Archives For Kia Peng

The Pearl KLCC

February 16, 2014 — Leave a comment

Previously with a less-than-memorable moniker of Stonor 116, The Pearl KLCC is a luxurious condominium developed by Malton (who is behind many major developments in Kuala Lumpur and the Klang Valley – namely V Square in Petaling Jaya, Amaya Maluri and Mutiara Indah in Puchong).

Click here
(and scroll down if needed) if you are looking for The Pearl’s listings (for sale and for rent).

One of the prettier ones amongst KLCC condos with a less imposing facade than its peers, The Pearl is one of my personal favorites! Keep reading to find out why. 🙂

While we have seen an uptick in the number of units available for The Pearl in the recent months, it does seem that the asking prices were flat-tish at a level just above the RM1,000 PSF median. We will delve into this matter further in this review.

Entrance to The Pearl

Rather pleasant and less imposing facade compared to its neighbors, The Pearl could come across as rather understated

It is interesting to note that a consortium of businesses led by the Kuwait Finance House (KFH) has bought The Pearl wholesale for some RM550 million back in 2008 – a rather strong vote of confidence not only for The Pearl but also for the condominiums in the KLCC enclave on the whole.

The Configuration

Total of 179 units nested on 41 storeys, The Pearl has got nine layouts ranging from 3,973 sq ft (a typical unit) to the humongous presidential penthouse (more than 19,000 sq ft!).

Each condo unit comes with a private lift – beat that! There’s also a Sky Lounge which is situated on the second level which gives a good view of the iconic Petronas Twin Towers. There’s a tastefully designed 36-meter swimming pool – perfect for winding down after a long day at work…

If you’d like help in securing a good deal for The Pearl, then get in touch using this form. We can help research the available units for you so that you don’t have to waste time looking at stale listings at other property portals. The service is free, and non-obligatory (we are not real estate agents).

The typical tenant at The Pearl would be someone who is entrenched in the elite strata of the society, has good upward mobility, and keen to enjoy the finer things in life. He or she would probably be happy in a fast-paced environment, and prefer living in the city or near the workplace. There is a sizable population of expatriates living in The Pearl, and these are usually internationally-mobile senior executives who are with major multinationals, typically holding C-level positions.

Money Matters – Pearl KLCC’s Prices

The Pearl is heavily marketed to the buyers in the luxury tier. As such, the launch price set at around RM900 per sq ft was perceived as premium. Even then, the (transacted) prices have reached as high as RM1,400 in the middle of 2012. The prices have tapered off somewhat (as with most other KLCC condos like Marc Residence and the Binjai) as demand has remained relatively flat somewhat in 2012. However, there are indications that the demand is on a slow uptick in 2013, and prices are indeed starting to creep up.

KLCC'sThe Pearl

According to JPPH (the government department in charge of property and valuation), the 2012 prices for units at The Pearl remained the same as that of 2011 with the glut of luxury apartments of sizes more than 3,000 sq ft (similar to The Avare, but slightly more expensive on a PSF basis). Typical units (3,900 sq ft) were sold for RM4.5 – RM4.8 million which were essentially 2011 prices. A quick search at local property portals returned listings for partly furnished units at RM1,200 per sq ft. However, given the above average sizes the net asking price is still high at around RM4 million per unit.

The chart below shows the Pearl KLCC’s prices (asking) for the past few months (courtesy of our partners at GoodPlace.my which maintains a pricing database for Malaysia properties):-

Transportation & Connectivity

If you’re not into public transportation then getting in and out of the condominium area could well be troublesome sometimes – and this is the problem faced by most condominiums located inside the KLCC enclave. You see, the KLCC area attracts massive traffic jams, and it would be ideal if you don’t have to travel frequently (daily?) out of the area. That said, The Pearl is ideal for those who also work within the KLCC area. If you work elsewhere, then be prepared to spend awful lots of  hours on the road everyday.

If you don’t mind taking the public transport (a huge turn off for many KL-lites for some reason) then you will be pleased to find that the KLCC enclave has superior accessibility as it is connected by the train rails (Monorail and LRT) as well as bus (RapidKL) lines.

The Pearl’s GoodPlace Walkability Score (GWS) is 74, which is good on its own but slightly below average when compared to other condominiums in the KLCC enclave. To download a free high resolution map with walkability scores of most KLCC properties, click here.

Location-wise, The Pearl occupies a “sweet” spot which is right in the central business district and is just a stone’s throw away from the “Golden Triangle” shopping area. It is opposite the Ampersand, which is another prestigious development in the KLCC enclave, and a stone’s throw away from 1A Stonor. It is easily accessed via Jalan Kia Peng, Jalan Sultan Ismail and Jalan Bukit Bintang.

To check where the nearest amenities are, use this map below (click on the shortcuts on the right).
[poiautomap address=”The Pearl@klcc Jalan Stonor Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]The Pearl KLCC[/poiautomap]

Our Analysis

The Pearl may look like just another run-off-the-mill KLCC apartment, but we particularly like it for its location – rather quiet and serene although still easily accessible via all the major entry points. The size of the apartments are also bigger than the average KLCC condominium (smallest unit at 4,000 sq ft), which means that you won’t get the rowdy bachelor looking for a place to crash after a drunken stupor kind making a ruckus at 3 in the morning.

