222 Residensi

Jalan 1/50, Off Jalan Gombak, Taman P Ramlee, Setapak, Kuala Lumpur

About this project

Standing tall at 28 storeys in Setapak, Kuala Lumpur, 222 Residency is KP Property Sdn Bhd’s maiden development. The company built its reputation as the project contractor for upmarket developments like St Mary Residences, Dua Residency and Lumina Kiara. Similarly, 222 Residency boasts a modern and upscale design with high quality building materials. Completed in 2013, the freehold condominium features 222 units, as the name denotes, and an additional commercial component on the lower level for the convenience of its occupants. A host of facilities are provided on the 8th floor podium. The single block development with an average of 12 units per floor is served by three lifts. There are six types of layouts to tailor to different types of buyers. Location
Located off Jalan Gombak, the development is served by an array of amenities, including from commercial centres such as Setapak Sentral and Diamond Square. There is no shortage of eateries ranging from popular fast food to local fare. There are various schools nearby such as SJK (C) Chung Hwa, SK Setapak Jaya, SK Setapak and tertiary educational institutions such as TAR College, UTAR and International Islamic University Malaysia. Travelling is convenient with a comprehensive network of connections to the city centre such as DUKE Highway, Sentul Link and Middle Ring Road 2 via Jalan Genting Klang. Residents opting for public transportation will be pleased to know there are several stations within 1km distance such as the Sentul Timur LRT, Sentul LRT, Titiwangsa Monorail and Sentul KTM. Analysis
Setapak has welcomed many new developments over the past few years, changing the laid-back landscape to a more vibrant town. Jumping on the bandwagon, KP Property saw the need for more accommodations tailored to the influx of population wanting to buy into modern lifestyles at affordable prices. Although initially targeted at first-time homeowners, prospective parents and large families, 222 Residency has eventually attracted a significant number of students, especially from UTAR and TAR. Its proximity to the city centre has also led many executives to make this place their home. Although initially targeted at first-time homeowners, prospective parents and large families, 222 Residency has eventually attracted a significant number of students, especially from UTAR and TAR. Its proximity to the city centre has also led many executives to make this place their home. As at end-2016, a secondary unit here is pegged around RM500,000 onwards for a 1,102 sq ft unit. Rental starts from RM1.77 psf for a smaller unit, which translates to RM1,600 for a 904 sq ft unit. This spells a good investment for those seeking recurring passive income.
Property Type
Hotel/Service Apartment
No of block
1
No of storey
28
Total Units
222
Built up
861 sqft - 1808 sqft
Tenure
Freehold
Transacted Price
RM 220,000 - RM 1,358,000
Asking Price (Sale)
RM 450,000 - RM 2,200,000
Asking Price (Rent)
RM 1,500 - RM 2,000
Maintenance Fee
RM 0.15 psf
Developer name
KP Property Sdn Bhd

Facilities & Amenities

  • done
    24-hour Security
  • done
    Jacuzzi
  • done
    Fitness Centre
  • done
    Park and Garden
  • done
    Banquet Hall
  • done
    BBQ Area

Location

mapbox
View map

Past Transactions

Transaction DateAddressBuilding TypeFloorsLot SizePrice PsfPrice

Historical Monthly Price Range & Volume

Profitability

Profitable Transactions (Limited to 5 Total of 3 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
20 Dec 1330 Dec 131,206 ft²47744440,0001289.8
09 May 1328 Aug 131,119 ft²46541070,00060.9
12 Aug 1321 Aug 131,206 ft²47750125,000506.6

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.

Unprofitable Transactions (Limited to 5 Total of 1 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
09 May 1313 May 131,098 ft²410410--

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.

Affordability

  • Down Payment (10%)RM 0
  • Loan Amount (%)RM 0
  • Tenure Years0 Years
  • Interest Rate0%
  • Loan Amount 90%
  • Down Payment 10%
Monthly Installment

RM 0±

Mortgage Provided by Hong Leong Bank

Maintenance Fees

RM 0 ±

RM 0 psf (0 sq ft)

Total Monthly Expenses

RM 0±

Disclaimer

The Analytics are provided “AS IS” and we do not warranty as to its accuracy. We are not responsible or liable for any claims, damages, losses, expenses, costs or liabilities whatsoever. Please seek professional advice before relying on the Analytics. The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us. We reserve the rights to modify, alter, delete or withdraw the Analytics at any time without notice to you. All news, information, contents and other material displayed on the Website and Services including the Postings are for your general information purpose only and are no substitute for independent research and/or verifications and should not be regarded as a substitute for professional, legal, financial or real estate advice.