We are pleased to announce that the project has reached a significant milestone: the structural framework has been topped out.
This achievement marks a crucial phase in the construction process, and we extend our gratitude to all team members and partners for their dedication and hard work.
(Photos taken on 8th July 2024)
JUNE 2024
Block A – Completed 2A, 2B on floor 34th, 2D on floor 26th
Block B – Completed 2A, 2B on floor 36th, 2D on floor 26th
Block C – Completed 2A, 2B on floor 36th, 2D on floor 26th
(Photos were taken on 05/06/2024.)
MAY 2024
Block A – Completed 2A, 2B on floor 28th, 2C on floor 17th, 2D on floor 20th. Block B – Completed 2A, 2B on floor 30th, 2C on floor 18th, 2D on floor 20th. Block C – Completed 2A, 2B on floor 30th, 2C on floor 18th, 2D on floor 20th.
(Photos were taken on 06/05/2024.)
APRIL 2024
Lake City’s 2nd Phase Development- Baron Residence progress update.
Block A – Completed 2A, 2B on floor 23th, 2C on floor 13th, 2D on floor 13th
Block B – Completed 2A, 2B on floor 25th, 2C on floor 14th, 2D on floor 13th
Block C – Completed 2A, 2B on floor 25th, 2C on floor 14th, 2D on floor 13th
(Photos were taken on 5th April 2024.)
MARCH 2024
Lake City’s 2nd Phase Development- Baron Residence progress update.
Block A – Completed 2A, 2B on floor 18th, 2C on floor 13th, 2D on floor 10th
Block B – Completed 2A, 2B on floor 19th, 2C on floor 14th, 2D on floor 10th
Block C – Completed 2A, 2B on floor 20th, 2C on floor 14th, 2D on floor 10th
(Photos were taken on 2nd March 2024.)
JAN 2024
Lake City’s 2nd Phase Development- Baron Residence progress update.
Block A – Completed 2A, 2B on floor 8th, 2C on floor 3th, 2D on floor 3th.
Block B – Completed 2A, 2B on floor 9th, 2C on floor 3th, 2D on floor 3th.
Block C – Completed 2A, 2B on floor 10th, 2C on floor 4th, 2D on floor 4th.
(Photos were taken on 16th Jan 2024.)
2023.Nov
Baron Residence (2nd Phase Work Progress) Block A – Completed 2A & 2B on floor 5th Block B – Completed 2A & 2B on floor 6th Block C – Completed 2A & 2B on floor 6th
Baron Residence @Lake City（2nd Phase Construction Progress） Lake City Township 1st Phase & 2nd phase Development @ Kepong
2023.Oct
Baron Residence (2nd Phase Work Progress) Block A – Completed 2A & 2B on floor 1st Block B – Completed 2A & 2B on floor 2nd Block C – Completed 2A & 2B on floor 3rd
2023. AUG
Baron Residence (2nd Phase Work Progress) Block A – Completed 2A ; Block B – Completed 2A ; Block C – Completed 2A & 2B on floor 1st
Aradia Residence (Lake City 1st Phase Development ) Block A – Completed 2B & 2E & 2F & 2G; Block B – Completed 2B & 2E & 2F & 2G; Block C – Completed 2B & 2E & 2F & 2G;
2023.Aug
Aradia Residence (Lake City 一期发展) Block A – Completed 2B & 2E; Block B – Completed 2B & 2E; Block C – Completed 2B & 2E.
” Your new home is coming soon. “
2023.Jun
Aradia Residence (Lake City’s 1st Phase Development) Block A – Completed 2B & 2E on floor 42nd; Block B – Completed 2B & 2E on floor 42nd; Block C – Completed 2B & 2E.
Aradia Residence – Lake City’s first phase development Block A – Completed 2B & 2E on floor 39th; Block B – Completed 2B & 2E on floor 38th; Block C – Completed 2B & 2E.
