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Galleria Equine Park are mid-range serviced apartments located along Jalan Putra Permai 2, off Persiaran Equine Perdana in Equine Park, Seri Kembangan. There are 2 blocks of serviced apartments here, named Galleria and Galleria 2 respectively. The entire mixed development of Equine Park is developed by Global Oriental Berhad.
The development sits on 4 acres of hilly leasehold land. Following the success of the first phase Galleria, the developer was confident that its phase 2, Galleria 2, would be well received as well.
Galleria 2 was completed in mid-2020, while the handover of keys for Galleria was in early 2017. In December 2016, the developer rewarded Malaysia’s previous mixed doubles badminton player, Chan Peng Soon, with a 2-bedroom unit in Galleria 1 for winning the silver medal at the 2016 Rio Olympics.
The developer highlighted that Galleria’s location, accessibility, affordable pricing, and amenities nearby, are the main reasons that buyers were attracted to the project. Overall, the group has been focusing in various residential and commercial properties throughout the years.
Address: Off Persiaran Equine Perdana, Equine Park, 43300 Selangor
Developer: Kelab Taman Equine (M) Sdn Bhd (a wholly-owned subsidiary of Global Oriental Berhad ─ formerly known as Equine Capital Berhad)
Property Type: Serviced Apartment
Land Area: 4 acres
No. of Blocks: 2 (Galleria & Galleria 2)
Total Units: 744
- Galleria: 504
- Galleria 2: 240
Tenure: Leasehold
Year of Completion:
- Galleria: 2016
- Galleria 2: 2020
Built-up Area:
- Galleria: 450 sq ft & 760 sq ft
- Galleria 2: 890 sq ft – 1,190 sq ft
Launch Price:
- Galleria: From RM274,100
- Galleria 2: From RM415,000
Launch Price Per Sq Ft:
- Galleria: About RM530 per sq ft
- Galleria 2: About RM438 per sq ft
Maintenance Fee:
- Galleria: RM0.25 per sq ft
Project Details
Galleria Equine Park comprises 2 blocks of serviced apartments, with a total of 744 units. They stand at 18 storeys high, and there are 2 storeys of shop lots. Galleria has 504 units, while Galleria 2 is lower density, with 240 units.
Galleria has studio and 2-bedroom units, with prices that started from RM274,100, which is approximately RM530 per sq ft. Units came with built-in wardrobe, water heater, aircon, kitchen cabinets, hood, and hob. Nonetheless, the maintenance fee is priced at RM0.25 per sq ft.
On the other hand, Galleria 2 offers bigger units, with 3 bedrooms. Prices started from RM415,000, or RM438 per sq ft. Galleria 2 has a gross development value (GDV) of RM167 million, with 2-storey shop offices. The shop offices have an average built-up of 2,800 sq ft each, and the total net lettable area is 25,200 sq ft.
The developer had previously shared that the selling prices for Galleria were higher because the units were partially furnished. They wanted to make Galleria 2 more affordable, and therefore the units were not furnished.
Facilities at Galleria and Galleria 2 are similar, and it’s listed below. Units come with 2 parking lots. The developer opines that since Galleria is built on a hilltop, it would be hard to miss, and thus become a landmark.
|
Project |
Types |
Launch Price |
|
Galleria |
· 504 units · Completed: 2016
Type A · 760 sq ft · 2 bedrooms · 2 bathrooms · Yard
Type B · 450 sq ft · Studio · 1 bathroom · Yard
Facilities: · Swimming pool · Children’s pool · Basketball half court · Gymnasium · Barbeque area · Management office · Surau · Changing rooms · Children’s play area · Multi-purpose hall |
From RM274,100 |
|
Galleria 2 |
· 240 units · Soft launch: End 2016 · Completed: 2020
Type A · 890 sq ft · 3 bedrooms · 2 bathrooms
Type B · 990 sq ft · 3 bedrooms · 2 bathrooms
Type C · 1,190 sq ft · 3 bedrooms · 2 bathrooms
Shop offices: Average built-up of 2,800 sq ft each
Facilities: · Swimming pool · Jacuzzi · Gymnasium · Surau · Changing rooms · Playground · Multi-purpose hall · Management office
|
From RM415,000 |
Location
The Maju Expressway (MEX) is close to Galleria Equine Park and thus, it connects residents from Putrajaya to Kuala Lumpur. To the south of the development is the South Klang Valley Expressway (SKVE), and to its west is the Damansara-Puchong Highway (LDP).
This accessibility puts residents about 20 minutes from the Kuala Lumpur city centre (KLCC), and Putrajaya. Additionally, the MRT station along the Sungai Buloh-Serdang-Putrajaya line is within walking distance, and the Serdang KTM station is just 5 minutes away from Equine Park.
