You name it, they have it!
Now a tenants’ market, will Wangsa Maju and Setapak property keep its shine?
So, should investors still consider Wangsa Maju and Setapak?
EdgeProp Research: Transaction prices trending down in Wangsa Maju and Setapak
EdgeProp.my: Asking rental for condos in Wangsa Maju and Setapak
Other than F&B outlets, mom-and-pop shops and retail shops that cater to residents’ daily needs, there are also a host of shopping malls such as Setapak Central Mall (formerly KL Festival City), AEON Alpha Angle, Melawati Mall, AEON BiG and Wangsa Walk Mall to cater for the residents of Setapak and Wangsa Maju.
Situated in Kuala Lumpur, Wangsa Maju and Setapak are easily accessible via various highways such as Jalan Ampang, Duta-Ulu Kelang Expressway (DUKE), Middle Ring Road 2 and Ampang-Kuala Lumpur Elevated Highway.
The under-construction Setiawangsa-Pantai Expressway (SPE), formerly known as DUKE 3, is slated to be completed by 2021. The alignment of the SPE will traverse north to south of KL, serving areas including Universiti Tunku Abdul Rahman, Wangsa Maju, Setiawangsa, Ampang, the Tun Razak Exchage and Bandar Malaysia development corridor, and Kerinchi.
For residents in the Setapak areas, although currently there isn’t any rail public transportation available, residents could easily travel intercity through public buses.
The upcoming Sungai Buloh-Serdang-Putrajaya mass rapid transit (MRT) line which is expected to be completed by mid this year, will see the Sentul West station benefit the residents staying at the west side of Setapak.
Wide range of home choices
High-rise developments have been mushrooming in recent years, but there are also many other offerings for tenants or property buyers.
Monthly rental for rooms range between RM650 (for a single small room) and RM1,000 (master bedroom with en-suite bathroom), while rental for the whole unit could go down to as low as RM1,100 for a 770 sq ft two-bedroom unit in Seasons Garden Residences in Wangsa Maju, or RM2,500 for a partially-furnished four-bedroom unit in PV series condo, developed by Platinum Victory, in the Setapak area.
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