An exciting transformation is up and coming for Setapak, one of the oldest suburbs within the Kuala Lumpur central business district area, where the new landmark ZetaPark stands tall. It is located along Jalan Genting Klang, a mere 5-km away from downtown KL and in close proximity with other mixed developments such as the Plaza Crystalville @ Setapak, StarParc Point and Setapak Lake City.
Transforming the Suburb of Setapak
Setapak has been associated with tin-mining and rubber activities for the longest time but that’s about to change with the addition of ZetaPark to the suburb’s property development landscape. With an estimated gross development value of RM500 million, ZetaPark is deemed the largest integrated development in the area featuring:
- 200 retails lots
- 424 SOHOs or the Zen suites
- 470 serviced apartments
The retail lots occupies the first few levels while the SOHOs and residences are sitting on top. The project spans 450,000 sq.ft. of leasehold space where the work-live-play lifestyle is the norm.
The Developer’s Aspirations for the Area
Developer Fitters Property Development Sdn Bhd is the company behind this bold and exciting project. It is a subsidiary of Fitters Diversified Bhd, the biggest fire-fighting specialists in the country whose been experienced with theme park designs. Does the recent Kidzania Malaysia in Mutiara Damansara, Selangor rings a bell? That’s one of theirs and now they are gearing up for their first property development venture which is the much-anticipated ZetaPark.
Seeing that Setapak is very close to the city centre, the developer aspires to bring out the best of this jewel of a location by transforming it into a top destination where modern living of play, live and work is possible. ZetaPark is the embodiment of that plan where commercial lots meld with residential units for an integrated modern lifestyle. The aim is to attract discerning investors through the well-balanced living environment that’s ideal for the young urbanites as well as the senior executives.
ZetaPark spans 8.43 acre of leasehold land at Jalan Genting and Taman Ibu Kota corner where first phase will feature the three-level KL Festival City shopping mall anchored by Parkson. Above these levels are where the SOHO suites and serviced apartments are located. SOHO units have been sold sine it was launched during the first quarter of 2011 while the residences also enjoyed huge success when it was launched in November 2011.
Choices from SOHOs to Apartments
The serviced residences have an estimated gross development value of RM300 million offering a variety of layouts and built-up sizes ranging from 689 to 1,410 sq.ft. The SOHOs Zen Suites, on one hand, are considered as unique and the first of its kind in the area. Built-up size for the SOHOs vary between 515 to 963 sq.ft. with a reasonable price tag tha starts from RM237,800.
Average price starts from RM460 psf onwards, a rather affordable price in comparison with what KLCC offers. The target market is a diverse group of young professionals in order to bring in the new age urbanite lifestyle to the region. To check if this is a fair market price, check our free ebook guide on price valuation for more information.
Discerning investors who are interested get to enjoy the privilege of choosing which view is perfect – the Melawati ridge or the KLCC and the Petronas Tower. Another feature that’s unique to ZetaPark residences is the dual-key concept which allows residents to rent out a portion of the unit while still live on the other side. That’s an excellent way to earn some extra cash on the side. Right?
[customx name=”ZetaPark” rating=”4.9″ best=”5″ worst=”1″ pricerange=”$$$” count=”3731″]
Live, Play and Work
Making ZetaPark more attractive to investors is the easy accessibility to a range of amenities in the area such as hospitals, international schools, universities and private colleges. Naturally, shopping, dining and entertainment are at the heart of this mixed development made possible by 200 retail lots within the building itself.
Conveniently served with major highways (AKLEH, MRR2 and DUKE) and LRT stations (Melati, Wangsa Maju and Sri Rampai), ZetaPark enjoys excellent connectivity. In fact, going to KLCC will only take 15 minutes by car.
Complete with a host facilities such as a gymnasium, games room, infinity edged pool and sauna, there’s no need to leave home in order to indulge in modern conveniences. It’s all within reach with ZetaPark.
Touted as a great investment opportunity where price starts from Rm460 to Rm550 psf, ZetaPark is indeed a crown jewel of a development set amidst the beautiful landscape of Setapak. Before putting your nest egg in one of ZetaPark’s superb units, make sure you have in-depth knowledge of today’s fair market price. To help you, we’re giving away our free guide which you can download below.