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Continue Reading ⋅ 30 January 2023
Sime Darby Property officially launched Quarza Residence at its KL East development in May 2016, in conjunction with its Lifestyle Collection Campaign. KL East is a 153-acre fully integrated residential, lifestyle, and commercial enclave. Located about 15km from the Kuala Lumpur city centre (KLCC), KL East prides itself for being a development with a facility dedicated to rainforest regeneration, and one that promotes sustainable living.
More than half of the 153-acre KL East development is home to natural rainforest, parks, and gardens. It sits at the foothills of the Klang Gates quartz ridge – the longest quartz ridge in the world.
Quarza Residence offers a living concept where creative design meets organic space, creating vibrant energies for individuals and families looking to escape the hustle and bustle of the city. The facilities include a 50-metre lap pool, family and wading pool, half basketball court, futsal court, gymnasium, playground, and jogging track.
The development sits atop Quarza Mall, which will occupy the lower levels of the development. It will house a myriad of retail brands and F&B outlets. The total Gross Development Value (GDV) for both developments is RM700 million.
Quarza Residence is developed by Sime Darby Property, and other serviced residences located at KL East are The Ridge and The Veo.
Address: Lot PT 9341, Jalan Lingkaran Tengah 2, Sunway Montana (U/C), 53100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Property Type: Serviced apartment
Land Title: Residential
No of Storeys: 38
No of Blocks: 2
Total Units: 508
Tenure: Freehold
Sales Gallery: Sime Darby Property at KL East, Off Middle Ring Road 2, Desa Melawati, 53100 Kuala Lumpur
Site GPS Coordinates: 3.226586, 101.728926
Expected Date of Completion: 2020
Built-up area: 651 sq ft – 865 sq ft
Facilities:
- Futsal court
- Multi-purpose hall
- Half basketball court
- Children’s playground
- 50m lap pool
- Sunset pavilion
- 35m tectonic family pool
- Spa pavilion
- Wading pool and water play
- Spa lounge
- Terrace garden
- Sky garden
- Rooftop garden
- 830m loop jogging track
- BBQ pavilion and lounge
- Aqua gym equipment (Aqua rower, aqua cycle, aqua pull down, aqua ABS)
- Kinetics playground (Combination equipment, mini double swing, wobbly walking path, slide, bench & perpetual spheres, mini spinner)
- Kinetics outdoor fitness equipment (Sit up, body curl, chin up, jump touch, log hop, spring up)
Launch Price: RM516,888 – RM1,017,888
Price psf: From RM793 per sq ft
Maintenance Fee psf: RM0.35 per sq ft
Parking Bay/s per Unit: N/A
Project Details
Quarza Residence spans across 6.7 acres of freehold land, and it features 2 blocks of 38-storey residential towers, with a total of 508 units. Each tower houses 254 units, with a mix of 1-bedroom units with a built-up area of 651 sq ft, and 2-bedroom units with 2 bathrooms, with built-up areas from 850 sq ft to 865 sq ft. The launch price for a unit of Quarza Residence started from RM516,888, with every unit pre-equipped with air-conditioning, kitchen cabinet with appliances such as hood, hob, oven and refrigerator, plus a washing machine, and dryer.
Tower A of Quarza Residence was launched in May 2016. Built-ups for the units range from 651 sq ft to 850 sq ft. As for Tower B, it was launched in early 2018, with three unit sizes – 650 sq ft, 850 sq ft, and 865 sq ft. Prices are from RM900 psf. The gross development value of Tower B is estimated at RM200 million.
Quarza Residence is a family-centric development, and will feature many family-friendly facilities. The most intriguing one is the Kinetics Playground for adults, which will include a combination of facilities including a mini double swing, wobbly walking path, slide, bench and perpetual spheres, mini spinner. The Kinetics outdoor fitness equipment in this area includes machines for sit-ups, body curls, chin ups, jump touches, log hops, and spring-ups.
Quarza Residence is expected to be completed in 2020. The maintenance fee is RM0.35 per sq ft monthly.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A |
● 1 bedroom ● 651 sq ft |
From RM516,888 |
|
Type B |
● 2 bedrooms ● 865 sq ft |
|
|
Type C |
● 2 bedrooms ● 850 sq ft |
Location
Quarza Residence is situated in KL East, an integrated township development within the Kuala Lumpur city limits. It covers 153 acres, has direct access to the Middle Ring Road 2 (MRR2), and is only 15km from KLCC and the PETRONAS Twin Towers.
Quarza Residence’s residents will also have easy access to places in and around Kuala Lumpur via major highways such as Ampang-Kuala Lumpur Elevated Highway (AKLEH), Duta-Ulu Kelang Expressway (DUKE), New Klang Valley Expressway (NKVE), and Sungai Besi – Ulu Kelang Elevated Expressway (SUKE).
