121 Residences, Petaling Jaya

  • Pavither
  • 2 December 2019

121 Residences is developed by Glomac Bhd, and located in the heart of PJ-Damansara. It has a gross development value (GDV) of RM321 million, and the project’s 2 blocks (Tower A and Tower B) are developed across 3.1 acres.

Glomac Bhd has been rather quiet in 2017 to 2018, but it created much excitement in 2019 with the launch of the leasehold 121 Residences. As at October 2019, 93% of the 445 units in Tower A have been taken up. 389 units of Tower B will be launched by the end of 2019.

The popularity of 121 Residences is due to the combination of pricing, location and connectivity. Units at Tower A are from 450 sq ft to 750 sq ft, and it is priced from an affordable RM318,000 onwards.

121 Residences is developed by Glomac Bhd, and located in the heart of PJ-Damansara.

121 Residences will benefit from the large population catchment area, as it sits in the midst of well-established neighbourhoods, including Bandar Utama, Taman Tun Dr. Ismail (TTDI), Damansara Utama, and Mutiara Damansara.

With its location, 121 Residences is accessible via the Lebuhraya Damansara-Puchong (LDP), SPRINT Expressway, New Klang Valley Expressway (NKVE), SPRINT Expressway and the nearby Bandar Utama MRT Station and upcoming LRT3 line.

This urban living development will also feature a 4-tier security, with 24 hours’ security system, CCTV surveillance and access card, for residents. The lifestyle component of the project also offers a podium garden besides sporting facilities. Glomac plans to have a community lounge in 121 Residences where residents can mingle and socialise. The furnished lounge will have high-speed broadband and games such as darts and table tennis!

People are still looking to buy property, but affordability is a key deciding factor. The Government’s Home Ownership Campaign (HOC) has definitely helped.

121 Residences is developed by Glomac Bhd, and located in the heart of PJ-Damansara.

Address: Jalan Teratai, Jalan PJU 6a/3a, 47400 Petaling Jaya, Selangor

Property Type: Serviced Apartment

Land Title: Commercial

Total Units: 834 units in 2 blocks (554 units SoHo, 280 units Serviced Apartment)

Tenure: Leasehold

Sales Gallery: Jalan Teratai, Jalan PJU 6a/3a, 47400 Petaling Jaya, Selangor

Year of Completion: 2023

Built-up Area: 450 sq ft & 750 sq ft

Facilities:

Level 1

  • Children-care Room
  • Launderette
  • Management Office

Level 6
Outdoor facilities

  • Swimming pool
  • Wading pool
  • Gazebo
  • BBQ area
  • Multi-purpose court
  • Children’s playground
  • Jogging path
  • Outdoor gym
  • Reflexology path

Clubhouse

  • Multi-purpose hall
  • Mini market
  • Gym room & fitness studio
  • Lounge
  • Reading room
  • Tai chi / yoga area
  • Game room
  • Surau

Launch Price: From RM318,000

Maintenance Fee: RM0.38 per sq ft

Award: People’s Choice Award from IDEA 2019 (iProperty Development Excellence Awards)

Project Details

The two 33-storey towers offer a total of 834 units of either SoHo (450 sq ft) or serviced apartment (750 sq ft). This residence will be guarded by a 4-tier security surveillance system, with round-the-clock patrol, CCTV monitoring, and access card control. Units at Tower A are priced from an affordable RM318,000 onwards.

The popularity of 121 Residences is due to the combination of pricing, location and connectivity.

The development is designed to provide a homely environment, whilst encouraging an interaction-oriented community. There’s also a community lounge at the 121 Residences, with high-speed internet for residents to enjoy themselves while getting to know their neighbours.

In conjunction with Glomac’s 30th Anniversary Rewards Campaign, the developer is offering special packages for 121 Residences with rewards and prizes (a chance to win Proton X70 and other prizes), in addition to enjoying the benefits of the Home Ownership Campaign (HOC).

The popularity of 121 Residences is due to the combination of pricing, location and connectivity.

Unit Types

Details

Launch Price

Type A / A1

·       SoHo

·       450 sq ft

·       1+1 room

·       1 bathroom

 

 

 

RM318,000

 

Type B / B1

·       Serviced apartment

·       750 sq ft

·       3 rooms

·       2 bathrooms

The popularity of 121 Residences is due to the combination of pricing, location and connectivity.

Show More

Location

The upcoming Light Rail Transit 3 (LRT3) is merely 400 metres from 121 Residences. The LRT3 opens up to the larger part of Greater Kuala Lumpur, heading west to the suburbs, including Shah Alam, and Klang. It is also a stop away from the Mass Rapid Transit (MRT) Bandar Utama station.

The upcoming Light Rail Transit 3 (LRT3) is merely 400 metres from 121 Residences.

121 Residences is also well-connected via major highways including SPRINT Expressway, Lebuhraya Damansara-Puchong Expressway (LDP), and New Klang Valley Expressway (NKVE).

Educational institutions and hospitals that are within close proximity to 121 Residences include The British International School of Kuala Lumpur, First City University College, KPJ Damansara Specialist Hospital, and Thomson Hospital Kota Damansara.

121 Residences is located at a prime location with exceptional convenience and amenities. Apart from educational institutions and hospitals, 121 Residences is also surrounded by matured commercial developments, including 1 Utama Shopping Centre (just 1.5km away), Centrepoint Bandar Utama, Jaya Grocer, Starling Mall, Damansara Uptown, IKEA Damansara, and the Curve.

