Imperial Residence, Cheras

  • Caitlyn
  • 22 February 2021

Imperial Residence is located along Jalan Mas Utama, off Cheras-Kajang Highway in Taman Rasa Sayang, Cheras. It is within one of the populated towns in the southern side of Cheras. This freehold project was developed by Beverly Heights Development Sdn Bhd, part of the Beverly Group.

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Sited on 2.4 acres, Imperial Residence is a low density development which ensures better privacy and tranquillity for its residents. Additionally, this project comes with modern facilities, and security system, which is supplemented by a strong transport system.

This development sits right opposite Green Terrain Prima Villa, which was completed in 2013. Imperial Residence was completed in 2015. Comparatively, Imperial Residence offers smaller built-ups with 3 bedrooms, and the booking fee was higher.

During Imperial Residence’s launch, booking fee was RM10,000, with free legal fees for the Sale & Purchase Agreement (SPA), and 5% discount for Bumiputera purchasers.

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Address: Jalan Mas Utama, off Cheras-Kajang Highway, Taman Sri Aman, 43200 Selangor

Property Type: Condominium

Land Title: Residential

No. of Blocks: 2

No. of Storeys: 22 / 24

Total Units: 229

Tenure: Freehold

Year of Completion: 2015

Built-up Area: 973 sq ft – 1,457 sq ft

Facilities:

  • Residents’ lounge
  • Reading alcove
  • Sky tea garden
  • Sky gymnasium
  • Sauna
  • Squash court
  • Swimming pool
  • Playground
  • Function room
  • Barbeque area

Launch Price: From RM340,000

Launch Price Per Sq Ft: About RM340 per sq ft

Maintenance Fee: RM0.20 per sq ft

Project Details

Imperial Residence consists of 2 blocks, standing at 22 storeys tall. In total, there are 229 freehold residential units. Its low density environment is the key feature of this development. The residential units have built-up sizes ranging from 973 sq ft to 1,457 sq ft.

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The development sits on approximately 2.4 acres of freehold land, and it includes 6 storeys of elevated car park floor, podium floor, and 2 residential blocks.  The residential units come semi-furnished, with wardrobe and kitchen cabinet. Each unit is provided with 1 car parking lot.

Imperial Residence features a number of regular facilities, including a swimming pool, function room, squash court, sky tea garden, sky gymnasium, playground, barbeque area, and so on. The project completed in 2015, and the initial prices of the units range from RM340,000 to RM473,000 (about RM340 per sq ft).

Units at a glance:

  • 973 sq ft – 1,457 sq ft
  • Block A: 82 units, facing north-west (KL)
  • Block B: 138 units, facing south-east (housing area) with view of KL as one walks through the corridor

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Here are the approximate sizes available:

  • 973 sq ft – 3 bedrooms, 2 bathrooms
  • 1,100 sq ft – 3 bedrooms, 2 bathrooms
  • 1,139 sq ft – 3 bedrooms, 2 bathrooms
  • 1,235 sq ft – 3 bedrooms, 2 bathrooms
  • 1,432 sq ft – 3 bedrooms, 3 bathrooms
  • 1,457 sq ft – 4 bedrooms, 2 bathrooms
  • 3,204 sq ft – 4 bedrooms, 4 bathrooms
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Location

Imperial Residence has easy connectivity to several key areas in KL and PJ. -The development is located in an established area of Cheras, with easy access to the Cheras-Kajang Highway.

Plus, residents can get to Mid Valley City via the East-West Link Expressway, and to Kuala Lumpur city centre via Jalan Cheras.

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There’s public transport like buses and taxis in the area, and then there’s the Taman Suntex MRT station, and Taman Connaught MRT station, for added convenience. Imperial Residence is minutes away from these access routes:

  • 3 minutes to Cheras-Kajang highway
  • 8 minutes to Taman Connaught and Federal highway
  • 10 minutes to Shah Alam Expressway (KESAS)
  • 13 minutes to New Pantai Expressway (NPE)

A good location usually equates to convenience, and this development is no different. It is surrounded by various amenities like restaurants, convenience stores, banks, clinics, malls, and educational institutions such as SK Batu Sembilan, Cempaka International School, SMK Bandar Tun Hussein Onn 2 and more, which are within a short drive.

For shoppers, there’s Cheras Leisure Mall, EkoCheras Mall, and Cheras Sentral Mall, among others.

