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Continue Reading ⋅ 30 January 2023
G Residence is a leasehold serviced apartment located at Desa Pandan. It was launched in 2012, and completed in 2015. At G Residence, residents get to choose from a range of conveniences and recreation within the development.
Alternatively, they can choose from the selection just outside the development. Located along Jalan Desa Pandan, G Residence is just a few minutes away from Kuala Lumpur city centre (KLCC) and the popular embassy row.
The residence is developed by Sin Heap Lee Sdn Bhd and Tan & Tan Development Berhad, with 2 blocks of apartments with 2 floors of retail units. The facilities at G Residence include a swimming pool, kid’s playground, multi-purpose hall, garden, wading pool, and 2 car park bays.
The proximity of the project to the city centre also means that some residents get to enjoy views of the Royal Selangor Golf Club and Petronas Twin Towers.
G Residence is surrounded by similarly classy high-rises. It sits atop 26 units of shop lots (G Village), featuring popular F&B. The units were targeted towards the upper-middle-income group and were sold partially furnished during its launch. The furnishings included kitchen hoods and hobs, and Johnson Suisse sanitary ware.
The Raintree Club, the Royal Selangor Polo Club and the Kuala Lumpur Golden Triangle are located within a few minutes’ drive from G Residence.
Address: Off Jalan Desa Pandan, 55100 Kuala Lumpur
Property Type: Serviced Residence
Land Title: Commercial
No. of Blocks: 2
No. of Storeys: 23
Total Units: 474
Tenure: Leasehold
Year of Completion: 2015
Built-up Area: 1,076 sq ft – 3,315 sq ft
Facilities:
- Multi-purpose hall
- Gymnasium
- 30-metre swimming pool
- Play area
- Wading pool for kids
- Kid’s playground
- Garden
Launch Price: From RM610,000
Launch Price Per Sq Ft: From 561 psf
Maintenance Fee: 30sen psf
Project Details
Built on a 3.62-acre of leasehold land, G Residence has a gross development value (GDV) of RM430 million. The 23-storey G Residence houses 474 units, with built-ups from 1,076 sq ft to 3,315 sq ft. Block A has 295 units while Block B has 179 units.
Each standard unit comes with 3 bedrooms and 2 bathrooms. The units have been designed for efficient space usage and built for residents’ lifestyle needs. Each unit is relatively spacious, and allocated 2 car-park bays.
The units facing west will enjoy an unobstructed view of Petronas Twin Towers, and the greenery of the Royal Selangor Golf Club. Prime units overlook the KL city skyline, drawing in an impressive vista that is priceless.
Units facing the east has a mountain view/school field/Desa Pandan view, while those facing the south will have the Desa Pandan view (shoplots and another residential project besides this project).
Those facing north will have the Ampang Hilir/Royal Selangor Polo Club view.
There are also 26 lots of commercial units, which provides 60,000 sq ft of leasable space, and a total of 150 parking bays at the ground and first floor.
The Raintree Club, an exclusive family club, is within walking distance. In the locality, there are various amenities such as public transport, schools and shopping malls. G Residence also offers apartment facilities including swimming pool, gymnasium, kid’s playground, and more
The development was completed in 2015, and the launch prices of units range from RM610,000 to RM2,105,000. Each unit comes with a commercial title.
During its launch, G Residence’s units come with built-in kitchen cabinet with hob and hood in the dry kitchen, an electronic storage water heater and air conditioning in the living, dining and all bedrooms.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A |
· Block A · Level 3A – 22 · 1,410 sq ft – 1,604 sq ft |
From RM610,000 |
|
Type B |
· Block A · Level 3 – 9 · 1,072 sq ft – 1,098 sq ft |
|
|
Type C |
· Block B · Level 3 – 21 · 1,539 sq ft |
|
|
Type D |
· 2,960 sq ft |
|
|
Type E |
· 3,315 sq ft |
|
Location
G Residence can be easily accessed from the Kuala Lumpur city centre (KLCC) through Jalan Ampang and Jalan Ampang Hilir. Residents can also reach the city centre via the flyover at the roundabout of Kampung Pandan. This roundabout can also take motorists to like Sg Besi or Putrajaya/Cyberjaya (via MEX).
