LakeFront Residence, Cyberjaya

  • Writer
  • 19 May 2016

lakefrontresidence featured picture

Artist’s illustration of LakeFront Residence (Source http://lakefront.my/)

Nestling on a 23-acre of land, LakeFront Residence is a freehold condominium project that introduces resort like ambiance to its residents. Equipped with a string of state-of-the-art facilities, LakeFront Residence is also part of the evolving LakeFront township that covers over 40 acres of land along with parks, retail outlets as well as a school.

Property Project- LakeFront Residence, Cyberjaya

Address: Persiaran Semarak Api, 63000 Cyberjaya

Property Type: Condominium

Land Title: Residential

Tenure: Freehold

Land Area: 23 acres for LakeFront Residence only

No. of Towers: 8

No. of Storeys: 42

No. of Units: 2,424 units

Built Ups: 950- 1, 568 sq. ft.

Unit Types:

Type A 3 Bedrooms 1, 390 sq.ft.

Type B 3 Bedrooms 1, 568 sq.ft.

Type C 3 bedrooms 1, 323 sq.ft.

Type D 3 Bedrooms 950 sq.ft.

Type F 4 Bedrooms 1, 292 sq.ft.

In-House Facilities:

  • Multipurpose area
  • Swimming pool
  • Wading pool
  • Water playground
  • Butterfly theme playground
  • Art garden
  • Aquatic garden
  • Maze garden
  • Rain garden
  • Garden square
  • Community plaza

Selling Price Range: RM508,250 – RM976,480

Price per sq. ft.: From RM500 per sq ft

Maintenance Fees: RM0.22 psf

Expected TOP:

  • Tower 1 & 2: 2018
  • Tower 3 & 4: 2020

Sales Office: LakeFront Sales Gallery, Persiaran Semarak Api, 63000 Cyberjaya. Waze: Lakefront at Cyberjaya. Call 0111-7225999 for more information.

 

Project Details

lakeRsales1IMG_7839

LakeFront as a whole township

Covering over 40 acres of land, LakeFront is a brilliant conceptualised lifestyle statement by MCT. The land itself is dedicated to only LakeFront projects that include LakeFront Residence and LakeFront Villa. The development is not shying away in lavishing the landscape of the property in welcoming future residents to their homes.

There are two leisure and recreational parks with 40 thematic resort-style facilities. This comes along with retail conveniences that cater to the residents’ needs to dine and hang out with friends and family.

There are ten activity areas where residents could unwind and relax, away from the long hours of work. These zones cultivate healthy lifestyle by balancing great and serene ambiance in the comfort of one’s home. These areas include:

  • The Relaxation Gardens
  • The Scents Gardens
  • The Forest Gardens
  • The Aquatoriums
  • The Adventure Zone
  • The Sports Zone
  • The Feast Zone
  • The Lakefront Club
  • The Gathering Zone
  • The Fun Zone

lakeRdev1IMG_8129

Construction is underway (1)

lakeRdev2IMG_8126

Construction is underway (2)

lakeRdev3IMG_8123

Construction is underway (3)

LakeFront Residence is a condominium with a resort like atmosphere. Standing tall on a 23-acre of land, the development is among the tallest residential properties around the area of Persiaran Semarak Api while overlooking a massive lake. There are eight towers filling up the vast land of LakeFront Residence. Acorus, Brasenia and Caldesia are now completed. Diandra is currently on the rise and is expected to be done by 2017. The remaining four towers will be up by 2020.

The in-house facilities are just marvellous in every element. Knowing life can get pretty occupied with work and even studies, the facilities here aim to give residents a medium to meditate and relax from the constraint of stress and tense. Residents could unwind themselves at the Rooftop Garden while overlooking the lake as well as Cyberjaya’s impressive skyline.

There is a 300-meter linear jogging track as well as a fitness center for health enthusiasts. There’s no better way to balance a healthy lifestyle but to have it in the comfort of your own home. Children’s needs are not neglected. There will be a children’s playground, water playground and even childcare center. This could easily ease the mind of parents when it comes to childcare services as such services are right at their doorsteps.

