Curvo Residences is the final residential phase of the first integrated development in Setapak, SkyArena.
Continue Reading ⋅ 30 January 2023
RC Residences is located right across the much-anticipated and debated KL-Singapore High Speed Rail in Sungai Besi. This project takes over the site where Razak Mansion used to be. It was a public housing launched by the then Prime Minister, YAB Tun Abdul Razak.
RC stands for Razak City, and the development spans across 22 acres of leasehold land. RC Residences offers residents everything a city dweller values, from its proximity to 7 train stations to multiple amenities.
Also contributing to the convenient lifestyle is the inclusion of 2 storeys of retail spaces, which sits just below the residential block with a total of 121 units.
Residents can expect retail offerings such as restaurants, cafes, boutiques, beauty salons and laundry services just a few steps away. There are over 1,700 commercial parking space for visitors.
During its launch, the developer offered the following:
- Shopping malls within 7KM
- Accessible via 3 major highways
- Near 7 train stations
- Between 5 or 8 years maintenance fee waiver
- Fully furnished
- 9 smart home features
- Estimated net household income RM3,300
Conditions are attached to some of the points listed, so it’s best to check with the developer, Akisama Group.
There’s a FB page, which seems active.
Address: Lebuhraya Sungai Besi, 57100 Kuala Lumpur
Property Type: Serviced Residence
Land Title: Residential
Land Area: 22 acres
No. of Storeys: 48
No. of Blocks: 5
Total Units: 5,748 apartments & 121 shop offices
Tenure: Leasehold
Sales Gallery: RC Residences Sales Gallery, Jalan 4/108a, Salak Selatan, 57100 Kuala Lumpur
GPS: 3°108346”N 101°704538”E
Year of Completion: 2022
Built-up Area: 800 sq ft – 1,140 sq ft
Facilities:
- Swimming & wading pools
- Gymnasium
- Children’s playground
- 24 hours’ security
- Car park
Launch Price: From RM408,000
Launch Price Per Sq Ft: About RM460 psf (for the apartment)
Maintenance Fee: Between 13 or 14 sen psf
Project Details
The developer has marketed that those with an average household income of RM3,300 can one own a unit at RC Residences. In total, RC Residences has 5,748 units of serviced apartments, spread across its 48-storey towers.
The smallest built-up is 800 sq ft, while the largest is 1,140 sq ft. Each unit comes with 1 to 2 parking lots, and there are 12 to 14 units per floor.
Facilities include swimming pool, retail area, gymnasium, a wading pool, children’s playground, and 24-hour security with CCTV surveillance and patrol guards. RC Residences is easily accessible through the Sungai Besi Expressway (Besraya Highway), which links it to other major highways.
Nearby amenities include schools, LRT and KTM stations, clinics, hospitals, convenience stores, shopping malls, restaurants, and many more.
During its launch, a maintenance fee waiver was offered. Several other offers that ended on 30 November 2020, included an optional furniture package for Block C, D1 and D2, and a virtual grand draw where a car was one of the prizes.
The other offers that were accorded to buyers were zero security deposit, zero down payment, and zero payment during construction.
A fully furnished 800 sq ft unit started from RM408,000. You can also view virtual tours of Type A, Type D and the sales gallery at the development’s website.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A |
· 800 sq ft · 2 bedrooms · 2 bathrooms |
From RM408,000 |
|
Type B2 |
· 1,045 sq ft · 3 bedrooms · 3 bathrooms |
|
|
Type C |
· 1,062 sq ft · 3 bedrooms · 3 bathrooms |
|
|
Type D |
· 1,140 sq ft · 3 bedrooms · 3 bathrooms |
Location
RC Residences is situated between the Kuala Lumpur-Seremban Expressway and the Sungai Besi Expressway (Besraya Highway). This sweet spot makes it easily accessible through Sungai Besi Expressway, which links it to other major highways such as the Kuala Lumpur–Seremban Highway, East–West Link Expressway, Maju Expressway (MEX), and New Pantai Expressway (NPE).
The Kuala Lumpur–Singapore High-Speed Rail is adjacent to the development, which heightens the attractiveness of this project. Plus, the Salak Selatan LRT and Salak Selatan KTM stations are just a short walk away.
The property is near many primary and secondary schools, including SJK (C) Tai Thung, SMK Seri Tasik, SJK (C) Confucian, SK Jalan Sungei Besi 1, SMK Desa Perdana, SK Jalan Sungai Besi 2, SK Seri Tasik, SMK Taman Desa, SK Taman Desa, SK Seri Permaisuri, SK Seri Cheras, SMK Seri Permaisuri, SJK(C) Kuen Cheng 2, SM Sains Selangor and SMK Seri Mulia. These schools are within a 2km from RC Residences.
Clinics, malls, convenience stores, and a lot more, are also just around the corner. Take a look at the list below!
