• Arianna Leo
  • 20 June 2017

Artist's impression of Mizumi Residences situated next to Kepong Metropolitan Lake

Artist’s impression of 42 storeys tall Mizumi Residences situated next to Kepong Metropolitan Lake (Photo credit: http://tadmax.com.my/kepong-project/)

Mizumi Residences consists of three blocks of 42 storeys high condominium set over 6 acres of leasehold land overlooking Kepong’s 220-acre Metropolitan Lake. These residential-only towers are located within a stone’s throw from Jalan Kepong, which is linked to MRR2. Tower 1 and Tower 2 each accommodates 460 units while Tower 3 houses 592 units – ranging from 3+1 bedrooms and 3 bedroom apartments. All units come with built-ups of between 901 sq ft to 1,027 sq ft. The average per sq ft price of units are between RM430 to RM490.

About the Developer

Wawasan Metro Bina Sdn Bhd is a subsidiary of property and plantation firm Tadmax Resources Bhd (Tadmax). The company was incorporated in 2013 and is headquartered in Petaling Jaya.

Tadmax Resources Berhad (TRB) was listed on the Main Board of Bursa Malaysia Securities Berhad since December 1970. The company is active in property development, agriculture development and industrial supply.

Ongoing Project(s): Maxim Residences in Alam Damai, Maxim City Lights in Sentul, and One Maxim in Sentul.

(Source: http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=377321420)

 

Property Details

Property Name: Mizumi Residences

Address: Jalan Perdana Metro Barat, Kepong, 52100 Kuala Lumpur

Property Type: Residential / Apartment / Condominium

Furnishing: Unfurnished

Land Tenure: Leasehold

Land Title: Residential

Total Land Size: 6 acres

Total No. of Units: 1,512

No. of Storeys: 42

No. of Blocks: 3

No. of Lifts: 4 lifts per tower

No. of Carparks: 2 per unit

Unit Type:

  • Type A (3 bedrooms + 2 bathrooms) – 901 sq ft
  • Type B (3 + 1 bedrooms + 2 bathrooms + 1 utility) – 932 sq ft
  • Type C (3 + 1 bedrooms + 2 bathrooms + 1 utility) – 932 sq ft
  • Type D (3 + 1 bedrooms + 3 bathrooms + 1 utility) – 1,027 sq ft

Starting Price: starts from RM388,000 +

Maintenance Fee: RM0.17 psf (including sinking fund)

Price per sq ft: starts from RM430

Security Features: 5 tiers

Estimated Completion Date: 2020

Developer: Wawasan Metro Bina Sdn. Bhd.

Address: No. 2D, Jalan SS 6/6, Kelana Jaya, 47301 Petaling Jaya Selangor

Sales Office: 21, Jalan Metro Perdana 7, Taman Usahawan Kepong, 52100 Kuala Lumpur

Opening hours: 10 am to 7 pm daily

Sales Enquiries: 03-6242 7887 / 017-200 8703

Facilities:

  • Roof Top Garden
  • Indoor Badminton Courts
  • Basketball Court
  • Cafeteria
  • Convenience Store
  • Laundrette
  • Multi-purpose Hall
  • Swimming Pool
  • Children’s Pool
  • Children’s Playground
  • Jacuzzi
  • Male & Female Changing Rooms
  • Male & Female Sauna
  • Kindergarden
  • Gymnasium
  • Jogging Track
  • Main Lobby
  • Guard House

 

Project Details

Construction site of Mizumi Residences

Construction site of Mizumi Residences

Lake-fronting Mizumi Residences has an overall gross development value (GDV) of RM1.0 billion. Due to the high number of units (totaling 1,512) housed in its residential high-rises, Block 1 (460 units) and Block 2 (460 units) are each serviced by 4 elevators while the even greater in density (592 units) Block 3 has 5 lifts.