Lake City 综合体房地产发展第一期 – Aradia Residence
Aradia Residence Construction Progress @ Lake City (1st Phase Development)
2023.Apr
Aradia Residence – Lake City’s first phase development Block A – Completed 2B & 2E on floor 36th; Block B – Completed 2B & 2E on floor 37th; Block C – Completed 2B & 2E.
2023.April2023.April
2023.Mar
Aradia Residence – Lake City’s first phase development Block A – Completed 2B & 2E on floor 30th; Block B – Completed 2B & 2E on floor 29th; Block C – Completed 2B & 2E on floor 40th.
“Maybe that’s the best part of going away for a vacation — coming home again.”
— Madeleine L’Engle
2023.Feb
Aradia Residence – Lake City’s first phase development Block A – Completed 2B & 2E on floor 28th; Block B – Completed 2B & 2E on floor 25th; Block C – Completed 2B & 2E on floor 38th.
Lake City Township Development Phase 1 – Aradia ResidenceLake City Township Development Phase 1 – Aradia ResidenceLake City 综合体房地产发展第一期 – Aradia Residence
“Home is the nicest word there is.”
— Laura Ingalls Wilder
2023.Jan
Aradia Residence – Lake City’s first phase development Block A – Stage 2B on floor 42th & 2E on floor 17th; Block B – Completed 2B & 2E on floor 21st; Block C – Completed 2B & 2E on floor 31st.
“Home is where the heart is.”
— Proverb
2022.Dec
Aradia Residence – Lake City’s first phase development Block A – Stage 2B on floor 38th & 2E on floor 14th; Block B – Stage 2B on floor 42th & 2E on floor 19th; Block C – Completed 2B and 2E on floor 29th.
Aradia Residence Construction Progress Dec.2022Aradia Residence Construction Progress Dec.2022
2022.Nov
Aradia Residence – Lake City’s first phase development Block A – Stage 2B on floor 36th & 2E on floor 12th; Block B – Stage 2B on floor 42th & 2E on floor 18th; Block C – Completed 2B and 2E on floor 28th.
Aradia Residence Construction Progress Nov.2022
Aradia Residence Construction Progress Nov.2022
Aradia Residence Construction Progress Nov.2022
2022.Oct
Aradia Residence – Lake City’s first phase development Block A-Stage 2B on floor 31th & 2E on floor 9th; Block B-Stage 2B on floor 39th & 2E on floor 12th; Block C-Completed 2B and 2E on floor 27th.
Aradia Residence Construction Progress Oct.2022 Panorama View
Lake City Celebrates Topping Up Ceremony For Phase 1 Tower C Of Aradia Residence @KL NORTH
2022.08.31
2022.Sep
Aradia Residence – Lake City’s first phase development Block A-Stage 2B on floor 27th & 2E on floor 6th; Block B-Stage 2B on floor 35th & 2E on floor 10th; Block C-Completed 2B and 2E on floor 27th.
Aradia Residence Construction Progress Sep.2022Aradia Residence Construction Progress Sep.2022
2022.Aug
Aradia Residence – Lake City’s first phase development Block A – Stage 2B on floor 25th & 2E on floor 5th; Block B – Stage 2B on floor 32nd & 2E on floor 8th; Block C – Completed 2B and 2E on floor 25th.
Aradia Tower A, B & C Construction Progress Aug.2022Aradia Residence Tower C Completed Stage 2B Construction Progress Aug.2022
2022.Jun
Lake City’s first phase of development – Aradia Residence has completed the construction stage of 2(A) and Block A partially 2(D), Block B 2E partially 2(E), Block C partially 2(E)
Lake City’s first phase of development – Aradia Residence has completed the construction stage of 2(a) and partially 2(b).
Aradia Residence Oct.2021Aradia Residence Oct.2021Aradia Residence @ Lake City – 16.Nov.2021. 2(a) Completion Stage & partially 2(b).
2020.Oct
Pilling progress for Lake City’s first phase, Aradia Residence is completed and now is undergoing the structural framework that begins in Oct.2020.