Residents could also get to these busy hot spots in minutes:
- 5 minutes to Bukit Bintang
- 5 minutes to Tun Razak Exchange
- 6 minutes to IKEA / Sunway Velocity
- 7 minutes to Bukit Bintang
- 9 minutes to KLCC
- 9 minutes to Mid Valley
Accessibility
- Jalan Sungai Besi
- KL-Seremban Highway
- Sungai Besi Expressway (Besraya Highway)
- East-West Link Expressway
- Maju Expressway (MEX)
- KL-SG High Speed Rail
- KL SMART Tunnel
- LRT Salak Selatan 2.1km
- LRT Chan Sow Lin 4.7km
- LRT Cheras 5.4km
- KTM Salak Selatan 3.6km
- MRT Bandar Malaysia North 3.8km
- MRT Bandar Malaysia South 4.7km
- KL Sentral
Education
- SJK (C) Confucian 150m
- SK Jln Sg. Besi 1 & 2 350m
- SJK (C) Tai Thung 350m
- HELP College of Arts & Technology 1km
- Tsun Jin High School 3km
- Kuen Cheng High School 5km
- USCI University
Medical Care
- Hospital Universiti Kebangsaan Malaysia (HUKM)
- Prince Court Medical Centre
Shopping
- AEON Taman Maluri
- VIVA Home 8km
- Sunway Velocity Mall 2km
- IKEA Cheras 4km
- MyTOWN Shopping Centre 4km
- Pavilion Kuala Lumpur 5km
- Mid Valley Megamall 7km
- Suria KLCC 7km
- The Exchange (targeted to open in 2022)
- Bandar Malaysia
Recreation
- KL Tower 3km
- Royal Selangor Golf Club
Analysis
RC Residences stands out due to its strategic location, affordable pricing and multiple amenities. The development calls the Bandar Malaysia project as its neighbour, which as a whole is expected to house around 500,000 people who will be working and staying thereafter it is completed.
Bandar Malaysia will be home to the Express Rail Link (ERL), KTM and Mass Rapid Transit (MRT) Line 2 and 3 and the existing ERL railway, which connects the KL International Airport (KLIA) and KL Sentral transportation hub.
The MRT2 project has designated two stations in Bandar Malaysia which are set to be completed by 2021, and the Setiawangsa–Pantai Expressway (SPE), which is expected to be completed by 2021.
This much-anticipated project is a long-term endeavour that is expected to be completed over 20 years. The first-phase development is expected to kick off in 2021. So, RC Residences is certainly among good company.
Here’s a quick look at residential properties in or close to Sungai Besi.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
RC Residences by Akisama Group |
Leasehold |
Apartment |
2022 |
800 sq ft – 1,140 sq ft |
From RM408,000 |
|
Freehold |
Serviced Residence |
2025 |
660 sq ft – 922 sq ft |
From RM507,800 |
|
|
Residensi Far East @ Kuchai Lama by Far East Kuchai Development |
Leasehold |
Serviced Residence |
Tower A: 2021
Tower B: 2023 |
657 sq ft – 1,107 sq ft
|
From RM459,000 |
|
Central Residence @ Sg Besi by Yuk Tung Group |
Freehold
|
Apartment |
2015 |
556 sq ft – 1,133 sq ft |
From RM376,000 |
|
Freehold |
Serviced Apartment |
2022 |
650 sq ft & 850 sq ft |
From RM368,888 |
|
|
Freehold |
Condominium |
2019 |
839 sq ft – 1,420 sq ft |
From RM580,000 |
|
|
Leasehold |
Condominium |
2019 |
1,219sq ft & 1,403sq ft |
From RM609,500 |
|
|
The Vyne by Gadang Holdings |
Leasehold |
Condominium |
2017 |
855 sq ft – 1,449 sq ft |
From RM420,000 |
|
Leasehold |
Condominium |
2017 |
1,044 sq ft – 1,152 sq ft |
From RM470,000 |
Summary
RC Residences is developed by Akisama Group, a Kuala Lumpur-based property development group of companies that was established in 1979.
Some of the projects they have completed are One Residences at Chan Sow Lin, KL Continental Heights Condominium at Kuchai Lama, Nagamas Villas at Taman Salak Selatan, Dynasty Garden Condominium at Kuchai Lama, Kuchai Avenue at Kuchai Lama, Sungai Besi Business Park, Connaught Avenue at Cheras, and Parklane OUG, among others.
Here are some estimated loan figures for a RC Residences unit priced at RM410,000.
- LTV / margin of finance: 90%
- Down payment (10%): RM41,000
- Loan amount: RM369,000
- Loan term: 35 years
- Interest rate: 3.2%
- Monthly repayment: RM1,462
- Approximate required gross annual income: RM59,000*
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.
If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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