• Caitlyn
  • 1 April 2019

Built by Far East Kuchai Development, Residensi Far East @ Kuchai Lama consists of two towers sited on 1.5 acres of leasehold with a commercial title. Tower A contains 226 units of serviced residences, while Tower B houses 184 units.

The developer carefully designed the project’s floor plans to provide a functional yet spacious living environment to the residents so that they can make the most of their purchased residential properties.

Residensi Far East @ Kuchai Lama Guardhouse

The development’s Tower A is targeted for completion by Q3 2021, while Tower B is expected to be ready by 2023.

 

Address: Jalan Tuanku 1, Taman Salak Selatan, Lebuhraya Sungai Besi, Sungai Besi, Kuala Lumpur

Property Type: Serviced Residence

Land Title: Commercial

No of Storeys: Tower B: 36

No of Blocks: 2

Total Units: 400 (Tower A – 226 units / Tower B – 174 units)

Tenure: Leasehold

Sales Gallery: Jalan Sungai Besi, Batu 5 1/2, Taman Salak Selatan, 57100 Kuala Lumpur

Site GPS Coordinates: 3.082947, 101.697226

Expected Date of Completion: Tower A – 2021; Tower B – 2023.

Built-up area: 657 sq ft – 1,107 sq ft

No. of Lifts: 3+1

Facilities:

  • Tadika
  • Children Playground
  • Function Room
  • Reading Room
  • Retail/Laundry
  • Games Room
  • Surau (Male/ Female)
  • Management Office
  • Gymnasium
  • Yoga Studio
  • Sky Lounge
  • Library
  • Multipurpose Room
  • Barbecue Area
  • Swimming Pool
  • Changing Room (Male/ Female)
  • Sauna (Male/ Female)

Launch Price: From RM459,000 – RM836,000

Price psf: From RM700 per sq ft

Maintenance Fee psf: RM0.36

Parking Bay/s per Unit: 1 – 2 lots per unit

Project Details

Home buyers can have the option to choose from three layouts according to their needs – Type A (657 sq ft), Type B (864 sq ft), and Type C (1,107 sq ft). Each unit comes with 2-3 bedrooms and a similar number of bathrooms.

Residensi Far East @ Kuchai Lama Pool View

The builder has meticulously designed the leasehold development’s floor plans to provide a functional yet spacious living environment to the homeowners so that they can truly enjoy the homes, which costs between RM459,000 and RM836,000. The price range translates to about RM700 psf.

Unit

Built-Up Area

No. of Rooms

A

657 sq ft

2R, 2B

B

864 sq ft

3R, 2B

C

1,107 sq ft

3R, 3B

This leasehold development features many facilities that are designed to provide its residents with a balanced lifestyle. For instance, there’s a fully air-conditioned yoga studio equipped with mats and meditation balls, a state-of-the-art sky gym with cardio machines and free weight area, as well as toilets and changing rooms.

Residensi Far East @ Kuchai Lama Gym

Its sky pool is not just a haven for relaxation, but also provides panoramic views over Kuala Lumpur. There’s a sky deck and lounge that can accommodate a large number of people with its multiple seating areas, making it a perfect venue for holding celebratory occasions and events.

Residensi Far East @ Kuchai Lama will also come with a garden, library, kindergarten (tadika), children’s playground, reading room, games room, retail shops/laundrette and multipurpose room.

Furthermore, units at this serviced residence come partly-furnished. Depending on the unit type, buyers will get free kitchen cabinets with cooking hood and hob, air-conditioners, and water heaters.

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Location

This leasehold serviced residence is strategically situated within the flourishing Klang Valley – right in the centre of Kuchai Lama, a vibrant neighbourhood with many amenities. As a matter of fact, the upcoming Kuchai Lama MRT 2 Station is just 30 metres or so to the project.

Residensi Far East @ Kuchai Lama External Facade

Residensi Far East @ Kuchai Lama is well-connected to major roads like Maju Expressway (MEX), Federal Highway, Sungai Besi Highway, New Pantai Expressway (NPE), KL-Seremban Highway and Shah Alam Expressway (KESAS).

Thanks to its convenient accessibility, the development is just a short drive to some of the important places in Kuala Lumpur, such as the Exchange 106 at the 70-acre Tun Razak Exchange (TRX), Bandar Malaysia, Kuala Lumpur City Centre (KLCC), NSK Trade City, IKEA Cheras and Bukit Jalil National Stadium.

Residensi-Far-East-Location-Map

Future homeowners at Residensi Far East @ Kuchai Lama can also easily travel to popular shopping centres like Mid Valley Megamall, Suria KLCC, Pearl Point Shopping Mall, Sunway Velocity Mall and MyTown Shopping Centre.

Apart from being close to good healthcare provides like the Taman Desa Medical Centre, it’s also within close proximity to reputable schools like SMK Sri Sentosa Jalan Kuchai Lama, SJK(C) Tai Thung Salak South, as well as the Pacific University of Technology & Innovation.

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Analysis

Name

Completion Date

Tenure

No. of Blocks

No. of Storeys

Selling Price

Residensi Far East @ Kuchai Lama

2021

Leasehold

1

36

Starts from RM459,000

Hermington, Kuchai Lama

2020

Leasehold

1

46

Starts from RM450,000

The Riyang, Kuchai Lama

2020

Freehold

1

35

Starts from RM813,000

The Address, Taman Desa

2022

Leasehold

2

37

Starts from RM650,000

Residensi Far East @ Kuchai Lama Yoga Area

Pros

The best thing about the subject property is that it’s the nearest development to an MRT 2 station among other recently unveiled projects in Kuchai Lama. As a matter of fact, it’s just 30 metres to the highly-anticipated Kuchai Lama MRT Station.

Another good thing is that it’s reasonably affordable compared to other residential projects in the vicinity, such as The Riyang and The Address. Finally, there’s also the fact that Kuchai Lama is a matured township with plenty of existing amenities that will enable future homeowners to have the ease of carrying out their day-to-day activities.

Residensi Far East @ Kuchai Lama Water Features

Cons

A downside about Residensi Far East @ Kuchai Lama is that its developer is a fledgling company with no track record of already completed projects (or even any other ongoing developments) which we can evaluate. So whether the quality of this particular project is guaranteed or otherwise remains to be seen.

But the biggest complaint about the project and the upcoming MRT 2 station is that they’re near the factory of Ajinomoto Malaysia, which allegedly dumps garbage or sewage in a pond in the area that frequently emits a foul smell similar to farts.

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Summary

Residensi Far East @ Kuchai Lama Sky Lounge

Despite the nasty smell issue plaguing the vicinity of the development, we think the authorities will act on this, especially once the Kuchai Lama MRT 2 Station starts its operations. We don’t believe that the government will turn a deaf ear if many commuters start complaining about the foul smell (especially if it’s heavily used by tourists as well). Given the likely government action on the nauseating smells, we are confident that Residensi Far East @ Kuchai Lama will become a good place to start a family or buy an investment property due to its great proximity to public transport.

Assuming you take out a RM367,200 loan (80% LTV) with an interest rate of 4.6% that is payable in 30 years to purchase a RM459,000 unit in Residensi Far East @ Kuchai Lama, your monthly debt instalments would work out to RM1,882. Following experts’ advice that your monthly expenses on housing should not exceed 30% of your salary, you need an income of at least RM6,273 per month to be able to afford a unit in this leasehold project.

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Eric Wong

Caitlyn