Aster Green Residence

Aster Green Residence’s prime location makes it convenient for residents to either drive their own vehicle or take public transportation. Amongst the major highways that are enlisted en route to get to Aster Green Residence are Maju Expressway (MEX), Lebuhraya Shah Alam (KESAS), Lebuhraya Pantai Baru (NPE), and KL-Seremban Highway. The MRT station that is located within a short distance from Aster Green Residence is Kuchai Lama MRT station. Another upcoming MRT station that is due for completion in 2022 is Taman Naga Emas MRT station. It is projected that the Taman Naga Emas MRT Station will ease the accessibility of the residents even more in commuting to other parts of Kuala Lumpur.

Aster Green Residence Location

Aster Green Residence is located in a well-established neighbourhood and is in close proximity to the Old Klang Road. Old Klang Road is one of the oldest and most historically-significant roads in Kuala Lumpur. To this day, Old Klang Road has transformed from only a link connecting Kuala Lumpur and Port Klang to major highways. But the road still remains as an important mode of transportation and communication for Klang Valley. Formerly, Sri Petaling consisted of rubber plantation estates. Bukit Jalil, on the other hand, is known to be a busy suburb in Kuala Lumpur. It is surrounded by the National Sports Complex in the East, the Shah Alam Expressway in the North, the city landscape in the West, and the Puchong-Sungai Besi Highway and other city landscapes in the South. Salak South is a relatively young town compared to the rest of the older towns in the state. Aster Green Residence is within a 10km radius to KL City Centre, Cheras, Ampang, Petaling Jaya, and Seri Kembangan.

Connectivity

Residents will enjoy the privilege of accessible connectivity as the property is located just minutes away from major highways. The said highways are Maju Expressway (MEX), New Pantai Expressway (NPE), Shah Alam Expressway (KESAS), and KL-Seremban Expressway. Another major road that is within close proximity is Old Klang Road. Residents can commute to Mid Valley Megamall or Bangsar South within approximately 10 minutes.

There are also LRT stations that are situated just a stone’s throw away from the property, where residents are able to commute to the nearby shopping malls, medical centres, schools, recreational sites and eateries. This renders that public transportation is easily accessible for the residents’ convenience. The Bukit Jalil LRT station is about 5 minute’s drive from the property. Following the plan of MRT2 (SSP Line), the Taman Naga Emas MRT station is expected to be operating in its full course by 2022. Residents can then access this new MRT station via the proposed road that is within reach from Aster Green Residence. This MRT station will lead directly to Tun Razak Exchange (TRX) and KLCC East.

Convenience

The close proximity of amenities near Aster Green Residence makes it an ideal choice to live in. Residents can find that educational institutions, shopping malls, recreational sites and medical care centres are all within a close distance. Parents would face no hassle in sending their children to schools as the educational institutions are situated around Aster Green Residence. Among these educational institutions are SJK (C) La Salle, SMK Bandar Baru Seri Petaling, and International Medical University.

Furthermore, there are a number of shopping malls that are located within a short distance from Aster Green Residence. This certainly gives a plethora of choices for residents. Amongst them are Endah Parade, Giant Hypermarket, NSK Trade City, OUG Plaza, Pearl Point Shopping Mall, The Store Sri Petaling, Mid Valley Megamall, Suria KLCC, Pearl Point Shopping Mall, Sunway Velocity Mall, and MyTOWN Shopping Centre.

There are several recreational sites that are located not very far from Aster Green Residence as well, such as Bukit Jalil Gold and Country Resort, Stadium Bukit Jalil, Bukit Gasing, Taman Jaya Park, and Bukit Jalil Recreational Park and Bukit Jalil National Stadium. This creates another plus point for residents to choose Aster Green Residence as they can easily get to these recreational sites for them to unwind and bring their family to indulge in some family fun-time activities. Below are the available amenities and facilities surrounding Aster Green Residence:

Education

• SJK (C) La Salle
• SMK Bandar Baru Seri Petaling
• International Medical University
• Medical Care
• Taman Desa Medical Centre
• IMU Healthcare

Shopping Malls

• Endah Parade
• Giant Hypermarket
• NSK Trade City
• OUG Plaza
• Pearl Point Shopping Mall
• The Store Sri Petaling
• Mid Valley Megamall
• Suria KLCC
• Pearl Point Shopping Mall
• Sunway Velocity Mall
• MyTOWN Shopping Centre

Recreational Sites

• Bukit Jalil Gold and Country Resort
• Stadium Bukit Jalil
• Bukit Gasing
• Taman Jaya Park
• Bukit Jalil Recreational Park
• Bukit Jalil National Stadium

Aster Green Residence Floor Plan/Storey Plan

Aster Green Residence is built on entwining the concept of meaningful spaces with fulfilling experiences to produce a comfortable home. It caters to a low-density community by offering 440 units in a single block, across 26 storeys. The built-up sizes for these units range from 657 sq ft to 958 sq ft. The target market ranges from single owners to couples to families. There are five types of units that come with this property. Type A which has one-bedroom is only 657 sq ft is ideal for single owners. Type B and Type B1 that consist of two bedrooms are of 732 sq ft and 807 sq ft, respectively which make them ideal for couples and smaller families to live in. Type C and Type D, however, occupy larger built-up sizes of 861 sq ft and 958 sq ft, respectively, and both are built with three bedrooms. This provides more space for larger families to live in.

