The Azure Residences is a new high rise property development in Kelana Jaya. This highly iconic tower is part of an integrated development which incorporates Paradigm Mall, The Azure Residences and the development of an upcoming office tower.
The Azure Residences a refreshing concept as it incorporates a modern lifestyle with dedicated recreational spaces. Residents will literally be a stroll away from Paradigm Mall with its many shopping pleasures via the dedicated pedestrian bridge which will span the distance from the serviced apartment to the mall.
Residents of The Azure Residences will be able to shop for groceries at the Tesco hypermarket in Paradigm Mall, or if the selection of gym facilities within The Azure Residences are not to their tastes, there is a Fitness First outlet at the mall. Pubs and popular F&B outlets such as Chili’s and Italiannies are also a stroll from home as is Golden Screen Cinema (GSC).
This luxury development is situated along Petaling Jaya’s main arterial highway of Lebuhraya Damansara Puchong (LDP). The Azure Residences can be easily accessed via the LDP highway with connectivity to the New Klang Valley Expressway (NKVE). Subang, Ara Damansara and Taman Tun Dr Ismail are only between 10 and 15 minutes away by car.
Commuting via public transportation is also convenient from The Azure Residences as many buses pass by the area on the main road where there is a bus stop, and taxis also frequent this area especially with the mall nearby. The Kelana Jaya LRT Station while not within walking distance is only a 5-minute car ride away.
An added boon of being directly connected to Paradigm Mall is that the Kuala Lumpur International Airport 2 (KLIA2) shuttle busses have a route from the shopping mall which runs from the wee hours of the morning to late hours of the night making this a major plus point for frequent travellers.
The homes at The Azure Residences were bought mainly by property speculators for the anticipated rental yield that The Azure Residences will bring. Its prices were reasonable for its location and its sizes, and with every unit coming with a minimum of two parking lots, the project was a hot sell in the market.
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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 Azure Residences | Aug 2017 |
RM392,850
-
RM1,000,000
RM 410 psf - RM 1,049 psf |
RM750 - RM750 | NIL | 3.81 % |
| HighPark Suites | May 2019 |
RM379,000
-
RM1,125,000
RM 731 psf - RM 980 psf |
RM1,400 - RM1,400 | NIL | 3.51 % |
| Laguna Residences | June 2016 |
RM380,000
-
RM900,000
RM 400 psf - RM 430 psf |
RM1,500 - RM1,500 | NIL | 3.47 % |
| The Ascent | 2015 | NIL | From RM27,500 | NIL | NIL |
| Zenith Residences | Aug 2013 |
RM364,000
-
RM750,000
RM 336 psf - RM 733 psf |
RM1,500 - RM1,500 | NIL | 3.96 % |
| PJ5 SOHO | July 2012 |
RM280,000
-
RM350,000
RM 603 psf - RM 898 psf |
RM1,000 - RM1,000 | NIL | 4.3 % |
| Taragon Kelana | 2011 | RM550,000 - RM1,400,000 | RM600 - RM600 | NIL | 0.74 % |
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 450 psf | - | RM 388 psf |
| 1,000 - 1,500 SQ. FT | RM 372 psf | - | RM 373 psf |
| 1,500 - 2,500 SQ. FT | RM 421 psf | - | RM 423 psf |
| 2,500 - 4,000 SQ. FT | - | - | RM 560 psf |
| 4,000 SQ. FT and above | - | - | RM 314 psf |
Note:
| Down Payment (10%) | RM 80,892 |
| Loan Amount ( 90 %) | RM 728,028 |
| 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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