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Residensi Gombak 126, Setapak

Residensi Gombak 126 is a freehold mixed development located in Setapak. However, due to its close proximity to Gombak and the naming, people often regard it as located in Gombak. The development is expected to be completed by the end of 2016, and the developers are Meadow Haven, a subsidiary of the Mutiara Johan Group.

Residensi Gombak 126 would be housed in one block with 23 storeys. Units here would generally have rather small sizes, having either 2 or 3 bedrooms and 2 bathrooms across the board. Layouts vary only very slightly and built-ups range from 558 sf up to 923 sf. Pricing for the units are only indicative at the time of writing and would start from RM550 psf, making the smallest unit priced at RM311,000.

Within Residensi Gombak 126, there would only be 10 units per floor, serviced by 3 lifts. Units also come with an 11-foot ceiling height for heightened spaciousness. All units also come semi-furnished, thus allowing the purchaser to save on renovation costs. Furnishing includes kitchen cabinet with hob and hood, one air-conditioning unit for the master bedroom, along with tempered glass shower screen for the master bathroom as well.

The developer of Residensi Gombak 126 states that the facilities within the building would be 4-stars and all housed within the 6th floor. Facilities would include covered parking on levels 1 throughout 6, one assigned for each unit, a gymnasium, wading pool, and a multi-purpose hall. Security would be 24-hour and three tier including access control, CCTV and boom gate.

Residensi Gombak 126 is strategically located with many amenities nearby. There are Ong Tai Kim Grocery Store, Plaza Idaman and the Pasar Besar Gombak, all of which are a short drive away. There are also many educational institutions nearby, including TAR College, BMI College and UIAM. A short stroll would also bring you to McDonalds, KFC, pharmacies, clinics and post office, as well as a Public Bank and Maybank.

Residensi Gombak 126 is located between two highways, one of which is the DUKE highway allowing easy access to Mont Kiara and Ampang. The other being Middle Ring Road 2, allowing easy access to Ulu Klang, Sungai Buloh and Bentong. Jalan Genting Klang also leads from the location to Kuala Lumpur city. It is also located near the foothills of Genting Highland, allowing for convenient weekends or even one-day trips. Apart from easy access via car, there are also several LRT stations nearby, the nearest of which is the Taman Melati Putra LRT Station.

Property Details

  • Name: Residensi Gombak 126
  • Address: Setapak, Kuala Lumpur
  • Developer: Meadow Haven (a subsidiary of Mutiara Johan Group)
  • Completion Date: Q4 2016 (estimate)
  • Type: Shop & Serviced Apartment
  • Tenure: Freehold
  • No. of Blocks: 1
  • No. of Storey: 23
  • No. of Units: 167
  • No. of Bedrooms: 2 – 3
  • No. of Bathrooms: 2
  • Built-up: 558 – 923 sf
  • Maintenance Fee: RM0.40 psf + RM10 per parking bay
  • Launch Price: From RM311,000 (RM550 psf)

Layouts

  • Type A
    • 3 bedrooms + 2 bathrooms (750 – 756 sf)
  • Type B
    • 2 bedrooms + 2 bathrooms (632 sf)
  • Type C
    • 3 bedrooms + 2 bathrooms (923 sf)
  • Type D
    • 2 bedrooms + 2 bathrooms (609 sf)
  • Type E
    • 2 bedrooms + 2 bathrooms (558 sf)
  • Type F
    • 2 bedrooms + 2 bathrooms (567 sf)

Facilities

  • Covered parking
  • Gymnasium
  • Playground
  • 24-hour security
  • Wading pool
  • Multipurpose hall

Analysis

The units in Residensi Gombak 126 are considered low density, and the built-ups are rather small to cater to small families. The location is excellent as there are many amenities nearby and accessibility is good as well. Though traffic could be an issue due to the high population density in Gombak. For investment purposes, it is priced on the high side as there is general consensus that Gombak has yet to command the price of RM550 psf. There is decent potential for appreciation due to land scarcity in Kuala Lumpur. Also, due to the small built-ups, the place would be more friendly to renters.

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