• Pavither
  • 15 March 2021

Mirage by the Lake is encapsulated within the exclusive Perdana Lakeview West enclave in Cyberjaya. It consists of a collection of villas and condominiums. Sitting close to the stunning Putrajaya Lake, this development was crafted by award-winning designers and landscape architects.

Emulating a fortress, Mirage by the Lake is unconventionally curved and cascades down towards the water’s edge in the heart of the development. A garden scape, thoughtfully coupled with green landscaping, is a merger of contemporary lifestyle living with a nature-inspired backdrop.

MiragebytheLake_3

30 per cent of the development is devoted to greenery. With wetlands and treelined sunken and elevated walkways, shady pavilions and terrace gardens, Mirage by the Lake is crafted as an ecosanctuary that allow residents to roam and enjoy the amenities in the cool shades.

This flagship venture by OSK Properties also incorporated green initiatives such as rainwater harvesting and a perimeter of “breathing” fence featuring green creepers to keep the site cool.

The project received a good response, with many buyers drawn to the concept of unifying modernity with nature in a fast-developing area. Not surprisingly, Mirage by the Lake won multiple awards for a few consecutive years.

Mirage by the Lake is encapsulated within the exclusive Perdana Lakeview West enclave in Cyberjaya. It consists of a collection of villas and condominiums.

Address: Jalan Sri Tasik Barat 1, Perdana Lakeview West, 63000 Cyberjaya, Selangor

Developer: Jelang Vista Sdn Bhd (OSK Property Holdings Bhd)

Property Type: Condominiums & Villas

Land Title: Residential

Total Units: 

  • Condominium: 413 units
  • Villa: 68 units

Tenure: Freehold

Year of Completion: 2014

Built-up Area: 

  • Condominium: 1,060 sq ft – 1,496 sq ft
  • Lake Villa: 4,496 sq ft – 4,736 sq ft
  • Link Villa : 2,466 sq ft – 3,428 sq ft

Facilities:

  • Salt-water pool
  • Lap pool
  • Children’s pool
  • Children’s playground
  • Sauna & steam rooms
  • Squash court
  • Badminton court
  • Tennis court
  • Sky gymnasium
  • Sky garden
  • Wetlands 
  • Elevated catwalk
  • BBQ pit & pavilion
  • Multi-purpose hall
  • Meandering stream
  • Surau

Launch Price:

  • Condominium: From RM582,000
  • Villa: From RM900,000 – RM2,300,000

Launch Price Per Sq Ft: 450 per sq ft

Maintenance Fee: RM0.28 per sq ft

Awards:

Asia Pacific Property Awards 2015

  • Best Condominium Malaysia Five-Star
  • Residential Development Malaysia – Highly Commended

South East Asia Property Awards 2015

  • Best Luxury Condo Development (Central Malaysia) – Highly Commended
  • Best Landscape Architectural Design – Highly Commended
  • Best Residential Interior Design – Highly Commended
  • Best Residential Architectural Design – Highly Commended

Asia Pacific Property Awards 2014

  • Best Residential Landscape Architecture Malaysia – Highly Commended

South East Asia Property Awards 2014

  • Best Condo Landscape Architectural Design – Winner
  • Best Residential Architectural Design – Highly Commended

South East Asia Property Awards 2013

  • Best Condo Development Malaysia – Winner
  • Best Landscape Architectural Design – Winner
  • Best Residential Interior Design – Highly Commended
  • Best Villa Development Malaysia – Highly Commended

Asia Pacific Property Awards 2013

  • Best Development Marketing Malaysia – Highly Commended
  • Best Property Single Unit Malaysia  – Highly Commended

Asia Pacific Property Awards 2012

  • Best Interior Design Show Home Malaysia

Asia Pacific Property Awards 2011

  • Best High Rise Architecture Malaysia – Highly Commended
  • Best Architecture Multiple Residence Malaysia – Highly Commended

Project Details

Mirage by the Lake is a gated and guarded development by Jelang Vista Sdn Bhd, a subsidiary of OSK Property Holdings Bhd. The project is perched on the highest point in the Perdana Lakeview West precinct in Cyberjaya, by the Putrajaya Lake.

Mirage by the Lake is a collection of 413 condominium units and 68 villas spread across 12.4 acres. It was completed in late 2014, with a gross development value (GDV) of RM350 million.

Mirage by the Lake is a collection of 413 condominium units and 68 villas spread across 12.4 acres.

