Penaga Mas is a leasehold low cost apartment located in the town of Puchong, in the state of Selangor. Strategically located, this apartment is located only 15 minutes away from the town centre of Puchong, while the government hub Putrajaya is approximately half an hour away and the city centre of Kuala Lumpur at a 40-minute drive.Penaga Mas is classified as a relatively low-rise building at only nine-storey tall, comprising two separate blocks. Density here is rather high with a total of 344 units and a total of approximately 19 units to a floor. The standard built-up for units at this apartment is about 780 sf, housing 3 bedrooms and 2 bathrooms. Prices range between RM135,000 and RM150,0000 while the units for auction come at as low as RM50,000.Penaga Mas is one of the older apartments in the area, with a rather full occupancy rate. All the units that are being released for sale are generally already partially furnished with additional safety grills at the entrance and at the windows, as well as with kitchen cabinets, fan and light fixings and sanitary ware. Although a low cost apartment, Penaga Mas has a good variety of facilities offered to their residents. One unit of covered parking is allocated to each unit, while security is taken care of by the 24-hour security. Below the apartments is the almost mandatory mini mart, while around the back is the children's playground.The closest hypermarket to Penaga Mas is Giant which is a 20-minute drive away, while the local shopping centre is IOI Mall which is about 15 minutes away. There are numerous schools within a driving distance of about 10 to 15 minutes away, while banks are widely available in the town area of Puchong. The closest medical centre, Columbia Asia Hospital, is about 20 minutes away.Although it is located in the deeper parts of Puchong, Penaga Mas has good accessibility to main roads and highways. It sits just off the North - South Highway, while the Kuala Lumpur - Putrajaya Highway, Damansara - Puchong Highway and Shah Alam Highway are mere minutes away. Public transportation will however be a bit of a hassle living here, as there are no bus stops within comfortable walking distance.
Property Details
Name: Penaga Mas Address: Jalan Pinggiran Mas 1, Taman Mas, 43900 Puchong, Selangor Type: Condominium Tenure: Leasehold No. of Blocks: 2 No. of Storey: 9 No. of Units: 344 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 780 sf Maintenance Fee: RM70 Subsale Price: From RM135,000 Rental: From RM750Facilities
24-hour security Playground Mini mart Covered parkingAnalysis
Traffic in the surrounding area of Penaga Mas is usually smooth flowing at all times due to its rather outskirt location. Getting into the neighbourhood from the town will however prove to be rather a nightmare, especially peak hours when the roads of Puchong are all highly congested in all directions.However once clear of the traffic, residents of Penaga Mas will find that their way home is perfectly clear and smooth flowing. The neighbourhood is very peaceful and quiet, being purely a residential area. Crime rate in the area is also rather low, while there have been no reported incidents within the apartment itself either.Penaga Mas very unfortunately does not show much promise as an investment, due to not just its leasehold title but also due to its location which is very much on the outskirts. Its price has increased only very slowly in the recent years, as so to keep up with the inflation rate. It is however an excellent place to call home especially if one craves peace and quiet after work.
