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Continue Reading ⋅ 30 January 2023
Pinnacle, Sri Petaling is an addition to the Pinnacle series in the Klang Valley. The developer of Pinnacle is Pinnacle Homes Sdn Bhd, who now have 3 developments in the Pinnacle series. Pinnacle in Sri Petaling will be a serviced residence of commercial and leasehold title, that will stand 38 storeys tall and comprise of 3 blocks. There is be a total of 832 units, with units ranging between 692 sq ft and 1,022 sq ft. Anticipated to be completed by the year 2021, the launching price of the Pinnacle, Sri Petaling is RM499,800.
Address: Jalan Radin Anum 1, Bandar Baru Sri Petaling, 57000 Kuala Lumpur
Property Type: Serviced Residence
Land Title: Commercial
No of Storeys: 38
No of Blocks: 3
Total No. of Units: 832
Tenure: Leasehold
Sales Gallery: No. 2 & 4, Jalan Radin Anum 2, Bandar Baru Sri Petaling, 57000 Kuala Lumpur
Site GPS Coordinates: 3.068233, 101.694229
Expected Date of Completion: Dec 2020
Built-up area: 692 sq ft – 1,022 sq ft
Facilities:
- Clubhouse
- Multipurpose hall
- Yoga deck
- Daycare centre
- Surau
- Gym room
- Swimming pool
- Kid´s pool
- Jacuzzi
- Children´s playground
- Toilets & changing rooms
- Jogging track
- Zen garden
- BBQ pit
- Viewing deck (above level 38)
Launch Price: RM499,800 – RM792,800
Price psf: From RM720 per sq ft
Maintenance Fee psf: RM0.28 per sq ft
Parking Bay/s per Unit: Minimum 1
Project Details
Situated on the main road of Sri Petaling on Jalan Radin Anum 1 is the upcoming Pinnacle development. It is a leasehold serviced residence of commercial title that will house a total of 832 units, a density that is slightly on the high side but will suit the personalities of those who choose to stay in the neighbourhood.
The 832 units will be spread out over 3 blocks of 38-storey towers, with units sized between 692 sq ft to 1,022 sq ft. The unit sizes cater to both families as well as bachelors, with a launch price of between RM499,800 to RM792,800. This will translate to an average price per sq ft of approximately RM720. Each unit will have a minimum of 1 parking lot.
Pinnacle, Sri Petaling will be a full fledged high rise complete with facilities, including a clubhouse that comes with a daycare centre. There will also be exercise facilities such as the gym, jogging track and swimming pool. Located above Level 38 will be a viewing deck, and secreted within the grounds of Pinnacle, Sri Petaling will be a zen garden.
The space at the Pinnacle, Sri Petaling is fully utilised, as there is only 2.6 acres of land. There will be no pocket gardens to break up the space, or quiet corners for residents to take a breather at. The bottom storeys of Pinnacle, Sri Petaling will comprise a shopping mall and retail lots, all of which will be retained by the developer to control the tenant mix.
Visitors will have two basement levels of parking lots, while the resident parking lots are from Level 3 to 9. The facilities are located on Level 10, of which the residential development level begins. Pinnacle, Sri Petaling is expected to be completed by December 2020.
Location
Pinnacle, Sri Petaling is a development that puts a lot of emphasis on its location. The neighbourhood is one of the most popular business hubs in the Klang Valley, rivalled by places such as SS15 in Subang and Taipan.
Pinnacle, Sri Petaling is easily accessible via several highways, with some of the most heavily travelled ones being the Shah Alam Expressway (KESAS), and the KL – Seremban Highway. The Maju Expressway (MEX) that provides easy access to the Kuala Lumpur International Airport (KLIA), Cyberjaya and Putrajaya is also a short distance away. Among the others are the New Pantai Expressway (NPE) and the Middle Ring Road 2 (MRR2).
With the highways, getting to Petaling Jaya and Subang takes only 20 minutes, and KLIA under an hour. Neighbouring Bukit Jalil, Pinnacle, Sri Petaling is in fact close to all the major suburbs of the Klang Valley.
Pinnacle, Sri Petaling is ideal for those of the younger generation who love the bustling city life and the night life, which is what Sri Petaling is famous for. Within this area are some of the most popular food chains such as Jojo pan mee, Inside Scoop, Moonlight cafe and Tiny Temptress.
But what makes Pinnacle, Sri Petaling popular is not its food chains which can be found in other areas, but its variety of food choice which is only available in the neighbourhood. This is because due to its bustling younger and more adventurous crowd, many experimental new food shops choose to open their first outlets in Sri Petaling. Entertainment in form of karaoke outlets are also comparatively aplenty in Sri Petaling, with at least 3 different outlets.
What Sri Petaling does not offer are shopping malls; instead, it has a Tesco hypermarket. The closest shopping mall would be the Mid Valley Shopping Centre approximately 20 minutes away, or Sunway Pyramid a similar distance away.
Analysis
Sri Petaling is an area that has almost no new developments. Pinnacle, Sri Petaling is among the first and is the trendsetter of the area. The closest new developments to Sri Petaling is in the neighbouring Bukit Jalil. As can be viewed below, the prices are similar.
|
Name |
Land Tenure |
No. of Blocks |
No. of Storeys |
Selling Price |
|
Pinnacle, Sri Petaling Completion date: 2020 |
Leasehold |
3 |
38 storeys |
Starts from RM499,800 |
|
Paraiso Residence, Sri Petaling Completion date: 2020 |
Leasehold |
3 |
40 storeys |
Starts from RM499,200 |
|
Residensi Bintang, Sri Petaling Completion date: 2022 |
Leasehold |
2 |
50 storeys |
Starts from RM553,000 |
Summary
As a pioneer development in the area, there is much anticipation for Pinnacle, Sri Petaling. There are however concerns for the traffic, as the place is already draws crowds from other suburbs. However, for the this same reason, property investors expect Pinnacle, Sri Petaling to be a good investment.
