Property Review Video Contributed by iherng
Riverville Residences is a medium cost high rise apartment located off the busy and generally congested road of Jalan Klang Lama which is also known as Old Klang Road. Although it is situated in a prime location in the heart of Petaling Jaya with convenient access to both Kuala Lumpur and Bandar Sunway, the location of Riverville Residences itself appears to be quite unappealing.
The access road to Riverville Residences itself is lined on both sides of the road by low cost apartments, while directly outside the development itself are rows upon rows of triple storey shop lots which many are in bad need of a new coat of paint. While the majority of the population in the area are Malaysians, there also appear to be many migrants who live around the area due to the affordability of the homes there.
Prices of the homes at Riverville Residences itself are also on the high side purportedly due to its central location. While it is true that the location itself is convenient, the prices do not appear to justify it with its immediate surroundings being what it is.
Carrying a full range of facilities, residents will have a six-tiered security system to ensure the residents’ safety and prevention of entry to the grounds from undesirable visitors. There will also be a badminton court and basketball training area, two facilities which are scarce in newer developments due to space constrictions. Also available will be a children daycare centre within the grounds and a kitchen garden amongst Riverville Residences’ more unique offerings.
Every home at Riverville Residences is also spaciously built and is very suitable for families. Ranging between 1,116 sf and 3,181 sf, all the units will come with a minimum of three bedrooms. The layouts of the units are also well designed to maximise the space with no odd corners, nooks and crannies.
The majority of Riverville Residences buyers were locals of the area as opposed to investors; perhaps as they are already used to to area and are looking for a home upgrade. In 2013, there was a snatch-theft case which resulted in the death of the victim, and in addition to being an area with high crime rates, Riverville Residences is also located 300 metres away from high tension cables.
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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 (%) |
|---|---|---|---|---|---|
| Riverville Residences | Aug 2017 |
RM377,880
-
RM850,000
RM 364 psf - RM 652 psf |
RM1,599 - RM1,599 | NIL | 3.82 % |
| 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 % |
| 1120 Park Avenue | Dec 2013 |
RM299,700
-
RM590,000
RM 327 psf - RM 540 psf |
RM780 - RM780 | NIL | 3.06 % |
| 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 % |
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 446 psf | - | RM 223 psf |
| 1,000 - 1,500 SQ. FT | RM 397 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 42 psf | RM 2,413,333 psf | RM 417 psf |
Note:
| Down Payment (10%) | RM 53,888 |
| Loan Amount ( 90 %) | RM 484,992 |
| 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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