Below lists the different types of units available:

• Type A (657 sq ft): 1 bedroom + 1 study room + 1 bathroom
• Type B (732 sq ft): 2 bedrooms + 2 bathrooms
• Type B1 (807 sq ft): 2 bedrooms + 1 study room + 2 bathrooms
• Type C (861 sq ft): 3 bedrooms + 2 bathrooms
• Type D (958 sq ft): 3 bedrooms + 2 bathrooms

Aster Green Residence Facilities and Amenities

Aster Green Residence occupies only one block, with a total of 440 units in a 26-storey suite apartment. It is composed of units with built-up sizes ranging from 657 sq ft to 958 sq ft. The layouts themselves are rather squarish, with an open concept. The property also comes with a 3-storey commercial space and a facilities floor.

Aster Green Residence is completed with its basic facilities such as its parking area, swimming pool, gymnasium, playground, and shower area. The safety of the residents is also assured with the 24-hour security that is enforced throughout the apartment. Health-conscious residents would be delighted to know that there is also a jogging track for them to conduct their routine workout activities. Yoga lovers too will be pleased to know that Aster Green Residence comes with a yoga terrace as well. For residents who would like to host any party, they can do so at a designated barbeque terrace or have their meals served at the outdoor pantry. For those who would like to have their functions indoors, they can do so in the function hall. There are also several facilities to entertain the young children such as a designated children’s playground, a games room, a playroom and a wading pool. Below lists the facilities that are provided at Aster Green Residence:

• 24-Hour Security
• Covered Parking
• Playground
• Jogging Track
• Yoga terrace
• Function hall
• Outdoor pantry
• Barbeque terrace
• Swimming pool
• Gymnasium
• Games room
• Children’s playground
• Jacuzzi
• Pre-function lounge
• Function room
• Playroom
• Wading pool
• Shower area

Aster Green Residence Property Analysis

Aster Green Residence covers 440 units, all of which are freehold, located in Sri Petaling. It is situated within close proximity to a number of educational institutions, shopping malls, medical care centres, and recreational sites.
Aster Green Residence is a development under UOA Group, located within the established township of Sri Petaling. Aster Green Residence is also in close distance to all services and other amenities that are prominent in supporting the development. The said project consists of a single block with 440 residential units, along with a commercial space. The Gross Development Value (GDV) for the development is expected to be at RM 252 million.

Target Market

The vision for the development of Aster Green Residence is that it is built to cater to people with adult children in the neighbourhood and nearby areas. After its launch, Aster Green Residence has garnered positive reviews from the public due to it having a low booking fee and down payment. Besides, it is also located in a good and accessible location. The units at Aster Green Residence too comprise a practical layout, with units having built-up sizes ranging from 657 sq ft to 958 sq ft. The selling price starts at RM 389,000. Type A is sized at 657 sq ft, and it comes with one bedroom, one study room, and one bathroom. This is ideal for single owners or perhaps couples who are just looking for a new place to settle in. Types B and B1 have built-up sizes of 732 sq ft and 807 sq ft, respectively. They both come in two bedrooms and two bathrooms. However, Type B1 comes with an additional study room as well. This is suitable for families of three to four. Types C and D on the other hand, are both sized 861 sq ft and 958 sq ft, respectively. They both come in three bedrooms and two bathrooms. These units make it ideal for bigger families to reside in.

Competitor Analysis

Aster Green Residence is located on 1.76-acre freehold land, situated in Sri Petaling. It is comprised of 440 units, with built-up sizes ranging from 657 sq ft to 958 sq ft. It comes with a list of comprehensive facilities and is well accessible to major highways. The close proximity of LRT/MRT stations to Aster Green Residence makes it easier for residents to commute to places. With a selling price of RM 389,000, many can argue that the project is relatively cheap versus other surrounding projects in terms of the price PSF.

M Oscar which carries a commercial title caters bigger units for first-time homebuyers, singletons, young families and investors. Thus, utilities and assessment would be categorized under commercial rates. Any possibility of converting electricity to residential rates would need to be discussed further with the developer. M Oscar is also due for completion in 2023, but it is more expensive compared to Aster Green Residence due to its bigger units.

