Petalz Residences, Old Klang Road

  • Pavither
  • 20 January 2021

Petalz Residences is located at Old Klang Road, and when it was launched in 2013, it was a success. Developed by Exsim Group, the project completed in 2016 and it has a gross development value (GDV) of RM300 million.

This project is defined by its distinctive roof; a petal’s shape through the metaphoric process. This shape gave the development of its identity and was a guide for the design. Besides symbolism, the roof also functions as a shade for sky-level activities.

Petalz Residences offers many pockets of relaxation and communal spaces so that residents can lead a healthy lifestyle without having to venture out.

Petalz Residences offers many pockets of relaxation and communal spaces so that residents can lead a healthy lifestyle without having to venture out. There’s a jacuzzi and sky jacuzzi, an indoor lawn area, herb garden, futsal court, boxing ring, sprint track, sky pool and many more. Its rooftop facilities serve as communal spaces and offer panoramic views of the city skyline and greenery of Gasing Hill.

The project was designed with features that adhere to the Green Building Index’s (GBI) accreditation guidelines for the expression of the development features and also the construction methods.

The 3-acre Petalz Residences is close to shopping malls such as OUG Plaza, Amcorp Mall, Mid Valley Megamall and Sunway Pyramid, and the KL Sentral KTM Station. Due to the development’s connectivity, residents will be able to get to Mid Valley Megamall in about 10 minutes, Sunway Pyramid via the LDP in about 15 minutes, and Cheras in about 10 minutes via the East-West Link Expressway. An added bonus, Petalz Residences’ residents will be able near some of the best food in town just metres from their homes.

Petalz Residences is located at Old Klang Road, and when it was launched in 2013, it was a success

Address: Jalan Klang Lama, No. 2, Jalan 1/13a, 58000 Kuala Lumpur

Property Type: Serviced Apartment

Land Title: Residential

Land Area: 3.04 acres

No. of Blocks: 2

No. of Storeys: 37

Total Units: 565

Tenure: Freehold

Year of Completion: 2016

Built-up Area: 895 sq ft – 1,256 sq ft

Facilities:

  • Petalz pavilion
  • Open plaza
  • Meeting hub
  • Reading room
  • Boxing ring
  • Half basketball court
  • Badminton court
  • Sprint track
  • Eco / gourmet kitchen
  • Grand lawn
  • Open lawn
  • Swimming pool
  • Reflective pool
  • Wading pool
  • Jacuzzi
  • Pool deck
  • Futsal court
  • Child play area
  • Children’s enrichment centre
  • Teppanyaki cuisine corner
  • Gymnasium
  • Herbs garden
  • Wavy canal
  • Indoor lawn area
  • Petalz canopy
  • Viewing vista
  • Nursery
  • Hanging garden
  • Lift lobby’s leisure deck
  • Landscape deck
  • Sky BBQ
  • Star gazer deck
  • Games room
  • Sky lounge
  • Sky pool
  • Sky jacuzzi

Launch Price: From RM581,750

Maintenance Fee: 35 sen psf

Project Details

Petalz Residences stands at 37 storeys, and there are 2 blocks. The total number of units are 565, and buyers can choose from 10 different layout types. The built-up sizes are from 895 sq ft to 1,256 sq ft, with 2 to 4 bedrooms.

The total number of units are 565, and buyers can choose from 10 different layout types.

Apart from a long and unique list of facilities, Petalz Residences is also covered by 24-hour security, which is always a good addition for enhanced peace of mind.

The units were handed over to buyers in early 2017.

Unit Types

Built-Up

Launch Price

Type A1

·       1,073 sq ft

·       4 bedrooms

·       2 bathrooms

·       Yard

 

 

 

 

 

 

 

From RM581,750

Type A2

·       935 sq ft

·       3 bedrooms

·       1 study room

·       2 bathrooms

·       Yard

Type A3

·       1,073 sq ft

·       4 bedrooms

·       1 study room

·       3 bathrooms

·       Yard

Type B1

·       1,105 sq ft

·       2 bedrooms

·       2 utility rooms

·       1 study room

·       2 bathrooms

Type C1

·       935 sq ft

·       3 bedrooms

·       1 utility room

·       2 bathrooms

Type C2

·       992 sq ft

·       3 bedrooms

·       1 utility room

·       2 bathrooms

 

Type D1

·       895 sq ft

·       2 bedrooms

·       1 utility room

·       2 bathrooms

 

Type D2

·       928 sq ft

·       2 bedrooms

·       1 utility room

·       2 bathrooms

 

Type E1

·       1,092 sq ft

·       4 bedrooms

·       2 bathrooms

·       Yard

 

Type E2

·       1,256 sq ft

·       4 bedrooms

·       1 study room

·       3 bathrooms

·       Yard

 

The total number of units are 565, and buyers can choose from 10 different layout types.

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Location

Petalz Residences is surrounded by a variety of amenities, ensuring residents do not have to worry as everything is easily available in the locality. There are many educational institutions in the area, and it is considered to be a good place for those who love shopping as there are many shopping malls within a short drive.

Petalz Residences was developed strategically, bearing in mind the importance of accessibility.

