Green Residence, Cheras

  • Pavither
  • 16 March 2021

Green Residence @ Cheras 9th Mile is a freehold high-rise condominium in Taman Rasa Sayang, Batu 9 Cheras, Cheras South. It is developed by Binastra Group, a well-established developer, and was completed in 2017.

Green Residence is situated amid a green sanctuary and landscaping in Cheras, and it saw strong demand from buyers during its launch.

Green Residence is designed for families that appreciate water fun and outdoor activities. This project delivered the concept of green environment and nature to tenants.

There are leafy groves, green islands, pavilion and ponds, and water-themed playgrounds for kids – to name a few. There are 3.9 acres of green sanctuary and landscaping to depict sense of relaxation for occupants.

Additionally, Green Residence is located 110m above sea level on a vantage point. This provides residents with panoramic views of KL, Cheras, and Kajang. Each unit is built with a north-south orientation to keep the interiors cool.

With a total of 596 units available, Green Residence is developed across 9.89 acres and has a gross development value (GDV) of RM533 million.

The project is built in compliance with GBI (Green Building Index) certification requirements, and green practices were introduced to minimise the impact of a carbon footprint on the environment and promote a healthy environment.

Green Residence at a glance:

  • GBI compliant
  • 60 homes per acre of green environment
  • 9 acres of green sanctuary and landscaping
  • Layout with up to 4 bedrooms / 5 bathrooms
  • Panoramic view of KL, Cheras and Kajang
  • 110m above sea level

Green Residence is targeted at young families with children, upgraders and city dwellers.

Green Residence is situated amid a green sanctuary and landscaping in Cheras, and it saw strong demand from buyers during its launch.

Address: Taman Rasa Sayang, Batu 9 Cheras, 43200 Selangor

Developer: Pangkat Unggul Sdn Bhd (Binastra Land)

Property Type: Condominium

Land Area: 9.89 acres

Land Title: Residential

No. of Blocks: 3

No. of Storeys: 35

Total Units: 596

Tenure: Freehold

Year of Completion: 2017

Built-up Area: 1,127 sq ft – 1,557 sq ft

Facilities:

  • Jogging track
  • Landscape greens
  • Reading room
  • Sundry shop
  • Cafeteria
  • Laundry shop
  • Nursery
  • Surau
  • Children’s playground
  • Water theme park
  • Water lounge pool
  • Bubble pool
  • Swimming pool
  • Changing room
  • Gymnasium
  • Six senses path
  • Multi-purpose hall
  • Barbecue area
  • Basketball court
  • Badminton court
  • Herbs garden
  • Guardhouse
  • Management office

Launch Price: From RM710,010

Launch Price Per Sq Ft: About RM530 per sq ft

Maintenance Fee: RM0.28 per sq ft

Project Details

Green Residence comprises 3 blocks of towers, named Acasia, Banyan, and Centana. Acasia and Banyan are all located above a 4- to 6-storey parking podium. The built-up areas differ according to the layout, and the additional pocket garden that is incorporated into selected units.

Green Residence comprises 3 blocks of towers, named Acasia, Banyan, and Centana

Built-up areas range from 1,127 sq ft to 1,557 sq ft. The largest is Type B &  B1-G, which is 1,557 sq. ft, with 4 rooms, 5 bathrooms and 54 sq ft of pocket garden. The smallest is Type C, with a built-up area of 1,127 sq ft with 3 bedrooms and 2 bathrooms.

Green Residence comprises 3 blocks of towers, named Acasia, Banyan, and Centana

Units are partially furnished, with well-planned living room layouts, instant hot water systems installed in main bathrooms except for maid’s bathroom and powder room, wardrobes in master bedrooms, second bedrooms and third bedrooms, and kitchen cabinets. There will also be less window opening to the area facing to the West and East, which will minimise heat gain from the sun.

Green Residence comprises 3 blocks of towers, named Acasia, Banyan, and Centana

Green Residence is developed with a plethora of facilities for leisure, and a healthy lifestyle. The facilities located on Level 7 are changing room, gymnasium, water lounge pool, bubble pool, water theme park, children’s playground, common lobby, reading room, sundry shop, cafeteria, management office, laundry shop, nursery, surau, jogging track, landscape greens, and six senses path.

