Mutiara Villa

Mutiara Villa is one of the oldest condominiums in Bukit Bintang. It is strategically nestled within the heart of Golden Triangle, and minutes of walking to Bukit Bintang shopping belt. It is situated beside Angkasa Impian 1 and Angkasa Impian 2 condominiums. Minutes of walking away from Mutiara Villa, one can reach several famous shopping centres including Pavilion, Lot 10, Sg Wang Plaza, BB Plaza and Times Square. It is also just 2 minutes of walking away from the famous hawkers' lane along Jalan Alor which offers variety of local Chinese delicacies. If you have thicker wallet after payday, you can pleased yourself on variety of western cuisines from rows of fine western restaurants and bars along Jalan Changkat Bukit Bintang. In terms of accessibility, Mutiara Villa is within walking distance to Bukit Bintang Monorail Station, Plaza Rakyat RapidKL LRT Station (Ampang line) and Puduraya Bus Terminal. If driving, it can be accessible from Jalan Bukit Bintang, Jalan Pudu and Jalan Raja Chulan that are connected to Jalan Tengkat Tong Shin via Jalan Ceylon and Persiaran Raja Chulan.

Property Details

Name: Mutiara Villa

Address: Jalan Tengkat Tong Shin, Bukit Bintang, 50200 Kuala Lumpur

Completion Date: 1993

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Storey: 12

Land Area: Approx. 1.5 acres

Built-up: 580 - 10,000 sf (penthouse)

Maintenance Fee: RM0.24 psf

Subsale Price:

Rental:

Facilities

Covered car park (1 bay per unit)

Swimming pool

Sauna

Gymnasium

BBQ pit

Jacuzzi

Market Trends

Analysis

Mutiara Villa is an established and renowned condominium among investors as it is one of famous properties to deliver decent return throughout the years. Due to its ageing factor, it has becoming less favored by investors. However, the management has taken the effort to revamp Mutiara Villa in recent years, where they have given the condominium a new coat of paint and refurbished some lifts. They also have beefed up the security, installed new CCTV surveillance and imposed new security key card system. This action has increased the rental rate by almost 30%. Residents at Mutiara Villa are a mix of locals and expatriates from Singapore and Hong Kong, as well as western countries. Its CF has been issued. It is managed under residents' management body which consists of both expatriates and locals. Up to this date, owners of Mutiara Villa claimed that they managed to get high rental yield from 7% to 10% (higher yield if the unit is furnished with good views of the city centre). The demand is remaining high which the owners claimed that their units can be extremely easy to be rented and sold.