Then there are the usual conveniences. Launderette, convenience store as well as a multipurpose hall and an outdoor amphitheater for residents to organise events and parties. LakeFront Residence is truly attentive to the needs of its residents and knowing great in-house facilities would bring interest among potential home buyers and investors.

There are multi ranges of layout at the LakeFront Residence. Understanding that residents are formed from various shapes and sizes, the units here truly reflect such diverse needs. The units range from 950 sq.ft to 1,568 sq ft.

lakeRsalestypeDspecsIMG_8213

Type D’s specs

The smallest unit, Type D is sized at 950 sq.ft. Despite being the smallest layout, it has three bedrooms and two baths for its occupants. The master bedroom comes with its own bath. While the other bedrooms are not attached to any baths. The unit has a small storage area at the entrance as well as a shoe rack outside of it. The unit comes with a small balcony covered in artificial grass located outside of its living area. Single folks would definitely love this unit. Small and minimalist. It is extremely easy to maintain its cleanliness at all times. Even a small family would fit the bill as tenants of such unit given the extra rooms.

lakeRsales2IMG_7844

Type F’s miniature model

lakeRsalestypeFspecsIMG_8201

Type F’s specs

Type F is another appropriate layout especially for those with a medium sized family. Sized at 1, 292 sq.ft., the unit comes with four bedrooms and three baths. This is a dual key unit as the fourth bedroom is a standalone unit equipped with its own bath and a living area. It also has its own balcony. The additional room can be used as a guest room for friends and families. It can also be rented out for extra income. The larger part of the unit has its master bedroom attached to a bath and two rooms that will be sharing one bath. The space is adequate for a family to go by on a daily basis.

lakeRsalestypeBspecsIMG_8195

Type B’s specs

The largest unit here is Type B. Sized at 1, 568 sq.ft., this particular layout has three bedrooms and two baths. It comes along with a study area that most often will be converted into a room. The main highlight of the unit is the space. It is spacious. Its master bedroom comes with a bath along with a private balcony. The first bedroom is not excluded from such grand gesture. It too has a balcony. The kitchen can be divided into dry and wet kitchens. This gives more room for kitchen appliances and furniture. Meanwhile, there is a third balcony situated outside of the living area. By the way, all balconies will have artificial grass filling up the space.

Well defined layouts can certainly help future homeowners in choosing what is suitable for them and their needs. Either single people, a burgeoning family or those who are keen to earn extra money, LakeFront Residence has it all. The sizes are very much reasonable and practical. The price as well is a good shout out when it comes to affordability. For first time home buyers, LakeFront Residence is worth the contemplation, given the price tag and the wealth of space graciously provided in the layouts.

Show More

Location

The notion of Cyberjaya was inspired by the Silicon Valley and its industrial revolution of the IT sector. Officiated in 1997, Cyberjaya is a developing municipality that forms a decisive role in the Multimedia Super Corridor (MSC) in Malaysia. It spans over 7, 000 acres of land that was once populated by palm oil plantations and barren land, untouched by concrete development.

lakefront residence cyberjaya

Cyberjaya (Source http://www.mymrt.com.my/hawk-eye-view/)

Among the main goals of an IT valley here in Cyberjaya are:

  • a leading edge multimedia center that will attract world-class multimedia/IT companies;
  • sophisticated and state-of-the-art integrated infrastructure and IT system; and
  • sophisticated and efficient transportation systems with an emphasis on public transport

(Source https://en.wikipedia.org/wiki/Cyberjaya)

Despite facing some setbacks during the 1997 Asian Financial Crisis, Cyberjaya is now flourishing rapidly as an international hub for various sectors and is now expanding its role as a destination for residential townships. The population here is set to increase from 83, 000 people to 100,000 people by the end of 2016. Thus, residential properties are definitely in demand and crucial in catering to the upsurge of the population. MCT’s residential and mixed projects such as Cyber South, Skypark and LakeFront are among the abundance of ventures that are developed for such purpose.