Aradia Residence @ Lake City – 11.Dec.2020. Structural Framework Process
Property Under Construction in Malaysia, its Progressive Payment Schedule are broken down into 5 main stages. namely signing of Sale and Purchase Agreement (SPA), various completion stages of the development, vacant possession, submission for subdivision of building, and final payments.
1. Signing of Sale and Purchase Agreement (SPA)
2. Within twenty one (21) working days after receipt by the Purchaser of the Vendor’s written notice of the completion of : (a) the work below ground level including piling and foundation of the said Building comprising the said Parcel. (b) the reinforced concrete framework and floor slab of the said Parcel. (c) the walls of the said Parcel with door and window frames placed in position. (d) the roofing/ceiling, electrical wiring, plumbing (without fittings), gas piping (if any)and internal telephone trunk and cabling to the said Parcel. (e) the internal and external plastering of the said Parcel. (f) the sewerage works serving the said Building. (g) the drains serving the said Building. (h) the roads serving the said Building.
3. On the date the Purchaser takes possession of the said Parcel with water and electricity supply ready for connection to the said Parcel.
4. Within twenty-one (21)working days after receipt by the Purchaser of the written confirmation of the Vendor‘s submission to and acceptance by the Appropriate Authority of the application for subdivision of the said Building.
5. On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor‘s solicitor as a stakeholder for payment to the Vendor as follows : (a) two point five per centum (2.5%)at the expiry of six (6)months after the date the Purchaser takes vacant possession of the said Parcel. (b) two point five percent (2.5%) at the expiry of eighteen (18) months after the date the Purchaser takes vacant possession of the said Parcel.
Lake City KL North, Phase 2 development – Baron Residence will unveil a New Show Unit on Saturday 3.Sept.2022. this 3 bedrooms high-rise home comes in a size of 1129 sq. ft, which meets most family needs.
The gallery is open daily from 9 am to 6 pm, this famous Keyless Entry Home let home buyers can view the technology at its Exhibition Hall. Visit to get updated on the future home and real estate trends. Call +603-6241 9210 to make a visiting tour with the developer’s in-house consultant or clickto get more info.
Premier Malaysian cartographer Mr.Ho Chin Soon, chairman of Ho Chin Soon Research. Unveils 5 major topics of《Kuala Lumpur 2021 & Beyond!》.
Share with your friends and family !
“The major shift in attention towards KL North has been quite significant over the past few years
said Mr.Ho Chin Soon“
Demographic trends of Malaysia Greater KL: A Mega-City：Where will we house the additional 2.7million population
Market Sentiment & Future Products ： over 10 years from 2010 to 2020. It can be observed that overall high rise properties within the area of KL north have a slight increase of 1.8%.
Kuala Lumpur: Follow The Infrastructure： connecting the Green Area and the Blue Corridor as Urban Ecological Nodes, Integration of Nature in Urban Development, developing eco-friendly green city drainages as a city biodiversity habitat.
MRT3 Circle Line: 3 different videos showing the MRT 3 station in Mont Kiara, the MRT 3 station of Desa Pandan.
Integrated Developments & Transport Oriented Developments Kuala Lumpur North: A Growth Location
Mr. Ho reiterates the growing population in Greater KL. Property prices have doubled in the past 10 years, and specifically, KL north has been performing decently well compared to some other locations (For High-rise residential) and MRT 3 is one of the most exciting infrastructures for Greater KL. looked again at aerial photos of Lake City @ KL North. Imagining what it will be like in the future.
KUALA LUMPUR 2021 & BEYOND
Malaysian cartographer Ho Chin Soon unveil 5 major topics of 《Kuala Lumpur 2021 & Beyond !》
Greater KL is growing at 2.4% per annum and will have an additional 2.7 million residents by year 2030.
Of major excitement is the recently announced MRT3 Circle Line. MRT Corp’s alignment compared with the KL Structure Plan 2040 alignment. 2 examples will be discussed in detail. Mont Kiara Station and Desa Pandan Station.
Lake City @ KL North is an exceptional unique Integrated Development that cannot be found anywhere else in Malaysia.
