Located near one of Kuala Lumpur’s more well known (and prestigious) residential enclaves, Ampang Hilir, is Mutiara Upper East. Built by Nadayu Properties (then known as Mutiara Goodyear), Mutiara Upper East was completed in 2008. Two years prior to its completion, it was claimed that 50% of the buyers were from overseas. Indeed, foreigners constitute a major portion of the tenant mix here, which comes as no surprise as it is near the Embassy Row as well as the city centre.
Mutiara Upper East is technically located in Desa Pandan, next to the grounds of the Royal Selangor Polo Club on Jalan 1/76. It is surrounded by medium and low cost flats (government quarters, Desa Pandan apartments); the nearest mid-range condominium is Menara Polo which is about 500m away.
Based on current listings in local property sites, asking prices for Mutiara Upper East range from RM520 to RM640 PSF. Comparatively, Menara Polo is significantly cheaper although asking prices have been creeping up to RM300 PSF in the last few months. To check if these are fair prices to pay, be sure to use our property valuation guide which you can download here for free courtesy of GoodPlace.my.
Rental rates range from RM2.20 to RM4.00.
Mutiara Upper East is a high-density leasehold condominium consisting of two 23-storey blocks. It was built with the concept of East-West fusion, with its modern facade and Feng Shui elements.
The property’s two blocks house a total of 294 units of various layouts. Units have built up sizes from 1,281 to 6,319 sqf, catering to various lifestyles. Of the 294 units at Mutiara Ampang, majority (248 units) are standard units and are sized from 1,281 to 2,109 sqf. The rest are duplex (32), twin (2), “bungalowminium” (4) and penthouse (8) units which have built-up sizes from 5,994 to 6,319 sq ft.
Each unit is finished with marble flooring, quality fittings, air conditioning units, water filtering system, kitchen cabinets and appliances, centralized vacuum system and water heaters. Units also have huge bathrooms.
The larger units are said to have been built with Asian tradition (large family gatherings) in mind. Each unit has a French-inspired balcony.
Residents of Mutiara Upper East enjoy the following facilities:
- Grand lobby
- Reading area
- Cascading pool
- Lap and wading pool
- Multipurpose hall
- Barbecue pit
- Bamboo garden
- Foot reflexology garden
- Meditation garden
- Kids’ playground
- Tennis court
- Mini market
- Covered carpark (2 for every unit)
Additionally, the property has, not just one, but three themed gardens: Palm Promenade, Zen Bamboo Groves and Eugenia Courtyards. Some of the units are also afforded the luxurious view of the country and polo clubs nearby.
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It seems that Mutiara Upper East gets marketed by some property agents as “Embassy Row”, but in actuality it’s located in the borders of Desa Pandan. This somewhat reminds me of Segambut Dalam apartments which are rebranded as Mont Kiara condominiums 😉
Although the property is situated in one of KL’s less dense communities, it is located among old low-rise low- and medium-cost apartments. Therefore, if you are residing in one of the lower floors, your views will be mainly of these apartments, which are not too pleasant. The property itself gives a luxurious feel but once you step out of it, it feels as if you stepped into a totally different world. If these are something that would bother you, then you better be looking at other properties. But if these are not major concerns, then this property might be perfect for you, especially if you need to get away from the hustle and bustle of the city centre.
With its asking price exceeding RM500 PSF even for a mid-range condominium, we tend to prefer comparable properties up north in the Setiawangsa area (such as One Jelatek or Seri Maya); we simply are unsure how much premium that the “near Ampang Hilir” attribute really commands in today’s Malaysia property market. To find out if the asking price is truly reflective of fair market value, use this simple guide which we will email you once you filled the form below –