Lucentia Residences BBCC

The design of Lucentia Residences has been inspired by traditional Japanese paper lanterns with natural sunlight filling the interiors by day while the nights are softly illuminated by modern lights. With such a picture etched in mind, Lucentia Residences is indeed a unique gem in a beautiful city centre.

Lucentia Residences Location

Based in Bukit Bintang City Centre (BBCC), it boasts of a strategic address within the Golden Triangle. The Golden Triangle in Kuala Lumpur derives its name from 3 roads that form a triangle which are Jalan Imbi, Jalan Sultan Ismail, and Jalan Raja Chulan. The demographics in Kuala Lumpur are made up of Malay (40.32%), Chinese (36.9%), Indian (8.62%), others (0.98%), and non-Malaysians (13.18%). In terms of safety, there are CCTVs placed under the surveillance of the Kuala Lumpur City Council throughout the area of Bukit Bintang. Both the Pudu Police Station and the Tun H.S. Lee Police Station are 2.5 km away from BBCC should there be any emergencies.

The Golden Triangle, located in the northeast of Central KL is known to be Kuala Lumpur’s commercial, shopping, and entertainment hub. BBCC is located on 19.4 acres of prime real estate location and it is in this golden address that Lucentia Residences is located.

Connectivity

Lucentia Residences BBCC is strategically located in a place with easy access to major highways such as the SMART Tunnel, Middle Ring Road 2 (MRR2), Maju Expressway (MEX), Duta Ulu Klang Expressway (DUKE), Sungai Besi Highway and the Federal Highway. Residents of Lucentia Residence who might have concerns about the traffic would be pleased to know that BBCC seeks to be a transit-oriented development (TOD). A TOD is a type of urban development that aims to maximise the amount of residential, business, and leisure space within walking distance of public transportation. There will be a transit hub in BBCC where the Hang Tuah monorail and LRT will be located as well as the Merdeka MRT Station on the Sungai Buloh-Kajang Line.

Convenience

BBCC serves as a city within a city and residents of Lucentia Residences BBCC will be able to enjoy the ample amenities in BBCC. Mitsui Shopping Park Lalaport will be within walking distance for those who would like some retail therapy. There is also a Lifestyle Street in BBCC with a variety of eateries. Weeknight and weekends would also be more special with the presence of an entertainment hub with a cinema and concert hall in the basement. A unique feature with BBCC is also a public park and it will be lovely to have this restful oasis in the bustling city centre. For those who do not wish to drive, there will be fully covered pedestrian crossings to shield residents from the scorching heat or heavy rain. Engineered access tunnels will also ensure smooth vehicle entry and exit as well as avoid traffic jams within BBCC.

Residents of Lucentia Residences will be pleased to know that well-known hospitals in Malaysia such as Tung Shin Hospital and Prince Court Medical Centre are both within a 2 km radius. For parents weighing education options, Inti International College Kuala Lumpur and Taylor’s International School are among the schools and universities that are easily accessible from Lucentia Residences.

For residents looking to venture outside the comfort of BBCC for shopping options, Sungei Wang Plaza, Low Yat Plaza, and Lot 10 are within walking distance. Upscale shopping centres such as Suria KLCC Shopping Centre, Starhill Gallery, and Pavillion KL are a short distance away from Lucentia Residences and are easily accessible through the monorail and light rail trains.

Hospitals

• Tung Shin Hospital
• Prince Court Medical Centre
• HSC Medical Centre

Education

• Berjaya University College
• Inti International College Kuala Lumpur
• Segi College
• St. John’s International School
• Taylor’s International School
• University of Nottingham Teaching Centre

Malls

• Low Yat Plaza
• Sungei Wang Plaza
• Lot 10
• Starhill Gallery
• Suria KLCC
• Berjaya Times Square

Lucentia Residences Floor Plan

There are 5 different types of layouts available at Lucentia Residences to meet the varying needs of its residents. Type A is a studio unit with one bathroom and a built-up area of 454 square feet. Type B has a slightly larger built-up area of 554 square feet with 1 bedroom and 1 bathroom. Type C has a built-up area of 654 square feet with 1+1 bedroom and 1 bathroom. Type D, with 2 bedrooms and 2 bathrooms has the largest built-up area of 859 square feet. Another option to Type D would be Type Dd which comes with dual keys with 2 bedrooms and 2 bathrooms in a unit and a similar built-up area of 859 square feet. Investors will find the dual key feature an attractive one as two rental incomes can be generated from this property. Extended families living together would also consider this a good option as it enables them to maintain their privacy while living under the same roof.

Below are the floor plans of each layout and its location:

• Type A – 454 Square Feet
• Type B – 554 Square Feet
• Type C – 654 Square Feet
• Type D – 859 Square Feet
• Type Dd – 859 Square Feet

There are a total of 666 units in Lucentia Residences over two conjoined towers with 47 floors in Block 1 and 35 floors in Block 2. Type A would be suitable for a single occupant while Type B would be a good option for a single occupant who prefers a larger built-up area, or even a young family. Type C would fit a young family with children while Type D would be suitable for a larger family. Type Dd, with the dual key option, would fit those who are looking to rent out the additional room.

