Hampshire Residences, Persiaran Hampshire
This condo has been open for booking since their soft launch late last year, and the official launch is planned to be held some time next month. We’ve been seeing their buntings along the KL roads for some time, so the other day we decided to turn into Persiaran Hampshire to check them out.
Persiaran Hampshire is a short road looping from Jalan Ampang near Corus Hotel (formerly Ming Court). At the moment, there is the well-known Hampshire Park, developed by Tan & Tan just next to the project site. Next to Hampshire Park, there is 2Hampshire by Benetton Properties under construction. On the other side of Hampshire Residences is an empty plot of land, where UOL is rumoured to be planning a condominium. On the other side of the road, directly in front of the site, is a large piece of land housing a few bungalows.
There are two towers in Hampshire Residences, A and B. Booking is available for block A at the moment, when the official launch happens, both towers will be available. There are about 202 units per block.
With the plot ratio, the developers have opted to have 4 to 7 units per floor for 33 floors (4 levels of parking below), with the sizes ranging from 753sq.ft to 2,399sq.ft. Is should be noted that some larger units are available in Block B but not in Block A. The smallest 753sq.ft Type A are studio units, based on a square layout concept. 753sq.ft is quite large for a studio apartment actually, and they have generously provided 2 balconies, and even an entrance foyer. The larger units have 2+1 to 4+1 rooms. The mid-sized units are also square or rectangular shaped.
The larger units, from 1,270sq.ft to 2,399sq.ft are the ones where the design shines through. First off, they’ve ditched the square-ish layout. Then there is of course, more space all round. We especially like the units above 2,000sq.ft, a huge private lift lobby, an even bigger balcony, and a spacious combined living-dining-study. And with 4+1 rooms.
The 5 smaller units per floor share a common lift lobby served by 4 lifts, the two larger units share 2 private lifts.
Developer is giving some freebies together with the unit, like air-conditioning, kitchen cabinets and built-in wardrobes. For more details, check with the salespeople. As for the facilities, what’s provided is pretty standard stuff, nothing spectacular compared to the competition.
We found the area surrounding Hampshire Residences to be quite peaceful, even with the few condos under development. Since the avenue is quite short, there isn’t much land to be developed, so it lends an air of serenity to the area, somewhat secluded from the daily honking traffic jams a few roads away. Behind it, there is a view of the Yap Kwan Seng area, including the massive Phileo & AmBank buildings. We’re not sure if there would be a good view of the Twin Towers, but those who place importance in those aspects may have already booked units in condos with a much better view. We also liked the fact that it wasn’t as dense as some other condos, with some green area maintained around the towers.
This is Zelan’s first property development project. Their construction arm is quite big in M&E works and power plant construction. A few of our friends joined their massive power plant project somewhere in South Johore, we wonder where they all are at the moment… Tronoh, as most of you would know, are a huge conglomerate in the country, with many diversified interests. This project is developed in association with the Singapore GLC Capitaland. Kiaraville and Tiffani by i-ZEN are also jointly developed by them. Just like Tiffani, Hampshire Residences are also managed by United Permas, one of Capitaland’s subsidiaries.
| Project Name | Hampshire Residences |
| Location | Persiaran Hampshire |
| Description | High end condominium on commercial title |
| Land type | Commercial freehold |
| Price | RM500,000 to RM1,654,000 (average about RM620psf.) |
| Unit size | 753sq.ft to 2,399sq.ft |
| No. of units | about 400 (202 per tower) |
| Launch Date | official launch soon (booking now available) |
| Expected Completion | early 2009 |
| Developer | Zelan Development Sdn. Bhd. (subsidiary of Tronoh Consolidated Bhd.) |
| JV Partner | Capitaland Financial |
| Managed by | United Permas (subsidiary of Capitaland) |
| Contact | 03 – 2164 3626 |
| Website | www.hampshireresidences.com |
| Marketing agent | Knight Frank Ooi & Zahari S/B |
Hi
Having been looking around the KLCC area for possible investment. This development with average price of 600-700psf is more affordable than other developments in the same area. But I do have a few concerns.
Wondering if there is too much condo in the area and since I buy for investment, whether I can find a tenant.
