Service Residence

Palazio

81100, Johor


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Property details

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Service Residence

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Freehold Tenure

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Completion in 2013

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1160 total units

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RM 342 - 643 PSF

Residential Listings

Sale price starting from

RM 235,000

Rental price starting from

RM 1,100

About Palazio

Palazio

Palazio is a freehold, high-density service residence located off Jalan Austin Perdana 3, Johor Bahru, Johor. This modern-design project was developed by Malaysia Land Properties Sdn. Bhd. in three phases. The first phase consists of Oakwood and Pinewood, the second phase has Maple and Mulberry, and the third phase consists of Alderwood and Cedarwood.

Concept

Palazio is among the serviced apartment pioneers in Tebrau, Johor Bahru and has been home to many who consider convenience as a key factor in their lifestyles. Its proximity to Sunway College and the fact that the rental prices of the units are very fair for low-income earners due to the relatively small built-up areas make the property an ideal residence for the students of the college. Better yet , the wide array of facilities including a gym, Jacuzzi, badminton court, sauna, kid’s playground, multi-use hall, swimming pool, barbeq ue pits, tennis court, basketball and mini-mart, increases its rental as well as purchase demand.

Accessibility and Amenities near Palazio

Palazio apartment is a convenient place to stay, especially for young families or singles working in or near Johor Bahru city centre, thanks to its connection to major roads. Besides, public means of transport are available in the vicinity, and this makes commuting to and from the property easy even for those people who don’t have personal cars.

Standing along Jalan Austin Perdana 3, about 10 kilometres from Johor Bahru city centre, Palazio is easily accessible through to Jalan Mutiara Emas Utama as well as Jalan Pandan, the latter further connecting it to Pasir Gudang Highway. Being a six-minutes walk to a taxi stand and 18 minute walk to Johor Jaya Bus Terminal, the accessibility of the property is easy even when one doesn’t have a private means of transport.

This service residence is in proximity to numerous amenities, including education institutions, places of worship (mosques and churches), recreational venues like Austin Hill Golf Course, Hospital Sultan Ismail, and shopping venues.

Facilities and Project Details

Standing on freehold land, Palazio was developed in three phases and contains 1,160 units in total housed in its six 14-storey tall blocks. The construction of Palazio was completed in 2014, and the development was done in three phases.

  • Tower A1 - Oakwood (Phase 1)
  • Tower A2 - Pinewood (Phase 1)
  • Tower B1 - Maple (Phase 2)
  • Tower B2 - Mulberry (Phase 2)
  • Tower C1 - Alderwood (Phase 3)
  • Tower C2 - Cedarwood (Phase 3)

Some units are small, each with a total built-up size of 484 sq ft, while others are medium-size, each having a total built-up size of 1,097 sq ft. In a nutshell, the units come in five different layouts; A1, A2, A4, B2, and C1.

  • Type A1 - Studio (484 sq ft )
  • Type A2 - Studio (484 sq ft ) with balcony
  • Type B1 - Studio (538 sq ft )
  • Type C1 - 2 + 1 Room (1,097 sq ft )

Units in this service residence come with built-up areas ranging from 484 sq ft -1,097 sq ft , each of them equipped with a bathroom or 2. Life in this property is marked with great convenience as the residents are spoilt with a wide range of facilities including gym, Jacuzzi, badminton court, sauna, kid’s playground, multi-use hall, swimming pool and barbeque pits. Additionally, the development is near many amenities including schools and places of worship to restaurants and supermarkets.

Schools/Colleges/Education Institute

The nearest education institutions include SMK Taman Desa Tebrau, Austin Heights Schools, Sekolah Jenis Kebangsaan (T) Ladang Mount Austin, SMK Taman Mount Austin, SK Taman Daya 3, SMK Taman Pelangi Indah, SK Kangka Tebrau and Sunway College is also nearby.

Medical Centres

Some of the well-known clinics nearby are Sultan Ismail Health Clinic, Family Health Clinic, MyClinic, Kempas Medical Centre and many more.

Shops/Shopping Malls

There are many shopping malls nearby the development, such as Toppen Shopping Centre, The Mall Mid Valley Southkey, AEON Mall Tebrau City, Giant Plentong Mall and many more.

Restaurant/Eateries

Some of the famous restaurants nearby Palazio includes:

  • Mexicano House
  • Basilico Restaurant
  • One Two Eat Cafe Mount Austin
  • Masala Grill Cuisine
  • Mizu Restaurant
  • Warakuya Japanese Restaurant

Palazio Developer

The developer of this fantastic development is Malaysia Land Properties Sdn. Bhd. (Mayland Group of Companies). Some of their well-known projectsinclude Hampton Damansara, Dorsett Residences Sri Hartamas and One Stonor.

Palazio Launch Details

The launch prices of the units range from RM98,888 to RM259,484. The first people to buy units in this property were given a price discount of 10%. That’s not the only luck the initial buyers had; those who were interested in owning a unit here before the project was completed were required by the developer to pay a booking fee of RM2,000 as part of the Developer Interest Bearing Scheme (DIBS). They’d then finalis e the payments later upon the completion of the development.

Some of the developments nearby the Palazio apartment are Precinct Arista 2 @ Taman Gaya, Rini Homes 7, Taman Sutera Utama, TUTA Villa III @ Taman Ungku Tun Aminah, Iconia Garden Residence @ Taman Impian Emas and The Garden Residences.


Common facilities

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24-hour security

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Badminton hall

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Basketball court

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Cafe

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Gym

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Landscaped Garden

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Laundry

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Multi-purpose hall

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Playground

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Retail stores

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Sauna

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Swimming pool

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Tennis courts


Building details

Building# Floors# Units
Building @ Jalan Mutiara Emas 9/23, Taman Mount Austin 81100N/A1160
Building @ - 81100N/A1154





Customer reviews

5.0 out of 5

Based on 1 review

Richard Tan (1 Review)

27 February 2014

High potential property

When buying property, it's always location, location, and location. Reputable location, convenient, approx 20 mins to CIQ, etc. Good rental - service apartment with full facilities, modern living and good security. Highly sought after property - currently very much undervalue even in comparison with other similar property within the vicinity. Unblock view - magnificently million dollars view from high floor facing city. High investment value - regular rental income $1300 pm = 6.25%. Prospect of getting $1500 pm as per current trend = 7.2% pa On the upside of current $250,000 / 484 = $516 psf. Estimate valuation based on other similar property developer price @$600 psf before completion. Property undervalue by at least $50,000 - fair valuation based on 484 sqf = $300,000 Rumors on new release unit by developer @$280,000 minimum price with car park to be sold separately at $25,000 each. This works out to be $305,000 direct from developer price. Other property launch by other developer comes with guarantee return of 7%pa. Given on Palazio $300,000 x 7% = $1750 pm on rental return If $300,000 x 6% = $1500 pm on rental return Note: every higher level is additional of $2000 - meaning the upper level at level 14 is $28,000 difference.



FAQs

Selling prices in Palazio start from RM 235,000.
The current PSF range in Palazio start from RM 342.
Rental prices in Palazio start from RM 1,100.
Palazio is located at Johor.
Residential Listings

Sale price starting from

RM 235,000

Rental price starting from

RM 1,100
Residential Listings