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Villa Puteri, Putra

Villa Puteri (also known as Villa Puteri Residences) is a freehold condominium nestled in Putra, smacked in the centre of bustling KL city centre. It is situated right beside The Mall, Legend Hotel, Villa Putera and Regalia.

This old Villa Puteri comprises of a large and high block of with tropical resort-style setting for the facilities. The first two floors are allocated for parking while its third floor is allocated for its facilities that swimming pool, tennis and squash courts, gymnasium, restaurant and internet cafe. It comprises 2+1 bedroom, 3+1 bedroom and penthouse units.

Located in the centre of the city, Villa Puteri is surrounded by a lot of amenities. It is just about 2 minutes walk to The Mall that houses Cold Storage supermarket, Parkson Grand, food courts, McDonald’s, Pizza Hut, Starbucks Coffee, Secret Recipe, KFC and Nando’s to name a few. Also, it is mere minutes away to Putra World Trade Centre (PWTC) and Chow Kit commercial hub.

In addition, Villa Puteri is well-served by several public transportation. It is few meters away from PWTC RapidKL LRT station. Also, it is about 8 minutes walk to Putra KTM Komuter station and Hentian Putra Bus Terminal. Plus, it can be easily accessible from Jalan Kuching and Jalan Putra.

Property Details

  • Name: Villa Puteri (also known as Villa Puteri Residences)
  • Address: Lot 36, Jalan Tun Ismail, 50480 Kuala Lumpur
  • Developer: Land General
  • Completion Date: 1995
  • Type: Condominium
  • Tenure: Freehold
  • No. of Blocks: 1
  • No. of Storey: 41
  • Built-up: 1100 sf, 1105 sf, 1200 sf & 1378 sf
  • Subsale Price: RM316 – RM350 psf
  • Rental: RM1.67 – RM2.23 psf

Facilities

  • Swimming pool
  • Tennis court
  • Squash court
  • Gymnasium
  • Children’s playground
  • Foot reflexology
  • Sauna
  • Restaurant
  • Covered car park
  • Internet cafe
  • 24-hour security with CCTV

Market Trends

Analysis

Most of the tenants at Villa Puteri are expatriates coming from the Middle East, as well as students from Europe. Not only that, the condominium is also run as a serviced apartment by Karima Condo Services for short-term (from 3 months) and long-term (1 year onwards). Villa Puteri is well maintained by the management and its security is strict.

However, Villa Puteri had one problem; it was affected by flood some time ago, which occurred after thunderstorm and heavy rain; about once or twice a year. The problem has since then been resolved after the government’s effort to solve the city flash flood problem. In December 2011, a nine-year old Indonesian girl was found dead in the swimming pool. She was reported to visit the pool without her mother’s knowledge.

Besides that, traffic jam is a common issue living in the city hub. The roads nearby are jammed during peak hours and whenever there is an expo and convention at PWTC. There used to be road trespassing issue between Villa Puteri and the developers of Regalia. The developers allegedly closed of some of Villa Puteri accessed road and built a flyover beam that intrude their airspace.

In terms of investment, Villa Puteri is a good cash cow to deliver high rental yields at about 6% up to 9%. However, it is expected that the demand for rental will deteriorate in near future once Regalia is completed due to freshness factor. Besides that, its price has appreciated nicely in these few years whereby it was asked for RM199 psf in 2005, and is currently being asked for RM330 psf.In terms of investment, Villa Puteri is a good cash cow to deliver high rental yields at about 6% up to 9%. However, it is expected that the demand for rental will deteriorate in near future once Regalia is completed due to freshness factor. Besides that, its price has appreciated nicely in these few years and is currently being asked for RM680 psf.

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