Pertama Residency

Pertama Residency (also known as Pertama Residency Designer Suites) is an exclusive modern designer suites. It is located right at the junction of Jalan Loke Yew and Jalan Cheras, mere minutes from KL city centre, Taman Maluri and Cheras areas. This is the maiden residential project by its developer, Evolusi Bina. Previously they have done USJ Nine19en and Digital Mall in Section 14 Petaling Jaya.Pertama Residency houses 312 studio designer suites, each measuring 610 sf. Bottom level of the building is for shops, next 5 levels for parking bays, and the other remaining of 13 floors are studio suites. It was launched on 18 March 2007 and expected to be completed in the end of 2009.Each unit of Pertama Residency is fully furnished with contemporary themed interior design. The living area comprises of a TV cabinet, a 2-seater sofa, two chairs with a coffee table, a 32" LCD TV (offered for buyers during grand launching) and 1-HP air-conditioner. Each kitchen is fitted with a set of kitchen cabinet, a washing machine with dryer, a fridge and a kitchen hood. The bedroom comes with a wardrobe with mirror panel, bed and mattress, two side tables and a 1-HP air-conditioner. A private Jacuzzi is equipped in the bathroom together with a water heater. Besides that, residents also get to enjoy WiFi connectivity. Location wise, Pertama Residency is strategically located within 15 minutes walking distance to Maluri LRT station and Jusco Taman Maluri. You can shop your household needs from Jusco Taman Maluri. Alternatively, you can take a short drive to Tesco Extra or Leisure Mall. KL Downtown Night is located just meters away from the condominium. There are two recreational parks located nearby, namely Taman Tasik Permaisuri and Pudu Ulu Park. Kuala Lumpur Swimming Complex and Bandar Tun Razak Sports Complex are also located nearby. Moreover, Hospital Universiti Kebangsaan Malaysia is located only within few kilometres from the condominium.In term of accessibility, one can utilize either Jalan Loke Yew or Cheras to the city centre. Also, one can head towards Jalan Cheras and access Cheras-Kajang Highway to reach the rest of Cheras neighborhoods, Kajang and Seremban. Plus, you can utilize East-West Highway (Lebuhraya Hubungan Timur-Barat) (access via Bandar Tun Razak) to reach Mid Valley City and its surrounding area. KESAS highway is not very far as well, you can utilize it to reach Subang, Shah Alam and Klang.

Property Details

Name: Pertama Residency (also known as Pertama Residency Designer Suites)

Address: Jalan 5/92B, off Jalan Cheras, Kuala Lumpur

Developer: Evolusi Bina (a subsidiary of SM Land Group)

Completion Date: End 2009

Type: Serviced Residence

Tenure: Leasehold

No. of Blocks: 1

No. of Storey: 19

No. of Units: 312

Land Area: 1.5 acres

Built-up: 610 sf

Maintenance Fee: RM0.25 psf

Launch Price: RM178,800 - RM198,800

Subsale Price:

Rental:

Facilities

24-hour security

Lounge bar

Swimming pool

WiFi

Market Trends

Analysis

There are 2 general layout options available from Pertama Residency, with balcony or without balcony. But it is a very narrow balcony, so do not expect to lie down on your lazy chair and read newspaper during weekend. In terms of view, it depends whether your unit facing Kuala Lumpur or Cheras neighborhood. One of its major drawbacks of Pertama Residency is each unit does not come with any parking bay. You can purchase the parking bay or renting it. It is priced at RM50,000 for purchase and RM960 for rental per annum. Alternatively, you can illegally park your car along the roadside. Besides that, it charges 25 sen psf for its maintenance fee, which is quite high comparing with others within the same league. Even the maintenance fee of Ampang Putra Residency is tagged at 20 sen psf with similar facilities, and almost similar pricing for its studio unit. The traffic surrounding Pertama Residency is crammed at most times. Expect long hours drive as you drive along Jalan Cheras and Jalan Loke Yew. Perhaps, commuting to work via LRT is the best option than driving.As the project is almost complete, most claimed that the workmanship delivered is good. And some complained about lack of quality on the materials used as the developer used white tiles instead as marble design tile. But nothing to shout about before they pass the keys to the owners around September and October 2009.Investment wise, the pricing of Pertama Residency will definitely hoop to at least RM330 psf once it is completed. In terms of rental, some owners set their hopes high to tag their house from RM3,360 per month, similar to PGRM's Sri Cempaka Service Suites, which seems impossible. Somewhere around RM1,500 seems more doable.