The Nest Residences is a much awaited for project located along the busy trunk road of Jalan Puchong, off Old Klang Road. It is to be situated almost beside the Petron petrol station, opposite the popular Tiara Mutiara serviced apartment. The Nest Residences is a development of Nagano Development, one of the lesser known developers in Malaysia but of fine quality nevertheless.
The Nest Residences is a home which its name depicts its concept. It is a home that is dedicated to family living with its cosiness. There will be a total of 618 units are opened to the public for sale and will have a minimum launch price of RM430,749.
These homes will be spread out over two blocks of towers, making it a moderate density development. Of the two blocks, one stands at 28 storeys tall and the other at 36 storeys tall. Due to its affordability, the number of facilities available at The Nest Residences will also be on the rather limited side. As of 2015, the confirmed facilities is a gymnasium, infinity pool and playground.
While information on The Nest Residences is scarce, it is a widely anticipated development for its strategic location. There have however been much apprehension to the density of living in the area which causes massive traffic congestion during peak hours. Many buyers however lean in favour of the development as it is within only minutes of Old Klang Road and its accessibility to many highways.
Residents will be within minutes of Petaling Jaya and Damansara-Puchong Highway (LDP), where the former is only 10 minutes away and the latter at less than 5 minutes. With the LDP, getting the Bandar Sunway and Subang Jaya will take approximately 15 minutes in clear traffic. On the other hand, getting to Mid Valley Megamall or the Federal Highway will also take less than 15 minutes in clear traffic, and getting to the Kuala Lumpur city centre will take less than 25 minutes through Old Klang Road and the Federal Highway.
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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 (%) |
|---|---|---|---|---|---|
| The Nest Residences | Dec 2019 |
RM298,000
-
RM1,100,000
RM 368 psf - RM 890 psf |
RM1,100 - RM1,100 | NIL | 3.88 % |
| OUG Parklane | 2015 |
RM265,000
-
RM2,295,000
RM 278 psf - RM 695 psf |
RM400 - RM400 | NIL | 1.03 % |
| Menara UP | 2015 |
RM420,000
-
RM420,000
RM 488 psf - RM 488 psf |
From RM2,100 | NIL | NIL |
| Residence 8 | Dec 2013 |
RM470,000
-
RM1,430,000
RM 428 psf - RM 1,100 psf |
RM850 - RM850 | NIL | 1.65 % |
| Tiara Mutiara | 2013 |
RM272,000
-
RM630,000
RM 371 psf - RM 643 psf |
RM1,000 - RM1,000 | NIL | 4.22 % |
| Sutera Maya | 2013 |
RM510,000
-
RM638,000
RM 380 psf - RM 475 psf |
RM1,650 - RM1,650 | NIL | 3.62 % |
| Mutiara Apartment | 2008 |
RM225,000
-
RM260,000
RM 315 psf - RM 346 psf |
RM950 - RM950 | NIL | 4.31 % |
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 1,111 psf | - | - |
| 500 - 1,000 SQ. FT | RM 445 psf | - | RM 222 psf |
| 1,000 - 1,500 SQ. FT | RM 390 psf | - | RM 277,732 psf |
| 1,500 - 2,500 SQ. FT | - | - | RM 200,127 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,453,333 psf | - |
| 4,000 SQ. FT and above | RM 36 psf | RM 2,413,333 psf | RM 417 psf |
Note:
| Down Payment (10%) | RM 43,074 |
| Loan Amount ( 90 %) | RM 387,674 |
| 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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