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Continue Reading ⋅ 30 January 2023
As the name suggests, KL Gateway Premium Residences is located at the overall mixed development known as KL Gateway. KL Gateway is marketed as a green vertical township, and being in Bangsar South, it is at the heart of a bustling area and in the triangle of Kuala Lumpur, Petaling Jaya, and Bangsar.
This mixed development comprises:
- A central park
- 2 blocks of Grade-A corporate office towers
- KL Gateway Residences
- KL Gateway Premium Residence
- KL Gateway Suites
- KL Gateway Mall
KL Gateway offers residents the conveniences of a self-integrated enclave where everything is just at their doorstep. Additionally, residents would be surrounded by the various options available in Bangsar South itself.
The luxurious KL Gateway Premium Residences features a façade of undulating balconies that maximises daylight, with views of the city. It is designed to complement the overall KL Gateway community, creating a live-work-play environment for its residents. The target market of KL Gateway Premium Residences are families, working professional, university students, and the neighbouring community.
The KL Gateway development’s architect is Ted Givens, an award-winning lead designer on projects ranging from exclusive resorts to large corporate headquarters. Ted’s work on innovative and sustainable building technology have been published in major publications including the Boston Globe, NY Times Blog, Philippine Enquirer, and EVOLO Magazine.
The entire KL Gateway integrated development has a gross development value (GDV) of RM1.6 billion.
Address: Jalan Kerinchi, 59200 Kuala Lumpur
Developer: Suez Capital Sdn Bhd
Property Type: Serviced Residence
Township Area: 7.71 acres
Land Title: Commercial
Tenure: Leasehold (until 2112)
No. of Blocks: 2
No. of Storeys: 37
Total Units: 466 (233 units per tower)
Year of Completion: 2018
Built-up Area: 1,143 sq ft – 1,449 sq ft
Facilities:
7th Floor
- Infinity pool
- Lap pool
- Wading pool
- Gardens
- Reflexology path
- Pool deck / viewing deck
- Lounge
- Changing room
- Steam and sauna
- Games room
- Function hall
- Barbeque area
7th Floor – Mezzanine
- Maintenance office
- Toilets
- Gymnasium
Launch Price: From RM1.18 million
Maintenance Fee: RM0.35 per sq ft (excluding sinking fund)
Project Details
KL Gateway Premium Residence consists of 2 towers. There is a total of 466 units, with 233 units per tower (8 units per floor). There are 3 types and the built-up range from 1,143 sq ft to 1,449 sq ft. Each unit comes with fittings such as air conditioners (living/dining room and all bedrooms except utility room), water heaters, built-in wardrobe for all bedrooms (except utility room), kitchen cabinets, kitchen appliances, and washer-cum-dryer. A main selling point is that each unit comes with a private lift lobby for privacy.
This integrated development in KL Gateway attracts both the expatriate and local groups to live and invest in. This could create a good community mix. The facilities at KL Gateway Premium Residence includes infinity pool, lap pool, pool deck, barbeque area, gymnasium, games room, and function hall, among others.
Here’s how the levels are divided:
- Level 1 to 6: Car park
- Level 7: Facilities
- Level 8 to 36: Standard units
- Level 37: Penthouse
The KL Gateway Mall offers much convenience to the residents and tenants of KL Gateway, as well as the community there. Plus, at the centre of the KL Gateway enclave is the Central Piazza, where an eco-friendly ring ties landscaped greens and modern components into one, bringing retail stores and outdoor tropical gardens together.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A |
· 116 units per block · 1,143 sq ft – 1,204 sq ft · 2+1 bedrooms · 2 bathrooms |
From RM1.18 million |
|
Type B |
· 87 units per block · 1,346 sq ft – 1,396 sq ft · 3+1 bedrooms · 3 bathrooms |
|
|
Type C |
· 29 units per block · 1,399 sq ft – 1,449 sq ft · 3+1 bedrooms · 3 bathrooms |
|
|
Penthouse |
· 1 unit |
|
Location
KL Gateway Premium Residence is accessible via the SPRINT Expressway, New Pantai Expressway (NPE), New Klang Valley Expressway (NKVE) and the Federal Highway. There’s also a covered link bridge to the KL Gateway-Universiti LRT station, and this station takes residents to KL city centre in approximately 20 minutes.
Located close to Bangsar and Petaling Jaya, the Bangsar South township is still growing as a business hub, and residential spot. This residences at KL Gateway are located close to entertainment hubs. For example, the neighbourhood mall Nexus and The Sphere Bangsar South are just about 5 minutes away, while Mid Valley Megamall is visible from KL Gateway itself and it is about 10 minutes’ drive away via the Federal Highway.
Here are the travel duration to key locations via train:
- Universiti LRT – 5 minutes
- Mid Valley – 15 minutes
- Petaling Jaya – 15 minutes
- Sunway – 15 minutes
- KLCC / KL Tower – 20 minutes
KL Gateway is located at the mouth of Bangsar South which is easily accessible, and it is surrounded by amenities such as The Sphere shopping mall, The Village’s F&B outlets, the lifestyle centre Nexus, Life Care Diagnostic Medical Centre, Cengild Medical Centre, and Sunfert International Fertility Centre.