He also touched on Market Sentiments and Future Property Products (better Ventilation) in the Video. Tomorrow please click the link to enjoy the show: http://lakecitykl.com/mapmaker-to-unveil-kuala-lumpur-2021-beyond/
Lake City come back with exclusive promotion! With only RM168, you can own your lakefront living smart technology property at ease!
R ｜🤩 New Year Super Deals M｜ 🔥RM 168 to own a home 1 ｜️ 💯Free maintenance fee or Free Clubhouse Membership* 6 ｜ 💝0% interest-free up to 10 years 8 ｜ ️☎️
Lake City KL Kepong Diamond City Semenyih landed property
Enjoy Lake City’s season of giving in order to celebrate Christmas by joining the lucky draw event!
Bring home your Christmas gift by coming to Lake City Property Gallery and join our lucky draw for free. Don’t forget to share this joy with your family and friends!
Ho…ho…ho… Christmas is coming
✅GPS: LAKE CITY PROPERTY GALLERY https://rb.gy/vpglj7 ☎️More info: or 1300-22-9999
* Terms and conditions apply. All Images and photographs are artist’s impression only. The organizer/developer reserves the right to explain and define, alter, change, or cancel the event and/or information without prior notice,
Lake City 不仅仅持续为其公寓买家提升更人性化的系统，这次还特别引进全新智能化进行3.0版的提升就是为了给准备在雪隆置办房屋的大马人拥有更优质的生活环境，感受全套社区未来的智能，同时也是最符合政府2040的大吉隆玻发展目标发展项目。Lake City 销售厅也设立了智能体验馆供人士参观，让到访者现场体验未来居在这里的优势。
* Terms and conditions apply. All Images and photographs are artist’s impression only. The organizer/developer reserves the right to explain and define, alter, change, or cancel the event and/or information without prior notice.
Enjoy Free Flow Alcohol at Lake City Chillin’ Hotspot!
🤩 Tiger Crystal 🍻 Gin Tonic 🍸 Orange 🍊 Free flow 🔥at this September from 6-9 pm!
⭐️ Bring your friends and family to Enjoy the best lakefront living lifestyle. 🏡 Exclusive offer for Lake City Owner, present your owner card, grab it with RM28.80. non-owner can purchase with RM48.80.
Click HERE to book a FREE consultant and experience hall tour
Lake City KL North first phase, Aradia Residence is an- 4.38 acres development, 3 blocks, 44 floors (8 floors parking lots), with 1003 units. The facilities deck at the ninth floor will have at least 37 facilities and it is designed for all ages, for the outdoor facilities, such as yoga deck, star-watching deck, multi-functional stadium (basketball and badminton court), barbecue area, green maze, outdoor children’s playground, outdoor fitness, sunset viewing deck, jacuzzi pool, swimming pool, children’s swimming pool and stage and etc. We also provide indoor facilities such as reading room, snooker room, dart room, table tennis room, table football, KTV room, indoor children’s playground, sauna room, indoor yoga room and indoor gymnasium and etc.
Aradia Residence have 6 types of unit with different sizes. The development comes with with 8-Tier security system, Smart Community System, HOPSCA Development, TOD Development, Ingenious Architecture Design, Multi-Dimensional Landscape and Lakefront Healthy Living.
You can conveniently view the show unit online now !
Click HERE for Experience and Share it to your Friends
Embrace a Wonderful Living
visit to know more a better home for happy family.
Click to book a FREE consultant and experience hall tour.
THE social demographics of Kuala Lumpur are changing and the Kuala Lumpur Structure Plan 2040 (KLSP2040) will play a critical role in ensuring the city’s development complements its new social landscape.
Click to book a FREE consultant and experience hall tour.
Artificial intelligence and smart technology are bringing convenience to a whole new level. Lake City providing residents with innovative technology through the smart community app that provides intelligent access to residents.
