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Spring Avenue

Jalan Kuchai Lama, 58200 Kuala Lumpur, Wilayah Persekutuan
Serviced Residence
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Details:

Developer

Choon Tian Sdn Bhd
Chinese ad 4621 326x150 01

Facilities

Cafeteria
Launderette
Swimming pool
Children’s playground
Nursery
Rooftop garden
Multi-storey car park

Property Details

2016
(Year of Completion)
This project was completed 8 years ago
From RM619,000
Built Up
From 986 SQ. FT
Land Title
Commercial
Tenure
Freehold
Total Blocks
2
Total Storeys
23
Total Units
306
Parking
Min. 2

Description

Spring Avenue is a low density development strategically located in Kuchai Entrepreneurs Park in Kuchai Lama. It is a home that is designed for convenience, situated in the middle of the city with shops on the ground floor and a multi-storey parking lot for residents. There is everything from good food to car wash shops within a stone’s throw from home, making it the ideal home for those who seek convenience of lifestyle.

Kuchai Lama is already a popular name in the property market among buyers and investors alike for their lifestyle conveniences or investment, respectively. It is an area which its prices have been increasing in the recent years due to its convenient location between 5 and 10 minutes of the Maju Expressway (MEX), North-South Highway, SMART Tunnel and New Klang Valley Expressway. These highways place the Kuala Lumpur City Centre at less than 15 minutes away from Spring Avenue and Petaling Jaya at approximately 20 minutes.

All units offered by Spring Avenue are one size that fits everyone, is partially furnished and comes with two parking bays with the direction of the units facing east. The developer of Spring Avenue defines the property as a ‘jewel in the sky’ and promises to provide style, comfort, and convenience all under one roof with a reasonable price.

Potential buyers will however want to note that this development is located literally opposite the NSK hypermarket and is also within close walking distance to the Ajinomoto factory. The main road leading to Spring Avenue is normally also a quagmire of traffic congestion where it is typical to hear the blaring of irate drivers' horns at as early as seven in the morning.

As such, Spring Avenue would probably do well in the rental market to foreigners, otherwise families should stay away from this development or suffer the same fate as De Tropicana Condominium down the road where the majority of its residents are female foreigners from Thailand and China with questionable occupations, Ajinomoto factory and NSK hypermarket workers.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (None)
Kuchai Lama
Go To Neighbourhood
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Lynnette
If Kuchai Avenue was bad, this is WORSE! What's it gonna be?? an NSK cum ajinomoto hostel?! the road here is SO BAD in the morning also, cannot move at ALL! HORRIBLE!! It's located literally opposite NSK!!
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Nearby Amenities:

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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 (%)
Spring Avenue 2016 RM408,240 - RM650,000
RM 412 psf - RM 659 psf
RM550 - RM550 NIL 3.46 %
Arte KL July 2014 RM437,000 - RM1,218,240
RM 48 psf - RM 686 psf
RM700 - RM700 NIL 2.69 %
KL Palace Court 2014 RM380,000 - RM1,000,000
RM 47 psf - RM 549 psf
RM650 - RM650 NIL 3.25 %
The Scott Soho 2013 RM316,000 - RM850,000
RM 413 psf - RM 638 psf
RM1,500 - RM1,500 NIL 3.57 %
The Scott Garden 2011 RM283,000 - RM805,000
RM 278 psf - RM 907 psf
RM1,100 - RM1,100 NIL 5.4 %
Commerce One Mar 2010 RM368,000 - RM1,018,000 RM1,500 - RM5,350 NIL 5.93 %
Dynasty Garden Aug 2008 RM400,000 - RM677,000
RM 358 psf - RM 480 psf
RM1,200 - RM1,200 NIL 3.75 %

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 217 psf
500 - 1,000 SQ. FT RM 634 psf - RM 253 psf
1,000 - 1,500 SQ. FT RM 447 psf RM 607,500 psf RM 705 psf
1,500 - 2,500 SQ. FT RM 387 psf RM 350,000 psf RM 442 psf
2,500 - 4,000 SQ. FT RM 309 psf - RM 8,280,000 psf
4,000 SQ. FT and above RM 184 psf - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 309 psf
Non Landed Properties
RM 2,784 psf
Landed Properties
RM 31,166 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 61,900
Loan Amount ( 90 %) RM 557,100
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM N / A psf (986 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

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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