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Angkasa Impian 1, Bukit Ceylon

Angkasa Impian 1 is an old condominium nestled in Bukit Ceylon. It is just next door to Angkasa Impian 2, City Gardens, and Mutiara Villa. Nestled in the midst of bustling city centre, the condominium is surrounded by plenty of amenities and most of them are just within short walking distance.

Meters away from Angkasa Impian 1 are Chinese maternity Hospital and Tung Shin Hospital. Moreover, there are several prime shopping malls located within close proximity to the condominium, namely Pavilion, BB Plaza, Sg Wang Plaza, Lot 10 and Times Square.

In terms of accessibility, one can easily access Angkasa Impian 1 via Jalan Alor from Jalan Bukit Bintang and Jalan Pudu. Alternatively, one can utilize public transportations – LRT and bus. Just within 10 minutes of walking, there are Puduraya (an express bus hub) and Plaza Rakyat STAR LRT station. In addition, you can also walk to Bukit Bintang Monorail Station for approximately 10 minutes.

Property Details

  • Name: Angkasa Impian 1
  • Address: Jalan Tengkat Tong Shin, Bukit Bintang, 50200 Kuala Lumpur
  • Type: Condominium
  • Tenure: Leasehold
  • No. of Blocks: 1
  • No. o Storeys: 31
  • Built-up: From 1,200 sf
  • Subsale Price: RM420,000 - RM1,380,000
  • Rental: RM1,500 - RM5,000

Market Trends

Analysis

Bukit Ceylon is strategically located on a hill which bordered by Jalan Raja Chulan, Jalan Bukit Bintang, Jalan Sultan Ismail and Puduraya Bus Terminal. This is a mixed residential enclave and even Sultan Pahang’s palace is located on this hill. It is the best location within Central Business District of the Golden Triangle Area, heart of Kuala Lumpur.

Angkasa Impian 1 is within walking distant to shopping havens such as Pavilion, Lot 10, Sg Wang Plaza, Starhill, and Bintang Walk. It has easy access to banks, embassies, restaurant and the numerous international hotel.

One of the drawbacks of Angkasa Impian 1 is its leasehold tenure. There are not many leasehold residential in Bukit Ceylon, only Angkasa Impian 1, Angkasa Impian 2, and City Gardens.

Angkasa Impian 1 is popular among locals and expatriates alike due to its close proximity to several amenities. Restaurants like Bermuda & Onion, Finnegan’s, Elcerdo and Albion KL are all within short walking distance from the condominium and from each other. Several hotels and guest houses can also be found in that vicinity.

Investment wise, Angkasa Impian 1 is clearly that a good investment here in Bukit Ceylon. It is well located and established, hence is worth considering for good rental returns if that is what what you are looking for. It is among the best investment in the enclave as it is proven to deliver more than 8% rental yield for over the years.

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