Chambers Kuala Lumpur is the Klang Valley debut of Seremban-based developer Matrix Concepts Sdn Bhd, best known for its flagship township of Bandar Sri Sendayan in Negeri Sembilan.
With an estimated gross development value (GDV) of RM311 mil, the 33-storey serviced apartment comprises 509 freehold units with built-ups from 450 sq ft to 908 sq ft. Prices for the project soon after launch ranged from RM433,000 to RM1 mil, or an average of RM962 psf - fairly affordable rates for a home in the heart of the city.
Home seekers and prospective purchasers can choose from a total of five layouts, with three studio configurations with built-ups of 450 sq ft, 451 sq ft and 454 sq ft, as well as two larger options at 653 sq ft and 908 sq ft, suitable for couples and families.
The 908-sq ft layout in particular is an intriguing option for purchasers, coming with a single bedroom with an integrated kitchen space. The living room features another integrated kitchen space, lending the configuration to duplex rental or living arrangements for extended family, given some investment into renovation and partitions.
Chambers Kuala Lumpur is located on Jalan Ipoh Kecil, off Jalan Putra close to the Putra World Trade Centre (PWTC). Like many new developments coming up around Kuala Lumpur, it leverages on Klang Valley’s growing integrated rail network with proximity to the PWTC LRT, Chow Kit monorail and Putra KTM stations, as well as connectivity to major trunk roads such as Jalan Putra, Jalan Kuching, Jalan Sultan Jalan Pahang and Jalan Tun Razak.
The project benefits from being Matrix Concept’s debut offering in the city, with a corresponding amount of time and attention lavished on its conceptualisation, presentation and facilities. The acreage on which Chambers Kuala Lumpur sits was purchased in 2013; however, it spent nearly five years in the planning phase as the developer waited for market conditions to align.
In terms of internal pull factors, the development features a facilities deck incorporating swimming, wading and shallow pools, as well as a gymnasium, barbecue and lounge area. As with most serviced residences, the project sits on commercial land, so prospective purchasers should plan for this when budgeting for their maintenance and utility bills.
However, Chambers Kuala Lumpur’s location speaks for itself, allowing residents to leverage on the matured amenities and attractions of an international capital. These include Tasik Titiwangsa, a popular recreational park located within a 10-minute drive of the serviced apartment, and Sunway Putra Mall, which is just a 350-metre walk away.
Meanwhile, the nearby PWTC serves as a MICE (meetings, incentives, conferencing and exhibitions) hub and Hospital Kuala Lumpur, 700m away, offers a wide range of medical services.
Matrix Concepts has also taken one of the chief concerns of city dwellers to heart, with no less than three tiers of security in place to safeguard the safety of residents. These include access card control at the building’s guard house and lift facilities, as well as CCTV surveillance and a 24-hour onsite security personnel presence following a patrol checkpoint system.
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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 (%) |
|---|---|---|---|---|---|
| Chambers Kuala Lumpur | 2022 |
RM370,000
-
RM1,004,000
RM 655 psf - RM 1,300 psf |
RM1,700 - RM1,700 | NIL | 3.76 % |
| JKG Tower | 2017 | NIL | From RM16,500 | NIL | NIL |
| Plaza Haji Taib | 2016 | From RM800,000 | From RM1,500 | NIL | NIL |
| Menara Centara | Oct 2014 | RM499,400 - RM2,652,500 | From RM2,400 | NIL | NIL |
| Kenny Hills Residence | Mar 2014 |
RM500,000
-
RM8,500,000
RM 410 psf - RM 1,346 psf |
RM10,000 - RM10,000 | NIL | 3.2 % |
| Vue Residences | Dec 2013 |
RM288,000
-
RM810,000
RM 576 psf - RM 940 psf |
RM900 - RM900 | NIL | 4.26 % |
| Regalia @ Jalan Sultan Ismail | 2012 |
RM276,500
-
RM8,500,000
RM 378 psf - RM 77,981 psf |
RM800 - RM800 | NIL | 0.78 % |
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 | - | RM 17,000,000 psf | RM 4,726 psf |
| 500 - 1,000 SQ. FT | RM 519 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 416 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 462 psf | - | - |
| 2,500 - 4,000 SQ. FT | RM 515 psf | - | - |
| 4,000 SQ. FT and above | - | RM 13,800,000 psf | - |
Note:
| Down Payment (10%) | RM 43,300 |
| Loan Amount ( 90 %) | RM 389,700 |
| 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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