Villa Seri Puteri

Villa Seri Puteri is the latest property development by Amber Resources, which is currently being built in Taman Permata, Cheras. Aimed to be completed by 2014, the low-density leasehold property has 263 units spread over 2 blocks with built-ups of 1,200 sf to 2,525 sf. The largest units are the duplex penthouse units that are over 2,500 sf and have a view of the KLCC. Villa Seri Puteri is located near the roundabout interchange of Jalan Cheras and Jalan Loke Yew roundabout. Neighbouring estates like Miharja, Cheras & Pandan Jaya are all within 2km radius distance of Taman Permata. Jalan Cheras will link commuters from Villa Seri Puteri to MRR2 within 5 minutes and traveling to the city center in the other direction will take about 15 minutes. The SMART highway & MAJU (Kuala Lumpur-Putrajaya) highway is also within 5 minutes drive via Jalan Loke Yew. Sandwiched between the Taman Kobena flats and Pertama Residency, other nearby amenities from Villa Seri Puteri are the Veterinary Hospital, Shell Station, Kompleks Darul Puteri, and Sekolah Kebangsaan Seri Cheras, all within walking distance.

Property details

Name: Villa Seri Puteri

Address: Jalan 6/92B, Taman Permata, 56100 Kuala Lumpur

Developer: Amber Resources

Completion Date: 2014 (estimate)

Tenure: Leasehold

Type: Condominium

No. of Units: 263

No. of Storey: 21 (22 including duplex)

No. of Blocks: 2

Built-up: 1,200 sf; 1,300 sf; and 2,525 sf

Launch Price: From RM215,000 - RM588,000

Subsale Price:

Facilities

Covered parking

Gym

Swimming pool

Sauna

Tennis court

24hr security

Market Trends

Analysis

Villa Seri Puteri is a joint venture project between Amber Resources and DBKL, and is sitting on what was previously a mining pool. The launch price began at about RM218,000 for the smallest unit; but buyers were required to pay an additional RM20,000 for built-in kitchen cabinets, plaster ceiling and other installations like heater and air-condition power points. Higher-floor units that had a view of the KLCC were priced an additional RM15,000 – RM20,000. The area is surrounded by many low-cost flats and apartments. Villa Seri Puteri and Pertama Residency are the latest properties aimed at increasing the value of the area. A big draw to tenants and residents there is the closeness to the LRT station. The convenience of being able to take the LRT to school or work and not needing to drive is a big reason for choosing the property. Villa Seri Puteri though is situated near high-tension wires, where there is concern of electromagnetic field generated by the current. That however, did not deter buyers as most of the units were sold out within the day of the launch, in July 2010 as many considered the convenience of the nearby LRT station. Just 5 stops away from the nearby Maluri LRT station, is the new Bandar Tasik Selatan integrated transport terminal which provides connectivity to the KTM Komuter, ERL, LRT and other bus operators.