Vista Sentul Residences is a freehold high-rise apartment at Jalan Sentul, adjacent to Jalan Ipoh and is tailored for first-time homebuyers and investors.
Continue Reading ⋅ 25 November 2020
Vista Danau Kota Residensi Wilayah is a project under the Affordable Housing Scheme (Residensi Wilayah, also known as RUMAWIP). Developed by Platinum Victory, Vista Danau Kota Residensi Wilayah is located in Setapak, Kuala Lumpur.
Malaysians aged 21 years and above can now own a place in the city. Platinum Victory is not compromising on the fundamental elements that most consumers look for in a property – location, value for money, convenience and accessibility.
Vista Danau Kota Residensi Wilayah is projected to meet these criteria, as it is an affordably-priced development that Malaysians can apply for, and potentially own a unit, in greater Kuala Lumpur. This project is also marketed under the developer’s Vista Essential Homes category of affordable housing projects.
Vista Danau Kota Residensi Wilayah is set within 3.721 acres of leasehold land, and the single-block development will be priced at RM300,000 per unit. Vista Danau Kota Residensi Wilayah was officially launched on 4 July 2020, with its sales gallery open for public enquiries and show unit viewing.
Interested buyers can also take a look at the video, and 360° aerial view, in the developer’s website.
Address: Lot 30377, Jalan 3/23D, Taman Danau Kota, Setapak, Kuala Lumpur
Property Type: Affordable Housing Scheme (Residensi Wilayah)
Land Title: Residential Strata
Development Area: 3.721 acres
No. of Blocks: 1
Total Units: 910
Tenure: Leasehold
Sales Gallery: Lot G-08, Residensi PV21, Platinum Lake Condominium, No 6, Jalan Usahawan 2, Off Jalan Genting Kelang, Setapak, 53200 Kuala Lumpur
Year of Completion: Jan 2025
Built-up Area: 810 sq ft
Facilities:
- Swimming pool
- Children’s pool
- Changing room
- Multi-purpose hall
- Guardhouse
- Launderette
- Surau
- Community area
- Kindergarten
- Shops
Launch Price: RM300,000
Project Details
Vista Danau Kota Residensi Wilayah is a one-block development comprising 910 units priced at RM300,000. This affordable home project comes with lifestyle facilities such as swimming pools for adults and kids, a multi-purpose hall, laundry room, surau, community space, nursery, shop lots, and 24-hour security – making for a comfortable living experience in an urban setting.
The developer is working to ensure that they address the community’s needs by mapping out details such as location, layout, and design, among other components. They are focusing on creating homes that are functional, affordable, and liveable.
Key figures
- 1 block
- 46-storey
- 24 units per floor
- 9 lifts
- 810 sq ft
- 3 bedrooms
- 2 bathrooms
Location
Similar to its neighbour Sentul, Setapak is a short distance to the KL city centre (KLCC). The Sentul West MRT station along the Sungai Buloh-Serdang-Putrajaya Line is expected to be ready by mid-2022 and will enhance the accessibility of the area. Vista Danau Kota Residensi Wilayah is a short drive away from the Taman Melati and Wangsa Maju LRT stations.
Vista Danau Kota Residensi Wilayah also has direct access to major expressways including the Middle Ring Road 2 (MRR2), Lebuhraya Duta-Ulu Kelang (DUKE), and Jalan Genting Klang.
Vista Danau Kota Residensi Wilayah is also within close proximity to a number of urban amenities, such as AEON BiG, The Palette by Platinum Victory, Setapak Central Mall, Tunku Abdul Rahman (TAR) University College, and Columbia Asia Hospital.
Within a 10km radius, there are recreational attractions such as the Danau Kota Lake, the refurbished Taman Tasik Titiwangsa, Tasik Sri Rampai, Zoo Negara cultural hotspots such as Istana Budaya, and Balai Seni.
