Pantai Hillpark is located near the residential enclaves of Bangsar South and Bukit Pantai. This hilltop residence is considered as one of the great successes of property development in the Klang Valley.
Continue Reading ⋅ 19 February 2022
Clearwater Residence is nestled in the lush hills of Damansara Heights, which makes the development centrally situated in one of Klang Valley’s most exclusive neighbourhoods.
The developer of Clearwater Residence, Clearwater Group, described the development’s architectural style as “poetic modernism”. Poetic modernism refers to the juxtaposition of apparently unconnected materials, and thus creating a building that is modern and elegant.
Clearwater Residence provides residents with a respite from the hustle and bustle of the city while being enveloped by serenity and easy accessibility.
Damansara Heights is just minutes away from the city, and this area is much sought after by upper-class Malaysians, and expatriates. Clearwater Residence is located high up on a hill, thus providing residents with panoramic views of the KL city centre.
Located at Changkat Semantan, Clearwater Residence stands on 45,000 square feet of land. The freehold low-density Clearwater Residence was completed in 2011.
Address: Jalan Changkat Semantan, Damansara Heights, 50490 Kuala Lumpur
Developer: Clearwater Developments (a subsidiary of Clearwater Group)
Property Type: Serviced Residence
Land Area: 45,000 sq ft
Land Title: Commercial
No. of Blocks: 1
No. of Storeys: 18
Total Units: 108
Tenure: Freehold
Year of Completion: 2011
Built-up Area: 826 sq ft – 4,735 sq ft
Facilities:
- Clearwater Wellness Club with rooftop lap pool
- Gymnasium
- Spa and detox room
- Concept restaurant
Launch Price: From RM578,000
Launch Price Per Sq Ft: From RM700 per sq ft
Maintenance Fee: RM0.50 per sq ft
Awards:
- Asia Pacific Property Awards in Association with Bloomberg Television and HSBC – Highly Commended Residential High-Rise Development, Malaysia (2011) & Highly Commended Apartment, Malaysia (2011)
Project Details
Clearwater Residence is a single-block development, with 18 storeys. In total, there are 108 units, with built-ups ranging from 826 sq ft to 4,735 sq ft. The layout features 1 to 3 bedrooms.
The breakdown of unit types is as below.
- 25 one bedroom units
- 10 two bedroom units
- 42 double-volume lofts
- 20 Superpads™
- 11 penthouses with a private pool
The development offers residents boutique living, with a concierge in diverse residences, a wellness club over 3 floors including a rooftop infinity lap pool, state-of-art gymnasium, a spa and detox room, a signature Clearwater café, and a restaurant.
The Clearwater Concierge is dedicated to giving residents unlimited access to a library of top-rated service providers. There’s also the Clearwater Wellness Club, with a sprawling roof that provides both comforting pool-side and swimming shade.
As for built-in amenities in units, they include:
- Kitchen cabinets with centralised gas-piping outlets
- Wardrobe system for every bedroom
- VRV concealed air conditioning
- Standard built-in lighting throughout the unit
- Spa bathroom for the master bedroom
- Hot water system in all bathrooms and kitchen
- Centralised SMARTV cabling system in the living, family, and bedrooms
Location
The New Klang Valley Expressway (NKVE), SPRINT Expressway, and Duta-Ulu Kelang Expressway (DUKE) are all within easy reach from Clearwater Residence. Plus, the project is close to Jalan Duta and Jalan Maarof, which lead residents to the Kuala Lumpur city centre.
In most mature and affluent areas, developments are almost always within close proximity to convenience, and comprehensive amenities such as shopping complexes, banks, commercial centres, petrol stations, shop offices, restaurants, and cafes.
For example, Bangsar Shopping Centre, and Bangsar Village I & II, are about a 10-minute drive away. Even closer, is DC Mall. There is also a selection of fine dining restaurants along Jalan Dungun.
Overall, this luxury upper-class serviced residence is 15 minutes away from the Kuala Lumpur city centre, 5 minutes to Bangsar and Mont Kiara, 40 minutes to Kuala Lumpur International Airport (KLIA), and 5 minutes to KL Sentral (where residents can hop onto the KLIA express to get to KLIA in 28 minutes).
