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Property Insights & Reviews : Diamond Regency

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Diamond Regency

2 for Sale

0 for Rent

Freehold

F/H

Diamond Regency is a serviced apartment located in Setapak, a major suburb in Kuala Lumpur. It was completed in the fourth quarter of 2009 by Renown Inspiration.Diamond Regency is surrounded by educational institutions, hospitals, places of worship and a variety of useful amenities. The Setapak Police Station is in fact, located right next to Diamond Regency. With convenience and location being the key, residents will find that it only takes 5 minutes to get to Bulatan Pahang and Hospital Kuala Lumpur from Diamond Regency. Institut Jantung Negara (IJN), The National Library, Istana Budaya, and other prominent buildings are only within a 10 minutes’ drive of Diamond Regency. The highly sought-after units of Diamond Regency amongst residents (owners and tenants alike), are the units which have a view of the KLCC and even Genting Highlands! The largest units are the duplexes at 2,500 sf that come with 4 covered parking lots. This development is a freehold, low-density condominium that boasts only 196 units.Other major townships and even the city center are easily reachable from Diamond Regency via the DUKE highway and the MRR2 using the main road of Jalan Gombak. Thus, commuting to Damansara, Ampang or Cheras daily is fairly quick.

Property Details

Name: Diamond Regency

Address: No.18, Jalan 3/50, Off Jalan Gombak, 53000 Kuala Lumpur

Developer: Renown Inspiration

Completion Date: Q4 2009

Type: Serviced Apartment

Tenure: Freehold

No. of Storey: 20

No. of Units: 196

Built-up: 660 – 2,500 sf

Maintenance Fee: RM0.22 psf

Launch Price: From RM150,000 (for 872 sf)

Facilities

Covered parking

Swimming pool

24-hour security

Gym & sauna

Karaoke & multipurpose hall

Guest room

Children's playground

Convenience stores

BBQ area

Market Trends

Latest transaction in Diamond Regency, Setapak

SPA Date	Address	Size	Price
14/12/2017	X-X, JALAN X/X	1184 ft²	550000
25/10/2017	X-X, JALAN X/X	1324 ft²	600000
05/09/2017	X-X, JALAN X/X	990 ft²	440000
23/08/2017	X-X, JALAN X/X	990 ft²	435000
24/05/2017	X-XA, JALAN X/X	1119 ft²	490000

Analysis

The location of Diamond Regency in Setapak is strategic and easily accessible. With the surrounding areas like Sentul being upgraded towards a more upmarket community, Setapak is a close by alternative in terms of property choice. The wide choices of unit built-ups at Diamond Regency will suit various needs, whether for families, corporate executives, expatriates, short or long term stay guests who require little or more work space in their apartments. The developer, Renown Inspiration, whose office is located in Phileo Damansara II, Petaling Jaya is not a well-known developer, though it has a few projects under its belt. A Joint Management Body for Diamond Regency was set up in lieu of complaints about the original management of the building, initially set up by the developer. Now, active participants formed by the residents of Diamond Regency provide the overall administration of the building. New rules and guidelines, with the residents' interest in mind, are constantly being revised with each Annual General Meeting held.