Cheras Centre Point is a development that is located in the heart of Cheras amidst a busy neighbourhood. It is located in a fully integrated area that is deemed to be the future commercial hub of Cheras with its easy accessibility to town and everything around it. Cheras Centre Point will be a busy development with its mixture of shop offices, showrooms and serviced residences. A project of low profile, Cheras Centre Point caters mainly to the middle income bracket.
The serviced residences of Cheras Centre Point will be situated amidst the hustle and bustle of the development. It will however give an illusion of peaceful quiet, with its low density of only 258 units. Buyers of the serviced residences will have a choice of give different layouts, ranging between 602 sf and 1,689 sf. The number of bedrooms housed in each unit ranges between one bedroom and 4+1 bedrooms, catering to buyers from all walks of life.
Cheras Centre Point is meticulously planned to be a lively neighbourhood in future. Amongst some of the well thought out facilities is the 24-hour CCTV surveillance to ensure the safety of residents. Another plus point of Cheras Centre Point is its abundance of over 1000 parking lots. The commercial tower of Cheras Centre Point may be linked to the street mall.
Cheras Centre Point is designed to be suitable for various types of businesses ranging from banks to salons. Restaurants are also some of the business owners that the developers wish to attract, along with convenience stores and also businesses that require showrooms such as the motorised vehicle industry and the like.
Cheras Centre Point is beautifully located its excellent accessibility to highways and a ready catchment of Cheras residents to serve as patrons. Of the nearby highways is the East-West Highway, Cheras-Kajang Highway, and Alam Damai Highway. The Middle Ring Road 2 (MRR2) is only 5 minutes away. By utilising these highways, tenants of Cheras Centre Point will be only 10 minutes away from the Kuala Lumpur city centre. In addition to these great access points, Cheras Centre Point is also located close to upcoming MRT stations.
With the excellent settings enjoyed by Cheras Centre Point, this is a development that has been much talked about in the market and online forums, praised for its excellent location and affordable prices. In spite of a lack of advertising, its previous have all been sold out with current buyers anticipating the new phases.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Cheras Centre Point | 0 | NIL | NIL | NIL | NIL |
| The Annex @ Medan Connaught | 2019 |
RM360,000
-
RM690,000
RM 369 psf - RM 709 psf |
RM605 - RM605 | NIL | 4.69 % |
| Vista Harmoni | 2013 |
RM227,000
-
RM750,000
RM 199 psf - RM 535 psf |
RM872 - RM872 | NIL | 2.08 % |
| Connaught Avenue | Mar 2012 |
RM270,000
-
RM520,000
RM 281 psf - RM 473 psf |
RM430 - RM430 | NIL | 3.39 % |
| Cheras Heights Condominium | 2012 |
RM386,000
-
RM638,000
RM 286 psf - RM 433 psf |
RM1,500 - RM1,500 | NIL | 3.28 % |
| The Corner @ Alam Damai | Nov 2011 |
RM760,000
-
RM1,450,000
RM 263 psf - RM 555 psf |
RM2,500 - RM2,500 | NIL | 2.71 % |
| Bukit Manda'rina | 2010 |
RM250,000
-
RM1,580,000
RM 318 psf - RM 509 psf |
RM1,100 - RM1,100 | NIL | 1.11 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | RM 900 psf |
| 500 - 1,000 SQ. FT | RM 378 psf | - | RM 266 psf |
| 1,000 - 1,500 SQ. FT | - | - | RM 122 psf |
| 1,500 - 2,500 SQ. FT | - | RM 730,000 psf | RM 3,800,000 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,612,000 psf | - |
| 4,000 SQ. FT and above | - | RM 2,480,000 psf | - |
Note:
| Down Payment (10%) | RM 39,912 |
| Loan Amount ( 90 %) | RM 359,213 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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