First Residence, Kepong Baru
We spotted this project’s spanking new sales office on the way somewhere the other day. The project is currently on a soft launch, with the official launch coming soon. So at the moment, some of the information we wanted were a little sketchy, but the projects looked interesting to us.
This is a new condo project located above a two floors of a shopping mall, located in Kepong Baru. If you know where the Public Bank is, its just adjacent to it. The project site (and sales office) is right next to 2 blocks of apartments, one newly completed (hard to miss it) and another one just starting their construction phase. According to the salespeople, previously the land was used for agriculture. On the other side of the project are some single storey terrace homes. This is a matured area of Kepong, the roads here are quite narrow and traffic is usually heavy at peak hours.
But Kepong has many charms and with it being a matured neighbourhood, the demand for condominiums will always be there, with a steady market all around it to make up for the demand.
The strip of land here is a long narrow piece, along Jalan Api-Api. Nearby is the TSI Industrial Park, by the same developer. In the past few years there has been a surge of development in the areas surrounding here, marked mainly by Jusco and Carrefour that is along Jalan Kepong and also some newer commercial and residential areas such as Laman Rimbunan by the Faber Group.
Actually maybe to call this a shopping mall may be a slight misnomer, there are two floors of open ended shops on the ground floor. The there are a few floors of parking levels, on top of which is the podium level with the common facilities for the condo. There are 2 identical blocks of units, there first one is set to be open for launch soon. This is the one nearer to the main road. From what we can observe there 12 floors per block, and 20 units per floor for a block. There are 13 different types of units to choose from, with sizes ranging from 930 to 1400sq.ft. Most of the units have 3 bedrooms and 2 baths, except the largest unit types have an additional room making it 4 bedrooms. There is one show unit at the sales gallery, most of these details can be obtained from them.
The units start at about RM220psf, making the cheapest unit at about RM200k onwards. This price can be said to be rather competitive for a location, but having a condo on a shopping mall below may not appeal to many quarters, especially those prefering a more private traditional condominium set-up. But if you are appreciative of the convenience that this location brings, especially proximity to the city centre and its surrounding of a matured township and amenities, plus its pricing, then its worth a look.
The look of the condo isn’t meant to be avant garde or inspiring, the narrow strip of land limits the design option to the linear design chosen here. We think the developer may be right in concentrating the marketing effort on the commercial aspect of the project (the shopping units for sale) to boost the residential units as a result.
On the whole, this project has its strengths, serves as a good entry level for the nearby residents seeking convenience and location.
| Project Name | First Residence |
| Location | Kepong Baru |
| Description | Two blocks of midrise apartments above shopping mall |
| Land type | Leasehold |
| Encumbrance | Charged to MBSB |
| Price | from about RM200k onwards (from about Rm220psf) |
| Unit size | 930 to 1,400sq. ft. |
| No of units | 474 |
| Launch Date | now available |
| Expected Completion | early 2012 |
| Developer | TSI Domain Sdn. Bhd. (A member of the TSI Group) |
| Contact | 012-203 6064 |
| Website | www.tsigm.com |
I don’t think this developer is a member of the Trinity Group, but the TSI Group of companies.
Comment by yk — March 23, 2009 @ 9:29 pm
ah sorry for the typo, corrected.
Comment by Administrator — March 23, 2009 @ 10:02 pm
The price is a little too high…. Others only AROUND RM180 psf….. the price shall be reviewed
Comment by Casser — April 14, 2009 @ 9:28 am
I think the price were reasonable because it will reflect on built quality, but Rm 3++/month for maintenance fee are really high in Kepong area.I went to the show house last Sunday at beginning we were really interested at it but in the end when i ask about the maintenance fee i was shock.Guess not my luck to own one yet….damn. Went to Casa Prima(brother in law got a unit there)spacious and well built lucky him.Little expensive but well worth every penny spent.I were late, it is too expensive for me now….around Rm 270K for 1100 square feet one.
Comment by et — April 26, 2009 @ 12:20 am
I also shock by the maintenance fees, hear that is about RM0.20 to RM0.25 per sqf…will it too expensive?any one can find out how much>?
Comment by House Tracker — June 21, 2009 @ 5:41 pm
i really want to buy it,isn’t worth to invest?
Comment by jan — August 13, 2009 @ 3:08 am
eyeing for 2 units now:-
930sqft - RM252k, 1074sqft-RM262k
most concern is the high maintenance fees. planning to buy for investment (re-sell or rent)
Please advice if this worth and how’s the appreciation? Is kepong and afford this high living condo?
Comment by carmen — August 19, 2009 @ 11:23 am