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Continue Reading ⋅ 30 January 2023
Equine Park is the first development by Global Oriental Berhad (GOB). The project is located in Bandar Putra Permai, Seri Kembangan, across 450 acres of leasehold land. It is an enclave that is surrounded by greenery and landscape, with 24-hour security. The development is also located near amenities such as shopping malls, universities, schools, banks and shops.
GOB (formerly known as Equine Capital Berhad) has a long standing history which goes back to 1994, when the company purchased 550 acres and developed it into the satellite township of Equine Park (also known as Taman Equine).
Equine Park strikes a balance between rustic quietude and urban vibrancy. That’s the allure of the place. The developer has successfully transformed Seri Kembangan from a sleepy town into a middle-class neighbourhood with its three flagship projects – Equine Park, Taman Putra Permai, and Bandar Putra Permai. However, with growth, comes heavier traffic.
Due to the population growth in the area of Seri Kembangan, the Permai Central Transport Hub (PCTH) was constructed at Bandar Putra Permai to ease the traffic flow and bring residents better access to public transport. This project was also developed by GOB and completed in 2010. The PCTH is a large project that comprises a 5-storey commercial block, 4 blocks of shop-offices and a 7-storey office tower. It is a mixed development that combining business, leisure and public transport.
Equine Park might’ve gotten its name due to the riding academy and stables called Akademi Ekuestrian DiRaja, which was established in the area soon after GOB acquired the land in 1994. In 1996, a parcel of land next to the designated plot for the stables was sold for the construction of the Alice Smith International School.
The riding academy is no longer there, and in its place is GOB’s Show Gallery in the shoplots called EQuator. For Taman Equine, its character lies in the interweaving of the old and the new, in an eclectic mix of laid-back countrified charm with urbanity.
Taman Equine has all the amenities that residents will need ─ schools, universities, childcare, enrichment classes, hospitals, F&B, leisure, sports, entertainment, and more. In short, Taman Equine is a successful, matured and self-contained township.
Address: Jalan Putra Permai 2 Off Persiaran Equine Perdana, Equine Park, 43300, Selangor
Property Type:
- High-rise
- Bungalows
- Semi-detached houses
- Shop lots
- Shop offices
Land Title: Mixed (Commercial / Residential)
Tenure: Leasehold
Sales Gallery: GOB Sales Gallery, No.5-1 Jalan Equine 10, Taman Equine, 43300 Seri Kembangan, Selangor
Project Details
The commercial and residential developments developed after Equine Park such as Pusat Bandar Putra Permai and Putra Permai, go back more than 2 decades, have today come in a full circle back to the projects in their pioneer flagship township of Equine Park.
These projects include completed commercial lots called Equine Boulevard and EQuator, and residential launches such as Galleria 1 & 2 (high-rise), Springville Residence (high-rise), Villa Heights (bungalows) and Villa Avenue (semi-d).
|
Projects |
Project Info |
Launch Price |
|
Galleria 2 |
· Serviced apartment · 240 units · 3 bedrooms · 890 sq ft · 990 sq ft · 1,190 sq ft · Completed: 2020 |
From RM415,000 |
|
Galleria |
· Serviced apartment · 744 units · Studio: 450 sq ft · 2 bedrooms: 760 sq ft · Completed: 2016 |
From RM274,100 |
|
Springville Residence |
· Leasehold · 277 units · 3 bedrooms · 1,044 sq ft · 1,053 sq ft · 1,185 sq ft · Completed: June 2015 |
From RM638,000 |
|
Villa Avenue |
· Side link semi-d · End link semi-d · 3,200 sq ft – 3,600 sq ft · 4 – 5 bedrooms · Completed: 2012 |
From RM301 psf |
|
Equine Boulevard |
· 3- & 4-storey shop lots · 3,720 sq ft · 4,680 sq ft · 11,838 sq ft · Completed: 2013 |
From RM1,358,888 |
|
Villa Heights |
· Double-storey bungalow · Double-storey link bungalow · 3,665 sq ft · 4,928 sq ft · 4,957 sq ft · Completed: 2013 (Phase 1A) & 2014 (Phase 1B) |
From RM2,227,000 |
|
EQuator |
· 2-, 3- & 5-storey shop offices · 133 units · 22’ x 65’ · 24’ x 65’ · 24’ x 70’ · 3,120 sq ft – 7,600 sq ft · Completed: 2015 |
N/A |
Location
Equine Park can be accessible through major highways and roads, namely Lebuhraya Damansara-Puchong (LDP), Maju Expressway (MEX), South Klang Valley Expressway (SKVE), North–South Expressway Central Link (ELITE), and Kajang Dispersal Link Expressway (SILK).
These highways connect Equine Park’s residents to other mature townships, such as Puchong, Bukit Jalil, Putrajaya, Cyberjaya, and Shah Alam. For example, travelling via the South Klang Valley Expressway (SKVE) and the Maju Expressway (MEX), takes motorists about 20 minutes to the Kuala Lumpur city centre, and to Putrajaya, respectively. One can also head to Bandar Mahkota Cheras, Bandar Sungai Long, Cheras Selatan and Kajang via SILK.