Pinnacle is the first of the projects in the area. It was due for completion in 2020. However, the concerns raised with regards to this development is the traffic, as the place gets rather crowded with people from other suburbs. The launching price for the respective units at Pinnacle, ranged between RM 499,800 and RM 792,800. This makes the average price per sq ft to be approximately RM 720. This is a lot steeper compared to Aster Green Residence, considering Pinnacle is a leasehold project as compared to Aster Green Residence which is freehold.

The 8th and Stellar serviced residence is scheduled for completion in 2022. Despite having a smaller built-up size, it is pricier than the rest. A prime reason for this is 8th and Stellar’s reputation as a premier collection of SOHO suites and serviced residences with stylish layouts. Despite its leasehold title, 8th and Stellar has a higher price per square foot. A lack of major hospitals and clinics surrounds the property. Surely this is a concern for residents who require immediate medical attention.

The next property is Residensi Far East. This serviced residence is due for completion in 2021. However, this property received a negative review such that its developer is a new company with no track record of completed projects or any ongoing ones. Besides, the project is also situated near to the factory of Ajinomoto Malaysia, which may raise concerns about chemical effluent management.
Last but not least is The Hermington. The Hermington is noted to be quite affordable given its spacious built-up size of 1,075 sq ft at RM410 per sq ft. However, potential buyers of this property will not be given much choice in choosing the built-up size of the unit. Every unit of the property is sized at 1,075 sq ft.

After considering the analyses of other projects located close to Aster Green Residence, Aster Green Residence is deemed as the ideal choice. Not only is it a project by a renowned developer UOA Group, but it is also a freehold project that is located in an idealistic spot of Sri Petaling, within close proximity to major highways and various amenities. Aster Green Residence is connected by major highways such as Maju Expressway (MEX), Lebuhraya Shah Alam (KESAS), Lebuhraya Pantai Baru (NPE), and KL-Seremban Highway. The famous school, SJK (C) La Salle is right across from Aster Green Residence. Food choices are in abundance as well in the town centre of Sri Petaling. It offers a low-density dwelling for a close-knit community as it comes with only one block. Aster Green Residence surely does encompass an all-round lifestyle convenience with shopping malls, medical centres, educational institutions, and recreational sites located just a stone’s throw away. The property is also close to LRT and MRT stations which enables residents to opt-out of driving on their own. The property has a total of 440 units. Its selling price certainly justifies its built-up size units as well as its location, compared with the other projects.

Aster Green Residence’s Developer: UOA Group

Aster Green Residence is developed by UOA Group. In line with The Edge Top Property Developers Awards 2019, UOA Development Bhd has garnered three prestigious awards which are Top 10 Property Developers Awards, Best in Quantitative Attributes Award, and Outstanding Property Entrepreneur Award. UOA Group is noted as one of Malaysia’s most reputable property investment and development groups with an excellent track record of developing, managing, and investing in quality key properties.

Among its completed projects are Leederville Business Park in Perth, Invito Hotel and Residence, Komune Co-Working, Bangsar South: The Vertical Corporate Towers, VE Hotel and Residence, and Connexion Conference and Event Centre in Bangsar South, Danau Kota Suite Apartments in Setapak, Southbank Residence in Old Klang Road, Desa Commercial Center in Taman Desa, and UOA Business Park: Strata Office in Shah Alam.

Besides Aster Green Residence, its other upcoming projects are United Point Residence in Segambut, S.D. Residence in Selayang, East Bank in Perth, Golden Pines in Bandar Tun Razak, The Goodwood Residence, Komune Living, and South Link Lifestyle Apartments in Bangsar South, Kuala Lumpur Digital City in KL City Centre, UOA Tower in Ho Chi Minh City, and Sentul Point Suite Apartments in Sentul.

Among the awards won by UOA Group are:

• The Edge Malaysia Top Property Developers Awards 2019
• The Edge Billion Ringgit Club Awards 2019
• Frost & Sullivan Malaysia Property Development Growth Excellence Leadership Award 2019
• Malaysia Landscape Architecture Awards 2018
• The Edge Malaysia Top Property Developers Awards 2018
• StarProperty.my Awards 2018
• The Edge Billion Ringgit Club Awards 2017
• Frost & Sullivan Malaysia Growth Excellence Leadership Award for Property
• Development 2016
• Frost & Sullivan Asia Pacific Builder’s Growth Excellence Leadership Award 2013
• Malaysia Landscape Architecture Awards 2013
• Malaysia Landscape Architecture Award 2012
• The Edge Notable Achievement Award 2012
• Forbes Asia’s 200 Best Under A Billion 2012