Located about 15 minutes away from the centre of Kuala Lumpur is Midfields condominium in Sungai Besi, a leasehold development from YTL Land – one of the most well known developers in the country. YTL is perhaps best known for its projects in Sentul – particularly The Fennel which was launched in middle 2013 with huge fanfare. Elsewhere, YTL Land’s portfolio consists of U-Thant Place (on the Embassy Row) and Shorefront in Georgetown, Penang.
YTL owns another tract of land in Sungai Besi which has since been developed into Midfields as well as Lake Fields (probably inspired by Lake Edge in Puchong which was launched previously to considerable success). Midfields seem to incorporate all the best features from YTL’s previous developments – its has got a rather polished facade and packed to the brim with amenities. Opposite the property is Midfields Square, a commercial complex housing 40 prime units. This complex is expected to provide basic necessities to the residents of Midfields condominium and increase its value. Inside the perimeter of the property is a 1-acre park which features River Terraces, where park goers may enjoy the serene sound of flowing water. The park also provides residents a place to relax, away from the hustle and bustle of the city.
A growing number of home buyers consider the location of the Sungai Besi enclave perfect, especially because of its (close) distance from the Kuala Lumpur City Centre. It gives some sort of “so near yet so far” feel. It is so close to countless amenities and is very well linked via major transportation, yet far from the overly fast-paced and crowded city living.
For comparison purposes, we have checked the current market prices of Midfields and two other properties in the area – Lake Fields and 1 Petaling (about two kilometres away). Midfields’ asking prices currently range from RM400 to RM540 psf. Lake Fields sells from RM370 psf to RM630 psf, while 1 Petaling are sold from RM350 psf to RM440 psf. To figure out what’s the fair price for Midfields using this data using the comparative method, use this nifty little guide here which you can download for free.
Rental rates do not differ much as Midfields units are let from RM1.50 psf to RM2.00 psf, Lake Fields range from RM0.75 psf to RM2.30 psf and 1 Petaling units are rented out from RM1.40 psf to RM2.20 psf. All three properties are relatively new (not older than 10 years). Lake Fields are link houses while Midfields and 1 Petaling are condominiums.
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A Closer Look at Midfields
Midfields condominium has three blocks made up of two towers each. The main lobby is beautifully designed with ponds and trees. Residential units have built-up sizes ranging from 1,024 sqf to 2,116 sqf. Floor layout choices are 2-, 3-, 4- and 4+1 bedroom units or duplex penthouses.
Each unit is provided with air conditioning units for the master bedroom and the living room. Additionally, there are selected units with bedrooms opening up to small balconies using full height glass doors, which home buyers may find really attractive. As for the views, home buyers are given 3 options to choose from – the park, the pool or the city skyline.
Besides the huge park, top of the line facilities are provided by Midfields to its residents which include a swimming pool, squash, badminton and futsal courts, fully-equipped gym and a yoga studio. Tight security with CCTV surveillance are also provided 24 hours a day.
So, how does Midfields fare? We think that it could be the best option if you want to live in the city but you’re unable (or not willing to) fork out the premium for KLCC, Embassy Row or even places like Regalia. At sub-RM500 PSF point, it could well be your surest bet for a city condominium if you’re on a budget.
Midfields’ selling point is its one-acre park – where else in the city could you have that much of an outdoor space for a stretch? Don’t expect this if you’re in a condominium in the middle of the city (Bintang Fairlane?). Midfields seem to have nailed down the “sweet spot” of city condominiums – there is a “suburb” feel to the development, but at the same time, everything is easily accessible. The commercial
Finally, YTL has been known to churn out quality developments, and things have been going rather well for them, too. Having a brand name developer definitely helps in the sub sale market, and it will be seen if Midfields would reach the lofty RM1,000 PSF levels which we have already seen in the likes of some condominiums in the heart of the city. Meanwhile, the RM500 PSF level might be reasonable or not – find out for yourself using this real estate valuation guide which you can download here –