Pantai Hillpark is located near the residential enclaves of Bangsar South and Bukit Pantai. This hilltop residence is considered as one of the great successes of property development in the Klang Valley.
Continue Reading ⋅ 19 February 2022
In 2009, UOA Holdings launched 2 condominium blocks (Acacia and Begonia) at The Park Residences, in Bangsar South. The Park Residences’ residential precinct is separated from its commercial precinct by Jalan Kerinchi.
The commercial precinct consists of The Horizon (boutique offices), The Sphere (lifestyle mall), and The Vertical (office towers). It will have 11,038 parking bays when it is completed.
Kampung Kerinchi in Pantai Dalam, Bangsar, was acquired by UOA Holdings in about 2005. In mid-2007, the developer expanded the main road leading into the area into 3 lanes, built pedestrian walkways, and carried out landscaping works.
The 60-acre Bangsar South is the developer’s largest project with a gross development value (GDV) of about RM6 billion, and took about 12 years to complete. Through the years, the developer has improved accessibility to Bangsar South.
Address: Off Jalan Kerinchi, 59200 Bangsar South, Kuala Lumpur
Developer: UOA Group
Property Type: Condominium
Land Title: Residential
Tenure: Leasehold
No. of Blocks:
- Acacia: 4
- Begonia: 1
No. of Storeys:
- Acacia: 34
- Begonia: 26
Total Units: 470 units
- Acacia: 179 units
- Begonia: 291 units
Year of Completion: 2011
Built-up Area:
- Acacia: 1,910 sq ft – 2,095 sq ft
- Begonia: 1,260 sq ft – 2,068 sq ft
Facilities:
- Gymnasium
- Infinity swimming pool
- Jacuzzi
- Barbeque pit
- Children’s Playground with thematic equipment
- Function hall
Launch Price:
- Acacia: From RM653,800
- Begonia: From RM629,600
Launch Price Per Sq Ft: About RM350 per sq ft
Maintenance Fee:
- Acacia: RM0.29 per sq ft
- Begonia: RM0.22 per sq ft
Project Details
The Park Residences is a leasehold project, with built-up areas ranging from 1,260 sq ft to 2,095 sq ft. There is a total of 470 units across 2 condominiums – Acacia and Begonia. Acacia has 179 units, while Begonia has more, 291 units. Units come with 2 parking lots, and the development was completed around 2011.
Among amenities provided for the residents include a barbeque area, cafeteria, gymnasium, jacuzzi, children’s playground, swimming pool, security, and more. There are also ample facilities near Acacia and Begonia at The Park Residences.
Bangsar South is a vast development project that targeted at the medium- to high-end city-living market. There are also sufficient car parks and public transportation available; with 2 LRT stations within walking distance. The development is ideally located within a 10- to 15-minute drive to Bangsar, Mid Valley City, KL city centre, and Petaling Jaya.
|
Types |
Built-Up |
Launch Price |
|
Acacia |
Type A · 2,095 sq ft · 3 bedrooms · 1 maid’s room · 1 powder room · 1 study corner · 3 bathrooms · Balcony · Store room · Balcony
Type B1 · 1,910 sq ft · 3 bedrooms · 1 maid’s room · 1 powder room · 3 bathrooms · Balcony · Balcony |
From RM653,800 |
|
Begonia |
Type A · 2,068 sq ft · 3 bedrooms · 1 maid’s room · 1 powder room · 1 study corner · 3 bathrooms · Store room · Balcony
Type B · 1,485 sq ft · 3 bedrooms · 2 bathrooms · Balcony
Type C · 1,260 sq ft · 2 bedrooms · 2 bathrooms · Store room · Balcony
|
From RM629,600 |
Location
The Park Residences is easily accessible via the Federal Highway and New Pantai Expressway (NPE), which takes residents to various parts of KL and PJ. Slightly further are Jalan Klang Lama, and East-West Link Highway.
Besides that, this development area is close to 2 LRT stations – Universiti LRT station, and Kerinchi LRT station. There are also pedestrian bridges from Kerinchi LRT station to The Horizon, and from The Vertical to Nexus.
There are plenty of F&B options at The Sphere, Nexus Bangsar South, and The Vertical, which is a huge plus as we all love good makan places, without having to brave the traffic or pay for parking. Apart from that, there are grocers, speciality stores, wellness services, and banqueting facilities as well.
There’s also the KL Gateway Mall, which is just a super short drive away. More shopping options within a 15-minute drive include Mid Valley Megamall, Bangsar Shopping Centre, and Bangsar Village I & II. For leisure and sports, there’s the Bangsar South Central Park, Bangsar Sports Complex, and fitness centres in malls mentioned.
