Pantai Hillpark is located near the residential enclaves of Bangsar South and Bukit Pantai. This hilltop residence is considered as one of the great successes of property development in the Klang Valley.
Continue Reading ⋅ 19 February 2022
Coming up in the city centre is another esteemed project by the name of Residensi Rah. Located on Jalan Raja Ali, Residensi Rah is a development of Rah Properties Corporation Sdn Bhd. The residential titled condominium in Kuala Lumpur is located on Malay Reserved land, and will have a very low density of only 187 units. The single tower will stand 39 storeys tall. Due for completion in 2019, the units here will have built-ups ranging between 1,151 sq ft and 5,144 sq ft. Each unit will have a minimum of 2 parking bays. The launch price for Residensi Rah will start from RM622,461, with an average per square foot price of RM480.
Address: Jalan Raja Ali, Kampung Baru, Kuala Lumpur
Property Type: Condominium
Land Title: Residential
No of Storeys: 39
No of Blocks: 1
Total Number of Units: 187
- Type 1: 37 units
- Type 2: 38 units
- Type 3: 76 units
- Type 4: 8 units
- Type 5: 8 units
- Type 6: 8 units
- Type 7: 8 units
- Penthouse: 4 units
Tenure: Malay Reserved Land
Sales Gallery: Suite 7-1, Plaza Rah 111, Jalan Raja Abdullah Kampung Baru 50300 Kuala Lumpur
Site GPS Coordinates: 3.160954, 101.704793
Expected Date of Completion: 2019
Built-up area: 1,151 sq ft – 5,144 sq ft
- Type 1: 1,151 sq.ft
- Type 2: 1,194 sq.ft
- Type 3: 1,184 sq.ft
- Type 4: 2,453 sq.ft
- Type 5: 2,561 sq.ft
- Type 6: 2,572 sq.ft
- Type 7: 2,572 sq.ft
- Penthouse: 5,144 sq.ft
Facilities:
- Barbecue area
- Taichi deck
- Parking
- Playground
- Swimming pool
- 24-hour security
- Multipurpose hall
- Surau
Launch Price: RM622,461 – RM3.5 million
- Type 1: RM622,461-RM814,432
- Type 2: RM620,880-RM894,012
- Type 3: RM664,934-RM949,600
- Type 4: RM1,649,935-RM1,709,435
- Type 5: RM1,702,932-RM1,762,932
- Type 6: RM1,789,435-RM1,863,435
- Type 7: RM1,842,932-RM1,917,932
- Penthouse: RM2,483,173-RM3,500,000
Price psf: From RM480 per sq ft
Maintenance Fee psf: N/A
Parking Bay/s per Unit: 2
Special Features:
- Located in the city centre
- Type 6, Type 7 and Penthouse have individual pools
Project Details
Residensi Rah is located at the edge of the Golden Triangle. It is a premium condominium of residential title status, sitting on Malay Reserved Land. The launch price of these homes start from RM622,461 with built-ups ranging between 1,151 sq ft and 2,572 sq ft. The penthouse is almost double the size of the largest typical unit at 5,144 sq ft.
Prices of the units are quite reasonable at an average price per sq ft of RM480. Type 1 which is 1,151 sq ft big is priced from only RM622,461, while Type 2 which is sized from 1,194 sq ft is priced from RM620,880. These units are however quite limited, with the former bearing a total of only 37 units and the latter 38 units. Type 3 has the most units at 76, with a built up of 1,184 sq ft and a price from RM663,934.
Type 4, 5, 6, and 7 all have 8 its each and have sizes ranging between 2,453 sq ft and 2,572 sq ft. There are 4 Penthouse units priced between RM2,483,173 and RM3,500,000, which are sized at 5,144 sq ft.
|
Type |
Price |
Total units |
Built Up |
|
1 |
RM622,461-RM814,432 |
37 |
1,151 sq ft |
|
2 |
RM620,880-RM894,012 |
38 |
1,194 sq ft |
|
3 |
RM664,934-RM949,600 |
76 |
1,184 sq ft |
|
4 |
RM1,649,935-RM1,709,435 |
8 |
2,453 sq ft |
|
5 |
RM1,702,932-RM1,762,932 |
8 |
2,561 sq ft |
|
6 |
RM1,789,435-RM1,863,435 |
8 |
2,572 sq ft |
|
7 |
RM1,842,932-RM1,917,932 |
8 |
2,572 sq ft |
|
Penthouse |
RM2,483,173-RM3,500,000 |
4 |
5,144 sq ft |
There are however limited facilities at Residensi Rah. The development enjoys 24-hour security and has only a swimming pool, multipurpose hall, playground, barbecue area and tai chi deck. The maintenance fee of the development at the time of writing is as yet unknown.
Location
Residensi Rah’s main selling point is its central location in the heart of the city. It is surrounded by some of the most iconic buildings in Kuala Lumpur, including the famed Grand Hyatt Kuala Lumpur hotel.
From its location, Residensi Rah is only 2.8 kilometres from the heart of Kuala Lumpur, Suria KLCC and the other world renowned shopping malls of the area such as Pavilion and Fahrenheit 88 which are approximately only 3.8 kilometres away. And from here, the Berjaya Times Square and Sungei Wang shopping complexes are within a short walking distance.
As a location that is popular among tourists, there are also many medical facilities that cater to expatriates. The Prince Medical Centre in Kuala Lumpur is usually the first stop for any expatriate in need of medical attention, otherwise the Gleneagles hospital a short distance away is just as popular. The other private hospitals in the area are the Tawakal Hospital, as well as the heart specialist centre Institute Jantung Negara (IJN).
Travelling around Kuala Lumpur from Residensi Rah is easy as LRT and Monorail services are just a stone’s throw away. Via the LRT line and its direct line to KL Sentral, commuters will not only be able to reach most of Kuala Lumpur, but also the outskirts in Kajang and Bukit Jalil via the MRT and the upcoming LRT 3 line.
Otherwise if travelling via private vehicle, motorists will find that Ampang is only 13 kilometres away and that the Amping-Kuala Lumpur Elevated Highway (AKLEH) and SMART tunnel are only minutes away.
Analysis
Not only is the price of homes at Residensi Rah more affordable than the surrounding new developments, but it also carries among some of the lowest densities as can be seen below.
|
Name |
Land Tenure |
Price per sq ft |
No. of Storeys |
Total Units |
|
Residensi Rah, Completion date: 2019 |
Malay Reserved Land |
From RM480 |
39 storeys |
187 |
|
Semarak Residence Completion date: 2019 |
Leasehold |
From RM980 |
43 storeys |
480 |
|
Platinum Splendor Residence Completion date: 2020 |
Freehold |
From RM340 |
32 storeys |
2000 |
Summary
While Residensi Rah is an affordable development in the city centre, its Malay Reserved Land title is a great restriction on its price appreciation due to its limited market of buyers. Residensi Rah is hence a development that is considered to be more of a family development than an investment.
