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Continue Reading ⋅ 26 October 2021
Artist’s impression of VIM 3 in Bandar Menjalara
Bandar Menjalara is predominantly a commercial-driven area a short drive away from Desa ParkCity. This is about to change with the entry of the stylishly-designed and modern VIM 3, with a development function that is unlike any other in Kepong.
All units offered in this high-rise serviced apartment are small, easy-to-maintain, and well-suited for short-term stays. Set on a 0.9-acre plot of leasehold land, VIM 3 offers 2 residential blocks – the highest one stands at 23 storeys. The initial selling price of units here is RM289,800++.
About the Developer
VST Group is a Penang-headquartered, 19-year-old property development company with such prestigious projects as Mont Residence in Penang’s Tanjung Tokong, Icon Residence in Kuala Terengganu, Terengganu and Reizz Residence on Jalan Ampang, Kuala Lumpur. The developer’s upcoming project is Verdue Residence in Hulu Langat, Selangor. As a developer, the company has completed projects in Kedah, Seberang Prai, Terengganu, Pahang, Johor and Kuala Lumpur.
Since 1990, the company is an investment arm for properties and land in Penang Island, Mainland Penang in Central Province Wellesley (Seberang Perai Tengah), Perak, Selangor, Wilayah Persekutuan and Terrengganu. The group’s other businesses include infrastructure works, piling and foundation works, road and drainage construction.
Property Details
Property Name: VIM 3
Phase of Development: Phase 1
Address: Lot 44661, Jalan 5/62 A, Bandar Sri Manjalara, Mukim Batu, Wilayah Persekutuan, Kuala Lumpur
Website: http://www.vim-3.com/
Property Type: Serviced Apartment
Furnishing: Unfurnished
Land Size: 0.9 acre
Land Tenure: Leasehold
Land Title: Commercial under HDA
No. of Towers: 2
No. of Storeys:
- 18 (Block A)
- 23 (Block B)
No. of Units: 265
No. of Lifts: 3
Built up: 460 sq ft – 920 sq ft
Unit Type:
- Type A – 560 sq ft (2 bedrooms + 2 bathrooms)
- Type A1 – 920 sq ft (3 bedrooms + 2 bathrooms)
- Type A2 – 630 sq ft (2 bedrooms + 2 bathrooms)
- Type B – 810 sq ft (3 bedrooms + 2 bathrooms)
- Type B1 – 810 sq ft (3 bedrooms + 2 bathrooms)
- Type C – 460 sq ft (2 bedrooms + 1 bathroom)
- Type C1 – 470 sq ft (2 bedrooms + 1 bathroom)
- Type C2 – 480 sq ft (2 bedrooms + 1 bathroom)
Selling Price: RM 289,800 ++
Price per sq ft: RM700 psf
Maintenance Fee: 0.33 psf (inclusive of sinking fund)
Security Features: 4 tier
Target Completion Date: Q1 of 2020
Developer: VST Development Sdn. Bhd.
Website: www.vstgroup.com.my
Kuala Lumpur Office: Building VST 73, Jalan 2/90, Taman Pertama, 3 ½ Miles, Jalan Cheras, 56100 Kuala Lumpur
Contact Number: 03-9282 7177 / 019-488 0731 / 017-773 7899
Main Office: Wisma VST, No. 37, Jalan Anson, 10400 Pulau Pinang, Malaysia
Contact Number: 04-226 4087 / 016-459 8080
Email: enquiry@vstgroup.com.my
Project Details
Artist’s impression of The Lobby (Source: www.vim-3.com/gallery/)
Launched in late 2015, VIM 3 is a serviced apartment that is unlike any other in Kepong. For one, all units offered in this residential high-rise are small, easy-to-maintain, and well-suited for short-term stays. The land title is commercial under the Housing Development Act (HDA).
Artist’s impression of the bedroom (Source:www.vim-3.com/gallery/)
This means that for the first 2 years, residents have to pay approximately 15 to 25 percent more on utilities. Phase 1 comprises of Block A and Block B. Block A stands 18 storeys high while Block B is slightly higher at 23 storeys.
Artist’s impression of the living room (Source:www.vim-3.com/gallery/)
Additionally, there will also be two levels of shop lots, which translates to a total of 36 retail units on the ground floor and first floor. On top of the shop lots are 7 levels of podium parking. Nestled on the 10th floor are the facilities, which include an infinity lap pool, wading pool, children’s playground, Jacuzzi, gymnasium, games room, conference room, study area, and sky lounge. The maintenance fee, which includes the sinking fund, is RM0.33 per sq ft.
