OUG Parklane, Old Klang Road

Review

Pavither
⋅
19 February 2022

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.

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

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.

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
Phase 1 (Zone E)	2-storey shop office	32
Phase 2 (Zone D)	2 blocks of 33-storey serviced apartment	778
Phase 2 (Zone D)	2-storey shop office	33
Phase 3 (Zone A, B, C)	6 blocks of 33-storey serviced apartment	2,394
Phase 3 (Zone A, B, C)	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

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 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

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.

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

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!

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