Boss, it is obviously rental income would be tough for a studio at such location of Bdr Kinrara, and some more with such benchmark price tag of over RM 600+ psf.
IMHO, the studio of 600+ psf can be elegant and exclusive, thus, if able to rent out at max RM 1500-1600 pm at today's rate, it could be very decent.
I have to reiterate that Bdr Kinrara / Puchong is not a full force or hardcore rental investment game, but more to a capital / property appreciation game. The area which highly regarded with rental ROI game would be Subang Jaya or Bdr Sunway, which speculated by the colleges' student.
In fact, when I bought the Zest, I never thought this condo able to fetch anything higher than RM 1,200 pm rental but in fact, Zest current rental had fetched and reached abt RM 1,500 - 2,000 without the help of any college nearby and this is before the climax of LRT completion. A good location for own stay, is not necessary a good location for rental yield but capital appreciation.
The studios of 8 Kinrara are very limited, at around 40+ units, hence, the holding period is very strong. There are no studio for The Zest, until the whole stretch of Bdr Kinrara.
This 40+ owners, who willing to enter at such price without any discount, be it 70% or 90% loan, forked out downpayment of btw 10% - 30%, means this small group of studio owners are typically not those who buying a highrise and only looking at high discount. The difference is the profile of these 40+ buyers against the buyers of any other projects with 7-15% discount.
For most of the investors in Bdr Kinrara, rental is just part of the game while awaiting the best timing to flip it at higher profit.
I not adamant to believe the studio here about to fetch RM 2k p/m, but well, I predict a stagnant rates of rental in Bdr Kinrara, at least until the completion of LRT, it would be play a pivotal role to push up the rental prices. Whether the market is only worth RM 1.5k by 2016, the owner can ask for RM 2.5k p/m, it is only 40+ units in the whole BK with short walking distance to new LRT station, at this stage, it would be " 2.5k, take it or leave it"
+1 .. BK is very family oriented neighborhood, thus strong demand for long term stay that drive up the price around this place..
There are 4 studios in Zest but not sure how they perform.. and you are right, these stretch of road from Turf Club till Puchong, only 8 Kinrara offers studio at a larger scale.. not even in Bukit Jalil where rental market is relatively stronger than Kinrara area..
IMHO, studios work well within commercial area, but within residential area pretty untested. Kinrara is still dominated by housing development, unlike Puchong goldmile which plenty of commercial along LDP. But again, the good news is only 40+ studio with less competition within this area.. but never know will there be another studio development coming up within this area.