The Azure Residences, Kelana Jaya Insights

Developer	:WCT Land Sdn Bhd
Architect	:
Main Contractor	:
Land Size (sqm)	:
GFA (sqm)	:
Plot Ratio (Incl. Bonus)	:
Project Name	:The Azure Residences
Street Name	:Off Paradigm Mall, Damansara - Puchong Highway LDP, 47301, Selangor
Postal Code	:47301
Property Type	:
Tenure	:
District/Planning Area	:Kelana Jaya
Completion	:N/A
Number of Landed Units	:0 units
Number of Non Landed Units	:189 units
Sold Price Range/Average*	:RM 722 psf - RM 784 psf / RM 754 psf
Leased Rental Range/Average**	:
Implied rental yield**	:4.62%
Historical High	:RM 950 psf in Dec 2018 for a 947-sqft unit
Indicative Average Price from Historical High	:%
Historical Low	:RM 522 psf in Feb 2021 for a 958-sqft unit
Buyer Profile by Residential Status	:
Buyer Profile by Purchaser Address	:

*Based on transactions in the last 48 months.

**Based on asking rental data in the last 12 months. May not be representative.

About This Project

The Azure Residences is a new high rise property development in Kelana Jaya. This highly iconic tower is part of an integrated development which incorporates Paradigm Mall, The Azure Residences and the development of an upcoming office tower. The Azure Residences a refreshing concept as it incorporates a modern lifestyle with dedicated recreational spaces. Residents will literally be a stroll away from Paradigm Mall with its many shopping pleasures via the dedicated pedestrian bridge which will span the distance from the serviced apartment to the mall. Residents of The Azure Residences will be able to shop for groceries at the Tesco hypermarket in Paradigm Mall, or if the selection of gym facilities within The Azure Residences are not to their tastes, there is a Fitness First outlet at the mall. Pubs and popular F&B outlets such as Chili’s and Italiannies are also a stroll from home as is Golden Screen Cinema (GSC). This luxury development is situated along Petaling Jaya’s main arterial highway of Lebuhraya Damansara Puchong (LDP). The Azure Residences can be easily accessed via the LDP highway with connectivity to the New Klang Valley Expressway (NKVE). Subang, Ara Damansara and Taman Tun Dr Ismail are only between 10 and 15 minutes away by car. Commuting via public transportation is also convenient from The Azure Residences as many buses pass by the area on the main road where there is a bus stop, and taxis also frequent this area especially with the mall nearby. The Kelana Jaya LRT Station while not within walking distance is only a 5-minute car ride away. An added boon of being directly connected to Paradigm Mall is that the Kuala Lumpur International Airport 2 (KLIA2) shuttle busses have a route from the shopping mall which runs from the wee hours of the morning to late hours of the night making this a major plus point for frequent travellers. The homes at The Azure Residences were bought mainly by property speculators for the anticipated rental yield that The Azure Residences will bring. Its prices were reasonable for its location and its sizes, and with every unit coming with a minimum of two parking lots, the project was a hot sell in the market.

Sales Transaction of The Azure Residences

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Price Comparison with Nearby Properties (UP to 50)

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

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Price Comparison with Nearby Properties

(Properties Within 1km)

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

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