Curvo Residences is the final residential phase of the first integrated development in Setapak, SkyArena.
Continue Reading ⋅ 30 January 2023
Southbank Residence is developed by UOA Development Bhd. Strategically located in a prime district along Old Klang Road in Kuala Lumpur, Southbank Residence is within easy reach and close proximity to shopping, dining and leisure hotspots. The name ‘Southbank Residence’ is derived from its location next to the Klang River, directly opposite Bangsar South.
Many of the housing estates in Old Klang Road started since the 1960’s. These include Shanghai Garden, Taman Desa, Taman Overseas United Garden (OUG), Happy Garden, Taman Sri Manja, and Taman Bukit Indah.
Foodies would love being in the Old Klang Road area, as there are plenty of good eats there. Just a quick search will reveal the available food exploration options! If you prefer to be the chef, then there is a wet market further up that’s open daily.
Residents can also get around with ease, as the Kuchai Entrepreneurs Park, Mid Valley Megamall, and KL City Centre are approximately 15 minutes away respectively. The development is also well connected to public transportation, as the Seputeh KTM station at Mid Valley Megamall has a direct link to the KL Sentral transportation hub.
From Maju Expressway (MEX), residents can gain direct access to Kuala Lumpur International Airport (KLIA), North-South Highway, SMART Tunnel, and New Klang Valley Expressway (NKVE).
UOA is also the developer of Bangsar South, an integrated development with a RM10bil gross development value (GDV).
Address: 179, Jalan Klang Lama, 58000 Kuala Lumpur
Property Type: Mixed development
Southbank Phase 1 (Block A & B)
- 2 blocks of 26-storey Serviced Apartments
- 6 blocks of 9-storey Boutique Offices
Southbank Phase 2 (Block C)
- 1 block of 34-storey Suite Apartments, Strata Offices & Shop
Land Title: Commercial
Total Units:
Southbank Phase 1 – Serviced Apartments
- 674 units (Block A: 389 units, Block B: 285 units)
Southbank Phase 2
- Suite Apartments: 167 units
- Strata Offices: 56 units
- Double-Storey Shop: 1 unit
Tenure: Freehold
Gallery: UOA Property Gallery – The Village, Bangsar South City, No. 2, Jalan 1/112H, Off Jalan Kerinchi, 59200 Kuala Lumpur
Gallery GPS Coordinates: 3.112227, 101.662709
Year of Completion: 2017
Built-up Area:
Southbank Phase 1
- Serviced Apartments: 779 sq ft – 978 sq ft
- Boutique Offices: 34,981 sq ft – 44,452 sq ft per block
Southbank Phase 2
- Suite Apartments: 621 sq ft – 1,043 sq ft
- Strata Offices: 425 sq ft – 824 sq ft
- Double-storey Shop: 6,349 sq ft
Facilities:
- Seating area
- Outdoor fitness
- Gazebo
- Reflexology path
- Wading pool
- Shower
- Main lap pool
- Pool deck
- Jacuzzi
- Children’s playground
- Meeting room
- Gymnasium
- Multi-purpose hall
- Cafe
- Kindergarten
- Toilets and changing room
- Trellis
- Preparation area
- Barbeque pit
- Tai Chi deck
Launch Price: From RM566,800
Launch price per sq ft: About RM650 psf
Maintenance fee per sq ft: RM0.22 psf
Project Details
The L-shaped orientated blocks of Southbank Residence has a rather sleek-looking facade. There are two 37-storey blocks, and the development’s facilities are located on the 11th floor. The units start from 12th to 37th floor, while offices and the car park will take up the 1st to 10th floor. Each unit comes with 1 car park.
Block A has a North-South orientation. The North-facing units will enjoy the KLCC/KL Tower view, while the South-facing units will have the pool view/Old Klang Road. Block B has an East-West orientation, where the East-facing units will see the pool/Taman Desa, and the West-facing units will see Bangsar South/Kerinchi. With new upcoming developments in the vicinity, some of these views might be obstructed.
The freehold development has a long list of facilities, including a seating area, outdoor fitness, gazebo, reflexology path, wading pool, shower area, main lap pool, pool deck, jacuzzi, children’s playground, meeting room, gymnasium, multi-purpose hall, cafe, kindergarten, toilets, changing rooms, trellis, preparation area and barbeque pit.
Southbank Residence is close to many shopping, dining, leisure and educational amenities. They include Megatech Institute, restaurants, shop lots, clinics, banks, Mid Valley Megamall, The Gardens, and Pantai Medical Centre.
During its launch, UOA gave a RM55,000 discount. In addition to that, there was a 5% discount from the SPA price.
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Unit Types |
Built-Up |
Launch Price |
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Type A |
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From RM566,800 |
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Type A1 / A2 |
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Type B |
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Type B1 |
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Type C |
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Location
Jalan Klang Lama is noted for its strategic location, as it is likened to a bridge between Kuala Lumpur and the satellite townships of Petaling Jaya and Subang Jaya. In the past, the road’s connectivity and central location worked against it because of the traffic congestion. This was alleviated by a road-widening initiative that began in 2004. It expanded Jalan Klang Lama from 2 lanes to its current width, which varies from 3 to 7 lanes. Despite the road-widening initiative, Old Klang Road is still considered as one of the busiest roads leading to Kuala Lumpur from Jalan Puchong. If the extension of the KL Monorail line through the area materialises, then it could alleviate pressure on the route.
