• Pavither
  • 20 August 2021

Residensi WangsaMas is a leasehold apartment at Jalan Wangsa Delima in Wangsa Maju, Kuala Lumpur. The project was developed by Era Ecoland Sdn Bhd, a subsidiary of Aset Kayamas Group.

This project is under the Residensi Wilayah (previously known as RUMAWIP) programme, and the application was opened on 19 September 2016 and subsequently closed on 25 September 2016. Residensi WangsaMas was completed at the end of 2020. 

ZPPHO.111704806.R800X800

Eligibility is assessed under a priority status, with the following conditions:

  • Malaysian citizen
  • 21 years old and above
  • Born, work, or live in any of the Federal Territories.
  • Priority given to those who do not currently already own property
  • Individual income no more than RM10,000 per month
  • Married couples’ income no more than RM15,000 per month
  • Only one offer of RUMAWIP per household

For more details on Residensi Wilayah, click here.

Address: Lot 28065, Jalan Wangsa Delima, Wangsa Maju, 53300, Kuala Lumpur

Developer: Era Ecoland Sdn Bhd (subsidiary of Aset Kayamas Group)

Property Type: Apartment

Tenure: Leasehold

No. of Storeys: 46

Total Units: 441

Year of Completion: 2020

Built-up Area: 800 sq ft

Facilities:

  • Funeral services (Muslim and Non-Muslim)
  • Tadika
  • Nursery
  • Mail room
  • Multi-purpose hall
  • Shop
  • Laundry
  • Management office
  • Surau
  • Outdoor area
  • Green area / Children’s playground 

Launch Price: RM198,000

Project Details

The 46-storey Residensi WangsaMas comprises 441 apartment units, and each unit has a built-up of 800 sq ft. There are 3 bedrooms and 2 bathrooms per unit, which fits individuals, young couples, and small families.

ZUFP.111704857.R800X800

The corridors are cement rendered, and the corridor with double units will be busier than those with single units. The yard’s floor in units are tiled, and so is the balcony. As for the bathrooms and kitchen, they come with 1.5m height wall tiles.  

Even though it is marketed as affordable homes, Residensi WangsaMas comes with basic facilities including a kindergarten, nursery, multi-purpose hall, surau, and children’s playground, among others.

Features of Residensi WangsaMas:

  • 800 sq ft
  • 3 bedrooms
  • 2 bathrooms
  • 1 covered car park
  • 13 units per floor
Show More

Location

Residensi WangsaMas is located in Wangsa Maju, and that puts residents just about 12km from the KL city centre via the Duta-Ulu Kelang Expressway (DUKE).

The development is also well-served by public transport such as LRT, taxis, and buses. In fact, Residensi WangsaMas has a link bridge to the Sri Rampai LRT station. Residents will have access cards to get on to this link bridge.

Screenshot 2021-08-10 at 5.15.21 PM

The project is adjacent Wangsa Walk Mall, and close to several other malls, including AEON Big Wangsa Maju, AEON Alpha Angle, and Melawati Mall. As for schools, there are many around Residensi WangsaMas (please refer to the list below).

Accessibility

  • Jalan 6/27A
  • Middle Ring Road 2 (MRR2)
  • Jalan Genting Klang
  • Duta-Ulu Kelang Expressway (DUKE)
  • Ampang-Kuala Lumpur Elevated Highway (AKLEH)
  • Sri Rampai LRT Station
  • Wangsa Maju LRT Station

Education

  • Dasein Academy of Art
  • SMK Sek. 5 Wangsa Maju
  • Fairview International School
  • SMK Seri Keramat
  • SMK Lembah Keramat
  • SMK Taman Setiawangsa
  • SMK Taman Seri Rampai
  • SK Setapak Jaya
  • SK Seri Bonus
  • SMK Wangsa Maju Sek. 2
  • Kolej Vokasional Setapak
  • SMK Setapak Indah
  • Tunku Abdul Rahman University College (TARUC)
  • SMK Chong Hwa
  • Malaysian Institute of Arts (MIA)

Medical Care

  • Rampai Puteri Medical Centre
  • Columbia Asia Hospital
  • Gleneagles Hospital

Shopping

  • Wangsa Walk Mall
  • AEON Big Wangsa Maju
  • AEON Alpha Angle Shopping Mall
  • Melati Mall
  • Setapak Central Mall
  • Great Eastern Mall
  • Suria KLCC

Recreation

  • Kompleks Sukan Setiawangsa
  • Basketball court Sri Rampai
  • Lake Titiwangsa
  • Zoo Negara

google maps

Show More

Analysis

Residensi WangsaMas has its location going for it. Amenities are close by, and so are several highways and expressways. The project is opposite Wangsa Walk Mall and the Sri Rampai LRT station, 5 minutes’ drive to DUKE and MRR2, and has easy access to NKVE. Residents can also get to Jalan Ampang, which brings them straight to KL city centre.

