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Continue Reading ⋅ 30 January 2023
Visible from the Federal Highway, South View Serviced Apartments is a freehold high-end high-rise luxury serviced residence in the affluent locale of Bangsar South in Kampung Kerinchi.
Sitting strategically on the border of Kuala Lumpur and Petaling Jaya, South View Serviced Apartments enjoy the ease of accessibility and connectivity, and convenience and choices are aplenty.
South View Serviced Apartments offers stylish suburban living to those seeking urban comfort, convenience and fun in Bangsar South, an integrated commercial and residential development by acclaimed and award-winning developer, UOA Group.
While Bangsar South and Kampung Kerinchi are often used interchangeably, Bangsar South and Bangsar South City are trademarks registered to UOA Holdings Sdn Bhd, referring to the 60-acre land parcel in Kampung Kerinchi developed by the UOA Group.
Address: Jalan Kerinchi Kiri 2, Kampung Kerinchi, 59200 Kuala Lumpur
Property Type: Serviced Apartments
Land Title: Residential
No. of Blocks: 2
No. of Storeys: 46
Total Units: 1,204
Tenure: Freehold
Year of Completion: 2017
Built-up Area: 648 sq ft – 1,119 sq ft
Facilities:
- Multi-purpose hall / private function room
- Children’s playground
- Wading pool
- Swimming pool
- Gymnasium
- Barbeque area
- Catering preparation area
- Surau
- Common restrooms / changing rooms
Launch Price: From RM640,350
Launch Price Per Sq Ft: RM800 – RM1,000 per sq ft
Maintenance Fee: RM0.22 per sq ft
Project Details
South View Serviced Apartments is a stylish and contemporary high-rise high-density development in the much sought-after Bangsar South in Kampung Kerinchi.
Developed by renowned property developer, UOA Group, South View Serviced Apartments has a gross development value (GDV) of RM450 million. It was launched in 2013, and completed in 2017.
While most of Bangsar South township is on leasehold land, South View Serviced Apartments is built on a 2.13-acre freehold land. The developer maximised the utilisation of the freehold status, making South View Serviced Apartments one of the highest density residences in the area.
There are a total of 1,204 units across 2 equal blocks of 46 storeys. Built-ups range from 648 sq ft to 1,119 sq ft, with 6 different layout choices of 1+1, 2 and 3 bedrooms. As units’ orientation is towards either Petaling Jaya or Mid Valley City, breathtaking views are a certainty (especially for higher level units).
The cutting-edge architecture of South View Serviced Apartments is undoubtedly modern, with an impressive hotel-like foyer and lobby.
Facilities include a barbeque area, swimming pool, children’s wading pool and play area, multi-purpose hall, and a glass-lined gymnasium overlooks the swimming pool and offers a city view.
The facilities level is spacious, with lots of airy open areas for residents to sit back, relax and enjoy. The complex is landscaped with lush greenery, giving it a resort-feel.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A1 |
· 648 sq ft · 1+1 bedrooms · 1 bathroom |
From RM640,350 |
|
Type A3 |
· 1,092 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type B1 |
· 823 sq ft · 2 bedrooms · 2 bathrooms |
|
|
Type B2 |
· 815 sq ft · 2 bedrooms · 2 bathrooms |
|
|
Type C1 |
· 1,119 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type C2 |
· 990 sq ft · 3 bedrooms · 2 bathrooms |
Location
South View Serviced Apartments is located in Bangsar South, a relatively new yet self-sufficient township near the cities of Kuala Lumpur and Petaling Jaya. Bangsar South is a 60-acre integrated residential and commercial hub in Kampung Kerinchi developed by the UOA Group.
It is home to swanky grade A commercial complexes such as The Vertical Office Tower, The Vertical II Office Suites, The Horizon and UOA Corporate Towers.
KL Gateway Mall and Nexus Bangsar South offer retail and dining convenience in the area, while Mid Valley Megamall and The Gardens Mall are just across the Federal Highway, easily accessible via the LRT.
Lifestyle and F&B hubs such as the recently revamped The Sphere and The Village offer an assortment of dining and cafe options in chic settings.
In contrast, nestled amongst the tall fancy office towers is a lush central park with lots of greenery, a made-made lake with water features, and footpaths. It is indeed a great effort by the developer to strike a balance between nature and urbanisation.
South View Serviced Apartments is well connected to a network of highways in the Klang Valley such as the Federal Highway, the New Pantai Expressway (NPE), and the Kerinchi Link. The 30km Setiawangsa-Pantai Expressway (SPE, previously known as DUKE Phase 3) will connect the Kampung Kerinchi area to the southern parts on Kuala Lumpur.
South View Serviced Apartments is also close to older townships such as Bangsar, Brickfields, and Taman Desa, and a short drive to other mature townships in Kuala Lumpur and Petaling Jaya where there are even more options for retail, dining and recreation to suit various budgets.
In an effort to improve accessibility to Bangsar South, the developer has also constructed a covered link bridge crossing the Federal Highway to Wisma Pantai, where the Kerinchi LRT Station on the Kelana Jaya line is.
The KL Gateway-Universiti LRT Station is within walking distance from South View Serviced Apartments and 2 stops away from the Abdullah Hukum LRT Station which is connected to Mid Valley City.
