Angkasa Condominiums, Cheras

  • Pavither
  • 26 February 2021

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.

Angkasa Condominiums is a freehold condominium nestled in Taman Connaught, Cheras

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. 

Angkasa Condominiums is a freehold condominium nestled in Taman Connaught, Cheras

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

Project Details

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. 

Angkasa Condominiums is a freehold condominium nestled in Taman Connaught, Cheras

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.

Angkasa Condominiums is a freehold condominium nestled in Taman Connaught, Cheras

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
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Location

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 a freehold condominium nestled in Taman Connaught, Cheras

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
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Analysis

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 is a freehold condominium nestled in Taman Connaught, Cheras

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 9th 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

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Summary

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.

Angkasa Condominiums is a freehold condominium nestled in Taman Connaught, Cheras

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!

Home loan basics: Know your Debt Service Ratio (DSR)!

DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for. To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Home Loan Pre-Approval tool. It has a 99.9% accuracy, which helps in avoiding loan rejections.

 

Keep browsing Malaysia’s largest property site for more project reviews.

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Eric Wong

Pavither

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