Vue Residences, Titiwangsa

Review

Pavither
⋅
25 March 2021

Vue Residences is located along Jalan Pahang, in the Titiwangsa area. The single-block serviced apartment was developed by Prinsiptek Corporation Berhad. It was completed in 2013, with a gross development value (GDV) of RM130 million.

Having recreation facilities is always a plus, especially when one lives in the city. At Vue Residences, residents can choose to unwind at the swimming pool, jacuzzi, gymnasium, games room, or take the lift to the rooftop garden where a sky terrace offers panoramic views of the KL city skyline.

This freehold serviced apartment is adjacent to Kuala Lumpur Hospital, and it neighbours Vistana Residences, Titiwangsa Sentral Condominium, The Orion and Setia Sky Residences.

Address: Jalan Pahang, Titiwangsa Sentral, 53000, Kuala Lumpur

Developer: Tanah Perangsang Sdn Bhd (subsidiary of Prinsiptek Corporation Bhd)

Property Type: Serviced Apartment

Land Area: 0.7 acres

Land Title: Residential

No. of Blocks: 1

No. of Storeys: 24

Total Units: 272

Tenure: Freehold

Year of Completion: 2013

Built-up Area: 500 sq ft – 1,003 sq ft

Facilities:

Indoor lap pool
Children’s wading pool
Jacuzzi
Sauna
Changing room
Childcare centre
Playground
Games room
Multi-purpose hall
Gymnasium
Laundrette
Pool deck
Pool terrace
Barbeque area
Roof top garden

Launch Price: From RM370,600

Launch Price Per Sq Ft: About RM740 per sq ft

Maintenance Fee: N/A

Vue Residences is developed on just 0.7 acres of freehold land, and it stands at 24 storeys high. It has 272 units in total, and units range from studio to 3-bedroom, with built-ups from 500 sq ft to 1,003 sq ft.

These suites are suitable for professionals and business people working in the city, as well as those who prefer city living.

There is a recreational floor, 5-storey car park, 2-storey retail podium, and 2-level basement car park with a total of 325 car park bays. On the 2-level commercial podium, there are 8 retail units with a nett lettable area of 10,000 sq ft.

According to the developer, these units are not for sale as they plan to control the tenant mix. As for security, there’s CCTV surveillance and security guards.

The best thing about Vue Residences is its central location. It is close to the pulse of KL city centre, just minutes away from the Petronas Twin Towers, Bukit Bintang, Chinatown, and the historic part of the city.

The launch price of Vue Residences started from approximately RM370,600. During its launch, the developer offered an early bird promotion that included free legal fees on the Sale & Purchase Agreement, and discounts of up to 10%.

Unit Types	Built-Up	Launch Price
Type A	· 500 sq ft · 1 bedroom · 1 bathroom	From RM370,600
Type B	· 726 sq ft · 2 bedrooms · 1 bathroom
Type C	· 737 sq ft · 2 bedrooms · 1 bathroom
Type D	· 1,003 sq ft · 3 bedrooms · 2 bathrooms · 1 store room

Vue Residences is strategically located within the KL city centre. It is just opposite Kuala Lumpur Hospital, and close to Sentosa Medical Centre, National Heart Institute (IJN), Pusrawi Hospital, and Damai Specialist Hospital. They are about a 10- to 15-minute walk away.

Medical centres aside, there are plenty of leisure options nearby. All kinds of eateries, night entertainment, shopping malls, and tourist attractions, are all close to Vue Residences.

For example, there’s the KLCC park, shopping haven in Bukit Bintang, Malaysian Philharmonic Orchestra, Istana Budaya, National Art Gallery, and Titiwangsa Lake Gardens, that the occupants can get to for a good time-out.

As for accessibility, there’s the SMART tunnel, Jalan Tun Razak, Duta-Ulu Kelang Expressway (DUKE), the Federal Highway, Jalan Pahang, and Jalan Tun Razak. Want to skip driving?

Then, there are several stations such as the Titiwangsa LRT stations, Titiwangsa monorail station, and Chow Kit Monorail station. The property is also a short distance from the Pekeliling bus station.

