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Property Review Video Contributed by iherng
Majestic Maxim is a serviced residence located in Taman Connaught, Cheras. The development has 4 blocks of 44 storey towers, and consists of a whopping 2,136 units, with each block getting 534 units. The project is estimated to be completed by 2021.
The serviced residence has released 2 layouts for its units, Type A/A1 and Type B/B1. Type A/A1 has a built-up of 650 sf, and comes with 2 bedrooms and 2 bathrooms. Type B/B1, on the other hand, is sized at 819 sf, and has 3 bedrooms and 2 bathrooms. The units have starting price from RM294,000 onwards, and currently target the mass, with its built-ups and layouts catering to those who are single, working, and ones with families.
For busy city dwellers, Majestic Maxim has everything covered with the facilities that it carries within. Sports courts for basketball, badminton, volleyball, futsal, and table tennis are provided for tenants who are looking to break a sweat without leaving home. For residents who are looking to rest and relax after a long day of work, there is a swimming pool to have a dip in, as well as a jacuzzi. There is also a landscaped garden to have a leisurely stroll around. A yoga deck is also provided for the avid practitioners.
For children, there is also a wading pool and a playground within the grounds of the residence. There is also a barbecue area and a cafeteria provided for social gatherings. Of course, there are shops that are located at the ground floor of the serviced residence for tenants to enjoy.
Should there not be enough choices provided at the shops within Majestic Maxim, there are plenty of amenities that surround the residence. On Wednesdays, tenants can be treated to the famous Taman Connaught Night Market, which can be reached just by walking. On other days, the Taman Connaught Night Market site is a long commercial hub, which consists of banks, restaurants, service centres, and boutiques.
Other than that, Cheras Sentral Mall is within walking distance, and the Leisure Mall can be reached with just a short drive. Students of USCI, which is located within the township, can also consider renting a unit in the serviced residence.
Majestic Maxim has easy access to the Cheras-Kajang Highway (CKE), and can link to the East-West Highway. If traffic is a problem, the serviced residence is just a stone’s throw away from the Taman Connaught Mass Rapid Transit (MRT) station.
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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 (%) |
---|---|---|---|---|---|
Majestic Maxim | 2021 |
RM298,888
-
RM390,000
RM 459 psf - RM 480 psf |
RM1,100 - RM1,100 | NIL | 3.55 % |
Altitude 236 | Oct 2014 |
RM649,000
-
RM1,300,000
RM 358 psf - RM 719 psf |
RM3,300 - RM3,300 | NIL | 3.59 % |
Vista Harmoni | 2013 |
RM260,000
-
RM780,000
RM 199 psf - RM 557 psf |
RM872 - RM872 | NIL | 1.95 % |
Connaught Avenue | Mar 2012 |
RM299,000
-
RM455,000
RM 314 psf - RM 491 psf |
RM150 - RM150 | NIL | 3.1 % |
Cheras Heights Condominium | 2012 |
RM538,000
-
RM638,000
RM 375 psf - RM 446 psf |
RM1,500 - RM1,500 | NIL | 2.86 % |
The Corner @ Alam Damai | Nov 2011 |
RM760,000
-
RM1,450,000
RM 321 psf - RM 555 psf |
RM2,500 - RM2,500 | NIL | 2.71 % |
Taman Taynton View | 2010 |
RM590,000
-
RM4,000,000
RM 288 psf - RM 833 psf |
RM1,400 - RM1,400 | NIL | 0.99 % |
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 400 psf | 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 2,152,842 psf | - |
Note:
Down Payment (10%) | RM 29,400 |
Loan Amount ( 90 %) | RM 264,600 |
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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