Akasa, Cheras South

  • Diane Foo Eu Lynn
  • 27 September 2017

Whenever you think of Mercedes Benz in Malaysia, you will think of Hap Seng Star. The company has been the leading Mercedes Benz dealer in Malaysia for 40 years. It comes as a surprise to many that the same Mercedes Benz dealer ventures into property too.

Hap Seng Land is the property branch of Hap Seng Consolidated Berhad. The main conglomerate has diversified interests in businesses such as property, car dealership, palm oil plantations in East Malaysia, credit financing, fertilizer trading and building materials.

Initially starting out its property development in East Malaysia, in recent years it has ventured into Klang Valley with a number of renowned developments. Aria Luxury Residence in KLCC and Nadi Bangsar are 2 such examples.

Apart from that, Menara Hap Seng, Menara Hap Seng 2 and Menara Citibank located in Kuala Lumpur are all proud products of Hap Seng Land.

Address: Jalan Balakong, Cheras South, 43300 Seri Kembangan, Selangor

Property Type: Service Apartment

Land Title: Commercial

No. of Storeys: 35

No of Units: 998

No of Blocks: 3

Tenure: Freehold

Sales Gallery: No. 1, Jalan Balakong, Cheras South, 43300 Seri Kembangan, Selangor

Site GPS Coordinates: N 3°1’43.846 E 101°45’20.098

Expected Date of Completion: January 2021

Built-up area: 850 – 2,048 sq ft

Facilities:

  • Leisure Pool
  • Wading Pool
  • Sandy Beach
  • Cabana
  • Hammock Garden
  • Children Fun Zone
  • Zen Garden
  • Outdoor Shower
  • Chit Chat Lounge
  • Wifi Corner
  • Jogging Track
  • Reflexology Belt
  • Meditation & Calmness Zone
  • Lazing Deck
  • Gymnasium
  • Martial Arts Room
  • Olympic Size Lap Pool
  • BBQ & Picnic Corner
  • Multi-purpose Hall
  • Changing Room
  • Steam Room
  • Surau
  • TV Room
  • Private Dining Atrium
  • Moon Light Deck
  • Badminton Courts
  • Gourmet Kitchen

Launch Price: RM482,888 – RM1,207,888

Price psf: Approximately RM 568 psf

Maintenance Fee psf: RM 0.25

Parking Bay/s per Unit: 2

Special Features:

  • Man-made beach
  • Prime Location

Project Details

Akasa, Cheras South 6

As Hap Seng Land beautifully puts it, Akasa is luxury resort living within reach. The freehold development consists of 3 towers and is expected to be completed in January 2021.

The 3 towers are namely Tower A, B and C. Tower A will be 35 storeys tall while B and C will be 29 storeys each. There will be 998 units in total separated between 614 for Tower A, 192 for Tower B and 192 for Tower C.

Akasa, Cheras South 7

Tower A will be more high density with about 22 units per floor while Tower B and C will only have 9 units per floor.

There are currently 7 different kinds of layouts to choose from ranging from 850 to 2,048 sq ft (Type A – Type G). The layouts will have a minimum of 2 bedrooms to a maximum of 4. Type A is the smallest unit with 850 sq ft suitable for 2 person while Type F will be the biggest at 2,048 sq ft suitable for a bigger family.

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Each unit comes with a balcony of its own allowing for more relaxation space. Each unit also comes with 2 car parks.

Maintenance will be charged at RM0.30 per sq ft including sinking fund.

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The launching price is set between RM482,888 to RM1,207,888. For the smallest unit of 850 sq ft, this will be approximately RM568 per sq ft. Considering a property within such close proximity to Kuala Lumpur, the price per sq ft is indeed affordable and worth it at the same time.

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Perhaps the most attractive selling point of Akasa lies in its 150,000 sq ft of facility area located on Level 7. In addition to an Olympic size swimming pool, it also boasts a staggering man-made sandy beach. Imagine a beach just like Sentosa Island in Singapore tucked right inside the vicinity of the development.

Apart from Level 7, there is another level on the rooftop which comes with a myriad of facilities such as a badminton court, chill-out lounge, private dining atrium, moonlight deck, TV room, games lounge and kids entertainment zone.

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In addition to that, the land beside Akasa will be used to build a commercial centre with shop lots and offices. Because of that, Akasa will hold commercial title. However, the developer reveals that they might change it back to the residential title in the future.

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Location

Akasa, Cheras South 1

Cheras South is located in Jalan Balakong in Seri Kembangan. A check with the developer reveals that in future Akasa will bear the address of Cheras South. Generally the township is primarily industry based. If you travel along Jalan Balakong you will notice a lot of machinery and transportation shops etched along the road.

However in recent years, the proliferation of property development sees a boost to the area, with office complexes and high-rise condominiums starting to emerge. Located exactly at the boundary of Cheras, the township has a vast population predominantly Chinese.

Akasa, Cheras South 2

Its history dates back to decades ago when it was initially made up of rubber estates and plantation sites.

Mines Resort City is one of the famous attractions locally and also internationally located within close vicinity. Apart from Mines, other shopping malls in the area include names such as AEON Jusco Cheras Selatan Balakong, Giant Balakong, Econsave Balakong and Carrefour Bandar Tun Hussein Onn.

Akasa, Cheras South 3

One of Kuala Lumpur’s luxury hotel often used for majestic events The Palace of Golden Horses is also located just a stone’s throw away. Apart from that, Selangor Turf Club is also located nearby.

Today, the booming township is the preferred location for many due to its close proximity to Kuala Lumpur City Centre. Due to its strategic location and close proximity, capital appreciation is favourable for properties in this area.

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In terms of connectivity, there are a variety of routes that one can take. It is connected to 3 major routes namely the KL-Seremban Highway, Balakong SILK Highway and Kajang SILK Highway. The Kajang SILK Highway will end at the North-South Expressway Southern route.

The nearest public transportation is the Serdang KTM. The Balakong MRT station is currently in progress.

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The township has its share too when it comes to international schools. Two prominent schools can be found in the area namely the Australian International School Malaysia and Alice Smith School.

In terms of medical facilities, the Columbia Asia Hospital was built in 2010 to address the health needs of Balakong residents.

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Analysis

Name

Land Tenure

No. of Blocks

No. of Units

Selling Price

Akasa Cheras South

Freehold

3

998

Between RM482,888 to RM1,207,888

Dream City Seri Kembangan

Leasehold

7

812

Between RM330,000 to 1,781,000

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Summary

Price affordability coupled with a 150,000 sq ft facilities area featuring a man-made beach could be the determining factor to purchase for many urbanites. Head over to the sales gallery and you will be amazed by its show units featuring stylish black window panes, which is exactly what you will get in your actual unit.

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Eric Wong

Diane Foo Eu Lynn

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