Petalz Residences was developed strategically, bearing in mind the importance of accessibility. As for public transport, residents can take the Mid Valley KTM Station, Seputeh KTM Station, Angkasapuri KTM Station and Pantai Dalam KTM Station. Plus, the development is easily accessible and connected via major roads and highways such as the ones listed below.

Residents can travel to Petaling Jaya and Bandar Sunway from on one end of the road that it is located on, and also get to the Kuala Lumpur city centre (KLCC) in about 20 minutes, by accessing the other end of the road.

Accessibility

  • New Pantai Expressway (NPE)
  • East-West Link Expressway
  • Shah Alam Expressway (KESAS)
  • Maju Expressway (MEX)
  • Federal Highway
  • Kajang Dispersal Link Expressway (SILK)
  • KL-Seremban Expressway
  • Jalan Templer
  • Jalan Gasing
  • Jalan Klang Lama
  • Petaling KTM station
  • Templer KTM station
  • BK2 LRT station
  • BK5 LRT station
  • IOI Puchong station
  • Subang Airport  

Education

  • Kolej Megatech
  • Vikas International School
  • KL Gateway University
  • Sunway University
  • SJKC La Salle
  • SMK Sri Sentosa
  • SK Seri Setia
  • SJK (C) Yoke Nam
  • Social Institute of Malaysia
  • International Medical University (IMU)

Medical Care

  • Taman Desa Medical Centre
  • ASSUNTA Hospital
  • KL Pantai Hospital
  • Pantai Hospital Bangsar
  • Beacon Hospital          
  • University of Malaya Medical Centre (UMMC)          
  • University Malaya Specialist Centre (UMSC)          
  • Sunway Medical Centre                                         
  • Subang Jaya Medical Centre                     

Shopping

  • OUG Plaza
  • Pearl Point Shopping Mall
  • NSK Trade City
  • The Store Sri Petaling
  • Amcorp Mall
  • Mid Valley Megamall
  • Sunway Pyramid
  • Suria KLCC
  • Sunway Velocity Mall
  • MyTOWN Shopping Centre

Recreation

  • Sports Arena Sentosa
  • The Scott Garden
  • Bukit Gasing Forest Park
  • Taman Jaya Park
  • Bukit Jalil Recreational Park        
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Analysis

Petalz Residences fronts the Lebuhraya Damansara-Puchong (LDP), which could mean some noise and air pollution. However, the development is considered attractive from an investment point of view.

Screenshot 2021-01-11 at 10.01.04 PM

The monthly rental for partially furnished 1,092 sq ft units starts from RM1,900 to RM2,100. The price for such units are from RM610,000 to RM710,000, based on a search on PropertyGuru in January 2021.

So, for a unit purchased at RM650,000, with a monthly rental of RM1,900, the gross rental yield would be 3.5% per annum.

Formula: (12 months’ rent / Property price) x 100%  = % rental yield

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

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

Petalz Residences by Exsim Group of Companies

Freehold

Serviced Apartment

2016

895 sq ft – 1,256 sq ft

From RM581,750

GenKL by CapitaLand Commercial (M) Sdn Bhd and Juta Asia Corporation Sdn Bhd

Freehold

Condominium

2019

1,150 sq ft – 1,894 sq ft

From RM900,000

Residency V by Kerjaya Prospek Group Berhad

Freehold

Serviced Apartment

2017

645 sq ft – 909 sq ft

From RM500,000

D’Sands Residence 

Freehold

Serviced Apartment

2018

730 sq ft – 1,335 sq ft

From RM444,000

Tria @ 9 Seputeh by MRCB

Leasehold

Condominium

2021

764 sq ft – 4,489 sq ft

 

From RM642,800

 

Platinum Arena by Platinum Victory Group

Leasehold

 

Serviced Residence

 

2022

650 sq ft – 1,008 sq ft

 

From RM385,800

 

CitiZen 2 by Binastra Land 

Freehold

Serviced Apartment

2020

725 sq ft – 883 sq ft

Average of RM435,000

Avara Seputeh by Ba Sheng

Freehold

Serviced Apartment

2020

667 sq ft to 1,216 sq ft

From RM650,000

The Nest Residences by Nagano Development

Freehold

Serviced Apartment

2019

755 sq ft – 1,288 sq ft

 

From RM385,310

 

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Summary

Exsim was established as a timber company and the group ventured into property development in 2009, focusing on residential, commercial and industrial projects in the Klang Valley. Its developments include Nouvelle Industrial Park @ Kota Damansara, Nouvelle Kemuning Industrial Park @ Kota Kemuning,The Treez @ Bukit Jalil, The Leafz @ Sungai Besi, Twin Arkz @ Bukit Jalil, Expressionz Professional Suites @ Tun Razak, The Arcuz @ Kelana Jaya, Millerz Square @ Old Klang Road, D’Nuri Residences @ Desa Petaling, and Ceylonz Suites @ Bukit Ceylon.

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Here are some estimated loan figures for a Petalz Residences unit priced at RM650,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM65,000
  • Loan amount: RM585,000
  • Loan term: 35 years
  • Interest rate: 3.2%
  • Monthly repayment: RM2,317
  • Approximate required gross annual income: RM93,000*

These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.

If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. It is FREE to use and has a 99.9% accuracy, which helps in avoiding loan rejections.

* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

 

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

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Eric Wong

Pavither

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