Accessibility
- Middle Ring Road 2 (MRR2)
- Lebuhraya Duta-Ulu Kelang (DUKE)
- Jalan Genting Klang
- LRT Taman Melati
- LRT Wangsa Maju
Education
- SK Danau Kota 2
- SK Danau Kota
- SJK (C) Mun Yee
- SJK (C) Wangsa Maju
- SJK (C) Chong Hwa
- SJK (C) Chiao Nan
- SK Setapak
- SK Taman Setia
- SK Taman Melati
- SMK Danau Kota
- SMK Gombak Setia
- SMK Chong Hwa
- SMK Taman Melati
- Chong Hwa Independent High School
- TARUC
- Malaysia Institute Of Art
- Sri Utama International School
Medical Care
- Columbia Asia Hospital Setapak
- Institut Jantung Negara (IJN)
- Hospital Pusrawi
Shopping
- AEON Big @ The Palette
- Setapak Central Mall
- Platinum Walk
- M3 Mall
- AEON @ Wangsa Maju
- Wangsa Walk
- AEON Big @ Wangsa Maju
- Melawati Mall
Recreation
- Danau Kota Lake
- Tasik Sri Rampai
- Taman Tasik Titiwangsa
- Istana Budaya
- Balai Seni
- Zoo Negara
Analysis
One key plus point is that Vista Danau Kota Residensi Wilayah is located within greater Kuala Lumpur. So, this means an opportunity to live in an affordable place that’s not far from the city centre.
Setapak has seen significant growth over the years, with the development of shopping malls, condominiums, and commercial properties. The population has also grown as Setapak houses a large student population, thanks to the many educational institutions in the area, including TAR University College.
As for retail, Setapak and the neighbouring Wangsa Maju, is home to Setapak Central Mall (formerly KL Festival City), AEON Alpha Angle, Melawati Mall, AEON BiG, and Wangsa Walk Mall.
Platinum Victory’s community-centric commercial hub, The Palette, has also added to the vibrancy of the area.
Here’s a look at residential properties close to / in Setapak.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Vista Danau Kota Residensi Wilayah by Platinum Victory Development Sdn Bhd |
Leasehold |
Residensi Wilayah |
Jan 2025 |
810 sq ft |
RM300,000 |
|
Freehold |
Suites Apartment |
2023 |
689 sq ft – 1,216 sq ft |
From RM329,800 |
|
|
Freehold |
Condominium |
2022 |
822 sq ft – 1,239 sq ft |
From RM299,000 |
|
|
Freehold |
Serviced Residences |
2021 |
657 sq ft – 1,238 sq ft |
From RM420,480 |
|
|
Leasehold |
Service Residence |
2021 |
581 sq ft – 1,318 sq ft |
From RM370,000 |
|
|
PV9 Residences @ Taman Melati by Platinum Victory Development Sdn Bhd |
Leasehold |
Condominium |
2022 |
From 1,000 sq ft |
From RM530,000 |
|
Leasehold |
Condominium |
2023 |
800 sq ft |
RM300,000 |
Summary
Vista Danau Kota Residensi Wilayah is an affordable high-rise residential project under the Residensi Wilayah (formerly known as RUMAWIP) housing scheme by the Ministry of Federal Territories. The developer is targeting first-time homebuyers who would like to be city dwellers living in a cosy place.
The developer also has other upcoming projects that cater to homebuyers under Platinum Victory’s Vista Essential Homes segment.
Here’s the eligibility criteria for Residensi Wilayah:
- Malaysian citizen
- 21 years old and above
- Born, work and live in any of the Federal Territories (Wilayah Persekutuan)
- Single individuals: income of no more than RM10,000 per month
- Married couples: combined income of no more than RM15,000 per month
- For married couples, the husband or wife may apply for Residensi Wilayah. However, only one offer will be given to each household.
Although Residensi Wilayah is an affordable housing initiative, successful applicants are still required to pay to the developer a 10% down payment of the total unit price.
For more information on Residensi Wilayah (RUMAWIP), click here.
For a unit priced at RM300,000, the monthly repayment is approximately RM1,212. This is based on:
- LTV / margin of finance: 90%
- Loan amount: RM270,000
- Loan term: 30 years
- Interest rate: 3.2%
These calculations are based on the PropertyGuru Home Loan Calculator.
To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
Keep browsing Malaysia’s largest property site for more project reviews.
