• In Progress
1164

121 Residences

  • Service Residence
Area:
450 ft² - 750 ft²
Beds:
1 - 3
Baths:
1 - 2
Construction ProgressLevel 2A
 
Overview

121 Residences Overview

Food, healthcare, education, and efficient transportation; these are the prerequisites for an urbanite to enjoy a lifestyle of quality today. Glomac’s 121 Residences ticks all the boxes and more, appealing to those looking for a home of convenience and accessibility. Glomac markets the place as “The Lifestyle Collection inspired by the community”, and it resonates well with its vision: “to help improve the quality of life by providing a better place to live or work in”.

121 Residences is a new project comprising small and cosy serviced apartments and SoHo. Only 1km away from Bandar Utama, its main value proposition is irresistible: good facilities located for an affordable price. 121 Residences is perfect for residents looking to land a strategic, affordable, compact housing.

121 Residences Location

121 Residences is one of the newer residential buildings in Kampung Sungai Kayu Ara, which gets its name from its namesake river. The Kayu Ara area spans 1,438 acres with an estimated population of 56,942. In the past, roads were not fully developed, but have since improved as traffic picked up in the surrounding areas. However, note that there are still sections of Kampung Sungai Kayu Ara that may be congested because of this. Today, the area is a unique but endearing mix of nostalgic village dwellings, and neat, pristine suburbs.

In the heart of Petaling Jaya, 121 Residences nestles between the prestigious cluster of Damansara neighbourhoods and the famous Bandar Utama region. With Taman Tun Dr Ismail also in the vicinity, these well-established neighbourhoods resonate with 121 Residences’ lively, contemporary vibe.

Connectivity

Just like the surrounding neighbourhoods, 121 Residences enjoys the benefits of well-developed transportation infrastructure. For motorists, the apartment is easily accessible via three major highways: LDP, NKVE, and SPRINT. Widely regarded as the veins of the Klang Valley, the ease of access to these highways mean commuting by car will never be unnecessarily long or stressful. A trip to the famous One Utama Shopping Centre takes a mere 5 minutes, while a drive to the city centre can take as little as 15-20 minutes.

For those preferring not to drive, fret not; efficient public transportation is just a stone’s throw away! The nearest MRT station, Bandar Utama MRT is just 1500m away, while the development of the upcoming LRT3 line will soon place a new LRT station at less than a third that distance from the apartment (400m).

Convenience

121 Residences’ excellent connectivity also means great convenience for its residents; everything an urbanite may potentially need can be found in the vicinity or is easily accessible. For shopping, choices are abundant with Malaysia’s best malls at most a short drive away. Besides the myriad of shops near 121 Residences, Damansara Uptown, a popular hang-out joint, is only 10 minutes away. For families with young children, quality education centres for all ages are close by.

Those more inclined to the great outdoors will also be pleased, with tranquil parks such as Central Park, Mutiara Damansara Recreation Park, and TTDI Park allowing for a retreat to nature. Golfers will be ecstatic, as 121 Residences is located within reach of some of Malaysia’s best golf courses (TPC Kuala Lumpur, Bandar Utama Golf Course, Kelab Golf Seri Selangor). Healthcare will never be a concern for residents either; health centres such as KPJ Damansara Specialist and Thomson Hospital are accessible upon demand.

Shopping:

  • One Utama
  • The Curve
  • Ikea
  • Ikano
  • Centrepoint
  • Glo Damansara
  • Starling Mall

Education:

  • First City University College
  • British International School
  • SMK Bandar Utama Damansara 2
  • SMK Bandar Utama Damansara 3
  • SMK Damansara Jaya
  • SJK(C) Puay Chai
  • Rainbow Garden Educare Centre
  • Peter & Jane Kindergarten

121 Residences Map

121 Residences Floor Plan

121 Residences is structured into two 33-storey towers, with 834 units (280 units of which are serviced apartments, and the rest SoHo). The land is leasehold, with a standard tenure of 99 years. The apartment is also endowed with a decent, unobstructed view of the Damansara-PJ region, with no other substantially tall structures close by.

