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  • 16 June 2015

Park Residence @ Sunway Eastwood Clubhouse 2

Park Residence @ Sunway Eastwood was undertaken by Sunway Property, an award winning property developer known for building integrated, sustainable and liveable master-planned communities in Malaysia and elsewhere in the world. Its parent firm is Sunway Group, a firm founded in 1974 and one of Malaysia’s biggest conglomerates.

The development comprises 30 units of three-storey semi-detached homes sited on a 33-acre leasehold land, and comes with a residential title. Each residence measures from 3,193 sq ft to 4,142 sq ft, and each comes with at 4 bedrooms and 4 bathrooms. These are high-end products priced from RM2.14 million, which works out to about RM670 per sq ft (psf).

The luxury residential development was completed in 2017, so property buyers can immediately move-in.

Address: Jalan Equine, Taman Equine, 43300 Seri Kembangan, Selangor

Property Type: Semi-detached

Land Title: Residential

No of Storeys: 3

Total Units: 30

Tenure: Leasehold

Site GPS Coordinates: 3.0688367, 101.6101003

Expected Date of Completion: 2017

Built-up area: 3,193 sq ft – 4,142 sq ft

Facilities:

–      Amphitheater

–      Skating rink

–      Wading pool

–      Reading room

–      Yoga deck

–      Jogging track

–      Exercise station

–      Central park

–      Putting green

–      Water maze

–      Lap pool

–      Gym room

–      Multipurpose hall / Badminton hall

–      Half basketball court

–      Creative playground

 Launch Price: From RM2,143,000

Price psf: From RM670 per sq ft

Parking Bay/s per Unit: 3

Project Details

Park Residence @ Sunway Eastwood consists of 30 units of three-storey semi-detached houses located on a 33-acre leasehold land with residential title. Each residence has a built-up area of 3,193 sq ft to 4,142 sq ft, and each unit comes with at 4 bedrooms and 4 bathrooms. These are luxurious residential properties priced from about RM2.14 million, which translates to about RM670 psf.

Park Residence @ Sunway Eastwood Bedroom

The high-end development comes with numerous facilities. These include a private clubhouse worth RM5 million with a gym room, reading room and a multi-purpose hall/badminton hall. There’s a lap pool, wading pool, half Olympic-size swimming pool, water maze and creative playground, which will surely amaze your family and workmates. Besides 6.5 acres of trees and plants, the project also features an extensive central park, which comes with a jogging track, yoga deck, half basketball court, skating rink, putting green, an exercise station and amphitheatre.

Touted as the sole gated-and-guarded project within Seri Kembangan, Park Residence implements stringent security to protect the lives and belongings of its exacting clientele. Another selling point is the limited number of units at the development, with only 30 units.

Park Residence @ Sunway Eastwood Car Porch

Another selling point is the houses offer panoramic views over the nearby Bukit Hitam forest reserve. To safeguard the well-being and ecological footprint of the residents, the residential properties were also designed based on the LOHAS concept – Lifestyles of Health and Sustainability.

Moreover, the luxury development sport high-end features in its design, streetscape, landscape, architecture, and other components in a bid to satisfy the posh and refined lifestyle of its target market.

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Location

Situated in the posh township of Sunway Eastwood, Park Residence is located within the bustling area of Puchong South and Seri Kembangan.

 

One of the major selling points of this leasehold project is that it has multiple accesses from major highways. In fact, it is close to the Maju Expressway (MEX). Through this important road, the Kuala Lumpur City Centre (KLCC) is only 20km away, where residents can drive there in less than 25 minutes. Puchong, Cyberjaya and the federal seat of Putrajaya are 12.6km, 3.6km, and 18.6km away respectively. Bandar Sunway is a 22.2km drive, while the Kuala Lumpur International Airport (KLIA) is slightly farther at 38.7km.

 

The other major roads close to Park Residence @ Sunway Eastwood are Bukit Jalil Highway, Putrajaya Highway, South Klang Valley Expressway (SKVE) and Lebuhraya Damansara-Puchong (LDP).

 

Apart from being near the employment hub of Technology Park Malaysia (TPM), the luxury residential project is close to supermarkets and shopping malls such as IOI City Mall, IOI Mall Puchong, AEON Equine Park, a Giant Hypermarket, The Mines Seri Kembangan, Alamanda Putrajaya and Pavilion 2.

 

Finding a school for your children is also easy as the Alice Smith International School is just a 500m-walk from the residential project. Other nearby schools include Binary University College, the Multimedia University, Taylor’s International School Puchong, LimKokWing University of Creative Technology and the highly-anticipated Johns Hopkins Medical School.

 

The wealthy residents of Park Residence @ Sunway Eastwood can also play golf at the nearby Kinrara Golf Club and Palm Garden Golf Club. In case of medical emergencies, home owners at the development can quickly travel to Serdang Hospital, Columbia Asia Hospital Puchong and Columbia Asia Hospital Cheras Selatan.

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Analysis

To determine if affluent house hunters should consider buying a home in Park Residence @ Sunway Eastwood, we compared it with other leasehold residential projects within the vicinity, namely The Linq Kinrara Uptown and Dream City. 

Name

Property Type

Built-Up

Tenure

Launch Price

Total Units

Park Residence @ Sunway Eastwood

Semi-detached

From 3,193 sq ft

Leasehold

From RM2,143,000

30

The Linq Kinrara Uptown

Condominium

From 650 sq ft

Leasehold

From 357,500

684

Dream City

Condominium

From 550 sq ft

Leasehold

Starts from RM330,000

812

As you can see from the above table, if you are looking for affordable housing under RM500,000 or RM1 million, Park Residence is not suitable for you as you need about RM2.14 million to purchase a home there. But with its sky-high price tag, you are assured of a superb product befitting Malaysia’s wealthy and affluent.

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Summary

Park Residence @ Sunway Eastwood Clubhouse

We believe the three-storey semi-Ds at Park Residence @ Sunway Eastwood can be considered as trophy homes for own occupation and for use as a family home. Apart from having being built by a world-class developer, these high-end residential properties are made of high-quality materials and come with superior fittings and fixtures.

The high-end homes could have some potential as investment properties due to their proximity to department stores, malls and prestigious schools, particularly the highly-anticipated Johns Hopkins Medical School. However, the RM2.14 million price tag limits your rental prospects as well as possible capital appreciation. Expensive properties are also harder to sell due to the limited pool of wealthy home buyers and their exacting tastes.

Apart from being leasehold, another downside is that Sunway Eastwood is close to power transmission towers supporting high-tension cables (HTC). Nonetheless, electromagnetic readings at the project hover at a safe level, so the transmission towers are more of an eye-sore than a health hazard.

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Eric Wong

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