Axis Pandan, Taman Cempaka, Pandan Indah

Axis Pandan is a leasehold integrated office, residential & retail hub located in Taman Cempaka, Pandan Indah. It consists of Axis Atrium, Axis Crown, Axis Residence and Axis SOHU. There are 558 apartment units and 154 SOHO units available at this project with built-up from 739 sf to 1,040 sf for apartment units, 488 sf to 4,495 sf for retail units and 550 sf to 739 sf for SOHO units. It was developed by RK Group with a launch price of around RM150 psf for apartment units, RM370 psf for SOHO units, and was completed about Early 2011.

RK Group is a mid-sized real estate group, and it has undertaken around 5 real estate projects in Malaysia. Other similar projects by the same developer are Axis Atrium, Axis Crown, Axis Residence and Axis SOHU.

This integrated office, residential & retail hub has many amenities nearby, such as schools, hospitals and metro transport stations. The following are some of the major schools here:

• SK Pandan Jaya
• SMK Pandan Jaya
• SRK Taman Nirwana

As for hospitals, there are Joe Medical Center and Joe Medical Centre. There are also some metro transport stations here, e.g. LRT Cempaka and LRT Pandan Indah.

The current market prices for Axis Pandan are from RM360,000 to RM430,000 (about RM440 psf) for apartment units, RM440,000 to RM4,300,000 (about RM1,820 psf) for retail units and RM290,000 to RM360,000 (about RM490 psf) for SOHO units; while the monthly rentals are from RM1,500 to RM1,800 (about RM1.88 psf) for apartment units, RM1,200 to RM5,000 (about RM3.18 psf) for retail units and RM1,300 to RM1,400 (about RM2.59 psf) for SOHO units. The highest median price psf ever recorded was RM574 psf in Q2 2015 (Apartment), RM1,946 psf in Q4 2013 (Retail) and RM676 psf in Q1 2015 (SOHO); while the lowest one was RM150 psf in Q1 2009 (Apartment), RM105 psf in Q2 2019 (Retail) and RM341 psf in Q2 2010 (SOHO).

The current rental yield of Axis Pandan is 5.86% for apartment units, 4.44% for retail units and 5.47% for SOHO units. The highest rental yield ever recorded was 7.26% in Q4 2012 (Apartment), 6.0% in Q1 2016 (Retail) and 8.05% in Q3 2012 (SOHO); while the lowest one was 4.01% in Q4 2016 (Apartment), 4.44% in Q2 2018 (Retail) and 4.51% in Q1 2016 (SOHO). Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Axis Pandan for apartment units is 2-bedroom / 835 sf with a median price of RM440 psf. For price wise, the most expensive one is 2-bedroom / 739 sf with a median price of RM490 psf; while the cheapest one is 2-bedroom / 890 sf with a median price of RM410 psf.

Meanwhile, the most popular layout and size combination at Axis Pandan for retail units is 488 sf with a median price of RM1,820 psf. For price wise, the most expensive one is 488 sf with a median price of RM1,820 psf; while the cheapest one is 4,495 sf with a median price of RM100 psf.

Lastly, the most popular layout and size combination at Axis Pandan for SOHO units is 2-bedroom / 739 sf with a median price of RM490 psf. For price wise, the most expensive one is 1-bedroom / 550 sf with a median price of RM520 psf; while the cheapest one is 2-bedroom / 739 sf with a median price of RM490 psf.

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