Residensi MH Platinum 2, Setapak

  • Pavither
  • 25 November 2020

MH Platinum Sdn Bhd’s latest property venture, MH Platinum 2 Residences, is a 4.72-acre project in Setapak. The residential development nestles in a prime location with a myriad of surrounding amenities in the mature township, including public transportation (LRT stations), shopping malls, healthcare, recreational, and education institutions.

The leasehold MH Platinum 2 Residences is inspired by East and West influences, where the courtyard provides residents a serene private enclave. There are also a host of urban and leisure facilities, including swimming pools, BBQ area, lounge decks, hammock garden, sunset deck, and fitness facilities such as a jogging track and a reflexology path.

MH Platinum 2 Residences is located along Jalan Usahawan 6, and it is close to the Royal Selangor Pewter visitor centre.

Image source from MH Platinum

MH Platinum 2 Residences’ offers great access from all parts of Kuala Lumpur, and it is just a short distance from landmarks such as KLCC and KL Sentral.

MH Platinum 2 Residences is a collaboration between MH Group and Platinum Victory, and the sales gallery was launched on 1 October 2020.  Visitors are advised to make a prior appointment for a more personalised tour experience.

Address: Jalan Usahawan, Setapak, Kuala Lumpur

Property Type: Service Apartment (Strata)

Land Title: Commercial

Development Area: 4.728 acres

Total Units: 1,254 (Block A – 418 units, Block B – 418 units, Block C – 418 units)

Tenure: Leasehold

Sales Gallery: Persiaran Pertahanan, Wardieburn Camp, 53100 Wilayah Persekutuan, Kuala Lumpur

Year of Completion: N/A (Launched in Oct 2020)

Built-up Area: 663 sq ft – 857 sq ft

Facilities:

  • Gymnasium
  • Entertainment hall (TV room)
  • Children’s playground
  • Children’s pool
  • Guest lounge deck
  • Reflection pool
  • Swimming pool
  • Spa pool
  • Cabana
  • Hammock garden
  • Landscape area
  • Multi-purpose hall
  • Sunset deck
  • Barbeque area
  • Lounge
  • Laundrettes
  • Shops
  • Surau
  • Maintenance office
  • Management office
  • Sauna
  • Cafeteria
  • Jogging track
  • Outdoor fitness
  • Reflexology

Launch Price: From RM318,500

Project Details

There are 3 blocks, with a total of 1,254 units. Each block will have 418 units. The unit sizes are all below 900 sq ft, which makes it ideal for young adults, couples and small families.

There are 3 blocks, with a total of 1,254 units. Each block will have 418 units

Image source from MH Platinum

Units with views, will either get one of the following – pool view, Wangsa Maju, Setapak, KL City Centre, or landscape.

Unit Types

Built-Up

Launch Price

Type A / A1

·       663 sq ft

·       2 bedrooms

·       2 bathrooms

From RM331,500

Type B / B1

·       692 sq ft

·       3 bedrooms

·       2 bathrooms

From RM318, 500

 

Type C / C1

·       821 sq ft

·       3 bedrooms

·       2 bathrooms

From RM318, 500

 

Type D / D1

·       857 sq ft

·       3 bedrooms

·       2 bathrooms

N/A

The leasehold MH Platinum 2 Residences is inspired by East and West influences, where the courtyard provides residents a serene private enclave

Image source from MH Platinum

Show More

Location

MH Platinum 2 Residences is located along Jalan Usahawan 6, and it is close to the Royal Selangor Pewter visitor centre. Residents and visitors can join in the pewter-craft workshops, visit its museum, and stop by the café.

MH Platinum 2 Residences is located along Jalan Usahawan 6, and it is close to the Royal Selangor Pewter visitor centre.

Image source from MH Platinum

Another attraction is Air Panas in Jalan Genting Kelang, Setapak. The name is from area’s natural thermal pools back in the 1960s and 1970s. Even though the hot springs is not a popular as before, you can still find a pool in the compound of Resource Springs Apartment. The hot spring is opened daily from 7am to 8pm, and the entry fee is RM2.

As for accessibility, residents will enjoy easy access to major highways including the Duta-Ulu Kelang Expressway (DUKE), Middle Ring Road 2 (MRR2), Ampang-Kuala Lumpur Elevated Highway (AKLEH), and the under-construction DUKE 3 (Setiawangsa Pantai Expressway).

The upcoming Sungai Buloh-Serdang-Putrajaya MRT (mass rapid transit) line will include a station at Sentul West, which is close to Setapak. This accords residents in Setapak with greater accessibility.

