Section 1, Bandar Mahkota Cheras
Section 1 (also known as Seksyen 1) is a freehold landed housing estate located in Bandar Mahkota Cheras, Bandar Sungai Long. It consists of M-Row and Mahkota Residence. The built-up available at this project is 1,066 sf to 1,425 sf. It was developed by Lion Group.
Lion Group is a large real estate group, and it has undertaken around 21 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 and Section 6.
This landed housing estate is not very ideal for own stay or investment, because it has no amenities nearby.
The current market prices for Section 1 are from RM370,000 to RM460,000 (about RM330 psf); while the monthly rentals are from RM1,200 to RM1,300 (about RM0.93 psf). The highest median price psf ever recorded was RM386 psf in Q3 2015; while the lowest one was RM177 psf in Q2 2011.
The current rental yield of Section 1 is around 3.79%, compared to 3.34% a year ago in Q2 2018. The highest rental yield ever recorded was 3.91% in Q4 2016; 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 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 RM350 psf; while the cheapest one is 3-bedroom / 1,222 sf with a median price of RM300 psf.
Latest Section 1 for sale listings:
|07-Jun-19||Low-Cost Flat||1,164 sf||RM359,000|
|04-Jun-19||Low-Cost Flat||1,266 sf||RM345,000|
Latest Section 1 for rent listings:
|16-Jun-19||Room In Apartment||-NA-||RM320|
|12-Jun-19||Room In Apartment||-NA-||RM500|