Southbank Residence is easily accessible via Old Klang Road, which is connected to several major highways like the East-West Link Expressway and New Pantai Expressway (NPE). The development is also connected to Federal Highway, Shah Alam Expressway (KESAS), Damansara-Puchong Expressway (LDP), Jalan Puchong, which will lead you to Kinrara Business Centre, and Jalan Kuchai Lama to Kajang Dispersal Link Expressway (SILK Highway).
The nearest KTM station is KTM Pantai Dalam, which is about 1 km away. There are plenty of buses and taxis that service the area. Within a 5km radius, residents will have Mid Valley Megamall (0.3km), KL Sentral (2km) and KL City Centre (3km).
Accessibility
- Jalan Klang Lama
- New Pantai Expressway (NPE) / Jalan Bangsar
- East-West Link Highway
- Federal Highway
- Jalan Kuchai Lama
- KTM Pantai Dalam
- KTM Seputeh
- Kerinchi LRT station
- Universiti LRT station
- Abdullah Hukum LRT station
- Proposed Monorail Station (KL – Mid Valley – Old Klang Road – Bangsar)
Education
- Seri Setia Primary School
- SJK (C) Choong Wen
- Sri Sentosa High School
- Taman Desa High School
- Megatech Institute
- Sri Sentosa High School
- SRJK (C) Yoke Nam
- SMK Katolik
- SMK Assunta
- SJKT Saraswathy
- Vikas International School
- Kuen Cheng Secondary School
Medical Care
- Pantai Medical Centre
Shopping
- Scott Garden
- Pearl Point
- Mid Valley Megamall
Recreation
- Bangsar South City
Analysis
Old Klang Road has great redevelopment potential. It is located between Kuala Lumpur city centre (and Petaling Jaya, and close to two economic hot spots – Mid Valley City and transit-oriented KL Sentral. Old Klang Road is still home to a sizeable number of old buildings, and they present the prospect of redevelopment. More high-rise integrated developments at higher price points are also expected to be built in the area in the next decade, given the decreasing land bank. All these will likely drive home buyers’ and investors’ purchase decisions.
One of the plus points of Old Klang Road is that it is surrounded by mature townships such as Taman Desa, Bangsar, Petaling Jaya, Bandar Sunway, and Puchong. There is also easy access to upcoming areas, such as Bangsar South, KL Eco City, Bandar Malaysia, and Brickfields (where KL Sentral is located). Those working at these areas will appreciate the relatively short distance.
The 52.2km Sungai Buloh-Serdang-Putrajaya Line is due for completion in Q2 of 2022, and it will include a station in Jalan Kuchai Lama. This will be good for a high-density area with active commercial activities where parking is an issue.
The RM4.4 billion River of Life project under the Economic Transformation Programme involves eight rivers, including the Klang and Gombak rivers located within Greater Kuala Lumpur/Klang Valley. Started in 2011 and scheduled for completion in 2020, the project is expected to increase economic activities along Old Klang Road, which runs parallel to the Klang River.
Southbank Residence is located on a commercial land, and hence purchasers will be concerned with the utility charges. Additionally, the price per sq ft is not low. So, investors should consider an exit plan, unless it is for own-stay, then the considerations are different.
Here’s a quick review of properties in Old Klang Road.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Southbank Residence by UOA Development |
Freehold |
Serviced Apartment |
2017 |
779 sq ft – 978 sq ft |
About RM650 psf |
|
9 Seputeh by MRCB |
Leasehold |
Condominium |
2018 |
500 sq ft – 2,500 sq ft |
About RM800 psf |
|
Avantas by CPI |
Freehold |
Serviced Apartment |
2016 |
692 sq ft – 1,249 sq ft |
From RM600 psf |
|
Scott Garden by Aston Villa |
Freehold |
SOHO |
2011 |
775 sq ft – 1,399 sq ft |
From RM460 psf |
|
Residency V by Kerjaya Prospect |
Freehold |
Serviced Apartment |
2017 |
645 sq ft – 909 sq ft |
From RM596 psf |
|
The Petalz by Exsim |
Freehold |
Serviced Apartment |
2016 |
895 sq ft – 1,256 sq ft |
From RM650 psf |
Summary
Old Klang Road and Jalan Kuching have benefited from the influx of new projects and infrastructure. The listed price for Southbank Residence in PropertyGuru in August 2019 is from RM440,000 to RM800,000 (about RM720 psf); while monthly rentals are from RM1,800 to RM2,300 (about RM2.30 psf).
The gross rental yield in July 2019 for Southbank Residence is around 4.1%. It recorded a rental yield of 3.43% in Q4 2017. As for landed residential properties, a 1,800 sq ft house in Taman OUG can fetch a rent of approximately RM2,000 a month in July 2019, which translates into an approximate yield of 2.8%.
The prices of high-rise residential properties in Old Klang Road appreciated by about 6% to 21% from 2012 to 2017. For example, a refurbished Pearl Point condominium of 1,076 sq ft is marketed at approximately RM420,000 in July 2019. In 2012, a similar unit was sold for RM330,000.
With a myriad of property developments currently taking place in Old Klang Road, the area is poised to transform and will grow as a hotspot for property investors and home buyers.
