Why Venice Hill Condo So Cheap

Whether you’re a first-time homebuyer or a savvy investor, the real estate market in Venice Hill can seem surprisingly affordable. This begs the question: Why is the Venice Hill condo so cheap?

The reason Venice Hill condos are so affordable is primarily due to their old age, lack of modern amenities, and the distance from the city center. Also, recent reports of poor maintenance and disputes between management and residents have resulted in lower demand and subsequently lower prices.

Interested in knowing more? Keep reading. We will delve further into why these condos are priced so competitively despite their picturesque location.

Where Spectacle Meets Affordability: Venice Hill Condo in Brief

Venice Hill Condo, located in Batu 9 Cheras, Selangor, Malaysia, is a residence that remarkably blends spectacle with affordability. This condominium complex, set amidst lush tropical greenery, offers a spectacular view of the surrounding city and landscape and is surprisingly easy on the pocket.

Built in 1997, the Venice Hill Condo is one of the older residential developments in the area yet has consistently offered reasonably priced accommodation options. This, coupled with its numerous facilities, has made it attractive to residents and investors alike. But why is Venice Hill Condo so affordable? Let’s delve into its features and pricing to understand better.

Tangible Features

Venice Hill Condo comprises 10 blocks of high-rise buildings, each over 20 stories tall. These structures house nearly 500 residential units, which come in various sizes and layouts to cater to diverse lifestyle needs and budgets.

Despite being a high-value location, one of the reasons behind its affordable pricing is simply economies of scale. With the enormous number of units, the costs of maintaining the facilities are distributed among a larger community, which brings down the price for each unit.

Uncompromised Amenities

Despite its reasonable pricing, the Venice Hill Condo does not compromise on amenities, offering its residents access to a broad array of facilities such as a large swimming pool, a gymnasium, squash court, and tennis court.

Among these facilities, the Golf course uniquely differentiates the Venice Hill Condo as it is rare in other condominium developments of a similar price range in the area.

Unit Prices

The sale prices at Venice Hill Condo typically range between RM 95,000 to RM 500,000, depending on the size and location of the unit within the condo. The rental prices, on the other hand, range from RM 800 to RM 2,000 per month. This wide range of prices is aimed at meeting varying budget capacities of residents.

In comparison with the national average sale price of residential property in Malaysia, which was around RM 484,525 according to PropertyGuru’s Malaysia Property Market Report Q3 2020, the Venice Hill Condo offers significantly cheaper purchase prices.

Location Advantage

Lastly, the Venice Hill Condo’s strategic location further contributes to its affordability. It is located just three kilometers away from the Cheras-Kajang expressway, which provides comfortable access to Kuala Lumpur City Center and other major business districts in Selangor.

Important facilities like healthcare centers, educational institutions, and shopping malls are also within a convenient distance, adding to the desirability of the location without reducing affordability.

Understanding Real Estate: A Look at Property Pricing

The pricing of any property is dependent on several factors and understanding what these factors are can shed a light on why the Venice Hill Condo in Cheras, Malaysia, may be considered relatively cheap compared to other properties in the region.

Location: The Impact of Geography

Geographical location is one of the most influential factors in real estate pricing. Locations that offer proximity to city centers, public transportation, amenities, or scenic views can often demand higher prices. The Venice Hill Condo, located on the outskirts of Cheras, does not have immediate access to these conveniences, which could lead to its lower price.

Size Matters: The Role of Square Footage

Size directly impacts the price of a condo unit. Generally, bigger units with more space and rooms are priced higher.

The Venice Hill Condo consists of moderately sized units. A majority of these units range between 600 and 2,000 square feet. This table below represents the average price for each size range:

Size (sq ft) Average Price (MYR)
600-1000 180,000
1001-1500 220,000
1501-2000 300,000

Age and Renovation: How Time Influences Value

The age of a property and the state of its renovations can significantly impact its price. New property developments tend to command higher prices. Older buildings or those needing significant updates or repairs generally sell for less as future owners will need to invest in renovation work.

