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Continue Reading ⋅ 30 January 2023
The township of Bandar Kinrara was launched in 1991, with a gross development value (GDV) of RM3 billion. It sprawls across 1,904 acres with residential, commercial and retail components. There will be a total of 14,500 units, with an expected population of 72,500.
One of the newer developments launched in Bandar Kinrara, Puchong, is Legasi 2 by I&P Group Sdn Bhd, a wholly-owned subsidiary of S P Setia Bhd. 76 double-storey terraced houses were launched on 15 February 2020. The freehold development has a GDV of RM87 million and it is the second series of the fully sold Legasi 1 which was launched in 2019. The launch saw prospective buyers forming a queue a few days before the official launch.
Bandar Kinrara is a mature township and the demand, especially for landed houses, has been strong. According to S P Setia, they always try to come up with products that meet the market’s demand while continuously maintaining the quality that they are known for.
I&P Group is the master developer of Bandar Kinrara, and they started with Bandar Kinrara 1 (BK1) in 1991 and gradually expanded up to Bandar Kinrara 9 (BK9). Bandar Kinrara offers a variety of homes in different designs ranging from double-storey terraces to semi-detached homes.
Bandar Kinrara is strategically located 25km away from Kuala Lumpur city centre and Cyberjaya, 30km away from Putrajaya and 8km from Bandar Sunway. It’s location, in between Puchong and Kuala Lumpur, makes it much-wanted as the area is linked to major highways such as the Damansara-Puchong Highway (LDP), KL-Putrajaya Expressway (MEX), and NKVE-ELITE Expressway.
Bandar Kinrara Puchong is also home to an international cricket pitch and the Kinrara Golf Club that offers an 18-hole golf course with club facilities for the public. As at Q1 of 2020, about 80% of the township has been developed. The undeveloped land is slated for residential use.
Address: Jalan Kinrara 6b, Linear Park, 47100 Puchong, Selangor
Property Type: Double-storey terraced house
Land Title: Residential
Total Units: 76
Tenure: Freehold
Sales Gallery: Bandar Kinrara Welcome Centre, Eight Kinrara – Block B, Jalan BK 5A/1, Bandar Kinrara, 47180 Puchong, Selangor
Year of Completion: 2022
Built-up Area: 2,161 sq ft to 2,655 sq ft
Launch Price: From RM1 million
Project Details
Legasi 2 is targeted at homebuyers, investors and upgraders. The freehold Legasi 2 have built-ups from 2,161 sq ft to 2,655 sq ft, with a starting price of RM1 million.
The development consists of 76 units of 22’ x 75’ double-storey terrace houses. It features Spatial Oblique Legacy design concept that symbolises triangular shape of the landscape area.
Legasi 2 is slated for completion in 2022.
Location
Located in the mature township of Bandar Kinrara, residents of Legasi 2 will enjoy seamless connectivity via major highways such as the Bukit Jalil Highway, Shah Alam Expressway, Damansara-Puchong Expressway (LDP), North-South Expressway and Maju Expressway (MEX).
It is served by the Kinrara BK5 light rail transit station, which is located at the Kinrara town centre. The LRT station is linked via a pedestrian bridge to Eight Kinrara – a commercial and serviced apartment project.
Amenities close to Legasi 2 include shopping malls, educational institutions, and medical centres. The Kinrara Golf Club in Bandar Kinrara has an 18-hole golf course and club facilities that are open to the public. It is also the first township to have an international-standard cricket pitch.
Legasi 2 is only 35km away from the Kuala Lumpur International Airport (KLIA) and 19km away from the Kuala Lumpur City Centre (KLCC).
Accessibility
- Bukit Jalil Highway
- Shah Alam Expressway
- Damansara-Puchong Expressway (LDP)
- North-South Expressway
- Maju Expressway (MEX)
Education
- SK Seksyen 1 Bandar Kinrara
- SJK (C) Yak Chee
- SMK Seksyen 3 Bandar Kinrara
- Sunway College
Medical Care
- Columbia Hospital
- Sunway Medical Hospital
Shopping
- Giant Bandar Kinrara
- IOI Puchong Mall) and medical centres
Recreation
- Kinrara Golf Club
Analysis
Since its launch in 1991, homes in Bandar Kinrara have shown tremendous appreciation. That lends to the popularity of developments there with home buyers.
New products have enjoyed an increase in value of up to 25% within two years after their launch. The hike in prices of landed homes has also made high-rise properties attractive to homebuyers.
Bandar Kinrara as a well-planned integrated township. It offers a mix of commercial shophouses within residential areas, with other amenities such as schools, and recreational parks and places of worship.
Homes in neighbouring residential areas, such as Bukit Jalil, Pinggiran Putra and Seri Kembangan, are competitively priced and could put pressure on price growth.
Here’s a quick look at residential properties in or close to Bandar Kinrara.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Legasi 2 by I&P Group |
Freehold |
Double-storey terrace house |
2022 |
2,161 sq ft – 2,655 sq ft |
From RM1 million |
|
Rica Residence by Fajarbaru Land Sdn Bhd
|
Freehold |
Condominium |
2019 |
1,200 sq ft – 2,080 sq ft |
From RM637,000
|
|
Freehold |
Double-storey terrace house |
2018 |
1,400 sq ft – 2,090 sq ft |
From RM850,000
|
|
|
TEN Kinrara by I&P Group |
Freehold |
Serviced apartment |
2020 |
646 sq ft – 1,281 sq ft |
From RM400,000
|
|
Freehold |
Condominium |
2016 |
1,100 sq ft – 1,500 sq ft |
From RM500,000 |
Summary
Bandar Kinrara is a highly populated township with a good sales and rental market. It has relied on growth in neighbouring townships, such as Puchong, Bukit Jalil and residential areas along Jalan Puchong, for leads. Demand remains strong, as witnessed by the quick sale of Legasi 2 units. A developer’s good reputation is certainly an assurance of capital appreciation.
If you are interested in a Legasi 2 unit that is priced at RM1 million, and plan to take 70% LTV loan of RM700,000 with an interest rate of 4.2%, the monthly instalment would be RM3,424 over 30 years. The monthly repayment figure is derived from PropertyGuru Home Loan Calculator.
To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. 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!
