• writer
  • 30 September 2018

Panorama Residences is another new project in the busy and central township of Kelana Jaya. It is a development of Low & Low Corporation Berhad, and will comprise a commercial titled serviced apartment that is governed by the HDA. There will be 2 blocks of 36 storeys to this development, with a total of 473 units and 3+1 lifts serving each floor. This freehold development will have sizes of units starting from 749 sq ft to 1,030 sq ft, and an entry price starting from RM550,000. Panorama Residences is estimated to be completed by the year 2022.

Panorama Residences, Kelana Jaya External Facade 2

Address: Jalan Stadium SS7/15, Kelana Jaya, Selangor

Property Type: Serviced apartment

Land Title: Commercial (under HDA)

No of Storeys: 36

No of Blocks: 2

Total Units: 473

No of Lifts per floor: 3+1

Tenure: Freehold

Sales Gallery: N/A

Site GPS Coordinates: 3.095469, 101.592505

Expected Date of Completion: 2022

Built-up area: 749 sq ft – 1,030 sq ft

Facilities:

  • 50 meter Length Swimming Pool
  • Shower Pit
  • Jacuzzi
  • Pool Deck
  • Cabana
  • Kid’s Pool
  • BBQ Terrace
  • Covered Walkway
  • Hammock Garden
  • Changing Room
  • Chilled Out Deck
  • Function Area Toilet
  • Function Hall
  • Surau
  • Multipurpose Hall
  • Multi-Function Deck
  • Management Office
  • Laundry
  • Pre-Function Terrace
  • Playground
  • Garden Terrace
  • Viewing Lounge

Launch Price: From RM550,000

Price psf: From RM728 per sq ft

Maintenance Fee psf: RM0.38 per sq ft

Parking Bay/s per Unit: 1 – 2

Project Details

Panorama Residences is a development of serviced apartments that will take up 3.05 acres of freehold land and carry a gross development value (GDV) of RM300 million. Sited on commercial titled land, Panorama Residences will however carry a HDA title, hence residents will be charged residential utility rates. The development will comprise 2 blocks of 36 storeys, and a total of 473 units. Every floor will be serviced by 3+1 lifts, so peak hour traffic will be smooth.

There are 3 different layouts to choose from at Panorama Residences, where every choice of layout has a mirror image counterpart where the layout is flipped. Type A/A1 is the smallest at 749 sq ft, and will house 2 bedrooms and 1 bathroom. This is followed by Type B/B1, which is sized at 928 sq ft. These are the second largest of the units and houses 2 bedrooms and 2 bathrooms. Type C/C1 are the largest of units at 1,030 sq ft, and ideal for a family, it will have 3 bedrooms and 2 bathrooms.

Type

Built-Up

No. of Rooms

A/A1

749 sq ft

2R, 1B

B/B1

928 sq ft

2R, 2B

C/C1

1,030 sq ft

3R, 2B

A development that is ideal for both small and medium sized families, the facilities will cater to all the different age groups. For the toddlers there is the kid’s pool and playground, and for adults there is a hammock garden, chill out deck and Jacuzzi among others. Large gatherings are also made possible by the nicely sized barbecue area, garden terrace and pre-function terrace. The facilities will be price at RM0.38 per sq ft monthly.

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Panorama Residences, Kelana Jaya Gym

Every unit at Panorama Residences will come with either 1 or 2 parking lots, and will have a minimum launch price of RM550,000. The expected date of completion is set for the year 2022.

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Location

Panorama Residences is a very ideally located development for city dwellers. This comes from its location in the heart of Kelana Jaya, in an area that has light commercial developments and business hubs, and is surrounded by highways. Almost directly outside of the development is the Damansara-Puchong Highway (LDP), which connects to the Federal Highway. And then there is the New Klang Valley Expressway (NKVE), and the Subang Airport Road.

The beauty of these highways is that they will connect the residents of Panorama Residences to Bandar Sunway in only 10 minutes; 5 minutes if the traffic is clear and the traffic lights are green. Getting to other suburbs such as Bukit Jalil and Kota Kemuning is also a breeze.

Panorama Residences, Kelana Jaya Location Map

In fact, one of its key selling points would be its proximity to Bandar Sunway. For those who wish for a quieter home away from the hustle and bustle but still wish to be close to Bandar Sunway, Panorama Residences is for them. By staying here, they will be able to get to all the institutions of higher education in the neighbouring towns, such as INTI Subang, Monash University, Sunway University, and Taylors University.

And there are also all the healthcare institutions around the corner, such as the Ara Damansara Medical Centre, the Sunway Medical Centre, KPJ Damansara Specialist Hospital and the Subang Jaya Medical Centre. All of these hospitals and more are only about 10 minutes or more from Panorama Residences.

The nearby shopping malls to Panorama Residences that will appeal to property owners at Panorama Residences also includes the famous Sunway Pyramid shopping mall, and the neighbourhood malls of Evolve Concept Mall, Citta mall, Paradigm Mall and the Empire Shopping Mall. For better everyday shopping options, residents can head over to the Giant hypermarket on the other side of the LDP, where they will also be able to find a wide variety of F&B options.

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Analysis

Panorama Residences is an ideally priced one, especially when taking into account its comparatively low density and spacious sizes.

Name

Land Tenure

No. of Blocks

No. of Units

Built Up

Selling Price

Panorama Residences

Freehold

2

473

Starts from 749 sq ft

From RM550,000

Sunway Serene, Kelana Jaya

Leasehold

2

894

Starts from 892 sq ft

From RM732,000

Highpark Suites, Kelana Jaya

Freehold

2

Phase 1: 512

Starts from 452 sq ft

From RM433,800


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Summary

Panorama Residences, Kelana Jaya Facade

There are many new and upcoming developments in Kelana Jaya, with Panorama being one of the highly anticipated ones. The reception for this development is very good, with many prospective buyers requesting for information even before the launch of this project. The outstanding points of Panorama Residences is not just its location, but affordable entry price.

 

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Eric Wong

writer

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