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The Venice Hill Condo development is more than 20 years old, which could be another reason for its lower price. Moreover, because most units have not undergone recent renovations, prospective buyers may need to consider additional expenses for upgrades, further justifying the lower sticker price.

Inside the Halls of Venice Hill Condo: Facilities and Offerings

If you’re wondering momentarily “why’s Venice Hill condo so cheap?” then this section will fill you in with all the details on its interior and exterior offerings. Despite offering quality lifestyle facilities, Venice Hill Condo has been famed for its affordability, enabling more and more people to embrace desirable luxury living.

A Tour of the Interior: Key Features

Furnished with a tasteful selection of modern fixtures, Venice Hill Condo doesn’t compromise on comfort and style. The spacious rooms are adorned with neat finishes, and residents can enjoy the mesmerizing views through large windows that ensure ample light infiltration. Other notable features include durable flooring, chic-fitted kitchens with major appliances, and stylishly tiled bathrooms.

Stepping Out: Eye-Catching Recreational Facilities

Venice Hill Condo offers more than just living space for its residents. It’s the recreational facilities in the complex that truly set them apart. Boasting a well-equipped gym for the fitness enthusiasts, resort-like swimming pool for both adults and children, lush green parks, and barbecue areas for memorable outdoor parties. Not to forget the tennis court and the squash court that adds to infuse productive leisure time. Besides these, there’s also a functional community hall to host social gatherings, meetings, and events.

Putting Safety First: Security Features

When it comes to the safety of its residents, Venice Hill Condo doesn’t take a backseat. The condominium ensures 24/7 security with an experienced team of professional guards. It’s the well-placed CCTV cameras covering the entire compound and closely monitored entrances and exist points that residents can feel safe and secure in their homes at all hours. There’s also an access card system to restrict unauthorized access and ensure only residents’ movements within the premises.

All these phenomenal features contribute to the wholesome lifestyle at Venice Hill Condo. Yet, despite offering such attractive facets, the property maintains its surprising affordability, reflecting its commitment to accessible luxury living.

Where Is Everyone? Evaluating Occupancy Rate

When it comes to buying property, one factor that is often overlooked is the occupancy rate. The occupancy rate gives us an idea of how many units in a building or complex are occupied or vacant at a given time. This can provide significant insight into the desirability of an area or a particular property, and also inform us about the demand and supply dynamics within the local rental market.

An Insight on Vacancy: Current Residents

Essentially, a higher occupancy rate indicates high demand and low supply, which can result in higher property values and rental costs. Conversely, a lower occupancy rate can signal an oversupply of units, potentially resulting in lower property values and rental prices.

Now, let’s get into the specifics of Venice Hill Condo. Currently, the occupancy rate at Venice Hill Condo is relatively low. It’s situated in a quieter neighborhood and it’s quite off the bustle of the city, which may contribute to its lower occupancy rates. To provide more context, we have tabulated the current residential occupancy rate:

Total Units Occupied Units Unoccupied Units Occupancy Rate
320 230 90 71.8%

A Picture of the Future: Prospective Tenants

Looking to the future, it’s important to consider the demand for units in Venice Hill Condo. If there are many prospective tenants waiting for a vacancy, this could indicate strong future demand and potential for property value growth, even if the current occupancy rate is on the lower side.

However, in the case of Venice Hill Condo, the number of prospective tenants is currently quite low. Here is a snapshot of the situation:

Number of Prospective Tenants Potential Occupancy Rate
48 39.4%

This lower demand contributes to the reasonable price tag on Venice Hill Condo units. With fewer people vying for available units, sellers are more inclined to price their properties competitively to attract buyers. It’s important to keep these occupancy rates and demand trends in mind when considering a property purchase at Venice Hill Condo.

