Lake Point Residence Condominium Block 1, Cyberjaya

  • Arianna Leo
  • 16 August 2016

Lake Point Residence nestles beside a lake in Cyberjaya

Artist’s impression of Lake Point Residence’s condominiums development (Image source: www.lakepointresidence.com.my)

 

Lake Point Residence – Luxurious Lakeside Living

Lake Point Residence’s phase 2 condominium offers between 2+1 bedroom apartment units to 4-bedroom duplexes with built-ups starting from 922 sq ft. This condominium shares a gated and guarded compound with 3-storey garden terrace homes. It is also secured by 3 layers of security, another being the outdoor perimeter fencing. The units here have a starting price of RM460,000+.

 

About the Developer

Eastern Corridor Sdn. Bhd. is a fully-owned subsidiary of YanJian Group Malaysia Sdn. Bhd. The mother company is none other than China-based construction and engineering company YanJian Group. Considered the world’s top 250 contractors, YanJian Group has been around since 1952. Year 2016 marks the 64th anniversary of this contracting company from China.

Lake Point Residence in Cyberjaya is one of YanJian Group’s maiden property development projects in Malaysia. For a comprehensive list of projects under the Group (outside of China), click here.

 

Property Details

Property Name: Lake Point Residence, Cyberjaya

Address: Persiaran Sepang, Cyber 11, 63000 Cyberjaya, Selangor

Website: www.lakepointresidence.co

Property Type: Condominium

Furnishing: Unfurnished

Land Size: 13.07 acres

Land Tenure: Freehold

Land Title: Residential

No. of Towers: 1 of 2

No. of Storeys: 30

No. of Units: 265

No. of Lifts: 4

Built up: 926 sq ft – 1,834 sq ft

Unit Type:

  • Type A/A1 – 969 sq ft
  • Type AA/AA1 – 1,141 sq ft
  • Type B/B1 – 1,087 sq ft
  • Type B2/B3 – 1,098 sq ft
  • Type BB/BB1 – 1,119 sq ft
  • Type BB2/BB3 – 1,119 sq ft
  • Type C/C1 – 926 sq ft
  • Type CC/CC1 – 1,109 sq ft
  • Type D/D1 – 1,421 sq ft + 376 sq ft
  • Type DD/DD1 – 1,421 sq ft
  • Type E/E1 – 1,389 sq ft + 224 sq ft
  • Type EE/EE1 – 1,389 sq ft
  • Type F (Duplex) – 1,668 sq ft + 489 sq ft
  • Type F1 (Duplex) – 1,668 sq ft + 499 sq ft
  • Type F1a (Duplex) – 1,690 sq ft + 503 sq ft
  • Type G (Duplex) – 1,830 sq ft + 1,054 sq ft
  • Type G1 (Duplex) – 1,830 sq ft + 490 sq ft
  • Type H (Duplex) – 1,615 sq ft + 761 sq ft
  • Type H1 (Duplex) – 1,615 sq ft + 758 sq ft
  • Type J – 968 sq ft
  • Type K – 1,054 sq ft
  • Type L – 1,210 sq ft

Selling Price: Starts from RM460,000

Price per sq ft: RM475 psf

Maintenance Fee: RM0.25 psf

Bumi Discount: 7%

Security Features: 3 tiers

Target Completion Date: October, 2017

Developer: Eastern Corridor Sdn. Bhd. (290761-T)

Address: A-1-2, Block A, Megan Avenue 1, No. 189, Jalan Tun Razak, 50400 Kuala Lumpur

Contact Number: 1-800-888-566 / 03-2181 0509 / 03-2181 7678

E-mail Address: marketing.easterncorridor@gmail.com

Sales Office GPS Coordinates: 2°55’10.4”N 101°39’32.8”E

Project Details

Entry to Lake Point Residence

Artist’s impression of the entry to Lake Point Residence (Image source: www.lakepointresidence.com.my)

Ever noticed how various properties in Cyberjaya are often associated with the word ‘Lake’, which is really a property that’s near or beside a lake. This is one of Cyberjaya’s unique appeal.

Surrounded by abundant open spaces, manicured gardens, and a well-landscaped community park with a 674-metre long jogging track, the environment at Lake Point Residence is nothing short of luxurious.

