Magna Ville

Magna Ville (also known as Magnaville Selayang) is a high-rise condominium project developed by Magna Park Sdn Bhd, a subsidiary of Magna Prima Bhd. It spreads over 23.1 acres of land. The project consists of three 22-storey blocks with a total of 1,074 units with built-up between 915 sf and 1,259 sf. The project was completed in March 2010 and located strategically along Jalan Ipoh at Selayang. Located to the North of Kuala Lumpur, Magna Ville is accessible via Selayang-Kepong Highway which leads to North-South Highway to the South and eventually to Bandar Utama and Petaling Jaya; Jalan Ipoh which leads to Duta-Ulu Kelang Highway to the South and eventually to Kuala Lumpur City Center. Neighboring suburbs are Kepong, Jinjang, Batu Caves and Gombak, all are well-established neighborhoods.The location of Magna Ville is convenient and near many amenities which include Selayang Mall, Selayang Hospital, Giant Hypermarket, Pasar Borong Selayang, SK Taman Prima, and commercial centre that offers banking and services. It is also very close to that UiTM medical campus, with good prospect in rental returns. However, with over a thousand units, Magna Ville's residents can expect high density living and parking problems due to limited parking space. There are also numerous complaints from buyers about low quality finishing and unfulfilled provisions.

Property Details

Name: Magna Ville (also known Magnaville Selayang)

Address: Selayang Baru, Selangor

Developer: Magna Park Sdn Bhd

Completed Date: March 2010

Type: Condominium

Tenure: Leasehold

No. of Blocks: 3

No. of Storey: 22

No. of Units: 1,074

Land Area: 23.1 acres

Built-up: 913 - 1,259 sf

Launch Price: RM139,000

Subsale Price:

Rental:

Layouts

Type A1 (1,206sf)

Type A2 (1,259sf)

Type B1 (946sf)

Type B2 (1,030sf)

Type C1 (928sf)

Type C2 (913sf)

Type C3 (1,001sf)

Type C4 (936sf)

Type D1 (1,025sf)

Facilities

BBQ area

2 swimming pools

Indoor badminton court

Half basketball court

Multi-purpose hall

Children playground

24-hour security

2 carparks (bigger units)

Market Trends

Analysis

Magna Prima Bhd was incorporated in Malaysia in 1995 and was listed on Bursa Malaysia in 1997. Through its subsidiaries, Magna Prima primary focus on property development, building construction, trading and management services in Klang Valley, with majority of the projects located in the northern corridor of Kuala Lumpur. Magna Ville is designed for city living with a built-up of between 915 sf and 1,259 sf. The 3 bedrooms, 2 bathrooms layout is designed for small families. There are 18 units per floor and serviced only by three lifts may be a little congested, especially during the morning and evening rush hours. The compound within Magna Ville is quite congested, as there is only one entrance and exit to the 1,074 units. Furthermore, located at the corner between busy Jalan Ipoh and Selayang-Kepong Highway, one can expect traffic noise for most part of the day. Selayang is a well established neighborhood, and Magna Ville is conveniently located near to many amenities which include Selayang Mall, Selayang Hospital, Giant Hypermarket, Pasar Borong Selayang and commercial centre that offers banking and services. Magna Ville is also very close to that UiTM medical campus, hence with good prospect in rental returns. Other than SK Taman Prima which is right next to Magna Ville, nearby schools include SRK Selayang Jaya, SRA Selayang Baru, SK Seri Murni, and SRK Selayang Baru.Before one decides to put down money for Magna Ville, one should be cautious of numerous complaints by buyers which include low ceiling, low quality finishing and unfulfilled provisions. One should also be aware of the reputations of the developer's previous projects.