Bandar Mahkota Cheras

  • Property Type
    Flat,Cluster House,Detached,Low-Cost House,Terraced House
  • Tenure
    Freehold,Leasehold
  • District / Planning Area
    Cheras South
About Bandar Mahkota Cheras

Bandar Mahkota Cheras, located in district of Ulu Langat, Selangor, was established around the year 2000 by developer Narajaya Sdn Bhd. This township, covering over 1000 acres, was considered as one of the desired location about a decade ago for KL housebuyers who were looking for affordable houses and for those who were aiming for a suburban lifestyle away from the city. The neighbouring townships are Bandar Baru Sg Long, Bandar Tun Hussein Onn and Taman Cheras Vista. Bandar Mahkota Cheras offers variety of properties, ranges from low cost flats to semi-detached villas. The township has a good balance between highrise and landed properties and currently has a population of more than 50,000 people with more than 50 per cent of Chinese residents. The township a matured neighbourhood with plenty of amenities and facilities needed located within the township and in its vicinity. Although price of properties have been appreciating since the launch of this township, Bandar Mahkota Cheras had its fair share with bad publicities over the years. The most talked about is the bad traffic condition, where residents have gone to the extent of calling the township not ideal for living. Residents also blames the lack of proper planning of the township. Property prices at this freehold township is still considered at the affordable range and is expected to be appreciating with the MRT operations, which is expected to start this year. Bandar Mahkota Cheras is well-known and sought after because of the various amenities and facilities in the township and its surrounding area. Mahkota Walk, the main commercial centre of the township offers wide range of shops such as F&B, convenience store, hardware stores, car workshops, gymnasiums, clinics and banks. Shopping facilities such as Aeon Jusco can be found in the township and other shopping choices such as Giant, Cheras Sentral, Lesiure Mall, and The Mines are located nearby. Schools nearby Bandar Mahkota Cheras include SMK Bandar Tun Hussein Onn, SMK Cheras Perdana, SMK Bandar Baru Sungai Long, SK Bukit Raya, SMK Perimbun and Sekolah Antarabangsa Sri Cempaka. Higher educational institutes in the vicinity are Universiti Tunku Abdul Rahman, A nursing college, Masterskills Nursing College, Institut Pegurusan Veterinar and Universiti Putra Malaysia. Nearest hospitals from the towship are KPJ Kajang Secialist Hospital and UKM Hospital. Bandar Mahkota Cheras is strategically located with easy access to both Kuala Lumpur and Kajang. The township is accessible via North-South Highway (PLUS), Grand Saga Highway, BESRAYA highway, MRR 2, SILK Highway and LEKAS Highway. The township also has two main dual carriageway roads, Persiaran Mahkota Cheras 1 and 2 running through BMC. The nearest MRT stations from Bandar Mahkota Cheras are Batu Sebelas Cheras station, Bandar Tun Hussein Onn station and Bukit Dukung station. There are also bus services in the area.

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Profitable Transactions (Limited to 5 Total of 9 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
17 Apr 1312 Jun 191,227 ft²31029850,0002.3
26 Apr 1303 Oct 181,109 ft²31125049,0002.9
29 Aug 1330 Aug 181,098 ft²29128010,0000.6
15 Mar 1304 Apr 181,098 ft²29925348,0003.2
12 Feb 1416 Jun 171,098 ft²33728060,0005.4

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. In addition, there are 4 more profitable transactions.

Unprofitable Transactions (Limited to 5 Total of 6 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
03 Apr 1303 Apr 171,216 ft²245269--
10 Feb 1402 Oct 141,109 ft²322322--
04 Mar 1403 Apr 141,109 ft²307307--
23 Jul 1304 Dec 131,109 ft²271271--
16 Apr 1323 Apr 131,109 ft²262262--

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. In addition, there are 1 more unprofitable transactions

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