Galleria Equine Park is also located near amenities such as shopping malls, universities, schools, banks, tyre shop, fishing shop, fresh market, pet shop, hardware stores, mini marts, and many more. Plus, there is a McDonald’s Drive-Thru and AEON Mall Taman Equine just 2 minutes away.
There are several shopping malls and markets such as Giant Hypermarket, The Atmosphere, Pasar Borong Selangor, Putra Walk, IOI Mall Puchong, IOI Resort City Putrajaya, and Sierra Zentro (16 Sierra), which are all about 15 minutes from Taman Equine.
There are also a number of schools and universities close to Galleria Equine Park, including Universiti Putra Malaysia, Multimedia University, Limkokwing University of Creative Technology, Alice Smith International School, Rafflesia International School, Tanarata International School, and Australia International School.
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
- Hospital Putrajaya
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
- Farm In The City
- Tonga de Futsal
- Ayer Hitam Forest Reserve
- Putrajaya Botanical Gardens
- Wetlands Park
Analysis
The developer was targeting owner-occupiers because of the price they were offering, which was below RM500,000. Nearby amenities and accessibility are also major pulling factors.
Galleria comprises smaller units, and thus it was targeted at young people and smaller families. The target group for Galleria 2 was slightly different from Galleria as the units are bigger, and therefore it’s ideal for small- to mid-sized families.
The development also attracted investors as the development is near several international schools and universities. Global Oriental Berhad has been cautious with its property launches and pricing in view of the market sentiment. Based on some of their surveys, they think that there’ll still be demand for properties priced under RM500,000.
The sale price of a 450 sq ft unit listed on PropertyGuru in April 2021 is from RM220,000 to RM330,000. Meanwhile, rent is between RM750 and RM1,500 per month. Based on these figures, the approximate gross rental yield is as below:
- Purchase price: RM250,000
- Rent out: RM1,000 per month
- Gross rental yield: About 8% per annum
Here’s a look at properties in the Seri Kembangan area.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Galleria 2 @ Equine Park by Global Oriental Berhad |
Leasehold |
Serviced Apartment |
2020 |
890 sq ft – 1,190 sq ft |
From RM415,000 |
|
Galleria 1 @ Equine Park by Global Oriental Berhad |
Leasehold |
Serviced Apartment |
2016 |
450 sq ft – 760 sq ft |
From RM274,100 |
|
Park Residence @ Sunway Eastwood by Sunway Property |
Leasehold
|
Semi-detached
|
2017 |
3,193 sq ft – 4,142 sq ft
|
From RM2,143,000 |
|
Sierra 6 @ Sierra 16 by IOI Properties Group |
Leasehold
|
2-storey semi-detached homes |
2018 |
From 2,798 sq ft |
From RM1,251,800 |
|
The Linq Kinrara Uptown by Gabungan AQRS Berhad |
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 |
|
Equine Residence by Beverly Group |
Leasehold |
Serviced Residence |
2021
|
452 sq ft – 1,264 sq ft |
From RM260,000 |
|
LUX Service Residence by Villamas Group |
Leasehold |
Serviced Apartment |
2023 |
659 sq ft – 864 sq ft |
From RM280,00 |
|
Zenopy Residences by LBS Bina Group |
Leasehold |
Serviced Residence
|
2021
|
823 sq ft – 2,031 sq ft
|
From RM413,100
|
Summary
Equine Park is poised to be a thriving township in Puchong South due to its close proximity to Putrajaya, Cyberjaya and Kuala Lumpur International Airport (KLIA). Galleria Equine Park is designed to be simple, efficient, and practical.
Since it is located on top of a hill, the developer has put in a lot of glass so that residents can enjoy the view.
Despite the soft market, the property value of Galleria Equine Park could hold, and possibly rise as it checks the right boxes in terms of location, accessibility, and nearby amenities.
Other projects by Global Oriental Berhad are Springville Residence at Equine Park, Da:Men (mixed development) in USJ, Palomino (double-storey homes) in Cheras, landed homes at Bandar Putra Permai, Villa Heights (bungalows) at Equine Park, and several others.
If you’re interested in a 450 sq ft unit at Galleria Equine Park that’s priced at RM250,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM25,000
- Loan amount: RM225,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM1,010
- Approximate required gross annual income: RM39,000*
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator.
Can you afford the loan for this property?
To calculate 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. DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for.
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 has a 99.9% accuracy, which helps in avoiding loan rejections.
* Assumptions: No other monthly debt obligations, and 30% of gross income spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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