The CapSquare Residences

The CapSquare Residences (also known as The CapSquare Residence) is a high density condominium located in the middle of the city centre, along Jalan Sultan Ismail. This is another big project by the reputable BRDB. This is a 36-storey condominium comprises of 180 units of apartments with built up from 1,072 to 6,756 sf. It is part of the large Capital Square development comprising of 15.2 acres in Kuala Lumpur midtown. The master plan consists of two office towers, several office blocks, a hotel and two condominium blocks.There are plenty of amenities available within few steps from the doorstep of The CapSquare Residences. For shopping and entertainment, there are CapSquare Centre, Suria KLCC, Avenue K, Pertama Complex, Campbell Complex, Semua House and Sogo located meters away. In addition, it is also few meters away from Asian Heritage Row that houses modern pubs, clubs and restaurants. The row has become a new urbanites' party spot, substituting Jalan P Ramlee's clubs enclave. Furthermore, there are several banks located within walking distance from The CapSquare Residences, including Alliance Bank, Public Bank, Ambank, Standard Chartered bank, Maybamk, OCBC Bank and CIMB. As for international schools, the nearest schools that you can find are Fairview International School and Sayfol International School. Also, it is within short walking distance to Convent Bukit Nanas, SRK St John, La Salle Institution and UNITAR (Universiti Tun Abdul Razak). It is located only 5 minutes walking distance from Dang Wangi LRT station. Moreover, it is also within walking distance to Bandaraya and Masjid Jamek Star LRT stations, Masjid Jamek Putra LRT station, and Monorail station (near Sheraton Imperial).

Property Details

Name: The CapSquare Residences (also known as The CapSquare Residence)

Address: Jalan Dang Wangi, Kuala Lumpur

Developer: Bandar Raya Development Berhad (BRDB)

Completion Date: 2005

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Storey: 36

No. of Units: 180

Land Area: 0.77 acre

Built-up: 1,072 – 7,828 sf

Maintenance Fee: RM0.25 psf

Subsale Price:

Rental:

Layouts

Type A (3+1 bedrooms) – 2,663 sf

Type A2 (3+1 bedrooms) – 1,816 sf

Type A4 (4+1 bedrooms) – 2,163 sf

Type B (3+1 bedrooms) – 2,111 sf

Type B1 (2+1 bedrooms) – 1,347 sf

Type C (4+1 bedrooms) – 2,838 sf

Type C1 (2 bedrooms) – 1,347 sf

Type D (2 bedrooms) – 1,072 sf

Type D1 (4+1 bedrooms) – 6,048 sf

Type E (4+1 bedrooms) – 3,557 sf

Type F (4+1 bedrooms) – 4,863 sf

Type G (3+1 bedrooms) – 3,110 sf

Type H (4+1 bedrooms) – 5,285 sf

Type J (4+1 bedrooms) – 5,285 sf

Type K (4+1 bedrooms) – 4,340 sf

Type L (4+1 bedrooms) – 4,338 sf

Type N (7+1 bedrooms) – 7,828 sf

Facilities

Business centre

Cafeteria

Club house

Jogging track

Mini market

Playground

Sauna

Squash court

Swimming pool

24hour security

Market Trends

Analysis

Despite being strategically located in the city centre, you have to bear in mind that The CapSquare Residences also stands next to Sungai Bunus, which has been associated with numerous flood issues for a quite long time. There is a huge potential that the river can run down the basement car park if heavy thunder storm occurs in the future. One may find that the area where The CapSquare Residences located is not a favorite spot to be called home. Once you step out of the sanctuary, there will be a number of commercial activities taking place. One may find plenty of Bangladeshi, Nepalese and Indonesians around the area of Jalan Tunku Abdul Rahman and Jalan Masjid India. On the other hand, it is totally a different world inside the Capital Square itself, where plenty of expatriates will usually hang out at those chic bistros and restaurants after office hour. There is also a lavish shopping complex and signature offices, making a stark contrast to the surrounding outside. But the good news is, a major refurbishment of old colonial shops into boutique shops is under going within the area. Asian Heritage Row is one example of such urban transformation. This will definitely change the face of Dang Wangi vicinity into the next KLCC.Traffic congestion at the surrounding roads is quite bad during peak hours, weekends and public holidays. This problem is due to the roads used by thousands of motorists to commute to work, as well as shopping and leisure. You will find the problem becoming worst during Ramadhan (fasting month for Muslims), as there is massive crowd from all over the country rushing into Jalan Tunku Abdul Rahman to shop for Hari Raya preparation. Most claimed that the developer's price of The CapSquare Residences was overpriced. They believed that the price was tagged at an equilibrium price after considering the cost and market driven values. Therefore, potential capital appreciation is quite limited for the development. It is not a new issue for BRDB's projects anyway. No wonder one can find unit for sale even after it has completed. In terms of rental yield, there was a valuation report done in 2008 that stated The CapSquare Residences was doing 6.1% during the year. Comparing from the rental yield, it might be better to invest on Mayland's Maytower, which just located across the road. However, Maytower is only available in studio units, henceforth the upside is very limited.