• Writer
  • 5 January 2018

atlantis

Affordable homes in the city centre of a touristic town is something that is hard to come by. Atlantis Residences, the landmark development of prestige in Malacca, however, proves that such developments still exist. Strategically located within the historical city, Atlantis Residences is centrally situated within a matured neighbourhood.

Atlantis Residences is a product of Teladan Setia, a reputable developer specialising in Malacca projects with many projects under their belts. Among some of their more popular completed developments are The Tropicana Residences, Taman Saujana Heights a gated and guarded community bungalow homes and Taman Belimbing Setia.

Some of Teladan Setia’s upcoming projects include Taman Desa Bertam, Taman Bertam Putra and Taman Bertam Setia, all landed properties. The landmark development of Teladan Setia is, however, Atlantis Residences, which will be the first of its kind in Malacca.

Address: Jalan Kota Laksamana, Off Jalan Syed Abdul Aziz, 75200 Kota Laksamana, Melaka

Property Type: Serviced Apartment

Land Title: Commercial

No of Storeys: 40

No of Blocks: 4

Tenure: Leasehold

Sales Gallery:

Site GPS Coordinates: 2.194697, 102.233102

Website: http://www.teladansetia.com/project/the-atlantis-residences/

Expected Date of Completion: 2017

Total Units: 1360

Built Up area: From 689 sq ft

Facilities & Amenities:

  • Barbeque Area
  • Covered car park
  • Gymnasium room
  • Jacuzzi
  • Multi-purpose
  • hall
  • Playground
  • Sauna
  • 24 hours security
  • Swimming pool

Listing Price: From RM344,500

Price psf: From RM500 psf

Maintenance Fee psf: RM0.22 psf

Special Features:

– Within walking distance of Jonker Walk and touristic area

Project Details

Atlantis Residences is a landmark development from a reputable developer with a slew of projects under their belts. It is a leasehold project of commercial land title that is centrally located within the historical city of Malacca.

The project is one of moderate density, with a total of only 1360 units spread out over 4 towers. Each tower will stand 40 storeys tall. Located in an area of landed developments, residents are promised uncompromising views at all times. There will be a total of 7 different layouts for buyers to choose from, ranging in size between 689 sq ft and 2,110 sq ft.

The smallest unit of 689 sq ft, Type A, will be very spacious with only 1 bedroom and 1 bathroom. This home will be affordably priced from RM374,500. The next unit of larger size is Type B, which will be ideal for a small family with 2 bedrooms and 2 bathrooms housed within 1,055 sq ft. These homes are slightly pricier at RM535,850. Next in line is Type C which will be even more spacious at 1,265 sq ft. These homes will house 2+1 bedrooms and 2 bathrooms.

Atlantis 2

Type D will be one of the largest units at 1,378 sq ft. It will house 3 bedrooms and 3 bathrooms, and carry a minimum price tag of RM710,660. The crowning glory of Atlantis Residences will be its duplex penthouses. These delectable homes are sized at 2,110 sq ft overlooking the scenery of Malacca city and have a starting price of RM1.5 million.

Atlantis Residences will have a full range of facilities typical of most high-end developments. There will be a swimming pool for the adults as well as a kids pool, water play area and playground for children and toddlers. There will also be both an outdoor and indoor Jacuzzi for residents to unwind in. For health enthusiasts, there will be a gymnasium, and aside from the gymnasium, there will also be an Aqua Gym.

Taking advantage of the development’s height, there will also be a Viewing Gallery and Breeezeway where residents can enjoy the natural breezes and views from Atlantis Residences. There will also be a Garden in the Sky, a Sky Bridge and a Dance Hall for residents to take advantage of.

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Location

The success of a development depends on a lot of its location, and Atlantis Residences has the benefit of being located within one of the most prominent spots in Malacca, a UNESCO World Heritage Site. The famed Jonker Walk is reachable within a mere 5-minute drive, and a relaxing bicycle rides away.

Atlantis 1

Aside from being situated within a stone’s throw from Jonker Walk, Atlantis Residences also enjoys the benefits of being situated within a stone’s throw from other popular shopping centres of the city. Dataran Pahlawan Melaka Megamall which is connected to Hattan Square is only about 4 kilometres away. Called a megamall for good reason, Dataran Pahlawan Melaka Megamall is popular not only just among tourists but also with locals for the variety of goods and food and beverages they offer within the mall.

For everyday shopping, residents may, however, prefer to visit the local supermarket AEON Bandaraya Melaka Shopping Centre that is only about 5.5 kilometres away. A similar distance away is the local hypermarket Tesco. Many locals, however, prefer the local hypermarket brand Econsave, which has a large outlet located about 12 kilometres away from Atlantis Residences.

Being centrally located, other tourist attractions besides Jonker Walk are also within a short distance from Atlantis Residences. Some of the more popular attractions such as the Hoe See chicken rice balls, the Malacca Clock Tower and the Melaka River Cruise are only about 3 kilometres away along with numerous local museums dedicated to the past wars in Malacca.

Atlantis Residences enjoys excellent connectivity within both Malacca as well as within the central region of Peninsular Malaysia. The Malacca city is 5 minutes away, and Kuala Lumpur is approximately a 45-minute drive distance. Malacca is also the halfway point between Singapore and Kuala Lumpur, making for an excellent stopover point.

The main roads that Atlantis Residences enjoy easy access to includes the main highway Lebuh AMJ – a nickname for the highway that connects Alor Gajah to Melaka Tengah and Jasin – a highway that runs through Malacca. Through this highway, getting to the North-South Expressway (NSE) is mere minutes away. Travelling via public transportation interstate is also made convenient via interstate buses, which travellers can hop on and off at the Melaka Sentral bus terminal.

 

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Analysis

With the upcoming High-Speed Rail (HSR) connecting Kuala Lumpur to Singapore in under an hour passing through and stopping by Malacca, many new developments have been mushrooming in the historical city. Below is an overview of the prices:

Name

Land Tenure

No. of Blocks

No. of Storeys

Selling Price

The Atlantis Residences

Completion date: 2017

Leasehold

4

40 storeys

Starts from RM344,500

The Wave, Malacca

Completion date: 2017

Leasehold

2

26 storeys

Starts from RM427,250

The Dawn, Malacca Completion date: 2020

Leasehold

2

29 storeys

Starts from RM440,000

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Summary

The Atlantis Residences is a development that is highly anticipated especially in a city where luxury developments are rare and few between. The price of Atlantis Residences is more than reasonable, the units are generously spacious, and potential buyers can opt to either buy a unit as their home, a holiday home or a rental unit for side income.

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Eric Wong

Writer