Spring Avenue

Jalan Damai 2, Kuchai Lama, Kuala Lumpur

About this project

Spring Avenue is a low density development strategically located in Kuchai Entrepreneurs Park in Kuchai Lama. It is a home that is designed for convenience, situated in the middle of the city with shops on the ground floor and a multi-storey parking lot for residents. There is everything from good food to car wash shops within a stone’s throw from home, making it the ideal home for those who seek convenience of lifestyle. Kuchai Lama is already a popular name in the property market among buyers and investors alike for their lifestyle conveniences or investment, respectively. It is an area which its prices have been increasing in the recent years due to its convenient location between 5 and 10 minutes of the Maju Expressway (MEX), NorthSouth Highway, SMART Tunnel and New Klang Valley Expressway. These highways place the Kuala Lumpur City Centre at less than 15 minutes away from Spring Avenue and Petaling Jaya at approximately 20 minutes. All units offered by Spring Avenue are one size that fits everyone, is partially furnished and comes with two parking bays with the direction of the units facing east. The developer of Spring Avenue defines the property as a ‘jewel in the sky’ and promises to provide style, comfort, and convenience all under one roof with a reasonable price. Potential buyers will however want to note that this development is located literally opposite the NSK hypermarket and is also within close walking distance to the Ajinomoto factory. The main road leading to Spring Avenue is normally also a quagmire of traffic congestion where it is typical to hear the blaring of irate drivers' horns at as early as seven in the morning. As such, Spring Avenue would probably do well in the rental market to foreigners, otherwise families should stay away from this development or suffer the same fate as De Tropicana Condominium down the road where the majority of its residents are female foreigners from Thailand and China with questionable occupations, Ajinomoto factory and NSK hypermarket workers. Credit : Propsocial 26.11.2019
Property Type
Condominium/Apartment
Total Units
306
Completion Year
2017
Beds
3 - 3 bedrooms
Built up
990 sqft - 990 sqft
Transacted Price
RM 416,000 - RM 680,760
Asking Price (Sale)
RM 408,000 - RM 620,000
Asking Price (Rent)
RM 1,500 - RM 2,200
Developer name
Choo Tian Sdn Bhd

Location

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Past Transactions

Transaction DateAddressBuilding TypeFloorsLot SizePrice PsfPrice

Historical Monthly Price Range & Volume

Profitability

Profitable Transactions (Limited to 5 Total of 1 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
17 Apr 1929 May 19990 ft²656420234,0004734.9

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

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