Ampang Hilir, or more widely-known as Embassy Row, is making waves it’s seen to be a viable alternative to the glut of condominiums in the KLCC enclave. One of these residential properties here caught our eye—and it’s about time we introduce you to Madge Residences, a freehold low-density condominium which houses only 21 units.
The Madge Residences is composed of three blocks that have 4.5 storeys each. Low-density condominium lovers would love the privacy and exclusivity this condominium offers, as well as the modern facilities that make living comfortable and convenient on a daily basis.
The Madge Residences units were made available to the public back in 2005, in which units were sold at a price of around RM600 per square feet. This figure has then increased in 2007, wherein recorded transacted sales prices for units reached an estimated RM1,000+ per square feet.
Given the low density factor of this condominium, the transactions were relatively scarce and so the price PSF tends show some “fluctuation“. It is therefore advisable to always base your pricing designs on actual transacted prices which you can find through JPPH. A guide on how to do this can be found here (it’s free).
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Layout x Facilities
All high-end condominiums boast of superior facilities and amenities for its residents enjoy. Madge Residences isn’t far behind—as its list of amenities and facilities include:
- Wading pool
- A playground
- Barbecue area
- Swimming pool
- Covered parking for residents
- 24-hour security
As for its unit’s sizes, oh boy do they come spacious. We are talking about built-up areas here that measure at 6,550 square feet, making it the perfect choice for large or growing families who would like to reside in a community that offers exclusivity and convenience.
What to Do in Ampang Hilir
Ampang Hilir isn’t called “Embassy Row” for nothing. A large number of the Madge Residences residents are composed of expatriates, which isn’t surprising, as the Chinese Embassy, Embassy of North Korea, and the Myanmar Embassy are all within walking distance from the condominium. Furthermore, other places located near the Madge would include 9 Madge, Desa Palma, and the Lanson Places.
Parents who would like to send their children to international schools wouldn’t be disappointed, as the condominium is closely located to the Fairview International School and the Sayfol International School. Other schools like SMK Puteri Ampang, SJK Ching Hwa, SMK Sri Ampang, and the Goethe Institute are also nearby.
Shopping would be a breeze for the Madge residents. AmpWalk shopping centre is conveniently located within walking distance. Going to the Pavilion, Times Square, Suria KLCC, Great Eastern Mall, Ampang Point, and Lot 10 can be done through a short drive. Restaurants can be accessed by foot—these fine restaurants include Tsuruya Japanese, Royal China Restaurant, Bangles Restaurant, Bombay Palace, Victoria Station, and Roadhouse Grill.
Ampang Hilir is slowly becoming populated with residential properties, as low-density condominiums increase in number. Madge Residences is surrounded by other low-density condominiums such as Desa Palma and The Madge—proving how the demand for low-density condominiums has increased over time. This being said, Ampang Hilir is at risk for becoming a “concrete jungle” that would probably make potential residents and investors uncomfortable with all the construction work noises, traffic congestions, and air pollution.
Our two cents go to the large and growing families which are more likely to get attracted to the Madge Residences. The condominium’s extremely large built-up areas may be hard for singles to maintain, let alone to fill. While its location is topnotch, one should also keep in view the possible overabundance of residential properties in the area that would decrease the “exclusivity” factor of Ampang Hilir.
Finally, the importance of “nailing” the buying price cannot be overstated especially in the case of properties with huge build up areas; it’s likely that the asking prices would start around RM6.5 million. For this price level, one would need a lot of persuasion to want to live in a condominium vs a bungalow (at this price, one could get an older, middle sized bungalow on Kenny Hills). Therefore, it’s important to know how to value this property; and this can be made easier using this guide (free courtesy of GoodPlace.my) –