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Ridzuan Condominium, Bandar Sunway

Ridzuan Condominium is a leasehold condominium nestled in Bandar Sunway vicinity. In its first years, the condominium was considered as high-end development. However, the same claim cannot be made now. With many new developments taking place in the area, this condominium is still trying to stay relevant by inviting new retail shops in its compound.

Ridzuan Condominium stands right next to PJS 10 Park and neighbours Subang Ville Ehsan, Aman Luxury and Sunway Suriamas. Besides that, it is also located across SK Kg. Lindungan. Sunway Mentari Business Park, a large commercial centre that houses Malay and Chinese food, laundry, hair saloon, sundry shops, photocopy services and Internet Cafe. A trip to the amenities is just within 15 minutes of walking and Sunway Pyramid is also reachable by foot.

Plenty of amenities can be found nearby Ridzuan Condominium. Right next to the condo, there is a large park that comprises of children’s playground, a lake, jogging track and lush greenery. Also, Subang Ria Recreational Park is just mere minutes of walking from the condominium. In terms of accessibility, Ridzuan Condominium is mere minutes away from numerous expressways including New Pantai Expressway, Damansara-Puchong Expressway (LDP), Federal Highway and KESAS.

Property Details

  • Name: Ridzuan Condominium
  • Address: Jalan PJS 10/11, Bandar Sunway, Selangor
  • Completion Date: 1999
  • Type: Condominium
  • Tenure: Leasehold
  • No. of Blocks: 3
  • Built-up: From 590 sf
  • Subsale Price: RM205,000 - RM740,000
  • Rental: RM800 - RM3,100

Facilities

  • Swimming pool
  • Tennis court
  • Mini-market
  • Restaurant
  • Laundrette
  • Gymnasium
  • Squash court
  • Covered car park
  • Children’s playground
  • 24-hour security

Market Trends

Analysis

Majority of residents at Ridzuan Condominium are students. Most of them are students from Taylor’s University College. The university college is reportedly to be relocated to a proper large campus in near future, most probably in early 2010. The new campus will be located behind Lagoon Perdana, besides McDonald and Caltex. Even though owners will lose students of Taylor’s as tenants, they should not worry much as the condominium does not depend too much on those students. There are also plenty of other institutions nearby, including Monash University, Metropolitan, The One Academy, INTI College and Sunway College.

Traffic congestion around the area is bad during peak times. During these hours, you might be trapped for hours in traffic at NPE, LDP and Federal Highway. This problem is mainly due to these expressway are being used by motorists who are coming from Puchong, Subang USJ, Subang and even Shah Alam towards Petaling Jaya and the city centre. Parking is also an issue at Ridzuan Condominium. As most of the residents are youngsters who share a single apartment, there are several cars owned by each unit. Hence, due to the limitation of car park, they opt to park at the roadside which causes the congestion.

Most investors here love Ridzuan Condominium as it delivers high and decent rental yield. They enjoy 7% to 9% of gross rental yield. But due to the newly completed Sunway Suriamas, right across it and Taylors University College relocation plan, the return might not be as good as it used to be. Most tenants prefer a newer apartment to rent, especially if the price is slightly similar.

People also complained about the condition of the lifts that have several malfunctions and not being serviced regularly. The lack of security is also a concern here as they could not contain some petty crimes from occurring. Recently, the old management ran away with the maintenance fee, causing conflicts for the new management team. However, things are slowly making progress for the better.

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