Curvo Residences is the final residential phase of the first integrated development in Setapak, SkyArena.
Continue Reading ⋅ 30 January 2023
8th & Stellar in Sri Petaling is a project of Chin Hin Property Development, the real estate arm of privately-held construction conglomerate Chin Hin Group Bhd, which was founded in 1974. Its completed projects include KB Square @ Kota Bharu Waterfront, Gembira Residen at Kuchai Lama, and Tech Avenue Industrial Park at Bukit Jelutong, Shah Alam.
With a gross development value (GDV) of about RM450 million, the 8th & Stellar mixed-use project consists of two towers that stand on 2.2 acres of leasehold land. Apart from six shop lots, the two blocks contain 138 duplex lofts and 522 serviced residences.
The project also features 120,000 sq ft of office space, where Chin Hin Property Development intends to move its headquarters from its existing premises along Jalan Kuchai Lama. The integrated development was launched in the second quarter of 2018 and is expected to be completed by 2022.
Address: Jalan Pasai 1, Sri Petaling, Other, Sri Petaling, Kuala Lumpur
Property Type: Serviced Residences, duplex lofts, shoplots and office space.
Land Title: Commercial
No of Storeys: N/A
No of Blocks: 2
Total Units:
- Duplex lofts: 138
- Serviced Residence: 522
- Shoplots: 6
Tenure: Leasehold
Sales Gallery: A-0-9 Pusat Perdagangan Kuchai, No. 2, Jalan 1/127, off Jalan Kuchai Lama, 58200 Kuala Lumpur, Malaysia
Site GPS Coordinates: 3.072676, 101.701597
Expected Date of Completion: 2022
Built-up area: 711 sq ft – 1,238 sq ft
Facilities:
Ground Level
- Landscape Frontage
- Main Lobby
- Perimeter Planting
- Aromatic Season Garden
- The ‘Verdant’
- Cascade Garden
Level 9
- Interactive Playground
- Wading Pool
- Splash Point
- Floating Island
- Jogging Track
- Basketball Court
- Resting Lounge
- Outdoor Fitness
- Reflexology Path with Linear Garden
- Taichi Area
- Qi Gong Area
- Fitness / Yoga Deck
Level 43
- Infinity Swimming Pool
- Sunken Deck
- Jacuzzi
- Party Terrace
- Pavilion cum BBQ Zone
- Badminton Court
- Snack Bar
- Event Patio
- Multipurpose Space
- Games Room
- Gym
Price: From RM459,000
- Service Apartment – RM530,000
- Duplex Loft – RM459,000
- Full furnishing worth RM50,000
Maintenance Fee psf: N/A
Parking Bay/s per Unit: N/A
Project Details
The residential units at 8th & Stellar come with layouts spanning from 711 sq ft and 1,238 sq ft respectively. The duplex lofts and serviced residences are priced from RM528,000 to RM919,000. These come with 1-3 bedrooms and 2-3 bathrooms.
|
Unit |
Built-Up |
Starting Price |
|
Serviced Apartment |
818 sq ft |
From RM530,000 |
|
Duplex Loft |
711 sq ft |
From RM459,000 |
Given that 8th & Stellar will house the developer’s new HQ, the project comes with many impressive facilities.
For instance, there’s a plethora of green spaces on the ground level, such as the Aromatic Season Garden, The Verdant, and the Cascade Garden. As for the ninth level, it’s a haven for workout fanatics thank to its interactive playground, jogging track, basketball court and outdoor fitness area. Apart from a yoga deck, there is also an area for practicing Taichi and Qi Gong.
On the 43rd floor, residents can admire majestic views of the area at the infinity swimming pool. They can also relax at the Jacuzzi, or hold parties at the pavilion, which also serves as a BBQ area. There is also an event patio and multi-purpose space, in addition to the games room, badminton court and gym.
One thing unique about this project is that it’s touted as the first development in Sri Petaling to offer dual key units and homes for multigenerational families. Apart from being close to the future Taman Naga Emas MRT Station, another appealing thing is that the project will have an eye-catching curtain wall façade, which will be the new iconic landmark within the Sri Petaling vicinity.
The developer is also considering keeping the six shoplots to be leased out to selected retailers.
Location
8th & Stellar is situated in flourishing Sri Petaling. One of the most attractive things about its address is that it’s just a short walk to the future Taman Naga Emas MRT Station along the 52km Sungai Buloh-Serdang-Putrajaya Line, which is expected to start operating by 2022.
Located along Jalan Pasai 1, the leasehold project is well-connected to major roads such as the KL-Seremban Highway, Shah Alam Expressway (KESAS), New Pantai Expressway (NPE), Maju Expressway (MEX), and Kuala Lumpur Middle Ring Road 2 (MRR2).
Consequently, future residents of 8th & Stellar can quickly travel to Kuala Lumpur City Centre (KLCC), Shah Alam, USJ, Bandar Sunway and Bukit Jalil. The development is also a short-drive to the existing Sri Petaling LRT station, enabling residents to get around to other places in Klang Valley easily.
For their shopping needs, homebuyers will be happy to know that the project is within proximity to The Store, AEON Mall Shah Alam, 99 Speed Mart, and Endah Parade, a popular shopping area.
Apart from being close to financial institutions like Public Bank, CIMB Bank, and Bank Islam, 8th & Stellar is also near reputable learning institutions like SK Salak South, Taska Children World, Stellar Academic, SK Bandar Baru Sri Petaling, SMK Bandar Baru Sri Petaling and SK Bandar Baru Sri Petaling 2, SK Desa Tasik, and Institut Sosial Malaysia.
Analysis
|
Name |
Completion Date |
Land Tenure |
No. of Blocks |
Selling Price |
|
8th & Stellar, Sri Petaling |
2022 |
Leasehold |
2 |
From RM459,000 |
|
Pinnacle, Sri Petaling |
2020 |
Leasehold |
3 |
From RM499,800 |
|
Residensi Bintang, Sri Petaling |
2022 |
Leasehold |
2 |
From RM553,000 |
Pros
One of the most cited positive things about 8th & Stellar is its proximity to the future Taman Naga Emas MRT Station. It is also the first project in the area to offer dual key units, giving it an edge when attracting buyers or tenants. Furthermore, we like the fact that the project features more than 20 facilities to cater to the needs of its residents from all walks of life.
Cons
There are only a few complaints about 8th & Stellar. One is the “daring” psf price for a project that’s leasehold status. But as you can see from the above table, the absolute selling price appears reasonable when it’s compared with other projects in the area, namely Pinnacle and Residensi Bintang.
Another thing that was pointed out was the lack of major hospitals in the area; and although there are some clinics, this could be an issue in case of emergencies. In addition, during peak hours, the roads in that area can quickly become congested.
Summary
Despite the lack of good hospitals in the vicinity of 8th & Stellar, we believe this setback can be balanced out once the nearby Taman Naga Emas MRT Station is completed, as future residents can quickly travel to other major urban centres in Klang Valley. Given its many perks and very few downsides, we think the development can be an ideal home, especially for large multigenerational families, and the dual key units are easier to rent out.
Assuming you take out a RM422,400 loan (80% LTV) with an interest rate of 4.6% that is payable in 30 years to purchase a RM RM528,000 unit in 8th & Stellar, your monthly debt instalments work out to RM2,165.
Following experts’ advice that your monthly expenses on housing should not exceed 30% of your salary, you need an income of at least RM7,217 per month to be able to afford a unit in this leasehold project.