[dc]P[/dc]reviously with a less-than-memorable moniker of Stonor 116, The Pearl KLCC is a luxurious condominium developed by Malton (who is behind many major developments in Kuala Lumpur and the Klang Valley - namely V Square in Petaling Jaya, Amaya Maluri and Mutiara Indah in Puchong). [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for The Pearl's listings (for sale and for rent). One of the prettier ones amongst KLCC condos with a less imposing facade than its peers, The Pearl is one of my personal favorites! Keep reading to find out why. 🙂 [spotlight role="target"][feature_box title="Listings For The Pearl KLCC" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] While we have seen an uptick in the number of units available for The Pearl in the recent months, it does seem that the asking prices were flat-tish at a level just above the RM1,000 PSF median. We will delve into this matter further in this review. [caption id="attachment_457" align="aligncenter" width="480"] Rather pleasant and less imposing facade compared to its neighbors, The Pearl could come across as rather understated[/caption] It is interesting to note that a consortium of businesses led by the Kuwait Finance House (KFH) has bought The Pearl wholesale for some RM550 million back in 2008 - a rather strong vote of confidence not only for The Pearl but also for the condominiums in the KLCC enclave on the whole. The Configuration Total of 179 units nested on 41 storeys, The Pearl has got nine layouts ranging from 3,973 sq ft (a typical unit) to the humongous presidential penthouse (more than 19,000 sq ft!). Each condo unit comes with a private lift - beat that! There's also a Sky Lounge which is situated on the second level which gives a good view of the iconic Petronas Twin Towers. There's a tastefully designed 36-meter swimming pool - perfect for winding down after a long day at work... [yellow_message]If you'd like help in securing a good deal for The Pearl, then get in touch using this form. We can help research the available units for you so that you don't have to waste time looking at stale listings at other property portals. The service is free, and non-obligatory (we are not real estate agents).[/yellow_message] The typical tenant at The Pearl would be someone who is entrenched in the elite strata of the society, has good upward mobility, and keen to enjoy the finer things in life. He or she would probably be happy in a fast-paced environment, and prefer living in the city or near the workplace. There is a sizable population of expatriates living in The Pearl, and these are usually internationally-mobile senior executives who are with major multinationals, typically holding C-level positions. Money Matters - Pearl KLCC's Prices The Pearl is heavily marketed to the buyers in the luxury tier. As such, the launch price set at around RM900 per sq ft was perceived as premium. Even then, the (transacted) prices have reached as high as RM1,400 in the middle of 2012.…

SherpaScore: The Pearl KLCC

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Fair

Not particularly an eye-turner but The Pearl exudes a subtle charm that ought to impress discerning buyers. On top of great location, it also boasts bigger units than the usual KLCC offerings.

User Rating: 1.23 ( 7 votes)
67

The bigger size also means that the price is relatively high (latest listings are at RM3.7 million and above), and this is higher to its round-the-corner neighbour, the Ampersand @ Kia Peng (although price PSF is similar). The prices are hardly spare change; and the reality is that it’s easy to pay above the market rate if the necessary research is not done. Use this free guide to find out about a property’s “fair market value” using the SABBAC methodology –

klcc-hartanah

Sri Kia Peng

February 16, 2014 — 2 Comments

Right across the KLCC Park, on Jalan Changkat Kia Peng off Jalan Kia Peng, lies a 12-storey condominium called Sri Kia Peng. This upscale condominium is a freehold property that has only one block housing a total of 64 luxury units.

Click here
(and scroll down if needed) if you are looking for property listings for Sri Kia Peng.

Sri Kia Peng is within walking distance to the famous Petronas Twin Towers, KLCC Park, the posh Suria KLCC, KL Convention Centre and Traders Hotel Kuala Lumpur. Some of its neighbors include Prince Hotel & Residence KL, Pavilion Residences, Menara Pinang, Park Seven and Stonor Park.

Development of the project was undertaken by Metzler in the early 1990s and was originally named Bunga Emas (I know, I know). It was then sensibly renamed as Sri Kia Peng in 1993 after Econ Resources took up 70% ownership. The development of Sri Kia Peng was completed in 1994. Being one of the oldest condominium developments in the KLCC enclave, it is showing its age, but due to its rather strategic location and the low density factor the prices have only been going up. Read further for more information on asking and transacted prices.

If you’re interested in Sri Kia Peng and you’d like help looking for a good unit to buy or to sell, click here for our free DealFinder service.

KLCC Living

Residing in KLCC offers luxury and convenience. The enclave is decorated with lots and lots of choices for dining, shopping, educational, health and recreational needs. Sri Kia Peng is strategically located right across the KLCC Park, which means that it is located within walking distances to a number of options. Right across is the upscale Suria KLCC mall, a haven for shopping enthusiasts. It houses local and international retail brands to suit your fancy. If you opt for something more diverse, you may walk to Bukit Bintang Shopping Centre.

Dining is always a pleasure for everyone and residing in KLCC gives you a vast variety to choose from. Besides the restaurants inside shopping centres and commercial buildings, KLCC is also lined with standalone restaurants. And depending on your mood and cravings, you could walk around to get your cravings satisfied. Seafood Paradise, Espressamente Illy, Bon Ton, Top Hat, Restoran Sri Melayu, Viet Passion, Restoran Gu Yue Tien, Gaucho Grill and Saisaki are within close proximity to Sri Kia Peng.

