Villa Puteri

Villa Puteri (also known as Villa Puteri Residences) is a freehold condominium nestled in Putra, smacked in the centre of bustling KL city centre. It is situated right beside The Mall, Legend Hotel, Villa Putera and Regalia. The matured Villa Puteri comprises of a large and high block of with tropical resort-style setting for the facilities. The first two floors are allocated for parking while its third floor is allocated for its facilities that swimming pool, tennis and squash courts, gymnasium, restaurant and internet cafe. The choices of layouts offered to prospective residents are 2+1 bedroom, 3+1 bedroom and penthouse units.Located in the centre of the city, Villa Puteri is surrounded by aplenty of amenities. It is just about 2 minutes walk to Sunway Putra Mall (formerly known as The Mall) that houses Cold Storage supermarket, Parkson Grand, food courts, McDonald’s, Pizza Hut, Starbucks Coffee, Secret Recipe, KFC and Nando’s to name a few. Also, it is mere minutes away to Putra World Trade Centre (PWTC) and Chow Kit commercial hub. In addition, Villa Puteri is well-served by several public transportation. It is few meters away from PWTC RapidKL LRT station. Also, it is about 8 minutes walk to Putra KTM Komuter station and Hentian Putra Bus Terminal. Plus, it can be easily accessible from Jalan Kuching and Jalan Putra.

Property Details

Name: Villa Puteri (also known as Villa Puteri Residences)

Address: Lot 36, Jalan Tun Ismail, 50480 Kuala Lumpur

Developer: Land General

Completion Date: 1995

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 41

Built-up: 1,100 - 1,378 sf

Subsale Price: RM500 - RM600 psf

Rental: RM1.9 – RM2.4 psf

Facilities

Swimming pool

Tennis court

Squash court

Gymnasium

Children’s playground

Foot reflexology

Sauna

Restaurant

Covered car park

Internet cafe

24-hour security with CCTV

Market Trends

Analysis

Most of the tenants at Villa Puteri are expatriates; students from European countries as well as the Middle East. Not only that, the condominium is also run as a serviced apartment by Karima Condo Services for short-term (from 3 months) and long-term (1 year onwards). Villa Puteri is well maintained by the management and its security is strict. However, Villa Puteri had one problem; it was affected by flood some time ago, which occurred after thunderstorm and heavy rain; about once or twice. The major one is in year 2009 which flooded the whole PWTC area. Other than that, it is just rising of water level at the river but does not cause floods. The problem has since then been resolved after the government's effort to solve the city flash flood problem. No cases have been reported as of 2014.Traffic jam is a common issue living in the city hub, Villa Putri is not exempted from suffering the same fate. The roads nearby are congested during peak hours and whenever there is an expo and convention at PWTC. There used to be road trespassing issue between Villa Puteri and the developers of Regalia. The developers allegedly closed of some of Villa Puteri accessed road and built a flyover beam that intrude their airspace.In terms of investment, Villa Puteri is a good cash cow to deliver high rental yields at about 6% up to 9%. It was claimed that the demand for rental will deteriorate in near future once Regalia is completed due to freshness factor. However, that hypothesis is refuted as a unit that was asked for RM199 psf in 2005 is currently being asked for RM500 to RM600 psf in 2014.At time of writing, The Mall is currently under renovation and upgrading work. After rebranding, it is now known as Sunway Putra mall. The Mall is now known as Sunway Putra Mall and is expected to operate again by end of 2014 or early 2015.