Quality of Life
· Information Technology Centre (ICT) · Maternal and children health services · Sports & recreation center · One stop payment center · Library
· Youth family and parents support services · Café · Neighborhood garden · Multipurpose community center
Connecting the Green Area and the Blue Corridor as Urban Ecological Nodes
We care about community cohesiveness and the livability healthy lifestyle for all our owners. Nature in our daily lives enhances the strength of social ties among neighbors by encouraging the use of common spaces with est. 2KM long lake promenade. Lake City brings you a place where residents and nature thrive.
Development of Low Carbon Buildings & Environment
Living on the frontline of against climate change and low carbon in Lake City. This advance development encompasses frameworks planning and policies suitable to execute. Maintain and develop within a water flow environment to enhancing resilience against climate change. Pinwheel architecture design constructed with the environment in mind, creating an energy-efficient, environmentally friendly house.
Efficient and Environmentally Friendly Mobility
Embracing TOD with LAKE CITY, The Mass Rapid Transit (MRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line, better known as MRT2 is 70% completed. (2020.January, New Straits Times). People will increasingly use public transport, thus supporting local businesses to make neighbourhoods a place to live, work and spend time in. The direct effect and benefits from MRT / MRT2 are clearly seen. In 2040, public transport will be taking the major part in according to provide quality of life in neighborhoods and sustainable living.
Increasing the quality of vehicles and facilities such as taxi stops that are friendly. comfortable and safe by all levels of society including the disabled
Lake City provides safe, comfortable, and enjoyable pedestrian walkways to all residences, it is important to consider the quality of life and creating a balanced vision, a place that people want to live and move within. If moving without the protection of an enclosed vehicle, pedestrians engage all senses and are the most vulnerable users.
Building more roads would solve traffic problems for the short term but this will invite the use of more vehicles and the traffic problem will continue. Time control and car park charge will be used to control the demand for car park spaces in different areas in the future.
Encouraging Transit-Oriented Development (TOD)
The existing land strategic location within the transit-oriented development (TOD) radius increases the renewal potential of this area.
Integrated and Sustainable Development
Transit-Oriented Development (TOD) is integrated development in the radius of walking from the terminal/transit transportation hub. Lake City strategy located at Sri Delima Station and Taman Wahyu KTM station, promoting sustainable urban growth, within the radius of est. 400m.
District Improvement Programme (DIP)
Regeneration involves the physical, social, and economic aspects. Social environmental and symbolic values of brownfield sites are important and the quality of life of the population. Many communities have settled around these sites and the continuity of their community is important beyond the use of the site and its function as a place for employment.
Click to book a FREE consultant and experience hall tour.
Enjoy 10% discount for Club by the lake Wine Room and Skybar usage.
15% discount on Club by the lake Shun De Gong’s food and beverage.
Exclusive free of use for GYM room and Swimming Pool.
Exclusive discount for first-time use on booking Forest City Golf Resort and Forest City Phoneix Hotel.
FIRST, you can enjoy the priority participate authority of all activities organized by Lake City. There are various weekly activities that we hold in our Sales Gallery, e.g. Weekend D.I.Y Workshop, Expert Talks and some interesting trips, e.g. 2 days 1-night Forest City Golf Trip, for you to spend your leisure time and also meet your pursuit of life and happiness.
SECOND, the owner privilege does not stop here. Owners with the card can enjoy our swimming pool and gym facilities with FREE of charge, but the only thing is to make an appointment in advance. And, you are also given the preferential rate to use the “Club by the Lake” KTV, dine in Lake City Shundegong Restaurant & Sky Bar, and enjoy the accommodation for the first time stay in Forest City Phoenix Hotel, Golf Hotel as well as a trial session at Forest City Golf Course.
THIRD, it is good for you for being the first to know our new launch projects if you are a savvy market watcher. It is really cool to become the Lake City owners, right? We are striving to provide more excellent benefits for our owners.
*Terms & Conditions apply.
Call 1300-22-9999 for booking or contact your sales consultant for more info.
📣【Lake City 11.11 Giveaways】🎉 10 BIG prizes are being given out! Grab all prizes at once, and the prizes include Huawei P30 Pro Handphone, Petrol Card, Shun De Gong Food Voucher and so on.