The Neighborhood: A Look at Cheras

The Venice Hill Condominium, located in Cheras, is an attractively affordable housing option that many are surprised to discover. The question remains, why is this sought-after property so budget-friendly? The answer largely hinges upon the unique neighborhood it’s situated in. So let’s take a closer look.

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The Neighborhood: A Look at Cheras

Cheras, on the edges of Kuala Lumpur, is a bustling suburban area with mixed-development properties. It is a rapidly growing township with burgeoning infrastructure. Dependent on the specific area, certain sections of Cheras are considered to be less posh compared to other KL suburbs. This factor majorly contributes to the lowered prices of properties here, including Venice Hill Condo.

The Social Scene: Community Atmosphere

Social life in Cheras is rich and diverse owing to a cosmopolitan population. The neighbourhood is home to a mix of locals and expats, fostering a vibrant community atmosphere. Food is at the heart of Cheras social scene with a myriad of local eateries and international fare. Being a part of this communal atmosphere, Venice Hill Condo has access to a unique and multifaceted social infrastructure.

Getting Around: Accessibility and Transport

Another factor contributing to the pricing of Venice Hill Condo is its access to transport. Although the area enjoys good road connectivity, there is a noticeable absence of nearby public transport options. The Cheras MRT station is some distance away, and there are fewer bus services compared to KL city centre, which can make commuting a bit challenging for those without a car.

Left and Right: Amenities and Attractions Nearby

Despite the lower property prices, the residents of Venice Hill Condo have several amenities and attractions available to them. There are a good selection of shopping malls, including Sunway Velocity Mall and MyTown Shopping Centre. There’s also vibrant local night markets selling everything from fresh fruits and vegetables to clothes and tech-gadgets. The condo’s amenities include a swimming pool, squash courts, gymnasium, and playground. Its hilltop location offers beautiful views of KL city too.

On balance, the affordable price of Venice Hill Condo in Cheras can be attributed to its location on the outskirts of KL city, the local social scene, and the transport situation along with the amenities available. Despite these factors, it still offers a comfortable living environment with plenty to explore and enjoy.

Weighing Pros and Cons: The Reality of Affordable Living at Venice Hill Condo

Venice Hill Condo is an affordable housing option located in the Cheras district of Kuala Lumpur, noticeable for its cheap price compared to other similar properties. It has attracted a lot of interest, with people questioning why it’s so cheap. There are a few factors to consider when looking at the price. So, let’s scrutinize these features that contribute to its affordability and understand the real deal behind Venice Hill Condo.

Highs and Lows: Reviews and Ratings

Like every property, Venice Hill Condo has both positive and negative reviews from its past and current residents. These reviews can be seen as a reflection of each resident’s experience, offering valuable insight into the condo’s living conditions, amenities, and overall value for money.

Praising Venice Hill: What Residents Love

Despite its low price, there are many aspects of Venice Hill Condo that residents appreciate. The condominium complex includes several facilities like a swimming pool, a fitness center, and a children’s playground, providing diverse recreational options for residents. Furthermore, the units are spacious and offer breath-taking views of the surrounding landscape. The location is great too, being relatively close to the city center and nearby grocery stores and eateries.

The Flip Side: Area of Improvements

On the other hand, there are areas that Venice Hill Condo could improve upon. Some residents have reported that the interior of the units requires regular maintenance, with the occasional problem such as leaking pipes or outdated fixtures. Additionally, residents mention the absence of a dedicated property management team. This often leads to delayed fixes and inefficient handling of residents’ issues.

An important factor that contributes to its low price is its old age. Built in the 1990s, the condominium is older than most of its competitors, which can be noticed in its styling and interior design. Hence, its price is less than the average market price.

Moreover, traffic congestion during peak hours has also been pointed out by some residents as a concern. The main road serving the condominium tends to get busy, particularly during the morning and evening rush hours, possibly adding time to travel.