With the soft launch last year and now the offical launch, also their marketing to Arab purchasers and now early bird discount of 5%, the take-up rate is only 40%. This is also despite the fact, their units are much cheaper than other developments in the area. Any reason that purchasers/investors staying away? Or perhaps, the economy is not doing that well so less buyers/investors can afford to buy/invest.
I know that Zelan is part of Tronoh group but with this project on at earthworks stage, what are the possibility of it being abandoned later like Nas Pavillion.
Comments from admin and viewers welcomed.
Comment by Charlieboy — October 12, 2006 @ 9:51 am
obviously looking for tenants 2 yrs from now when this condo is completed will be harder than today, as in 2 yrs time there’ll be 25 more condos ready competing with tenants like you do.
If you’re looking for expat renters, they’re a finicky lot, and rightly so. with a huge housing allowance, they can afford to shop around for the condo with the best facilities, quietest surroundings, proximity to LRT, etc.
so, in that sense, the kLCC condo marketing is getting nearer to satuaration soon. Unless in the next year there is a boom and influx in top dollar expats.
Comment by Administrator — October 12, 2006 @ 10:08 am
That is precisely my worry, over supply, looking at the rate of new projects. So as a property investor going into the market at this point in time, what would my best shot be?
Comment by Charlieboy — October 16, 2006 @ 2:36 pm
well, investing is really personal preference, isn’t it? It depends on a lot of personal factors like risk, financing and familiarity. KLCC condos are luxury units, you’d be expecting high returns for that kind of money. there are a lot of places to invest in as we speak, maybe you should widen your scope in terms of area.
Comment by Administrator — October 19, 2006 @ 5:41 pm
I’m planning to invest in KL and I think KLCC cold be a good option. I’ve been offered single apartment in Hampshire residence and I wonder wheter it’s a good oportunitty in terms of rental returns and increasing the price of the condo.
Regarding the seccurity of the purchase, at this stage of the construction do you think is possible not to complete
Comment by JOSE ANGEL — January 7, 2007 @ 11:43 pm
I am looking for an investment property in KL. I am considering Hamphsire residence, MyHabitat and Bintang Fairlane Residences.
Like others, I am worried about the oversupply situation in KL area.
What is your take?
You mentioned about widening our scope in terms of area, any good recommendations?
Thanks a lot.
Comment by tahoo — January 8, 2007 @ 7:43 pm
tahoo,
if you’re talking about the klcc area only, i think there signs of oversupply are already showing. in terms of looking for alternatives, KL is too big a city to speak in broad terms, i’d strongly suggest you get the advice of an agent to find the right investment tailored to your needs and criteria.
Comment by Administrator — January 9, 2007 @ 4:56 pm
I’m considering between the 1-bedroom and 2-bedroom units. Which one do you think would have a better investment value?
Comment by Bonnie Wu — March 23, 2007 @ 5:31 pm
bonnie
if for investment, i’d go for two.
Comment by Administrator — March 24, 2007 @ 12:07 am
I live outside Malaysia and surprised there were many comments made about KL properties not able to be completed. I like the Hampshire Residences especially becos of the location, names of the developers involved (Capitaland is a global property player and unlikely will let you down), freehold land and most importantly at a laggard price of US200 psf, it is a darn bargain. I am not surprised we can see the prices leap as early as end of this year as things hot up even more in Asia!
Comment by Bullish — April 18, 2007 @ 12:28 am
Hi Bullish,
I agree with you! The prices are really leaping in KL areas. The only thing I dont like with Malaysia property scene is the developer does not allow sub sale for uncompleted projects. In Singapore, before a project is completed, its quite usual to change many hands of ownerships for the same unit for uncompleted project. This can spur the property market further.
Comment by Cheong — June 14, 2007 @ 12:01 am
Can anyone tell me the difference between commercial freehold and freehold.Thanks.
Comment by john man — July 8, 2007 @ 3:42 pm
john man,
there are two separate matters refered to here. Commercial is refering to the land type or usage. Freehold refers to the tenure, as opposed to leasehold.
Comment by Administrator — July 11, 2007 @ 9:25 pm
Greetings,
I am looking at Hampshire Place sub-sale at 660K for a studio unit of 764 sqft.
I wonder if the price is reasonable.
How much does unit as small as this would be able to leased for?
Cheers,
Lin
Comment by Lin — March 6, 2008 @ 10:24 am