Sri Kia Peng’s GoodPlace Walkability Score (GWS) is 80, which is about average when it comes to KLCC condominiums. Find out more about what this score means and download the (free) KLCC walkability map here.

If you have had a rough day at work, an evening drink at Borneo Baruk Club or The Butter Factory KL may ease your  mind. Or better, opt for rooftop bars to couple your drinks with a spectacular view. Try Marini’s on 57 (located on the 57th floor of Petronas Tower 3), Luna Bar (34th floor of Pacific Regency Suites off Jalan P Ramlee) or Atmosphere 360 (above KL Tower’s view deck). It is highly recommended though that you try these rooftop bars on a Friday or you might end up not getting enough sleep for next day’s work. The views could simply awe you and take your sense of time away.

Besides the international schools (IS) – Garden IS, Fairview IS, Alice Smith, IS KL, Julia Gabriel Centre for Learning, Sayfol IS and Mont Kiara IS – you may also find the University of Nottingham Malaysia campus, Berjaya College of Hospitality and a number of language schools populating the area. Foreign embassies also line the streets of KLCC so expatriates do not need to worry about consular concerns.

The city centre itself may be accessed through major roads such as Jalan Tun Razak, Jalan Ismail and Jalan Ampang. Besides accessing Sri Kia Peng by private vehicles, you can also utilize public transportation such as buses, the Monorail and the LRT.

Want to know where the closest amenities to Sri Kia Peng are? Use this interactive map below.
[poiautomap address=”Sri Kia Peng Condominium Jalan Changkat Kia Peng Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Sri Kia Peng[/poiautomap]

Living Spaces and Perks at Sri Kia Peng

Sri Kia Peng was offered to the public in three floor plans. Stana, the biggest among the three, are penthouses measuring 6,562 sqf and 6,475 sqf. There were only two units of each built-up size. The second floor plan, Mahkota, are three-bedroom units measuring 2,278 sqf. Each unit has two balconies in the master bedroom and all bedrooms have ensuite baths. Petra, the smallest of the floor plans, are two-bedroom units measuring 1,766 sqf.

There are four Stana units, 40 Mahkota units, and 20 Petra units, totaling 64 units in all.

[dc]R[/dc]ight across the KLCC Park, on Jalan Changkat Kia Peng off Jalan Kia Peng, lies a 12-storey condominium called Sri Kia Peng. This upscale condominium is a freehold property that has only one block housing a total of 64 luxury units. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Sri Kia Peng. Sri Kia Peng is within walking distance to the famous Petronas Twin Towers, KLCC Park, the posh Suria KLCC, KL Convention Centre and Traders Hotel Kuala Lumpur. Some of its neighbors include Prince Hotel & Residence KL, Pavilion Residences, Menara Pinang, Park Seven and Stonor Park. [spotlight role="target"][feature_box title="Listings For Sri Kia Peng" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Development of the project was undertaken by Metzler in the early 1990s and was originally named Bunga Emas (I know, I know). It was then sensibly renamed as Sri Kia Peng in 1993 after Econ Resources took up 70% ownership. The development of Sri Kia Peng was completed in 1994. Being one of the oldest condominium developments in the KLCC enclave, it is showing its age, but due to its rather strategic location and the low density factor the prices have only been going up. Read further for more information on asking and transacted prices. [blue_message]If you're interested in Sri Kia Peng and you'd like help looking for a good unit to buy or to sell, click here for our free DealFinder service.[/blue_message] KLCC Living [dc]R[/dc]esiding in KLCC offers luxury and convenience. The enclave is decorated with lots and lots of choices for dining, shopping, educational, health and recreational needs. Sri Kia Peng is strategically located right across the KLCC Park, which means that it is located within walking distances to a number of options. Right across is the upscale Suria KLCC mall, a haven for shopping enthusiasts. It houses local and international retail brands to suit your fancy. If you opt for something more diverse, you may walk to Bukit Bintang Shopping Centre. Dining is always a pleasure for everyone and residing in KLCC gives you a vast variety to choose from. Besides the restaurants inside shopping centres and commercial buildings, KLCC is also lined with standalone restaurants. And depending on your mood and cravings, you could walk around to get your cravings satisfied. Seafood Paradise, Espressamente Illy, Bon Ton, Top Hat, Restoran Sri Melayu, Viet Passion, Restoran Gu Yue Tien, Gaucho Grill and Saisaki are within close proximity to Sri Kia Peng. Sri Kia Peng's GoodPlace Walkability Score (GWS) is 80, which is about average when it comes to KLCC condominiums. Find out more about what this score means and download the (free) KLCC walkability map here. If you have had a rough day at work, an evening drink at Borneo Baruk Club or The Butter Factory KL may ease your  mind. Or better, opt for rooftop bars to couple your drinks with a spectacular view. Try Marini's on 57 (located on the 57th floor of Petronas Tower 3), Luna Bar (34th floor…

SherpaScore: Sri Kia Peng

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Average

Though quite old, the property maintains its decent appeal thanks to its strategic location. The only question is whether it can keep up with the rapid pop ups of new launches in KLCC.

