Quartz Queens Residenz is a contemporary high-rise residential development located in Bandar Sri Permaisuri, Kuala Lumpur.
This innovative project by DWITASIK Sdn Bhd is designed to cater to modern urban living, offering a perfect blend of convenience, flexibility, and exceptional value.
With a variety of unit sizes and configurations, Quartz Queens Residenz is poised to meet the diverse needs of its residents, making it an ideal choice for homebuyers and investors alike.
Features
- Flexible Living Spaces: Offers dual-key and triple-key units, allowing for versatile living arrangements and rental opportunities.
- Affordable Pricing: Units are priced 30% to 55% lower than surrounding mixed-development projects, with a minimum price starting from MYR 590,000.
- Strategic Location: Situated in an integrated township with easy access to public transportation, including an on-site bus station and proximity to LRT Salak Selatan and KTM Salak Selatan.
- Proximity to Amenities: Conveniently located above a retail mall and near major shopping destinations like AEON Maluri, Sunway Velocity, and IKEA Cheras.
- Educational Institutions Nearby: Close to reputable schools and colleges, including SJK (C) Tai Thung and Sri Sempurna International School.
- Green Spaces: Within a 5 km radius of parks and recreational facilities such as Taman Tasik Permaisuri and Cheras Stadium.
- Healthcare Access: Near major medical centers, including Hospital Universiti Kebangsaan and Pantai Cheras Medical Center.
- Excellent Connectivity: Easily reachable via six major highways, including MRR2 and Federal Highway.
- Amenities and Facilities: Features include a gymnasium, swimming pool, and recreational spaces designed for residents’ enjoyment.
- Sustainability Focus: Incorporates eco-friendly features and green initiatives to promote environmentally-conscious living.
Project Details
Location: 6, Jalan Sri Permaisuri, Bandar Sri Permaisuri, 56000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Project Title: Commercial
Tenure Type: Leasehold
Minimum Price: RM 590,000 (Gross)
Maximum Price: RM 810,000 (Gross)
Area/City: Bandar Sri Permaisuri
Specification
Built Up: 702 – 1212 sf
Land Area: 12.5 Acre
Bedroom: 2 – 3
Max Unit: 216
Number of Blocks: 1 block
Number of Floors: 33 Floors
Lifts per Floor: 3 + 1 Lifts
Developer: DWITASIK SDN BHD
Expected Completion: Q4 2027
Sub Sale Market Analysis
Bandar Sri Permaisuri, located in Cheras, Kuala Lumpur, is a well-established residential area with a mix of high-rise and landed properties.
The sub-sale market in this area has seen various trends over the years, influenced by factors such as connectivity, amenities, and the overall property market conditions.
1. Transaction Prices:
- Medium-Cost Housing:Â Properties like Sri Penara Apartment and Cendana Apartment have seen prices ranging from RM190,000 to RM380,000 per unit, while Suasana Lumayan units are priced between RM450,000 to RM580,000[4].
- High-Rise Developments:Â Astana Lumayan, a condominium in the area, has sub-sale prices ranging from RM340,000 to RM628,000, with built-up sizes from 865 to 1,080 square feet[1].
- Price Trends:Â The overall property market in Bandar Sri Permaisuri has slowed down since 2019, with secondary market property prices expected to decrease by an average of 10% due to the COVID-19 pandemic[4].
2. Rental Prices:
- Rental Market Strength:Â The residential rental market in Bandar Sri Permaisuri remains strong due to its connectivity and proximity to the Kuala Lumpur city centre[4].
- Rental Rates:Â For properties like Astana Lumayan, rental prices range from RM1,100 to RM2,500[1]. Other developments like Queensville have studio units renting for RM1,600, with a built-up area of 526 square feet[3].
- Tenant Profile:Â The area primarily caters to lower- to middle-income earners, including government servants and GLC employees, whose incomes have been minimally impacted by the pandemic[4].
3. Key Insights:
- Connectivity and Amenities:Â Bandar Sri Permaisuri is well-connected to major roads and highways, and has easy access to amenities and public services, making it an attractive location for residents[4].
- Market Outlook:Â While the property market has slowed down, the rental market remains strong, with steady demand but stable rental rates[4].
- Property Types:Â The area offers a range of housing types, from affordable to medium-cost and high-end properties, catering to different segments of the population[4].
Sources:
- [1]Â jmbmalaysia.org
- [2]Â www.edgeprop.my
- [3]Â www.edgeprop.my
- [4]Â www.edgeprop.my
- [5]Â www.propertyguru.com.my
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