• Pavither
  • 25 February 2021

OUG Parklane (also referred to as Parklane OUG) is a freehold mixed development located in Jalan Puchong, Old Klang Road. It comprises serviced apartment, and 2- and 3-storey shop office units. It was developed in 3 phases by Akisama Land Sdn Bhd, a subsidiary of the Akisama Group of companies.

Despite its extensive scale, with 4,225 residential units and 204 commercial units, the project achieved a 100% sales status. The 30.08-acre freehold development is located where Old Klang Road (Jalan Klang Lama) links with Jalan Puchong.

It is sited just a stone’s throw away from Sutera Maya, a low-density development with 196 units that was completed in 2013. Comparatively, OUG Parklane serviced apartment was completed in 2015.

Overall completion year for OUG Parklane:

  • Phase 1 – End of 2014
  • Phase 2 – End of 2014
  • Phase 3 – Early 2015

Facilities at OUG Parklane’s serviced apartment are quite standard. It includes a swimming pool, wading pool, children’s playground, and a landscaped garden.

OUG Parklane (also referred to as Parklane OUG) is a freehold mixed development located in Jalan Puchong, Old Klang Road.

Address: Off Jalan Puchong, Taman OUG, Old Klang Road, 58200 Kuala Lumpur

Developer: Akisama Land Sdn Bhd, a subsidiary of the Akisama Group

Property Type: Serviced Residence

Developer: Akisama Group

Land Title: Commercial

No. of Blocks: 11

No. of Storeys:

  • Serviced apartment: 31 & 33
  • Shop office: 2 & 3

Total Units: 

  • Serviced apartment: 4,225
  • Shop office: 204 units (2-storey shop office: 65 units, 3-storey shop office: 139 units)

Tenure: Freehold

Year of Completion:

  • Phase 1: 2014
  • Phase 2: 2015

Built-up Area: 

  • Serviced apartment: 950 sq ft
  • 2-storey shop office: 2,558 sq ft – 7,579 sq ft
  • 3-storey shop office: 3,456 sq ft – 7,832 sq ft

Facilities:

  • Swimming pool
  • Wading pool
  • Pool terrace
  • Children’s playground
  • Landscaped garden
  • 24 hours security

Launch Price:

  • Serviced apartment: From RM258,400
  • Shop office: N/A

Launch Price Per Sq Ft:

  • Serviced apartment: From RM280 psf
  • Shop office: N/A

Maintenance Fee: RM0.18 psf

Project Details

OUG Parklane is a mixed-use development that was fully completed in 2015. It comprises 4,225 serviced apartment units with a built-up area of 950 sq ft each, housed across 11 towers. It also has 204 units of shop offices.

OUG Parklane (also referred to as Parklane OUG) is a freehold mixed development located in Jalan Puchong, Old Klang Road.

The project was developed in 3 phases.

Phase

Components

No. of units

Phase 1

(Zone E)

3 blocks of 31-storey serviced apartment

1,053

2-storey shop office

32

Phase 2

(Zone D)

2 blocks of 33-storey serviced apartment

778

2-storey shop office

33

Phase 3

(Zone A, B, C)

6 blocks of 33-storey serviced apartment

2,394

3-storey shop office

139

The serviced apartment consists of a total of 4,225 units and is the largest component of the development. Each individual apartment has a built-up of 950 sq ft and a layout of 3 bedrooms and 2 bathrooms.

The units were also installed with wardrobe, kitchen cabinet, air-conditioner units, water heaters, air-conditioner point with piping, and shower screens. During its launch, the developer offered free SPA and loan legal fees, and free maintenance for 2 years.

There are 2 types of shop offices – 2-storey and 3-storey. The 2-storey shop office has built-ups ranging from 2,558 sq ft to 7,579 sq ft, with 4 bathrooms, while the 3-storey shop office has built-ups ranging from 3,456 sq ft to 7,832 sq ft, with 6 toilets.

The amenities at OUG Parklane are plentiful and readily available. Within the vicinity are hospitals, clinics, banks, recreational centres, shop lots, and restaurants.

Component

Details

Launch Price

Serviced apartment

·       4,225 units

·       950 sq ft

·       3 bedrooms

·       2 bathrooms

 

 

 

From RM258,400

2-storey shop office

·       65 units

·       2,558 sq ft – 7,579 sq ft

·       4 bathrooms

3-storey shop office

·       139 units

·       3,456 sq ft – 7,832 sq ft

·       6 bathrooms

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Location

In terms of accessibility, OUG Parklane is accessible via Jalan Puchong, which connects to Shah Alam Expressway (KESAS), New Pantai Expressway (NPE), Middle Ring Road 2 (MRR2), North-South Highway, and the upgraded 6-lane Jalan Klang Lama. As for public transportation, there are 3 LRT stops within 3km – Awan Besar, Kampung Muhibbah, and Bukit OUG.

OUG Parklane (also referred to as Parklane OUG) is a freehold mixed development located in Jalan Puchong, Old Klang Road.

OUG Parklane is close to the many entertainment and business areas in the city. It is approximately 7km to Mid Valley City, 15km to KLCC, 9km to Sunway Pyramid, 25km to Putrajaya, and 40km to KLIA.

