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.
Continue Reading ⋅ 14 December 2021
Westside 3, also referred to as Westside III, is located at the highly successful 473-acre Desa ParkCity. The RM505 million condominium project is developed by Perdana ParkCity Sdn Bhd, the property arm of Samling Group.
Westside III condominium is developed over 4.27 acres of freehold land, and it achieved a 59% take-up rate (276 units of the 469 units) after its priority launch event on 30 May 2015. The developer mentioned that the interest shown is indeed remarkable given the market sentiment then. There were more than 100 people queueing in front of the sales gallery at 6:30am. Some buyers camped there since 26 May. The award-winning master-planned township of Desa ParkCity has a track record of attracting strong sales for all its launches.
Westside III condominium was constructed by GDB Holdings Bhd, and they completed the project ahead of its contractual completion date. They were also previously contracted by Perdana ParkCity for the construction of One Central Park, a 45-storey condominium, which was delivered over three months ahead of schedule in October 2016.
Address: Jalan Residen Utama, Desa Parkcity, 52200 Kuala Lumpur
Developer: Perdana ParkCity Sdn Bhd
Property Type: Condominium
Land Area: 4.27 acres
Land Title: Residential
Tenure: Freehold
No. of Blocks: 1
No. of Storeys: 47
Total Units: 469
Year of Completion: 2019
Built-up Area: 1,077 sq ft – 1,927 sq ft
Facilities:
Street Level
- Guardhouse
- Jogging track
- Sun deck
- Water amusement park with water jet
- Secret garden
- Sunrise garden
- Pavilion
- Forest
- Adventure playground
- Tennis court
- Parlor
Facility deck (Level 6)
- Facility deck link bridge
- Facility deck lift lobby
- Gym
- Activity deck
- Leisure pool / 40m lap pool
- Jet pool / shallow pool
- Spa pool
- Jacuzzi pool
- Multi-purpose hall
- Terrace
- Barbeque area
- Kids’ funzone with play apparatus
Sky garden
- Level 3, 6, 10, 13a, 18, 22, 26, 30, 33a, 38, 42 & 46
Launch Price: From RM684,972
Launch Price Per Sq Ft: From RM636 per sq ft
Maintenance Fee: RM0.36 per sq ft
Project Details
The units at Westside 3 have a built-up area of between 1,077 sq ft and 1,927 sq ft. The partly furnished units come in 6 types (Type A1, Type A2, Type A3, Type B1, Type C1, and Type C2), and 3 layouts (2 bedrooms + 2 bathrooms, 3 bedrooms + 2 bathrooms, and 3 bedrooms + 4 bathrooms).
The single-phase 47-storey project has a total of 469 units, and the prices started from RM636 per sq ft. The maintenance fee is 36 sen per sq ft. Facilities are on the Street Level and Level 6. They include gardens, sun decks, water amusement park with water jet, adventure playground, tennis court, jogging track, pools, barbeque area, kids’ funzone, and multi-purpose hall, among others. These facilities are exclusively for Westside 3 residents and their guests.
Each unit come with high-quality interiors, with air-conditioners. Each bathroom also come with hot water supply and shower screens. An intercom is also available in each unit, for added security. There are also 1,079 parking bays for residents across 5 levels. The project was completed in 2019, and majority of the buyers were owner-occupiers.
The developer has kept the design concept for its condominiums, which is to create a neighbourhood that encourages interaction amongst neighours. Apart from interaction at the public facilities, the developer has included water dispensers at the lobby, as a point where neighbours could have a chat. They have applied this same concept for Westside 1 and Westside 2.
|
Unit Types |
Built-Up |
|
Type A1 |
· 1,077 sq ft / 1,099 sq ft / 1,163 sq ft / 1,196 sq ft · 2 bedrooms · 2 bathrooms |
|
Type A2 |
· 1,228 sq ft / 1,250 sq ft / 1,336 sq ft · 2 bedrooms · 2 bathrooms |
|
Type A3 |
· 1,271 sq ft / 1,281 sq ft / 1,377 sq ft · 2 bedrooms · 2 bathrooms |
|
Type B1 |
· 1,443 sq ft / 1,454 sq ft / 1,561 sq ft / 1,583 sq ft · 3 bedrooms · 2 bathrooms |
|
Type C1 |
· 1,529 sq ft / 1,540 sq ft / 1,680 sq ft · 3 bedrooms · 4 bathrooms |
|
Type C2 |
· 1,788 sf / 1,798sf / 1,927sf · 3 bedrooms + Study + Utility · 4 bathrooms |
Location
Desa ParkCity is located adjacent to Bandar Menjalara, and it is accessible via several highways, including the Damansara-Puchong Expressway (LDP), Guthrie Corridor Expressway (GCE), and Middle Ring Road 2 (MRR2).
The nearest KTM stations are the Sungai Buloh KTM station, Kepong Sentral KTM station, Segambut KTM station, KTM Taman Kepong station, KTM Kepong Sentral station, and KTM Kepong station.
