Affordable housing project offers win-win budget solution for buyers
A decently priced, stylish home with high-end amenities is usually located on the outskirts or far from the city centre. But sometimes, great residential projects open up opportunities to own the perfect property within your budget, right in the middle of the city.
Residensi Advena by Selangor State Development Corporation (PKNS), located within the matured, economic pulse of Section 16, Shah Alam offers all the amenities of luxury living, with an affordable price tag of RM388,000 to RM398,000.
The price also lowers the entry barrier for Malaysians to own a home of their own, creating a broader home-ownership market, especially for single adults and buyers of low-income groups.
With the recent spate of rate hikes by Bank Negara Malaysia (BNM), the average rakyat fret the rising cost of home loans, however, properties are also the ideal asset to hedge against the increasing inflation. With its affordable price, Residensi Advena promises high returns on investment and asset stability despite the pressing macroeconomic conditions in the market.
Additionally, its medium-cost status also qualifies buyers for numerous incentives such as stamp duty exemptions for first-time home buyers and guarantee schemes, as well as attractive home loan packages offered by financial institutions. Affordability is a major decision-making factor for homeowners, apart from quality, design and accessibility.
Residensi Advena reflects PKNS’s commitment to expanding its offering of attainably-priced products to broaden the home ownership dream of the rakyat. Leveraging its strong track record of affordable housing, PKNS aspires to improve the home ownership ecosystem, especially for young buyers looking to set up their first homes, through a stock of affordable, quality houses.
To aid with financing capability, the developer has teamed up with several banks to design home loan packages that are more inclusive, capturing the target market of low-income and single-income groups.
Low-density, affordable home with luxurious amenities
One of the project’s most endearing aspects is its simple island type layout with direct accessibility around the building and ease of accessibility for wheel-chair use. Built as a low-density project, there are only seven units on each floor and OKU-friendly units to support independent living for differently-abled dwellers.
With a 941 sq ft built up, this three-bedroom, two-bathroom apartment is compact, yet private, designed to maximise space efficiency and utilisation for enhanced occupant comfort.
The development comprises three blocks on a leasehold plot of 3.33 acres, and is scheduled for completion in June 2024. Of its 232 units, 94 units comprise the standard Type A, while 138 are Type B offering the dual key facility.
Although each unit is under 1,000 sq ft, it is designed to maximise space with clean lines and wide areas. Among its space-saving characteristics are the open, uninterrupted layout concept without corridors, where the living and dining areas are featured as the centre of activity. To add a touch of contemporary sophistication, the design aligns with the times to include large windows to maximise natural daylight and metal louvres for shading or as sunscreens, part of its sustainability initiative towards lower energy usage.
Adding to its low-carbon emission aspiration, the apartments were built using durable, environmentally friendly materials, while the interiors were washed with low VOC paint to ensure high indoor environmental quality.
The 232 units in three separate blocks are attached closely to each other, designed to achieve direct access from dwelling units to the car park and facilities. Residensi Advena is one of the few apartments today built to accommodate two parking bays per unit.
Despite its affordable category distinction, Residensi Advena is equipped with facilities that resonate with high-end amenities like a multipurpose hall, reading room, surau, kindergarten, playground and laundry facilities. A limited retail section offers a variety of shops for necessities while a gymnasium and swimming pool promote healthy living. It is also equipped with a covered car park and 24-hour security control and gated access for added safety of residents.
Modest homes in prime location
Apart from its strategic pricing model, Residensi Advena appeals for its ease of reach to the city and with commercial, educational, recreational and leisure amenities close by, fulfilling the desired modern lifestyle of work-live-play central to urban living.
Located in a mature neighbourhood of Section 16 – the centre of Shah Alam city, buyers will enjoy living within proximity of well-established schools, banks, post offices, mosques, fuel stations, F&B venues and retail options.
Residensi Advena’s strategic address places it conveniently near Shah Alam’s major transit routes, ensuring a smooth, stress-free commute, to and from work. The residents will enjoy direct access to the Federal Highway and other major highways such as KESAS, NKVE and Guthrie Corridor Expressway. It is also easily accessible via public transportation mode with the Terminal Bas Shah Alam within a 10km radius and KTM Commuter in the adjacent Section 19 enclave.
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