Kinta Riverfront is an attractive apartment that is located in Ipoh. While it is known to many holiday-goers as the perfect temporary home, it is just as well known to home buyers as well as home investors as the perfect home or investment within a strategically spot in Ipoh.
Kinta Riverfront is first and foremost an apartment which carries a leasehold title. While it has a website to itself which offers holiday-goers rooms for rent on a short term basis, the rooms are also available for sale and for rent on a longer-term basis.
The rooms at Kinta Riverfront come with either 2 bedrooms or 3 bedrooms, with the latter sporting a built-up of 808 sf. The 3-bedroom units are sized at a minimum of 1,223 sf and come with 2 bathrooms. The prices are considerably on the affordable side as well when taking into account its popularity. An 808 sf unit with 2 bedrooms and 1 bathroom can be priced from RM300,000, while its larger counterpart can be priced from RM460,000 onwards.
The long term rental prices for a home at Kinta Riverfront, while definitely higher than what you can get in other parts of Ipoh, is however also in keeping with the popularity of the development as a holiday home and a strategically located development. The smaller 808 sf unit can be rented out for 1,800 per month if fully furnished, and the 1,223 sf unit can be rented out for up to RM2,200 per month if fully furnished.
As an apartment, Kinta Riverfront comes with a full set of facilities. Residents will get to enjoy a variety of facilities including a swimming pool, as well as a steam and sauna room. For fitness enthusiasts, there is also the gymnasium, tennis court and table tennis court. A myriad of other facilities also includes a foot reflexology path, an internet cafe and a mini-mart on site.
Residents of Kinta Riverfront will be able to patron many popular restaurants within the vicinity, including the Riverview Coffee House, Moon River Bistro, Zui Xin Lao Chinese restaurant, and the Shinjuku Japanese restaurant.
Aside from the many in-house facilities that the residents of Kinta Riverfront will be able to enjoy, are also the many available amenities in the area. Within walking distance of the apartment is the primary school Sekolah Jenis Kebangsaan Poi Lam and Sekolah Menengah Kebangsaan St Michael. Within a short drive from home are also many banks, the Ipoh Parade shopping mall and Kompleks Yik Foong.
Kinta Riverfront is a project of Morubina Sdn Bhd. Kinta Riverfront is their one and only project, which has been a complete success as can be seen from the popularity of the project as a holiday home and property investment.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Kinta Riverfront | 2009 |
RM348,000
-
RM498,000
RM 312 psf - RM 430 psf |
RM1,600 - RM1,600 | NIL | 6.24 % |
| The Octagon | 2016 |
RM480,000
-
RM618,000
RM 595 psf - RM 673 psf |
NIL | NIL | NIL |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 30,000 |
| Loan Amount ( 90 %) | RM 270,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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