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
Five Stones is a freehold development in the suburb of SS2 in Petaling Jaya. Developed by Selangor Dredging Bhd (SDB), the project is on Jalan SS2/72, next to Jasmine Towers, one of the oldest condos in the area.
SS2 is a predominantly conservative Chinese enclave, and the developer was confident in its offering that provided an alternative living environment.
The target market for Five Stones is semi-detached and bungalow owners who are looking for an alternative living space, and home upgraders.
The developer envisioned it to be a place that encourages more family time. Thus, they have included several areas to cater to the needs of different age groups in a family.
There are 5 blocks at Five Stones. The first phase was launched in 2009, and it consisted of 3 blocks. Two of these blocks are low-rise villa units, which are similar to the ones as its next-door neighbour, Ameera Residences. The first phase comprised a 38-storey block, a 4-storey block and a 15-storey block.
The other 2 blocks are the 36-storey Block E, and 25-storey Block D. The 25-storey villa block differs slightly from the first phase, as it has a lanai and a broad passage (aka breezeway), between the entrance and the living area. For that, the developer took inspiration from old traditional houses with good cross ventilation.
The entire project has 377 units. Arguably, Five Stones set a new benchmark for condominiums in Petaling Jaya.
Address: Jalan SS2/72, 46400 Petaling Jaya
Developer: SDB Properties Sdn Bhd (a Selangor Dredging Berhad company)
Property Type: Condominium
Land Title: Residential
No. of Blocks: 5
Total Units: 377
- Villa: 88 units
- Condominium: 289 units
Tenure: Freehold
Year of Completion: 2012
Built-up Area: 1,785 sq ft – 5,183 sq ft
Facilities:
- 1-acre parkland
- Clubhouse
- Gyms
- Swimming pool
- Children’s playground
- Multi-purpose hall
- Badminton courts
Launch Price (as listed in the brochure):
- Villas: From RM907,000
- Condos: From RM898,000
Maintenance Fee: RM0.25 per sq ft
Award: Pertubuhan Akitek Malaysia (PAM) Award 2014 – Winner for Best Multiple Residential (High Rise)
Project Details
Five Stones comprises 5 blocks of 3 high-rise and 2 low-rise structures, with a total of 377 units. Phase 1 (Block A, B, and C) has a gross development value (GDV) of RM185 million.
The 2 tower blocks are built on elevated ground, and strategically placed so that they do not look into other units, while the low-rise buildings are positioned to optimise privacy. In Block B and Block C, there are 4 garden units, while the penthouses are in Block A and Block C.
Units at Five Stones also have a high ceiling, which is a foot higher than conventional ones. This gives a sense of spaciousness. Additionally, most units have a long balcony, which allows natural light and ventilation.
The development comes with expansive landscaping to ensure wide open spaces for walks and gatherings. There is also a clubhouse with play-sets imported from Denmark for children, basketball and badminton courts, a swimming pool and a gym. The clubhouse also contains a function room that can accommodate up to 14 tables.
Apart from that, landscape designs at Five Stones include boulders that are specially placed for residents to rest. Living room lamps will be placed beside outdoor benches in line with the living room-in-the-open theme. Another interesting feature is the black granite “bridge” that represents a wooden bridge used by folks in the kampung to cross rivers.
The developer offered a 10/90 scheme where buyers pay 10% and the stamp duty for the loan documentation. Instalment only began 3 years later for the remaining 90%. Those who paid cash enjoyed a 3% rebate. When the project was first launched, its smallest unit was sold for about RM800,000.
|
Block |
Details |
|
Block A |
· 38 storeys · 147 units / about 4 units per floor · 3+1 or 4+1 bedrooms · Built-up: 1,785 sq ft – 2,254 sq ft · Penthouse duplex: 3,390 sq ft or 4,491 sq ft |
|
Block B & C |
· 4 storeys / 15 storeys (Block C) · 8 units / 30 units (Block C) · Built-up: 1,381 sq ft – 3,009 sq ft |
|
Block D |
· 25 storeys · 50 units / 2 units per floor · 2,909 sq ft |
|
Block E |
· 36 storeys tall · 142 units / 4 units per floor · 2,024 sq ft – 2,039 sq ft |
Location
Five Stones is located in the mature area of SS2, where it is just a quick drive from amenities such as Jaya One, Atria Shopping Gallery, 3 Damansara, eateries, banks, pharmacies, clinics, and many others. SS2 mainly consists of landed homes, and there aren’t many high-rise residential buildings in the area. So, it’s a bit different from say, Mont Kiara.
For accessibility, Five Stones is close to Damansara–Puchong Expressway (LDP), New Klang Valley Expressway (NKVE), and SPRINT Expressway. Through these popular routes, including Jalan Kemajuan, and Jalan Universiti, residents can get to various parts of Selangor with much ease. Besides that, Five Stones is also close to the Taman Bahagia LRT Station on the Kelana Jaya line.
Apart from the plethora of amenities within a 10-minute drive, Five Stones is also close to learning institutions including KDU, Olympia College, Selangor Institute of Music, PJ Speech & Dance & Drama Centre, Yamaha Music School, and a number of secondary schools.
