The Parque Residences is the first high-rise residential development in Eco Sanctuary. The 27-acre development is the third phase of the 308-acre Eco Sanctuary township at the south of Kota Kemuning.
Continue Reading ⋅ 14 December 2021
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.
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.
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.
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.
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Unit Types |
Built-Up |
Launch Price |
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Type A1 |
· 657 sq ft · 2 bedrooms · 1 bathroom |
From RM498,000 |
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Type A2 |
· 700 sq ft · 1 bedroom · 1 study alcove · 1 bathroom |
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Type A3 |
· 721 sq ft · 1 bedroom · 1 study alcove · 1 bathroom |
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Type A4 |
· 732 sq ft · 1 bedroom · 1 study alcove · 1 bathroom |
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Type A5 |
· 689 sq ft · 1 bedroom · 1 bathroom |
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Type A6 |
· 807 sq ft · 1 bedroom · 1 study alcove · 1 bathroom |
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Type A7 |
· 818 sq ft · 1 bedroom · 1 study alcove · 1 bathroom |
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Type A8 |
· 657 sq ft + 226 sq ft terrace · 1 bedroom · 1 bathroom |
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Type B1 |
· 850 sq ft · 2 bedrooms · 2 bathrooms |
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Type B2 |
· 893 sq ft · 2 bedrooms · 1 study alcove · 2 bathrooms |
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Type B3 |
· 915 sq ft · 2 bedrooms · 1 study alcove · 2 bathrooms |
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Type B4 |
· 893 sq ft · 2 bedrooms · 2 bathrooms |
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Type B5 |
· 915 sq ft · 2 bedrooms · 2 bathrooms |
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Type B6 |
· 947 sq ft · 2 bedrooms · 1 study alcove · 2 bathrooms |
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Type B7 |
· 797 sq ft + 118 sq ft terrace · 2 bedrooms · 2 bathrooms |
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Type B8 |
· 990 sq ft · 2 bedrooms · 1 study alcove · 2 bathrooms |
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Type B9 |
· 958 sq ft · 3 bedrooms · 2 bathrooms |
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Type B10 |
· 980 sq ft + 183 sq ft terrace · 2 bedrooms · 1 study alcove · 2 bathrooms |
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Type C1 |
· 1,098 sq ft · 2 bedrooms · 1 study alcove · 3 bathrooms |
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Type C2 |
· 1,238 sq ft · 3 bedrooms · 3 bathrooms |
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.
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.
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)
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.
Here’s a look at residential properties in/close to Sentul.
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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 |
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Leasehold |
Serviced Apartment |
2021 |
581 sq ft – 1,318 sq ft |
From RM397,000 |
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Freehold |
Condominium |
2022 |
822 sq ft – 1,239 sq ft |
From RM299,000 |
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Freehold |
Serviced Residence |
2022 |
550 sq ft – 1,025 sq ft
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From RM299,000 |
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Freehold |
Serviced Apartment |
2020 |
700 sq ft – 1,001 sq ft |
From RM360,000 |
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Leasehold |
Condominium |
2020 |
800 sq ft |
RM300,000 |
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Leasehold |
Serviced Residence |
2020 |
650 sq ft – 844 sq ft |
From RM320,000 |
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Freehold |
Suite Apartment |
2023 |
611 sq ft – 983 sq ft
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From RM348,000 |
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.
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!