Accessibility
- SPRINT Expressway
- Jalan Maarof
- Jalan Duta
- Jalan Semantan
- New Klang Valley Expressway (NKVE)
- Duta-Ulu Kelang Expressway (DUKE)
- MRT Pusat Bandar Damansara station
- MRT Semantan Station
- KL Sentral
Education
- The University of Sheffield South East Asia Office
- HELP University
- Cyberlynx International College
- Stella Maris School Medan Damansara
- Cempaka International School
- Universiti Malaya
- SK Bukit Damansara
- SMK Bukit Bandaraya
Medical Care
- Pantai Hospital Kuala Lumpur
- KPJ Damansara Specialist Hospital
- Global Doctors Hospital
- Universiti Malaya Medical Centre (UMMC)
Shopping
- Damansara City (DC) Mall
- Pavillion Damansara Heights
- Bangsar Shopping Centre
- Bangsar Village I & II
- 1 Mont Kiara
- Solaris Mont Kiara
- Publika Shopping Gallery
- The Gardens Mall / Mid Valley Megamall
- Nexus Bangsar South
Recreation
- TPC Kuala Lumpur (formerly known as Kuala Lumpur Golf & Country Club)
- Kelab Golf Perkhidmatan Awam
- National Science Centre
- Royal Selangor Club, Bukit Kiara
- Bukit Kiara Equestrian Club
- Bukit Kiara Forest Reserve
- Perdana Botanical Garden
Analysis
In 2010, Raintree Rock Sdn Bhd (a subsidiary of Adroit Innovations) acquired 6 units of Clearwater Residence from the developer for RM7.38 million. Adroit said that the acquisition is in line with the unit’s strategy to increase the investment in properties and acquire assets that generate higher returns.
Some would take that as a very positive indication of the potential of both Clearwater Residence and Damansara Heights. Property supply in the area is rather limited, while the demand has held steady. Therefore, the area is often seen as one that’s good for investment.
Available listings in www.propertyguru.com.my in April 2021 show that the asking monthly rental for 826 ft units is about RM3,700, while sale prices are from RM908,000 to RM1,050,000. Thus, the gross rental yield for a unit purchased at RM950,000 would be about 4.67% per annum.
Here’s a quick look at residential properties in Damansara Heights.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Clearwater Residence by Clearwater Group |
Freehold |
Serviced Residence |
2011 |
826 sq ft – 4,735 sq ft |
From RM578,000 |
|
Idamansara by E&O Property Development |
Freehold |
Semi-detached residences |
2007 |
4,400 sq ft – 5,130 sq ft |
RM2,600,000 – RM4,100,000 |
|
Beringin Residence |
Freehold |
Townhouses, Semi-D & Bungalow |
2009 |
3,200 sq ft – 3,500 sq ft |
N/A |
|
Twins @ Damansara Heights by Panareno Sdn Bhd |
Freehold |
Condominium |
2010 |
Standard: 766 – 2,078 sq ft Penthouse: 2,171 – 5,261 sq ft |
From RM675,000 |
|
Sunway SPK 3 Harmoni by Sunway City Bhd |
Freehold |
Townhouse |
2015 |
2,336 sq ft – 2,583 sq ft |
From RM857,000 |
|
DC Residensi by GuocoLand Bhd |
Freehold |
Condominium |
2017 |
904 sq ft – 2,982 sq ft |
RM1,269,100– RM9,135,000 |
|
AIRA Residence by Selangor Properties Berhad |
Freehold |
Condominium |
2020 |
2,679 sq ft –7,730 sq ft
|
From RM9,622,500
|
|
Pavillion Damansara Heights by Pavilion Group |
Freehold |
Serviced Residence |
2022 |
614 – 1,831 sq ft |
N/A |
Summary
Clearwater Residence is a niche residential development that’s situated close to the National Palace. The nearest commercial hubs and shopping malls are in Bangsar or Mont Kiara.
Residents of Clearwater Residence enjoy the advantages of living in Damansara Heights, and in a low-density residence that has a limited number of each layout type.
As for the developer, their other projects include Dream City and Blu Constellation (bungalows), both in Seri Kembangan. The group has created a portfolio of lifestyle brands beyond property development. They are also involved in education, wellness, and food and beverage.
So, if you’re interested in an 826 sq ft unit at Clearwater Residence that’s priced at RM950,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM95,000
- Loan amount: RM855,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM3,839
- Approximate required gross annual income: RM148,000*
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* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. The basic rule is that banks usually loan up to 30% of your gross annual income.
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