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Continue Reading ⋅ 19 February 2022
Serimba Terrace is the last landed homes in Bandar Bukit Mahkota, a well-established township in Bangi. Developed by Lion Group Property, they are looking to launch high-rise projects such as condominiums and serviced apartments, and shops, in its remaining land in Bandar Bukit Mahkota in Bangi in 2021. Only a 58-acre parcel, known as Serimba Heights, remains in the township.
Serimba Terrace offers 2-storey terrace houses, and it has a gross development value (GDV) of RM76.7 million. This low-density project was unveiled over 2 phases, where the first phase of Serimba Terrace is fully booked. The project sits on an 8.71-acre freehold site next to a public lake park.
The remaining land will have high-rise developments and shops, and the developer hopes to complete everything by approximately 2025, depending on market conditions.
Address: Persiaran Mahkota 2, Bandar Bukit Mahkota, 43000 Kajang, Selangor
Developer: Araprop Development Sdn Bhd (subsidiary company of Lion Group Property)
Property Type: 2-storey terrace house
Land Area: 8.71 acres
Tenure: Freehold
Total Units: 97
Sales Gallery: Serimba Sales Gallery, Bandar Bukit Mahkota, 43000 Kajang, Selangor
Year of Completion: 2023
Built-up Area: 2,214 sq ft – 2,289 sq ft
Facilities:
- 24-hour security system with perimeter fencing
- Lake
- Treehouse
- Basketball court
- Indoor and outdoor gyms
- Jogging track
- Children’s playground
Launch Price: From RM738,000
Maintenance Fee: RM200 (indicative fee for intermediate unit)
Project Details
Serimba Terrace offers living spaces for multi-generations, with built-ups from 2,214 sq ft to 2,289 sq ft. This freehold development comprises 4+1 bedrooms and 4 bathrooms, which are ideal for middle to large families. The 22ft x 70ft units are fully extended to allow spacious built-ups, and avoid the hassle of renovation.
There’s also an additional small room adjacent to an en-suite bedroom on the ground floor, which allows residents to turn the space into the children’s study, playroom, hobby room, maid’s room, or a storage space. All units come with a balcony for the master bedroom, designated air-conditioner ledges, and a dedicated laundry area.
The project is gated and guarded, with 24 hours’ security system, single-entry entrance with guard post, CCTV surveillance, and anti-climb fencing, and facilities for residents include gyms, basketball court, and linear park. The 15ft linear park replaces the regular back lane, thus providing an extra space for recreation.
Besides the parks and basketball court, there will also be a nature-inspired children’s playground featuring a tree house, indoor and outdoor gyms, and jogging track. Additionally, the Bukit Mahkota Clubhouse is located close to Serimba Terrace, which allows residents to be members and enjoy facilities such as swimming pool, multi-purpose hall, tennis court, children’s playground, and lounge. The club house is owned and operated by Lion Group.
The launch of Phase 1 of Serimba Terrace was postponed from March to June 2020 due to MCO (Movement Control Order). This phase has 60 units. In October 2020, the developer started selling the remaining units in Phase 2. As Serimba Terrace is a strata project, buyers are the ones who will maintain and upkeep the project in the future. Thus, the developer planned and designed the project with sustainable and easy maintenance in mind.
Prices start from RM738,000, and units are scheduled for completion in March 2023. The indicative maintenance fee is RM200 for an intermediate unit.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A1 / A2 |
· Corner unit · 22’ x 70’ · Approx. 2,289 sq ft · 5 bedrooms · 4 bathrooms |
From RM738,000
|
|
Type B1 / B2 |
· Intermediate unit · 22’ x 70’ · Approx. 2,214 sq ft · 5 bedrooms · 4 bathrooms |
Location
Bandar Bukit Mahkota is in a good location, with well-established neighbours. That is a major pull factor, especially for those who work around the Kuala Lumpur south area. The main highway that connects to the township is the North-South Highway (PLUS), allowing residents to reach Kuala Lumpur, Putrajaya, and Seri Kembangan, in less than an hour.
Other highways close to the township are the North–South Expressway Central Link (ELITE), Kajang Dispersal Link Expressway (SILK), South Klang Valley Expressway (SKVE), and Kajang–Seremban Highway (LEKAS). The main internal road within Bandar Bukit Mahkota is Persiaran Mahkota 1 and Persiaran Mahkota 2, and those’ll connect residents to various amenities. For public transport, Bangi KTM station at Pekan Bangi is the nearest train station from this township. It is located about 5.8 km away.
