Serene Heights is an investment option, as it has potential for capital appreciation due to its location.
Continue Reading ⋅ 19 February 2022
IOI Properties Group Berhad has long been an esteemed developer in Malaysia with its history dating back to 3 decades ago. The property extension of the conglomerate IOI Group has gained a strong foothold in Malaysia since its listing on the Main Board of Malaysian Stock Exchange on 15 January 2014. It is no stranger in the arena of property development with renowned projects such as the township of Puchong, IOI Mall and the Puchong Financial Corporate Centre.
Apart from Malaysia, the Group also boasts an international presence with footprints in countries such as Singapore and China. Currently the Group has a total of 10,000 acres of landbank in Malaysia and abroad. Among the prestigious projects being undertaken in Singapore include names such Seascape, Cape Royale in Sentosa Cove and the award-winning South Beach project.
The group has received recognitions both locally and abroad by organizations and publications such as FIABCI, BCI Asia, The Edge Malaysia, Asia Pacific Property Awards, and the Building and Construction Authority (“BCA”) in Singapore.
Property Details
- QuikPro No: PL-5028
- Name: Almyra Residences
- Address: Bandar Puteri Bangi
- Developer: Knowledge Vision Sdn. Bhd. (A subsidiary of IOI Properties Group Bhd)
- Expected Completion Date: November 2017
- Type: Service Apartment
- Tenure: Freehold
- Title: Strata
- No. of Blocks: 4
- No. of Storeys: 25 – 30
- No. of Units: 669
- No. of Bedrooms: 3 – 4
- No. of Bathrooms: 2 – 3
- No. of Layouts: 3
- No. of Carparks: 2
- Land Area: 5 acres
- Built-up: 969 sq ft – 1,217 sq ft
- Maintenance Fee: RM0.30 per sq ft
- Listing Price: From RM360,800 – RM707,800
- Bumiputera Discount: 7%
Facilities
- Laundry
- Library
- Management office
- Swimming pool
- Wading pool
- Play pool
- Spa pool
- Gymnasium
- Multi-purpose hall
- Multi-purpose court
- Cabana
- Hammock
- BBQ Area
- Nursery
- Children’s playground
- 24 hours security
- CCTV monitoring
- Surau
- Kindergarten
Amenities Nearby
- Kolej Universiti Islam Antarabangsa Selangor (KUIS)
- Universiti Sains Islam Malaysia
- National University of Malaysia
- SMK Bandar Seri Putra
- SK Bandar Seri Putra
- Sekolah Kebangsaan Bandar Bukit Mahkota
- SJK(C) Yoke Min
- SK (2) Jalan Bukit
- Bangi KTM
- 7-Eleven
- 99-Speedmart
- Alamanda Shopping Centre
- Bangi Utama Shopping Complex
- Secret Recipe
- Malaysian Palm Oil Board
- Malaysia Nuclear Agency
- Sony
- Hitachi
- Denso
- Sapura
- Tesco
- Bangi Gateway
- Nilai 3 Wholesale Centre
- An-Nur Specialist Hospital
- KPJ Kajang Specialist Hospital
- Nilai Medical Centre
- KLIA
- KLIA 2
- Sepang International F1 Circuit
- Sepang Gold Coast
- Putrajaya
- Cyberjaya
- Hospital Serdang
- UNITEN
- UKM Bangi
- Danau Golf Club
Project Details
Almyra Residences is a high-rise, low density service apartment located in the heart of Bandar Puteri Bangi. The beautifully crafted residence can be likened to the metamorphosis of butterflies, patiently morphing in a cocoon waiting to emerge as a ravishing being of nature. As the developer beautifully puts it, Almyra Residences is set to revolutionise the way we live, work and play.
The low density development consists of only 669 units with a freehold tenure. As it is with most service apartments, Almyra Residences carries a strata title. The development consists of 4 blocks with different heights housing the 669 units. The varying heights of the towers are somewhere around 25 to 30 storeys with a total of between 7 to 8 units per floor.
As mentioned by the developer, there will be ample space allocated between the distances of each unit, giving it an exclusive, private setting. Almyra consists of 3 different layouts with the smallest starting from 969 sq ft, bearing 3 bedrooms and 2 bathrooms. The middle layout stands at 1,055 sq ft, comprising a total of 3 bedrooms and 3 bathrooms. Next comes the largest built-up of 1,217 sq ft boasting a sizable 4 bedrooms and 3 bathrooms layout.
Each unit will be allocated a total of 2 carparks and comes with 24-hour security engagements such as CCTV-monitoring and security guards patrolling. The listing price for Almyra Residences is set at RM360,800 to RM707,800. Bumiputra purchasers will enjoy a 7% discount.
