Own a unit at Angkasa Condominiums (or buying one near UCSI)? The default operating model here is renting by rooms to UCSI students. The building already runs a proven in-building room market at RM530-650 a month, where a 3-bed split grosses RM1,650-1,950 — beating the whole-unit asking band of RM1,400-1,750 (with a 3-day-old fresh ask at RM1,600). Against resale asks of RM340,000-438,000, that is about 4.4-5.6% gross on a whole-unit let and up to 5.6-6.4% on the student split, asking basis, because transacted prices are not published this sweep. The biggest caveat: multi-tenancy requires the management's written clearance, and student tenancies bring higher churn and handover work.
Three ways to run your unit
Go rooms-first if you hold a 3-bedroom plate and want to tap UCSI student demand: in-building rooms already ask RM530-650 a month, grossing RM1,650-1,950 against the whole-unit ask. Go whole-unit if you want one stable household and one agreement at RM1,400-1,750 a month — whole units here re-let in days. Pass on short-stay: zero building-named Airbnb units exist on the market, and the geo-radius nightly asks (RM58-411) are generic KL stock.
Pick a model card, tell the tool which unit you own, then put in your own numbers. The answer updates as you type, and the charts show the trade-offs.
Loading the renovation ROI comparison…
What can you earn?
The rental market at Angkasa runs on two distinct channels. On the whole-unit side, Mudah carries 15 live rental listings for the building, clustering tightly at RM1,400-1,750 a month for fully furnished 890-975 sq ft 3-bedroom 2-bathroom layouts (with an older top ask at RM1,900). Fresh listings show immediate velocity: "RM 1,600 per month — [3 Room Furnished] Angkasa Condo UCSI Cheras Tmn Connaught MRT — 3 | 2 | 950 sq.ft — Listed 3 days ago"; "RM 1,699 per month — Fully Furnish 4r2b ... near UCsi — 975 sq.ft — Listed 4 days ago"; "RM 1,750 per month — Best Value Fully Furnished ... Near UCSI — 900 sq.ft — Listed 6 days ago"; and "RM 1,400 per month — 3B2B ... Fully Furnish — 910 sq.ft — Listed 8 days ago". On SPEEDHOME's board, zero dedicated Angkasa listings sit today (surrounded by 17 Cheras corridor comps asking RM1,800-4,500), offering a clean first-mover opening.
The room market is already active inside the gates. Unlike buildings where co-living is just a theory, Angkasa carries three live in-building room listings asking RM530-650 a month: a single room bilik sewa at RM530, a room near UCSI at RM550 (listed 16 days ago), and an air-conditioned room at RM650 (listed on 19-08-2026). The room-split math is clear: splitting a standard 3-bed unit across three students at RM550-650 a room brings in RM1,650-1,950 a month, out-earning the RM1,400-1,750 whole-unit ask. Across wider Cheras, rooms ask RM150-1,250 (dense at RM500-950, with newly renovated rooms reaching RM800-900), confirming that upgraded rooms can achieve the operator co-living bands (small RM600-700, medium RM800-900, master RM1,000-1,200).
The sale denominator is 21 live Mudah resale listings asking RM340,000-438,000 for 920-980 sq ft plates (roughly RM357-478 psf, dense at RM370-450 psf), with fresh listings like "RM 340,000 — 1k Booking ... 920sq FULL LOAN — Listed 1 day ago" and "RM 420,000 — Actual, Freehold, RENO, WELL KEEP — Listed 11 days ago". No transacted prices or Brickz medians are published on any accessible channel this sweep, so all yields are asking-basis gross and labelled so.
Worked out on the fresh whole-unit ask: RM1,600 x 12 = RM19,200 divided by RM389,000 (midpoint of the asking sale band) = 4.9% a year gross (asking-basis, before the 2.19% platform fee). Across the full whole-unit asking band, RM1,400-1,750 on RM340,000-438,000 gives 4.4-5.6% gross. Under the student room split at RM1,800 a month mid: RM1,800 x 12 = RM21,600 divided by RM389,000 = 5.6% gross, reaching up to 6.4% on the RM340,000 purchase floor.
Short-stay is unproven here: zero building-named units appear on Airbnb. The geo-search nightly asks of RM58-411 ($88-628 SGD for 5 nights) represent generic KL stock, not campus-side demand. Running costs — maintenance, sinking fund, quit rent, and assessment — are not published in portal records and must be confirmed directly from the management corporation's latest billing statement.