There are 413 condominium units in the 2 low-rise blocks (not exceeding 10 storeys), and they cascade down towards the circle of 26 triple-storey lake villas, 39 double-storey link villas, and 3 garden villas.

The lake villas open up into a lush and leafy wetland with walkways that encircles a saltwater pool. The high-rise blocks facing the villas are elevated by 3 levels at the base, offering the condominium units views that are over and above the rooftops of the villas.

This also provides more privacy as it prevents looking directly into opposing units. These blocks are spread horizontally, mimicking a fan, with a continuous mezzanine level interspersed with trees and plants. The unique fan design also allows good air flow for the units.

Mirage by the Lake is a collection of 413 condominium units and 68 villas spread across 12.4 acres.

The development also has eco-friendly initiatives such as rainwater harvesting and a system to recover treated stormwater, holding ponds, and sedimentation and bio-retention basins.

Facilities wise, Mirage by the Lake has 2 clubhouses, a saltwater and lap pool, a sky gym and sky lounge, barbeque area, tennis courts, squash courts and multipurpose hall, amongst others.

The architecture of the condominiums and villas are contemporary, with clean lines and subtle sophistication. The condominium’s built-ups range from 1,060 sq ft to 1,496 sq ft, while the double-storey link villas range from 2,455 sq ft to 3,428 sq ft.

Mirage by the Lake is a collection of 413 condominium units and 68 villas spread across 12.4 acres. Mirage by the Lake is a collection of 413 condominium units and 68 villas spread across 12.4 acres.

The most lavish of all are the circle of 3-storey lake villas, with built-ups of 4,496 sq ft to 4,736 sq ft.

Mirage by the Lake is a collection of 413 condominium units and 68 villas spread across 12.4 acres. Mirage by the Lake is a collection of 413 condominium units and 68 villas spread across 12.4 acres.

Unit Types

Built-Up

Launch Price

Type V1.1

Lake Villa

·       4,622 sq ft

·       Land area 2,387 sq ft

·       5 + 1 rooms

·       3 levels

 

 

 

 

 

 

 

Condominium – From RM582,000

 

Villa – From RM900,000

Type V2.1

Lake Villa

·       4,720 sq ft

·       Land area 2,309 sq ft

·       6 + 1 rooms

·       3 levels

Type W1

Lake Villa

·       3,425 sq ft

·       Land area 2,231 sq ft

·       4 rooms

·       2 levels

Type K1
Link Villa

·       2,705 sq ft

·       Land area 2,063 sq ft

·       3+1 rooms

·       2 levels

Type K3

Link Villa

·       2,432 sq ft

·       Land area 2,252 sq ft

·       3+1 rooms

Type A2

·       1,102 sq ft

·       2 rooms

Type A2 (i)

·       1,084 sq ft

·       2+1 rooms

 

Type A2 (x)

·       1,126 sq ft

·       2+1 rooms

Type B2

·       1,361 sq ft

·       3+1 rooms

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Location

Mirage by the Lake is located within the gated and guarded Perdana Lakeview West enclave in Cyberjaya. This 65-acre residential precinct is also home to mansion lots and Summer Glades, a development of terrace houses.

Sitting on the highest point in Perdana Lakeview West, Mirage by the Lake offers a great vantage point of the stunning Putrajaya Lake and the surrounding areas. Its location is close to the core of Cyberjaya, where the main commercial area and most of the amenities are located.

Mirage by the Lake is encapsulated within the exclusive Perdana Lakeview West enclave in Cyberjaya. It consists of a collection of villas and condominiums.

The number of malls and eateries have also increased of late, offering more convenience to the residents.

For recreation, there are bounds of activities at the Putrajaya Lake, while the Cyberjaya Lake Gardens has a scenic 1.6km loop for walking and jogging.

Cyberjaya was once deemed merely as the country’s Multimedia Super Corridor (MSC) hub. Although it is tucked away in Sepang, the area has seen significant developments in terms of residential packages and infrastructure.

While it is still quite a fair distance from other key areas in the Klang Valley and Greater Kuala Lumpur, it is well connected via a network of crossing highways such as the  Maju Expressway (MEX Highway), Lebuhraya Damansara Puchong  (LDP), and the South Klang Valley Expressway (SKVE).

In line with Cyberjaya’s initiative towards achieving low-carbon city status, most roads in Cyberjaya have bicycle lanes and walking paths, encouraging healthy and green lifestyles. Additionally, the upcoming Sungai Buloh-Serdang-Putrajaya MRT 2 Line is expected to be completed by 2022, with stops in Cyberjaya City Centre and Cyberjaya North.

