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Vila Vista is an upcoming high-end development in Cheras, exclusively designed for families with its larger than the norm layouts. As the third project from a series of successful developments in Cheras, Vila Vista also got an overwhelming response upon its launch.
Vila Vista is a beautiful condominium that will consist of only one graceful tower of 39 storeys with an extremely low density of a mere 137 units spanning 1.5 acres. Each and every one of the units are built with space and more space, designed to house large or extended families.
With a GDV of RM123 million, Vila Vista was designed to be the tallest condominium to grace the landscapes of Cheras as of 2015, and units at Vila Vista was very quickly sold out within months of its launch, as in spite of its large sizes Vila Vista is rather reasonably priced for its sizes.
The ‘entry rate’ to Vila Vista is however quite stringent, as reported in The Star the developers actually interviewed their buyers prior to the signing of the Sales and Purchase Agreement (S&P). If the buyer was purchasing for investment, they would be charged ten times the normal maintenance fee due to the higher cost of maintenance.
Aside from discouraging owners to rent their units out and making Vila Vista an un-family friendly condominium, the higher maintenance fee will also ensure that Vila Vista will be well maintained to present a decent facade. It was also hinted that collection of maintenance fees and sinking funds will be strict to ensure sufficient funds for the upkeep of Vila Vista.
With seven different design layouts for its units and developed by a renowned property firm with a good track record, Vila Vista has the upper hand in terms of its unique layout for the master bedroom. The master bedroom is connected to both the inside and outside of the residence with the purpose of enabling it to be rented out as a studio unit once the inner entrance is sealed off. It is an interesting notion for those who are interested in renting the room out.
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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 (%) |
---|---|---|---|---|---|
Vila Vista | 2016 |
RM656,100
-
RM1,350,000
RM 395 psf - RM 776 psf |
RM1,200 - RM1,200 | NIL | 3.63 % |
Sky Vista Residensi | 2014 |
RM584,000
-
RM960,500
RM 343 psf - RM 565 psf |
RM1,200 - RM1,200 | NIL | 2.42 % |
Villa Seri Puteri | 2014 |
RM400,000
-
RM650,000
RM 307 psf - RM 593 psf |
RM1,500 - RM1,500 | NIL | 4.11 % |
Vistaria Residensi | June 2012 |
RM474,000
-
RM765,000
RM 307 psf - RM 549 psf |
RM1,800 - RM1,800 | NIL | 5.11 % |
Shamelin Heights Business Park | June 2009 |
RM558,000
-
RM558,000
RM 639 psf - RM 639 psf |
RM24,000 - RM50,000 | NIL | 79.57 % |
Pertama Residency | 2009 |
RM292,000
-
RM556,800
RM 288 psf - RM 668 psf |
RM1,300 - RM1,300 | NIL | 3.95 % |
Bukit Pandan 2 | 2000 |
RM305,000
-
RM680,000
RM 246 psf - RM 375 psf |
RM950 - RM950 | NIL | 3.11 % |
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 1,387 psf |
500 - 1,000 SQ. FT | RM 415 psf | - | RM 500 psf |
1,000 - 1,500 SQ. FT | RM 377 psf | - | RM 353 psf |
1,500 - 2,500 SQ. FT | RM 354 psf | RM 525,000 psf | RM 1,753,750 psf |
2,500 - 4,000 SQ. FT | RM 688 psf | RM 1,810,000 psf | - |
4,000 SQ. FT and above | - | RM 1,430,000 psf | - |
Note:
Down Payment (10%) | RM 73,900 |
Loan Amount ( 90 %) | RM 665,100 |
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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