lakeRsales3IMG_8187

Accessibility to Cyberjaya has been great

lakeRget1IMG_7849

Getting there via LDP (1)

lakeRget2IMG_7855

Getting there via LDP (2)

lakeRget3IMG_7858

Getting there via LDP (3)

lakeRget4IMG_7871

Getting there via LDP (4)

lakeRget6IMG_8033

Getting there via LDP (5)

A potential residential property that is on the loom, the LakeFront Residence can be directly reached by using the Lingkaran Putrajaya access from the ELITE Highway. Besides that, the Putrajaya-Cyberjaya Expressway is a great alternate route in getting here. Meanwhile MEX Expressway, SKVE and LDP are other available options that are able to get you to Cyberjaya from Kuala Lumpur.  The drive to Cyberjaya would take at least 40 minutes from the city centre, given the proposed routes’ road condition and the frequency of vehicles on that given day.

Due to its robust growth and popularity, public transportation is taking the centre stage in riding the success of Cyberjaya as a destination to call home. An extensive rail network will commence in the second quarter of 2016.

mrt cyberjaya

MRT Line 2 SSP (Source http://www.mymrt.com.my/hawk-eye-view/)

The proposed MRT Line 2 of Sungai Buloh-Serdang-Putrajaya is estimated 52.2 km long as 13.5 km will be built underground. There will be 36 stations, which include several stations located closely or within Cyberjaya. These stations comprise of S23 Taman Putra Permai, S33 16 Sierra, S34 Cyber North, S35 Cyberjaya City Centre and S36 Putrajaya Sentral. The line will take folks from Cyberjaya to places such as Serdang, TRX, Jalan Conlay, KLCC, Titiwangsa, Kepong, Sri Damansara and right up to Sungai Buloh.

The SSP line will also have connectivity with the existing KTM Komuter (three stations), LRT Ampang Line (three stations), LRT Kelana Jaya Line (one station), KL Monorail (one station), KLIA Transit (one station) and MRT Line (two stations). Such great connectivity is guaranteed as people will be able to travel effortlessly in beating the rush of a metropolitan city like KL.

The SSP Line is expected to reach 529, 000 commuters a day once it is fully operating in 2022.

lakeRfaciIMG_7899

Putrajaya Sentral is currently the main hub of public transportation for Cyberjaya

For the time being, folks around the area can go for Dedicated Transportation System (DTS), taxis and the ERL.

Cyberjaya is known throughout the decade as the hub of MNCs as numerous multinational corporations are making the area as its central or regional office.  As stated earlier, there is an estimated of 83, 000 people living in Cyberjaya and 35, 000 of them are knowledge workers.

lakeRfaci6IMG_8051

Local and global companies are coming to Cyberjaya

There are 815 digital companies, 496 MSC status companies and 38 multinational companies within the grasp of Cyberjaya. These companies include:

  • Shell
  • IBM
  • Hewlett Packard
  • Intel Corporation
  • Ericsson
  • AIG
  • HSBC
  • AT&T
  • DELL
  • Fujitsu
  • DHL
  • BMW

lakeRfaci9IMG_8057

CUCMS

lakeRMMUIMG_8070

MMU

Cyberjaya is turning itself into a haven for knowledge where top schools and universities are locating and relocating their institutions here. Riding the wave as a hub of MNCs, the education sector is reaping the benefits of the influx of workforce and their families in residing at Cyberjaya. Limkokwing University of Creative Technology is among the pioneering educational institutions that made Cyberjaya as the location of their main campus. The prestigious university has not only lured the local students to pursue their education here, but drawing thousands of student from 150 countries across the globe. Multimedia University (MMU) is another established university that has set up its main campus in the heart of Cyberjaya. The list of universities within a 15 km radius continues to grow. Xiamen University is the latest institution that is taking the pledge to make Cyberjaya home. Other various educational institutions that are located in Cyberjaya include:

  • Cyberjaya University College of Medical Sciences (CUCMS)
  • University Malaysia of Computer Science and Engineering (UNIMY)
  • Open University Malaysia
  • University Islam Malaysia
  • Kirkby International College
  • Cyber Putra College

lakeRfaci5IMG_7998

High performing school, Sekolah Seri Puteri

Even notable schools are taking their claim over Cyberjaya. The prestigious Sekolah Seri Puteri is merely around the corner at Persiaran Tasik Cyberjaya. Known for high academic excellence, the all-girls boarding school is the prime education destination for many parents around and even outside of Cyberjaya. Besides academic excellence, the school is also known for its wind orchestra that won gold medal at the 24th Australian International Music Festival (AIMF). SSP’s wind orchestra was also the first Malaysian residential government school to play at the Sydney Opera House.  Such wonderful accomplishments from home-grown students.