The construction site and banner of VIM 3
There are, altogether 96 units in Block A and 169 units in Block B. There are 12 units on every floor in Block A, and 13 units per floor in Block B. Offered in 2 to 3 bedroom types, all units come unfurnished. The smallest unit measures 460 sq ft and comes with 2 bedrooms and 1 bathroom. The largest unit is sized at 920 sq ft and offers 3 bedrooms and 2 bathrooms, as well as separate wet and dry kitchens. All units come with a living area that looks out onto a balcony. All units measuring 810 sq ft and above come with 2 parking spaces.
VIM 3 Bandara Menjalara – Site (Source: http://www.vstgroup.com.my/our-projects/vim-3-desa-park-north/)
The residential units starts on the 11th floor right up to the 18th floor in Block A. In the case of Block B, all residential units extends up to the 23rd floor. In Block B, there is also a sky garden facility on three designated floors. Each residential block is equipped with 3 elevators. Each residential floor come with a corridor that measures 1.5 metres wide.
THE FLOOR PLANS
*Type C – the smallest unit measuring 460 sq ft
*Type A2 – a mid-sized unit measuring at 630 sq ft
*Type A1 – the biggest unit measuring at 920 sq ft
(*All the above floor plan illustrations are courtesy of VST Development Sdn. Bhd.)
The security level of VIM 3 is 4 tiers with 24 hours CCTV surveillance and access card. The target completion date for this serviced apartment is the first quarter of 2020. The architect behind this development is YTT Architect, whose completed projects include BMW Showroom in Glenmarie, Shah Alam, City Resort Hotel in Johor Bahru, and Park View Condo Apartment in Johor Bahru.
Location
Rows of shop lots line the streets around VIM 3
Accessible via Jalan 1/62 A, VIM 3 is located a short distance away from Seri Stamford College, Plaza Menjalara in Kepong. Considered one of two campuses in the country still carrying the “Stamford” brand, Seri Stamford College is home to the Schools of Professional Studies, Undergraduate Studies, and Pre-University Studies.
Comprising of 2 blocks namely Block A, which is 23 storeys high, and Block B, which is 18 storeys high, VIM 3 is a serviced apartment nestled one junction away from Sekolah Menengah Kebangsaan Menjalara, Kuala Lumpur. Jalan 1/62 A is directly linked to Jalan 1/62 B, which is a highly-traversed road that linked to both Damansara-Puchong Highway (LDP) and Jalan Kepong.
A Dim Sum restaurant located within a short stroll from VIM 3
VIM 3 is also closely situated to a shopping mall called Kepong Village Mall, which is only a 5-minute drive away. Kepong Village Mall is a place where residents go to for groceries, gourmet delights, to catch up on the latest movies, and to work out at the mall’s fitness centre.
A neighbouring commercial and business centre is Bandar Sri Menjalara. You’ll also find the Menjalara Community Centre close by. Then, there’s also the huge self-contained township of Desa ParkCity, where you can shop at AEON store, dine and walk, jog, or cycle at the lake-fronting Central Park. Other open-park options include Menjalara Lake Garden and Metropolitan Park and Garden.
This Crab Steamboat Restaurant is located close by
Immediate residential neighbourhoods to Bandar Menjalara include Desa ParkCity, Taman Bukit Maluri, Kepong Baru, and Metro Prima, Kepong. Kepong already has 2 KTM Commuter stations – Kepong and Kepong Central. Expected to be completed by 2021 will be two proposed MRT Line 2 stations in Kepong Baru and Metro Prima.
Due to the high density of population within this community, Jalan Burung Hantu, which is linked to Jalan Taman Bukit Maluri, is constantly jam-packed during peak hours. Jalan Kepong Baru, which is connected to both Jalan 1/62B and Jalan Burung Hantu, is mostly dominated by Chinese restaurants, food stalls and fruit stalls.
You will also discover huge business hubs towards the end of Jalan Kepong Baru, from jewellery shops, to laundry services, coffee shops, and family-run bakeries, car workshops to private clinics, there isn’t much lacking in a thriving neighbourhood like Kepong Baru, which has been around since the late 1970s or early 1980s.
