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Continue Reading ⋅ 26 October 2021
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, about 40km from Kuala Lumpur.
The township encompasses landed homes, condominiums, wellness apartments, shop offices, a mall, office towers, a hotel, and a convention centre. The Eco Sanctuary township is developed by EcoWorld Development Group.
As EcoWorld develops townships over the years, various elements have been introduced, including digitally enabled communities, and wellness components such as the Eco Sanctuary Care Hub. This hub is Malaysia’s first 24/7 in-condominium care service designed.
This pilot project kicked off in The Parque Residences, where the hub offers 24/7 nurse-on-call services and a care manager to attend to any care service requests.
The Parque Residences was marketed as a low density, luxury condominium development, with 7 acres of green, open spaces. The residence was completed in 2018.
Address: Eco Sanctuary, 42500 Selangor
Developer: Eco Sanctuary Sdn Bhd
Property Type: Condominium
Land Area: 27 acres
Land Title: Residential
Tenure: Leasehold
No. of Blocks: 6
No. of Storeys: 20 to 25 storeys
Total Units: 1,088
Sales Gallery: EcoWorld Gallery @ Eco Sanctuary, Lot 41296, Persiaran Eco Sanctuary, 42500 Telok Panglima Garang, Selangor
Year of Completion: 2018
Built-up Area: 516 sq ft – 1,388 sq ft
Facilities:
- Gazebo
- 360 degree garden
- The Stones – Gravel beach
- The Pool
- Jacuzzi
- The Revel – Entertainment room
- Grillmasters Station – BBQ deck
- Surau
- Serenity spa (space provision)
- Eco Sanctuary Care Hub
- The Chillax – Outdoor waiting lounge
- Book Nook – Reading area
- Funtasia – Playground (phase 2)
- Café (space provision)
- Born 2 Swim – Children’s swimming pool
- Hydrotherapy pool – Fruit orchard
- Zenergy – Yoga deck & gym
- Outdoor gym
- Steam room & changing room
- Convenience centre – Laundry, minimart & childcare centre space
- The Splash – Waterpark & children’s playground
- Seasons Boulevard
- The Multitude – Badminton courts & table tennis
- The Nets – Basketball court
- Steam room & changing room
Launch Price: From RM397,000
Launch Price Per Sq Ft: Average of RM700 per sq ft
Maintenance Fee: About RM0.30 per sq ft
Project Details
The Parque Residences features six 20- to 25-storey residential blocks with 1,088 units. The first phase of three blocks comprises 597 units with built-up sizes ranging from 516 sq ft to 1,388 sq ft. The selling price started from RM397,000.
There are over 28 facilities at The Parque Residences, including a swimming pool, cafe and entertainment room, gymnasium, badminton courts, convenience centre, jogging path, yoga deck, entertainment room, and community garden, among others. The list of facilities is in the ‘Introduction’ section above.
The Parque Residences has a 60,000 sq ft clubhouse, where the Eco Sanctuary Care Hub (Malaysia’s first 24/7 in-condominium care service) is located. This is a concept pioneered by Eco Sanctuary, and the hub is operated by Aged Care Group Sdn Bhd (ACG). The hub offers services that working adults with elderly parents or young children living with them will appreciate. It provides peace of mind, knowing that someone at the hub can look out for their parents.
The maintenance fee is about 30 sen per sq ft, and it includes a once-a-month free consultation for a resident of each unit at the care hub by a doctor, whilst a nurse is available 24/7 to handle any emergencies.
|
Unit Types |
Built-Up |
|
Type A1 |
· 925 sq ft · 1 + 1 bedrooms · 1 bathroom · Standard unit: – Type A1a & A1b – Type A1a-P & A1b-P (private garden) |
|
Type A2 |
· 979 sq ft · 2 bedrooms · 1 bathroom · 1 feature bathroom · Standard unit: Type A2a & A2b |
|
Type A3 |
· 925 sq ft · 2 bedrooms · 2 bathrooms · Standard unit: – Type A3a & A3b – Type A3a-P & A3b-P (private garden) |
|
Type B |
· 1,302 sq ft · 3 bedrooms · 2 bathrooms · Standard unit: – Type B2b – B2a-P& B2b-P (private garden) · Dual volume: – Type B1a & B1b – Type B1a-P & B1b-P (private garden) |
|
Type C |
· 1,388 sq ft · 2 + 1 bedrooms · 1 bathroom · 1 feature bathroom · Standard unit: Type C3a & C3b · Dual volume: Type C1a & C1b |
|
Type C |
· 1,388 sq ft · 3 bedrooms · 1 bathroom · 1 feature bathroom · Dual key & double volume: Type C2a & C2b |
|
Type D |
· 1,356 sq ft · 2 + 1 bedrooms · 2 bathrooms · Standard unit: Type D2a & D2b · Double volume: Type D1a & D1b |
|
Type E |
· 731 sq ft · 1 bedroom · 1 bathroom · Standard unit: – Type E1a & E1b – Type E1a-P & E1b-P (private garden) |
|
Type F |
· 516 sq ft · Studio · Standard unit: – Type F1a & F1b – Type F1a-P & F1b-P (private garden) |
|
Type G |
· 721 sq ft · 1 + 1 bedrooms · 1 bathroom · Standard unit: – Type G1a & G1b – Type G1a-P & G1b-P (private garden) |
Location
The Parque Residences at Eco Sanctuary has access to a myriad of amenities within a 5km radius. The township is also served by a network of expressways and arterial roads, including Shah Alam Expressway (KESAS), Kemuning-Shah Alam Highway (LKSA), North South Expressway Central Link (ELITE), and South Klang Valley Expressway (SKVE).
