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Continue Reading ⋅ 30 January 2023
Skypod Residence is located just across Puchong IOI Mall, off the Lebuhraya Damansara-Puchong (LDP). Its high-rise blocks are flanked by the commercial shop lots and low-rise buildings in Bandar Puchong Jaya.
The dual-toned façade features unique geometric patterns, and the building is distinctly noticeable and identifiable with its striking yellow signage at the top. Developed by Pilihan Megah Sdn Bhd, a subsidiary of IOI Properties, Skypod Residence sits atop 3 levels of retail units, known as Skypod Square.
Launched in 2012 and completed in 2015, Skypod Residence drew plenty of interest from investors despite its slightly steeper pricing. Favoured primely for its location, Skypod Residence appeals to the working professional crowd, and smaller families.
Address: Jalan Layang-Layang 1, Bandar Puchong Jaya, 47100 Selangor
Property Type: Serviced Residence & Office/Retail
Land Title: Commercial
No. of Blocks: 2
Total Units:
- Residential: 640 units
- Office & Retail: 68 units
Tenure: Freehold
Year of Completion: 2015
Built-up Area:
- Residential: 634 sq ft – 1,248 sq ft
- Office: 1,733 sq ft
- Retail : 1,916 sq ft
Facilities:
- Gymnasium
- Hanging pod
- 50m swimming pool
- Wading pool
- Exercise lawn
- Yoga deck
- BBQ area
- Nap pod
- Spa bed
- Jacuzzi
- Trellis
- Reflexology paths
- Sky viewing decks
- 24 hour security
Launch Price: RM383,800 – RM799,800
Launch Price Per Sq Ft: RM600 – RM700 per sq ft
Maintenance Fee: RM0.33 per sq ft
Project Details
Skypod Residence is a mixed-use development comprising 2 residential blocks. Due to the architecture of the development, it appears as if there are 4 towers. This is because each block is divided into two, somewhat mirroring sections housing equal number of units on each side, separated by the lift foyer.
Tower 1 has a total of 366 units, with 16 units per floor and 6 lifts. Built-ups for Tower 1 range from 881 sq ft to 1,248 sq ft, while Tower 2 houses the smaller units from 634 sq ft to 881 sq ft. There are 274 units in Tower 2, with 12 units per floor and 4 lifts.
Unit layouts are functional and practical, offering 1, 2 or 3 bedrooms with either the city view, or the view of the stylish facilities deck.
The facilities podium is a mix of modern facilities and artistic structures amidst green landscaping. Facilities at Skypod Residence are extensive, and it includes a 50-metre swimming pool, gymnasium, exercise lawn, yoga deck, jacuzzi, spa bed, and reflexology path.
Additionally, each tower has 2 sky decks where residents get to enjoy panoramic views of surrounding areas. As the retail section is located below the residential development, residents enjoy the benefits of having restaurants, convenience stores and other services pretty much at their doorstep.
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Unit Types |
Built-Up |
Launch Price |
|
Type A |
· 1,248 sq ft · 3 bedrooms · 3 bathrooms · Corner unit |
From RM383,800 |
|
Type B |
· 1,033 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type C |
· 881 sq ft · 2 bedrooms · 2 bathrooms |
|
|
Type C2 |
· 881 sq ft · 2 bedrooms · 2 bathrooms · Corner unit |
|
|
Type C2 |
· 634 sq ft · 1 bedroom · 1 bathroom |
Location
Skypod Residence is located in the heart of the Puchong township, surrounded by commercial and retail units all around. It is behind IOI Business Park and next to Bandar Puchong Jaya commercial district where you can find a plethora of restaurants, cafés, coffeeshops, and retail shops offering diverse goods and services.
A majority of bank branches are also located in the area, making it extremely convenient as all these amenities are within a walking distance. Further along the Lebuhraya Damansara-Puchong (LDP) and a short drive away is Bandar Puteri Puchong, another commercial area teeming with more eateries, retail shops and banks.
For shopping, the popular Puchong IOI Mall is just across the highway and made accessible by foot with the pedestrian overhead bridge. Setia Walk, IOI Boulevard and Tesco Puchong are also within a very small radius.
Due to its strategic location, Skypod Residence is very accessible and connected primarily by the LDP, Lebuhraya Shah Alam (KESAS), Lebuhraya Bukit Jalil, and Jalan Puchong. These roadways and highways subsequently connect the area to other parts of the city, Klang Valley, Cyberjaya, and Putrajaya.
As Puchong is a very centric area, Skypod Residence is conveniently close to many popular townships such as Bandar Sunway, Subang Jaya, Bukit Jalil, and certain areas of Petaling Jaya.