Plaza Menjalara, where Seri Stamford College is located, is not too far away
VIM 3 is also less than 5 minutes’ drive away from Petaling Jaya, where 1Utama Shopping Centre (home to TGV Golden Cinemas and Golden Screen Cinemas), IKEA, The Curve and eCurve are located.
To get to these places, you’ll need to go through the toll plaza and pay RM2.10 per way. However, this is one of the more popular routes to get from Bandar Menjalara to Petaling Jaya. This is why taking this route during rush hour is a bad idea. There will be long queues, plus waiting time at the toll plaza.
The alternatives include AEON Metro Prima Store on Jalan Metro Prima and Shopping Centre and AEON Taman Maluri.
Highway Connectivity:
- Damansara-Puchong Highway (LDP)
- Middle Ring Road 2 (MRR2)
- North Klang Valley Expressway (NKVE)
- Jalan Kuching
Public Transportation:
- KTM Commuter Station, Kepong and Kepong Central
- Proposed MRT2 (Kepong Baru Station)
- Proposed MRT2 (Metro Prima Station)
Nearby Facilities and Amenities:
- Menjalara Lake Garden
- Kepong Metropolitan Park
- Kepong Entrepreneurs Park
- Forest Research Institute of Malaysia (FRIM), Kepong
- ParkCity Medical Centre, Desa ParkCity
- Public Bank, Kepong
- Hong Leong Bank, Kepong
- Standard Chartered Bank, Kepong
- Alliance Bank, Kepong
- OCBC Bank, Kepong
- HSBC Bank, Kepong
- CIMB Bank, Desa Jaya, Kepong
- Bank Rakyat, Kepong
- Bank Simpanan Nasional, Kepong Baru
- KWSP Kepong, Taman Usahawan Kepong
- Wisma TNB, Kepong
- BP Healthcare Group, Taman Usahawan Kepong
- Park City Medical Centre, Desa ParkCity
- Tai Thong Odeon Restaurant, Kepong Baru
Schools:
- Sekolah Menengah Kebangsaan Menjalara
- Sekolah Kebangsaan Taman Bukit Maluri
- Sekolah Menengah Kebangsaan Kepong
- Sekolah Kebangsaan Intan Baiduri
- Sekolah Kebangsaan Kepong
- Sekolah Menengah Kebangsaan Sri Kepong
- Sekolah Menengah Kebangsaan Sinar Bintang
- Sekolah Jenis Kebangsaan © Jinjang Selatan
- Sekolah Menengah Kebangsaan Desa Mahkota
- Raja Abdullah Secondary School, Jinjang Selatan
- Mahsa Prima International College
- The International School @ ParkCity
Shopping:
- Kepong Village Mall and Tesco Hypermarket, Bandar Menjalara
- AEON Shopping Mall, Metro Prima
- AEON Metro Prima Shopping Centre, Kepong
- AEON Big, Kepong
- 99 Speed Mart, Metro Prima
Analysis
| Name of Development | Land Tenure | Property Type | No. of Levels | No. of Units | Built up | Price per sq ft |
| VIM 3, Bandar Sri Menjalara | Leasehold | Serviced Apartment | 23 | 265 | 460 sq ft – 920 sq ft | RM700 psf |
| One Central Park, Desa ParkCity | Freehold | Stratified Condominium | 45 | 359 | 1,034 sq ft – 3,153 sq ft | RM900 – RM1,000 psf |
| Dua Menjalara, Bandar Menjalara | Leasehold | Condominium | 24 | 96 | 1,358 sq ft – 10,088 sq ft | starts from RM 540 psf |
| Westside III, Desa ParkCity | Freehold | Stratified Condomium | 47 | 469 | 1,077 sq ft -1,927 sq ft | RM700 – 850 psf |
Rental Rates
The asking price for a non-furnished, 760 sq ft (2 + 2) room at Plaza Menjalara (a condominium with retail shop lots) starts from RM1,550.
Summary
VIM 3 caters well to an expanding group of entrepreneurs and business owners who are looking to take advantage of the affordable price point, potential commercial value and a home to stay in.
This serviced apartment is located in a matured commercial area that is located within minutes from an existing public transportation network, namely Kepong’s KTM Commuter Station, and upcoming MRT stations, as well as a diversity of amenities such as hypermarkets and a neighbourhood mall.
The serviced apartment’s location within 2 minutes to and from the highly busy Damansara-Puchong Highway also makes it highly accessible and well-connected to the rest of the Klang Valley. If this is a property that suits your budget and needs, don’t miss this opportunity.
