Taman Residensi

Taman Residensi is a prosperous and developed area in Jalan Ipoh that is home to the wealthy with prices that range in the millions. The neighbourhood was fully completed around 2008 and sits on over 73 acres of leasehold land which expires in 2106. Taman Residensi houses KiPark Sri Utara and was developed by KIP Land. The houses in Taman Residensi all come with rather large built ups with the norm being triple storey terrace houses that comes with an auction price of RM840,000 and the lowest selling price of RM1,200,000. Built-ups of the homes come at the smallest of approximately 3,098 sf and ranges up to 4,300 sf with 5 bedrooms and 6 toilets. Rental prices on the other hand are affordable with the starting price of RM1,500 per month. Every house in Taman Residensi comes with a balcony on the second floor which doubles as a parking roof for cars parked in the porch. This provides covered parking for at least 2 cars, and more if the owner has done renovations to extend the balcony. Many of the houses are partially furnished as they have been lived in before, and many of them have also been renovated on before. Kitchens are extended as far as 10 feet out, a feat made possible by the ample land around. Being a neighbourhood that serves the upper market, Taman Residensi provides its residents with 24-hours security to ensure their safety, as well as means of exercise with the jogging park. Understanding the parent’s needs for a child care centre, the neighbourhood also provides a nursery for their use. A playground and park are also available for evening outings. Residents are fortunate that it not only provides them posh and exclusive homes, but is also a central location that places them close to Tesco Extra, Brem Mall and various other necessities such as petrol stations, schools and business parks. Taman Residensi is highly accessible via many highly travelled main roads such as the MRR2, NKVE, Sprint Highway, Jalan Kuching and Jalan Ipoh. The Sentul Commuter and RapidKL Sentul serves the area so residents can take the public transport as an alternative to driving out.

Property Details

Name: Taman Residensi

Address: Jalan Ipoh, 52100 Kuala Lumpur

Developer: KIP Land

Completion Date: 2008

Type: 3-Storey Terrace House

Tenure: Leasehold

No. of Storey: 3

No. of Units: 170

No. of Bedrooms: From 4

No. of Bathrooms: From 4

Land Area: 73 acres

Built-up: From 2,846 sf

Subsale Price:

Rental:

Facilities

Jogging track

Nursery

Playground

Park

Analysis

The mastermind behind Taman Residensi is KIP Land which was founded in 1993. They develop land in Klang Valley and Johor, and are planning to penetrate the office and hotel market in 2013. Besides KiPark Sri Utara the developer has also developed a few other housing projects. Residents of Taman Residensi will have to face heavy traffic during peak hours outside their homes as the area is well known for being congested during then; however the neighbourhood might just be exclusive enough for residents to put up with the traffic. Buyers might want to take into account the history of the place when making a purchase as in 2008-2009 the residents were wrongfully charged commercial quit rent due to negligence of the developer. The residents had to go through a mighty lot of hassle before the issue was rectified and their money refunded which may be part of the reason why there are so many units of the houses in Taman Residensi are on sale now.Investors might want to take note of the above issue if they plan to buy a house in Taman Residensi and do their homework to check if the issue has been fully rectified and whether it will repeat itself in future. Buyers looking for a permanent home will also want to look at the above issues as inasmuch as the houses here are spacious, beautifully decorated and well located, they wouldn’t want to go through the same problems when the time comes for them to pay their quit rent. Other than that, Taman Residensi is a lovely place to live in.