Residency Mutiara

Residency Mutiara (also known as Residensi Mutiara) is a freehold condominium sited in Brickfields, right in between Mid Valley City, KL Sentral and Bangsar. It comprises of a single 23-storey block with a total of 110 units with 7 units per floor. Residency Mutiara features unique "Suite Within Apartment" concept whereby its master bedroom (the suite) has its private access door enabling owners to divide the apartment into 2 separate units. It is served with 2 lifts and 1 service lift. Its car park bays are located at the first 5 levels and a basement level. Each unit comes with 2 car park bays. Recreational facilities are located at the roof top which comprises an infinity swimming pool, gymnasium, playground and BBQ area.Residency Mutiara is well located right next to Bank Rakyat Twin Tower, the new Bank Rakyat headquarters when completed this year. Besides that, it is just a stone throw away from the integrated KL Sentral development. Plus, it is also mere minutes of walking to Bangsar Utama commercial centre and Little India. In a nutshell, it is centrally located within established central business districts.

Property Details

Name: Residency Mutiara (also known as Residensi Mutiara)

Address: Jalan Ang Seng, Off Jalan Thamby Abdullah, Brickfields, Kuala Lumpur

Developer: Segarama (a subsidiary of Mutiara Johan Group)

Completion Date: January 2011

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 23

No. of Units: 110

No. of Bedrooms: 3+1 & 4+1

No. of Bathrooms: 3 & 4

Built-up: 1,068 - 1,727 sf

Maintenance Fee: RM0.20 psf

Launch Price: RM475,000 - RM894,000 (RM445 psf)

Subsale Price:

Rental:

Facilities

Roof top infinity swimming pool

Gymnasium

Multi-purpose hall

Children playground

BBQ area

24-hour security

3-tier security system

Integrated intercom system

CCTV surveillance

Access card system

Broadband internet ready

Covered car park

Contemporary architecture

Layouts

Type A: 4+1 bedrooms, 4 bathrooms (1,727 sf)

Type B & B1: 4+1 bedrooms, 4 bathrooms (1,428 sf)

Type C: 4+1 bedrooms, 4 bathrooms (1,468 sf)

Type D: 4+1 bedrooms, 4 bathrooms (1,588sf)

Type E: 4+1 bedrooms, 4 bathrooms (1,648 sf)

Type F: 3+1 bedrooms, 3 bathrooms (1,068 sf)

Market Trends

Analysis

Residency Mutiara is well designed to suit rental market for young and single executives in the area - hence maximizing owners' rental income. The developer has cramped the living, dining and even the kitchen areas to fit in the 4+1 bedrooms, as well as 4 bathrooms. Adding to that, with its studio feature for the master bedroom, the owners will have 2 tenants at one time. However, Residency Mutiara is surrounded by cheaper apartments and condominiums. Hence, potential tenants are spoilt by choice. The condo location is also close to high tension cables and LRT line (and you can hear the noise every time it passes).