2020 has been a rather tumultuous year, what more with the pandemic still within our clear line of sight in 2021, it seems as though we will never escape from this nightmare. With this uncertainty in mind, many potential property buyers are left on the fence, in fear of the worst. While we are not in the business of predicting the future, we have experienced the ups and downs of the property market throughout numerous years of developing properties and risk mitigation is the order of the day.
If you were in the market for a new condominium project in Setapak previously but changed your mind due to fear of the pandemic dragging the housing market down, let us tell you why the demand for Setapak condos will stay resilient and may even expand in the year 2021 onwards.
Condo in Setapak: Highly Synergistic with Neighbouring Areas
Literally translated as “one step” in the Malay language, the vicinity of Setapak is known to encompass various rapidly developing areas including Wangsa Maju, Setiawangsa, and Taman Melawati. This is why living in a condo in Setapak is just one step away from the neighbouring areas, where each area provides uniqueness of its own.
Wangsa Maju is known for its educational institutions which consist of Tunku Abdul Rahman University College (TARUC), Institute of Childhood Education Studies & Community Education, Malaysian Institute of Art, and many more. Setiawangsa and Taman Melawati on the other hand are identified by their ample green surroundings and high-end lifestyle which some regard them as the Hollywood of Malaysia; imagine bumping into a local celebrity just as you shop for your usual groceries. With this, properties in Setapak are able to enjoy twin growth engines from both the student population and also high net-worth and prominent individuals.
Setapak Condo to Benefit from a Growing Student Population
Notwithstanding the fact that the pandemic-imposed lockdowns have deterred education providers from conducting lectures physically, we are of the opinion that this is just a temporary setback. Electronic learning via virtual classrooms may bridge the gap temporarily, but it will never replace actual human touches that are only obtainable via physical meetings. This coupled with the growing importance of tertiary education means that the demand for condos in Setapak will grow once more from a growing student population upon normalcy. Let us not forget that graduates often choose to stay back and settle down in the vicinity due to familiarity, representing another layer of economic prosperity.
Visual by Unsplash
M Adora: Ideal Condo at Wangsa Melawati, Setapak
Nestled within Setapak city and strategically sandwiched between Wangsa Maju and Taman Melawati, M Adora is a luxurious service residence that comes equipped with a myriad of facilities that residents can enjoy comfortably. As the location suggests, residents of M Adora are able to enjoy the best of both worlds in terms of demand growth from the student population of Wangsa Maju and a sense of opulence obtained from being in the near vicinity with Taman Melawati; free of the encumbrances usually associated with a student populated area. The aforementioned traits that are unique to Wangsa Melawati will be imperative for sustainable growth in demand for the project moving forward, followed by the next key point.
With an attractive starting price from RM468,000, residents are able to enhance their living experience amidst the lush greenery surrounded by natural enclaves such as Bukit Tabur and Bukit Dinding. Various amenities such as commercial areas are also within close proximity thanks to its excellent connectivity to various major highways such as DUKE and MRR2; further complemented by the Sri Rampai LRT Station.
To cater to buyers of various needs, M Adora features 3 types of floor plans, namely:
– Type A: 850 sq ft with 3 bedrooms and 2 bathrooms
– Type B : 1,000 sq ft with 3 + 1 bedrooms and 2 bathrooms
– Type C (Dual Key): 1,200 sq ft with 4 bedrooms and 3 bathrooms
Each unit will be provided with a minimum of 2 adjacent carparks, a rare commodity not easily found in today’s property market. With all these, we must say that M Adora offers an impeccable value proposition that is truly irresistible.
make it a sanctuary to be cherished for a lifetime.