Angkasa Condominiums, Cheras

Review

Pavither
⋅
19 February 2022

Angkasa Condominiums is a freehold condominium nestled in Taman Connaught, Cheras. This project is developed by Connaught Heights Sdn Bhd, a subsidiary of Bonia Cooperation. It was launched in 2002, and was supposed to be completed at the end of 2005.

However, vacant possession was only handed over in June 2006, after a delay of 7 to 8 months.

The condo was developed largely to target the students at UCSI, which is located close by. The development is supported by a decent selection of amenities. A Giant hypermarket is located opposite Angkasa Condominiums, and there are numerous eateries within 500m, such as McDonald’s, cafes, kopitiams, mamaks, and more.

As for facilities within Angkasa Condominiums, there is a badminton court, basketball court, tennis court, and gymnasium. Due to its prime location, accessibility is also a breeze as there are highways leading in and out of the mature area.

Address: Jalan Puncak Gading, Taman Connaught, 56000 Kuala Lumpur

Developer: Connaught Heights Sdn Bhd (subsidiary of Bonia Cooperation)

Property Type: Condominium

Land Title: Residential

No. of Blocks: 3

No. of Storeys: 25

Total Units: Approx. 600

Tenure: Freehold

Year of Completion: 2006

Built-up Area: 920 sq ft – 1,000 sq ft

Facilities:

Cafeteria
Car park
Gymnasium
Mini market
Swimming pool
Tennis court
Badminton court
Basketball court
24-hour security

Launch Price: N/A

Launch Price Per Sq Ft: Around RM130 per sq ft

Maintenance Fee: RM0.18 per sq ft

There are 3 blocks at Angkasa Condominiums, all standing at 25 storeys tall. With 600 units, this development can be classified as high density. The built-ups range from 920 sq ft to approx. 1,000 sq ft. Each unit is a standard one, with 3 bedrooms and 2 bathrooms.

Considering that the towers are up to 25 storeys, the upper floors could enjoy views of the KL skyline, depending on its orientation. Most of the units are tenanted to UCSI students. Therefore, there are quite a number of foreigners and outstationers staying at Angkasa Condominiums.

This freehold development neighbours Puncak Banyan, Sri Cendekia, Taman Taynton View, and Taman Orkid Desa. Puncak Banyan, a medium-cost condominium, is another development by the same developer.

It has been said that the students at UCSI prefer to stay in Angkasa Condominiums which is closer (about 170m) to the university, and well surrounded by an abundance of amenities within short walking distance. Additionally, those who drive would need to make a U-turn to get to Taman Connaught’s business district.

Unit sizes listed on PropertyGuru are:

920 sq ft
925 sq ft
928 sq ft
950 sq ft
980 sq ft
1,000 sq ft

Angkasa Condominiums is located close to UCSI University, and there’s a Giant hypermarket close by as well. Apart from UCSI University, there are several schools located within the vicinity including Sekolah Jenis Kebangsaan (C) Taman Connaught, and Sekolah Kebangsaan Seri Anggerik.

Though it is a high-density condominium, it has a lot to offer to its residents as it lies in the heart of a prime locality with highways leading in and out of the area.

Angkasa Condominiums is served by a network of highways and expressways, such as Shah Alam Expressway (KESAS), East-West Link Expressway (SALAK), Cheras-Kajang Highway, and Middle Ring Road 2 (MRR2).

Besides that, it is a 5-minute drive to the Bandar Tasik Selatan LRT station, which hosts KTM Komuter, Rapid KL LRT, and KLIA Express. Furthermore, the Integrated Transport Terminal for the southern hub is located beside the Bandar Tasik Selatan LRT station.

Here’s how close Angkasa Condominiums is to conveniences:

3 to 5 minutes’ walk to McDonald’s, Giant, IKON Connaught Shopping Mall
8 to 10 minutes’ walk to USCI, banks, clinics, more eateries, and so on
15 to 20 minutes’ drive to MidValley City
20 to 25 minutes’ drive to Kuala Lumpur city centre, KL Sentral

Taman Connaught also hosts one of the longest night markets in Malaysia, stretching for 2km with 700 stalls.