Accessibility

Pekeliling bus station
SMART tunnel
Jalan Tun Razak
Duta-Ulu Kelang Expressway (DUKE)
Federal Highway
Jalan Pahang
Jalan Tun Razak
Titiwangsa monorail station
Chow Kit monorail station
Titiwangsa LRT station

Education

Binary College
Perdana University Clinical Centre
President College KL
The Regency College
Universiti Kebangsaan Malaysia KL Campus
Universiti Utara Malaysia Kampus KL
Asrama SMK Titiwangsa
Maxwell School
SK Methodist Sentul
Wesley Methodist School KL

Medical Care

Damai Service Hospital (HQ)
Kuala Lumpur Hospital
Sentul Medical Centre
National Heart Institute (IJN)
Pusrawi Hospital
KPJ Sentosa KL Specialist Hospital
KPJ Tawakkal KL Specialist Hospital
Lourdes Medical Centre

Shopping

Fahrenheit 88
Lot 10
Pavilion Kuala Lumpur
Suria KLCC
Starhill Gallery
Berjaya Times Square
Sungei Wang Plaza

Recreation

KLCC Park
Malaysian Philharmonic Orchestra
Istana Budaya
National Art Gallery
Kuala Lumpur Performing Arts Centre
Titiwangsa Lake Gardens
Sentul West Park

Vue Residences is Prinsiptek Corporation Bhd’s second development after the 2-storey terrace houses development in Melaka, which has a total of 74 units. Besides Vue Residences, other projects by the developer include 2½-storey terrace houses in Bandar Baru Bangi, Seri Kembangan, and Shah Alam.

Prinsiptek Corporation Bhd doesn’t seem to have a website, and might seem like an unknown developer. However, the company has experience in the construction industry. They have completed high-rise hotels, staff quarters for Genting, rehabilitation of abandoned projects for Selangor, and other projects in Taman Equine, Shah Alam, and Putrajaya.

The sale price of a 726 sq ft unit listed on PropertyGuru in March 2021 is from RM500,000 to RM580,000. On the other hand, rent is between RM1,300 and RM2,000 per month. Here’s its gross rental yield:

Purchase price: RM500,000
Rent out: RM1,500 per month
Gross rental yield: About 6% per annum

Here’s a look at residential properties in KL.

Project	Land Tenure	Property Type	Completion	Built-up	Approximate Launch Price
Vue Residences by Prinsiptek Corporation Berhad	Freehold	Serviced Residence	2013	500 sq ft – 1,003 sq ft	From RM370,600
Titiwangsa Sentral Condominium by Monoland Corp Sdn Bhd	Freehold	Condominium	2011	950 sq ft – 1,250 sq ft	From RM250,000
Setia Sky Residences by SP Setia	Freehold	Serviced Residence	2011	990 sq ft – 1,755 sq ft	From RM700,000
Seri Riana Residence by IJM Land Bhd	Leasehold	Condominium	2016	1,259 sq ft – 1,967 sq ft	From RM618,000
Ascenda Residence @ SkyArena Setapak by SkyWorld Development Sdn Bhd	Leasehold	Condominium	2017	903 sq ft – 1,470 sq ft	From RM349,900
The Reach @ Titiwangsa by Binastra Land Sdn Bhd	Freehold	Condominium	2017	1,368 sq ft – 2,685 sq ft	From RM820,000
Tropicana The Residences, KLCC by Tropicana Corporation Berhad	Freehold	Serviced Residence	2018	710 sq ft – – 1, 604 sq ft	From RM1.6 million
Eko Titiwangsa by Ekovest Bhd	Freehold	Serviced Apartment	2018	820 sq ft – 1,340 sq ft	From RM590,400
Eaton Residences by GSH Corporation Limited	Leasehold	Serviced Residence	2020	635 sq ft – 2,982 sq ft	From RM1.13 million

Prinsiptek Corporation Berhad (PCB) was incorporated in 2002, and was listed on the Second Board of Bursa Malaysia the following year.

In July 2005, PCB was transferred to the Main Board of Bursa Malaysia. The PCB Group has about 20 companies, and its principal activities are mainly construction and property development.

Titiwangsa was designed to have a low density of homes in its surrounding area. It is an ideal location for families who enjoy their privacy and seclusion. Plus, there are adequate education facilities in the area.

The town is also connected to cities and townships around it through major highways such as Genting Klang–Pahang Highway, and Middle Ring Road 1 (MMR1). These connect Titiwangsa to Sentul, KLCC, and Setapak.

If you’re interested in a 726 sq ft unit at Vue Residences that’s priced at RM500,000, here are its estimated loan figures.

LTV / margin of finance: 90%
Down payment (10%): RM50,000
Loan amount: RM450,000
Loan term: 30 years
Interest rate: 3.2%
Monthly repayment: RM1,946
Approximate required gross annual income: RM78,000*

Calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator. Try them to estimate the figures that are right for you!

Want to find out your Debt Service Ratio (DSR)? Use the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income

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