The SoHo units are 450 square feet large with 1+1 rooms (master bedroom and study) and 1 bath, ideal for small households and a cosy layout. Each unit comes with one parking bay.

121 Residences Type A

The service apartments are slightly larger than the SoHo (750 square feet) with 3 rooms and 2 bathrooms, great for families or medium-sized households. Unlike the SoHo, the serviced apartments also have an attached yard for utility. Each unit comes with two parking bays.

121 Residences Type B

Both types of units are unfurnished, coming with basic flooring (tiles, except the master bedroom which has laminated timber flooring).

121 Residences Facilities and Amenities

121 Residences’ facilities and amenities are above average, boasting a clubhouse and a wide variety of conveniences for everyone, regardless of age or interest. The more active among us will be satisfied with the array of outdoor and indoor fitness facilities available, boasting two pools, a jogging track, and two gyms (one outdoor, one indoor). There are also child-friendly play areas, social areas, and for those seeking some Zen, a tai-chi/yoga area and a reflexology path. Full list of amenities:

Level 1

  • Children-care Room
  • Launderette
  • Management Office

Level 6

  • Swimming Pool (80m in length)
  • Wading Pool
  • Gazebo
  • BBQ Area
  • Multipurpose Court
  • Children’s Playground
  • Jogging Path
  • Outdoor Gym
  • Reflexology Path

Club House

  • Multipurpose Hall
  • Mini Market
  • Gym Room & Fitness Studio
  • Lounge
  • Reading Room
  • Tai Chi/Yoga Area
  • Game Room
  • Surau

121 Residences also provides above-average security, for residents’ peace of mind. Among the security features offered are round-the-clock security systems, patrols, and CCTV surveillance, and access cards for each owner.

121 Residences Property Analysis

121 Residences, with a total gross development value of RM321 million, comprises two blocks (Block A and B) on a land area of 1.25 hectares (12,500 square metres). Sales of Block A units were encouraging: an impressive 90% take-up rate via balloting in one weekend during its soft launch on Aug 25, 2019. Due to the demand for new apartments, its developer, Glomac has opened sales registration for Block B units. Glomac is targeting project completion in the fourth quarter of 2023.

Kampung Sungai Kayu Ara was once filled with small squatter homes and ‘kampung’ houses. Previously overlooked and under-developed, the area is quickly catching the attention of property developers and home-buyers alike. Development land is increasingly scarce in Petaling Jaya, and Kampung Sungai Kayu Ara, given its strategic location in between Bandar Utama and Damansara, is looking increasingly attractive as a potential uncut diamond. This, coupled with the recent overall bullish property kampong in the Klang Valley, explains the trend observed over the last 6 years; exponential development rates and a sudden mushrooming of modern residential properties in the previously quiet and uneventful area.

This new-found attention allows for attractive valuations; land prices have skyrocketed in the past few years. Undeveloped land in Kampung Sungai Kayu Ara in 2007 fetched a meagre RM70 per square foot; today, the land averages RM220++ per square foot (a 200% increase!).
Kampung Sungai Kayu Ara’s rapid developments have unfortunately created traffic congestions as population density shot up. Also, drivers use its roads as short cuts between Bandar Utama, Damansara Utama and the SPRINT Highway. The development is also sporadic; many pockets of village houses and old squatters remain within proximity to the newer developments.

Housing projects in Kampung Sungai Kayu Ara are mostly small because of difficulties in acquiring adjoining parcels of land. The land in this area comprises mostly small plots owned by individuals, a relic of historical land agreements. As a result, developers must obtain concurrence from all land-owners before acquiring and developing any plot of land here.

Target Market

Small families or individuals who prefer a smaller dwelling for easier upkeep and cosy ambience would find 121 Residences an attractive project. However, larger families or households may have mixed feelings about the smaller unit size. While the lower price tag may be ideal for targeting buyers on the lower end of the income spectrum, note that the price per square foot (see subsequent section) may be deemed high by most. The maintenance fee of RM0.38 per square foot is not the lowest either but is affordable given the unit sizes.

