Angkasa Condominiums

Angkasa Condominiums is a freehold condominium nestled in Taman Connaught, Cheras. This condominium is a developed by Connaught Heights Sdn Bhd, a subsidiary of Bonia Cooperation. It was launched in 2002, and was supposed to be completed at the end of 2005. However, the owner was only handed their vacant possession in June 2006. Angkasa Condominiums comprises of Three blocks of 25-storey, which have approximately 600 units of condominiums. The 3-bedroom and 2-bathroom layouts have built-up size of 920 sf each unit. Most of the units are tenanted especially to the UCSI students. Thus, there are quite a lot of foreigners staying at Angkasa Condominium. Angkasa Condominiums offers a variety of facilities such as car park, badminton court, gymnasium, basketball court, tennis court, swimming pool, mini market, cafeteria and 24-hours security. The condominium neighbors Giant Hypermarket Taman Connaught and University College International Sedaya. It enjoys the nearest distance to University College International Sedaya. Other from UCSI, there are a few school located within the vicinity such as Sekolah Jenis Kebangsaan (C) Taman Connaught and Sekolah Kebangsaan Seri Anggerik. Angkasa Condominiums is located at a very strategic location, as it is served by a network of highways and expressways, such as Lebuhraya Hubungan Timur Barat, Lebuhraya Cheras-Kajang and Middle Ring Road 2. Besides that, it is only 5 minutes drive to the nearest Bandar Tasik Selatan LRT station, where one can find KTM Komuter, Rapid KL LRT and KLIA Express. Furthermore, the newly build Integrated Transport Terminal for southern hub is located beside Bandar Tasik Selatan LRT Station.

Property Details

Name: Angkasa Condominiums

Address: Jalan Puncak Gading, Taman Connaught, 56000 Kuala Lumpur

Developer: Connaught Heights Sdn Bhd

Type: Condominium

Tenure: Freehold

No. of Blocks: 3

No. of Storey: 25

No. of Units: Approximately 600

Built-up: From 920 sf

Subsale Price:

Rental:

Facilities

Cafeteria

Car Park

Gymnasium

Mini market

Swimming pool

Tennis court

Badminton court

Basketball court

24hr security

Market Trends

Analysis

Owners of Angkasa Condominiums were upset due to the late handover of vacant possession by the developer. Furthermore, there are some complaints that the developer increased the maintenance charges from RM0.12 psf to RM0.18 psf, which is 50 percent increment from the rate given in their S&P agreement. Though that time there were some rumors that the developer is having internal problem, the developer managed to complete the project after nearly 7 to 8 months of delay.Angkasa Condominiums is initially developed to target the large market from UCSI nearby. Somehow, this has caused some problem to the residents staying at the condo, as there are too many of foreigners staying here, especially African who are creating disharmony. There is an incident of two Nigerian dead at Angkasa Condominiums due to suspected drug overdose. The residents there have an uneasy life due to the foreigners causing the social problems and the hike of crime cases here.Angkasa Condominiums however did provide quite good rental yield, as high as 7 to 8 percent mainly due to the highly demand from UCSI students. Thus, it is a good investment especially for those looking for high returns of the monthly rental. As for own staying, it doesn't appear an ideal place due to high number of foreigners and students staying here.