Feng shui masters have a common saying that houses leaning against the mountains bring good luck to people living in it. Since it is difficult to secure such a place in an urban setting, many have to travel far and wide into the rural areas in search of such a property. Aside from following feng shui, buyers also want to enjoy the greenery and relaxed lifestyle away from the hustle and bustle of the city.
But what if you do not need to travel far to find such a dream home?
Why You Should Invest in Property in Setiawangsa
Setiawangsa is an eastern suburb in Kuala Lumpur located just 4km away from the city centre, right next to Ampang.
Positioned high up on the hills, Setiawangsa has all the elements of a quiet and peaceful neighbourhood while also being accessible to urban life. Properties at Setiawangsa Heights include a wide range of prices and types, from luxurious condominiums to low-cost apartments.
With its ample green surroundings and high-end lifestyle, Setiawangsa Heights has been dubbed as the Hollywood Hills of Kuala Lumpur.
Early reviews of new residential projects within the area are positive across the board, especially for hillside properties located near the highway and LRT station. You can easily drive to Setiawangsa via the Duta Ulu Klang Expressway (DUKE) or through the Middle Ring Road 2 (MRR2). If you prefer public transportation, you can take the LRT at the Setiawangsa station along the Kelana Jaya line.
Residents do not need to travel far to find cheap and tasty Malaysian street food. Every Saturday, a night market is held at the nearby Jalan AU3 Keramat. Savour classic Ramli burgers, Malay Kuih (traditional Malaysian dessert), fried rice, noodles, and so much more.
For some added shopping variety, there is also the AEON Mall A2 Setiawangsa and Great Eastern Mall further down south. Melawati Mall is only 10 minutes away, while IKEA Cheras and MyTown are about 20 minutes away.
For medical facilities, there are plenty of clinics set up within the Setiawangsa Business Centre, where you will also find plenty of office buildings and employment opportunities. The HSC Medical Centre and Gleneagles Medical Centre are also a short drive away.
With all of the considerations above, it is safe to say that Setiawangsa is an ideal place for buyers looking for a family home. Well, the surprise does not end there because Setiawangsa also houses SK Setiawangsa, one of the most prestigious national primary schools in Kuala Lumpur.
Sekolah Berprestasi Tinggi (SBT), or High-Performance School, is a prestigious title conferred to a very select few schools in Malaysia that have excelled in all aspects of education. SK Setiawangsa is one of the seven selected national primary schools that has been awarded this title for the second cohort of SBT.
Setiawangsa is also the home to the secondary school SMK Taman Setiawangsa, located right alongside the DUKE highway beneath the Setiawangsa Hill.
One might assume that the properties within Hollywood Hills of Kuala Lumpur would fetch Hollywood-level prices. But you would be surprised to know properties in Setiawangsa have consistently been cheaper than the average property in Kuala Lumpur for the past seven years.
Setiawangsa has a diverse range of properties, from expensive landed units to affordable apartments, so property buyers are spoiled for choices here. The median average for properties here is at RM327 psf while Kuala Lumpur properties average about RM450 psf.
If you’re looking at a property in Setiawangsa worth RM230,000, expect to shell out 10% down payment while obtaining a 35-year loan at the current low-interest rate of 3.75%. You are looking at a monthly commitment of only RM886, a figure that is highly accessible to low-income earners and fresh graduates.
If you’re looking for a mountaintop sanctuary, then consider buying a home in Setiawangsa – an affordable paradise just a stone’s throw away from the city centre.
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