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Puncak prima sri hartamas

Posted by Jeff on 19-May 2010

I would like to Know more details about Puncak Prima .
what is the best price?
does it near the new Istana?
thank You.

Answers (11)

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Posted by Joe on 19-May 2010

Recent transacted records show average price about RM350k for 1,184 sf unit. It is located right opposite the new Istana.

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Posted by Jeff on 20-May 2010

Thanks Joe,
Do you know if the present price good for investment?
How is the condition of the condominium generally.
Thanks again.

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Posted by Joe on 20-May 2010

What is the present price you were offered? From the outside it looks well maintained.

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Posted by Jeff on 21-May 2010

Price around 350k.
However, is there any better alternative around this area other than this condo. price seems very slow moving.
Appreciate your comments.
thank you.

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Posted by klpropshop on 24-May 2010

Puncak Prima prices have not gone up significantly over the years.
Currently prices are around 300psf.
It is very near the new Istana(right opposite!), there maybe
upside potential once the Istana is ready.
If your looking for investment, why dont you consider units at Waldorf/Windsor, they are much more modern, and can fetch better rentals.

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Posted by Jeff on 24-May 2010

thanks, will do more pricing research around that area in view of the new istana.

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Posted by psthoo on 05-Jun 2010

In my opinion, Puncak Prima condo is strategically located (being next to Plaza Damas, Sri Hartamas Shopping Center & Taylor's College) and is right opposite the new Istana. It may be tad old (> 10 years) but it's definitely well maintained with professional service management and nice landscaping. Generally it has a mature community and good occupancy rate with good number of expats living in. Those units with the waterfall (man-made) and pool view are definitely highly sought after and fetches a premium over the average market price.

Next to Puncak Prima are the service apartments being Windsor, Waldorf, Donchester and Mayfair. They are all newer than Puncak Prima and therefore so are the price per square foot. Besides, they come with commercial titles so the utility costs are higher.

Overall i would say both (service apartments and residential condo) serve their own niche markets. Rental yield would differ, depending on unit size and furnishing. Generally, there is a strong rental market for this area.

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Posted by Jeff on 05-Jun 2010

thank You for the advise.
I think the best point is the view of the istana.

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Posted by klpropshop on 06-Jun 2010

The apartments at Plaza Damas (Waldorf Windsor etc.) are being charged residential rates for electricity, eventhough they are located on commercial land. TNB does adjust to residential rates if the JMB for the particular condo applies to them to change it.

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Posted by psthoo on 06-Jun 2010

This is an interesting point. I didn't know service apartments can still revert to residential rates upon application. Was this done only recently?

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Posted by klpropshop on 07-Jun 2010

it was done more than a year ago.
however it can only be done after the JMB has been set up