Scale model of Mizumi Residences showing the jogging track at Kepong Metropolitan Lake Park

Scale model of Mizumi Residences showing the jogging track at Kepong Metropolitan Lake Park

The distance between Block 1 and Block 2 is 8 metres, and Block 2 and Block 3 are separated by 6.8 metres. The ceiling height of the main lobby is 6 metres. The ceiling height of all units is 3 metres and without plaster ceiling.

These lifts are not only there to carry passengers and residents up and down each respective floor (where each building has 18 units per floor), but they also directly link car park levels to unit levels. How convenient!

Unit floor plans for Mizumi Residences

Unit floor plans for Mizumi Residences

The average price per sq ft ranges as low as RM430 to as high as RM490 per sq ft. Even the orientation of your unit determines its price. West-facing units with built-ups ranging from 901 sq ft to 932 sq ft has the lowest per sq ft price while units that come with built-ups of 932 sq ft to 1,027 sq ft are priced the highest. The intermediate and corner units that overlook east pool are priced at RM450 and RM470 per sq ft respectively.

The balcony dimensions for Type A units is 900 milimeter x 3000 milimeter while for Type B, C and D is 800 milimeter x 3300 milimeter. Each unit comes with 2 complimentary (side by side) carparks and free SPA legal fees.

The facilities are spread across 2 acres of space and nestle over two levels – Level 8, where most of the facilities are, and Level 42, where the sky garden is. They include but are not limited to – rooftop garden, 4 indoor badminton courts, full basketball court, cafeteria, convenience store, launderette, multi-purpose hall, swimming pool, children’s pool, children’s playground, Jacuzzi, male and female changing rooms, male and female sauna, kindergarten, gymnasium, and jogging track.

Although Block 1, Block 2, and Block 3 are all 42 storeys tall, the residential units only occupy Level 9 until Level 41. In addition to this, there are 9 levels of carpark beginning from Lower Ground, Ground, and Levels 1 to 7.

Units are divided into intermediate and corner units that either afford views of the pool, lake, and forest. The security level is 5 tiers – guardhouse, lift lobby, lift access, CCTV, and guard patrol.

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Location

Location map pinpointing the location of Mizumi Residences

Location map pinpointing the location of Mizumi Residences

Kepong is congested and teemed with heavy traffic. It’s filled with the hustle and bustle of activities. Its communities are long-established neighbourhoods. Being long established means that Kepong is also home to several leisurely destinations namely FRIM’s Taman Botanic and Kepong Metropolitan Lake Gardens.

Traffic conditions along Jalan Kepong is usually heavy

Traffic conditions along Jalan Kepong is usually heavy

Kepong Metropolitan Lake Gardens is situated in the bustling commercial heart of Metro Prima in Taman Usahawan Kepong. Nestled on the edge of this 220-acre lake is a trio of 42 storeys residential towers called Mizumi Residences. In the Japanese language, the word mizumi fittingly means “lake”.

Jalan Kepong is lined with shophouses and businesses that are as old as the road itself

Jalan Kepong is lined with shophouses and businesses that are as old as the road itself

Surrounded by multi-storey shop lots occupied by every conceivable type of business in a predominantly Chinese community defines why Kepong is heavily-populated. The closest neighbourhoods to Mizumi Residences are Kepong Baru, Taman Bukit Maluri and Jinjang.

Police station is located on Jalan Kepong

Police station is located on Jalan Kepong

Today as equally important as the retail businesses in the area is a standalone AEON Mall (with AEON Big) at Jalan Metro Prima, located on the opposite side of traffic-heavy Jalan Kepong. Jalan Kepong has been a long-standing trunk road which has been around for generations – close to almost 100 years or more, and remains as relevant as the numerous highways that have been added across its path.

AEON Metro Prima Shopping Centre is located 1.4 km away via Jalan Metro Perdana Barat and Jalan Metro Prima

AEON Metro Prima Shopping Centre is located 1.4 km away via Jalan Metro Perdana Barat and Jalan Metro Prima

Another major highway that passes through the Kepong commercial and residential area is Middle Ring Road 2 (MRR2), which is connected to Jalan Kepong, which is in turn linked to Jalan Ipoh, Jalan Kuching, and the DUKE Highway. The MRR2 also leads to the Kepong-Selayang Highway heading towards Selayang and Rawang.

