• Pavither
  • 20 May 2020

Rica Residence was officially launched in August 2017, and it is developed by Fajarbaru Builder Group Bhd. This development is their maiden project. Located in Jalan Kovil Hilir in Sentul, the 39-storey project has a gross development value (GDV) of RM270 million, and it saw a 70% take-up when it opened for sale in December 2016.

Targeting young families and investors, Fajarbaru has made Rica Residence affordable

Properties in Sentul has increasingly gained appeal amongst city dwellers and expatriates, and Rica Residence aims to be the next eye-catching landmark in the Sentul area.

Targeting young families and investors, Fajarbaru has made Rica Residence affordable (at approximately RM600 per sq ft), while providing all the comforts and amenities sought by the target market. Some of the more unique facilities include an open-air theatre, glass sky bridge, outdoor meditation garden, outdoor swinging bed, and a trampoline park. Purchasers will also enjoy unobstructed views from their units, as well as a landscape garden on designated floors.

Targeting young families and investors, Fajarbaru has made Rica Residence affordable

This development offers a variety of types of units; up to 20 types. Layout types include single studios to two-bedroom units and dual-entry homes. Some units come with a study alcove which is ideal for work or study. All units come with at least one parking lot. The project is gated and guarded, and will be served by 5 lifts.

Address: Jalan Perhentian, Sentul, 51100 Kuala Lumpur, Wilayah Persekutuan

Property Type: Condominium

Land Title: Commercial

Total Units: 473

Tenure: Freehold

Developer’s Office: No. 59, Jalan SS6/12, Kelana Jaya, 47301 Petaling Jaya, Selangor

Year of Completion: 2021

Built-up Area: 657 sq ft – 1,238 sq ft

Facilities:

Level 8

  • Playground
  • BBQ terrace
  • Café area
  • Function room
  • Garden
  • Sauna
  • Changing room
  • Gymnasium
  • Swimming pool
  • Jacuzzi area
  • Wading pool
  • Landscape terrace
  • Pool deck

Level 33A

  • Trampoline park
  • Outdoor swinging bed
  • Glass sky bridge
  • Outdoor meditation garden
  • Open air theatre
  • Cabana
  • Meditation garden

Launch Price: From RM498,000

Launch Price Per Sq Ft: From RM600 psf

Maintenance Fee: Estimated RM0.35 psf

Project Details

Rica Residence features 473 units, with built-ups ranging from 657 sq ft to 1,238 sq ft. The starting price is approximately RM600 per square feet, and the layout types include single studios to 2-bedroom units, and dual-entry homes which are ideal for own-stay and/or investment purposes.

Layout types include single studios to two-bedroom units and dual-entry homes.

 

The facilities deck are on Level 8 and Level 33A respectively, and they include an open-air theatre, glass sky bridge, outdoor meditation garden, outdoor swinging bed, infinity pool overlooking the KL skyline, a trampoline park, and a playground.

The facilities deck are on Level 8 and Level 33A respectively,

 

Unit Types

Built-Up

Launch Price

Type A1

·       657 sq ft

·       2 bedrooms

·       1 bathroom

 

 

 

 

 

 

 

From RM498,000

Type A2

·       700 sq ft

·       1 bedroom

·       1 study alcove

·       1 bathroom

Type A3

·       721 sq ft

·       1 bedroom

·       1 study alcove

·       1 bathroom

Type A4

·       732 sq ft

·       1 bedroom

·       1 study alcove

·       1 bathroom

Type A5

·       689 sq ft

·       1 bedroom

·       1 bathroom

Type A6

·       807 sq ft

·       1 bedroom

·       1 study alcove

·       1 bathroom

 

Type A7

·       818 sq ft

·       1 bedroom

·       1 study alcove

·       1 bathroom

 

Type A8

·       657 sq ft + 226 sq ft terrace

·       1 bedroom

·       1 bathroom

 

Type B1

·       850 sq ft

·       2 bedrooms

·       2 bathrooms

 

Type B2

·       893 sq ft

·       2 bedrooms

·       1 study alcove

·       2 bathrooms

 

Type B3

·       915 sq ft

·       2 bedrooms

·       1 study alcove

·       2 bathrooms

 

Type B4

·       893 sq ft

·       2 bedrooms

·       2 bathrooms

 

Type B5

·       915 sq ft

·       2 bedrooms

·       2 bathrooms

 

Type B6

·       947 sq ft

·       2 bedrooms

·       1 study alcove

·       2 bathrooms

 

Type B7

·       797 sq ft + 118 sq ft terrace

·       2 bedrooms

·       2 bathrooms

 

Type B8

·       990 sq ft

·       2 bedrooms

·       1 study alcove

·       2 bathrooms

 

Type B9

·       958 sq ft

·       3 bedrooms

·       2 bathrooms

 

Type B10

·       980 sq ft + 183 sq ft terrace

·       2 bedrooms

·       1 study alcove

·       2 bathrooms

 

Type C1

·       1,098 sq ft

·       2 bedrooms

·       1 study alcove

·       3 bathrooms

 

Type C2

·       1,238 sq ft

·       3 bedrooms

·       3 bathrooms

 

the layout types include single studios to 2-bedroom units, and dual-entry homes which are ideal for own-stay and/or investment purposes.

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Location

Sentul is a mature and well-connected area. There are established schools in the vicinity such as the Wesley Methodist School, SMK La Salle Sentul and Convent Sentul secondary school.