Accessibility
- Lebuhraya Persekutuan (Federal Highway)
- New Pantai Expressway (NPE)
- Kerinchi Link
- Jalan Pantai
- Old Klang Road
- Jalan Bangsar
- Universiti LRT station
- Kerinchi LRT station
Education
- SMK Seri Pantai
- SK Methodist
- SRA Al Khawarizmi
- Kolej Bedford
- Universiti Malaya
- Kuen Cheng High School
- Methodist College Kuala Lumpur
- SK Bangsar
- SK Bukit Bandaraya
- SMK Bukit Bandaraya
- Catholic High School, Petaling Jaya
- HELP University
Recreation
- Bukit Gasing Forest Reserve
- Bangsar South Central Park
- Bangsar Sports Complex
- Taman Jaya Recreational Park
Medical Care
- Life Care Diagnostic Medical Centre
- Cengild G.I. Medical Centre (CGI)
- Yak Su Dang Chinese Medical Center
- Pantai Medical Centre
- UM Medical Centre
Shopping
- The Sphere
- Nexus Bangsar South
- KL Gateway Mall
- Mid Valley Megamall
- The Gardens
- Bangsar Village I & II
- Bangsar Shopping Centre
- Nu Sentral
Analysis
This development has been well received. For example, its first residential block was fully sold within 2 months during its launch in 2012. The second residential block was launched the following year, and it was also sold within 2 months. Units for KL Gateway Premium Residence also received good response, and its key selling points are:
- Centrally located between KL and PJ
- Minutes away from Bangsar
- Direct link bridge to Universiti LRT station
- Easy accessibility to highways
- Designed by award-winning architect, Ted Givens
- Private lift lobby
- Concierge service at main lobby
- Low density per block – 233 units per block
- 24-hour security with CCTV at car park, main lift lobby and lifts
- Intercom system to each unit
During the launch of KL Gateway Premium Residence, the developer offered discounts, a furnishing package, free legal fees and disbursement for SPA, DOMC and loan documents.
A 1,200 sq ft unit listed for sale on PropertyGuru in April 2021 is about RM1.2 million. For rent, it is about RM2,900 per month. Thus, the gross rental yield would roughly be 2.9% per annum.
Here’s a glance at some of the other residential properties in Bangsar.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
KL Gateway Premium Residence by Suez Capital Sdn Bhd |
Leasehold |
Serviced Residence |
2018 |
1,143 sq ft – 1,449 sq ft |
From RM1.18 million |
|
Andalucia at Pantai Hillpark by YTL Land & Development Bhd |
Leasehold |
Condominium |
2010 |
1,292 sq ft – 2,300 sq ft |
From RM298,000 |
|
The Park Residences by UOA Group |
Leasehold |
Condominium |
2010 |
1,260 sq ft – 2,095 sq ft |
RM629,600 |
|
South View Serviced Apartments by UOA Group |
Freehold |
Serviced Residence |
2017 |
648 – 1,119 sq ft |
From RM640,350 |
|
Nadi Bangsar by Hap Seng Land |
Freehold |
Serviced Residence |
2017 |
441 sq ft – 1,130 sq ft |
From RM595,888 |
|
Novum @ South Bangsar by Eupe Corp Bhd |
Freehold |
Serviced Residence |
2019 |
647 sq ft –1,441 sq ft
|
From RM720,000 |
|
The Estate by Bon Estates Sdn Bhd |
Freehold
|
Apartment |
2020 |
2,346 sq ft – 7,057 sq ft |
From RM1.7 million |
|
South Link Lifestyle Apartments by UOA Development |
Freehold
|
Serviced Apartment |
2021 |
450 sq ft – 1,141 sq ft |
From RM360,000 |
|
The Goodwood Residence by UOA Group |
Leasehold |
Apartment Suites |
2023 |
948 – 2,002 sq ft |
From RM700,000 |
Summary
Simply put, KL Gateway Premium Residence’s distinct features and advantages could lead to owners commanding higher rental rates and capital appreciation in years to come. It is adjacent to 2 major developments, and residents are minutes away from educational institutions, commercial hubs, healthcare centres, eateries, hotels, and more.
KL Gateway is envisioned to be a green oasis within the urban environment of Kuala Lumpur. It has been designed with public spaces and gardens; whilst the residential areas are designed around a central courtyard, with access to the retail area, clubhouses, and private gardens.
KL Gateway Premium Residence is developed by Suez Capital Sdn Bhd, an established organisation with diversified business in property development, management, and investment. Over the years, Suez Capital has developed several projects in Klang Valley, including Nadi @ TAR (commercial hub) at Jalan Tunku Abdul Rahman, Bangsar Hill Park (resort-styled development) at Lorong Maarof, Residensi Kerinchi (condo) in Bangsar, Desa Palma (campus apartment) in Nilai, semi-D in Kota Kemuning, Taman Saga (semi-d) in Klang, Taman Sentosa (another mixed development) in Klang, and others.
If you’re interested in a 1,200 sq ft unit at KL Gateway Premium Residence that’s priced at RM1.2 million, here are its estimated loan figures.
- LTV / margin of finance: 80%
- Down payment (20%): RM240,000
- Loan amount: RM960,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM4,311
- Approximate required gross annual income: RM167,000*
Calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator. Try them to estimate the figures that are right for you!
Want to find out your Debt Service Ratio (DSR)? Use the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.
*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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