Almyra Residences mirrors the concept of the Hanging Garden of Babylon by employing luxurious balconies that overlook lush landscaped gardens. The garden consists of 3 main areas namely the Cascades, Delta and Garden.
The Cascades comprises an ascending landscaped terrace, beautifully built to allow for activities such as jogging and taking a stroll down the park. The Delta on the other hand is made up of an Olympic-sized swimming pool located in the middle of the 4 towers. Accompanying facilities within the Delta area include places such as spa, sauna, wading pool, gym and BBQ pit.
The Garden is a place of relaxation with a hammock alcove, an earth pods garden, cabana, pocket lush garden and a kid’s adventurous playground designed to instil liveliness and tranquility upon residents’ souls. According to the developer, there will be a plan to build a podium courtyard too. The courtyard allows for natural sunlight to be set in, perfect for a morning walk and to rejuvenate.
The project is expected to be completed somewhere around November 2017 and has a payable maintenance fee of RM0.30 including sinking funds.
A rough calculation for the smallest unit of 969 sq ft takes the monthly payable maintenance fee at RM290.70.
Location
Bandar Puteri Bangi is a fairly new township which was announced by IOI Properties in mid-2014. The project is being undertaken by Knowledge Vision, a subsidiary of IOI Properties group. Located strategically between a few developed townships such as Kajang, Semenyih, Nilai, Bangi, Bandar Puteri Bangi belongs to the district of Kajang bearing postcode 43000.
The area surrounding the town is encircled by palm oil estates, most of which were converted to townships over the last 20 years. Bandar Puteri Bangi is one of the Bandar Puteri series of IOI Properties, with another sibling situated in Bandar Puteri Puchong.
In terms of connectivity, Bandar Puteri Bangi is well connected to a number of major routes. If you are travelling from Kuala Lumpur, one of the available routes is through the Kuala Lumpur-Seremban Highway. Travellers will exit through exit 213 Putra Mahkota to arrive at the destination. Travellers south-bound from Johor or Melaka will also be utilizing the E37 Kuala Lumpur-Seremban Highway. The township is located approximately 50km from Kuala Lumpur and takes around 30 minutes to arrive at.
Due to the township being in its infancy stage, you will notice that most of the developments are still on-going and the atmosphere is rather quiet. Apart from a few rows of commercial shop-lots, there isn’t much going on in Bandar Puteri Bangi. However, this does not pose a challenge to residents as the opposite township of Bandar Seri Putra and Bukit Mahkota, which is a stone’s throw away, provides a variety of amenities and necessities.
It is worthy to note that there are limited food options in the vicinity at the moment, and that residents may need to travel to the nearby township of Nilai or Seremban for more food options. This may however change when the township is fully up and running.
With a GDV of RM4 billion and an estimated 8 years to complete, Bandar Puteri Bangi will harbour a wealth of entertainment hubs to entertain its residents. One of its more significant developments will be the California Street, where children and teenagers can skate or cycle up and down the vibrant streets. Other iconic developments include the Tropical Street which will be shaded by umbrellas of giant rain-trees and an Art Street which will showcase work of arts and sculptures.
The township will also have an ecoOasis Parkland, which features elements of water, woodland and recreational spaces within natural terrain and palm tree forests, dedicated to preserving and introducing nature to its residents with the presence of a picturesque lake.
Analysis
| Name | Tenure | Approximate Price (per Sq Ft) | Maintenance Fee(per Sq Ft) | No. of Blocks | Total Units | Sq Ft |
| Almyra | Freehold | Starts from RM550-580 | RM0.30 |
4 |
669 | 969-1,217 |
| Apartment Putra 1 | Freehold | Starts from RM500 | RM0.25 |
4 |
505 | 1,040-1,224 |
Summary
Apartment Putra 1 is another prestigious development by Bangi Heights Development Sdn. Bhd. located in Bandar Seri Putra, a township opposite Almyra Residences. With its completion date set to be somewhere around November 2017, both developments are of similar setting. The township of Bandar Seri Putra is more developed with more commercial shop-lots compared to Bandar Puteri Bangi.
However this does not indicate that the former is better as the latter is still in its infancy stage. With upcoming developments such as Enigma and Kubika Square, Bandar Puteri Bangi is expected to boom into a flourishing township. One notable difference between the 2 developments lies in the number of units. With a difference of 164 units, it is a sizable difference in terms of density.
In terms of built-up, Apartment Putra 1 is slightly more spacious with the smallest unit standing at 1,040 sq ft. Another notable difference is the amount of maintenance fee that residents need to pay. Taking the 1,217 sq ft unit as a benchmark, residents get to save a total of RM61.15 per month.
