Nusa Mewah was initially abandoned after its construction works began in 2005. Many home-owners were enraged as they had paid for the 10% downpayment and had yet to receive the keys to their units. What was worse was that their years of financing their units went down the drain after they discovered that the sale-and-purchase agreements had been terminated and their units sold off.
Another developer eventually took over and continued with the development until it was completed, and the original buyers were returned their units much to their joy and relief. Now that Nusa Mewah is up and ready, it lives up to its name as a luxurious high rise property in Cheras and many investors can now benefit from its value for future capital appreciation.
No articles available for this property.
Would you like to see our Articles page instead?
CLICK HERE TO USE MAP
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 (%) |
|---|---|---|---|---|---|
| Nusa Mewah | June 2014 |
RM270,000
-
RM370,000
RM 312 psf - RM 427 psf |
RM900 - RM900 | NIL | 3.66 % |
| SHNG Villas | 2014 | NIL | NIL | NIL | NIL |
| Ketumbar Heights | July 2010 |
RM250,000
-
RM405,000
RM 324 psf - RM 405,000 psf |
RM850 - RM850 | NIL | 4.13 % |
| Monte Bayu | Aug 2009 |
RM265,500
-
RM598,000
RM 0 psf - RM 526 psf |
RM1,100 - RM1,100 | NIL | 3.94 % |
| Glen View Villa | 2006 |
RM135,000
-
RM410,000
RM 177 psf - RM 375 psf |
RM1,000 - RM1,000 | NIL | 4.62 % |
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 376 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 392 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | RM 335,000 psf | - |
| 2,500 - 4,000 SQ. FT | - | RM 550,400 psf | - |
| 4,000 SQ. FT and above | - | RM 1,070,000 psf | - |
Note:
| Down Payment (10%) | RM 11,290 |
| Loan Amount ( 90 %) | RM 101,610 |
| 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.
With PropSocial, everyone can now find their dream home. Looking to buy, sell or rent a home of Nusa Mewah? Fill in your details and we will get right back to you!
