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Ideally located in the prime township of Bandar Menjalara is the Medan Putra Condominium, a development of residential towers which strikes the fancy of many potential purchasers.
This was however not always the case, as when the management of the building was being handled by the developers, there were much complaints from its residents which included poor security, a filthy environment, faulty lifts and cracked walls. Everything culminated in 2009 when the residents filed a lawsuit against the developer, which the residents won the case.
As such, the condition of Medan Putra Condominium’s environment improved drastically after the management was taken over by the Joint Management Body (JMB) and the value of the development has also increased healthily.
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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 (%) |
---|---|---|---|---|---|
Medan Putra Condominium | 2000 |
RM226,000
-
RM530,000
RM 50 psf - RM 546 psf |
RM1,200 - RM1,200 | NIL | 4.29 % |
Damansara Avenue | 2020 |
RM420,000
-
RM420,000
RM 403 psf - RM 403 psf |
RM4,000 - RM4,000 | NIL | 10.93 % |
Azelia Residence | May 2014 |
RM580,000
-
RM1,500,000
RM 425 psf - RM 1,009 psf |
RM1,499 - RM1,499 | NIL | 3.5 % |
The Westside One | June 2013 |
RM730,000
-
RM1,880,000
RM 696 psf - RM 1,015 psf |
RM2,200 - RM2,200 | NIL | 4.23 % |
Ativo Plaza | 2013 | RM328,400 - RM730,000 | RM1,300 - RM4,800 | NIL | 6.92 % |
The Northshore Gardens | Dec 2010 |
RM800,000
-
RM2,500,000
RM 829 psf - RM 1,026 psf |
RM2,800 - RM2,800 | NIL | 4.22 % |
Villa Manja | Apr 2010 |
RM3,288,000
-
RM5,500,000
RM 760 psf - RM 81,111 psf |
RM7,500 - RM7,500 | NIL | 2.39 % |
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 585 psf | - | - |
1,000 - 1,500 SQ. FT | RM 518 psf | - | - |
1,500 - 2,500 SQ. FT | RM 803 psf | - | RM 1,875,000 psf |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 29,500 |
Loan Amount ( 90 %) | RM 265,500 |
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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