KL East is home to the Kolej Yayasan Saad (KYS) International School, the first campus to be developed in Kuala Lumpur. Other nearby education facilities include the International Islamic University Malaysia (UIA), and Tunku Abdul Rahman University College (TARC), which are about 5km from KL East.
KL East is an integrated Transit Adjacent Development (TAD) due to its proximity to the Gombak Integrated Transport Terminal (GITT), which comprises the Gombak Light Railway Transit (LRT) station (on the Kelana Jaya LRT line), Rapid KL taxi hub, a bus terminal for buses to Genting Highlands. These are all within easy reach via a 800m covered pedestrian walkway. It is also located just 15 minutes from KLCC, and about 5 minutes to the Gombak and Sri Rampai LRT stations.
Accessibility
- Middle Ring Road 2 (MRR2)
- Duta-Ulu Klang Expressway (DUKE)
- Ampang-KL Elevated Highway (AKLEH)
- Kuala Lumpur Outer Ring Road (KLORR)
- New Klang Valley Expressway (NKVE)
- Setiawangsa-Pantai Expressway (SPE)
- Sungai Besi-Ulu Kelang Elevated Expressway (SUKE)
- Karak Expressway
- Gombak Integrated Transport Terminal (GITT)
- Taman Melati LRT station
- Wangsa Maju LRT station
- Sri Rampai LRT station
Education
- Kolej Yayasan Saad (KYS) International School in KL East
- International School of Kuala Lumpur (ISKL)
- Islamic International School
- Islamic International University Malaysia
- TAR University College
- Malaysia Institute of Art (MIA)
- Fairview International School
- Consist College
- Saudi School Kuala Lumpur
- Geomatika College International
- Universiti Teknologi Malaysia
Medical Care
- Damai Service Hospital
- Hospital Angkatan Tentera Tuanku Mizan
- Columbia Asia Hospital
- Gleneagles Kuala Lumpur
- Ampang Puteri Specialist Hospital
Shopping
- Quarza Mall
- KL East Mall
- Giant Hypermarket
- Great Eastern Mall
- Melawati Mall
- Festival City Mall
- Alpha Angle / AEON
- Suria KLCC
- Giant Hypermarket
- Setapak Central
- Wangsa Walk Mall
- AEON Big
- AEON AU2
Recreation
- 53-acre rainforest park in the development
- National Zoo
- Bukit Tabur
- Genting Highlands
Analysis
The developer expects to see more people coming to KL East once developments in the area are fully complete. The growth in population will help transform KL East into a future business and education hub, making the mall perfectly poised to reap the benefits of its thriving population. Key tenants of the KL East Mall include Jaya Grocer, Camp5, MBO, Blue Ice-Skating Rink, Toys ‘R’ Us, Harvey Norman, Jungle Gym and Café Chef Wan. As at November 2019, KL East Mall has over 75% occupancy.
The first phase of the KL East project is The Veo, while KL East’s second phase is called The Quarza, an integrated development with serviced apartment (Quarza Residence). and a mall. For the third phase, Sime Darby Property launched The Ridge, which is another residential project.
The developer is targeting young families and first-time homebuyers for Quarza Residence.
Here’s a look at properties in/close to KL city centre.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Quarza Residence @ KL East by Sime Darby Property |
Freehold |
Serviced Apartment |
2020 |
651 sq ft – 865 sq ft |
From RM516,888 |
|
The Veo @ KL East by Sime Darby Property |
Freehold |
Apartment |
2016 |
753 sq ft – 1,442 sq ft |
From RM516,888 |
|
Freehold |
Serviced Apartment |
2020 |
651 sq ft, 850 sq ft & 865 sq ft |
From RM516,888 |
|
|
Leasehold |
Serviced Apartment |
2019 |
557 sq ft – 1,126 sq ft |
From RM420,000
|
|
|
Freehold |
Serviced Apartment |
2023 |
732 sq ft– 1,227 sq ft |
From RM430,000 |
|
|
Freehold |
Condominium |
2019 |
1199 sq ft – 2,454 sq ft
|
From RM855,760
|
Summary
When you buy a property in KL East, you are not just buying the project but the entire development – the amenities and facilities present in this self-sustaining integrated development. Property buyers opine that Quarza Residence is a good buy as it is from a renowned developer, is reasonably priced, has a green value proposition, and is strategically located – making it a choice home, especially for those who are working in the city proper.
If you are interested in a unit at Quarza Residence that is priced from RM520,000, your monthly repayment amounts to approximately RM2,316 per month. This is based on a 30-year, 90% LTV loan of RM468,000 with an interest rate of 4.3%. The monthly repayment figure is derived from the PropertyGuru’s Home Loan Calculator.
Based on PropertyGuru’s Home Loan Eligibility and Affordability Calculator, you would need an approximate gross annual income of RM82,000, with no other monthly debt obligations, to be eligible for a loan amounting to approximately RM472,000. This is assuming that you use 30% of your gross income to repay the loan.
To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
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