Here’s a look at how close OUG Parklane is to several popular spots:

  • 10 mins to Mid Valley City
  • 10 mins to Sunway Pyramid
  • 10 mins to IOI Mall
  • 15 mins to KLCC

Accessibility

  • Jalan Puchong
  • Shah Alam Expressway (KESAS)
  • New Pantai Expressway (NPE)
  • Middle Ring Road 2 (MRR2)
  • North-South Highway
  • Jalan Klang Lama
  • Sri Petaling LRT station
  • Kampung Muhibbah LRT station
  • Bukit OUG LRT station
  • Awan Besar LRT station 

Education

  • SK Seri Suria
  • SMK Taman Yarl
  • SR Sathya Sai
  • SK Seri Setia
  • SMK Sri Sentosa
  • SJK (C) Chong Wen
  • SJK (C) La Salle
  • SJK Danau Perdana
  • SMK Desa Perdana
  • Kuen Cheng High School
  • Megatech College
  • INTEC Education College
  • University of Malaya
  • UCSI University

Medical Care

  • Taman Desa Medical Centre
  • University Malaya Medical Centre
  • Pantai Hospital

Shopping

  • OUG Parklane
  • NSK Trade City
  • OUG Plaza
  • Scott Garden
  • Tesco
  • Mid Valley Megamall
  • Bangsar Village I & II
  • Bangsar Shopping Centre (BSC)
  • Pearl Point Shopping Mall
  • The Store Sri Petaling
  • Suria KLCC

Recreation

  • Sports Arena Sentosa
  • The Scott Garden
  • Bukit Gasing
  • Taman Jaya Park
  • Bukit Jalil Recreational Park
  • Bukit Jalil National Stadium
  • Axiata Arena
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Analysis

There are large bodies of water close to OUG Parklane. The Klang River is several hundred metres to OUG Parklane’s northwest, and the watershed of Sungai Kuyoh is at the south of the development. 

During its launch, Akisama had a Hong Kong star present, Raymond Lam, to draw in the crowd. The response to the investment potential of OUG Parklane is mixed, given the number of units, and there is only one type of design.

ZPPHO.95761676.R800X800

Available listings in PropertyGuru in February 2021 show that the asking monthly rental for the 950 sq ft serviced apartment units are from RM1,100 to RM1,500, while purchase prices are asking from RM309,000 to RM368,000.

For units purchased at RM350,000, and rented out at RM1,200 per month, the gross rental yield would be 4.11% per annum.

Here’s a look at residential properties in or close to Old Klang Road.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

OUG Parklane by Akisama Group

Freehold

Serviced Apartment

2015

950 sq ft

From RM258,400

Residence 8

Ong Chong Realty Sdn Bhd

Freehold

Condominium

2013

1,223 sq ft – 1,451 sq ft

From RM384,900

Sutera Maya Condominium by Home Flair Sdn Bhd

Freehold

Condominium

2013

From 1,341 sq ft

From RM430,000

Petalz Residences by Exsim Group of Companies

Freehold

Serviced Apartment

2016

895 sq ft – 1,256 sq ft

From RM581,750

Tiara Mutiara 2 by Mutiara Johan Group

Freehold

Serviced Apartment

2017

800 sq ft – 1,110 sq ft

From RM448,000

Residency V by Kerjaya Prospek Group Berhad

Freehold

Serviced Apartment

2017

645 sq ft – 909 sq ft

From RM500,000

D’Sands Residence by Orionluck Property Development

Freehold

Serviced Apartment

2018

730 sq ft – 1,335 sq ft

From RM444,000

CitiZEN@Old Klang Road by Binastra Land 

Freehold

Serviced Apartment

2019

852 sq ft – 1,133 sq ft

 

From RM511,200

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Summary

Akisama Land Sdn Bhd is part of the Akisama Group of companies, which is involved in construction, building supplies, and property development and investment industries.

Other developments by the Akisama Group include the 288 Residences (condo) in Kuchai, One Residences (serviced residence) in Sungai Besi, RC Residences (serviced residence) in Kuala Lumpur, Continental Heights Condominium in Kuchai Lama, Nagamas Villas in Kuchai Lama, Dynasty Garden Condominium in Kuchai Lama, Kuchai Avenue (mixed development) in Kuchai Lama, Kuchai Business Park, Sungai Besi Business Park, and Connaught Avenue (mixed development) in Cheras.

The location and pricing of OUG Parklane seem to be right. However, the number of units is an important consideration. With many of the same units, there will be a lot more competition when it comes to purchase or renting units out.

Here are estimated loan figures for a 950 sq ft serviced apartment at OUG Parklane, priced at RM350,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM35,000
  • Loan amount: RM315,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM1,362
  • Approximate required gross annual income: RM54,500*

* Assumptions: No other monthly debt obligations, and 30% of gross income spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

Calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator. Try them to estimate the figures that are right for you!

Want to find out what’s your DSR?

To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Home Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

 

Keep browsing Malaysia’s largest property site for more project reviews.

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Eric Wong

Pavither

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