Amerin Mall & Residence is an exciting new mixed development located in Balakong, to be the first of its kind in the town. Incorporating both shopping mall and serviced apartment, the shopping mall is expected to be completed in the year 2016 while the serviced apartments are expected to be completed in either 2017 or 2018.
Providing ample parking space for visitors, Amerin Mall touts its signature River Promenade which is acclaimed to provide a romantic and relaxing ambience. The ground floor of the shopping mall will be dedicated to the anchor grocer tenant, al fresco outlets and retail outlets, while the first floor will be dedicated to lifestyle, art and fashion. Located on the second and highest floor of the shopping mall will be the health outlets along with the education and entertainment outlets.
Amerin Mall & Residence is well connected from all directions. It sits beside the Kajang Dispersal Link Expressway (SILK) which provides a convenient route to Kajang, while to its north is Kuala Lumpur and Cheras with Kajang and Seremban to the south. By utilising the available highways around the vicinity, residents of Amerin Mall & Residence can also get to Puchong and Subang at its west conveniently and Sungai Long to the east.
Strategically located close to public transportation in the high traffic neighbourhood of Balakong, Amerin Mall & Residence is within a short drive of the Serdang KTM Station and a slightly further drive to the Sungai Besi LRT Station. Amerin Mall & Residence will also be within proximity of two new MRT lines.
Being located on the outskirts, the prices of homes at Amerin Residence are fairly affordable. The developer’s reputation also precedes them with reliable building quality and excellent capital gains on their past project D’Impian Tropika.
There is however some apprehension from some quarters who have done their research on the area. An interested purchaser who heard rumours of flood in the area, went to speak to a worker of the area, and confirmed that the site is located on a hill slope which leads to Sungai Balak. Nevertheless another long time resident of the area says that the area is never flooded.
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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 (%) |
|---|---|---|---|---|---|
| Amerin Mall & Residence | 2018 |
RM262,000
-
RM700,000
RM 286 psf - RM 700 psf |
RM500 - RM500 | NIL | 3.16 % |
| Taman Mesra Utama | Dec 2012 |
RM817,000
-
RM855,000
RM 212 psf - RM 231 psf |
RM450 - RM450 | NIL | 0.65 % |
| LaVille | May 2012 |
RM970,000
-
RM2,100,000
RM 298 psf - RM 562 psf |
RM3,700 - RM3,700 | NIL | 2.89 % |
| Venture Heights | May 2010 |
RM675,000
-
RM10,000,000
RM 261 psf - RM 4,000 psf |
RM1,500 - RM2,000 | NIL | 0.39 % |
| Taman Taming Maju | June 2007 |
RM888,000
-
RM1,500,000
RM 222 psf - RM 517 psf |
RM4,200 - RM4,200 | NIL | 4.22 % |
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 | - | - | RM 133,618 psf |
| 2,500 - 4,000 SQ. FT | - | RM 860,000 psf | - |
| 4,000 SQ. FT and above | - | RM 800,000 psf | - |
Note:
| Down Payment (10%) | RM 47,578 |
| Loan Amount ( 90 %) | RM 428,209 |
| 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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