1 weekly winner will be drawn out on LIVE at “Lake City KL North” official FB Page. Join the LUCKY DRAW now by sharing the post and inviting 3 of your FB friends to LIKE Lake City Facebook Page https://www.facebook.com/lakecitykl/ & VISIT Lake City Sales Gallery in person to fill in lucky draw ticket🎫
Following the
overwhelming support received for its preview and grand opening, Country
Garden’s Lake City project, strategically situated in KL North, held a grand
launching over the weekend that allowed potential homeowners and investors to
select their future homes in addition to enjoying attractive promotional
packages.
Lake City Set to provide an upgraded, holistic, and sustainable living experience for future residents, Lake City is one of the pioneer projects to follow the HOPSCA concept that refers to the ‘Hotel, Office, Park, Shopping Mall, Connectivity and Apartments’ community. The highly anticipated Lake City emphasizes the creation of a complete neighborhood that adopts urban functions and integrates with the external city through an efficient transportation system, reducing the need to commute for long periods to bring convenience to overall aspects of life. Its Lake Promenade will also provide healthy living options for residents with jogging, cycling, and yoga amenities.
Thank you for being a part of Lake City, Sales Gallery open from 9 am – 9 pm daily.
Lake City Sales Gallery No. 100, Jalan Sibu, Taman Wahyu, 68100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.
WAZE : https://waze.com/ul/hw28639199
Google : https://goo.gl/maps/ztiTpVtzUURmu956A
Malaysia’s Largest Inflatable Theme Park at Lake City
14th Sept. Dato’ Dr Ammar A. Ghapar, Senior Director, Domestic & Events Malaysia Tourism Promotion Board will be here! Presenting LAKE CITY the special award recognition by Malaysia Book of Records for ‘Malaysia’s Largest Inflatable Theme Park”! Register your FREE Tickets here
Major areas located north of Kuala Lumpur such as Kepong, Batu Caves, Selayang and Sentul, have seen rapid growth with real estate values on the rise despite the overall property market slowdown in recent years.
Nawawi Tie Leung managing director Eddy Wong sees KL North’s properties offering strong growth potential due to its proximity to Kuala Lumpur city centre and its good connectivity to other areas in the Klang Valley.
“It is [KL North] served by the MRT (mass rapid transit) and the KTM train lines while the Middle Ring Road 2 (MRR2) and Duta-Ulu Kelang Expressway (DUKE) (phase 1, 2 and 3) links it to other areas in Kuala Lumpur. The easy access and connectivity will continue to spur the interest of property investors and homebuyers in KL North areas,” says Wong.
He notes that the decades old areas of Kepong and Sentul especially, appear to be well placed to benefit from the MRT infrastructure as there are several MRT stations serving these two neighborhoods.
“They are also connected via the DUKE highway to various parts of Kuala Lumpur. The gradual gentrification of these old areas with the mushrooming of new developments will raise their overall appeal, provided property prices do not run ahead of the market,” says Wong.
According to Laurelcap Sdn Bhd executive director Stanley Toh, KL North fares better than KL South currently in terms of housing values, but poorer against KL Central. For example, Laurelcap’s data shows that the average transacted price of terraced houses in KL North is about RM750,962 as at 1H2019 whilst in KL South, the average price of similar homes is currently trending at RM729,921. In KL Central, terraced houses are hovering around RM1.07 million on average currently.
Toh also favours Kepong and its surrounding areas as the most promising for future growth potential.
“Kepong will be the star of KL North’s property scene mainly due to recent investments by property developers in the area which will give the immediate surroundings a facelift, including Two major shareholders comprise of Country Garden and Perdana ParkCity Sdn. Bhd. in Taman Wahyu, called Lake City @ KL North,” Laurelcap’s Toh reveals.