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Accessibility

  • Cheras-Kajang Expressway
  • Middle Ring Road 2 (MRR2)
  • KL-Seremban Expressway
  • Shah Alam Expressway (KESAS)
  • East-West Link Expressway (SALAK)
  • Jalan Cheras
  • Taman Suntex MRT station
  • Taman Connaught MRT station 

Education

  • Cheras Cempaka International School
  • REAL Suria Campus
  • USCI University
  • Universiti Tunku Abdul Rahman

Medical Care

  • Hospital Universiti Kebangsaan Malaysia
  • Sunway Medical Centre
  • Sunway Velocity Medical Centre

Shopping

  • Cheras Leisure Mall
  • EkoCheras Mall
  • Cheras Sentral Mall
  • Giant (Batu 9)
  • IKON @ Connaught
  • AEON Cheras Selatan
  • AEON Big Bandar Tun Hussein Onn
  • Giant (Taman Connaught)

Recreation

  • Royal Selangor Golf Club
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Analysis

Imperial Residence, with its low density, could be favoured by families. However, as this development is opposite Green Terrain Prima Villa, which has 208 units. So collectively, one could say that that adds up and the area itself is no longer low density as traffic would be certainly increased.

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Advantages of living at Imperial Residence:

  • Only 229 units, quieter living within the development
  • Good location; close to many amenities
  • Availability of toll-free routes
  • Freehold
  • Quiet neighbourhood
  • MRT stations nearby

As for the negative points, there’s the bottleneck due to the single lane (one lane per way) from Cheras-Kajang Highway to this area. That single main road also serves the population in Taman Rasa Sayang, Taman Sri Aman, Taman Cheras Mas, Taman Lagenda Mas, Taman Putri Jaya, and Taman Tun Perak.

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Imperial Residence is constantly compared to Green Terrain Prima Villa, as it is located just opposite. Comparatively, Imperial Residence was priced higher than Green Terrain Prima Villa, which was approximately RM280 per sq ft, at the time when Imperial Residence (about RM340 per sq ft) was launched.

Available listings in PropertyGuru in February 2021 show that the asking monthly rental for 1,139 sq ft units are from RM1,100 to RM1,500, while purchase prices are asking from RM400,000 to RM480,000.

For units purchased at RM425,000, and rented out at RM1,300 per month, the gross rental yield would be 3.67% per annum.

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Here’s a quick look at residential properties in Cheras.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

Imperial Residence by Beverly Group

Freehold

Condominium

2015

973 sq ft – 1,457 sq ft

From RM340,000

Green Terrain Prima Villa by Binastra Group

Freehold

Condominium

2013

1,368 sq ft – 1,486 sq ft

From RM280 psf

Suasana Lumayan by Danau Lumayan Sdn Bhd

Leasehold

Condominium

2015

1,142 sq ft & 1,364 sq ft

From RM245,000

YOU Residences @ YOU City Cheras by PJD Group

Freehold

Serviced Residence

2015

553 sq ft – 1,453 sq ft

From RM412,000

Lido Residency by SCP Group

Leasehold

Condominium

2016

962 sq ft – 1,527 sq ft

From RM430,000

Green Residence @ Cheras 9th Mile by Binastra Group

Freehold

Condominium

2017

1,127 sq ft – 1,557 sq ft

From RM548 per sq ft

Emerald Residence @ Mahkota Cheras by Cheras Hong Soon Development Sdn Bhd

Freehold

Condominium

2017

1,161 sq ft – 1,316 sq ft

From RM470,000

EkoCheras by Ekovest Bhd

Freehold

 

Serviced Apartment

2017

596 sq ft – 1,240 sq ft

From RM563,000

V Residence Suites by Sunway Property

Freehold

 

Serviced Apartment

2018

624 sq ft – 888 sq ft

 

From RM805,000

Saville@Cheras by MKH Berhad

Freehold

 

Apartment

2019

1,130 sq ft – 4,670 sq ft

From RM650,000

Emerald Hills by Guocoland (M) Bhd 

Freehold

 

Condominium

2021

840 sq ft – 1,195 sq ft

From RM566,000

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Summary

Better amenities and improved accessibility via highways in Cheras South, have led to more people to put roots down in the area. The MRT line and the Kuala Lumpur Outer Ring Road (KLORR) are factors that have contributed to growth in Cheras South.

Current developments by Beverly Group include Equine Residence (serviced apartment) at Seri Kembangan, and Henna Residence (condo) at Wangsa Maju – both are scheduled for completion in 2021.

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As for completed projects, they are Marc Residence (condo) at Jalan Pinang, KL, and Lexa Residence (condo) and Fera Residence (serviced residence) at The Quartz WM in Wangsa Maju. Those who aren’t familiar or unsure of the quality of their projects should refer to their other more recent projects for assurance.

Here are estimated loan figures for a 1,139 sq ft unit at Imperial Residence purchased at RM425,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM42,500
  • Loan amount: RM382,500
  • Loan term: 35 years
  • Interest rate: 3.2%
  • Monthly repayment: RM1,515
  • Approximate required gross annual income: RM61,000*

These calculations are based on the PropertyGuru Home Loan Calculator, as well as 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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Eric Wong

Caitlyn

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