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Waterfront properties typically go with higher prices, but the Ampang Waterfront is one of the notable exceptions. Built by the GMH Properties Group in the early 2000s, this stretch of shop-offices represents some of the lowest-priced riverside real estates along the Klang River.
Located at the far eastern edge of the Kuala Lumpur conurbation and commonly accessed via congested Jalan Ampang, the waterfront area remained relatively unchanged until a series of recent developments began reinvigorating the area.
Situated along two of the main arteries leading to the nation’s capital, Jalan Ampang and the Klang River, the Ampang Waterfront has benefitted from the Sungai Besi-Ulu Klang Elevated Expressway (SUKE) – which serves to lighten traffic along Jalan Ampang by providing fast-track access to the Kuala Lumpur Outer Ring Road (KLOOR) via the East Klang Valley Expressway (EKVE).
The long-anticipated IRDK Residensi, a 3-acre mixed development with 3 towers of apartments, shops, and offices, was renamed to D’ Waterfront when the reins of the project were taken up by Vertilot Development (a subsidiary of Terraton Development). The project’s new name effectively extends the Ampang Waterfront to the northern side of the Klang River.
Also tucked between Taman Kosas and the Ampang Forest Reserve, and associated with the Ampang Waterfront by way of Granstep Development (of the GMH Properties Group), Puncak Indah Ampang comprises affordable apartments and luxurious three-storey homes priced as low as RM280 psf.
In contrast: just 2 km away, at the westernmost end of the Ampang Waterfront and approximately 1km from the Ampang LRT Station, a low-cost flat at Pangsapuri Widuri can be found for as low as RM220 psf.
New bridges connect these relatively recent developments with the south bank, between Jalan AWF 3 and AWF 3A, providing residents on the north side of the Klang River with exclusive access to the Waterfront.
With elevated sections of the SUKE simultaneously alleviating congestion and providing shade along Jalan Ampang, the rows of shops at Ampang Waterfront, traditionally home to automotive workshops, furniture stores, and mini markets, have been steadily transitioning to a more varied mix, comprising restaurants and cafes that cater to an increasingly cosmopolitan population.
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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 (%) |
---|---|---|---|---|---|
Ampang Waterfront | 0 | From RM1,350,000 | RM2,400 - RM2,400 | NIL | NIL |
Ampang Prima | 2006 |
RM310,000
-
RM790,000
RM 218 psf - RM 505 psf |
RM1,300 - RM1,300 | NIL | 3.21 % |
Merdeka Villa | 2006 |
RM207,000
-
RM400,000
RM 233 psf - RM 431 psf |
RM750 - RM750 | NIL | 4.64 % |
Ampang Damai | 2001 |
RM227,000
-
RM12,000,000
RM 202 psf - RM 1,714 psf |
RM1,300 - RM1,300 | NIL | 0.22 % |
Symphony Court | 2000 |
RM200,000
-
RM300,000
RM 235 psf - RM 375 psf |
RM320 - RM400 | NIL | 1.51 % |
Gladden Court | 1996 | RM140,000 - RM215,000 | RM850 - RM850 | NIL | 5.41 % |
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 | RM 419 psf | RM 400,000 psf | RM 262 psf |
1,000 - 1,500 SQ. FT | RM 338 psf | - | RM 664 psf |
1,500 - 2,500 SQ. FT | RM 304 psf | - | RM 183 psf |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | RM 1,025,000 psf | - |
Note:
Down Payment (10%) | RM 135,000 |
Loan Amount ( 90 %) | RM 1,215,000 |
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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