There are also several facilities on Level 6, including a multi-purpose hall, badminton courts, barbeque area, and herbs garden. The development is also surrounded by around 2.4 acres of the natural forest reserve.

Green Residence comprises 3 blocks of towers, named Acasia, Banyan, and Centana

Green Residence’s features at a glance:

  • 3 pools (lap pool, relaxation pool & bubble pool)
  • 3 courts (badminton & basketball courts)
  • 3 convenience points (cafeteria, sundry shop & nursery)
  • 5 aquatic splash
  • 2 water playground
  • 1,400m of trails (6 senses walk, bicycle path & jogging track)
  • 2 leisure zone (cafeteria & reading room)
  • 30 floral species

Unit Types

Built-Up

Launch Price

Banyan & Centana

Type A1-G

·       1,438 sq ft

·       54 sq ft pocket garden (for selected units)

·       3 bedrooms

·       1 utility room

·       4 bathrooms

 

 

 

 

 

 

 

From RM710,010

Banyan & Centana

Type B1-G

·       1,557 sq ft

·       54 sq ft pocket garden (for selected units)

·       3 bedrooms

·       1 utility room

·       5 bathrooms

Acasia

Type C

·       1,127 sq ft

·       3 bedrooms

·       2 bathrooms

Acasia

Type D1-G

·       1,213 sq ft

·       64 sq ft pocket garden (for selected units)

·       3 bedrooms

·       2 bathrooms

Acasia

Type E1-G

·       1,226 sq ft

·       102 sq ft pocket garden (for selected units)

·       3 bedrooms

·       2 bathrooms

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Location

Green Residence is located in Cheras’ urban hub. It is surrounded by amenities such as retail lots, shopping malls, public facilities, and transportation. Popular go-to shopping options close to the residential project include Cheras Sentral Mall, Cheras Leisure Mall, Giant (Taman Connaught), and AEON Cheras Selatan.

Green Residence is located in Cheras’ urban hub.

Healthcare facilities close to Green Residence are Columbia Asia Hospital, Pantai Cheras Medical Centre, and Hospital Universiti Kebangsaan Malaysia (HUKM). As for education, occupants would be a few minutes’ drive from SK Taman Cuepacs, Cempaka International School (Cheras) and UCSI.

Green Residence also enjoys easy accessibility via Cheras-Kajang Highway (Grand Saga), Jalan Cheras, Jalan Lingkaran Tengah 2, Middle Ring Road 2 (MRR2), East-West Link Expressway, Kajang Dispersal Link Expressway (SILK), and SMART tunnel.

Kuala Lumpur city centre (KLCC) is approximately a 10-minute drive from Green Residence, whilst mature townships such as Kajang and Sri Kembangan are within a 15-minute drive. Green Residence is also adjacent to Cheras Sentral, and Taman Suntex MRT stations.

Here are distances from Green Residence to several hot spots:

  • Taman Connaught – 6km
  • Giant hypermarket at Taman Connaught – 6km
  • Giant hypermarket at Batu 9 – 3km
  • Bandar Sungai Long – 9.5km
  • SILK Highway – 12.5km

Accessibility

  • Cheras-Kajang Highway (Grand Saga)
  • Jalan Lingkaran Tengah 2
  • Jalan Cheras
  • Sungai Besi Expressway (Besraya)
  • Middle Ring Road 2 (MRR2)
  • Kajang Dispersal Link Expressway (SILK)
  • East-West Link Expressway
  • Sungai Besi–Ulu Klang Elevated Expressway (SUKE)
  • KL-Seremban Expressway
  • Taman Suntex MRT station
  • Taman Connaught MRT station·         

Education

  • SK Taman Cuepacs
  • Royal Malaysia Police College
  • SRA Al Mubaraqah
  • SK Alam Damai
  • SMK Alam Damai
  • SK Desa Baiduri
  • Sekolah Islam Integrasi Tahfiz As Syakirin
  • SRJK (C) Connaught II
  • SRJK (C) Bandar Damai Perdana 2
  • UCSI University
  • Cempaka International School (Cheras)

Medical Care

  • Columbia Asia Hospital
  • Pantai Cheras Medical Centre
  • Hospital Universiti Kebangsaan

