Login to PropSocial
Are you an agent? Sign Up Here
Not a Propsocial member? Sign Up
Sign Up with PropSocial
Already a Propsocial member? Login
Casamas Condo is a condominium project that is located next to Estuary Court in Ukay, Ampang. It is a development of three blocks, whereby Block A and Block B were abandoned projects of Kumpulan Promista Sdn Bhd. Although Block A was completed, Block B was built only up to the sixth of the eight floors. The new developers plan to complete Block B of the development with an estimated GDV of RM49.8 million. There has been no news on Block C as of Q1 2016, only that the developers have reserved it for future development.
Rumoured to have been sold at between 15%-20% below market price, Casamas Condo was relaunched in 2013 to a very enthusiastic market. It was viewed to be a highly desirable investment due to its central location and easy accessibility, but many were apprehensive of the development due to the abandonment issue; and also that the new developers of Casamas Condo were unknown entities.
The continuation of Casamas Condo is a joint development between Caely (M) Sdn Bhd and Kismajaya Sdn Bhd. The former is a company that was incorporated in 1986, whose core business is direct selling lingerie to the Malaysian market. The company’s most distinguished award so far is the Tan Sri Fatimah Avon Women of Distinction Awards 1995. The latter is on the other hand a developer with no track record in the market.
Spanning 7.09 acres of leasehold land, Casamas Condo was fully sold out shortly after its relaunch. All the units are partially furnished with two air-conditioners and a water heater in the master bathroom. The master bedroom and second bedroom are also furnished with wardrobes, and the kitchens with built-in kitchen cabinets. The units will come with plaster ceilings as well. Sized at between 882 sf and 1,488 sf with a relaunch price of RM387,000, all the units come with only one parking lot regardless of its size.
The facilities at Casamas Condo will be rather limited with only a swimming pool and gymnasium. It will be located on the seventh floor of Block B, with a bridge connecting Block A to Block B.
No articles available for this property.
Would you like to see our Articles page instead?
Plan a site visit, or request for more information on this floor plan now!
CLICK HERE TO USE MAP
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 (%) |
---|---|---|---|---|---|
Casamas Condo | Sept 2015 |
RM380,000
-
RM420,000
RM 400 psf - RM 432 psf |
RM1,350 - RM1,350 | NIL | 4.13 % |
Tijani Ukay | Dec 2015 |
RM1,250,000
-
RM3,800,000
RM 435 psf - RM 966 psf |
RM5,500 - RM5,500 | NIL | 3.22 % |
Gaia 16 | Nov 2013 |
RM1,390,000
-
RM6,500,000
RM 430 psf - RM 808 psf |
RM20,000 - RM20,000 | NIL | 6.84 % |
Residensi Bistaria | 2013 |
RM160,000
-
RM380,000
RM 188 psf - RM 447 psf |
RM850 - RM850 | NIL | 4.13 % |
Nusa Tropika | July 2010 |
RM1,458,000
-
RM2,800,000
RM 324 psf - RM 778 psf |
RM5,000 - RM10,500 | NIL | 4.11 % |
Sering Ukay | 2010 |
RM120,000
-
RM5,280,000
RM 42 psf - RM 833 psf |
RM3,000 - RM3,000 | NIL | 5.11 % |
Taman Andaman Ukay | Feb 2005 |
RM850,000
-
RM4,500,000
RM 389 psf - RM 450,000 psf |
RM2,600 - RM2,600 | NIL | 1.17 % |
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 325 psf | - | - |
1,000 - 1,500 SQ. FT | RM 446 psf | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | RM 2,037,600 psf | - |
4,000 SQ. FT and above | - | RM 2,276,000 psf | - |
Note:
Down Payment (10%) | RM 38,700 |
Loan Amount ( 90 %) | RM 348,300 |
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.
With PropSocial, everyone can now find their dream home. Looking to buy, sell or rent a home of Casamas Condo? Fill in your details and we will get right back to you!