Of one of the most renowned mixed developments in Bandar Menjalara is Plaza Medan Putra, a combination of residential and commercial lots. While strategically located in a sought after location, many potential investors who were interested in the project walked away soon after visiting the place, as many complain that they do not like its design.
What one observer mentioned was that the building looks like a low cost development from the outside, while the building looks far older than its actual age. He also said that he thoroughly disliked the fact that the water tank is visible from the outside.
Another potential buyer also complained that he thoroughly disliked the fact that there are far too many foreigners staying at the place, going so far as to say that it looks like a mini United Nation office on the inside.
The one good thing about this development is that the commercial lots attached to the residential development are held by the developer and leased to tenants; however, these shops stand empty as the developers are unable to find any good tenants.
All in all, there have been purchasers who bought this project during its launch, but sold it a few years after its completion as they were unable to deal with the environment; and have according to them made a 100% profit.
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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 (%) |
|---|---|---|---|---|---|
| Plaza Medan Putra | 2009 |
RM171,000
-
RM560,000
RM 214 psf - RM 826 psf |
RM480 - RM480 | NIL | 3.32 % |
| Damansara Avenue | 2020 |
RM420,000
-
RM530,000
RM 403 psf - RM 1,062 psf |
RM4,000 - RM4,000 | NIL | 10.93 % |
| The Westside Two | Jan 2015 |
RM1,050,000
-
RM1,880,000
RM 738 psf - RM 1,057 psf |
RM2,999 - RM2,999 | NIL | 3.77 % |
| Azelia Residence | May 2014 |
RM580,000
-
RM1,500,000
RM 425 psf - RM 1,009 psf |
RM1,499 - RM1,499 | NIL | 3.5 % |
| The Westside One | June 2013 |
RM730,000
-
RM1,880,000
RM 696 psf - RM 1,015 psf |
RM2,200 - RM2,200 | NIL | 4.23 % |
| Ativo Plaza | 2013 | RM328,400 - RM730,000 | RM1,300 - RM4,800 | NIL | 6.92 % |
| The Northshore Gardens | Dec 2010 |
RM800,000
-
RM2,500,000
RM 829 psf - RM 1,128 psf |
RM2,800 - RM2,800 | NIL | 4.22 % |
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 585 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 579 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 804 psf | - | RM 1,866,667 psf |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 9,300 |
| Loan Amount ( 90 %) | RM 83,700 |
| 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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