 

Lake Point Residence - Site Plan

Lake Point Residence – Site Plan

At the clubhouse is where you’ll find a multi-purpose hall, meeting room, management office pantry, convenience store, cafeteria, gymnasium, kids’ playing room, reading room, steam sauna and bath, swimming pool, wading pool, and children’s playground.

The podium houses a surau, Audio-Visual room, nursery, yoga room, golf and ping pong room, changing room, tennis court, and squash court. Located on the highest level of Block 1 is a garden.

In

Artist’s impression of interiors (Image source: www.lakepointresidence.com.my)

Offering units that not only exudes a sense of spaciousness within, but also ample breathing space throughout the entire environment in which it resides. This is because one-third of the of land of this high-rise development is greenery.

 

Arti

Artist’s impression of the Clubhouse, swimming pool and wading pool, which are nestled between Block 1 and Block 2 (Image source: www.lakepointresidence.com.my)

Lake Point Residence’s unique appeal is a laidback suburban vibe that places emphasis on lakeside living. Evoking a resort-like environment, this cohesive and carefree development is located in close proximity to the famous Cyberjaya Lake Gardens.

Future residents can engage in various recreational activities by the glistening man-made Putrajaya Lake for some fun under the sun, or just chill out at one of the park benches beside the lake.

 

Comfy lounges at the lobby

Artist’s impression of a plush Lounge Lobby

Launched in the 3rd quarter of 2016, this freehold tenured, residential titled development is gated and guarded, as well as secured by 3 tiers of security, complete with CCTV surveillance, round-the-clock patrolling and outdoor perimeter fencing.

 

Lake Point Residence - Specifications

Lake Point Residence – Specifications

 

Attractive Purchasers Package

  • Each unit comes with 2 parking bays
  • Each unit comes with 2-3 air-conditioning units
  • Free legal SPA
  • Free Loan Agreement
  • Free Stamp Duty on Loan Agreement

 

The Floor Plans

As you can see from the floor plans below, the rooms in all these unfurnished units come with porcelain or ceramic tiles and laminated timber flooring. There will be between 10-12 units on every floor. The positioning of units on every floor looks like a semi-detached layout concept.

 

z

Lake Point Residence – 926 sq ft and 1,109 sq ft

The smallest units measuring 926 sq ft occupies the 7th floor right up to the 14th floor. Units sized 1,109 sq ft, on the other hand, are located on the 16th until the 25th floors.

 

a

Lake Point Residence – 969 sq ft and 1,141 sq ft

Units sized at 969 sq ft starts from 7th floor until the 15th floor, and units measuring 1,141 sq ft occupies the 16th floor to the 25th floor.

 

b

Lake Point Residence – 1,389 sq ft and 1,421 sq ft

One of the biggest units are the 1,421 sq ft and the 1,389 sq ft units. These large units take up the highest floors of 27th to 29th.

 

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Location

Lake Point Residence, Cyberjaya - Location

Lake Point Residence, Cyberjaya – Location

Lake Point Residence is a gated and guarded development adjacent to Setia Eco Glades. As a matter of fact, if you are gaining access into this development from a southern direction heading towards Kuala Lumpur, you should be able to exit the Elite Highway come across the Setia Eco Glades development, drive through it, only to come across two high-rise developments – Lakeville Residence and Lake Point Residence, which sits opposite one another.

Gaining access to Lake Point Residence is fairly easy with extensive connections via the Maju Expressway (MEX), North–South Expressway Central Link (ELITE), Lebuhraya Damansara-Puchong (LDP), Plus Highway and South Klang Valley Expressway (SKVE). Kuala Lumpur city centre is 30 minutes away (under free flow traffic conditions) on MEX.

Technically-speaking, Cyberjaya covers a total land size of 7,000 acres. To those of you who may not already know, a certain percentage of the land in Cyberjaya are allocated for amenities and greeneries. Cyberjaya is known to be home to multiple amenities including retail boulevards, an international business hub and a host of internationally-recognised education institutions.

This place is not short of educational facilities either as there is LimKokWing University of Creative Technology, Cyberjaya University College of Medical Science, Kirkby International College, Sekolah Rendah Kebangsaan Cyberjaya, Sekolah Menengah Cyberjaya and ELC International School.

 

All roads lead to Cyberjaya

All roads lead to Cyberjaya

Located within walking distance from Lake Point Residence is SJK(C) Union, Cyberjaya, which was previously SJK(C) Union, Ulu Sepetang, Taiping. Upon completion of the school’s premises in early 2017, SJK(C) Union will emerge as Cyberjaya’s first Chinese Intelligent School (with a full suite of multimedia facilities), to meet a growing need for Chinese education in the area.