Lake City is a 80-acre lake side township project in Taman Wahyu. (Photos by Low Yen Yeing / EdgeProp.my)
Lake City @ KL North is a 80-acre hotel, office, park, shopping mall, connectivity and apartments community (HOPSCA) and transit-oriented development (TOD) township project jointly developed by Country Garden Malaysia and Perdana ParkCity, the developer of Desa ParkCity. It is also Country Garden’s first Kuala Lumpur project.
Located just 13km north from KL city center, Kepong is a former mining town surrounded by mountain ranges and is home to one of the largest forest reserves in the Klang Valley – the Recreational Forest Bukit Lagong. It also boasts the sizeable Taman Metropolitan lake park.
Since the official announcement of the MRT Sungai Buloh – Serdang – Putrajaya line (SSP Line) in 2014, Kepong has drawn new interest from property developers, investors and homebuyers.
The Sri Delima MRT Station is slated for completion in 2021.
“Since them, at least six new residential projects have been launched along Jalan Kepong, the main thoroughfare of the town and the route that the MRT stations follow,” says Kepong veteran real estate negotiator Alan Chin from Yit Seng Realty.
The 52.2-km SSP Line or MRT 2 offers a total of 35 stations. The two-phase construction is expected to be fully operational in the second half of 2022. The first 10 stations from Sungai Buloh to Kampung Baru will begin operations as early as July 2021.
There are five SSP Line stations in Kepong, namely Kepong Sentral, Metro Prima, Kepong Baru, Jinjang and Seri Delima. All of them fall under the first phase of the project.
“It is good news that the public transport infrastructure is being upgraded in Kepong. It has given a boost to property prices and drawn many buyers outside of Kepong,” Chin notes.
Impressive housing price growth
According to EdgeProp.my data, there were some 755 residential properties in Kepong that were sold in 2018. The average transacted price saw an impressive 5.45% y-o-y growth outperforming the 3.31% growth recorded in the Malaysia House Price Index for 2018 released by the National Property Information Centre.
Over the past five years from 2014, the average transacted price for residential properties in Kepong has experienced an outstanding growth of 19.17%.
Kepong is undeniably one of the most popular property hot spots in the Klang Valley currently.
However, Chin says the current traffic congestion in Kepong town could pose a temporary challenge to its property market.
“Kepong has become busier than ever and with new high-density residential projects along the four-lane Jalan Kepong coming up, we can expect more congestion when these are completed and occupied.
“Nevertheless, the upcoming MRT stations in Kepong could help ease the traffic congestion when they are operational. Furthermore, Kuala Lumpur City Hall is doing a good job in widening Kepong’s roads and adding new access roads.
“I do not think the traffic problem will impact the potential of Kepong’s property market in the future,” shares Chin.
A gem in Kepong
Taman Wahyu is located right outside of the heart of Kepong.
In terms of potential growth areas within Kepong itself, Chin singled out Taman Wahyu, calling it a hidden gem in Kepong as the place is still under the radar of homebuyers and property investors.
“Do you know Taman Wahyu is only seven minutes away from KL city centre without traffic? In fact, Taman Wahyu is closer to Kuala Lumpur than Kepong town center.
“Most buyers of new developments in Taman Wahyu are locals. All of them are selling very well with an average take-up of 80%,” says Chin.
Neighbouring Batu Caves, Jinjang and Jalan Ipoh, Taman Wahyu is a matured housing estate situated next to a scenic lake along the MRR2. Currently, the area is served by the Taman Wahyu KTM station and in future, by the Sri Delima MRT station.
“Taman Wahyu is located right outside Kepong town center and close to Kuala Lumpur city. The MRR2 exit is right next to the Taman. From the free highway you can also connect to the New Klang Valley Expressway and the Damansara-Puchong Highway,” he notes.
Taman Wahyu is more than 34 years old and is home to a total of 429 terraced houses and 42 shop houses. As a matured housing estate, there are established amenities nearby, like schools, medical centres, shops and others.
EdgeProp.my’s data shows that over the past five years, the average transacted price of terraced houses in Taman Wahyu has shot up by 95% in 2018 from 2014. One can expect the growth trend to continue moving forward, thanks to improvements in the public transportation system and connectivity.
