Section 1, Bandar Mahkota Cheras
Section 1 (also known as Seksyen 1) is a freehold landed housing estate that is located in Bandar Mahkota Cheras, Bandar Sungai Long. It consists of M-Row and Mahkota Residence.
The built-up available in this housing estate is 1,066 sf to 6,369 sf. It was developed by Lion Group.
Lion Group is a large real estate group, and it has undertaken around 26 real estate projects in Malaysia. Other similar projects by the same developer are Banyan Close, Eastpark 72, Quartz Villa, Section 2, Section 2, Section 3, Section 5, Section 6 and Serimba.
This landed housing estate is not very ideal for own stay or investment, because it has no amenities nearby.
The current rental yield of Section 1 is around 4.29%, compared to 4.5% 2 years ago in Q1 2021. The highest rental yield ever recorded was 5.6% in Q4 2022; while the lowest one was 2.86% in Q1 2015. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Section 1 is 3-bedroom / 1,396 sf with a median price of RM330 psf. For price wise, the most expensive one is 3-bedroom / 1,066 sf with a median price of RM340 psf; while the cheapest one is 4-bedroom / 1,425 sf with a median price of RM280 psf.
Latest Section 1 sale listings:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| 13 Aug 2023 | Condominium | 1,425 sf | RM460,000 |
| 24 Jul 2023 | Condominium | 1,302 sf | RM336,000 |
| 7 Jul 2023 | Condominium | 1,164 sf | RM342,000 |
| 22 Jun 2023 | Condominium | 1,378 sf | RM320,000 |
| 19 Jun 2023 | Condominium | 1,378 sf | RM320,000 |
| 19 Jun 2023 | Condominium | 1,378 sf | RM320,000 |
| 18 May 2023 | Condominium | 1,378 sf | RM356,400 |
| 17 May 2023 | Condominium | 1,378 sf | RM356,400 |
| 14 May 2023 | Condominium | 1,323 sf | RM410,000 |
| 17 Apr 2023 | Condominium | 1,378 sf | RM396,000 |
Latest Section 1 rental listings:
| Date | Property Type | Built-up | Rental |
|---|---|---|---|
| 5 Jun 2022 | Condominium | 1,396 sf | RM1,500 |
| 30 May 2022 | Condominium | 1,280 sf | RM1,200 |