In terms of proximity to mature infrastructure and highway connectivity, Lake Front Residence is surrounded by amenities including ultra-modern commercial destinations GEM IN Mall, Shaftsbury Square, D’Pulze Shopping Mall and IOI City Mall at IOI Resort City in Putrajaya.

 

GEM IN Mall

GEM IN Mall, a cool to-go-to place in Cyberjaya

Among the biggest entertainment and leisure attractions that should be explored at IOI City Mall is Golden Screen Cinemas (GSC), District 21 and Icescape ice rink, not to mention a very big outdoor climbing wall to boot.

Home to more than 350 shops, IOI City Mall is considered to be the largest mall south of Klang Valley, from fashion, dining, health and beauty, timepieces or jewellery. IOI Mall City is the only mall in the Klang Valley that is home to anchor tenant Index Living Mall. Originally from Bangkok Thailand, it is a one-stop-shop for all your home solutions needs, with its vast inventory of well-designed home furniture and decorative items.

For those with family, the main highlight of IOI City Mall is that it is indeed a family-friendly mall. You’ll feel like a kid again in this huge but friendly mall. Among the biggest attractions of this family-friendly mall is District21, the hottest indoor theme park for adrenaline enthusiasts and adventure seekers alike.

 

IOI City Mall at IOI Resort City

IOI City Mall at IOI Resort City is a mere 10 minutes away from Lake Point Residence

Cyberjaya has an added benefit of being kind of close to Putrajaya Sentral (11 km away). This is the place where you can hop on the ERL and head straight to KLIA.

Take heed that the MRT Line from Sungai Buloh to Serdang to Putrajaya (SSP) has been given the green light from the Government on 6 October, 2015. There are two designated stops (along the route of this SSP line) in Cyberjaya namely S34 Cyberjaya Utara and S35 Pusat Bandar Cyberjaya. The SSP line is slated to be in operation by 2021.

 

Other interesting famous local eats, leisure and shopping within a 16-km radius:

  • Open round-the-clock Restaurant Maulana Banana Leaf Food at Putra Walk – “Home to authentic and tasty dishes. Just like mum’s home cooked meals,” says one local resident.
  • Soon Hing Duck-licious & Dim Sum Restaurant, Taman Equine
  • Restoran Tar Chong, Taman Equine
  • Restoran Nasi Kandar Pulau Pinang, Taman Equine
  • Restoran Kong Sai, Taman Equine
  • Restaurant Bak Kut Teh You Hou Fook (from Klang), Taman Equine
  • Giant Hypermarket, Seri Kembangan
  • AEON Taman Equine Store & Shopping Centre

 

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Analysis

Name of Development Land Tenure Approximate Price per sq ft Maintenance Fee Size of Units Selling price
LakeFront Residence, Cyberjaya Freehold RM500 psf RM0.20 psf 950 sq ft – 1,568 sq ft RM475,000 – RM784,000
Aspire Residence, Cyberjaya Freehold RM450 psf RM0.25 psf (excluding sinking fund) 900 sq ft – 1,608 sq ft Starts from RM418,500
Lake Point Residence, Cyberjaya Freehold RM450 psf RM0.25 psf 926 sq ft – 1,421 sq ft Starts from RM420,000

 

Rental Rate

The rental rate is RM3.00 per sq ft.

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Summary

The supporting entities backing any established residential community such as Cyberjaya are made up of banks, schools, petrol kiosks and not forgetting, the biggest pull factor of the place – food and beverage outlets.

Professionals who would have a higher probability of buying a property in Cyberjaya are those who work in the neighbouring Putrajaya, Puchong and Seri Kembangan.

Having said so, the purchasing power of people who’d want to buy a property in Cyberjaya is because that they are not only paying for the property, they are also paying for the kind of carefree lifestyle with ample breathing space which properties within the city or even near it cannot provide.

Just take a look at the artistic craft of marrying architecture with nature in neighbouring projects and you’ll see why. To a certain extent, Cyberjaya is still spacious enough to provide a wholesome complete lifestyle for those who are searching for it.

Look no further but to Lake Point Residence’s condominium should you be seeking to live in the outskirts of town, away from the hustle and bustle.

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Eric Wong

Arianna Leo

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