Situated in the heart of Kelana Jaya is the residential, high-density condominium called Shang Villa. This freehold condominium is located in the quiet and serene environment of SS7, specifically on Jalan Stadium 7/15, in Kelana Jaya next to the Jabatan Hasil and near the stadium.
From afar, Shang Villa looks rather monstrous and highly dense – it’s an almost unmissable block (or rather two blocks) of concrete. Each block is comprised of 18 storeys, and its total number of units is around 500. Imagine each unit being inhabited by five people, and you’ve got 2,500 people in this area assuming full occupancy. Every floor houses a total of 12 to 14 units. Built-up areas for units start at 1,050 square feet.
Pricing trends for the Shang Villa seems to be rather consistent at around RM450 PSF. Comparatively, Tiara Kelana condominium is much lower at around RM350 PSF while D’aman Crimson is comparable at RM450 PSF. Shang Villa and D’aman Crimson is both freehold while Tiara Kelana is leasehold; this may help to explain the discrepancy in prices despite the similarities between the properties. It’s also interesting to note that Sterling is priced higher at around RM475-500 PSF despite being leasehold; it is a newer development (completed in 2008). To check if RM450 PSF is a fair price for Shang Villa, use this rather simple price valuation guide which you can download here (opens up in a new window).
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Facilities & Location
Shang Villa also has a multi-purpose hall for community gatherings and other social events, as well as a children’s playground, a salon, and a mini mart. The condominium also offers a 24-hour security for its residents. The condominium also features typical condominium facilities and amenities, including a swimming pool, a badminton court, a sauna, a tennis court, a nursery, and a basketball court. Rather ho-hum, but surely you don’t expect Troika-level facilities here, do you? 😉
Kelana Jaya is continuing to develop, as more and more commercial complexes and business offices are being built around the area. Nearby attractions and recreational spots include the MBPJ Stadium, the Kelana Jaya Park, the Kelana Sports Centre, Malaysian Airlines Training Academy, the Kelana Centre Point, and Tengku Kelana Jaya Putra Mosque. Golfers can reach the Subang National Golf Club easily, as it is located within a short walk from the Shang Villa.
Malls that are located nearby are also plenty. They include One Utama, the Subang Parade, Sunway Pyramid, and the Giant Mall. Paradigm Mall is a new addition to the area, and this may prove to be a sub sale price booster.
Reaching Kelana Jaya is convenient. Jalan SS7/13 can be reached via the Damansara-Puchong Highway (LDP). Jalan SS 7/2 is also connected to Jalan Lapangan Terbang Subang, and also the Federal Highway.
When it was completed, the Shang Villa was a leasehold development, being in the same level such as other Kelana Jaya residential developments, such as Sterling and Kelana Mahkota. However, it became a freehold development as years went by, and this move immediately made it attractive to investors and residents. The condominium became the one of the primary choices among other leasehold properties in the Kelana Jaya area.
Other than this, the Shang Villa also has its units rented out or sold at reasonable prices. In terms of investment, this condominium may have tghe potential to give out a high rental yield. For future investors who are interested, some think that this a good time to consider this condominium as a potential investment when prices are comparatively low. Residents will also find the condominium’s reasonable prices attractive, plus it won’t hurt that the Shang Villa also has all the facilities and amenities residents may need, all of which are neatly presented in a quiet, convenient location.
To valuate the fair price for a unit at Shang Villa, download this guide below –