StarParc Point is a business hub sited on 5 acres of freehold land in Setapak, Kuala Lumpur. It is another development by Mah Sing Group, a reputable developer which is behind many projects such as Taman Aman Perdana, Icon Residence and Bayu Sekamat to name a few. It is within close proximity to KL Festival City and also Plaza Crystalville.StarParc Point comprises of a total of 156 units spread amongst 3- and 6-storey retail cum office suites blocks. Each unit have lot size of 24' x 70' with built-up size ranging from 1,264 sf to 6,904 sf. Several facilities are provided that include parking lots, private washrooms and pantry for office units, broadband service and 24-hour security.StarParc Point is within close vicinity to an abundance of amenities. Apart from the amenities provided, tenants and patrons can simply head over to the shop lots area along Jalan Genting Klang which is just across the road. Residents get to choose from the wide selection of restaurants and eateries and not only that, there are also banks, petrol stations, workshops, clinics and even a center market situated there. Columbia Asia Hospital which is still under construction will be the nearest hospital situated to StarParc Point which is basically just a 7 minutes short walk away. Apart from that, Hospital Danau Kota is also a 9 minutes short walk away.StarParc Point is surrounded by a number of schools within a 5 minutes short drive away such as SM Pendidikan Khas Setapak Buta, SM Teknik Setapak, SK Danau Kota, Sekolah Rendah Agama Assa Adah Seksyen 1 and SK Desa Setapak. It is easily accessible Jalan Genting Kelang and Jalan Taman Ibu Kota. For those who prefer to travel via public transport, the Wangsa Maju RapidKL LRT Station is positioned just 1.2km away.
Property Details
Name: StarParc Point Address: Jalan Genting Klang, 53300, Setapak, Kuala Lumpur Developer: Mah Sing Group Completion Date: 2012 (estimate) Type: Shop-Office Tenure: Freehold No. of Storey: 3 & 6 No. of Units: 156 Land Area: 24' x 70' Built-up: 1,264 - 6,904 sf Launch Price: From 295,000Facilities
Parking lots Private washrooms and pantry for offices Broadband-enabled 24 hours securityAnalysis
StarParc Point is sited on a freehold land while many of the surrounding lands are leasehold lands. Hence, this is definitely a competitive advantage for business hub than the rest. Apart from that, with the upcoming amenities such as Tesco, Parkson and Columbia Asia Hospital, capital appreciation and rental yield look promising. Apart from that, its strategic location along the heavy foot traffic in Jalan Genting Klang, which is one of the main routes to and fro from the Setapak and Danau Kota residential areas, this development project is expected to offer over 8% of rental yield potential.