Accessibility

  • Jalan Usahawan 6
  • Jalan Genting Klang
  • Duta-Ulu Kelang Expressway (DUKE)
  • Proposed Setiawangsa-Pantai Expressway (DUKE 3)
  • Middle Ring Road 2 (MRR2)
  • Ampang-Kuala Lumpur Elevated Highway (AKLEH)
  • LRT Kelana Jaya Line (Wangsa Maju station) 
  • LRT Kelana Jaya Line (Sri Rampai station)  

Education

  • SJK (C) Wangsa Maju
  • Sri Utama International School
  • SJK (C) Mun Yee
  • SMK Danau Kota
  • SMJK Chong Hwa
  • SRJK (C) Chong Hwa
  • SK Danau Kota
  • SK Setapak
  • Universiti Teknologi Malaysia
  • SMK Gombak Setia
  • TAR University College 3km
  • SK Taman Melati
  • Malaysia Institute of Art 3km
  • Fairview International School

Medical Care

  • Rampai Puteri Medical Centre
  • Columbia Asia Hospital
  • Hospital Angkatan Tentera Tuanku Mizan
  • Damai Service Hospital
  • Hospital Pusrawi
  • Institut Janting Negara (IJN)
  • Hospital Kuala Lumpur
  • KPJ Tawakkal Specialist Hospital

Shopping

  • Giant Hypermarket Setapak 1km
  • Rampai Business Park 1km
  • PV 128 1km
  • NSK Wangsa Maju
  • Setapak Central Mall
  • Platinum Walk
  • The Palette
  • AEON Alpha Angle
  • Wangsa Walk Mall 3km
  • AEON Big Wangsa Maju
  • Giant Ulu Kelang
  • Melawati Mall 8km
  • AEON Mall AU2
  • Suria KLCC

Recreation

  • Royal Selangor Visitor Centre
  • National Art Gallery
  • Istana Budaya
  • Royal Selangor Golf Club
  • Titiwangsa Golf Course
Show More

Analysis

Setapak is mostly populated students, as it is home to many educational institutions there, such as Tunku Abdul Rahman University College, Universiti Teknologi Malaysia, Malaysia Institute of Art, Institute of Childhood Education-Studies & Community Education, VTAR Institute, Malaysian Institute of Art, Dasein Academy of Art, AlDiwan International Centre for Teaching Arabic and many more. With this, rental prospects should remain healthy.

The leasehold MH Platinum 2 Residences is inspired by East and West influences, where the courtyard provides residents a serene private enclave

Image source from MH Platinum

The population in Setapak have also increased over the years, following the development of condominiums, shopping malls and commercial properties. Shopping malls such as Setapak Central Mall (formerly KL Festival City), AEON Alpha Angle, Melawati Mall, AEON BiG and Wangsa Walk Mall cater for the residents of Setapak and Wangsa Maju.

Here’s a look at residential properties within or close to Setapak.

Project

Land Tenure

Unit Type

Completion

Built-up

Approximate Launch Price

MH Platinum 2 Residences by MH Platinum Sdn Bhd

Leasehold

Service

Apartment

N/A

663 sq ft – 857 sq ft

From RM318,500

SkyAwani 4 Residence by Skyworld Development Sdn Bhd

Leasehold

Condominium

 

2023

 

800 sq ft

From RM300,000

PV9 Residences @ Taman Melati  by Platinum Victory Development Sdn Bhd

Leasehold

Service Residence

2022

 

850 sq ft – 1,300 sq ft

From RM530,000

Bennington Residences by Bennington Development Sdn. Bhd.

Leasehold

Condominium

 

2019

1,092 – 1,570 sq ft

 

From RM589,680

 

Residensi Vista Danau Kota by Platinum Victory Development Sdn Bhd

Leasehold

 

Apartment

2023

810 sq ft

From RM300,000

PV18 Residence by Platinum Victory Development Sdn Bhd

Leasehold

Condominium

 

2021

 

1,021 sq ft – 1,219 sq ft

From RM473,000

Kenwingston Platz by Kenwingston Sdn Bhd

Freehold

Serviced Apartment

2023

650 sq ft – 1,010 sq ft

From RM350,000

Show More

Summary

One of the factors that make Setapak an attractive place to live in is the short distance to the city centre, while property prices are much lower than the city centre.

The leasehold MH Platinum 2 Residences is inspired by East and West influences, where the courtyard provides residents a serene private enclave

Image source from MH Platinum

If you’re looking at a MH Platinum 2 Residences unit priced at RM320,000, the monthly repayment is approximately RM1,141. This is based on:

  • LTV / margin of finance: 90% (10% down payment)
  • Loan amount: RM288,000
  • Loan term: 35 years
  • Interest rate: 3.2%
  • Approximate required gross annual income: RM37,500*

These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.

* 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.

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.

Show More
Eric Wong

Pavither

Feedback