KL Gateway Premium Residence, Bangsar South

  • Caitlyn
  • 3 May 2021

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.

facade

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.

lobby

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.

master01

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

living roomliving1

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

site plan

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.

unit private lobby

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

facilities

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.

type atype btype c

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

 

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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.

map

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.

master bedroom bedroom

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

gym2 gym1 gym

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
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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

pool1 pool

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.

lap pool

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

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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.

dining and living dining1 dining

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.

livingkitchen bathroom

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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Eric Wong

Caitlyn

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