Accessibility

Shah Alam Expressway (KESAS)
Middle Ring Road 2 (MRR2)
East-West Link Expressway (SALAK)
Cheras-Kajang Expressway
KL-Seremban Expressway
Jalan Cheras
Taman Suntex MRT station
Taman Connaught MRT station
Bandar Tasik Selatan LRT station

Education

UCSI University
Geneva International High School
SMK Orkid Desa.
Sekolah Jenis Kebangsaan (C) Taman Connaught
Sekolah Kebangsaan Seri Anggerik
Universiti Tunku Abdul Rahman
Cheras Cempaka International School
REAL Suria Campus

Medical Care

Hospital Universiti Kebangsaan Malaysia
Sunway Medical Centre
Sunway Velocity Medical Centre

Shopping

Giant (Taman Connaught)
IKON @ Connaught
Cheras Leisure Mall
EkoCheras Mall
Cheras Sentral Mall
Giant (Batu 9)
AEON Cheras Selatan
AEON Big Bandar Tun Hussein Onn

Recreation

Royal Selangor Golf Club

Owners of Angkasa Condominiums were understandably upset due to the late handover of vacant possession by the developer. There were also reports that the developer increased the maintenance charges from RM0.12 per sq ft to RM0.18 per sq ft, which is 50 per cent increment from the rate given in the Sale & Purchase Agreement (SPA).

Angkasa Condominiums was developed to target the UCSI student population. There has also been reports of too many foreigners staying there who caused disharmony. Whether these are based on personal bias or actual reported cases, that is unconfirmed.

Here’s a quick look at residential properties in Cheras.

Project	Land Tenure	Property Type	Completion	Built-up	Approximate Launch Price
Angkasa Condominiums by Connaught Heights Sdn Bhd	Freehold	Condominium	2006	920 sq ft – 1,000 sq ft	N/A
Flora Green by SHL Condolidated Berhad	Freehold	Condominium	2000	1,782 sq ft – 2,990 sq ft	From RM480,000
Puncak Banyan by Connaught Heights Sdn Bhd	Freehold	Condominium	2007	800 sq ft – 1,268 sq ft	From RM310,000
Suasana Lumayan by Danau Lumayan Sdn Bhd	Leasehold	Condominium	2015	1,142 sq ft & 1,364 sq ft	From RM245,000
Imperial Residence by Beverly Group	Freehold	Condominium	2015	973 sq ft – 1,457 sq ft	From RM340,000
YOU Residences @ YOU City Cheras by PJD Group	Freehold	Serviced Residence	2015	553 sq ft – 1,453 sq ft	From RM412,000
Shamelin Star by Landmark Zone Sdn Bhd (subsidiary оf Enrа Grоuр Bеrhаd)	Leasehold	Serviced Residence	2016	774 sq ft – 1,587 sq ft	From RM665,000
CloudTree by Zalam Group	Freehold	Condominium	2016	893 sq ft – 2,500 sq ft	From RM350,000
Green Residence @ Cheras 9^th Mile by Binastra Group	Freehold	Condominium	2017	1,127 sq ft – 1,557 sq ft	From RM548 per sq ft
Maxim Residences by Meridian Maxim Sdn Bhd	Leasehold	Serviced Residence	2017	619 sq ft – 1,082 sq ft	From RM362,700
Emerald Residence @ Mahkota Cheras by Cheras Hong Soon Development Sdn Bhd	Freehold	Condominium	2017	1,161 sq ft – 1,316 sq ft	From RM470,000
EkoCheras by Ekovest Bhd	Freehold	Serviced Apartment	2017	596 sq ft – 1,240 sq ft	From RM563,000
V Residence Suites by Sunway Property	Freehold	Serviced Apartment	2018	624 sq ft – 888 sq ft	From RM805,000
Saville@Cheras by MKH Berhad	Freehold	Apartment	2019	1,130 sq ft – 4,670 sq ft	From RM650,000
Emerald Hills by Guocoland (M) Bhd	Freehold	Condominium	2021	840 sq ft – 1,195 sq ft	From RM566,000
UCSI Residence 2 (previously known as Armani Residence) by Golden Armani Sdn Bhd	Leasehold	Apartment	2022	1,200 sq ft & 1,500 sq ft	About RM370 psf

Angkasa Condominiums in the heart of Taman Connaught do provide a decent rental yield, considering the soft market. For units purchased at RM370,000, and rented out at RM1,500 per month, the gross rental yield is approximately 4.86% per annum.

Available listings in PropertyGuru in February 2021 show that the asking monthly rental for 920 sq ft units are from RM1,400 to RM2,200, while purchase prices are asking from RM335,000 to RM410,000.

While Angkasa Condominiums is not the fanciest condo around, but it does meet students’ needs with its facilities and nearby amenities. If you’re interested in purchasing a 920 sq ft unit that’s priced at RM370,000, here are its estimated loan figures.

LTV / margin of finance: 90%
Down payment (10%): RM37,000
Loan amount: RM333,000
Loan term: 30 years
Interest rate: 3.2%
Monthly repayment: RM1,440
Approximate required gross annual income: RM58,000*

* Assumptions: You have no other monthly debt obligations, and 30% of gross income is spent on the home loan. Banks usually loan up to 30% of your gross annual income.

Calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator. Try them out!

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