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Of the numerous housing developments within the city, Cheras is known to have some of the most well-planned and affordable housing developments; and amongst some of the original neighbourhoods in Bandar Mahkota Cheras is Section 1, which offers relatively new and well-maintained double storey terrace houses.
With many urban dwellers choosing to live in Cheras for its affordability and proximity to the Kuala Lumpur city centre, prices of the homes in Section 1 have appreciated significantly over the years.
Living in Cheras can be a major pain primarily due to terrible traffic congestions during peak hours, but buyers who are willing to put up with the pains of traffic will find that the homes in Cheras are well worth their price and that there is a certain quality of tranquility in the residential areas.
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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 (%) |
---|---|---|---|---|---|
Section 1 | Aug 2010 |
RM220,000
-
RM4,000,000
RM 142 psf - RM 827 psf |
RM1,200 - RM1,200 | NIL | 1.25 % |
Sunstone Villa | Mar 2015 |
RM790,000
-
RM1,480,000
RM 259 psf - RM 486 psf |
RM1,800 - RM1,800 | NIL | 2.48 % |
Galaxy Villa | 2015 |
RM1,300,000
-
RM1,430,000
RM 296 psf - RM 444 psf |
NIL | NIL | NIL |
Eastpark 72 | 2014 |
RM1,580,000
-
RM3,411,720
RM 200 psf - RM 653 psf |
RM6,000 - RM6,000 | NIL | 2.6 % |
Suria Court | 2012 |
RM300,000
-
RM530,000
RM 270 psf - RM 456 psf |
RM999 - RM999 | NIL | 3.17 % |
SL13 | 2005 |
RM615,000
-
RM1,000,000
RM 348 psf - RM 542 psf |
RM2,200 - RM2,200 | NIL | 3.27 % |
Mahkota Walk | 2000 |
RM115,000
-
RM7,000,000
RM 148 psf - RM 807 psf |
RM900 - RM900 | NIL | 0.79 % |
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 317 psf | RM 317,500 psf | RM 325 psf |
1,000 - 1,500 SQ. FT | RM 398 psf | RM 330,000 psf | RM 959 psf |
1,500 - 2,500 SQ. FT | RM 392 psf | - | RM 383 psf |
2,500 - 4,000 SQ. FT | - | RM 1,331,600 psf | - |
4,000 SQ. FT and above | - | RM 3,976,667 psf | - |
Note:
Down Payment (10%) | RM 32,000 |
Loan Amount ( 90 %) | RM 288,000 |
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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