User Rating: 2.63 ( 1 votes)
61

Residents of Sri Kia Peng are provided with facilities befitting its luxurious image. Aside from the 24-hour security, a fully-equipped gym, swimming pool, covered carpark, play area, mini market, jogging track, bbq area, nursery and business centre are perks the dwellers are entitled to.

Sri Kia Peng Prices – The Math

When Sri Kia Peng was launched, asking price per square feet was at RM400 – definitely a premium at that time. After almost two decades since its launch, asking prices for units at the property are from RM600 to RM700+ PSF. The high appreciation value of Sri Kia Peng is an indicator that this is a good investment opportunity, but will it keep on rising?

The chart below shows the trended asking prices (when available) for the past few months.

At the time of this review, units of size 1,700 sq ft are going at around RM1 million, which translates to about RM588 PSF – way lower than the median RM1,000 PSF price commonly associated with KLCC condominiums. Is this a bargain? Find out for yourself by using our easy property evaluation guide here (use the signup form below).

klcc-hartanah

Vipod Suites

January 1, 2014 — 25 Comments

There’s anticipation building up in the air somewhere in Jalan Kia Peng — for Vipod Suites, the latest property being developed by Monoland, is set to rise here end 2013. Vipod is flanked by rather “old” KLCC apartments – being next to the for-rent-only Menara Pinang and across the road from 3 Kia Peng.

Click here
(and scroll down if needed) if you are looking for property listings for Vipod Suites.

We’d like to share a lot of details about the Vipod Suites, but it seems like Monoland is keeping them all to themselves. There are some illustrator graphics at Monoland’s website, but they are rather, well, simplistic. If this is Monoland’s way of building up the hype, then it’s really, really working 🙂 We have made a recent trip to the construction site and it seems that everything is at full swing, and we hope that it will meet its end of the year completion target.

Vipod KLCC

Vipod, dwarfing its nearest neighbour Menara Pinang

Monoland’s previous KLCC project, the Quadro has received positive to mixed reviews; according to a purported Quadro buyer, buying from Monoland is akin to buying Mercedes from a Perodua dealer! Not too flattering, I must say.

There’s also a blog post somewhere which mentioned that the units were sold to bulk purchasers even when the S&P has been signed with an individual buyer. This remains unverified of course (and nobody should believe anything on face value the stuff they read on the Internet – this blog included!). Also, according to our favourite Malaysia real estate blogger Sin Leong, there was a case of a burst pipe which flooded many floors in Block A – see here (“Wet, Wet Vipod“).

Given Monoland’s rather rich portfolio (the upcoming SoHo Suites also in the KLCC enclave near Fraser Place, Oval Residences, 8 Gurney and Gurney Park up north in Penang) it seems a little hard for it to screw this up… but we shall see. 😉

What We’ve Gathered So Far…

One of the best qualities about the Vipod Suites is its very convenient location. Slated to rise in between the Pavilion and KLCC, it’s almost sure how this freehold condominium will attract both locals and expatriates alike. It’s quite central even by KLCC standards, and it does seem that everything is available on foot. Suria KLCC and Pavilion on Bintang Walk are both available at short walking distance. A winning proposition, for sure.

There are also some “insider gossips” that we have gathered from the people in the industry which you can read by unlocking the section below with a Facebook like. Disclaimer: these are not verified, and so “use” them with discretion.

[to_like id=”1377″]

[/to_like]

There will be several blocks that would comprise of either 38 storeys or 41 storeys. As far as its total number of units would go, we were told that the condominium is expected to have either 367, 418, or 440 units, spread over three wings that have access to four private lifts and one service lift.

Now since information about Monoland’s latest development seems hard to come by, we’ve researched really hard in order to give out details to interested buyers and investors. Here’s what we know about Vipod’s units so far..

  • Vipod’s Price: One bedroom units are slated to sell at around RM670,000, and an estimated RM900,000++ for 2+1 bedrooms. While our resources might be limited when it comes to giving out detailed pricing information about Vipod Suites, we can tell that its prices are still quite reasonable and would be a perfect score for any investor who would like to invest on a fairly upmarket property from a developer with a track record without having to burn holes in their pockets. To check out how much you should pay for a Vipod unit, use this guide (click here). Additionally, see our analysis below for more pricing information.

  • Built-Up Areas and Layouts: Vipod units are expected to have layouts that comprise of a 2+1 bedroom unit, a two bedroom unit, and a one bedroom unit. The smallest unit is measured at 653 square feet. Every floor would house a total of 11 units, and every floor would also be divided into three clusters that would comprise of three to four units.
  • Other Good Things to Know: Residents are expected to get one parking slot. For views, 2+1 bedrooms would get a glimpse of KLCC. Facilities and amenities would include a sky bar, a swimming pool, a business centre, concierge services, a sky lounge, and a sky gym.
  • More Good Things to Know: Luxurious living awaits residents, because each unit at the Vipod Suites would come with a water heater, kitchen cabinet, designer sinks, air conditioner inverter system for bedrooms, microwave ovens, hot and cold water mixer, and hot water piping. Designer brands that are used to furnish every Vipod unit include Daikin, Lifeness, Toshiba, Teka, Soverign, Hansgrohe, Toto, and Dedon.