Through these highways, residents can easily reach different areas, such as the ones below:
- 13km to UKM
- 28km to Cyberjaya
- 24km to Putrajaya
- 31km to KLIA
- 38km to KL city centre
Apart from its accessibility, Serimba Terrace’s residents can get to numerous amenities easily. These include schools, colleges and universities, F&B outlets, medical centre, hypermarket, banks, and commercial hub.
Accessibility
- North-South Highway (PLUS)
- North–South Expressway Central Link (ELITE)
- Kajang Dispersal Link Expressway (SILK)
- South Klang Valley Expressway (SKVE)
- Kajang–Seremban Highway (LEKAS)
- Persiaran Mahkota 1
- Persiaran Mahkota 2
- Bangi KTM station
Education
- SK Bandar Bukit Mahkota
- SR Islam Nur Hikmah
- SMK Bandar Seri Putra
- SR Agama Bandar Ser Putra
- SMK Nilai Impian
- SRK Nilai Impian
- Kolej Universiti Islam Antarabangsa Selangor
- Universiti Sains Islam Malaysia
- Universiti Kebangsaan Malaysia
- Universiti Putra Malaysia
Medical Care
- Hospital Islam Az-Zahrah
- Hospital Serdang
Shopping
- Lotus’s Bandar Puteri
- Malik STREAMS Bangi
- Pasar malam Seksyen 4 Bandar Bukit Mahkota
Recreation
- Bukit Mahkota Clubhouse
- Taman Tasik Ujana Nilai Impian
- Banyan Close Community Park
- Oasis Park @ Bandar Puteri Bangi
Analysis
Serimba Terrace is located in the heart of Bandar Bukit Mahkota. The township itself is a mature area that is running out of development land. Thus, high-rise residential projects have mushroomed there over the past few years. This is supported by the rising housing demand from the local growing population, and the growing popularity of the Kuala Lumpur south area.
Bandar Bukit Mahkota’s mid- to high-end landed homes are mainly owned by professionals and families. While the developer is not worried about the general current soft market in the country, they have highlighted that some buyers are unable to get the loan margin they want. However, the developer mentioned that they have a waiting list of buyers.
Here’s a look at residential properties in Bangi.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Serimba Terrace by Lion Group Property |
Freehold |
2-storey terrace house |
2023 |
2,214 sq ft – 2,289 sq ft |
From RM738,000 |
|
Almyra Residences by IOI Properties Group Berhad |
Freehold |
Service apartment |
2017 |
969 sq ft – 1,217 sq ft |
From RM360,800 |
|
Crescent Park Town Villa by Lion Group Property |
Freehold |
Town villas |
2018 |
1,609 sq ft – 1,872 sq ft |
From RM496,000 |
|
Rimbawan Residences @ De Centrum by Protasco Bhd |
Freehold |
Condominium |
2019 |
872 sq ft – 1,332 sq ft |
From RM571,000 |
|
Sunway Gandaria in Seksyen 9 by Sunway Group |
Leasehold |
Service Apartment |
2020 |
949 sq ft – 1,405 sq ft |
From RM491,000 |
|
Cerrado in Southville City by Mah Sing |
Freehold |
Serviced Apartment |
2020 |
656 sq ft, 825 sq ft, 828 sq ft |
From RM388,000 |
|
Verna at Serene Heights by UEM Sunrise Bhd |
Freehold |
2-storey terrace house |
2022 |
1,814 sq ft – 1,939 sq ft |
From RM652,800 |
|
Edence & Florence @ Setia Alamsari by SP Setia |
Freehold |
Double-storey semi-detached house |
2022 |
From 3,118 sq ft |
From RM1.52 million |
|
Residensi Desa Saga @ Taman Desa Saga by CNC Builders Sdn Bhd |
Freehold |
Condominium |
2023 |
1,097 sq ft – 2,238 sq ft |
From RM322,587 |
Summary
Serimba Terrace are aimed at owner-occupiers and families, and that’s why the developer is offering spacious built-ups in a low-density environment. Residents can have fun moments in the development’s parkside and lakeside living.
Apart from Serimba Terrace, the developer’s ongoing projects include Resilion Residence in Bandar Mahkota Cheras, and Banting Industrial City. Other upcoming launches will depend on market conditions, and these projects include an affordable home project in Negeri Sembilan, and landed and high-rise developments in Bukit Segar, Cheras.
So, if you’re interested in a unit at Serimba Terrace that’s priced at RM740,000, here are the estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM74,000
- Loan amount: RM666,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM2,991
- Approximate required gross annual income: RM115,500*
Calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator. Try them to estimate the figures that are right for you!
To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy so you can be sure of home loan approval!
* Assumptions: No other monthly debt obligations, and 30% of gross income will be spent on the housing loan. The basic rule is that banks usually loan up to 30% of your gross annual income.
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