Teratai Square is a recently completed leasehold small office home office (SoHo) development, centrally located in the prosperous town of Ampang. Built by the up and coming developer Dergahayu, this development that was completed in 2011 sits only 20 minutes away from the city centre of Kuala Lumpur. Teratai Square is a modern day business hub cum home that stands 3 storeys tall, housed within 2 blocks. It offers excellent liveability, as the ground floor of the building consists of shops and restaurants, to serve the tenants of the offices and homes on the first and second floor. With 10 different types of units ranging from between 600 sf to 1,100 sf, buyers will have excellent purchasing choice. Selling prices now start from as low as RM120,000.Teratai Square is a highly secured building with 24-hour security to serve the residents and the tenants. The building also does not come with lifts, as it is a low rise of only three storeys. Although there is no covered parking space, parking is plentiful as there is an open parking lot to serve both visitors and residents. Buyers of these homes will have a chance to unleash their full creativity, as the units come bare.Teratai Square is located a mere 10 minutes away from the town centre of Cheras, with the Jusco Taman Maluri and Cheras Leisure Mall within 12 minutes driving distance away. If tenants and residents bore of the food offered within the residence, restaurants and eateries are abundant within short driving distance.Both primary and secondary schools are also widely available within close proximity of Teratai Square, with at least nine different schools within a 3 kilometres radius while the local institution of higher education is the UCSI University. Local banks such as Maybank, Public Bank, AmBank and CIMB Bank are also easily found within a 2 kilometres drive.Teratai Square is well located via a series of inner roads, which provides easy accessibility to the Middle Ring Road 2 (MRR2), as well as the Ampang - Kuala Lumpur Elevated Highway that is only 15 minutes away from home. Public transportation is also extremely easy to get, as there is a bus stop on the main road of Jalan Kuari which is only 5 minutes away from home, while those who need a train will be able to board one at the Pandan Jaya Star LRT 10 minutes away from home.
Property Details
Name: Teratai Square Address: Jalan Teratai 1/2E, Taman Bukit Teratai, 56100 Kuala Lumpur Developer: Dergahayu Completion Date: 2011 Type: SoHo Tenure: Leasehold No. of Blocks: 2 No. of Storey: 3 No. of Units: 162 Built-up: Between 600 sf to 1,100 sf Maintenance Fee: RM0.10 psf Launch Price: Between RM80,000 to RM90,000 Subsale Price: From RM120,000Facilities
24-hour securityAnalysis
Dergahayu Sdn Bhd is a new and upcoming developer with a few projects under their belts such as gated and guarded housing developments such as the Gardenville Townvillas in Selayang that boast beautiful and well kept homes in a peaceful and quiet environment and the latest upcoming Teratai Residence that was fully sold out before the building was even completed.Although located in a heavily populated housing development, Teratai Square has good connectivity to the main roads that are generally smooth flowing, where hiccups in traffic only appear during peak hours where the worst affected area are the roundabouts that connect all the housing developments.Teratai Square is deemed to be an excellent investment, ever more so as it had an extremely low start off price for a SoHo development. Its price has increased by 30% since its launch, and is expected to continue to rise. Teratai Square is also deemed to be an excellent home as it offers all the comforts of home in the midst of all the necessities.