The project is also close to TARUC and Malaysian Institute of Arts (MIA), so there’s a potential market for rental to students.

satellite

While there’s an access card for the link bridge, there isn’t one required at the guardhouse or lift. So, security could be a concern for some. As it is an affordable home under Residensi Wilayah, facilities are basic. However, that won’t matter much for those who don’t need or want to use facilities to begin with. While there’s no skirting and the ceiling height is slightly lower at 2.8m (about 9.1 feet), and the corridor is purely cemented instead of tiles, the development is still a good starter home for those who managed to get a unit via the ballot. It’s very much a liveable and decent environment. 

Here’s a look at residential properties in Wangsa Maju.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

Residensi WangsaMas by Era Ecoland Sdn Bhd

Leasehold

Apartment

2020

800 sq ft

RM198,000

Villa Wangsamas by Setapak Heights Development

Freehold

Condominium

2010

1,267 sq ft – 2,562 sq ft

From RM203,888

 

Riana Green East by Elegan Pesona Sdn Bhd

Leasehold

Condominium

2012

790 sq ft – 4,625 sq ft

From RM187,800

Infiniti Residences by Setapak Heights Development

Leasehold

Condominium

2017

1,085 sq ft – 1,518 sq ft

From RM645,000

Seri Riana Residence (Phase 2) by IJM Land

Leasehold

Condominium

2017

1,259 sq ft – 1,830 sq ft 

 

From RM735,000

Seasons Garden Residences by SCP Group

Leasehold

Serviced Apartment

2018

770 sq ft – 900 sq ft

From RM394,200

Irama Wangsa (Block C) by Beneton Properties

Freehold

Condominium

2018

1,206 sq ft – 1,637 sq ft

 

From RM750,000

Wangsa 9 Residency (Tower A) by Mitrajaya Holdings

Freehold

Condominium

2019

1199 sq ft – 2,454 sq ft

 

From RM855,760

 

Lexa Residence @ The Quartz by Beverly Group

Freehold

Serviced Apartment

2019

662 sq ft – 919 sq ft

 

From RM420,000

Henna Residence by Beverly Group, MapleTree and Lai Sun

Freehold

 

Condominium

2021

From 657 sq ft

 

From RM370,000

 

The Hamilton by Aset Kayamas

Leasehold

Condominium

2020

1,000 sq ft – 2,200 sq ft

From RM498,000

Sunway Avila by Sunway Property

Freehold

Serviced Apartment

2023

732 sq ft– 1,227 sq ft

From RM430,000

Sunway Artessa by Sunway Property

Freehold

Serviced Apartment

N/A

1,109 sq ft & 1,303 sq ft

From RM699,000

Show More

Summary

For those who purchased at RM198,000, the estimated loan figures are as follows.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM19,800
  • Loan amount: RM178,200
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM771

Available listings in PropertyGuru in August 2021 show that the asking monthly rental for partially furnished units are approximately RM1,350, while fully furnished units could fetch approximately RM1,800. Thus, those renting units out can cover their monthly repayment to the bank. Calculations for the monthly repayment are based on the PropertyGuru Home Loan Calculator. Use it and play around with the figures!

Units under Residensi Wilayah can’t be sold for 10 years. One might point out that if a property is making positive cashflow, then why not continue to keep it in your property investment portfolio. The good thing about projects under Residensi Wilayah is that units are allowed to be rented out, unlike Program Perumahan Rakyat (PPR) where units are not allowed to be rented out.

Other affordable homes by Aset Kayamas Group include Residensi Riamas in Klang Lama, Residensi Desa Sentralmas, Residensi Razakmas 2, Residensi Kuchaimas in Kuchai Lama, and Residensi Kepongmas 2, among others. They also developed luxury high-rise residences including AXON in Bukit Bintang, The Harmony in Old Klang Road, The Hipster in Taman Desa, The Hermington in Kuchai Lama, The Herz in Kepong, The Holmes 2 in Bandar Tun Razak, The Havre in Bukit Jalil, and several others.

Want to find out your Debt Service Ratio (DSR)?

Use the FREE PropertyGuru Loan Pre-Approval online service. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections. DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for.

* 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.

 

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

Show More
Eric Wong

Pavither

Feedback