Regalia, Putra

Regalia (also known as Regalia @ Sultan Ismail) is a luxury serviced residence developed by Mayland. It is located within KL city centre, only minutes away from Putra World Trade Center (PWTC). This serviced residence is targeting mainly the young and posh yuppies, and those who want to reside in the heart of the city. For one’s shopping needs, one can just walk to The Mall, where you can find all kinds of groceries and amenities.

Regalia is easily accessible via Jalan Kuching, Jalan Sultan Ismail, and Jalan Putra. Public tranportation wise, it is within walking distance to Putra Komuter, PWTC LRT, and Sultan Ismail LRT. With various modes of public transportation available, one shouldn’t have to worry much about traveling around the city.

Property Details

• Name: Regalia (also known as Regalia @ Sultan Ismail)
• Address: Off Jalan Sultan Ismail, Kuala Lumpur
• Developer: Mayland
• Completion Date: Q3 2012
• Type: Serviced Residence
• Tenure: Freehold
• No. of Units: 1,033
• Land Area: 2.5 acres
• Built-up: 500 – 10,000 sf
• Maintenance Fee: RM0.40 psf
• Launch Price: RM300,000 – RM1.5 mil

Layouts

• Type A6 (515 sf)
• Type B2 (560 sf)
• Type B8 (740 sf)
• Type C3 (890 sf)
• Type C5 (924 sf)
• Type D2 (1,240 sf)
• Type D9 (1,290 sf)
• Type E2 (1,811 sf)
• Type E6 (1,870 sf)

Facilities

• CCTV room
• Function room
• House keeping
• Surau
• Squash court
• Bistro & bar
• WiFi centre
• Gym
• Games room
• Tropical garden
• Swimming pool
• Infinity pool
• Roof garden
• Sky lounge
• Nursery
• Playground

Market Trends

Analysis

Mayland, a Hong Kong-based developer, has by now been recognized as a serviced residence developer. It has completed and will complete many serviced residences in KLCC, Mont Kiara and Sri Hartamas. Other serviced residences by the developer are Parkview, Windsor Tower, Waldorf Tower, and the upcoming Plaza Damas 3.

Despite disappointments from their previous condominium such as Sri Putramas I on Jalan Kuching, Regalia could potentially be a great investment, due to its strategic location, and bold concepts. However, most studio units do not come with parking spaces, where one has to buy separately. But who needs parking spaces when there is plenty of public transport nearby.

Location can be an encouraging factor to buy a unit at Regalia. There is a also an abandoned flyover built halfway, which connects Jalan Kuching straight right to Regalia. The developer claims that work on the abandoned flyover will resume when Regalia is completed. Considering the traffic congestion on Jalan Kuching, it would be difficult to go in and out of this residence without the flyover.

Regalia would be best for existing expatriates staying in Villa Putera and Villa Puteri to upgrade to a newer abode. They could just walk to their office nearby without ever needing a car, and hit the fitness center after work, all within walking distance.