Vipod Suites, KLCC

Vipod Suites with 3 Kia Peng in the foreground

As far as amenities are concerned, it’s easy to notice how Monoland made sure how Vipod’s units would cater to everyone with a distinct taste for quality and class. Exclusivity and privacy are also bonuses, as each floor is divided into three clusters. There will also be concierge facilities at the reception as well as some small offices, meeting rooms, business centres as well as a handful of retail outlets.

Location & Walkability Details

Walkability is a strong selling point for urban condominiums, and particularly for apartments located in the KLCC enclave. Vipod’s GoodPlace Walkability Score (GWS) is 82 – which is very good even among KLCC condominiums. To find out what this means, and to download a free KLCC Walkability Map click here (comes up in a new window).

Use our interactive map below to check where the closest amenities to the The Vipod Suites are.
[poiautomap address=”KLCC Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Vipod Suites[/poiautomap]

Update: Yield Decline To Continue

When Vipod was launched a few years back the advertised price was at RM900 PSF; with rental around the RM3,500-RM4,500 point this translates to about 5% yield. However, the asking prices have been breaching the RM1,500 PSF point (see the accompanying pricing chart), the rental stays more or less the same, resulting in the decline of yield to about 2.5%. We expect this trend to continue as long as the capital appreciation outpaces rental growth.

What We Think

We like Vipod for a couple of factors – its prime location (of the entire KLCC enclave, we have a soft spot for Jalan Kia Peng – serene while still central to the action) and particularly for the low density factor. Privacy remains a concern for many of these high density KLCC apartments, and thankfully Vipod has got this sorted out rather nicely. Each segment per floor (containing either three or four units depending on the configuration you choose) is serviced by three lifts – a real treat. Additionally, the furnishing is fantastic and represents rather good value for money.

There seems to be a “mad scramble” for Vipod units in the past couple of months – see the comments below after this review. If you’d like us to help research for the available units, then get in touch with us (using this form). We are not agents, and we don’t charge for this service.

If you’re getting a unit here, be sure to check out the views as not every unit faces the premium Petronas Twin Towers. As it is surrounded by office blocks (notably UOA) and the rather ugly Menara Pinang, you’ll have to clear at least 20+ floors before getting a view of the Kuala Lumpur skyline. There’s also minor tracts of land available next to it which means that if you get a lower unit, you might risk waking up one day and facing somebody’s loo at your window.

[dc]T[/dc]here’s anticipation building up in the air somewhere in Jalan Kia Peng — for Vipod Suites, the latest property being developed by Monoland, is set to rise here end 2013. Vipod is flanked by rather "old" KLCC apartments - being next to the for-rent-only Menara Pinang and across the road from 3 Kia Peng. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Vipod Suites. We’d like to share a lot of details about the Vipod Suites, but it seems like Monoland is keeping them all to themselves. There are some illustrator graphics at Monoland's website, but they are rather, well, simplistic. If this is Monoland’s way of building up the hype, then it’s really, really working 🙂 We have made a recent trip to the construction site and it seems that everything is at full swing, and we hope that it will meet its end of the year completion target. [spotlight role="target"][feature_box title="Listings For Vipod Suites" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] [caption id="attachment_1691" align="alignleft" width="339"] Vipod, dwarfing its nearest neighbour Menara Pinang[/caption] Monoland's previous KLCC project, the Quadro has received positive to mixed reviews; according to a purported Quadro buyer, buying from Monoland is akin to buying Mercedes from a Perodua dealer! Not too flattering, I must say. There's also a blog post somewhere which mentioned that the units were sold to bulk purchasers even when the S&P has been signed with an individual buyer. This remains unverified of course (and nobody should believe anything on face value the stuff they read on the Internet - this blog included!). Also, according to our favourite Malaysia real estate blogger Sin Leong, there was a case of a burst pipe which flooded many floors in Block A - see here ("Wet, Wet Vipod"). Given Monoland's rather rich portfolio (the upcoming SoHo Suites also in the KLCC enclave near Fraser Place, Oval Residences, 8 Gurney and Gurney Park up north in Penang) it seems a little hard for it to screw this up... but we shall see. 😉 What We’ve Gathered So Far... One of the best qualities about the Vipod Suites is its very convenient location. Slated to rise in between the Pavilion and KLCC, it’s almost sure how this freehold condominium will attract both locals and expatriates alike. It's quite central even by KLCC standards, and it does seem that everything is available on foot. Suria KLCC and Pavilion on Bintang Walk are both available at short walking distance. A winning proposition, for sure. There are also some "insider gossips" that we have gathered from the people in the industry which you can read by unlocking the section below with a Facebook like. Disclaimer: these are not verified, and so "use" them with discretion. [to_like id="1377"][feature_box title="Insider Gossips" title_color="fff" header_color="F5BA47"]The Vipod's biggest selling point is its location - being situated right in between the Pavillion and KLCC, being at a walking distance to both. However, it is built on a small-ish tract of land which means that the…

SherpaScore: Vipod Suites

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

A great bargain considering the very reasonable pricing. Strategic location rack up the appeal factor to the next level as it promise a home amidst the action while still enjoying a relatively serene surroundings.

User Rating: 2.6 ( 11 votes)
76

Finally, about the price. The average launch price was at RM850 PSF in 2010, and with asking prices etching towards RM1,000 PSF even at that time it could be seen as a bargain. If one would track Monoland’s history of launches he or she would notice this “practice” of pricing the launch at slightly below market prices in order to drive demand. Same thing here with Vipod. Also, apparently there’s a “pairing requirement” where smaller units are only available for buyers who purchased bigger units. Many may scream foul at this, but the developer is holding the trump card in this case.