With TOD, people increasingly use public transport, inadvertently supporting local businesses to make neighbourhoods a place to live, work and spend time.
Mr. Ho indicates of an upcoming TOD-focused project being jointly developed in KL North by Fortune Global 500 property developer, Country Garden, and Perdana ParkCity, an established and reputable property developer in Malaysia, “Lake City is slated to be a coveted TOD-focused property for Malaysians to reap the benefits from – consisting of an integrated mixed-use development with various activities available, walkways and cycling lanes, public amenities, availability of feeder busses and green buildings. These also correlate to the said developers’ HOPSCA concept referring to a large-scale, mixed use, commercial urban development”.
HOPSCA is a term that refers to the ‘Hotel, Offices, Parking, Shopping Mall, Connectivity and Apartments’ community.
Thus, in contrast to a single-use development, such an integrated project requires a multi-pronged and multi-approach perspective in order to develop engagement with the community. Lake City is touted to be as multi-faceted as life itself, providing lakeside living for a wholesome living environment.
What’s more, future homeowners of Lake City will be able to foster a close sense of community through its vibrant waterfront area. Inspired by Kuala Lumpur’s very own ‘River of Life’ – the area is set to be the heartbeat of the development that offers high economic and commercial value, seamlessly connecting the lives of all residents and not only deliver housing, but also new employment opportunities, raise public transportation efficiencies, and reduce traffic demand.
As Malaysia’s property market is poised to gather further momentum moving into the second half of 2019, it is certain that property will remain to be a favourable investment option for many in Malaysia as the number of property investors in Malaysia grows. Touted to be the next big area, KL North has all the requisites for a good investment. Whether its location, type of property, accessibility, infrastructure, or public amenities, KL North is set to thrust its residences to a state of living that can only benefit them for the coming years.
Not to mention the different terms developers are using for their projects nowadays – would a township, mixed-use development, or transit-oriented development be suitable for you and your family? More importantly, would it be worth investing in?
Before taking this big decision, consider the following details:
Price point – does the project fit your budget?
Location – is it central enough for your needs? Is it close to industrial areas which may affect the noise levels of the area?
Connectivity – does it contribute to the ease of your daily commute?
Facilities and amenities – are places like shopping malls, hospitals, schools, shophouses, and fire stations made easily accessible?
An area that is getting the attention of potential homeowners is KL North. Covering areas such as Kepong, Selayang, Sentul, and Jalan Kuching, the Department of Statistics estimates its population to reach 10 million by the year 2020. Thus, it is not surprising that property prices in KL North have been high in demand for the past few years.
Potential aplenty for residents of KL North
KL North’s new property development boom was set off by the announcement of the MRT2 construction. What made the area more appealing was the heightened focus that was put on KL North in terms of the number of MRT2 stations proposed in the area – 7 out of the 26 stations would be catered to residents here – helping greatly with congestion, accessibility and overall growth.
Other than these proposed MRT2 stations, KL North is being further boosted with new developments and infrastructure such as several new highways, shopping malls, and commercial hubs.
Speaking at the ‘KUALA LUMPUR: The Coming Years’ sharing session held on 3 August, Ho Chin Soon, renowned mapmaker and Chairman of Ho Chin Soon Research, KL North has the potential to become a holistic hub that meets the needs of urbanites.
“KL North is surrounded by matured neighbourhoods developed with a myriad of options between landed and high-rise residences. Coupled with the continuous yet strategic developments, properties in KL North are scheduled to appreciate in value thus, expected to unlock future potential. Which is good news for first time homeowners who are looking for affordable properties that are close to the city centre,” he said.
“In fact, we are seeing an upward trend in the majority of homeowners looking to invest in condominiums or serviced residences. With 75% of urban residents projected to live in high-rise dwellings, developers are constructing projects that are able to make a provision for desirable and affordable housing in addition to good connectivity, simultaneously looking into revitalising economic development around transportation hubs,” he added.
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