There are also elevated and covered walkways within Bangsar South, connecting the major landmarks. While pertinent points within Bangsar South are accessible by foot, residents and patrons can also hop on the complimentary shuttle service that circles the Bangsar South township.
Accessibility
- Lebuhraya Persekutuan (Federal Highway)
- New Pantai Expressway (NPE)
- Kerinchi Link
- KL Gateway-Universiti LRT Station (KJ19)
- Kerinchi LRT Station (KJ18)
- Angkasapuri KTM Station
- Mid Valley KTM Station
Education
- Universiti Malaya
- Kuen Cheng High School
- Methodist College Kuala Lumpur
- SMK Sri Pantai
- SK Bangsar
- Catholic High School, Petaling Jaya
Medical Care
- LifeCare Medical Centre
- Pantai Medical Centre Kuala Lumpur
- Universiti Malaya Medical Centre
- Taman Desa Medical Centre
Shopping
- KL Gateway Mall
- Nexus Bangsar South
- The Sphere
- Mid Valley Megamall
- The Gardens Mall
- Bangsar Village 1 & 2
- Bangsar Shopping Centre
Recreation
- Bangsar South Central Park
- Bukit Gasing
- Taman Jaya Recreational Park
- CHI Fitness, Nexus Bangsar South
- Anytime Fitness, KL Gateway Mall
Analysis
Located in a self-sustaining, contemporary township that is host to many upmarket commercial, retail, residential, and F&B establishments, South View Serviced Apartments is a favoured residential option.
With its contemporary design, layout options, modern-styled facilities and prime location, it is not surprising that South View Serviced Apartments has attracted the likes of many working professionals and expatriates working in Kampung Kerinchi and the nearby areas.
The developer of Bangsar South has also taken many value-added initiatives to ensure comfort and safety for the residents and patrons.
Over 2,000 units of CCTVs and over 400 panic buttons have been installed at various locations, and basement parking of the major establishments are conveniently interconnected. The presence of patrolling guards and auxiliary police is also a common sight.
On the downside, with several adjacent on-going projects and its location being very close to the Federal Highway, the constant noise can pose as a disturbance for some, especially for those on the lower floors. South View Serviced Apartments also has very high density in comparison to other developments in the area.
Nevertheless, this freehold development has great investment potential. This is further enhanced with Bangsar South’s MSC Malaysia Cybercentre status which is inviting to many corporate businesses and investors.
South View Serviced Apartments was one of the higher priced developments in Bangsar South but with the subsequent development of more up-scale serviced residence in the area, its price is considered attractive with room for capital appreciation.
During its much anticipated launch, several sales incentives and discounts were offered and reportedly received good response with the smaller units being taken up quickly.
As at February 2021, it is expected to garner a gross rental yield of approximately 3.4% per annum. It should be noted that rental has taken quite a hit in the past year as a consequence of the COVID-19 pandemic and general sentiments of uncertainty. Some owners have also taken to letting-out their units for short-term stays on hotel booking sites.
Here’s a look at residential properties in Bangsar South.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
South View Serviced Apartments by UOA Group |
Freehold |
Serviced Residence |
2017 |
648 – 1,119 sq ft |
From RM640,350 |
|
Pantai Panorama by Amcorp Properties Berhad |
Freehold |
Condominium |
1996 |
700 sq ft – 6,000 sq ft |
From RM530,000 |
|
Andalucia by YTL Land & Development Bhd |
Leasehold |
Condominium |
2010 |
1,292 sq ft – 2,300 sq ft |
From RM298,000 |
|
The Park Residences by UOA Group |
Leasehold |
Condominium |
2011 |
1,260 – 2,095 sq ft |
RM629,600 |
|
Camelia Services Suites by UOA Development Bhd |
Leasehold |
Serviced Residence |
2014 |
638 sq ft, 861 sq ft & 1,419 sq ft |
From RM590,000 |
|
KL Gateway Premium Residences by Suez Capital Sdn Bhd |
Leasehold |
Serviced Residence |
2018 |
1,143 sq ft – 1,449 sq ft |
From RM1.18 million
|
|
Freehold |
Serviced Residence |
2019 |
647 sq ft –1,441 sq ft
|
From RM720,000 |
|
|
Leasehold |
Apartment Suites |
2023 |
948 – 2,002 sq ft |
From RM700,000 |
Summary
In line with UOA Group’s basic objective to develop and invest in quality properties, South View Serviced Apartments is no exception.
Located within the perimeter of the group’s developments in Bangsar South, South View Serviced Apartments could be ideal for busy and discerning urban dwellers who hunts for convenience and leisure in the shortest radius possible.
Listings on PropertyGuru.com.my indicate an asking price of RM750,000 for a furnished 990 sq ft 3-bedroom 2-bathroom unit at South View Serviced Apartments, while asking rental for a similar unit is in the range of RM2,500 per month.
Here are estimated loan figures for a South View Serviced Apartments unit priced at RM750,000.
- LTV / margin of finance: 90%
- Down payment (10%): RM75,000
- Loan amount: RM675,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM2,919
- Approximate required gross annual income: RM107,000*
* Assumptions: No monthly debt obligations, with 30% of gross income spent on housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
Calculations are based on the PropertyGuru Home Loan Calculator, and the PropertyGuru Home Loan Eligibility and Affordability Calculator. Adjust the figures to suit your financial situation!
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