Akasia Apartment is a low-cost flat that is located in Setia Alam as part of Shah Alam. It is not to be confused with Pangsapuri Akasia, which was also previously known as the Akasia Apartment and is located in Berjaya Park with Kota Kemuning. It also not to be mixed up with the Akasia Apartments in Pusat Bandar Puchong, which is also alternatively known as Aparmen Akasia.
The Akasia Apartment of Setia Alam in Shah Alam may be a low-cost flat, but is highly desirable to those who live in the area – either as an investment or as a home that is conveniently located to many amenities.
The most desirable point of living at Akasia Apartment @ Setia Alam is its proximity to the commercial area of the township. Within a short distance of the apartment is the Bukit Raja Shopping Centre and Tesco Setia Alam. And within the surrounding area are many commercial areas that house anything from F&B outlets to hospitals and places of worship.
As such, purchasing a home at Akasia Apartment as an investment is an ideal bet as its rental yield has been increasing year-on-year. The lowest rental yield in its history was 3.1%, while just in the third quarter of 2019 it was 3.78%.
The homes at Akasia Apartment @ Setia Alam are decently spacious. Buyers will get to choose from built-ups that range between 807 sf and 850 sf. Designed for a moderate-sized family, all the units come with 3 bedrooms and 2 bathrooms.
Akasia Apartment @ Setia Alam is located at No. 4 Persiaran Setia Prima, Seksyen U3, 40170 Shah Alam, Selangor. It enjoys a residential land title, and making the development more valuable is its freehold title. And while Akasia Apartment is a low-cost flat, it is clear that the homes are well built and spaciously designed.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Akasia Apartment | 0 |
RM250,000
-
RM340,000
RM 303 psf - RM 406 psf |
RM900 - RM900 | NIL | 4.47 % |
| Duta Villa | May 2014 |
RM650,000
-
RM24,800,000
RM 332 psf - RM 5,022 psf |
RM3,500 - RM3,500 | NIL | 0.45 % |
| Setia Damai | 2011 |
RM420,000
-
RM16,000,000
RM 54 psf - RM 800,000 psf |
RM1,700 - RM1,700 | NIL | 0.42 % |
| Setia Impian | 2003 |
RM85,000
-
RM2,990,000
RM 47 psf - RM 944 psf |
RM370 - RM370 | NIL | 1.24 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 21,000 |
| Loan Amount ( 90 %) | RM 189,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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