• Caitlyn
  • 20 October 2021

216 Residences is developed by Vizione Holdings Bhd, and it sits on 0.898 acres of leasehold commercial land in Kuchai Lama, off Jalan Kelang Lama. The project was launched in July 2019, and it has a gross development value (GDV) of RM111 million.

216 Residences is Vizione’s first foray into property development. In early 2019, the construction company bought Pembinaan Angkasa Permai Sdn Bhd, which is jointly building the development with landowner Hanacekap Sdn Bhd.

216-Residences-18

The project received good response, with a take-up rate of 70% several weeks after its launch. 216 Residences is scheduled for completion in Q2 of 2022, and the project’s sales gallery is located at Old Klang Road.

Address: Taman Kuchai Jaya, Kuchai Lama, 58200 Kuala Lumpur

Developer: Vizione Holdings Bhd

Property Type: Serviced apartment

Land Area: 0.898 acres

Land Title: Commercial

Tenure: Leasehold (expires November 2116)

No. of Blocks: 1

No. of Storeys: 29

Total Units: 216

Developer’s office: L1-03, PJX‐HM Shah Tower, 16A, Persiaran Barat, 46050 Petaling Jaya, Selangor

Year of Completion: 2022

Built-up Area: 658 sq ft – 1,854 sq ft

Facilities:

216-Residences-17

Level G

  • Secret garden
  • Cascading nooks

Level 7

  • Indoor games room
  • Outdoor games room
  • Business lounge
  • Playground
  • Outdoor lounge
  • Pool lounge
  • Dressing room
  • Sauna
  • Kid’s pool
  • Wading pool
  • Swimming pool
  • Celebrity kitchen
  • Event hall
  • Gymnasium
  • Surau

Launch Price: From RM300,000

Maintenance Fee: RM0.35 per sq ft

Project Details

216 Residences is a 29-storey block, with 216 units of serviced apartments. The units feature seven layouts ranging from 658 sq ft (2 bedrooms, 2 bathrooms) to 1,023 sq ft (3 bedrooms, 2 bathrooms). There are also four penthouse layouts (4+1 bedrooms, 3-bathrooms), with built-ups from 1,316 sq ft to 1,854 sq ft. Most units will be partially furnished, with kitchen cabinet, three air conditioners, and kitchen hob and hood.

216-Residences-15216-Residences-14216-Residences-13216-Residences-10216-Residences-12216-Residences-11216-Residences-7216-Residences-9216-Residences-8216-Residences-19216-Residences-6216-Residences-5216-Residences-4

According to the developer, with the variety of layout and unit sizes as well as facilities and amenities, this project is ideal for singles and small families. 216 Residences features a Zen-inspired concept development in an established location, and it is priced affordably. The selling prices range from RM300,000 to RM1.66 million, and the maintenance cost is estimated at 35 sen per sq ft, and the lease will expire in November 2116.

Facilities at 216 Residences include a swimming pool, wading pool, pool lounge, gymnasium, lounges, celebrity kitchen,  sauna, event hall, and indoor and outdoor games rooms. Take a look at the full list of facilities under the Introduction section.

Unit Types

Built-Up

Type A / A1 / A2

·       658 sq ft

·       2 bedrooms

·       2 bathrooms

·       RM300,000

Type B / B1

·       832 sq ft

·       2 bedrooms

·       2 bathrooms

·       RM531,960

Type B2

·       804 sq ft

·       2 bedrooms

·       2 bathrooms

·       RM515,000

Type C

·       831 sq ft

·       3 bedrooms

·       2 bathrooms

·       RM548,460

Type C1

·       854 sq ft

·       3 bedrooms

·       2 bathrooms

·       RM564,300

Type C2

·       847 sq ft

·       3 bedrooms

·       2 bathrooms

·       RM557,700

Type D

·       1,023 sq ft

·       3 bedrooms

·       2 bathrooms

·       RM675,840

Type P1

·       1,854 sq ft

·       4 + 1 bedrooms

·       3 bathrooms

·       RM1,668,600

Type P2

·       1,316 sq ft

·       4 bedrooms

·       3 bathrooms

·       RM1,206,900

Type P3

·       1,732 sq ft

·       4 + 1 bedrooms

·       3 bathrooms

·       RM1,555,200

Type P4

·       1,658 sq ft

·       4 bedrooms

·       3 bathrooms

·       RM1,450,800

Show More

Location

216 Residences is located at Jalan Kuchai Lama, a mature township with accessibility via major expressways including the KL-Seremban Highway, New Pantai Expressway (NPE), Maju Expressway (MEX), and the Shah Alam Expressway (KESAS). It is also a few minutes’ drive to Bangsar, Bandar Sunway, Petaling Jaya, and Sungai Besi.

The developer believes that its strategic location and upgrade of infrastructure such as the upcoming Kuchai Lama MRT station are reasons why many homebuyers are attracted to this area. The Kuchai Lama MRT is expected to start operations in 2022, and it is just 1.5km from 216 residences.

