Venice Hill, Cheras

Venice Hill is a high density condominium nestled in Batu 9, Cheras. It sits on the uphill offers lush greeneries and Kuala Lumpur city centre magnificent views. It is neighboring Sunway Cheras and Glomac’s Suria Residen.

This colorful condominium comprises 12 apartment blocks. There are from 17 to 30 floors per block and each unit has built-up area ranging from 1,200 sf to 1,600 sf with 5 different floor plans to choose from. There are also penthouses nestled at the roof level.

Venice Hill was developed by a bankrupt developer, Li-Foong Group and designed by Ehrlich Layton International Architecture, an Australian-based architect firm. All units were reported sold out within 6 months over 5 stages.

Residing in Venice Hill, residents are pampered with plenty of amenities. Just within minutes of walking from the condominium, one can reach SK Taman Puteri, Masterskill University College of Health Sciences and Kemacahaya Mosque. There are two shopping centres located within mere minutes away from the residential, namely Phoenix Plaza and Leisure Mall.

Besides shopping malls, there are plenty of shop lots nearby as well. It is also nearby Cempaka International School. Other schools are about 4 km away from the residential, such as SJK Taman Segar, SJK Taman Bukit Teratai, SMK Taman Seraya, SMK Taman Connaught and SJK © Taman Connaught.

Property Details

• Name: Venice Hill
• Address: Persiaran Puteri 1, Taman Puteri, Batu 9, Cheras, 43200 Selangor
• Developer: Li-Foong Group
• Completion Date: 2000
• Type: Condominium
• Tenure: Freehold
• No. of Blocks: 12
• No. of Storey: 17 – 30
• Built-up: 1,200 – 1,600 sf
• Maintenance Fee: RM 0.15 psf
• Subsale Price: RM97 psf
• Rental: RM0.68 psf

Facilities

• Sauna
• Covered car park
• Gymnasium
• Jogging track
• Swimming pool
• 24-hour security
• Playground

Market Trends

Analysis

If you ever think to escape from the city after working hours (but with tight budget to stay in paradises in Mont Kiara and KLCC enclaves), Venice Hill is your answer. Most residents love the condominium because of the living experience and atmosphere offered here. Right from the unit, one can enjoy fresh forest breeze from the rain forest which is just besides it. Hence, there is no need to have any air-conditioner to live here.

One can also see monkeys playing around in the forest from time to time. Furthermore, for units which are facing the city centre, the occupants can enjoy panoramic Kuala Lumpur city skyline view.

There were plenty of problems faced by the initial buyers during the construction period, especially units of Tower 10. Most owners were not satisfied with the quality, finishing and facilities of Venice Hill.

There are quite a number of units that can be found in auction market nowadays. But its reserved prices does are just a little more or less than the market price. It is a good buy for rental yield strategy and also own occupancy.

Links

http://www.eli.net.au/project_venicehill.htm