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Sanctuary Ridge is a controversial piece of development located in the highly coveted and desirable area of Gasing Heights; a development that is much protested against by residents.
The complaints stem from the fact that the lush greenery amidst the hills are being corroded upon by greedy developers, who treasure monetary gain over the residents’ homes, resulting in mud flows on the 25th and 26th of April 2013, near the entrance of Sanctuary Ridge. Landslides are also a concern, where a small landslide near Maxwell Towers was detected in January 2013.
Supposed to be bungalow lots with minimum selling prices of RM300 psf and the smallest plots of land being 14,000 sf, Sanctuary Ridge is in actuality owned by Gasing Meridien, bought in 1995, making them privately owned lands. As a result, the residents of Gasing Heights lost the case and the project of Sanctuary Ridge has been given the go ahead.
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Did you know?
Check out the value of surrounding upcoming properties to make the best buying decision.
Property Name | Year of Completion | Launch Price | Ad Selling Price |
---|---|---|---|
Sanctuary Ridge | 2017 | From RM4,200,000 |
RM4,700,000
-
RM4,700,000
RM 496 psf - RM 496 psf |
Pantai Sentral Park | 2030 | From RM821,800 |
RM285,000
-
RM628,000
RM 316 psf - RM 697 psf |
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 (%) |
---|---|---|---|---|---|
Sanctuary Ridge | 2017 |
RM4,700,000
-
RM4,700,000
RM 496 psf - RM 496 psf |
NIL | NIL | NIL |
Commerce One | Mar 2010 | RM368,000 - RM1,018,000 | RM1,500 - RM5,350 | NIL | 5.93 % |
Menara K1 | 2010 | RM360,000 - RM1,250,000 | RM1,750 - RM5,800 | NIL | 5.63 % |
Mutiara Apartment | 2008 |
RM225,000
-
RM260,000
RM 315 psf - RM 346 psf |
RM950 - RM950 | NIL | 4.31 % |
Fraser Towers | 1994 |
RM396,000
-
RM880,000
RM 254 psf - RM 463 psf |
RM2,500 - RM2,500 | NIL | 4.11 % |
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 | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | RM 406 psf | - | - |
1,500 - 2,500 SQ. FT | RM 328 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 420,000 |
Loan Amount ( 90 %) | RM 3,780,000 |
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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