121 Residences is located at a prime location with exceptional convenience and amenities.

There’s plenty of choices for family and recreational entertainment too. There’s the Mutiara Damansara recreational park, Bandar Utama central park, Tropicana Golf and Country Resort, Kelab Golf Perkhidmatan Awam, and TPC Kuala Lumpur.

Accessibility

  • MRT Bandar Utama
  • Lebuhraya Damansara-Puchong (LDP)
  • SPRINT Expressway
  • New Klang Valley Expressway (NKVE)
  • Kerinchi Link
  • Penchala Link
  • New Pantai Expressway (NPE)
  • Federal Highway
  • MRT Mutiara Damansara
  • LRT 3 Station Kayu Ara
  • LRT 3 Station Bandar Utama
  • LRT 3 Station Tropicana

Education

  • SMK Bandar Utama Damansara 2
  • SRK Bandar Utama
  • SJK (C) Puay Chai 2
  • First City University College
  • SMK Damansara Utama 3
  • KDU College
  • The British International School Of Kuala Lumpur
  • SMK Damansara Utama
  • SJK (C) Damansara
  • St. Joseph’s Institution International School Malaysia

Medical Care

  • KPJ Damansara Specialist Hospital
  • Thomson Hospital Kota Damansara

Shopping

  • Centrepoint Bandar Utama
  • Atria Shopping Gallery
  • 1 Utama Shopping Centre
  • Starling Mall
  • Damansara Uptown
  • Glo Damansara Mall
  • The Curve
  • 3 Damansara
  • IPC Shopping Centre
  • Tesco Mutiara Damansara
  • IKEA

Recreation

  • Central Park Bandar Utama
  • Champion Badminton Court
  • Ara Court Badminton Hall
  • Central Park Bandar Utama
  • Bandar Utama Golf Course
  • The Club
  • Mutiara Damansara Recreational Park
  • Tropicana Golf & Country Resort
  • TPC (Tournament Players Club)
Show More

Analysis

Glomac Bhd achieved a sales take-up of 90% for Tower A during its launch, and the developer attributes this to its affordable pricing. This follows the success of Plaza @ Kelana Jaya Residences, which saw a take-up of 85%.

121 Residences’ key selling points are its proximity to the upcoming Damansara Utama LRT 3 station (400m / about 5 minutes’ walk away), its location between prime townships, easy access to basically everything, and practical layouts for individuals and young families.

121 Residences will attract both investors and owner-occupiers

Young people prefer smaller units with facilities and in locations near public transport. Thus, 121 Residences will attract both investors and owner-occupiers, as has been the case at Plaza @ Kelana Jaya.

Some people opine that 450 sq ft is too small. However, the developer believes that through their experience and innovation, they have created the right space for the 450 sq ft units. There are two rooms, but for the second room, you will have to be a bit more creative with the placement of the furniture.

121 Residences will attract both investors and owner-occupiers

Here’s a quick look at residential properties in Petaling Jaya.

Project

Land Tenure

Unit Type

Completion

Built-up

Approximate Launch Price

121 Residences by Glomac Bhd

Leasehold

SoHo / Serviced Apartment

2023

450 sq ft & 750 sq ft

From RM318,000

Lumi Tropicana by Thriven Global Bhd

Leasehold

Serviced Residences

2019

862  sq ft – 2,218 sq ft

 

From RM 857,650

 

 

The Arcuz @ Kelana Jaya by Exsim

Leasehold

Serviced Apartment

2022

753 sq ft – 978 sq ft

 

From RM681,500

Ivory Signature Suites by Ivory Panorama Sdn Bhd

Freehold

Serviced Apartment

2022

From 922 sq ft

From RM708,000

Ryan & Miho by OSK Property

Leasehold

Serviced Apartment

2021

678 sq ft – 990 sq ft

 

From RM550,000

Aera Residence by Chin Hin Property Development

Leasehold

Serviced Apartment

2020

718 sq ft to 1,010 sq ft.

 

From RM389,000

Sunway Serene by Sunway Property

Leasehold

Serviced Residence

2022

892 sq ft – 1,788 sq ft

 

From RM732,000

Show More

Summary

121 Residences offers value for its price and location. The development is close to everything, within a 15 minutes’ drive. So, if you are giving this project some thought, then also think about the benefits from the Home Ownership Campaign (HOC 2019), free kitchen cabinets voucher worth up to RM8,000 (terms and conditions apply), and stand a chance to win a ProtonX70 or other prizes.

If you are interested in a unit priced at RM350,000 at 121 Residences, the monthly repayment would be approximately RM1,559. This is based on a 30-year 90% LTV loan of RM315,000 with an interest rate of 4.3%. The monthly repayment figure is derived from PropertyGuru’s Home Loan Calculator.

Based on PropertyGuru’s Home Loan Eligibility and Affordability Calculator, you would need an approximate gross annual income of RM62,000, with no other monthly debt obligations, to be eligible for a loan amounting to approximately RM313,000. This is assuming that you use 30% of your gross income to repay the loan.

To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!

Show More
Eric Wong

Pavither

Contact Advertiser

Contact Advertiser

Legal Disclaimer: The information contained in this website is subject to change and cannot form part of an offer or contract. All renderings are artist’s impression only. All measurements are approximate. While every reasonable care has been taken in preparing this website, the developer & PropertyGuru International cannot be held responsible for any inaccuracy. All the items are subject to variations, modifications and substitutions as may be required by the Authorities or recommended by the Architect or Engineer.

Feedback