Accessibility
- Jalan Kerinchi
- Federal Highway
- Kerinchi Link
- New Pantai Expressway (NPE)
- Lebuhraya Persekutuan (Federal Highway)
- Universiti LRT station
- Kerinchi LRT station
Education
- SMK Seri Pantai
- SK Methodist
- SRA Al Khawarizmi
- Kolej Bedford
- Universiti Malaya
- Kuen Cheng High School
- Methodist College Kuala Lumpur
- SK Bangsar
- SK Bukit Bandaraya
- SMK Bukit Bandaraya
- Catholic High School, Petaling Jaya
- HELP University
Medical Care
- Life Care Diagnostic Medical Centre
- Cengild G.I. Medical Centre (Cgi)
- Yak Su Dang Chinese Medical Center
- Pantai Medical Centre
- UM Medical Centre
Shopping
- The Sphere
- Nexus Bangsar South
- KL Gateway Mall
- Mid Valley Megamall
- The Gardens
- Bangsar Village I & II
- Bangsar Shopping Centre
- Nu Sentral
Recreation
- Bukit Gasing Forest Reserve
- Bangsar South Central Park
- Bangsar Sports Complex
- Taman Jaya Recreational Park
- CHI Fitness, Nexus Bangsar South
- Anytime Fitness, KL Gateway Mall
Analysis
Whatever you want to call it, Kampung Kerinchi or Bangsar South, the area’s potential speaks volumes. Through the years, the area has continued to see new developments by developers of all sizes.
The 2 condominium blocks at The Park Residences were launched in 2009, with an average price of RM350 per sq ft. In Q2 of 2010, units were going for about RM450 per sq ft to RM550 per sq ft. Available listings in PropertyGuru in March 2021 show that it ranges between RM691 per sq ft to RM800 per sq ft.
For 1,485 sq ft units purchased at RM1.1 million and rented out at RM3,600 per month, the gross rental yield would be about 3.03% per annum.
While The Park Residences has a vast array of amenities, the downside is traffic congestion. With many offices located there, and the occasional events held there, one can expect to snail along the roads during peak drive hours.
Plus, Bangsar South is also home to high-density developments such as Pantai Hillpark. So, patience would be a virtue for residents and tenants in that enclave.
Here’s a glance at residential properties in Bangsar.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
The Park Residences by UOA Group |
Leasehold |
Condominium |
2010 |
1,260 sq ft – 2,095 sq ft |
RM629,600 |
|
Gaya Bangsar by UDA Holdings Berhad |
Leasehold |
Condominium |
2010 |
671 sq ft – 1,160 sq ft |
From RM650,000 |
|
Suasana Bangsar by UM Land |
Freehold |
Condominium |
2011 |
1,109 sq ft – 4,876 sq ft |
From RM600,000 |
|
Camelia Services Suites by UOA Development Bhd |
Leasehold |
Serviced Residence |
2014 |
638 sq ft, 861 sq ft & 1,419 sq ft |
From RM590,000 |
|
Freehold |
Serviced Residence |
2017 |
648 – 1,119 sq ft |
From RM640,350 |
|
|
Freehold |
Serviced Residence |
2017 |
441 sq ft – 1,130 sq ft |
From RM595,888 |
|
|
Leasehold |
Condominium |
2018 |
509 sq ft – 2,300 sq ft |
From RM152,300 |
|
|
KL Gateway Premium Residences by Suez Capital Sdn Bhd |
Leasehold |
Serviced Apartment |
2018 |
1,143 sq ft – 1,449 sq ft |
From RM1.18 million
|
|
Freehold |
Serviced Apartment |
2019 |
647 sq ft –1,441 sq ft
|
From RM720,000 |
|
|
Freehold
|
Serviced Apartment |
2021 |
450 sq ft – 1,141 sq ft |
From RM360,000 |
|
|
Leasehold |
Apartment Suites |
2023 |
948 – 2,002 sq ft |
From RM700,000 |
Summary
Bangsar South has developed substantially to become self-sustaining. The Park Residences is a transit-oriented development (TOD), as it is well-connected to transport infrastructure and surrounded by Grade A office towers, hotels, high-rise residences, and F&B options. Thus, the community of expatriates and locals have grown steadily.
The location of Bangsar South itself is strategic, as it is nestled Kuala Lumpur, Petaling Jaya, and Bangsar and easily accessible via the Federal highway, New Pantai Expressway (NPE), and SPRINT Highway. Other good accesses are via roads from Mont Kiara, Taman Tun Dr Ismail, Kelana Jaya, and Brickfields.
If you are interested in a 1,485 sq ft The Park Residences unit priced at RM1.1 million, take a look at these loan figures.
- LTV / margin of finance: 80%
- Down payment (20%): RM220,000
- Loan amount: RM880,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM3,806
- Approximate required gross annual income: RM154,000*
* Assumptions: You have no other monthly debt obligations, and 30% of gross income is spent on the home loan. Do note that banks usually loan up to 30% of your gross annual income.
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