Situated off Jalan Sultan Azlan, Rica Residence is just about 6km (15 minutes) to the Kuala Lumpur city centre (KLCC) via Jalan Ipoh and Jalan Kuching. It is also easily accessible via major roads and highways such as Jalan Tun Razak, Lebuhraya Sultan Iskandar Shah, Jalan Sentul, Duta-Ulu Kelang Expressway (DUKE), and Jalan Segambut. Through Duta Link and DUKE Highway, residents of Rica Residence will be a short drive away from KL Sentral, Hartamas, Segambut and Mont Kiara.

Sentul is a mature and well-connected area.

Rica Residence is also about 2km from LRT stations, namely Titiwangsa, Bandar Baru Sentul and Sentul Timur. The KTM Sentul station is within walking distance, while the Sentul West station of Mass Rapid Transit (MRT) Line 2 that is just 150m away is set for completion in 2021, the same time when Rica Residence is set to be completed. With the MRT2, destinations such as KLCC, TRX, Bandar Malaysia, and Cyberjaya will be minutes away.

Shop lots, commercial hubs, eateries, convenience stores and more, are close by as well, while schools include SJK (T) Thamboosamy Pillai, SK Sentul Utama, SMK Sentul Utama, SMK La Salle, SJK (C) Sentul, SK Methodist Sentul and Wesley Methodist School.

Sentul is a mature and well-connected area.

Rica Residence’s is close to these key spots:

  • 5km from KLCC
  • 7km from KL Sentral
  • 3km from KL General Hospital
  • 7km from Mont Kiara

Accessibility

  • Jalan Sultan Azlan Shah (Jalan Ipoh)
  • Jalan Tun Razak
  • Jalan Kuching
  • Lebuhraya Sultan Iskandar (Lebuhraya Mahameru)
  • Lebuhraya Duta – Ulu Klang (DUKE)
  • Sentul Link
  • Sentul KTM Commuter Station
  • Sentul Timur LRT Station
  • Upcoming MRT 2 Sentul West S12 Station (SSP Line)

Education

  • Wesley Methodist School
  • Open University Malaysia
  • SJK (T) Thamboosamy Pillai
  • SK Sentul Utama
  • SMK Sentul Utama
  • SMK La Salle
  • SJK (C) Sentul
  • SK Methodist Sentul

Medical Care

  • Prince Court Medical Centre
  • KL General Hospital
  • Hospital Sentosa

Shopping

  • Times Square Shopping Mall
  • Pavilion
  • Suria KLCC
  • Publika Shopping Gallery
  • Sogo KL 

Recreation

  • KL Tower
  • Putra World Trade Centre (PWTC)
  • Taman Tasik Setiawangsa
  • KL Performing Arts Centre (KLPAC)
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Analysis

Rica Residence is suitable for young families and those currently staying in the surrounding areas who are looking to upgrade. Properties located near public transportations are said to command better rental yields. Therefore, Rica Residence has attracted a mix of owner-occupiers and investors.

Rica Residence has attracted a mix of owner-occupiers and investors.

Here’s a look at residential properties in/close to Sentul.

Project

Land Tenure

Unit Type

Completion

Built-up

Approximate Launch Price

Rica Residence by Fajarbaru Properties Sdn Bhd

Freehold

Serviced Residences

2021

657 sq ft – 1,238 sq ft

From RM420,480

Sky Meridien @ Sentul East by SkyWorld

Leasehold

Serviced Apartment

2021

581 sq ft – 1,318 sq ft

From RM397,000

MiNest Residence by MiNest Development

Freehold

Condominium

2022

822 sq ft – 1,239 sq ft

From RM299,000

M Arisa by Mah Sing

Freehold

Serviced Residence

2022

550 sq ft – 1,025 sq ft

 

From RM299,000

Sentul Point Suite Apartments by UOA Group

Freehold

Serviced Apartment

2020

700 sq ft – 1,001 sq ft

From RM360,000

Sky Awani Residence 2 by Sky World Development Sdn Bhd 

Leasehold

Condominium

2020

800 sq ft 

RM300,000

One Maxim by Maxim Holdings

Leasehold

Serviced Residence

2020

650 sq ft – 844 sq ft

From RM320,000

The Birch by SCP Group

Freehold

Suite Apartment

2023

611 sq ft – 983 sq ft

 

From RM348,000

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Summary

The project in Sentul is the first of the Rica Residence series, while the other two are Rica Residence in Kinrara, Puchong, and Rica Residence in Melaka. Looking beyond Malaysia, the developer is seeking more landbank in Australia, especially at South Yarra and South Melbourne after having launched two projects there – the Gardenhill apartments and Paragon apartments via a joint venture with Beulah International. Gardenhill was completed in 2017, while Paragon is set for completion in 2020.

The project in Sentul is the first of the Rica Residence series

If you are interested in a unit at Rica Residence that is priced at RM430,000, the monthly repayment would be approximately RM1,892. This is based on a 30-year 90% LTV loan of RM387,000 and an interest rate of 4.2%. The monthly repayment figure is derived from the PropertyGuru Home Loan Calculator.

Based on PropertyGuru’s Home Loan Eligibility and Affordability Calculator, interested purchasers would need an approximate gross annual income of RM75,500, with no other monthly debt obligations, to be eligible for a loan amounting to approximately RM387,000. 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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Eric Wong

Pavither

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