The strategic location of 121 Residences would appeal to those with no transportation of their own and the younger generation (because of its proximity to the contemporary malls and modern neighbourhoods). However, those seeking an upscale neighbourhood may find the project unfavourable given that the surrounding areas are still largely low-cost housing or village houses.

Overall, 121 Residences targets a specific customer segment well: small, lower-middle-income households seeking convenience and accessibility.

Competitor Analysis

The main property developers in the area are Metro Kajang Holdings Sdn. Bhd., Briswood Sdn. Bhd., and Ong Chong Realty Sdn. Bhd. However, none of these developers has a monopoly over the region; projects in Kampung Sungai Kayu Ara tend to be niche and isolated. Glomac Sdn. Bhd.’s overall reputation as a property developer can stand its ground against its competitors in the Kampung Sungai Kayu Ara market.

Briswood’s Se’terra, a 46-unit high-end, low-rise condominium on a 1.5-acre site on the Bandar Utama side of Kayu Ara launched in the second half of 2011. Its units are larger compared to 121 Residences’ (1,813 to 5,683 square feet) and priced from RM1.2 million. While not competing in the same target customer segment as 121 Residences, Se’terra’s higher price range (above RM600 per square foot) catalysed the transition to a more “high-priced” project in Kampung Sungai Kayu Ara. Now, an RM600 to RM650 per square foot price tag is gradually becoming the norm and acceptable in the market.

Ong Chong Realty Sdn Bhd’s Boulevard Residence is located on the southern half of Kampung Sungai Kayu Ara and appears to be the closest rival to 121 Residences’ target market. They have also developed numerous other projects in the area: Westwood Terrace and Chestwood Terrace (townhouses) and D’Residency (terraced houses), which were all sold out.

However, Glomac’s 121 Residences offering appears to be competitive in the market it is targeting, based on a benchmarking exercise of its peers.

wdt_IDUnit TypeRoomsTenureSize (sq. ft.)PricePrice/sq. ft.Maintenance fees/sq. ft.
1121 Residences (SoHo)1+1Leasehold450~RM290,000~RM644.44RM0.38
2121 Residences (Serviced Apartments)3Leasehold750~RM500,000~RM666.67RM 0.38
3Se’Terra (Condo)3+1Leasehold1,813~RM1,280,000~RM671.00RM0.30
4Glomac Centro V (Serviced Apartments)1Leasehold560~RM589,680~RM1,053.00RM0.35
5Sri Araville (Townhouse)3Leasehold1,200~RM500,000~RM416.67RM210.00
6Pelangi Utama (Condo)3Leasehold920~RM500,000~RM543.48N/A
7Boulevard Residence (Condo)3Leasehold850~RM580,000~RM682.35RM0.25

It is immediately clear that 121 Residences’ per square foot price is on par with the other properties in the area. 121 Residences’ small unit sizes differentiate it from the other options available, making it a clear choice for small families or individual dwellers. While properties in the area appear relatively homogenous in terms of quantitative metrics, 121 Residences stands out for its superior facilities and amenities. Novel outfits like the outdoor gymnasium and the reflexology path give it the edge over the older properties around it. However, the maintenance fees of 121 Residences may be a little steep compared to its peers. This may be attributed to the higher costs of maintaining its substantial facilities and amenities.

Additionally, Glomac has a few other marketing tricks up its corporate sleeves. In conjunction with Glomac’s 30th Anniversary Rewards Campaign, the developer is offering special packages for 121 Residences with attractive rewards and prizes (including a chance to win a Proton X70, among other prizes). Buyers of 121 Residences units also get to enjoy the benefits of the Home Ownership Campaign (HOC) 2019. The HOC 2019 is a government initiative to promote homeownership for all and offers attractive incentives for property purchases listed under its scheme (i.e. a 10% discount off the property purchase price and stamp duty exemptions). These two plus points are non-trivial advantages that may spur greater demand.

