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Continue Reading ⋅ 30 January 2023
Coming up in the township of Rawang is Kundang Estates, a residential development by Gamuda Land. A leading property developer in Malaysia, among some of the other projects headed by Gamuda Land includes the mixed development of TwentyFive.7 in Kota Kemuning, HighPark Suites in Kelana Jaya, The Robertson in Kuala Lumpur, Jade Hills in Kajang, Horizon Hills in Iskandar Puteri, and Bukit Bantayan in Kota Kinabalu. And their successes are not just limited to Malaysia, but also extends overseas. In Singapore they have Gem Residences in Toa Payoh, Gamuda City in Hanoi, Celadon City in Ho Chi Minh, and 661 Chapel St in Melbourne.
Kundang Estates is another one in their list of successes, with highly desirable landed homes.
Address: Off Jalan Kundang, Tasik Puteri, 48020 Kundang, Selangor
Property Type: Terrace
Land Title: Residential
No of Storeys: 2
Total Units: N/A
Tenure: Leasehold
Sales Gallery: Kundang Estates, 48020 Rawang, Selangor
Site GPS Coordinates: 3.287463, 101.509692
Expected Date of Completion: N/A
Built-up area: From 1,733 sq ft
Facilities:
- Lakeside gardens
- Esplanade
- Dedicated bike lane
- Community farm
- Adventure parks
- Broadband ready
Launch Price: From RM566,000
Price psf: From RM326 per sq ft
Parking Bay/s per Unit: 2
Project Details
Kundang Estates is a development that is located in what is dubbed as “KL North”. The development is designed to be a boutique development, with an extremely low density of a total of only 573 landed homes housed within 9 precincts. Shared between the residents will be 4 recreational parks, encompassing 14 acres. Offering a country-side style of living, the parks are named Lakeside Gardens, Community Farm, Esplanade and Adventure Parks; and housed within these 4 parks are fun facilities that can be enjoyed by the whole family, including an open air trampoline, a zip line, and a community vegetable and herb planting area.
Those who would love to live within this wholesome community will be able to purchase terrace houses in Kundang Estates. The properties here all carry a residential land title and a leasehold tenure, where buyers can select homes with sizes starting from 1,733 sq ft and a launch price from RM566,000.
|
Anise |
|
|
|
|
Type |
Launch Price |
Built-Up |
No. of Rooms |
|
A |
N/A |
1,778 sq ft |
4+1R, 3B |
|
B |
From RM566,000 |
1,733 sq ft |
4+1R, 3B |
|
Citron |
|
|
|
|
Type |
Launch Price |
Built-Up |
No. of Rooms |
|
Corner |
N/A |
2,434 sq ft |
4+1R, 3B |
|
Intermediate |
From 782,000 |
2,338 sq ft |
4+1R, 3B |
Location
One of the biggest concerns of any property buyer purchasing a home in Rawang is its location and accessibility, as Rawang is considered to be in the outskirts of Klang Valley. Kundang Estates is however, among the few that enjoys great accessibility, with easy access to the Guthrie Corridor Expressway (GCE), North South Highway, and Kuala Lumpur-Kuala Selangor Expressway (LATAR). Due to these highways, residents will find that they are within an easy 30-minute drive from Kuala Lumpur in clear traffic.
And perhaps even more rare, Kundang Estates enjoys the benefit of being close to public transportation. The Kuang KTM Komuter is only about 4 kilometres from Kundang Estates. Making it easier for residents, the developer will provide shuttle bus services from Kundang Estates to the Kuang KTM station, as well as a bicycle sharing facility to enable residents to get to the train station without hassle.
While getting to the city is necessary for work, those who have no reason to leave the area will find that Rawang is a self-sufficient township. The township has its own major wet market in form of Kompleks Pasar Besar Bandar Rawang, as well as its own AEON shopping mall that is only about 15 minutes away from the Kundang Estates.
And for convenience, eateries, convenience stores, clinics, and petrol stations are all within the vicinity, as well as a good number of local primary and secondary schools.
Analysis
|
Project title |
Tenure |
Average Price |
|
Kundang Estates, Sungai Buloh |
Leasehold |
From RM326 per sq ft |
|
Taman Sari |
Freehold |
From RM300 per sq ft |
|
M-Residences 2 |
Freehold |
From RM307 per sq ft |
Pros
Kundang Estates is indeed one of the best property deals in Rawang, with its incredibly low density, back-to-nature lifestyle, and amazing 4 parks. Its minimum launch price of RM566,000 is more than worth the cost, especially when taking into account the easy access to the neighbourhood and the accessibility of public transportation. Buyers are also speculating that Kundang Estates may be a gem, with the Sungai Serai interchange to PLUS Rawang Selatan toll nearing completion.
Cons
Naysayers online are however saying the selling price is too expensive, considering its distance from the city, in the suburbs. Others are also concerned about how low the land is, and whether flooding will be an issue if the stormwater management is not done properly. Property representatives have however stated that Kundang Estates has flood mitigation measures.
Summary
Kundang Estates however generally very well received by the public due to its low density, back-to-nature concept, and great accessibility. Its affordable price point is also a win factor, and buyers especially like the idea of the free shuttle bus to the KTM station. This property however looks more suited for own stay as opposed to an investment property, solely due to its location in the suburbs.
Assuming you take out a RM452,800 loan (80% LTV) with an interest rate of 4.6% that is payable in 30 years to purchase an RM566,000 unit in Kundang Estates, your monthly debt instalments works out to RM2,321.
Following experts’ advice that your monthly expenses on housing should not exceed 30% of your salary, you need an income of at least RM7,737 per month to be able to afford a unit in this project.