True enough, the price appreciation kicked in and the sub sale market for Vipod has now gone full retard (pardon the rather vulgar term, but blame Hollywood for popularizing this term) with asking prices reaching as high as RM1,600 PSF as we checked Property GooRoo this morning. Branded residences like RuMa sold for RM2,000 PSF, but which could well represent the high bar for Vipod, and personally here at KLCCcondominiums.my we DO NOT see it reach that levels, although we may be forced to eat your words later this year when it does. *praying hard*

Meanwhile, you can estimate the fair market price for Vipod yourself using this GoodPlace.my guide by filling in your name and email below. Good stuff. Go read it.

arrow

Residensi Kia Peng

December 18, 2013 — Leave a comment

KLCC is definitely the playground for weekday and weekend warriors — its modern and hip façade is only made even more beautiful with its lush greenery and breath-taking landscapes. Among many buildings and residences that are rising in the area, Residensi Kia Peng stands out among its neighbouring condominiums by offering spacious and exclusive units to residents.

Click here
(and scroll down if needed) if you are looking for property listings for Residensi Kia Peng.

Strategic Location

Residensi Kia Peng picture

Residensi Kia Peng with the backdrop of the Petronas Twin Towers on a bright sunny day 🙂

Jalan Kia Peng is the perfect balance between the best of both worlds that KLCC provides. Residensi Kia Peng’s location offers a retreat from away from the hustle and bustle of Kuala Lumpur; while being within minutes from KLCC’s hip and urban setting.

Shopping malls are plenty in KLCC—residents can walk and choose from the Suria KLCC, Ampang Park, Pavilion KL, The Weld, and Avenue K should they need to ease the day away through hours of shopping.

If you work during the day and play during the night, it’s no wonder how KLCC has become the brightest spot for fun. Pubs, clubs, bars, restaurants, and lounges line up the area. The condominium is also close to hospitals, including Gleneagles Medical Centre, Ampang Puteri Specialist Hospital, and the Twin Towers Medical Centre.

Being in the “Kia Peng cluster” means that Residensi Kia Peng enjoys superior walkability to nearby amenities. Its GoodPlace Walkability Score (GWS) is 80, which is fairly high (the scale is from 0 to 100, with 100 being the highest score). To find out more about this score, and to download a free walkability map, go here.

The condominium can be easily accessed through the Ampang-Kuala Lumpur Elevated Highway, as well as Jalan Pinang and Jalan Tun Razak. Public transportation is no problem, as an LRT station is located inside the Suria Mall.

Use our interactive map below to check where the closest amenities to the Residensi Kia Peng are.
[poiautomap address=”KLCC Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Residensi Kia Peng[/poiautomap]

Luxury Amenities and Facilities for Everyone

Living in a condominium must mean luxury. Also, perks. So why settle for little when you can have more? Surely, Residensi Kia Peng aims to satisfies. Included in the condominium’s list of facilities are swimming pools, a wading pool, a Jacuzzi, a barbecue area, a club house, a nursery, a playground, a sauna, and a tennis court. A 24-hour security team is always in patrol to provide security. Covered parking is also provided to the condominium’s residents.

Unit Built-Up Area and Structure

Spacious and private are two words that can describe the condominium’s units. There are only one to two units per floor on each of the building’s 30 storeys. Units measure from 3,000 to 5,000 square feet – size-wise it is comparable to units you typically find in Avare and The Pearl. Suitable perhaps for a small to medium family, or for the bachelor who wants a spacious apartment in the heart of Kuala Lumpur.

residensi-kia-peng-skyline

Final Two Cents

It’s a fact how KLCC has become the hub for high-end luxury condominiums. This is pretty much evident with Residensi Kia Peng’s luxury-defined condominium neighbours — Marc Residence, Idaman Residence, The Binjai, and One KL.

This being said, the majority of the KLCC area might become overpopulated not only with properties, but as well with people, and vehicles. Traffic congestion is a common problem for KLCC condominium owners, especially during peak hours and the rush hours.