Additionally, the West Coast Expressway (WCE) links Banting and Port Klang to Taiping. It is also connected to the Kuala Lumpur-Kuala Selangor Expressway (LATAR) which enables residents to skip heavy traffic to Petaling Jaya. There is also a shuttle bus service connecting The Parque Residences to the commercial hub in the township, Eco Sanctuary City.
Accessibility
- North–South Expressway Central Link (ELITE)
- Kemuning–Shah Alam Highway (LKSA)
- Shah Alam Expressway (KESAS)
- South Klang Valley Expressway (SKVE
- West Coast Expressway (WCE)
Education
- Oasis International School
- SK Bukit Kemuning
- SMK Kota Kemuning
- Tenby International School Tropicana
- MAHSA University
Medical Care
- Columbia Asia Hospital
Shopping
- Sanctuary Mall
- Quayside Mall
- AEON BiG
- Giant Hypermarket
- Hero Market
- Maxvalue Store
Recreation
- Eco World Residence Club
- Bukit Kemuning Golf & Country Resort
- Tropicana Aman Central Park
- Kota Permai Golf & Country Club
- Hill park
- Cyberjaya Community Club
- Paya Indah Wetland
- Putrajaya Botanical Garden
Analysis
According to the developer, there are customers who bought a unit at The Parque Residences as their retirement home. This is due to its amenities, greenery and safe environment. Most of them are currently staying in landed homes and want to downsize as their children have left home.
There are also younger buyers who can’t afford the landed homes in Eco Sanctuary just yet, and they have chosen to start with high-rise units in the township before upsizing their property in the future.
The sale price of a 925 sq ft unit listed on PropertyGuru in November 2021 is from RM568,000 to RM690,000. Meanwhile, rent is between RM1,500 and RM2,300 per month. Based on these figures, the approximate gross rental yield is as below:
- Purchase price: RM600,000
- Rent out: RM1,800 per month
- Gross rental yield: About 6% per annum
Here’s a quick look at residential properties in Kota Kemuning.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
The Parque Residences at Eco Sanctuary by EcoWorld |
Leasehold |
Condominium |
2018 |
516 sq ft – 1,388 sq ft |
From RM397,000 |
|
Periwinkle Residence @ Bandar Rimbayu by IJM Land Berhad |
Leasehold |
2-storey semi-d / bungalows |
2016 |
2,035 sq ft – 2,267 sq ft |
From RM916,800 |
|
Grandezza at Eco Sanctuary by EcoWorld |
Leasehold |
Semi-detached |
2019
|
2,903 sq ft – 6,075 sq ft |
From RM1.9 million |
|
Casa at twentyfive.7 by Gamuda Land |
Leasehold
|
Double-storey semi-detached |
2020 |
3,023 sq ft
|
From RM1.99 million
|
|
Dalia Residences by Tropicana Aman Sdn Bhd |
Leasehold
|
Double-storey semi-detached
|
2020 |
3,976 sq ft – 4,803 sq ft
|
From RM1.8 million
|
|
Broadleaf Residences by BCB Berhad |
Leasehold
|
3-storey semi-detached |
2020 |
4,654 sq ft – 6,081 sq ft |
From RM2.2 million |
|
Amber Residence by Gamuda Land |
Leasehold
|
Serviced apartment |
2021 |
552 sq ft – 1,000 sq ft
|
From RM417,800
|
|
Elemen Residences by Tropicana Corporation Bhd |
Leasehold
|
2-storey terrace / superlink |
2022 |
3,013 sq ft – 3,172 sq ft
|
From RM1.06 million
|
|
Sencilia @ Eco Sanctuary by Eco World |
Leasehold |
2-storey terrace house |
2023 |
1,719 sq ft & 1,737 sq ft |
From RM888,000 |
|
Duduk Se.Ruang at Eco Sanctuary by EcoWorld |
Leasehold
|
Serviced Residence |
2023 |
570 sq ft & 1,000 sq ft
|
From RM393,000 |
Summary
An upcoming launch at Eco Sanctuary will be Eden by The Parque Residences. There will only be 294 units, ranging from 1,065 sq ft to 1,200 sq ft, with 3 bedrooms and 2 bathrooms. Each unit will come with 2 carpark lots, and the development is expected to feature resort-themed facilities. Eden by The Parque Residences is scheduled for completion in Q1 of 2025.
Meanwhile, here are some estimated loan figures for a 925 sq ft unit at The Parque Residences listed for sale at RM600,000.
- LTV / margin of finance: 90%
- Down payment (20%): RM60,000
- Loan amount: RM540,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM2,425
- Approximate required gross annual income: RM94,000*
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* Assumptions: You have no other monthly debt obligations, and 30% of gross income is spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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