Pantai Hillpark is located near the residential enclaves of Bangsar South and Bukit Pantai. This hilltop residence is considered as one of the great successes of property development in the Klang Valley.
Continue Reading ⋅ 19 February 2022
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.
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.
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.
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.
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
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.
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
|
|
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 |
|
Freehold |
Condominium |
2018 |
1,206 sq ft – 1,637 sq ft
|
From RM750,000 |
|
|
Freehold |
Condominium |
2019 |
1199 sq ft – 2,454 sq ft
|
From RM855,760
|
|
|
Freehold |
Serviced Apartment |
2019 |
662 sq ft – 919 sq ft
|
From RM420,000 |
|
|
Freehold
|
Condominium |
2021 |
From 657 sq ft
|
From RM370,000
|
|
|
Leasehold |
Condominium |
2020 |
1,000 sq ft – 2,200 sq ft |
From RM498,000 |
|
|
Freehold |
Serviced Apartment |
2023 |
732 sq ft– 1,227 sq ft |
From RM430,000 |
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.
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.
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