For public transportation, the Pusat Bandar Puchong LRT station on the Sri Petaling Line is approximately 2km from Skypod Residence. This line has stops in other areas in Puchong, ending at the Putra Heights station which is the interchange station for the Kelana Jaya line. The Kelana Jaya line travels to USJ, Subang Jaya, Petaling Jaya, and KL Sentral.
Accessibility
- LRT Pusat Bandar Puchong
- Lebuhraya Damansara Puchong (LDP)
- Lebuhraya Persekutuan (Federal Highway)
- Lebuhraya Bukit Jalil
- Jalan Puchong
Education
- Binary University College of Management & Entrepreneurship
- RIMA International College
- Taylor’s College, Lakeside Campus
- Sunway University College
- Monash University, Sunway Campus
- Sunway International School
- Regent International School, Puchong
- Inspiros International School
- UCSI International School, Subang Jaya
- Sri Kuala Lumpur International School
- Beaconhouse Pre-School, Puchong
- SMK Bandar Puchong Jaya (B)
Medical Care
- Columbia Asia Hospital, Puchong
- KPMC Puchong Specialist Centre
- Sunway Medical Centre
- Subang Jaya Medical Centre (SJMC)
Shopping
- IOI Mall Puchong
- Setia Walk Puchong
- Tesco Puchong
- Giant Hypermarket Kinrara
- Sunway Pyramid Shopping Centre
Recreation
- Bukit Jalil Golf & Country Resort
- Kinrara Golf Club
- National Stadium Bukit Jalil
Analysis
Skypod Residence is a vibrant development in the equally vibrant heart of Puchong. Flanked by many shop lots and commercial buildings, it is in a very convenient location with access to multiple public amenities.
The development offers good facilities for the residents to chill and unwind, and the convenience of having retail shops within the compound is always an added advantage. However, unit sizes are quite compact.
As such, it is more suitable for young couples, small families or working professionals who favour the conveniences in exchange for the living space.
As it is so close to the main access and artery of central Puchong, traffic is generally heavy throughout the day and quite challenging during peak hours. However, this is generally expected and accepted for a heavily populated area.
There are many other access roads leading in and out of the area too, which helps in dispersing traffic flow. It should be noted that that section of the LDP has also been prone to flooding during heavy downpours and there have also been reports of Skypod Residence being subject to its share of floods too.
Currently, the approximate gross rental yield at Skypod Residence is 3.8% per annum. Subletting is also quite common at Skypod Residence, possibly due to demand from the student population with the proximity of Binary University College which is within walking distance.
Here’s a quick look at residential properties in Puchong.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Skypod Residence by IOI Properties |
Freehold |
Serviced Residences |
2015 |
634 sq ft – 1,248 sq ft |
From RM383,800 |
|
Avilla Apartments by IOI Properties |
Freehold |
Apartment |
2008 |
968 sq ft – 1,033 sq ft |
RM165,900 – RM209,900 |
|
Skyville by IOI Properties |
Freehold |
Condominium |
2010 |
5,370 sq ft – 5,395 sq ft |
RM2,196,000 – RM3,374,000 |
|
Atmosfera by Villamas Group of Companies |
Freehold |
Condominium |
2012 |
1,282 sq ft – 2,275 sq ft |
RM290,000 – RM700,000 |
|
Sky Condominium by IOI Properties |
Freehold |
Condominium |
2018 |
1,173 sq ft – 1,658 sq ft |
From RM846,800 |
|
La Vista Condominiums by IOI Properties |
Freehold |
Condominium |
N/A |
1,340 sq ft – 2,090 sq ft |
N/A |
Summary
Puchong is a busy, self-contained and dense township with abundant public amenities, commercial complexes, housing, education facilities, and entertainment. Today, it continues to thrive and develop further. While reputed for its traffic woes, its demand and popularity has not waned. In fact, the perimeter of the township development continues to broaden.
Bandar Puteri Puchong and Puchong Jaya are primarily developed by IOI Properties Group, and Skypod Residence is proudly a part of these integrated developments. It remains a well-sought after development due to its location.
A 1,033 sq ft fully furnished unit at Skypod Residence has an asking price of about RM580,000, while asking rental of a similar unit is about RM1,900 per month. Individual rooms are also listed for rent on PropertyGuru.com.my. A 100 sq ft furnished room has an asking rental of approximately RM480 to RM500 per month.
Here are some loan figures for a Skypod Residence unit priced at RM580,000.
- LTV / margin of finance: 90%
- Down payment (10%): RM58,000
- Loan amount: RM522,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM2,257
- Approximate required gross annual income: RM90,300*
Calculations are based on the:
Pro tip: Know your Debt Service Ratio (DSR)!
DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for. To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.
* Assumptions: No other monthly debt obligations, and 30% of gross income spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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