Units at KAIA Heights are generous in space and flexible in design. The larger floor space allows for more comfort and opportunities for residents to craft their own living atmosphere.
Continue Reading ⋅ 26 October 2021
Artist’s impression of LakePark Residence, which overlooks 23-acre lake
Offering possible views of the Petronas Twin Towers and immediately fronting Jalan Kuching, LakePark Residence is a lakefront dual tower serviced residences opposite Selayang’s Pasar Borong Kuala Lumpur. Units come in 3 bedrooms with a built-up of between 975 sq ft to 1,548 sq ft.
About the Developer
JL99 Group was founded in 1995. Since then, the company has been involved redevelopment and affordable housing schemes. Among the developer’s affordable projects include 1 Razak Mansion @ Sungai Besi and PPA1M (Perumahan Penjawat Awam 1Malaysia) @ Metropolitan Kepong. Other properties are The Reach Condomonium @ Titiwangsa.
More recently, the developer has plans to develop a 40-storey twin tower serviced apartment called Legend Heights, which will be home to 558 units, that is said to be located near the Sri Segambut Saturday night market.
Property Name: LakePark Residence
Property Type: Serviced Apartment
Furnishing: Partly-Furnished
Land Size: 5.13 acres
Land Tenure: Leasehold (expires 2108)
Land Title: Commercial
No. of Towers: 2
No. of Storeys: 40 and 42
No. of Units: 916
No. of Lifts: 6 per block
Build up: 975 sq ft – 1,548 sq ft
Unit Type:
- Type A (3 bedrooms, 2 bathrooms – 975 sq ft)
- Type B (3 bedrooms, 2 bathrooms – 1,125 sq ft)
- Type C (3 bedrooms, 1 utility room, 3 bathrooms – 1,275 sq ft)
- Type C1 (3 bedrooms, 1 utility room, 3 bathrooms – 1,265 sq ft)
- Type D (3 bedrooms, 1 utility room, 3 bathrooms – 1,548 sq ft)
- Type D1 (3 bedrooms, 1 utility room, 3 bathrooms – 1,538 sq ft)
Selling Price: RM507,000 – RM1,089,600
Maintenance Fee: RM0.25 psf
Bumi Discount: 5% + 2%
Expected Date of Completion: October 2018
Approving Authority: Dewan Bandaraya Kuala Lumpur
Developer: JL99 Development Sdn Bhd (1091566-D)
Headquarters and Sales Gallery: No. 1, Jalan 2/3A, Pusat Bandar Utara, KM12 Jalan Ipoh, Batu Caves 68100 Kuala Lumpur
GPS Coordinates: N3° 14’0.864 E101° 40’17.519” / N3° 13’44.2” E101° 39’05.1”
Contact Number: 03-6138 1899 / 03-6136 9099
Email address: enquiry@jl99group.com.my
Proposed Ground Floor Facilities:
- Tai Chi Lawn
- Flower Maze
- Swing Garden
- Lake View Lounge
- Chess Garden
Project Details
This is a 3-bedroom lakefront property located in Selayang, north of Kuala Lumpur. There will be two residential blocks adjacent to a 23-acre lake called Tasik Sri Murni.
Show unit – living area (from youtube.com by JL99 Group)
The 40- and 42-storey buildings are surrounded by 15 acres of covered land. Fifteen units occupies each floor of the buildings. Each building has 6 elevators.
Show unit – bedroom (from yourube.com by JL99 Group)
Launched in August 2016, LakePark Residences offers such facilities as a suspended-above-water fitness centre (affording 360-degree views), and an open theatre at the podium area.
There will be a six-lane entryway leading in to this property. This property sits on commercial title. There will be 916 units in total.
Point of entry to the project site
Each unit may come with 2 carparks. The 3-bedroom units come with built ups of between 975 sq ft to 1,548 sq ft. The maintenance fee is currently at RM0.25 per sq ft.
This development is estimated to be completed by October 2018.