[dc]K[/dc]LCC is definitely the playground for weekday and weekend warriors — its modern and hip façade is only made even more beautiful with its lush greenery and breath-taking landscapes. Among many buildings and residences that are rising in the area, Residensi Kia Peng stands out among its neighbouring condominiums by offering spacious and exclusive units to residents. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Residensi Kia Peng. [spotlight role="target"][feature_box title="Listings For Residensi Kia Peng" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Strategic Location [caption id="attachment_353" align="alignleft" width="360"] Residensi Kia Peng with the backdrop of the Petronas Twin Towers on a bright sunny day :)[/caption] Jalan Kia Peng is the perfect balance between the best of both worlds that KLCC provides. Residensi Kia Peng’s location offers a retreat from away from the hustle and bustle of Kuala Lumpur; while being within minutes from KLCC’s hip and urban setting. Shopping malls are plenty in KLCC—residents can walk and choose from the Suria KLCC, Ampang Park, Pavilion KL, The Weld, and Avenue K should they need to ease the day away through hours of shopping. If you work during the day and play during the night, it’s no wonder how KLCC has become the brightest spot for fun. Pubs, clubs, bars, restaurants, and lounges line up the area. The condominium is also close to hospitals, including Gleneagles Medical Centre, Ampang Puteri Specialist Hospital, and the Twin Towers Medical Centre. Being in the "Kia Peng cluster" means that Residensi Kia Peng enjoys superior walkability to nearby amenities. Its GoodPlace Walkability Score (GWS) is 80, which is fairly high (the scale is from 0 to 100, with 100 being the highest score). To find out more about this score, and to download a free walkability map, go here. The condominium can be easily accessed through the Ampang-Kuala Lumpur Elevated Highway, as well as Jalan Pinang and Jalan Tun Razak. Public transportation is no problem, as an LRT station is located inside the Suria Mall. Use our interactive map below to check where the closest amenities to the Residensi Kia Peng are. [poiautomap address="KLCC Kuala Lumpur Federal Territory of Kuala Lumpur" zoom="15"]Residensi Kia Peng[/poiautomap] Luxury Amenities and Facilities for Everyone Living in a condominium must mean luxury. Also, perks. So why settle for little when you can have more? Surely, Residensi Kia Peng aims to satisfies. Included in the condominium’s list of facilities are swimming pools, a wading pool, a Jacuzzi, a barbecue area, a club house, a nursery, a playground, a sauna, and a tennis court. A 24-hour security team is always in patrol to provide security. Covered parking is also provided to the condominium’s residents. Unit Built-Up Area and Structure Spacious and private are two words that can describe the condominium’s units. There are only one to two units per floor on each of the building’s 30 storeys. Units measure from 3,000 to 5,000 square feet - size-wise it is comparable to units you typically find in Avare and The…

SherpaScore: Residensi Kia Peng

Location
Design
Amenities

Good

An immediate standout from its neighbours as it boasts a low density concept where residents can enjoy a life of exclusivity. A design that emphasizes and maximizes space is another draw to this alluring high rise condo.

User Rating: 2.12 ( 3 votes)
73

residensi-kia-peng-from-the-outsideOne luxury that this condominium provides is its spacious units that are dwindling in number among KLCC high-end condominiums. In addition, the peaceful environment and setting of Jalan Kia Peng is definitely inviting and offers a silent sanctuary for its residents who would love to relax and enjoy live slowly after a long and busy day at work.

However, one has to take note that Residensi Kia Peng are only for lease and not for sale. If that’s going to take you aback, don’t worry—there are a lot of condominiums in the KLCC enclave that will let you own that dream condominium unit that you’ve been wanting all your life. A quick search on local property sites returned rental listings going for RM11,000 monthly for a 3,300 sq ft unit.

On the other hand, if you’re looking to buy for investment opportunities, enter your details below for a free guide on how to know how much is a property worth – courtesy of GoodPlace.my.

RuMa KLCC

December 18, 2013 — 18 Comments

Living in a fast-paced city such as Kuala Lumpur poses a challenge—where does one find retreat in a city that never sleeps? Luckily, RuMa KLCC (or officially, The Ruma Hotel and Residences) steps up to the plate by offering world-class facilities and living amenities, coupled with a serene and tranquil environment that will let you relax and enjoy living your life.

Note: If you are looking for the Chinese version of this article, click here.

Located on Jalan Kia Peng, RuMa is just within walking distance to Bukit Bintang, the Pavilion Mall, KLCC Park, and Malaysia’s pride and joy – the Petronas Twin Towers. It’s near 3 Kia Peng apartments, and across the road from Quadro Residences. Developed on a freehold one acre land in the heart of KLCC, RuMa is comprised of 200 apartments and 253 hotel suites. The developer Ireka Corp has got an impressive roster of projects under its belt – most notably the I-ZEN condominiums at Mont Kiara, and also Westin Hotel on Jalan Bukit Bintang. It’s a indeed well established developer with a good track record.

The RuMa is under development as of the update of this review early 2014 – but if you’d like to check if there are opportunities in the sub sale market then use our DealFinder service.

If you’ve been to the area you might have remembered that the Top Hat Restaurant once stood here. Well, the site was sold to Ireka for a whopping RM87 million, or at RM2,000 per sq ft. Not too shabby…

Walkability Scores (And A Free Map!)

RuMa is located in the Kia Peng cluster inside KLCC, and as such, it enjoys superior “walkability” to nearby amenities. Its GoodPlace Walkability Score (more information here) is 80, which is at par with most Kia Peng condominiums. To download a high resolution map of KLCC condominiums with walkability scores (so that you can make comparisons), click here. The map is free.

The Numbers Game (RuMa’s Prices)

The Ruma KLCC under construction

At GDV of $635 million, expectations are high for The Ruma

The apartments at RuMa come in four sizes at 915, 980, 1,356, and 1,380 square feet respectively. Penthouses are sized at 3,000 square feet. All units are furnished with a kitchenette and air conditioners. Unit price per square feet was at around RM2,000 during launch – definitely not spare change by anyone’s standards! This firmly puts RuMa in the upper tier even amongst luxurious KLCC condominiums – although it’s still lower than the record-breaking transaction at Four Seasons Place (RM37 million for a penthouse apartment which worked out to be about RM3,000 per sq ft). It also interesting to note that a Binjai unit was once sold for RM38 million – but at a lower price per sq ft of RM2,660.

