Lido Residency is a brand new leasehold condominium still in the works, targeted to be completed in the year 2016. It is a highly anticipated project from SCP (Cheras) Sdn Bhd located on Jalan Loke Yew in Cheras, in Bandar Sri Permaisuri. It is located approximately only 10 minutes away from the city centre of Kuala Lumpur with the Kuala Lumpur International Airport (KLIA) only 45 minutes away.Built on a 1.2 acre plot of land, Lido Residency is a high rise development with 32 storeys and a low density of only 294 units. There will be six different types of layouts, with built-ups ranging between 897 sf and 1,636 sf. Launch prices are rather steep at between RM756,960 and RM1,376,160.Being a brand new condominium in an era where there is much competition in the property sector, the developer of Lido Residency is handing out much freebies such as free air-conditioners and two years free maintenance fees. Amongst the other monetary benefits are free SPA fees and free legal fees.There will be much entertainment at Lido Residency, with many facilities provided. Amongst the basics are the swimming pool, bubble pool, children's playground and barbecue area, as well as a gymnasium and jogging track for the adults. There will also be a spa pool and yoga deck, while covered parking and 24-hour security is a given.Being located almost within the city centre, Lido Residency enjoys much benefits such as its proximity to many major shopping complexes like the Bukit Bintang Plaza, 1 Shamelin Shopping Mall and Farenheit88. Both primary and secondary schools are also plentiful in the area with the nearest medical centre being the Universiti Kebangsaan Hospital only 5 minutes away.Lido Residency's location is its main selling point, as it is located on the main trunk road Jalan Loke Yew which provides excellent connectivity to the city centre as well as to many highways such as the Kuala Lumpur - Seremban Highway and the Karak Highway. Public transportation is also very convenient with two different bus stops on Jalan Yaacob Latif, which is a very short walking distance from the condominium.
Property Details
Name: Lido Residency Address: Jalan Yaacob Latif, Bandar Sri Permaisuri, 56000 Cheras, Kuala Lumpur Developer: SCP (Cheras) Sdn Bhd Completion Date: 2016 (estimate) Type: Condominium Tenure: Leasehold No. of Blocks: 1 No. of Storey: 32 No. of Units: 294 No. of Bedrooms Type A: 3 + 1 Type B: 3 + 1 Type C1: 3 Type D1: 3 Type E1: 3 Type F1: 2 No. of Bathrooms Type A: 3 Type B: 2 Type C1: 2 Type D1: 2 Type E1: 2 Type F1: 1 Land Area: 1.2 acres Built-up Type A: 1,527 sf Type B: 1,290 sf Type C1: 1,137 sf Type D1: 1,093 sf Type E1: 987 sf Type F1: 962 sf Maintenance Fee: RM0.30 psf Launch Price: Between RM756,960 - RM1,376,160Facilities
Gym Bubble pool Swimming pool Garden Cafeteria area Surau Multipurpose hall Changing rooms Children’s pool and water play area Spa pool Laundrette room Children’s playground Kindergarten room Barbecue pit Yoga deckAnalysis
Lido Residency is deemed to be an extremely hot item in the market now with its extremely good location within minutes of the city centre. Buyers might however turned off from the project due to the heavy traffic in the area, where Jalan Yaacob Latif where the condominium is located is usually congested partway, which continues to Jalan Cheras.The connectivity of Lido Residency is however very good, and the developer can expect an extremely good take-up rate especially from property speculators. The neighbourhood surrounding the area consist of residential areas as well as night markets, a stadium and a school, hence, residents can expect a very busy lifestyle here.Lido Residency is expected to be an extremely good investment in lieu of its location, in spite of its rather steep price despite its leasehold title. New homebuyers who are looking for homes for their own stay close to the city centre ought to be able to find themselves a very good deal at Lido Residency.
