Quinn Residence is located in Wangsa Maju, and it is developed by MCL Land Malaysia. Sited on a 1.68-acres land, the project’s backdrop is the KL city skyline and the world’s longest quartz ridge.
Continue Reading ⋅ 13 September 2021
One of Residensi Wilayah’s projects in the Federal Territories, Residensi Pandanmas, which began construction in 2014, was completed nine months ahead of schedule. The project’s units, which measure 850 sq ft and 900 sq feet and come with three bedrooms and two bathrooms, cost just RM280,000.
This project is part of the government’s initiative to ease the burden of low and middle-income buyers (B40 and M40). Back then, it was mentioned that the market price for similar units elsewhere could reach up to RM500,000 – but with the programme, buyers can get new units for below RM300,000.
Single individuals with monthly incomes of less than RM10,000, or married couples with household incomes of less than RM15,000, are entitled to register for the project. Buyers must also be Malaysians, aged 18 years and above, and either work or reside in the Federal Territories.
Residensi Pandanmas 2 made its debut in 2014, and it is developed by Faber Vista. For residents who frequently head out of the city, major highways are within 5km. Besides its strategic location and amenities, residents will also be close to supermarkets, schools, restaurants, and malls.
Residensi Pandanmas 2 has 3 blocks of apartments, over 8.71 acres of leasehold land. The units have a spacious living room, with a balcony. A multi-level covered car parking facility is offered to residents and each unit will get an individual car parking bay. Purchasers also had an option to design their own apartment. The developer provided some catalogues to choose the design, where purchasers could customise the layout according to their wish.
Address: Lorong Delapan, 55100 Kuala Lumpur
Property Type: Apartment
Land Title: Residential
No. of Blocks: 3
No. of Storeys: 40
Total Units: 1,920
Tenure: Leasehold
Year of Completion: 2019
Built-up Area: 900 sq ft
Facilities:
- Swimming pool
- Gymnasium
- Multi-purpose hall
- Nursery
- Daycare
- Kid’s play area
- Playground
- Games room
- Clubhouse
Launch Price: RM300,000
Launch Price Per Sq Ft: RM333 psf
Project Details
Residensi Pandanmas 2 was an opportunity to invest and own in a home in the golden triangle from only RM300,000. Each unit comes with 1 car park.
The leasehold apartment has 3 high-rise towers standing at 40 storeys each. There is a total of 1,920 units, and unit size is 900 sq ft. This is quite the buyer’s pick, especially for those seeking apartments in and around the Pandah Indah area.
Amenities provided for residents include a swimming pool, wading pool, community hall, a multi-purpose hall, clubhouse, covered car parking, nursery, daycare for children, kids’ play area, a playground, gymnasium, games room, and clubhouse. Additionally, this apartment comes with perimeter fencing, for better security.
Residensi Pandanmas 2, at a glance:
- 900 sq ft
- 3 bedrooms
- 2 bedrooms
- 1 covered car park
Location
Residensi Pandanmas 2 is easily accessible to the other parts of the city through Middle Ring Road 2 (MRR2), Lebuhraya Sungai Besi (Besraya Expressway), Ampang–Kuala Lumpur Elevated Highway (AKLEH), Maju Expressway (MEX), SMART Tunnel, and the Kuala Lumpur-Seremban Expressway.
The apartment’s residents can access Lorong Delapan via Jalan Thaver from Jalan Kampung Pandan and through the Jalan 1 and Jalan Kanan 2 from the MRR2. The nearest MRT stations are at Pandan Indah and Cempaka.
All kinds of facilities are located close to Residensi Pandanmas 2. There are schools, colleges, educational institutions, shopping malls, hospitals, clinics, petrol stations, government offices, grocery shops, departmental stores, restaurants and cafes, and many more. In fact, Tesco Ampang is located just behind Residensi Pandanmas 2.
Maluri is a short drive away from Residensi Pandanmas 2, and that area has more amenities and conveniences for residents.
Accessibility
- Middle Ring Road 2 (MRR2)
- Lebuhraya Sungai Besi (Besraya Expressway)
- Ampang–Kuala Lumpur Elevated Highway (AKLEH)
- Maju Expressway (MEX)
- SMART Tunnel
- Kuala Lumpur-Seremban Expressway
- Pandan Indah MRT station
- Pandan Jaya LRT station
- Taman Maluri LRT station
Education
- SM Pandan Jaya
- SM St. Gabriel
- SMK Aminuddin Baki
- SMK Taman Maluri
- Taylor’s International School Kuala Lumpur
Shopping
- Tesco Ampang
- AEON Taman Maluri
- MyTOWN Shopping Centre
- Sunway Velocity Shop Mall
- Suria KLCC
- Berjaya Times Square
Recreation
- The Royal Selangor Golf Club
- The Royal Selangor Polo Club
Analysis
If you’re buying your first home and seek one that is affordable, easily accessible and convenient, Residensi Pandanmas 2 could be ideal for you.
The monthly rent for a unit listed on PropertyGuru in January 2021 ranges from RM1,100 to RM1,600. Therefore, the gross rental yield for a unit rented out at RM1,400 would be 5.6% per annum.
Here’s a quick look at residential properties in or close to Desa Pandan.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Residensi Pandanmas 2 by Faber Vista Sdn Bhd |
Leasehold |
Apartment |
2019 |
900 sq ft |
RM300,000 |
|
Residensi Pandanmas by Faber Vista Sdn Bhd |
Leasehold |
Apartment |
2017 |
850 sq ft & 900 sq ft |
RM280,000 |
|
G Residence by Sin Heap Lee and Tan & Tan Development |
Leasehold |
Serviced Apartment |
2015 |
1,410 sq ft – 3,315 sq ft |
From RM857,000 |
|
Sentrio Suites by Hua Yang Group |
Leasehold |
Apartment |
2017 |
570 sq ft – 1,230 sq ft |
From RM428,400 |
|
Sri Angsana Hilir by Kabra Holding |
Leasehold |
Serviced Apartment |
2013 |
1,042 sq ft – 1,266 sq ft |
From RM250,000 |
|
Mutiara Upper East by Mutiara Goodyear Development |
Leasehold |
Condominium |
2008 |
1,281 sq ft – 6,319 sq ft |
From RM1 million |
|
Desa Pandan Apartment |
Leasehold |
Apartment |
N/A |
923 sq ft |
From RM195,000 |
Summary
Overall, Residensi Pandanmas 2 is a great deal to the buyers who are looking an affordable budget-friendly apartment with facilities in its compound, and amenities close by. Other developments by Faber Group include Armada Villa at Taman Desa, Faber Indah at Old Klang Road, Faber Heights at Taman Desa, Danau Idaman at Taman Desa, Danau Impian at Old Klang Road, and more. Faber Group has had a presence in Taman Desa for more than 4 decades.
Here are some estimated loan figures for a Residensi Pandanmas 2 unit priced at RM300,000.
- LTV / margin of finance: 90%
- Down payment (10%): RM30,00
- Loan amount: RM270,000
- Loan term: 35 years
- Interest rate: 3.2%
- Monthly repayment: RM1,069
These calculations are based on the PropertyGuru Home Loan Calculator.
More about Residensi Wilayah here:
- What Is RUMAWIP (Residensi Wilayah) And How Do I Apply For It?
- If You’re On The Lookout For An Affordable Home, Here’s A Guide Just For You!
- A Comprehensive Guide to PR1MA, PPAM, My First Home Scheme, MyHome, Rumah Selangorku and RUMAWIP (Residensi Wilayah)
- RUMAWIP Branding No Longer Used For Affordable Housing Matters