Shophouses within short walking distances

Shophouses within short walking distances

In the midst of all this hustle and bustle of making a living that Kepong folks are famous for, Mizumi Residences is also nestled close to nature. The closest natural marvel is the Kepong Metropolitan Lake and Park which spans over 200 acres. This not an average park. The scenery you will be able to witness from this park itself are the distant mountains, due to Kepong’s close proximity to Batu Caves and beyond.

Road indicating the entrance road to Mizumi Residences

Road indicating the entrance road to Mizumi Residences

And never forget that somewhere along MRR2, there is the Forest Research Institute of Malaysia (FRIM), which is reachable in just 5km via Jalan Kepong. Inside this research institute is a pay-per-entry shady jungle hiking trail, as well as various jungle trekking adventures.

Shop houses in neighbouring Kepong Baru

Shop houses in neighbouring Kepong Baru

In terms of public transport, Kepong has its very own KTM Commuter Station called KTM Kepong Central. The MRT Line 2 will also run across Kepong with a few designated stations.

Highway Connectivity:

  • Kuala Lumpur Inner Ring Road (Jalan Kuching) MRR2
  • DUKE Highway Phase 2 (under construction)
  • Selayang-Kepong Highway
  • Lebuhraya-Damansara Puchong (LDP)

Major Attractions in the Area:

  • Kepong Metropolitan Lake Gardens
  • Forest Research Institute of Malaysia (FRIM)
  • AEON Big Kepong
  • AEON Kepong
  • KTM Kepong Sentral
  • KTM Kepong

Schools within walking distance:

  • SMK Kepong
  • Sekolah Kebangsaan St Mary
  • Sekolah Kebangsaan Taman Ehsan
  • Sekolah Menengah Kebangsaan St Mary
  • Sekolah Menengah Kebangsaan Seri Bintang Utara

Facilities and Amenities:

  • Batu Caves, Selangor
  • Kepong Entrepreneurs Park
  • ParkCity Medical Centre, Desa ParkCity
  • Public Bank, Kepong
  • Hong Leong Bank, Kepong
  • Standard Chartered Bank, Kepong
  • Alliance Bank, Kepong
  • OCBC Bank, Kepong
  • HSBC Bank, Kepong
  • Bank Rakyat, Kepong
  • Bank Simpanan Nasional, Kepong Baru
  • KWSP Kepong, Taman Usahawan Kepong
  • Wisma TNB, Kepong
  • BP Healthcare Group, Taman Usahawan Kepong
  • Selayang Hospital

Public Transport:

  • KTM
  • MRT2 (Ready by 2022)
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Analysis

Price Analysis

Name of Development Land Tenure Property Type No. of Levels No. of Units Built up Price per square foot
The Henge, Taman Usahawan, Kepong Leasehold/Residential Condominium 45 1,472 1,100 sq. ft.and1,300 sq. ft. starts from RM445,000++
East Parc, Bandar Menjalara Leasehold/Commercial Condominium 43 432 600 sq ft – 1,522 sq ft Starts from RM424,900++
Mizumi Residences, Taman Usahawan,Kepong Leasehold/Residential Condominium 42 1,512 901 sq ft – 1,027 sq ft Starts from RM390,000++

Rental Rates

The average rental rates for condominium units in the Kepong area are between RM1,300 to RM2,000.

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Summary

At this point in time, Mizumi Residences offers the lowest starting price in Kepong that are located in neighbouring locales. Location-wise, due to the high number of people working and living in the Kepong township – this makes it a prime area to own a property for own stay as the demand for properties is present. As usual, personal safety and security is always in question in high density communities such as Kepong, therefore, caution and vigilance is always a good thing.

Get ready because this property is set for a prelaunch on Saturday, 8 October, 2016, beginning with a selling price of RM388,000+.

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Eric Wong

Arianna Leo

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