121 Residences’ Developer: Glomac

Currently helmed by Datuk Seri FD Iskandar, Glomac Berhad comprises over 55 subsidiaries involved in a myriad of activities such as real estate, property investment, construction, property management, and car park management. To date, Glomac has completed projects worth more than RM8.8 billion in total sales value and is launching more than RM900 million worth of properties.

Besides 121 Residences, Glomac is marketing other projects such as Saujana Residen, Rumah SelangorKu – Seri Kenari, and Perumahan Komuniti Johor Amaryllis. This follows the huge success of [email protected] Kelana Jaya Residences, which saw a take-up of 85% to date. 445 units were offered for sale, a sign of increasing demand for new serviced apartment projects. Glomac Centro was also developed by Glomac and has received a good reception to the project.

Summary

121 Residences has a mix of pros and cons, with nothing significantly deal-breaking. While valuations have potential to explode upward due to the attractive location of the land, much still needs to be done to improve the general environment. The property is not cheap in relative terms but is affordable at the expense of a significantly smaller dwelling. Good public transportation and attractive facilities balance the growing traffic congestion and higher maintenance fees. Overall, the property will appeal significantly to some, but may not be the right nest for most others.

[1] Prices are indicative, as they consider market resale value, and not just launch price.
[2] Total per month, not per square foot.

Read more

Details
Land Title:
Commercial
Tenure:
Leasehold
Type:
  • Service Residence
Beds:
1 - 3
Baths:
1 - 2
Price:
RM310,000
Developer:
Glomac (M) Bhd
No. of Storeys:
33
Total Units:
834
Year Of Completion:
2023
Built-up Area (BUA):
450 ft² - 750 ft²
Maintenance Fee:
RM0.38 psf
Amenities
  • Badminton Court
  • Barbeque Area
  • Basketball Court
  • Clubhouse
  • Function Room
  • Gymnasium
  • Jogging Track
  • Pool
  • Reading Room
  • Surau
  • Tennis Court
  • Yoga Room / Deck

Location

Region
  • Petaling Jaya,
  • Selangor
Neighbourhood

Video

Floor Plan

Price Trend Of the Surrounding Area

Project Search Trend

  • In Progress
    From RM575,800
      • Service Residence
      Beds:
      3 - 4
      Baths:
      3 - 5
      1469 ft² - 1945 ft²
      • In Progress
        From RM567,800
          • Service Residence
          Beds:
          2 - 4
          Baths:
          2
          813 ft² - 1285 ft²
          • In Progress
            From RM575,800
              • Service Residence
              Beds:
              2 - 3
              Baths:
              2 - 3
              732 ft² - 1318 ft²
              From RM310,000

              Unique Selling Propositions

              Timeline

              2019

              25th August 2019

              Block A Soft Launch

              Glomac Bhd scored another remarkable achievement with sales take-up of approximately 90% for 121 Residences Block A in merely a single weekend during its soft launch held on 25th August 2019.

               

              25th August 2019

              Block B Open For Registration

              Decision Drivers

              Connectivity
              6.5
              Convenience
              8.5
              Safety
              7.5
              Concept
              6
              Facilities
              7.5
              Value For Money
              6
              Reader Rating8 Votes
              8.9
              7

              Housing Loan Calculator

              Buy Your Next Home Properly

              ✅ Price Match Guarantee

              Rest assured that you will always get the best price in the market. If you find a cheaper deal elsewhere, albeit unlikely, we will match the price!

              🎁 Bonus & Rewards

              We do not charge any commission or brokerage fee from our clients. Not only that, clients that purchase a home with us will enjoy some additional bonus and rewards that they wouldn’t find anywhere else!

              💖 Seamless A-Z Experience

              The Properly team is committed to make your property purchasing journey as effortless and pleasurable as possible!

              From researching to booking, our experienced and friendly consultants will be there to assist you every step of the way.

              *T&C Apply

              From RM310,000

              Join Our Inner Circle

              to receive exclusive offer, hottest market news,  and get insider access to our member-only special deal!