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222 Residency, Setapak

222 Residency (also known as 222 Residence) is a new condominium in Setapak. The residential project was fully completed in June 2013 by KP Property.

The number 222 in 222 Residency is derived from the total number of units built, 222 units. It comprises of 28 storeys, featuring 222 freehold condominium units and additional commercial component on the lower level for convenience at doorstep. This freehold condominium comprises only one tower with 222 units which have built-ups ranging from 861 sf up to 1203 sf and six types of designs to choose from.

There are 12 units per floor at 222 Residency, and it is served by three lifts. Condominium facilities that are provided at 222 Residency include gymnasium, indoor infinity pool (with KLCC view), jacuzzi and landscaped garden – which are all located on the facilities podium on the 8th floor.

Aplenty of amenities can be found in the area of 222 Residency. As for schools nearby schools are SRJK Mun Yee, SMK Chung Hwa, SMK Danau Kota, SMK Danau Kota 2, and even a Korean School. Nearby higher institutions are TAR College, UTAR and Institut Aminuddin Baki. There are several eateries nearby, including Pizza Hut, Kenny Rogers, KFC, food stalls, and mamak restaurants.

Property Details

  • Name: 222 Residency (also known as 222 Residence)
  • Address: Jalan Semarak Api 4, Setapak, 53000 Kuala Lumpur
  • Developer: KP Property
  • Completion Date: June 2013
  • Type: Serviced Apartment
  • Tenure: Freehold
  • No. of Blocks: 1
  • No. of Storey: 28
  • No. of Units: 222
  • No. of Bedrooms: 2 – 3
  • No. of Bathrooms: 2
  • Built-up: 861 – 1203 sf
  • Maintenance Fee: RM0.15 psf
  • Launch Price: RM288,030 – RM1,147,080
  • Subsale Price: RM350,000 - RM700,000
  • Rental Rate: RM1,800 – RM2,000

Facilities

  • Gymnasium
  • Indoor Infinity pool with KLCC view
  • Jacuzzi
  • Children’s play area
  • Function hall
  • Barbecue area
  • Lobby
  • Changing room
  • Landscaped garden
  • 24-hour 4-tier security system with access card
    • Guardhouse
    • Car park
    • Lobby
    • Lift

Market Trends

Analysis

222 Residency is KP’s first high-rise development. Being a well-known contractor for some up-market developments such as St Mary Residences, Dua Residency and Lumina Kiara, 222 residency design is modern and high end. KP is expected to deliver 222 residency with high quality building material as usual.

In terms of investment, 222 residency easily targeted for students as it is near to UTAR and TAR. As it is very near to KL city centre, rental income also derived from executives who work in the city centre area. The recent transaction of the typical 1,102 sf units in 222 Residency ranged between RM580,000 to RM620,000 (1H 2014).

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