在目前吉隆坡市场状况下，发展商如何为业主创造更好的生活空间是值得思考的问题。 Lake City在规划之初就将“家庭活动全龄设计”融入项目整体规划设计之中，最大化的利用湖景资源，打造3个社区空间，6个生活场景。 超过千多名参观者抢先参观Lake City的品牌展厅和体验馆开放。 Lake City 不仅展示了吉隆坡北部的潜在前景，还通过“轨道+社区”模式改变居住者的生活习惯，节省大量通勤时间，提高生活效率。Lake City 体验馆内也通过演示，展现未来生活的功能及物业管理。 其中还包括独特的风车型设计提升更大的景观面，通过手机移动程序控制的智能安保社区系统，健康公园生活和2公里湖畔休闲跑道。 Lake City为住户的带来了生活上的需求提升。 其充满科技感的体验馆展示Lake City如何规划此开发，以及在购买后物业和科技所带来的社区和生活方式。
Lake City 品牌展厅开放时间为每天上午9点至晚上9点，位于吉隆坡Taman Wahyu。 目前首开四个户型展示，包括943平方英尺（3间卧室和2间浴室），1,122 平方英尺（3间卧室和2间浴室），1,484平方英尺（4间卧室和3间浴室），1,687平方英尺（4 + 1间卧室和5间浴室），现在开放预定排号， 尊享优先选房权，更可享受额外折扣。
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.
Fu (center) and the top management of Country Garden Malaysia at the unveiling ceremony.
KUALA LUMPUR (Aug 14): China property developer Country Garden and Malaysian developer Perdana ParkCity have officially unveiled the master plan for a joint development Lake City @ KL North at an event here today.
Located in Taman Wahyu, near Kepong in Kuala Lumpur, Lake City @ KL North will be an 80-acre project that includes a hotel, office, park, shopping mall, connectivity and apartment community (HOPSCA) and transit-oriented development (TOD) to be undertaken by Country Garden Malaysia and Perdana ParkCity, the developer of Desa ParkCity in Kuala Lumpur.
“HOPSCA projects essentially create the ideal habitat model and address the needs of homeowners who are looking for inter-connectivity to its surrounding areas. Sitting on 80 acres of prime land, Lake City @ KL North will be able to increase economic activities to create new jobs, ease sustainability and transportation issues, establish landmarks for the city, and create synergistic communities,” said Country Garden Malaysia regional president Jason Fu in his welcome speech at the event.
Unveiling Lake City Project Fu said Lake City @ KL North will offer communal and lifestyle elements.
He added that properties in KL North saw strong price appreciation largely due to the upcoming mass rapid transit or MRT 2 line.
“More specifically with seven out of the 26 proposed MRT 2 stations slated to be within the vicinity, urban transformation efforts will be put into place as the need for more residences and updated infrastructure start to surface,” said Fu.
The development is also well connected by several highways such as the Damansara – Puchong Highway, the DUKE Highway and the Middle Ring Road 2.
While details of the project have yet to be finalised, Fu said Lake City @ KL North seeks to further redefine the benchmark of quality living for its residents as it will offer communal and lifestyle elements featuring a 2km Lake Promenade, a Lake Club, a Smart Community app and community areas.
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.
Joint Venture Announcement press release was published on The Star, The Edge Property, The Edge Markets, Sin Chew Daily and China Press by the second week of April 2018. Destined to inspire and rejuvenate the thriving KL North, a one-of-a-kind urban HOPSCA city awaits you.
