NEW CONDO,Kepong,Vista Mutiara

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Vista Mutiara
This leasehold property was completed in 2008 by timber company, Aik Bee Timbers who also developed Pearl Point Shopping Complex in Old Klang Road and Pearl Vista in Kepong Baru.
Still a pretty new property, Vista Mutiara stands 22-storey high with the first three floors being an elevated carpark and has more than 500 units on the property. The smallest unit in the property is about 950 sf while the largest unit is over 2,000 sf. There are no penthouse units here.
Vista Mutiara provides plenty of facilities, from CCTV surveillance and 24hr security, swimming pool and wading pool, playground, convenience shops and even a kindergarten. Surrounding the property, there is a large food court area, clinics, banks, supermarkets and even Carrefour hypermarket is within walking distance. Primary and secondary schools are also within walking distance of the condominium.
Property Details
•        Name: Vista Mutiara
•        Address: No.1, Jalan Vista Mutiara Off Jalan Kepong, Kepong, 52100 Kuala Lumpur
•        Developer: Aik Bee Timbers
•        Completed Date: 2008
•        Type: Condominium
•        Tenure: Leasehold
•        No. of Blocks: 2
•        No. of Storey: 22 (including 3-storey carpark)
•        No. of Units: 500+
•        Built-up: 950 sf – 2,000 sf
•        Maintenance Fee: RM0.12 psf
•        Launch Price: From RM140,000
•        Subsale Price: From RM220 psf
•        Rental: RM0.80 psf
Facilities
•        Covered parking
•        Swimming pool
•        Wading pool
•        24hr security with access card entry
•        CCTV in lifts
•        Playground
•        Convenience stores
•        BBQ area
•        Business centre
•        Kindergarten
•        Salon
Analysis
The location of Vista Mutiara is very convenient and close to many amenities. Located along a busy stretch of commercial units, the condo is within walking distance to Carrefour, Jaya Jusco Supermarket, banks, shops, primary and secondary schools.
Vista Mutiara itself is also equipped with many facilities with an affordable maintenance fee monthly. AMBank Kepong is the landmark to turn into the condo property.
Plenty of issues arose since the completion of Vista Mutiara up till 2010, where the Joint Management Body (JMB) sued the developer for compensation. Things have improved since although the area seems to attract a certain crowd of people, and there were 2 separate incidents of individuals found with drug possession within the property.
There has been a slight increase in capital appreciation since the launch of Vista Mutiara back in 2005. Rental is very affordable at RM0.80 psf since the area is very accessible and close to public transportation and other amenities.
Residents of Vista Mutiara enjoy the many facilities provided, and the property being very new with many leasehold years left is not a deterrent for investors.
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