From the same guys behind the love-it-or-leave-it 222 Residency comes 288 Residency in Setapak (inb4 “how come they always come up with rather predictable names?” *wink*). This freehold property will have a total of (you guessed it) 288 residential condominiums housed in 29 storeys. Target completion date is in December 2014.
The low-density 288 Residency is located right next to 222 Residency (which happens to be its predecessor) and neighbour Diamond Residences. Positioned in the high end is developed by KP Property, a subsidiary of Kerjaya Prospek. Apart from 222, the developer’s roster of launches include the Veridian Cheras Idaman and a mixed development which is set to rise in Melaka.
Current listings indicate a selling price range for 288 Residency from RM480 to RM500 PSF. This is considerably more expensive compared to other properties in Setapak, but then again Setapak is not perhaps known for ultra upmarket properties 🙂
Comparatively, Platinum Hill PV3, on the average, sells for RM370 PSF while Setapak Green (considered 288 Residency’s direct competitor) sells from RM400 to RM520 PSF. Its sister development, 222 Residency is being sold at the same rate, which is of no surprise. Why is Platinum Hill PV3 cheaper? Density may be a factor; Setapak Green and 288 Residency are both low-density. To check for the fair market value of 288 Residency, use this handy little property valuation guide.
It is conveniently nestled in a location serviced by public transportation, ensuring ease of access regardless of whether you are traveling through private or public transportation. Basic amenities are found five minutes away from 288 Residency on Jalan Genting Kelang, which is lined with restaurants, cafes, clinics, banks and worship places, to name some.
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Standard units at 288 Residency have built-up sizes ranging from 1,408 to 1,900 sqf and have 4 bedrooms and 3 bathrooms.
Units are semi-furnished with cooker hood and gas hob, kitchen cupboards, oven, microwave oven, water heater and refrigerator. All electrical fittings are of Electrolux brand – a major selling point for some buyers 😉
Facilities provided are:
- Fully-equipped gym
- Wading and infinity swimming pools
- Kids’ playground
- Beautifully landscaped garden
- Multi-purpose hall
- Function room
- Barbecue pit
- Sun and pool deck
- Games room
- Changing room
Moreover, security is a 4-tiered system and security cards are necessary to access lobby, lift, main entrance and parking.
288 Residency is a popular property among home buyers who are clued into the Setapak area; while the developer is perhaps a rather unknown entity in Malaysia property, it has somewhat proven itself with the well received 222 Residency.
Setapak Green has been thought of as its direct competitor and often the two properties are compared vis-a-vis one another. Some like Setapak Green better because of its unobstructed view of KLCC while others prefer 288 Residency for its bigger spaces. We tend to like Setapak Green better although it looks rather “clinical” from the outside.
Depending on your priority as a home buyer, 288 Residency could be your best option if you’re eyeing a condominium in the city but not *that* centrally located. It is still rather moderately priced (considering its proximity to the city), but given the current upward trend of prices of condominiums in the city the asking prices may well go haywire. To check for 288 Residency’s fair market value, use this guide which we will email you after you submit your details below –