Hika YouCity, Cheras

  • Pavither
  • 16 April 2018

OSK Property announced the final phase of You City Cheras, launched in Q2 2018. The current installments of You City Cheras are Phase 1 and 2, which are You Residences and You Vista respectively located in Taman Suntex Cheras. HIKA is slated to be completed somewhere is 2020. Following the success of its two predecessors, HIKA will also have a row of retail shops sitting within the development itself. A check with OSK Property’s officials revealed that in line with You Residences and You Vista, HIKA will be priced at around RM 600 to RM700 per sq ft.

Address: Taman Suntex, 43200 Cheras 9 Miles, Federal Territory of Kuala Lumpur

Property Type: Serviced Apartments

Land Title: Commercial

No of Storeys: TBA

No of Blocks: TBA

Tenure: Freehold

Sales Gallery: Pejabat Jualan & Rumah Contoh, YOU City, Lot 3009, 3010 & 3011, Jalan Kinabalu, Batu 9, 43200 Cheras, Selangor

Site GPS Coordinates: 

Expected Date of Completion: 2020

Built-up area: TBA

Facilities:

  • Swimming Pool
  • Children’s Pool
  • Roof Garden
  • Games Room
  • Reflexology Path
  • Gymnasium
  • Multipurpose Hall
  • BBQ Area
  • Squash Court
  • Green Deck
  • Reading Room
  • Sauna
  • Steam Room
  • Playground
  • Outdoor Fitness Station
  • Surau
  • Lawn
  • Changing Room
  • 24 Hour CCTV Monitoring
  • 3 Tier Security Access
  • 24 Hour Security Patrolling

Launch Price: TBA from RM 600 to RM700 per sq ft

Price psf: Approximately RM 600 to RM700 per sq ft

Maintenance Fee psf: Approximately RM 0.30

Parking Bay/s per Unit: Between 1-3 lots depending on unit

Special Features:

  • Link bridge to Taman Suntex MRT Station
  • 10 minutes to KL City Centre

Project Details

Hika 5

With its recent merger of PJ Development Holdings Berhad and OSK Property Holdings Berhad into the OSK Group in 2015, the property giant has emerged as one of the prominent players in Malaysia’s property arena. HIKA Cheras launched in 2Q 2018 and is the final addition to You City Cheras, which already has 2 successful jewels, You Residences and You Vista.

Sitting on a 20-acre freehold land, the high rise mixed development will have a GDV of RM 460 million and is expected to be completed somewhere in 2020. The development consists of serviced apartment as well as commercial stores. OSK officials have revealed that HIKA will feature a link bridge to Taman Suntex’s MRT station. This will be one of the selling points of HIKA. As it is with most developments, the presence of such link bridges allows residents to travel using public transports instead of being stuck in traffic jams.

Hika 6

The developer also reveals that HIKA will be priced somewhere along the lines of its predecessor You Residences and You Vista at an estimated price of RM 600 to RM700 per sq ft. The development will also have retail shops to cater to residents’ every need.

Prospective buyers were encouraged to take advantage of OSK Property’s 20188 Zero Entry Package. As part of its program, the developer is giving away cash rebates and lucky draws to potential buyers. There will also be home furnishing packages and referral schemes available.

Hika 7

HIKA is well suited for all walks of life. As it is with You Residences and You Vista, a variety of built-up will be suitable whether it is investors looking for smaller units, a young couple looking for a new home or an average family looking for a spacious abode.

Hika 8

In terms of reputation, prospective buyers can put your mind at ease when it comes to quality and delivery. The quality finishing of You Residences, You Vista and the overall You City is a testament to OSK Group’s reputation. Two other developments of OSK worth looking at are Ryan and Miho in PJ Section 13 and Iringan Bayu in Seremban.

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Location

Hika 1

Cheras is one of the much sought after addresses in Klang Valley due to its strategic location and close proximity to Kuala Lumpur City Centre. Located in Batu 9, Taman Suntex, HIKA is surrounded by esteemed developments such as 9ine Condo and Sering Akasia. Known for its flourishing and metropolitan status, Cheras has a population of 800,000 people at 4.5 sq ft per capita.

Hika 2

Commercially, the township is bustling with the recent introduction of shopping malls such as Sunway Velocity Mall and My Town Cheras. The recent addition of IKEA Cheras is a strong statement of its thriving state as the furniture giant decides to open 1 of its only 3 branches in the country in Cheras.

Hika 3

In terms of connectivity, Cheras is easily accessible via multiple major highways in Klang Valley. Stretching from the Royal Selangor Golf Club to the Jalan Tun Razak-Jalan Bukit Bintang intersection, highways such as Duta Ulu Klang Expressway (DUKE), Middle Ring Road 2 (MRR2) and KL-Seremban Highway all serves as connecting points to arrive at the township.

Hika 4

The recently completed MRT makes travelling in and out of Cheras even easier. There are 7 MRT stations located in Cheras namely Taman Connaught, Sri Raya, Bukit Dukung, Bandar Tun Hussein Onn, Taman Pertama, Taman Suntex and Batu Sebelas Cheras. The closest station to HIKA development is the Taman Suntex MRT.

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Analysis

Name

Land Tenure

No. of Blocks

No. of Units

Selling Price

 

HIKA @ You City Cheras

 

Freehold

TBA

TBA

Approx. RM 600 to RM700 per sq ft

9ine Cheras

Leasehold

 1

224

From RM 545,000

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Summary

Known for its metropolitan status, Cheras properties have been always in high demand. Urbanites looking for jobs in Kuala Lumpur City Centre prefer to stay in Cheras due to its boom and close proximity to the capital centre. It is due to this fact that property prices are rising and yields good returns. Investors are constantly on the lookout for Cheras properties too due to its good rental yield. With an average price per sq ft below RM 1,000 at such close proximity to the capital centre, HIKA is definitely worth considering. 

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Eric Wong

Pavither

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