G Residences is a proud project by HCK Capital that started its development in late October 2012. With an expected completion date of mid 2015, this leasehold condominium located in the new upcoming prime area of Ara Damansara is attracting a lot of attention. With the new and popular concept of integrating shopping and living in one building, G Residences consists of 14 storeys with the bottom 4 floors dedicated to a commercial mall while floors 5th to 14th are dedicated to residential living area. Each floor holds 18 units, totalling to 180 units in the whole condominium with only 2 layouts to choose from; Type A consisting of 933 sf, 3 bedrooms and 2 bathrooms and Type B with 1,184 sf and 4 bedrooms with 3 bathrooms. The starting price for the smallest unit is RM860,000.The uniqueness of G Residences is that the developer is going to fully furnished each unit for the occupants, hence, the slightly steep price. This means that each unit will come with its own beds, sofas, refrigerators, air conditioners, cooker and hob, a ready-made home with no need to shop for your own furniture. G residence will come with the typical facilities of a condominium; the most important being the 24-hour security, along with covered parking, gymnasium, jogging track, playground and swimming pool. Being built on top of a shopping mall will be a great convenience to the occupants of G Residences as they will only need to take a lift downstairs to the grocery department for anything they need. There is a clinic around the corner of the condominium for any light illnesses, and renowned hospitals such as Subang Jaya Medical Centre and Sunway Medical Centre are within the area for major emergencies.There are a variety of schools around the area such as SRK Lembah Subang, SMK Lembah Subang, SMK Tropicana and the Japanese School of Kuala Lumpur, eateries and restaurants will not be a problem with the shopping mall below the residency. For those who crave better established shopping malls, Tropicana City Mall, Subang Parade, Sunway Pyramid, One Utama and The Curve is an easy driving distance from their homes. With the upcoming LRT station that is expected to be completed in 2013 being built almost beside the condominium, public transportation promises to be convenient for the residents of G Residence. Motorists will find that they are conveniently located near several highways such as the NKVE, LDP, Kesas Highway, Elite Highway, Guthrie Highway and the Federal Highway.
Property Details
Name: G Residences Address: Ara Damansara, Damansara, Petaling Jaya, Selangor Developer: HCK Capital Completion Date: Mid 2015 (estimate) Type: Condominium Tenure: Leasehold No. of Blocks: 1 No. of Storey: 14 No. of Units: 180 No. of Bedrooms Type A: 3 Type B: 4 No. of Bathrooms Type A: 2 Type B: 3 Built-up Type A: 933 sf Type B: 1,184 sf Maintenance Fee: RM0.22 psf Launch Price: RM860,000Facilities
24-hour security Covered parking Gymnasium Jogging track Playground Swimming poolAnalysis
HCK Capital is a company that has four main focuses which are property, media, technology and investments. Property wise this developer engages with major projects in Klang Valley focusing on Ara Damansara, Damansara Perdana, Cyberjaya and Menglembu in Perak.Ara Damansara is a relatively recently established area that is fast becoming prime land for the upmarket. Traffic congestion in the main roads might be a possibility during peak hours as expected in the city centre, and depending on whether the LRT station will have a lot of commuters who park their cars at the station to take the train or not, traffic might increase noticeably.The neighbourhood is dedicated to the upmarket ensuring decent folks. It is fortunate that G Residences has a 24-hour security as there has been a recent case of carjacking in Ara Damansara of which the residents hope will not become the norm in the area as the residential area in Ara Damansara are built “island-style” to provide more privacy and exclusivity; but on the other hand providing many dead ends which makes break ins easier. G Residences makes a most interesting investment right now due to the unusual packages the developers have created, with the most exciting one being the PEP Invest Scheme; the first of its kind in Malaysia with Segi University College; providing students with convenient student accommodations. This will be on top of the current offerings of free legal fees, free stamp duty and the developer interest bearing scheme, promising profit to early birds as the price of the property is almost guaranteed to jump after the completion of the LRT station almost beside the condominium. Rental yields will also be good if the G Residences’ aim to become a prime student accommodation comes true. As a permanent residence home buyers might want to give it a second thought as they will potentially be sharing their home with numerous students.