Besides that, SJK (C) UNION will be making its mark soon, right next to LakeFront by 2017. This is part of MCT’s social responsibility and commitment to its community of homeowners. It also marks SJK (C) UNION as the first Chinese national school in the township.

Other schools also include:

  • ELC International School
  • SRK Cyberjaya
  • SMK Cyberjaya

lakeRfaci7IMG_8137

Amenities can be found at Mutiara Ville

lakeRfaci2IMG_8027

More restaurants and shops along Cyberjaya

lakeRfaci8IMG_8153

A mosque in a garden

Discard the idea of the area being off the grid. With an extensive MRT Line 2 in place as well as modern marvels to rave, Cyberjaya is the place to live. As a whole, Cyberjaya has proven itself as a comprehensive town, compact with state-of-the-art amenities and facilities while still witnessing robust physical expansion. Just imagine Cyberjaya’s physical landscape by 2020.

 

Show More

Analysis

Price Analysis

Name Land Tenure No. of Blocks No. Storey/Units Selling Price
LakeFront ResidenceBy MCT(Overall Completion by 2020) Freehold 8 42 storeys/2400 units RM 475, 000-RM 784, 000 
SkyparkBy MCT(Completion by 2017) Freehold 6 Serviced Apartments: 37 storeys/ 296 units RM 430, 100 –RM 594, 100
Serin ResidencyBy Trientel Land(Completed in 2014) Freehold 4 30 storeys/ 600 units RM 270, 200-RM 1 mio

Rental starts at RM 1, 500.

The Developer

MCT Consortium was founded by Tan Sri Dato’ Sri Goh Ming Choon and Dato’ Sri Tong Seech Wi. The company began operations in 1999 as Modular Construction Technology Sdn Bhd, a builder specialising in undertaking construction, civil engineering and mechanical and electrical works through the modular construction technique.

MCT Consortium subsequently ventured into property development in 2004 with the development of USJ One Avenue, a 448-unit condominium project. MCT Consortium commenced its operations (via Modular Construction Technology Sdn Bhd) in 1999 with a paid-up capital of only RM250, 000.00, and its revised net asset value has since increased tremendously to RM1.33billion currently.

MCT Consortium is today an integrated property developer supported by in-house capabilities including development planning, architectural and engineering design, quantity surveying and procurement, interior design, project management and construction. It has successfully completed projects with a total GDV of RM1, 080 million to-date, and is currently developing on-going projects with a total GDV of RM2, 264 million. Its pipeline of projects to be launched in the future totals an estimated RM6, 723 million. This excludes remaining landbank of 296 acres with its GDV yet to be finalised. MCT Consortium’s existing landbank is located within Greater KL in USJ (Petaling Jaya), and within Cyberjaya and its surrounding area.

(Source http://www.mct.com.my/company-profile)

Show More

Summary

Given its great location in the ever progressing Cyberjaya, LakeFront Residence is indeed a great bargain. With wide selection of layouts, home buyers have the opportunity to choose what suits them the best. The layouts cater to the different layer of residents, from single folk to a family. Another great factor of the development is the price. As low as RM 475 000, first time home buyers ought to have a unit here, which is also gracious in providing ample of space as well as great facilities.

Plus, Cyberjaya is no longer ‘off the grid’. With great and extensive rail network via MRT Line 2 SSP, commuting will be made easier to compare to a decade ago. This is the ‘it’ destination of the future. Cyberjaya is not just for settling down with a family but a career stepping stone as
well-established MNCs are making Cyberjaya as their central or regional office.

Show More

Tags

Eric Wong

Writer

Feedback