Paradiso Nuova, Medini
Paradiso Nuova is a leasehold apartment located in Medini, Nusajaya. There are 382 units available at this project with built-up from 696 sf to 1,475 sf. It was developed by Zhuoyuan Iskandar Sdn Bhd with a launch price of about RM850 psf, and was completed around 2016. Zhuoyuan Iskandar Sdn Bhd is a small-scale property development company held privately, and it has developed only this project in Malaysia.
This apartment has some amenities nearby, i.e. hospitals and schools.
The current market prices for Paradiso Nuova are from RM500,000 to RM1,620,000 (about RM910 psf); while the monthly rentals are from RM1,400 to RM2,500 (about RM2.01 psf). The highest median price psf ever recorded was RM1,085 psf in Q2 2019; while the lowest one was RM718 psf in Q4 2019.
The current rental yield of Paradiso Nuova is around 3.84%, compared to 2.11% a year ago in Q4 2018. The highest rental yield ever recorded was 3.84% in Q4 2019; while the lowest one was 1.7% in Q2 2019. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Paradiso Nuova is 1-bedroom / 696 sf with a median price of RM910 psf. For price wise, the most expensive one is 3-bedroom / 1,475 sf with a median price of RM1,100 psf; while the cheapest one is 2-bedroom / 696 sf with a median price of RM720 psf.
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