Accessibility

  • Lebuhraya Damansara-Puchong (LDP)
  • Maju Expressway (MEX Highway)
  • South Klang Valley Expressway (SKVE)
  • North-South Expressway Central Link (ELITE Highway)
  • Sungai Buloh-Serdang-Putrajaya MRT2 Line 

Education

  • Seri Puteri School
  • Limkokwing University of Creative Technology
  • ELC International School
  • Multimedia University Malaysia (MMU)
  • King Henry VIIII College
  • Kirby International College
  • Cyber Putra College
  • University of Cyberjaya (UoC)

Medical Care

  • Hospital Putrajaya
  • Institut Kanser Negara (IKN)

Shopping

  • D’Pulze Shopping Centre
  • Shaftsbury Square
  • Tamarind Square

Recreation

  • Cyberjaya Community Sports Complex
  • Cyberjaya Lake Gardens
  • Putrajaya Wetlands Park
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Analysis

Cyberjaya has seen a vast development since its launch in 1997. From being known as the technology hub and home to the country’s Multimedia Super Corridor (MSC), it is now a bustling township with an increasing number of commercial occupancy and educational facilities.

The working crowd had previously lived in areas outside of Cyberjaya and willing to take a longer commute. However, the trend has shifted towards living within the township, and this has driven the demand for more housing and retail facilities. With that, Cyberjaya has upped the ranks as a more liveable city, and slowly but surely, it is becoming more self-sustaining.

Mirage by the Lake is a collection of 413 condominium units and 68 villas spread across 12.4 acres.

Most of the developments in Cyberjaya were smaller SOHO units in the central commercial area. The introduction of Mirage by the Lake offered up-market and exclusive spacious living in an eco-centric haven.

The development was well-received and sought after by families that opted for a more tranquil atmosphere, professionals working in adjacent Kuala Lumpur International Airport (KLIA), and investors who saw potential with the rising number of expatriates in Cyberjaya.

With the lack of proper business hotels in the region at the moment, many residential units of Cyberjaya developments are listed for short-term rentals on hotel-booking websites. A 1,500 sq ft condominium unit at Mirage by the Lake can be rented for RM200 per day, while a similar unit has a current gross rental yield of approximately 4.4% per annum.

Here’s a look at residential properties in Cyberjaya.

Project

Land Tenure

Unit Type

Completion

Built-up

Approximate Launch Price

Mirage by the Lake by OSK Property Holdings Bhd

Freehold

Condominium & Villa

2014

1,060 sq ft – 4760 sq ft

RM582,000 –   RM2,300,000

LakeFront Residence by MCT Group

Freehold

Condominium

2018

950 sq ft – 1.568 sq ft

RM508,250 – RM945,860

Verdi Eco-dominiums @ Symphony Hills by UEM Sunrise Bhd

Freehold

Condominium

2016

700 sq ft – 1,442 sq ft

From RM620,000

The Arc @ Cyberjaya by Andaman Group

Freehold

Service Residence

2015

913 sq ft – 1.915 sq ft

RM350,000 – RM710,000

Cyber Heights Villa by Country Heights Holdings Bhd

Freehold

Apartments

2014

938 sq ft – 1,727 sq ft

From RM381,888

SummerGlades @ Cyberjaya by Suntrack Development Sdn Bhd

Freehold

Terraced Houses

2012

Average  of 3,000 sq ft

From RM760,000 – RM930,000

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Summary

Mirage by the Lake is the flagship and ambitious development by OSK Property group. Offering abodes in a green haven, Mirage by the Lake is a blend of a modern-day lifestyle in a private resort setting.

Flanked by the iconic Putrajaya Lake, the multiple award-winning development is serenity spread over spacious higher grounds.

As listed on PropertyGuru.com.my, a partially furnished 1,500 sq ft 3-bedroom condominium at Mirage by the Lake has an asking price of RM680,000. The asking rental for a similar unit is at approximately RM2,500 per month.

Here are estimated loan figures for a condominium unit at Mirage by the Lake priced at RM680,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM68,000
  • Loan amount: RM612,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM2,647
  • Approximate required gross annual income: RM106,000*

Use these calculators to adjust the loan numbers:

Want to find out what’s your DSR?

To calculate your Debt Service Ratio (DSR), refer to 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

Pavither

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