Shopping

  • Cheras Sentral Mall (formerly known as Phoenix Plaza),
  • Giant (Taman Connaught)
  • AEON Cheras Selatan
  • AEON Big Bandar Tun Hussein Onn
  • IKON @ Connaught
  • The Mines Shopping Mall

Recreation

  • Besi Forest Reserve
  • Mines Golf Course
  • Selangor Turf Club
  • Bandar Alam Damai recreational park
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Analysis

Green Residence is situated amid a green sanctuary and landscaping in Cheras, and it saw strong demand from buyers during its launch. There are large swathes of landscaping, and the developer said that the project has been designed and built for all lifestyles.

Green Residence comprises 3 blocks of towers, named Acasia, Banyan, and Centana

It also gifts occupants with treetop views of the green lung of Cheras 9th Mile and the Kuala Lumpur skyline. Besides Green Residences, Binastra also launched its CitiZen development in 2015, located off Jalan Kelang Lama.

The sale price of a 1,127 sq ft unit of Green Residence that is listed on PropertyGuru in March 2021 is from RM580,000 to RM650,000. On the other hand, rent is between RM1,500 and RM2,500 per month.

Here’s its gross rental yield:

  • Purchase price: RM600,000
  • Rent out: RM1,700 per month
  • Gross rental yield: About 4% per annum

Here’s a quick look at residential properties in Cheras.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

Green Residence @ Cheras 9th Mile by Binastra Land

Freehold

Condominium

2017

1,127 sq ft – 1,557 sq ft

From RM710,010

Damai Hillpark @ Cheras by CTM Realty Sdn Bhd

Freehold

Serviced Apartment

2015

1,020 sq ft – 1,070 sq ft

From RM455,000

Suasana Lumayan by Danau Lumayan Sdn Bhd

Leasehold

Condominium

2015

1,142 sq ft & 1,364 sq ft

From RM245,000

Imperial Residence by Beverly Group

Freehold

Condominium

2015

973 sq ft – 1,457 sq ft

From RM340,000

Shamelin Star by Landmark Zone Sdn Bhd (subsidiary оf Enrа Grоuр Bеrhаd)

Leasehold

Serviced Residence

2016

774 sq ft – 1,587 sq ft

From RM665,000

EkoCheras by Ekovest Bhd

Freehold

 

Serviced Apartment

2017

596 sq ft – 1,240 sq ft

From RM563,000

Saville@Cheras by MKH Berhad

Freehold

 

Apartment

2019

1,130 sq ft – 4,670 sq ft

From RM650,000

V Residence Suites by Sunway Property

Freehold

 

Serviced Apartment

2018

624 sq ft – 888 sq ft

 

From RM805,000

Una Serviced Apartment by Selangor Dredging Berhad

Leasehold

Serviced Apartment

2020

807 sq ft – 1,356 sq ft

 

From RM1,103,440

 

Emerald Hills by Guocoland (M) Bhd

Freehold

 

Condominium

2021

840 sq ft – 1,195 sq ft

From RM566,000

 

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Summary

Binastra was established in 1979, and its goal is to provide solutions for better living with the sole purpose of increasing residents’ quality of life. Binastra Land ventured into property development in 2015, and since then, they have completed houses, apartments, condominiums, commercial premises, and industrial spaces within the Klang Valley.

Green Residence comprises 3 blocks of towers, named Acasia, Banyan, and Centana

Other projects by them include Trion (mixed development) in KL, Sinaran (serviced residence) in Wangsa Maju, CitiZen (serviced apartment) in Old Klang Road, Cybersquare (offices) in Cyberjaya, 32 Avenue (shop office) in Bukit Serdang, The Park in Bukit Serdang, Taman Kinrara Seksyen 2 in Puchong, Green Terrain in Cheras, Seri Kayangan (town villas) in Kayu Ara Damansara, and many more.

If you’re interested in a 1,127 sq ft unit at Green Residence @ Cheras 9th Mile priced at RM600,000, here are its estimated loan figures.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM60,000
  • Loan amount: RM540,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM2,335
  • Approximate required gross annual income: RM93,500*

* 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.

Calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator. Try them to estimate the figures that are right for you!

Want to find out your DSR?

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Eric Wong

Pavither

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