216-Residences-16

Here are the distances of other areas and amenities from 216 Residences:

  • 1km to SK Seri Setia, SMK Sri Sentosa, SJK (C) Choong Wen, Kuchai Entrepreneurs Park
  • 2km to Kuchai MRT station, Pearl Suria Mall, Scott Garden
  • 3km to Pantai Dalam KTM station
  • 4km to Bangsar South / Taman OUG
  • 5km to Mid Valley Megamall
  • 6km to KL Sentral
  • 5km to Bandar Malaysia

Accessibility

  • Jalan Kuchai Lama
  • Jalan Gembira
  • Jalan Mesra Ria
  • Old Klang Road
  • New Pantai Expressway (NPE)
  • Maju Expressway (MEX)
  • Salak Highway
  • Federal Highway
  • Shah Alam Expressway (KESAS)
  • MRT Kuchai Lama station (Sg Buloh-Serdang-Putrajaya, SSP Line)
  • KTM Pantai Dalam
  • KL Sentral

Education

  • SK Seri Setia
  • SMK Seri Sentosa
  • SJK (C) Choong Wen
  • SJK (C) La Salle
  • SMK Taman Yarl
  • SR Sathya Sai
  • SJK Danau Perdana
  • SMK Desa Perdana
  • Kuen Cheng High School
  • Megatech College
  • INTEC Education College
  • University of Malaya
  • UCSI University

Medical Care

  • Taman Desa Medical Centre
  • iHeal Medical Centre Kuala Lumpur
  • Pantai Hospital Kuala Lumpur
  • University Malaya Medical Centre

Shopping

  • Kuchai Entrepreneurs Park
  • Giant
  • Pearl Point Shopping Mall
  • The Scott Garden
  • NSK Trade City
  • Pearl Suria Mall
  • Plaza OUG
  • Endah Parade
  • Old Klang Road wet market
  • The Store Sri Petaling
  • Mid Valley Megamall

Recreation

  • Sports Arena Sentosa
  • The Scott Garden
  • Bukit Gasing
  • Taman Jaya Park
  • Bukit Jalil Recreational Park
  • Bukit Jalil National Stadium
  • Axiata Arena
Show More

Analysis

216 Residences is a low-density project, in a highly convenient location. With every mature and popular area, comes the traffic that residents will have to get used to, or accept. The other key concern by netizens include the land size, which is just about 1 acre.

216-Residences-2

As for positives, the project is relatively close to an upcoming MRT station (Kuchai Lama), comes with practical layouts, and is priced affordably for the area. According to the developer, property values in the area have appreciated significantly. It could be due to the MRT station, as properties located near transportation hubs tend to see quicker value appreciation.

216-Residences-3

Here’s a quick look at properties close to 216 Residences.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

216 Residences by Vizione Holdings Bhd

Leasehold

Serviced Apartment

2022

658 sq ft – 1,854 sq ft

From RM300,000

Seringin Residences by See Hoy Chan Group

Freehold

Condominium

2015

1,523 sq ft – 6,760 sq ft

From RM500,000

OUG Parklane by Akisama Group

Freehold

Serviced Apartment

2015

950 sq ft

From RM258,400

Le Yuan Residence by UOA Group

Freehold

Condominium

2014

1,164 sq ft – 1,782 sq ft

From RM673,500

Arte @ Kuchai Lama by Nusmetro Group

Leasehold

Condominium

2014

1,421 sq ft – 2,045 sq ft

From RM545,800

Petalz Residences by Exsim Group of Companies

Freehold

Serviced Apartment

2016

895 sq ft – 1,256 sq ft

From RM581,750

GenKL by Asiana Agresif Sdn Bhd

Freehold

Condominium

2019

1,150 sq ft – 1,894 sq ft

From RM900,000

CitiZEN@Old Klang Road by Binastra Land

Freehold

Serviced Apartment

2019

852 sq ft – 1,133 sq ft

From RM511,200

The Hermington by Aset Kayamas

Leasehold

Condominium

2020

From 1,075 sq ft

From RM450,000

Waltz Residences by WCT Holdings Berhad

Freehold

Condominium

2020

948 sq ft – 1,691 sq ft

From RM814,000

Residensi Far East by Far East Kuchai Development Sdn Bhd

Leasehold

Serviced Residence

2021

657 sq ft – 1,107 sq ft

From RM459,000

8th & Stellar by Chin Hin Property Development

Leasehold

Serviced Residence

2022

711 sq ft – 818 sq ft

From RM459,000

Aster Green Residence by UOA Group

Freehold

Suite Apartments

2023

657 sq ft – 958 sq ft

From RM389,000

M Oscar by Mah Sing Group

Freehold

Serviced Residence

2023

709 sq ft – 1,198 sq ft

From RM428,000

Show More

Summary

Vizione Bhd is a listed company in Bursa Malaysia. They purchased Pembinaan Angkasa Permai Sdn Bhd for RM7 million, as it is in line with the group’s intent to venture into property development. 

Some of their completed construction projects include Sunway Gandaria Bangi, Klang Gardenia, Sunway Velocity, Sunway Eastwood, Paragon Mastery, The Strand Kota Damansara, many PPR projects, and many more. Their on-going construction projects include Midlands City @ Semenyih, Pengerang Eco-Industrial Park @ Johor, and GreenPark Village @ Semenyih, among others.

216-Residences-1

So, if you’re interested in a unit at 216 Residences priced at RM515,000, here are its estimated loan figures based on the PropertyGuru Home Loan Calculator and PropertyGuru Home Loan Eligibility and Affordability Calculator.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM51,500
  • Loan amount: RM463,500
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM2,004
  • Approximate required gross annual income: RM81,000*

* Assumptions: You have no other monthly debt obligations, and 30% of gross income is spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

Can you afford the loan for this property?

DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for. To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Loan Pre-Approval online service. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

 

Keep browsing Malaysia’s largest property site for more project reviews.

Show More
Eric Wong

Caitlyn

Contact Advertiser

Contact Advertiser
Pembinaan Angkasa Permai Sdn Bhd

Legal Disclaimer: The advertiser assumes all responsibility of the advertisement details

Feedback