Tasik Sri Murni (Source: Google)
Facilities that are located on the podium level include a children’s playground, games room, snooker room, ping pong room, pool side theatre, mini Futsal court, half basketball court, badminton court, 50-metre swimming pool, hammock island, children’s splash pool, wet deck, Jacuzzi and wet Reflexology, hydro gym, elevated gym, squash court, aerobics room, meditation room, and multipurpose hall.
Location
Location
Nestled next to a lake that spans 23 acres, Lakepark Residence is a lake-fronting serviced apartment located close to Pasar Borong Kuala Lumpur. Although it’s located close to Pasar Borong Kuala Lumpur, LakePark Residence falls under the jurisdiction of Selangor, not Kuala Lumpur.
Pasar Borong Kuala Lumpur
Lakepark Residence fronts Jalan 6/3a, which is adjacent Pusat Bandar Utara Selayang. Financial institutions situated close by include Hong Leong Bank Selayang, Ambank, CIMB Bank, and Public Bank.
The headquarters of JL99 Development Sdn Bhd is located at Jalan 2/3a, Pusat Bandar Utara, KM 12, Jalan Ipoh.
Jalan Kuching
The project site is accessible via Jalan Batu Caves on the way Ipoh and Rawang and the Pasar Borong Kuala Lumpur/Selayang.
As you drive along Jalan Kuching heading towards Batu Caves on the way to the gallery you will bypass several used car dealer centres.
Nearby amenities
A couple of these centres are United Car Auto City, Selayang-KL Auto City, Honda Showroom. This road is notorious for major traffic jams at all hours.
The LakePark Residence gallery is located near to Public Bank Selayang at Pusat Bandar Utara Selayang, Batu Caves, 68100 Kuala Lumpur
Head office of JL99 Group
Acessibility of Selayang
Considered a town in the district of Gombak, Selayang is located 2 kilometres away from new township Bandara Baru Selayang.
This town is located along the main route of Jalan Ipoh heading towards Rawang. This route is also linked to Jalan Kuching. It is also an optional bypass to Damansara through Kepong via Kepong-Selayang Highway. This highway will also lead to Bandar Baru Selayang while the Middle Ring Road 2 takes you to Ampang and Genting Highlands. The DUKE highway takes you to Sentul and Melawati.
Amenities
- Selayang Hospital
- Selayang Mall
- Hospital Sungai Buloh
- SMK Selayang Baru
- SK Bandar Baru Selayang
- Selayang Hot Spring
- AEON Kepong
- Columbia Asia Hospital
- UiTM Medical Facility, Selayang Campus
- Batu Caves KTM Station
- KTM Commuter, Taman Wahyu
Analysis
Price Analysis
| Name of development | Land Tenure | Property Type | No. of Levels | No. of Units | Built up size | Per sq. ft. price |
| 228 Selayang | Leasehold | Condominium | 16 | 228 | 965 sq ft – 2,575 sq ft | RM450 psf |
| Vega Suites, Selayang Star City | Leasehold | Serviced Residence | 20 | 320 | 477 sq ft – 1,280 sq ft | RM600 psf |
| Radius Residence | Leasehold | Condominium | 12 | 352 | 916 sq ft – 1,633 sq ft | RM400 psf |
| Selayang Point, Taman Selayang Jaya | Freehold | Condominium | 23 | 375 | 1,108 sq ft to 1,118 sq ft | RM450 psf |
| Symphony Heights, Selayang | Leasehold | Condominium | 29 | 232(Final Phases) | 1,144 sq ft – 1,247 sq ft | RM400 psf |
| LakePark Residences | Leasehold | Serviced Residence | 40 and 42 | 916 | 975 sq ft – 1,548 sq ft | RM580 psf |
Summary
Complementing LakePark Residence involves a massive conservation effort of the 23 acres Tasik Sri Murni. Surrounding this landscape is a bridge, viewing deck, bird island, jetty, open fitness station and boardwalk.
Compared to other developments within a close vicinity, LakePark offers units that are priced on the mid-range level. Those who love to reside near an open lake and a lake garden that is open to residents only may want to give this property a consideration.