This project is all about location, as it is just few short minutes away from Ampang Hilir, Ampang Ambassy Row, and Tun Razak Exchange (TRX). G Residence also enjoys good accessibility to key routes including Jalan Tun Razak, Jalan Ampang, Ampang-Kuala Lumpur Elevated Highway (AKLEH), Middle Ring Road 2 (MRR2),
Lebuhraya Sungai Besi (Besraya Expressway), and Maju Expressway (MEX).
There are also schools and universities in the locality, and nearby recreational options include Raintree Club, Royal Selangor Polo Club, and Taman Tasik Ampang Hilir.
G Residence is the ideal place for modern urbanites to live close a wide array of conveniences and recreation, and commute easily given its accessible location.
Accessibility
- Middle Ring Road 2 (MRR2)
- Lebuhraya Sungai Besi (Besraya Expressway)
- Ampang–Kuala Lumpur Elevated Highway (AKLEH)
- Maju Expressway (MEX)
- SMART Tunnel
- Kuala Lumpur-Seremban Expressway
- Pandan Indah MRT station
- Pandan Jaya LRT station
- Taman Maluri LRT station
Education
- SK Pandan Jaya
- SM St. Gabriel
- SMK Aminuddin Baki
- SMK Taman Maluri
- Taylor’s International School Kuala Lumpur
Medical Care
- Prince Court Medical Centre
- Gleneagles Kuala Lumpur
Shopping
- Tesco Ampang
- AEON Taman Maluri
- MyTOWN Shopping Centre
- Sunway Velocity Shop Mall
- Suria KLCC
- Pavilion Kuala Lumpur
- Great Eastern Mall
- Sungei Wang Plaza
- Berjaya Times Square
- Ampang Point
Recreation
- The Royal Selangor Golf Club
- Selangor Polo & Riding Club
- Tmn Tasik Ampang Hilir
- Raintree Club Kuala Lumpur
- The Ampwalk
Analysis
A plus point for residents is Kuala Lumpur skyline, which is visible from GC Residence. Apart from reputable developers, the property is believed to be among the most affordable for its quality.
A 1,410 sq ft unit listed for sale on PropertyGuru in January 2021 is from RM920,000 to RM1.2 million. The monthly rent for such a unit ranges from RM3,100 to RM4,000.
Therefore, the gross rental yield for a unit purchased at RM950,000, and rented out at RM3,200 would be 4.04% per annum.
Here’s a quick look at residential properties in or close to Desa Pandan.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
G Residence by Sin Heap Lee and Tan & Tan Development |
Leasehold |
Serviced Apartment |
2015 |
1,410 sq ft – 3,315 sq ft |
From RM857,000 |
|
Leasehold |
Apartment |
2019 |
900 sq ft |
RM300,000 |
|
|
Residensi Pandanmas by Faber Vista Sdn Bhd |
Leasehold |
Apartment |
2017 |
850 sq ft & 900 sq ft |
RM280,000 |
|
Sentrio Suites by Hua Yang Group |
Leasehold |
Apartment |
2017 |
570 sq ft – 1,230 sq ft |
From RM428,400 |
|
Sri Angsana Hilir by Kabra Holding |
Leasehold |
Serviced Apartment |
2013 |
1,042 sq ft – 1,266 sq ft |
From RM250,000 |
|
Mutiara Upper East by Mutiara Goodyear Development |
Leasehold |
Condominium |
2008 |
1,281 sq ft – 6,319 sq ft |
From RM1 million |
|
Desa Pandan Apartment |
Leasehold |
Apartment |
N/A |
923 sq ft |
From RM195,000 |
Summary
G Residence neighbours other residential properties such as Sentrio Suites and Desa Pandan Baiduri Block G Apartment. Current projects by Tan & Tan Development include Stonor 3 KLCC, Park Manor Sierramas at Sungai Buloh, and Sierramas Heights, while some of the future developments include double-storey terrace houses at Kundang South, and Southpoint Residence at Mid Valley City.
Here are some estimated loan figures for a unit at G Residence that is priced at RM950,000.
- LTV / margin of finance: 70%
- Down payment (30%): RM285,000
- Loan amount: RM665,000
- Loan term: 35 years
- Interest rate: 3.2%
- Monthly repayment: RM2,634
- Approximate required gross annual income: RM106,000*
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 Home Loan Pre-Approval tool. It is FREE to use and has a 99.9% accuracy, which 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. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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