Casa Mutiara

Casa Mutiara is a freehold serviced apartment nestled in Pudu, which adjacent to Bukit Bintang. It is sited behind Swiss Garden Hotel. It is next door to Casa Residency, City Park, Sri Emas, and the soon to be completed Swiss Garden Residences.This high-rise purple color condominium consists of 12 levels of residences, 6 levels of multi-storey parking lots and 2 levels for its facilities. It comprises small built-up units with sizes ranging from 325 sf to 740 sf. Each unit is either studio, 1-bedder and 2-bedder apartment. As the residential units start from level 9 onwards, all units enjoy great views of the city centre – including Petronas Twin Towers, Menara Kuala Lumpur and Bukit Bintang area. Strategically located within the bustling Kuala Lumpur city centre area, Casa Mutiara is served by numerous amenities. Just within 15 minutes of walking, one can reach Bukit Bintang shopping enclave, with lines of shopping arcades, shopping malls, massage centres and hotels. The accessibility factor is what makes Casa Mutiara favorable. This serviced apartment is about 5 minutes walking distance to Plaza Rakyat and Hang Tuah RapidKL LRT stations, and Hang Tuah Monorail station. It can be easily accessed from Jalan Hang Tuah, Jalan Hang Jebat and Jalan Pudu. Moreover, Casa Mutiara is suitable to grow family as SRJK (C) Jalan Davidson, Victorian Institution and Methodist Boy’s School are just nearby. In addition, it is also meters away from Merdeka Stadium, National Stadium and Kuala Lumpur Police Headquarter. Plus, there are Al-Bukhary Mosque and Chan See Shu Yen temple and study hall located within close proximity from Casa Mutiara.

Property Details

Name: Casa Mutiara

Address: Jalan Hang Isap, Off Jalan Pudu, 50150 Kuala Lumpur

Developer: Mutiara Johan Project Management (a subsidiary of Mutiara Johan Group)

Completion Date: January 2007

Tenure: Freehold

Type: Condominium

No. of Blocks: 1

No. of Storey: 20

Land Area: Approx. 1 acre

Built-up: 325 sf - 940 sf

Subsale Price:

Rental:

Facilities

Barbecue area

Covered parking

Gymnasium

Playground

Sauna

Swimming pool

Cafeteria

Sauna

Games room

24-hour security

Market Trends

Analysis

Residents at Casa Mutiara are a mix of expatriates from Middle East and China mainland, and locals. Some of the residents claimed that these foreigners do not have manners – which they litter rubbish everywhere, smoke within non-smoking area, talk loud and play loud music. But some residents said that they are really happy living here. Besides that, some claimed that Casa Mutiara is well maintained by the management. However, there are a few people complained about its security where outsiders can easily get into the condominium. Not only that, back then in October 2009, there was a fire in a unit here. The residents claimed that there was no response from the management team to alert the residents. The surrounding area around Casa Mutiara is relatively old, having built just beside some landed freehold properties. Unless the whole freehold area is going for an en-bloc, the old houses could be an eyesore to residents. Besides that, the road leading to Casa Mutiara from the main road is very quiet at night and it is not very well lit.Despite being surrounded by run-down houses, the demand for rental is still high. Just like other studio and small apartments in town, owners are gaining good rental yield at about 7% up to 9% (higher yield is derived from short-term stay). It is not hard to find tenants though since Casa Mutiara is quite famous among local businessmen and executives, as well as foreigner travelers. Why is it favored? It is simply because it is cheaper than hotels and serviced apartments located within the city, and just minutes away to LRT station by foot. It is a worthy investment.Casa Mutiara is good for investment but not really for own stay. With train tracks just in front of the building, the noise can be unbearable if you do not have sound proof windows and doors. Second thing to note is the not very effective walls between units. You can hear clearly when you neighbour speaks, even in normal conversation tone. Majority of tenants are foreigners, not expats.