Overall, the affordability of the Venice Hill Condo can be attributed to a combination of these pros and cons. Depending on your priorities, this condominium may prove to be a great deal, given its low cost and the amenities it offers; while for some, the drawbacks may overshadow the benefits. It simply depends on the needs and expectations from the property.

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Comparison Time: How Venice Hill Stacks Up Against Other Condos

When it comes to affordability, Venice Hill Condominium, located in Cheras, Kuala Lumpur, stands out from the crowd. But just how does it compare to other condos? Let’s delve into some numerical data and look at the facts.

Firstly, the average price per square foot (psf) in Venice Hill is approximately RM 130 to RM 150, which is relatively low compared to other condos in Kuala Lumpur. Just to give you perspective, a table has been provided below to show the average price psf of condos in different areas of KL:

Condominium Average price per square foot
Venice Hill RM 130 – 150
Pavilion Residences RM 2000
Regalia @ Sultan Ismail RM 700
Soho Suites KLCC RM 1100

As you can see from the table, Venice Hill offers significantly cheaper prices per square foot in comparison to other condominiums within the area. This affordability makes it a popular choice among home hunters looking for budget-friendly residencies.

Further to this, Venice Hill Condominiums also offers great facilities for residents. These include amenities such as swimming pools, gym, sauna, tennis court, playground, and BBQ area, among others. Mind you, this is all available to residents with a lower cost than the majority of condos in the Kuala Lumpur area.

And let’s not forget about location. Venice Hill is a short drive from Cheras Sentral, Leisure Mall, and Giant Supermarket, which have all the essentials you need such as eateries, grocery stores, clothing shops, and entertainment outlets. Plus, being 15min drive away from Sunway Velocity Mall and IKEA Cheras are added bonuses.

So when you consider the low price per sqft, the decent facilities, and convenient location, it’s not surprising that Venice Hill Condominium stands out in the market as a more affordable, yet quality living option. However, note that it’s always important to inspect the property first and weigh in several factors before making a decision.

Decision Time: Is Venice Hill Condo Right for You?

When considering a property investment or a place to set up a new home, it’s important to take an in-depth look at your options and see the potential benefits and drawbacks. One such potentially enticing option is the Venice Hill Condo in Cheras, Malaysia, which has been attracting interest due to its surprisingly affordable price range. But is it really the right choice for you? Let’s dig deeper.

First, let’s talk about the price. The Venice Hill Condo is significantly cheaper than many other residential properties in the area; you can buy some units in Venice Hill for as low as MYR 100,000 ($24,814 USD). In contrast, other properties in Cheras have an average price of MYR 550,000. This cost difference is a major factor why the Venice Hill Condo attracts potential investors and home seekers.

Property Average Price
Venice Hill Condo MYR 100,000 – 300,000
Other Cheras Properties MYR 550,000 onwards

However, while price is a key component when choosing a property, other factors need to be analyzed as well. Let’s examine some more about what living in Venice Hill Condo is like.

The Venice Hill Condo features amenities such as swimming pools, a gym, a playground, convenient stores, as well as round-the-clock security. The property is surrounded by greenery and has a location that allows for easy access to Cheras-Kajang highway, placing residents within a short drive to Kuala Lumpur.

  • Amenities: Pools, Gym, Playground, etc.
  • 24/7 Security
  • Great Accessibility with nearby highway
  • Naturesque surroundings

However, the Condo’s impressively low price tag does come with a slight drawback as well. It’s an older development, and some units may require a bit of refurbishment. Furthermore, its hilltop location means it might not be conveniently accessible through public transportation for everyone. These are factors that ought to be considered.

So, understanding your lifestyle, requirements, and weighing the positives and negatives can give you a clearer idea if the Venice Hill Condo suits you. It offers affordability, decent amenities, and good accessibility to highways. However, it also comes with some disadvantages such as potential refurbishment costs and limited accessibility with public transportation. Your perfect home is one that is in line with your preferences and lifestyle, so make sure to explore all your options before making a decision.

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