The SStwo Mall in Petaling Jaya, which closed in 2015, has undergone a major transformation and it will be a healthcare lifestyle mall named LifeCare DK Mall. It is expected to open in mid 2021.
Some consider SS2 as undervalued when compared with Mont’Kiara, Kuala Lumpur, and Bandar Utama in Petaling Jaya. Regardless, SS2 is an established area and very central, just like Mont’Kiara.
Accessibility
- Jalan Kemajuan
- Jalan Universiti
- Lebuhraya SPRINT (SPRINT Expressway)
- Lebuhraya Damansara-Puchong (LDP)
- Lebuhraya Persekutuan (Federal Highway)
- LRT Taman Bahagia (KJ23)
- MRT Phileo Damansara (SBK12)
Education
- SK Taman Sea
- SJKC Puay Chai
- Nobel International School
- Kolej Damansara Utama (KDU)
- UNITAR International University
- Universiti Malaya
Medical Care
- LifeCare DK Mall
- Columbia Asia Hospital, Petaling Jaya
- Universiti Malaya Medical Centre
- KPJ Damansara
- Beacon Specialist Hospital
- Assunta Hospital
Shopping
- LifeCare DK Mall
- 3 Damansara
- Seventeen Mall
- Atria Shopping Centre
- Starling Mall
- Jaya Shopping Centre
- Digital Mall
- 1 Utama Shopping Centre
Recreation
- Section 19 park
- SS2 park
- Kelab Golf Perkhidmatan Awam
- TPC Kuala Lumpur (KLGCC)
- Royal Selangor Club, Bukit Kiara
- Jump Street Asia Trampoline Park
- The School, Jaya One
Analysis
With no more than 4 units per floor, residents are likely to enjoy greater peace overall. Another thing to note is that Five Stones is built to be earthquake-proof. The last 2 blocks of Five Stones were launched in the first quarter of 2010. Prices began from RM490 per sq ft, compared with RM450 per sq ft when the project was first launched.
SDB also developed Ameera Residences, which is situated next to Five Stones. During its launch in 2006, it was priced at approximately RM290 per sq ft. For those who sought something new in SS2, Five Stones was a top choice then.
Some thought that the launch price is steep, while others felt that it was justified, given the rather prime area with a freehold tenure. Back then, the conundrum for some would-be whether to live in a high-rise or buy a landed property instead.
On that same road, there is Ameera Residences, Five Stones, Ken III and Jasmine Towers. There is also double-storey housing on the other side of the road. This means residents in that area will have to go through the housing area to get to their destination if congestion builds up.
The sale price of a 2,380 sq ft unit listed on PropertyGuru in April 2021 is about RM1.88 million to RM2.1 million. Meanwhile, rent is about RM6,000 per month. Based on these figures, the gross rental yield would roughly be 3.8% per annum.
Here’s a look at residential properties Petaling Jaya
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Five Stones by SDB Properties Sdn Bhd |
Freehold |
Condominium |
2012 |
1,785 sq ft – 5,183 sq ft |
From RM898,000 |
|
Jasmine Towers by Muda Bahagia Sdn Bhd |
Freehold |
Condominium |
1994 |
1,068 sq ft – 1,408 sq ft |
N/A |
|
Ken Damansara 3 by Ken Rimba Sdn Bhd |
Freehold |
Condominium |
2008 |
1,057 sq ft – 1,200 sq ft |
RM180,000 – RM290,000 |
|
Ameera Residences by SDB Properties Sdn Bhd |
Freehold |
Condominium |
2009 |
800 sq ft – 6,160 sq ft |
RM358,000 |
|
Freehold |
Mixed Commercial & Residential |
2018 |
517 sq ft – 7,244 sq ft |
RM555,800 |
|
|
Leasehold |
Serviced Residence |
2021 |
670 sq ft – 1422 sq ft
|
From RM800 per sq ft |
|
|
Ryan & Miho by OSK Property |
Leasehold |
Serviced Apartment |
2021 |
678 sq ft – 990 sq ft |
From RM550,000 |
|
Freehold |
Serviced Apartment |
2022 |
From 922 sq ft |
From RM708,000
|
Summary
While both Ameera Residences and Five Stones are luxury developments, the main difference lies in the price and land size. Five Stones is priced higher because it has more fit-outs than Ameera Residences, and it also features more extensive landscaping.
Units at Five Stones have larger built-ups, which suits families. The target market are those who are already living in the Petaling Jaya, or specifically in a double-storey landed unit in SS2, and they wanted the security that Five Stones offer.
There is no gated and guarded projects in SS2, which made Five Stones appealing to some.
So, if you’re interested in a 2,380 sq ft unit at Five Stones that’s priced at RM1.9 million, here are its estimated loan figures.
- LTV / margin of finance: 80%
- Down payment (20%): RM380,000
- Loan amount: RM1.52 million
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM6,825
- Approximate required gross annual income: RM263,000*
Want to change the loan figures? Use these calculators:
Want to find out your Debt Service Ratio (DSR)? Use the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.
* 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.
Keep browsing Malaysia’s largest property site for more project reviews.
