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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.
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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 | - | - |
Note:
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 |
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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