Five good condominiums were recently discovered around the Jalan Perak / Pinang / P. Ramlee area of Kuala Lumpur for investment purposes. It is said that all known information about a piece of real estate in reflected in the price. The price of these five properties have been quietly appreciating over the years. While the actual reasons for this phenomenal appreciation is open to debate, the fact remains that this is a good investment property. In Part 2 of this report, the identity of the second gem was revealed. If you missed it, search this website for Marc Service Residence Investment Condo Jalan Pinang. Now in Part 3, the third gem is unveiled.
Idaman Residence Jalan Law Yew Swee
This is a magnificent high-end condominium located facing the Petronas Twin Towers in KLCC. The elite Idaman Residence consists of 34 levels and was constructed on 1.45 acres of freehold land. Each floor has got nine units of apartments with built-up areas ranging from 877 to 2,174 square feet. The developer has thoughtfully allocated 10-feet high ceilings for each unit in order to improve the interior air circulation of the dwellings. This healthy living concept also boasts first-class imported marble in the living room, dining area and master bathroom.
Idaman Residence exterior is made out of 90% glass. This gives the condo an elegantly sleek and modern-futuristic facade. Proud owners will enjoy the view of KLCC from their balconies. The lobby of Idaman Residence boasts yet another grand feature; a 30-feet high ceiling. There are ample nightclubs, shopping malls and eateries to cater for every taste and need.
Name: Idaman Residence
Address: Jalan Law Yew Swee, 50250 Kuala Lumpur
Developer: TA Properties
No. of Blocks: 1
No. of Levels: 34
No. of Units: 250
Condominium Units: 877 – 2,174 square feet
Penthouses: 3,400 – 3,800 square feet
Type H12 bedrooms + 2 bathrooms (877 square feet)
Type H2 2 bedrooms + 2 athrooms (953 square feet)
Type H3 2 bedrooms + 2 bathrooms (929 square feet)
Type H4 2 bedrooms + 2 bathrooms (922 square feet)
Type B1 2 bedrooms + 2 bathrooms (1,075 square feet)
Type B2 2 bedrooms + 2 bathrooms (1,035 square feet)
Type B3 2 bedrooms + 2 bathrooms (1,047 square feet)
Type C1 3 bedrooms + 3+1 bathrooms (1,691 square feet)
Type C2 3 bedrooms + 3+1 bathrooms (1,746 square feet)
Type E1 2 bedrooms + 2+1 bathrooms (1,551 square feet)
Type E2 2 bedrooms + 2+1 bathrooms (1,591 square feet)
Type F1 3 bedrooms + 2+1 bathrooms (1,519 square feet)
Type F2 3 bedrooms + 2+1 bathrooms (1,622 square feet)
Type F3 3 bedrooms + 2+1 bathrooms (1,619 square feet)
Type G1 3 bedrooms + 2+1 bathrooms (1,591 square feet)
Type G2 3 bedrooms + 2+1 bathrooms (1,744 square feet)
Type G3 3 bedrooms + 2+1 bathrooms (1,683 square feet)
Type G4 3 bedrooms + 2+1 bathrooms (1,756 square feet)
Type I1 4 bedrooms + 4+1 bathrooms (1,607 square feet)
Type I2 4 bedrooms + 4+1 bathrooms (1,793 square feet)
Type I3 4 bedrooms + 4+1 bathrooms (1,717 square feet)
Type D1 4 bedrooms + 4+1 bathrooms (2,100 square feet)
Type D2 4 bedrooms + 4+1 bathrooms (2,017 square feet)
Type A1 (Deluxe) 4 bedrooms + 4+1 bathrooms (2,174 square feet)
Type A2 (Deluxe) 4 bedrooms + 4+1 bathrooms (2,096 square feet)
Penthouse (Triplex) 4+1 bedrooms + 5 bathrooms + Roof garden (3,400 – 3,800 square feet)
Elegantly landscaped garden with serene water features
The demographics of this Idaman Residence is a good indicator of who ones neighbors will most likely be. The discerning investor would certain want to know the kind of community they will be living among in Idaman Residence. Their age group will serve as an indicator of their probable marital status and the age of their children. As of 2015, the demographics are as follows:
|41-50 years=>13%||Chinese=>22%||9 samples analysed|
|Others=>1%||9 samples analysed|
|8 samples analysed|
Is Idaman Residence a Good Property for Investment?
In 2009, the median asking price for rent of Idaman Residence was approximately RM5.88 per square feet. As of May 2015, the price has depreciated to approximately RM2.78 per square feet. This does not augur well for the rental income of landlords in this condo.
In 2009, the median asking price for sale of Idaman Residence was approximately RM942.25 per square feet. As of May 2015, the price has appreciated to approximately RMhttp://www.cashbillion.com34.235 per square feet. This boils down to a reasonable appreciation of 3.39% per year since 2009. As of May 2015, there are some units being promoted for sale on the World Wide Web too.
Therefore, Idaman Residence condo can be considered for capital appreciation or owner occupation purposes.
Well that depends on why you are reading this article. If you want to buy a unit in any of these good properties, you may get free property email alerts here. As and when an advertisement for these properties appear on the World Wide Web, you will be notified via email. If you want to check the median asking price of properties, you may do so here. If you want us to write original content of similar nature for your website (& you are willing to pay for it) contact us here.
Happy investing 🙂