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Property Insights & Reviews : Maxwell Towers

Maxwell Towers

1 for Sale

0 for Rent

Freehold

F/H
Maxwell Towers is a freehold condominium located on the secluded hillside of Bukit Gasing, or also known as Gasing Heights. It is adjacent to Cameron Towers and Fraser Towers, and neighbours Gasing Indah terraces and bungalows. Maxwell Towers consists of two 16-storey towers that house a total of 512 units. Each unit comprises 1,561 sf in terms of built-up size and comes with 3 to 4 bedrooms and 3 bathrooms. Most of the residents here are professionals and high-profile individuals. Nestled in an established neighborhood of Bukit Gasing, Maxwell Towers is well surrounded by several amenities. Just about 10 minutes of walking, there is SMK Taman Petaling. Besides that, there are SK Petaling Jaya, SMK Petaling and SRJK (T) Saraswathy nearby – which are reachable within minutes of driving. Not only that, it is within close proximity to Assunta Hospital, MBPJ Hockey Stadium, Arena Rakan Muda and Jamek Sultan Abdul Aziz Mosque. Maxwell Towers is well-served by a number of highways and expressways including Federal Highway and Jalan Kuchai Lama. Not only that, there are two Komuter stations nearby, namely Petaling and Jalan Templer KTM stations. It is strategically located about 5 minutes drive away from Section 52, or famously known as PJ Old Town. Besides that, it is around 15 minutes driving to Mid Valley City and Bangsar.

Property Details

  • Name: Maxwell Towers
  • Address: Jalan 5/58, Bukit Gasing, 46000 Petaling Jaya, Selangor
  • Developer: Gasing Height Development
  • Type: Condominium
  • Tenure: Freehold
  • Built-up: 1580 – 2,308 sf
  • No. of Blocks: 2
  • No. of Storey: 16
  • No. of Units: 512
  • Maintenance Fee: RM0.15 psf
  • Subsale Price: RM200 – RM299 psf
  • Rental:
  • Facilities

  • Barbeque area
  • Squash court
  • Covered car park – 2 car parks for each unit
  • Gymnasium
  • Jogging track
  • Swimming pool
  • Mini market
  • 24-hour security
  • Playground
  • Market Trends


    Latest transaction in Maxwell Towers, Gasing Heights

    SPA Date Address Size Price
    23/06/2014 Jalan X/Xc 1593 ft2 580000
    06/12/2013 Jalan X/Xc 1593 ft2 620000
    28/10/2013 Jalan X/Xc 1593 ft2 620000
    14/10/2013 Jalan X/Xc 1862 ft2 750000
    12/10/2013 Jalan X/Xc 1862 ft2 618000

    Analysis

    The developer of Maxwell Towers was liquidated years ago. But there are not many problems suffered, as owners setup an association to overcome problems and took over the management. The association managed to stop the developer from taking out RM400,000 from the condominium management company's account. Since then, the association has improved the livability of the condominium by repainted the entire buildings, installed a sand filter, repaired the fountain and improved the security to name a few.The prices of Maxwell Towers have gone up and down in the recent years. It was transacted (in average) for RM342,000, RM311,600, RM284,050, RM300,000, RM320,000, RM350,000 and RM340,000 in 2003 until 2009 respectively. Meanwhile, in terms of rental, it was rented for around RM2,000 up to RM3,500 during that period depending on the furnishing. There has been an appreciation of 1.58% of rental rate per annum. Nowadays, the price has escalated to near RM 400,000 and some fully-furnished units are already asking for about RM 600,000. If you are deciding to buy or rent a unit at Maxwell Towers, try to avoid lower floor units, as the corridor is darker due to the air well at the middle of the block. You might not enjoy as great view as other higher floor residents as well. However, if you are a big fan of nature, pleased yourself with the Bukit Gasing facing unit - you will enjoy the breathtaking views of the well-kept forest.
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