For entertainment, F&B, grocery shopping, and other services, residents can head to The Waterfront, or Plaza Arkadia. Alternatively, residents can take a quick drive to Damansara Avenue, 1 Utama, The Curve, and IPC Shopping Centre, which are all less than a 10-minute drive. Take a look at the list below.
In fact, Desa ParkCity is just about 15 minutes from Petaling Jaya, Kuala Lumpur, Bangsar and Mont Kiara, which opens up more options for residents.
Accessibility
- Damansara-Puchong Expressway (LDP)
- Guthrie Corridor Expressway (GCE)
- Middle Ring Road 2 (MRR2)
- North-South Highway
Education
- The International School @ ParkCity
- SMK Desa Mahkota
- SJK (C) Kepong (3) ParkCity
- Menjalara High School
- Sekolah Menengah Kebangsaan Sinar Bintang
- SK Bandar Sri Damansara 3
Medical Care
- ParkCity Medical Centre
Shopping
- The Waterfront
- Plaza Arkadia
- ParkCity TownCenter
- Lotus’s Kepong
- Kepong Village Mall
- Damansara Avenue
- Decathlon Sri Damansara
- 1 Utama
- The Curve
- IPC Shopping Centre
Recreation
- The Central Park
- Sunway SPK Damansara Basketball Court
- Bukit Sri Bintang Peak
- Taman Tasik Menjalara
Analysis
Westside 3 was targeted at families, first-time homebuyers, and upgraders. The developer also noted that an increasing number of families have not been hiring maids due to cost and availability. Therefore, the developer started their own premium maid service, ParkCity Cleaners. The service is available to all residents in Desa ParkCity.
Despite the slowdown in the property market, values and rents in Desa ParkCity have remained resilient. There are several factors that lend to this, including a growing expatriate community, the medical centre and international school, daily conveniences, security, and various amenities available to residents.
The Northshore Gardens at Desa ParkCity was launched in 2008 and priced at RM650 per sq ft for the smaller units. A search in PropertyGuru in April 2021, shows that they are going for about RM950 per sq ft. As for Westside 3, it was launched from RM636 per sq ft in 2015, and listings show that units range from RM850 per sq ft to slightly above RM1,000 per sq ft. These prices are way above those in the neighbouring Kepong area, and matching those in Mont’Kiara.
A 1,099 sq ft Westside 3 unit listed for sale on PropertyGuru in April 2021 is about RM1.05 million. For monthly rent, it is listed at approximately RM3,400. Thus, the gross rental yield for such a unit would roughly be 3.89% per annum.
Here’s a quick look at residential properties in the area.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Westside 3 by Perdana ParkCity Sdn Bhd |
Freehold |
Condominium |
2019 |
1,077 sq ft – 1,927 sq ft |
From RM684,972 |
|
Menjalara 18 Residences by Radiant Symphony Sdn Bhd |
Freehold |
Condominium |
2009 |
1,316 sq ft – 3,120 sq ft |
From RM190 per sq ft |
|
Sunway SPK 3 Harmoni by Sunway City Bhd & SPK Bhd |
Freehold |
Townhouse |
2015 |
2,336 sq ft – 2,583 sq ft |
From RM857,000 |
|
Damansara Foresta by Land & General Berhad |
Freehold |
Condominium |
2015 |
1,425 sq ft – 1,610 sq ft |
From RM570,000 (Block A) |
|
Ativo Suites at Damansara Avenue by TA Global Berhad |
Freehold |
Serviced Residence |
2021 |
499 sq ft – 1,498 sq ft |
From RM481,000 |
|
VIM 3 by VST Development Sdn Bhd |
Leasehold |
Serviced Apartment |
2020 |
460 sq ft – 920 sq ft |
From RM289,800 |
|
Mizumi Residences by Wawasan Metro Bina Sdn Bhd |
Leasehold |
Condominium |
2020 |
901 sq ft – 1,027 sq ft |
From RM388,000 |
|
East Parc @ Menjalara by Fiamma Holdings Bhd |
Leasehold |
Serviced Apartment |
2020 |
600 sq ft – 1,522 sq ft |
From RM424,900 |
Summary
Once the market picks up, well-planned townships could rebound first, and at a faster pace. Ultimately, what usually makes a township successful is a focus on residents. Desa ParkCity is a thriving township, and some see it as a good place to get away from the city without being too far away from Kuala Lumpur. There are schools, clinics, shops, eateries, and recreational facilities, all within its township.
According to a public online forum, Westside 3 is close to the NKVE. So, that could mean some noise and dust pollution. It would be best to decide it for yourself. Westside 3 is slightly further from the facilities in the township, and that also means that it is further from the crowds, and thus, could mean a quieter environment.
If you’re interested in a 1,099 sq ft unit at Westside 3 that’s priced at RM1.05 million, here are its estimated loan figures.
- LTV / margin of finance: 80%
- Down payment (20%): RM210,000
- Loan amount: RM840,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM3,772
- Approximate required gross annual income: RM146,000*
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!
If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Loan Pre-Approval tool. It is FREE to use and has a 99.9% accuracy, which 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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