Update: list prices for the smallest units (900+ sq ft) start at around RM1.8+ million before developer discounts. To check if this is fair market value, remember to use this free guide courtesy of GoodPlace.my – click here.

Each RuMa unit is designed with elegance and chic in mind, as well as a hint of the Kuala Lumpur culture and lifestyle. Judging from the collaterals and the showroom, our editors here at KLCCcondominiums.my are giving RuMa our seal of approval. 🙂

RuMa also offers hotel services. With units starting from 441 square feet to 1,066 square feet, you’re sure to experience comfort and luxury all in one go. The hotel service is managed by Urban Resort Concepts (also known as URC), which operates the internationally famous hotel The PuLi in Shanghai. Units at the Hotel Suites come with guaranteed return of 6% for five years and the subsequent five years on NRDI (Net Rental Distribution Income). As an added bonus, owners get seven nights of free stay as well.

Contemporary Meets Class

At The RuMa, everything is a visual treat. From its great views of the KLCC district and its interior, it’s clear how The Ruma Hotel and Residences towers above its neighbouring condominiums and hotels. Those who favour an urban lifestyle will appreciate The Ruma Hotel and Residence’s carefully-created environment—chic, contemporary, and always classy. You’d expect nothing less for a place with a premium price tag, would you? 🙂

[dc]L[/dc]iving in a fast-paced city such as Kuala Lumpur poses a challenge—where does one find retreat in a city that never sleeps? Luckily, RuMa KLCC (or officially, The Ruma Hotel and Residences) steps up to the plate by offering world-class facilities and living amenities, coupled with a serene and tranquil environment that will let you relax and enjoy living your life. [blue_message]Note: If you are looking for the Chinese version of this article, click here.[/blue_message] Located on Jalan Kia Peng, RuMa is just within walking distance to Bukit Bintang, the Pavilion Mall, KLCC Park, and Malaysia’s pride and joy - the Petronas Twin Towers. It's near 3 Kia Peng apartments, and across the road from Quadro Residences. Developed on a freehold one acre land in the heart of KLCC, RuMa is comprised of 200 apartments and 253 hotel suites. The developer Ireka Corp has got an impressive roster of projects under its belt - most notably the I-ZEN condominiums at Mont Kiara, and also Westin Hotel on Jalan Bukit Bintang. It's a indeed well established developer with a good track record. [yellow_message]The RuMa is under development as of the update of this review early 2014 - but if you'd like to check if there are opportunities in the sub sale market then use our DealFinder service.[/yellow_message] If you've been to the area you might have remembered that the Top Hat Restaurant once stood here. Well, the site was sold to Ireka for a whopping RM87 million, or at RM2,000 per sq ft. Not too shabby... Walkability Scores (And A Free Map!) RuMa is located in the Kia Peng cluster inside KLCC, and as such, it enjoys superior "walkability" to nearby amenities. Its GoodPlace Walkability Score (more information here) is 80, which is at par with most Kia Peng condominiums. To download a high resolution map of KLCC condominiums with walkability scores (so that you can make comparisons), click here. The map is free. The Numbers Game (RuMa's Prices) [caption id="attachment_477" align="alignleft" width="336"] At GDV of $635 million, expectations are high for The Ruma[/caption] The apartments at RuMa come in four sizes at 915, 980, 1,356, and 1,380 square feet respectively. Penthouses are sized at 3,000 square feet. All units are furnished with a kitchenette and air conditioners. Unit price per square feet was at around RM2,000 during launch - definitely not spare change by anyone's standards! This firmly puts RuMa in the upper tier even amongst luxurious KLCC condominiums - although it's still lower than the record-breaking transaction at Four Seasons Place (RM37 million for a penthouse apartment which worked out to be about RM3,000 per sq ft). It also interesting to note that a Binjai unit was once sold for RM38 million - but at a lower price per sq ft of RM2,660. Update: list prices for the smallest units (900+ sq ft) start at around RM1.8+ million before developer discounts. To check if this is fair market value, remember to use this free guide courtesy of GoodPlace.my -…

SherpaScore: RuMa KLCC

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

More than being an ideal retreat from the hustle and bustle of the city centre, RuMa appeals to the discerning buyers for its design - a visual treat from the outside to the inside.

User Rating: 1.52 ( 3 votes)
75

Extravagance

Living a fast-paced lifestyle may be a tough act, but The Ruma Hotel and Residences will definitely let you take things down slow with its relaxing facilities and amenities. Planned facilities include a sun deck, a changing room, a luxurious swimming pool, a multi-purpose room, and a gymnasium. There’d be more to follow for sure, in order to meet the many demands of luxury and pleasure-seekers.

Use our interactive map below to check where the closest amenities to the RuMa KLCC are.
[poiautomap address=”KLCC Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]RuMa KLCC[/poiautomap]

RuMa is projected to be completed by the first quarter of 2017. Units are expected to sell fast, so be sure to make your move now before it’s too late. Want to own a prestigious RuMa address? Well, contact your favorite property agent for more information on how to live an urban lifestyle, mixed with tranquility and all the luxury that you deserve. We are not agents and so we don’t take commissions, but we can help link you up with one if you like. Just leave a message below.

 

3 Kia Peng

December 16, 2013 — Leave a comment