Why Angkasa Condominiums is a student housing anchor
Angkasa Condominiums is a freehold development by Connaught Heights Sdn Bhd (a subsidiary of Bonia Corporation), completed around 2005-2006 on Jalan Puncak Gading in Taman Connaught, Cheras, under DBKL. Comprising three 25-storey towers with approximately 600 units, the estate was engineered around a single functional plate: standardized 3-bedroom, 2-bathroom layouts spanning 890 to 1,000 sq ft. Its permanent geographic moat is being just 300 metres from UCSI University, which supplies an annual rotation of local and international students requiring off-campus accommodation.
The market structure reflects this educational anchor. Mudah counts 21 sale listings against 15 rental listings — a balanced ~1.4:1 ratio that stands out in Kuala Lumpur, where investor blocks frequently suffer from severe supply overhangs. Whole units re-let rapidly, often within days of listing, while room listings stay on the market longer (16 days to 7 weeks) because landlords must match individual tenant profiles. An investor choosing the room-split model trades the steady simplicity of a single family lease for an extra RM200-300 per month in gross income, along with the active management of three separate student handovers and semester breaks.
Pet-friendly setups earn roughly 15-20% more where allowed, based on broader market context from the operator registry. SPEEDHOME coliving is cat-friendly — cats welcome in our coliving rooms — whatever the handbook says; the offer is SPEEDHOME policy, and any building by-law clearance travels in the same management request.
5 checks before you buy
-
Read the real land title document — Angkasa is registered as freehold residential strata under the Strata Management Act 2013; inspect the individual parcel title to verify square footage, parking lot allocation, and any encumbrances before committing. Done: you hold the official land title copy.
-
Get the management corporation's written rules — multi-tenancy is the decisive gate for student co-living, followed by pet and short-stay rules. Obtain the written house rules and by-laws rather than relying on verbal assurances from property agents. Done: you hold the signed management letter.
-
Inspect the sinking fund and maintenance statements — as a 20-year-old estate with three 25-storey high-rises, ongoing lift maintenance, water reticulation, and repainting cycles represent substantial capex risks; verify the reserve fund health and past AGM minutes. Done: a verified statement on paper. See the real cost of self-managing a rental.
-
Review DBKL renovation guidelines — DBKL enforces strict municipal regulations regarding interior partitions and fire safety; keep layouts within approved residential parameters and never add unapproved drywall rooms. Done: written confirmation from the architect or council.
-
Install reversible rental furnishings — avoid immovable customized carpentry; a reversible SPEEDRENO rental fit-out equips student bedrooms with durable beds, desks, and wardrobes that can convert back to a single-family home in one weekend. Done: fit-out scope remains fully reversible.
FAQ
What yield does Angkasa Condominiums give?
On an asking basis, a whole unit renting at RM1,400-1,750 on a RM340,000-438,000 purchase price delivers approximately 4.4-5.6% gross per year. The UCSI student room split lifts gross returns to roughly 5.6-6.4% (RM1,650-1,950 gross per month). Transacted prices and maintenance fees are not published, so net yields will be lower.
Can you rent out rooms at Angkasa Condominiums?
Yes, provided you hold written multi-tenancy consent from the management corporation. Angkasa already runs an active in-building room market with live listings at RM530-650 per month. Without written management clearance, stick to a single whole-unit tenancy agreement. See the room rental and co-living guide.
Is short stay allowed at Angkasa Condominiums?
Zero building-named units appear on Airbnb, and the location caters to academic semesters rather than nightly tourism. Operating short-stay requires explicit written authorization under strata by-laws, and nightly lets are not recommended here.
Are pets allowed at Angkasa Condominiums?
Building-specific pet by-laws are not published. SPEEDHOME coliving is cat-friendly — cats welcome in our coliving rooms; the offer is our platform policy, while building by-laws can vary. Pet-friendly rooms command a 15-20% premium where permitted.
What running it looks like
Setup begins with two primary documents: the strata title document and the management corporation's written clearance for student multi-tenancy. Operating the unit means choosing between one stable household on a 12-month agreement or managing three individual student agreements aligned with the UCSI academic calendar. SPEEDHOME manages the tenant listing, conducts digital viewings, and performs automated credit screening, allowing you to approve every tenant before signing. Platform protection plans include Standard at RM799 + SST per year, Protect at one month's rent, and Protect+ at 1.5 months' rent.
Ready? List your Angkasa Condominiums unit with SPEEDHOME — zero deposit, we run the viewings, you approve the tenant.
The 15-card whole-unit rental cluster, the 3 in-building room cards, the 21-card resale listings, the Airbnb area sweep, and the corridor comparisons are live reads of 10 October 2026 (evidence file angkasa-condominiums-market-evidence-2026-10-10.yaml, lane bi-mine-01); yields are asking-basis gross derivations because transacted Brickz records are unindexed and maintenance fees are unpublished. More: the Cheras rental guide and the landlord investment decision guide.