Additionally, there’s a KTM station (Serdang station) and bus stations just 5 minutes away from Equine Park, which makes it convenient for students living there.
An MRT station along the Sungai Buloh-Serdang-Putrajaya line is within walking distance, less than 500m away. The Sungai Buloh-Serdang-Putrajaya MRT line is set to be completed in mid-2021.
Equine Park is poised to be a thriving township in Puchong South. It is a property hotspot of the Klang Valley’s southern corridor due to its close distance to Putrajaya, Cyberjaya and Kuala Lumpur International Airport (KLIA).
Equine Park is situated at a great location as amenities are accessible easily. Just within a short distance, there are police station, clinic, General Serdang Hospital, banks, post office, kindergarten, petrol station, pasar borong, Alice Smith International School, University of Putra Malaysia (UPM), and AEON. Its good neighbours are Serdang Heights, Bukit Ikhlas, Alam Sanctuary, and D’Alpina.
Accessibility
- Lebuhraya Damansara-Puchong (LDP)
- Maju Expressway (MEX)
- South Klang Valley Expressway (SKVE)
- North–South Expressway Central Link (ELITE)
- Kajang Dispersal Link Expressway (SILK)
- ERL Putrajaya & Cyberjaya ERL station
- Sungai Buloh-Serdang-Putrajaya MRT line
Education
- Alice Smith International School
- Rafflesia International School
- Australia International School
- Nexus International School
- Tanarata International School
- Limkokwing University
- Universiti Putra Malaysia (UPM)
- Multimedia University (MMU)
- Universiti Tenaga Nasional (UNITEN)
Medical Care
- Serdang Hospital
Shopping
- Equine Boulevard
- AEON
- Giant Hypermart, Seri Kembangan
- The Atmosphere, Seri Kembangan
- Pasar Borong Selangor
- Putra Walk
- IOI Mall Puchong
- IOI Resort City Putrajaya
- Sierra Zentro (16 Sierra)
- Bukit Jalil City
- The Link 2, Bukit Jalil
Recreation
- Ayer Hitam Forest Reserve
Analysis
The average price per sq ft of Equine Park (actually, Seri Kembangan as a whole) has risen over the years. The good news is that Equine Park’s prices are still between RM400 and RM650 per sq ft, and GOB developments seem to still be priced reasonably.
Seri Kembangan comprises mostly leasehold land. The newer southwestern side of Seri Kembangan, with developments such as Equine Park, seems to be inching closer to Puchong and together with Cyberjaya, it is often dubbed the Golden Triangle of the Southern Corridor of the Klang Valley. It is a property hot spot with upside potential, and developments in Putrajaya and Cyberjaya have contributed to the growth in the south of the Klang Valley.
As development land is getting scarce and expensive in the city, developers have looked at the fringe of the city and Seri Kembangan fits the bill. The area is less than 15km from the city, and accessible via many highways. Most importantly, most of the properties there are cheaper than those in Petaling Jaya and Kuala Lumpur.
Here’s a look at properties in the Seri Kembangan area.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Leasehold |
Serviced Apartment |
2020 |
890 sq ft – 1,190 sq ft |
From RM415,000 |
|
|
Leasehold |
SoHo |
2017 |
450 sq ft |
From RM349,000 |
|
|
Leasehold |
Condominium |
2015 |
1,044 sq ft – 1,185 sq ft |
From RM638,000 |
|
|
Zeva @ Equine South by Trinity Group |
Leasehold |
Serviced Apartment |
2015 |
454 sq ft – 1,536 sq ft |
From RM330,000 |
|
LUX Service Residence by Villamas Group |
Leasehold |
Serviced Apartment |
2023 |
659 sq ft – 864 sq ft |
From RM280,00 |
|
Leasehold |
Serviced Residence |
2021
|
452 sq ft – 1,264 sq ft |
From RM260,000 |
|
|
Leasehold |
Serviced Residence
|
2021
|
823 sq ft – 2,031 sq ft
|
From RM413,100
|
|
|
Leasehold |
Condominium
|
2018 |
650 sq ft – 1,260 sq ft |
From RM357,500
|
|
|
Milenia Residenz by Alaf Cahaya Development Sdn Bhd |
Leasehold
|
Serviced Apartment
|
2019 |
823 sq ft – 1,114 sq ft |
From RM400,000 |
|
Leasehold
|
Semi-detached
|
2017 |
3,193 sq ft – 4,142 sq ft
|
From RM2,143,000 |
Summary
Seri Kembangan seems to be getting closer to Puchong, Old Klang Road, and Sri Petaling, where developments are still taking place rapidly. Compared to Puchong with its mid- and high-end property, houses in Seri Kembangan are more affordable, and it is slowly peeling away the perception of being remote from the city. The rise in demand for Seri Kembangan real estate has been gradual.
Here are some estimated loan figures for a unit at Galleria 2 priced at RM450,000.
- LTV / margin of finance: 90%
- Down payment (10%): RM45,000
- Loan amount: RM405,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM1,751
- Approximate required gross annual income: RM70,000*
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.
If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Loan Pre-Approval tool. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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