Villa Scott

Villa Scott (Villa Scott Condominium) is a high rise condominium located in the conjunction of Jalan Scott and Jalan Tebing in Brickfields. It stands next to Scott Sentral, its younger sister which was also developed by the same developer Aston Villa. It has aged more than 10 years.There are numerous accesses available for residents of Villa Scott to get in and out of the area. You can take the advantage of efficient public transportation available which are all located within walking distance. It only requires 4 minutes walking time to Tun Sambathan KL Monorail station. Alternatively, residents at Villa Scott can walk for about 15 minutes to the KL Sentral that offers LRT, KTM Komuter, KLIA Transit, KTM Intercity and KLIA Express accesses. If you are driving, thus you can utilize Jalan Tun Sambathan to get into KL city center which is just minutes away from the area. Also, you can head to Bangsar or Federal Highway to head north to Petaling Jaya or even Klang. Being in the Little India of Kuala Lumpur, one should not worry to buy groceries and household necessities as the whole area of Villa Scott is filled with commercial center and rows of shop lots. You can find spice shops, grocery outlets, sweet and snacks shops, textile shops, goldsmiths, hotels, restaurants, food stalls, printers and even flower stalls. There are plenty of amenities in the area of Villa Scott, mostly are within walking distance. Even Villa Scott itself houses Kinderland Kindergarten (Tadika Seri Maya). Besides that, there are morning wet market, night market, groceries, banks and 7-Eleven located nearby.Villa Scott has a very happy atmosphere, and there is a lot of fun activities which can be experienced by you! One can play in the playground, or basketball court, or take a swim in the well maintained swimming pool. There is also a recreation room which mostly serves as a table tennis room, set up with TT tables. Also, Brickfields is known as a divine location as it contains a handful of religious structures. Just along Jalan Scott, near to Villa Scott is Sri Kandaswamy Kovil which is one of the most prominent Sri Lankan Tamil or Ceylonese Tamil temple which is 104 years old. Other temples nearby include Buddhist Maha Vihara Temple, the Arulmigu Sree Veera Hanuman Temple, and the Sri Sakthi Karpaga Vinayagar Temple, which are all located at Jalan Berhala. The Lutheran Zion Church is also located in Brickfields since 1924. For Muslim at Villa Scott, there is a surau located on Jalan Sultan Abdul Samad called Madrasatul Gouthiyyah which mainly attended by Indian-Muslims. Not only that, Brickfields also house the 50 year old Three Teachings Chinese Temple.

Property Details

Name: Villa Scott (Villa Scott Condominium)

Address: Jalan Scott, 50470 Brickfieds, Kuala Lumpur

Developer: Aston Villa

Type: Condominium

Tenure: Freehold

No. of Blocks: 4

No. of Storey: 29

Built-up: 1,100 – 1,500 sf

Maintenance Fee: RM0.35 psf

Subsale Price:

Rental:

Facilities

Barbecue area

Salon

Sauna

Squash court

Covered car park

Gymnasium

Tennis court

Children's playground

Swimming pool

Mini market

Library

Table Tennis Room

Multipurpose Hall

24hour security

Market Trends

Analysis

Even though Villa Scott is strategically located within Kuala Lumpur, the surrounding looks a little bit lousy as it stands besides the river bank. Being located next to the river bank, there is a slight chance that flood will occur during thunderstorm season. Even PWTC was previously hit, thus it is possible that Villa Scott will suffer as well. In addition, Villa Scott is also near to Jalan Syed Putra which connects to the Federal Highway. The road is among the busiest road as it is the main road for people to commute to the city centre from Petaling Jaya, Subang, Shah Alam, Kelana Jaya, and others. You can see massive of cars passing through the road every single day and getting stuck in traffic during peak hours. As Villa Scott is located near to the main road, residents have to bear noise and air pollution caused by these vehicles. Villa Scott is managed and maintained by YBR Burgess Rawson, a reputable property management company. Back in previous several years, there are about one or two burglary incidents and the management took proactive actions by changing the security company and implement access system. One thing that the management fail to maintain is the children's playground. The playground is still accessible, but all equipments are unusable.One of the main concerns about Villa Scott is its very high maintenance cost which is RM0.35 psf considering its high-rise nature; it should not even be more than RM0.25 psf. If we compare this rate to other residential in other areas, we can find that Dorchester in Hartamas charges RM0.25 psf and Mont Kiara Damai charges RM0.30 psf. Right in-front of Villa Scott, there is a newly developed high rise condominium developed by YNH called 633 Residency which was completed in the end of 2008. It features build-and-sell concept and priced around RM600 psf. This would definitely increase Villa Scott’s price as it will be revalued and compared to 633 Residency. Even though people love getting a fresh and new development, but for 3 times lesser, people will prefer to choose Villa Scott instead. Investment wise, purchasing a unit of Villa Scott is a wise decision as it offers high rental yield. Besides that, the area seems short of supply considering massive commercial activities in the area and there is no vacant land available for future residential development. Therefore, demands will either maintain or increase by time to time. Thus, as a secondary market purchaser, one will continue to enjoy high rental yield despite of recession occurs as more people will opt to live near public transportation hub to cut cost on transportation commuting to work.