The Light Residences

Light Residences (also known as The Light Residence) is a leasehold apartment located in Penampang, Kota Kinabalu. This is a high end condominium situated just adjacent to the Penampang By-Pass. Nestled in the peaceful greenery of the City's prime Penampang district, it offers both serenity and convenience. This condominium is developed by RA Concept Development Sdb Bhd which this group are based in Malaysia, with the head office in Kota Kinabalu. It operates in the Other Activities Related to Real Estate sector. The company was established on March 12, 2010. From the latest financial highlights, Ra Concept Development Sdn. Bhd. reported a net sales revenue drop of 86.39% in 2017. Its total assets decreased by 49.15% over the same period. This Light Residence are featuring a terrace which ensuring an optimum comfort to the residents who lives in there. There is a lush landscaped garden facility floor to complement an outdoor living area of children playground. This condominium is come with a stylish modern design with functional layout and also provide the high windoes for more natural light and ventilation. This condominium is provide to every condominium unit two car-parking lots. The developers saids that it is very common for a married couple/family to have two vehicles. They have a problem when there is only one car park provided for their respective unit and that is why we often see many people park their vehicles outside the building compound because there are not enough car parks. Besides that, big open plan concept, meaning that every unit is a corner unit. Corner unit means there is ample natural light and ventilation coming into the unit. So during the day the home owner does not have to switch on the light just to brighten their home and this way they save some energy. Apart from that, their green-concept home would have ample natural light and ventilation that will enable them to save energy during daytime. The Light Residences is a new and low density condominium located at Kobusak, Penampang area. It is near to Plaza 333, CKS Millenium, Rainfield Court, and Lido Plaza. driving distance to Market 88 Lintas and Lintas is near, and to KK is within 15 minutes driving. Just minutes away from KKIA and Kota Kinabalu City Center with close proximity to excellent amenities, shopping and dining. The Light Residences located very strategically as it is very close to the city centre and surrounding commercial areas; it was easy accessibility to road to CKS Millenium and plaza 333 which the residents can reach there by 5 minutes. Besides that, it also easy access to the Jalan Nosoob. For the Sabah State Museum & Heritage Villages is just 4.3km nearby to the propertywhile Sabah State Museum is around 4.3km away from it. The nearby area of this condominium are Kota Kinabalu City Center, Plaza 333, KK International airport, Lintas Plaza, Lintas Square and Hilltop Commercial center. Buyers of the Light Residence Condominium units to be built along the Jalan Penampang By-pass, near Chua Ka Sing supermarket. Several of the schools here include SK Bahang and SMK Bahang. Facilities features in this condominium are includes playground, gymnasium room, wading pool, barbecue area, swimming pool, basketball court, car park, clubhouse, cafe, covered car park and perimeter fencing. They also provide CCTV & State of Art Security that come with intercom system. The open terrace with outdoor dining and cooking facilities also available. This development consists of one block of 19-storey, 228 condominium units with Level 1 to 3 being car park floors with sizes ranging from 1,047 sq ft to 1,493 sq ft. Priced at RM395 to RM518 psf, about 50% of the units are said to have been taken up during the launch in October 2012.This project are come with the layout with 3+1 bedroom, 3 bathrooms and 2 car park lots. For the balcony view which is facing the sea and suburb view which is very chill to see the view daily with your families or your loves one. The current market prices for Light Residences are from RM580,000 to RM820,000 (about RM550 psf); while the monthly rentals are from RM2,000 to RM2,800 (about RM1.54 psf). The highest median price psf ever recorded was RM587 psf in Q3 2019; while the lowest one was RM440 psf in Q3 2015. The current rental yield of Light Residences is around 4.06%, compared to 3.93% a year ago in Q3 2018. The highest rental yield ever recorded was 4.8% in Q4 2018; while the lowest one was 3.29% in Q2 2019. The most popular layout and size combination at Light Residences is 3-bedroom / 1,329 sf with a median price of RM550 psf. For price wise, the most expensive one is 3-bedroom / 1,056 sf with a median price of RM560 psf; while the cheapest one is 3-bedroom / 1,329 sf with a median price of RM550 psf. This is the only prestigious project developed by the developer which is The Light Residences. Also, other projects around the area that might be worth checking out includes Ganang Villa, 80 Residence, Maang Apartment, Cyber City Apartment, 1 Sulaman and also Country Heights Apartment.