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Continue Reading ⋅ 28 October 2020
Residensi AVA is located at the 73-acre township of Kiara Bay, at the central business district of Kiara Bay called The Walk. Residensi AVA will occupy a 4.4-acre leasehold parcel in Kiara Bay. The project is jointly developed by UEM Sunrise Bhd and Melati Ehsan Group.
Residensi AVA offers elevated urban eco-living for all ages and life stages, where its 2 towers offer a balance between living and leisure. It also comes with multiple liveable features and a recreation deck that is complete with a 50m infinity-edge lap pool, badminton court, a half basketball court, dining pavilion, and yoga and Tai Chi deck. There’s also a wading pool with water play, kid’s lawn and games for the kids. There is a level of neighbourhood retail spaces for residents’ daily needs as well.
Residensi AVA is targeted at mainly upgraders who currently reside in the Kepong area and those who are working in Kuala Lumpur city centre (KLCC). It has a gross development value (GDV) of RM656 million and comprises two 41-storey towers with a total of 870 units. Units will have built-ups ranging from 813 sq ft to 1,285 sq ft and are priced from RM567,800. As at May 2020, Residensi AVA’s Block A achieved a 40% take-up rate since its launch in November 2019. The development is slated for completion in mid-2024.
As for Kiara Bay, it leverages on the lake, and nature to provide an active lifestyle with the convenience of a connected environment. It consists of 3 districts offering waterfront elevated city living:
- The Waters – the lakefront district
- The Walk – commercial hub
- The Village – designed for active multi-generational living
AEON Big and Starbucks will be the anchor tenants for the interim retail at Kiara Bay, while WeChat plans to set up a smart food ordering system which contributes towards the convenience and lifestyle. Celcom will provide connectivity and smart solutions towards creating a digital ecosystem for individuals, residences and businesses with its converged 5G solutions. These are expected ready to roll out as Kiara Bay’s development completes in 2023. GreenTech Malaysia and TNB Energy Services (TNBES) will be installing multiple electronic vehicle (EV) charging stations around the development.
Click here for more information on Kiara Bay.
Address: Jalan Benteng Utara, Kiara Bay, 52000 Kuala Lumpur
Property Type: Service Residence
Land Title: Commercial
Blocks: 2 (41-storey towers)
Total Units: 870
Tenure: Leasehold
Sales Gallery: Kepong Metropolitan Lake-Garden, 52100 Kuala Lumpur
Year of Completion: 2024
Built-up Area: 813 sq ft – 1,285 sq ft
Facilities:
- 50m infinity-edge lap pool
- Badminton court
- Half basketball court
- Dining pavilion
- Yoga and Tai Chi deck
- Wading pool with water play
- Kid’s lawn
- Games room
- Sky deck
- Barbeque area
- Landscape terrace
- Aqua lounge
- Meditation deck
- Gymnasium
- Picnic lawn
- Sauna / changing rooms
Launch Price: From RM567,800
Launch Price Per Sq Ft: From RM650 psf
Maintenance Fee: RM0.28 per sq ft
Project Details
Residensi AVA optimises space usage with practical and appealing designs. The leasehold units come in 7 different layouts that range from 813 sq ft to 1,285 sq ft. The development’s facilities include a 50m infinity-edge lap pool, wading pool, badminton court, half basketball court, gymnasium, children’s playground, meditation deck, yoga deck, games room, reading room, multipurpose hall and dining pavilion. These are spread across 3 levels – Level G, Level 2, and Level 8.
In terms of safety, Residensi AVA offers security features such as:
- Multi-tiered security system including HD CCTVs
- 2-way intercom communication with the guardhouse in each unit
- Monitored card access system at main lobbies
- Separate entrance for residents and service vehicles
- Boom gates with CCTV monitoring
- Perimeter fencing and intruder detection system
The project is designed to cater for residents from all walks of life, from the young to the elderly. There will be 435 units per tower, and units come with a minimum of 2 car park lots. The maintenance fee is at RM0.28 per sq ft per month.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A |
· 813 sq ft · 2 bedrooms · 2 bathrooms · 1 study/utility room · 2 car park lots |
From RM567,800 |
|
Type B |
· 950 sq ft · 3 bedrooms · 2 bathrooms · 2 car park lots |
|
|
Type C / D / D1 |
· 1,125 sq ft · 3 bedrooms · 2 bathrooms · 2 car park lots |
|
|
Type E / E1 |
· 1,285 sq ft · 4 bedrooms · 2 bathrooms · 2 car park lots |
Location
Residensi AVA is easily accessible via the Middle Ring Road 2 (MRR2), Duta-Ulu Kelang Expressway (DUKE), Lebuhraya Damansara-Puchong (LDP), Jalan Kuching, and Jalan Kepong.
