Jade Tower, Ampang
Jade Tower is a a leasehold condominium located in the prime area of Ampang. It is located only 20 minutes away from the city centre of Kuala Lumpur, making it a highly sought after home. It is located approximately 40 minutes away from Petaling Jaya, while the Kuala Lumpur International Airport (KLIA) is approximately an hour away.
Jade Tower comprises of two separate blocks of 12 storeys, with average layouts of approximately 790 sf to 850 sf. It is a highly suitable home for small to medium sized families with its 3 bedrooms and 2 bathrooms, with rental prices of at least RM1,000 per month and subsale prices of between RM200,000 and RM240,000.
As Jade Tower is one of the older developments in the vicinity, it is only to be expected that it is a fully occupied residency. As such, all units for sale are at least partially furnished, with the bare minimums of sanitary ware in the bathrooms and built-in kitchen cabinets. Very commonly available as well is additional safety grills.
Residents of Jade Tower are provided with the bare minimum of condominium facilities such as a swimming pool and children's pool, as well as 24-hour security and lifts. Also available is the resident mini mart, parking lot and tennis court, while unwanted walk-in visitors are weeded out with the access card entry system.
Located in a well established area, Jade Tower is only within 2 kilometres from the Spectrum Shopping Mall which hosts a Giant hypermarket, while plenty of schools are within short driving distance, including a few that are within walking distance. The closest medical centre is the Gleneagles Intan Medical Centre that is only 10 minutes away.
Jade Tower is one of the more well located condominiums in the area with the main trunk road Jalan Bukit Indah Utama providing easy accessibility to many highways such as the Ampang - Kuala Lumpur Elevated Highway (AKLEH), Duta - Ulu Kelang Expressway (DUKE) and the Cheras - Kajang Highway. Public transportation is also highly convenient with the bus stop located on the main road, within easy walking distance of the condominium.
Jade Tower is considered to be a very well located condominium close to the city of Kuala Lumpur. Its location is however also has its disadvantage, as traffic is a serious issue in the city centre. As such, residents may well expect to see mild congestion at all times of the day, where traffic during peak hours can come to a total standstill.
Although Ampang is considered to be a prime area home to many expatriates, there is however a good mix of lower end homes on the outskirts such as Jade Tower; and as such residents here are from the lower and lower middle income group. The area is however quite safe, with no complaints of robberies or thefts as of yet.
Jade Tower is nevertheless not a good place to invest in, due to its leasehold title which will impair its price appreciation in the coming years. It is however an ideal place to rent out to families, due to its excellent connectivity via public transportation. It is also a good place to call home, especially for families who work in the city centre and are on a budget for a home.