• Pavither
  • 18 January 2021

Villa Wangsamas is a freehold condominium that’s located in Taman Sri Rampai, Wangsa Maju, Kuala Lumpur. It is a high-density development that is surrounded by Desa Putra Condominium, Riana Green East, Rampai Court, Infiniti Residence, and Seri Riana Residences, among others.

It is developed by Setapak Heights Development, and Phase 1 was completed in 2008, while Phase 2 was completed in 2010. The development offers facilities such as 3 swimming pools, 2 barbeque pits, gymnasium, multi-purpose hall, landscaped garden, launderette services, convenience store, cafe, children’s playground, covered parking, and 24-hour security.

Villa Wangsamas is built on elevated land, with views of the KL city centre on one side, and greenery on the other. It comprises a total of 1,317 units, across nine 20-storey towers that were developed in 2 phases – 5 towers in Phase 1, and 4 towers in Phase 2.

The project was launched back in 2005 at about RM160 psf. Early bird purchasers received free air-conditioners, water heaters and kitchen cabinet with their units. There is a FB page for Villa Wangsamas, which seems to be active.

Villa Wangsamas is a freehold condominium that’s located in Taman Sri Rampai, Wangsa Maju, Kuala Lumpur

Address: Jalan Seri Wangsa, Taman Seri Rampai, Wangsa Maju, 53300 Kuala Lumpur

Property Type: Condominium

Land Title: Residential

No. of Blocks: 9

No. of Storeys: 20

Total Units: 1,317

Tenure: Freehold

Year of Completion: 2008 (Phase 1) & 2010 (Phase 2)

Built-up Area: 1,267 sq ft – 2,562 sq ft

Facilities:

  • 3 swimming pools
  • 2 barbeque pits
  • Gymnasium
  • Multi-purpose hall
  • Landscaped garden
  • Launderette services
  • Convenience store
  • Café
  • Children’s playground
  • Covered parking

Launch Price: From RM203,888

Launch Price Per Sq Ft: About RM160 psf

Maintenance Fee: 16 sen psf

Project Details

Villa Wangsamas has a total of 1,317 units, making it a high-density development. Built-up sizes for the units range from 1,267 sq ft (3-bedroom) to 2,562 sq ft (penthouse). The project was developed over 2 phases.

Villa Wangsamas has a total of 1,317 units, making it a high-density development.

Phase 1 consisted of 5 towers which was completed in early 2008, while Phase 2 featured 4 towers and was completed in 2010. All towers are 20-storey high. There are 8 units per floor for the typical units, and 4 units per floor for penthouse units. The units on the ground floor of the typical units come with a bonus of a private garden.

Villa Wangsamas lives true to the rule-of-thumb in property purchase – location, location, location. The condominium is located, next to the Wangsa Maju urban centre, and relatively close to the residential enclave of Setiawangsa. In fact, a quick search online revealed that there are units placed on travel sites for short-term stays, which usually means that the property is close to popular attractions. 

As for residents, they would have to contend with the density of this development. When you multiply the number of units by the number of persons per unit, it can amount a large community. Whether or not that lends to a positive environment, it all depends on the occupants, and well, that’s always debatable.

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Location

Villa Wangsamas is accessible from Jalan Jelatek via Jalan 34/26 and Jalan Wangsamas. Motorists would also be close to Duta-Ulu Klang Expressway (DUKE), Middle Ring Road 2 (MRR2), and Ampang-Kuala Lumpur Elevated Highway (AKLEH). Such a connectivity puts residents within minutes from the KL city centre (KLCC), Ampang and Melawati.

Villa Wangsamas 5

Plus, the Sri Rampai LRT station is just about 10 minutes by foot from the project, and it is a few stops to the Ampang Park and KLCC LRT stations. The Wangsa Maju area is surrounded with many amenities, including schools, kindergarten, malls, convenience stores, eateries, places of worship, and more.

Located just north of KLCC, the area’s neighbours are Sentul, Bandar Tun Razak, Damansara and Bukit Jalil, all of which are easily accessible via the many highways in the area.

Accessibility

  • Duta-Ulu Kelang Expressway (DUKE)
  • Middle Ring Road 2 (MRR2)
  • Ampang-Kuala Lumpur Elevated Highway (AKLEH)
  • Jalan Jelatek
  • Jalan Wangsamas
  • Setiawangsa-Pantai Expressway (SPE – ready in 2020)
  • Sri Rampai LRT station

Education

  • SMK Taman Sri Rampai
  • SK Taman Sri Rampai
  • SK Wangsa Maju Zon R10
  • SMK Zon R1
  • SMK Taman Setiawangs
  • Sekolah Agama Desa Tun Hussein Onn
  • SR Agana Assa Adah Seksyen 1
  • Dasein Academy of Art
  • Integrated Islamic College
  • Fairview International School
  • Sayfol International School
  • Tunku Abdul Rahman
  • Sri Utama International School

Medical Care

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

Shopping

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

Recreation

  • Lake Titiwangsa
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Analysis

For rental yield purpose, there still seem to be a market for Villa Wangsamas. The selling price for 1,267 sq ft units listed for sale on PropertyGuru range between RM438,000 to RM510,000, while the monthly rental range from RM1,600 to RM1,900.

Villa Wangsamas has a total of 1,317 units, making it a high-density development.

So, for a 1,267 sq ft unit purchased at RM470,000, with a monthly rental of RM1,800, the gross rental yield would be 4.59% per annum.

Formula: (12 months’ rent / Property price) x 100%  = % rental yield

Setapak Heights Development Sdn Bhd has also delivered a project in Wangsa Maju called Infiniti Residences @ Wangsa Maju. 

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

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

Villa Wangsamas by Setapak Heights Development

Freehold

Condominium

2010

1,267 sq ft – 2,562 sq ft

From RM203,888

 

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

Infiniti3 Residences by Setapak Heights Development

Leasehold

Condominium

2017

1,085 sq ft – 2,266 sq ft

From RM638,000

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

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Summary

The northeast of Kuala Lumpur city centre (KLCC) consists of Wangsa Maju, and Setiawangsa and Setapak are the products of rapid development in Kuala Lumpur.

 Villa Wangsamas is built on elevated land, with views of the KL city centre on one side, and greenery on the other.

Wangsa Maju itself is surrounded by recreation, and shopping malls such as AEON Alpha Angle, AEON Big, Wangsa Walk, and Giant. There are also international schools, world-class healthcare and education facilities, such as Tunku Abdul Rahman College (TARC), University Tunku Abdul Rahman and Malaysian Institute of Art. These are probably some of the reasons the area has become popular with both owner-occupiers and property investors.

Here are some estimated loan figures for a 1,267 sq ft unit at Villa Wangsamas priced at RM470,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM47,000
  • Loan amount: RM423,000
  • Loan term: 35 years
  • Interest rate: 3.2%
  • Monthly repayment: RM1,675
  • Approximate required gross annual income: RM68,000*

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

If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. 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!

* 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.

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Eric Wong

Pavither

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