Puncak Setiawangsa is a freehold area in Ampang that is patroned by the wealthy and is home to the upper class Malaysians. Often coined the Hollywood Hills of Kuala Lumpur, Puncak Setiawangsa is a housing development organised and developed by the leading Malaysian developer I&P Group. Houses in Puncak Setiawangsa have rather large built ups with double storey terrace houses at the bottom of the hills and double storey bungalows that languish at the top of the hills with swimming pools. The terrace houses mostly come with 4 bedrooms with 3 bathrooms while the bungalows with far larger built ups come with 6 bedrooms and 5 bathrooms. Prices are steep in this exclusive enclave with the terrace houses at the foothills priced from RM938,000 onwards while the bungalows command price tags starting from RM3,800,000.Tenancy in Puncak Setiawangsa is fluid with residents moving in and out as this is a popular place for rent to expats, therefore most of the houses open to the public for sale here are either partially or fully furnished. Many of the houses that come with furnishing are classily decorated with many of the homes having had renovation done on them with the back and sides of the houses fully expanded. A fully equipped kitchen is the norm for houses that have been renovated upon.Being an upper class area, Puncak Setiawangsa places a lot of focus on security. The whole community is gated and guarded with 24-hours security guards on alert at all times. There are mini-marts around the area that serves the residency, and a business centre is available for the use of residents as well. It is very centrally located; it is only 15 minutes to KLCC and the area has easy and comfortable access to Bangsar and Petaling Jaya. There many malls in the area for the residents to patron; amongst the few are Giant, Carrefour, Jusco, Great Eastern Mall and Wangsa Walk. There are schools that cater to the area as well so children need not travel far from their homes; and there is even a McDonald's in the area to satiate fast food cravings. Residents of Puncak Setiawangsa will find themselves well connected to the outside world via the NKVE and DUKE highway. There are 3 LRT stations that serve the area, the Setiawanga LRT, the Jelatek LRT and the Sri Rampai LRT.
Property Details
Name: Puncak Setiawangsa Address: Wangsa Maju, 54200 Kuala Lumpur Developer: I&P Group Type: 2-Storey Bungalow & 2-Storey Terrace Tenure: Freehold No. of Bedrooms 2-Storey Bungalow: From 6 2-Storey Terrace: From 4 No. of Bathrooms 2-Storey Bungalow: From 3 2-Storey Terrace: From 5 Built-up 2-Storey Bungalow: From 3,800 sf 2-Storey Terrac: From 2,065 sf Subsale Price 2-Storey Bungalow: From RM3,800,000 2-Storey Terrace: From RM938,000 Rental 2-Storey Bungalow: From 6,500 2-Storey Terrace: From 7,500Facilities
24-hours security Business centreAnalysis
I&P Group is a product of successful mergers, they were established in May 2009 and are a wholly owned subsidiary of Permodalan Nasional Berhad (PNB). The group has been developing townships from the early days of independence with an estimated total development of 12,000 acres. Due to the careful planning of the developers, Puncak Setiawangsa is well planned and strategically placed so residents will face only minimum traffic congestion when they travel out to the city. Other than that if they have no need to travel to the city, residents find this area to be quiet, peaceful and serene, an environment that exudes well-being. The neighbourhood is safe from thefts and robbery as well as the clientele in the area is highly exclusive and no riffraff are allowed to stick a toe into this exclusive enclave.In fact the Puncak Setiawangsa housing development was every person's dream of a home; before the 28th of December 2012. Things took a definite turn for the worse on that fateful day when a serious landslide happened on those very hills that drew home buyers, resulting in loss of homes and evacuation of residents in the immediate vicinity. The situation was so serious that two houses belonging to important people may have to be torn down to provide a buffer for the landslide, a real wrench to the soul for those who called that place their homes. Due to the landslide that fortunately claimed no lives, many houses are on sale in that area now. The housing area is still a pleasant place to live in as long as the house is far enough away from the landslide and as long as it is not on the hill. Investors might be interested in grabbing houses in the area now as they might be able to drive a hard bargain if they are willing to take the risk that their investment might be destroyed if the temporary landslide barrier fails.