I Residence

I Residence is a new launch serviced apartment development in the fast growing Kota Damansara. It is positioned to face the green Sri Selangor Golf Club and right along Persiaran Surian. It neighbours D'Shire Villa and Green Heaven. I Residence comprises 3 apartment towers with 18 to 19 levels. There are a total of 348 units with 4 types to choose from, with studio and 3-bedrooms configurations. It has built-ups of 579sf, 999.5sf, 1,015sf and 1,240sf. I Residence is launched from RM379 psf with every increment in level equivalent to RM1 psf of price increase. Its maintenance fee is set at RM0.24 psf. The studio unit comes with a single car park bay while the others come with 2 car park bays. Besides residential, there is a 2-storey shop-office lot at the base of this serviced apartment to cater residents' needs which are suitable for launderette, restaurants, café and groceries. Besides that, it is served by full condominium facilities including swimming pool, gymnasium, sauna, landscaped garden and others. I Residence is strategically sited within the bustling Kota Damansara town centre. It is just about 2 minutes drive to Segi University, Sri KDU and Tropicana Medical Centre. And it is just about 4 minutes to Sunway Giza, The Strand and hypermarkets (Giant and Carrefour). Adding that, it is also within close proximity to Mutiara Damansara shpping bellt comprising Ikea, IPC, The Curve, e@Curve and Tesco Damansara.

Property Details

Name: I Residence

Address: Kota Damansara, Petaling Jaya, Selangor

Developer: KLIA Consultancy Services

Completion Date: August 2013 (estimate)

Type: Serviced Apartment

Tenure: Leasehold

No. of Blocks: 3

No. of Storey: 18 - 19

No. of Units: 348

No. of Bedrooms: Studio & 3

No. of Bathrooms: 1 & 2

Built-up: 579 sf; 999.5 sf; 1,015 sf; & 1,240 sf

Maintenance Fee: RM0.24 psf

Launch Price: About RM384 psf

Facilities

Swimming pool

Gymnasium

Mini market

Laundrette

Sauna

Car park bays

24-hour security

Analysis

However, I Residence is sited on leasehold land with commercial title. Hence, owners and tenants have to pay hefty price for power and water. Besides that, its drawback is its location which is right besides Shell petrol station and fronting the busy Persiaran Surian, which residents have to bear the noise and air pollution even though enjoy the breathtaking views of the golf course.But I Residence is selling like a hot cake as claimed by many, due to its great location as well as well-positioned pricing (which is just about 5% above market prices of nearby condominiums). And indeed, this really sounds like a good investment.