As for public transport, the upcoming Kepong Baru and Jinjang MRT stations are both part of the Sungai Buloh-Serdang-Putrajaya line, which is within a 3.1km radius from the development. These stations are slated to be fully operational in 2021.
Residensi AVA is also just about 500m from the Kepong Metropolitan Park.
Accessibility
- Middle Ring Road 2 (MRR2)
- Lebuhraya Damansara-Puchong (LDP)
- Duta-Ulu Kelang Expressway (DUKE)
- Jalan Kuching
- Jalan Kepong
- 2 new interchanges – direct access from MRR2 to Kiara Bay
- MRT stations – Kepong Baru and Jinjang; the Sungai Buloh-Serdang-Putrajaya line
- KTM Taman Wahyu
Education
- St Mary’s School KL
- International University College of Technology
- SMK Jinjang
- Raja Abdullah Secondary School
- The International School @ ParkCity
- Mont Kiara International School
Medical Care
- Selayang Hospital
- ParkCity Medical Centre
- KPJ Sentosa KL Specialist Hospital
- Pusat Kesihatan Jinjang
Shopping
- Kiara Bay Mall
- Selayang Mall
- AEON Big
- Tesco Extra
- BREM Mall
- Giant Hypermarket
Recreation
- Kepong Metropolitan Park
- FRIM
- Metropolitan Batu Park
Analysis
The improved infrastructure and connectivity has encouraged a number of developers to build in Kepong. Kepong lies within Kuala Lumpur and is close to Selangor. High-end enclaves such as Desa ParkCity and Mont’Kiara are nearby, making Kepong an attractive location for both developers and homebuyers.
In the last 10 years, the younger generation in the area have demanded for more high-end homes. Many of them would prefer to stay close to their parents, but in a trendier home. The strong demand for modern high-rise developments with full facilities explains the strong take-up and rapid growth of new projects in Kepong.
UEM Sunrise Bhd has developed more than 60 projects in Malaysia, including 11 Mont Kiara, Imperia, Kiara Designer Suites, Mont Kiara Bayu, Residensi 22, Residensi Sefina, and Verdi, among others.
Here’s a quick look at residential properties in or near Kepong.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Residensi AVA at Kiara Bay by UEM Sunrise Bhd and Melati Ehsan Group |
Leasehold |
Service Residence |
2024 |
813 sq ft – 1,285 sq ft
|
From RM567,800 |
|
Leasehold |
Serviced Apartment |
2024 |
701 sq ft, 850 sq ft, or 1,000 sq ft |
From RM385,000 |
|
|
Freehold |
Condominium
|
2021 |
960 sq ft – 1,173 sq ft |
From RM460,000 |
|
|
Leasehold |
Condominium
|
2020 |
901 sq ft – 1,027 sq ft |
From RM388,000 |
|
|
Leasehold |
Serviced Residence
|
2020 |
775 sq ft – 1,357 sq ft
|
From RM495,600
|
|
|
Leasehold |
Condominium
|
2020 |
1,073 sq ft – 1,216 sq ft |
From RM448,000
|
|
|
Leasehold
|
Serviced Condominium
|
2020 |
760 sq ft – 912 sq ft
|
From RM520,100
|
Summary
According to the masterplan, Kiara Bay will comprise residential units, retail mall, office spaces, hotels, healthcare centres, and education hubs. The entire township development is expected to be completed in 2039.
UEM Sunrise is introducing the urban liveability concept in Kiara Bay’s design whereby there will be a diversity in the usage of space, from retail to outdoor parks, for the communities in the self-sustaining township.
Here’s an example of the estimated monthly repayment for a unit at Residensi AVA, based on the PropertyGuru Home Loan Calculator.
Unit price: RM570,000
Loan term: 30 years
Interest rate: 4.2%
Loan amount: RM513,000 (based on 90% Loan-to-Value (LTV) ratio)
Estimated mortgage repayments: RM2,599 per month
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!