Lucentia Residences Facilities and Amenities

Lucentia Residences comes equipped with a stellar list of facilities and amenities to provide a high degree of comfort and convenience for its residents. The Podium Deck at Level 3a will be an ideal place for families to spend quality time with each other as it houses a playground, a sun deck, a kid’s pool as well as a hammock garden. It also boasts a biological pool, a jacuzzi pool, a 50-metre lap pool, a family pool as well as a sunken deck for residents to get some exercise amid a resort-style surrounding. Children will also genuinely enjoy the treehouse which has access to the open-air play area on the mezzanine level. The mezzanine level also houses a cantilevered gym as well as a parlour where residents can spend time with family and friends.

Another unique feature of Lucentia Residences is the Sky Deck which is located on level 33a and level 35. The Sky Deck, as the name suggests, gives a panoramic view of the city. Residents may also relax at either the pool pavilion, garden pavilion, tea lounge, or the music and games room situated at the Sky Deck on Level 33a. There is also a Family Living Suite here where families may gather to spend quality time together. The BBQ Deck would also be a perfect spot for gatherings with family and friends.

The Sky Deck at Level 35 also holds a gym, a yoga deck, a spa lounge as well as an infinity pool overlooking the city. It will indeed be a surreal experience to swim laps in the infinity pool at such heights. The Garden Cabanas at the Sky Deck with its stunning views is a perfect place for quiet moments. With such facilities and amenities in Lucentia Residences, residents may never have to leave the comfort of the homes for exercise, relaxation, and quality time with family and friends.

Podium Dect At Level 3a

• Gourmet Kitchen
• Multipurpose Hall
• Lounge
• Toilet
• Surau
• Laundry Room
• Tree House
• Playground
• Sun Deck
• Kid’s Pool
• Hammock Garden
• Outdoor Seating
• Function Lawn
• Food Preparation Area
• Outdoor Terrace
• Herb Garden
• Changing Room
• Sunken Deck
• Biological Pool
• Jacuzzi Pool
• 50M lap pool
• Family Pool
• Lift Lobby
• Covered Plaza

Podium Deck At Level 3aM

• Cantilevered Gym
• Parlor
• Tree House
• Lift Lobby

Sky Deck At Level 33a

• Pool Pavilion
• Reading Suite/Library
• Garden Pavilion
• Tea Lounge
• Garden Cabanas
• Chill Deck
• Games and Music Room
• Family Living Suite
• Family Kitchen Suite
• BBQ Deck
• Reflexology Path
• Lift Lobby
• Viewing Deck

Sky Deck At Level 35

• Gym
• Yoga Deck
• Spa Lounge
• Sitting Area
• Garden Cabanas
• Infinity Pool
• Lift Lobby

Lucentia Residences Property Analysis

Lucentia Residences that is due for completion in March 2021 is based in the stunning BBCC development with its stellar facilities and amenities that makes it stand out from the rest. Several unique factors set it apart from the rest such as the Malaysian Grand Bazaar in the Entertainment Hub which is a one-stop centre that allows visitors to experience the best food, handcraft, and culture performances from all states in Malaysia. The presence of Mitsui Shopping Park Lalaport by Mitsui Fudosan in BBCC is also a factor that makes it unique. Mitsui Fudosan is the largest integrated developer in Japan. This five-story mall, with 82,600 square feet of leasable space, could potentially be the home to more than 300 retail outlets. However, these two unique factors could also draw a crowd and lead to increased traffic in the BBCC area.

Target Market

Lucentia Residences would be a prime option for those who enjoy living in the city centre yet not compromising on comfort, travel time, and even a surrounding with nature. Lucentia Residences has been designed to promote luxury and prestige and would be attractive to those who fall in the upper-middle-class category. Upcoming young professionals with high earning capacity would certainly appreciate the energy and zest that the city centre can provide. Expatriates looking for a suitable place to live would also find Lucentia Residences an answer to their search.

Competitor Analysis

In this analysis, four developments which are D Majestic Residence, Laman Ceylon, 6 Ceylon, and Pavillion Ceylon Hill will be taken as comparisons.

A strong competitive edge for Lucentia Residences is its location within an integrated development which contains a retail mall, a variety of eateries, an entertainment hub as well as a transit hub that will ensure convenience. This provides a cutting-edge touch to Lucentia Residences which makes it stand out in comparison to the rest of the other developments. Combined with a host of top-notch facilities and amenities, this would also justify Lucentia Residences being in a higher-priced bracket compared to the rest. Furthermore, although the other 3 properties in this analysis have a lower price per square feet, these developments were completed back in 2014-2015. In comparison with Pavillion Ceylon Hill which will be completed in the same year as Lucentia Residences, there is only a small difference in the price per square feet. The developers behind BBCC which are UDA Holdings Berhad (UDA), Eco World Development Group (Eco World), and Employees Provident Fund (EPF) Malaysia also have a good track record in the market.

However, an area of concern is the leasehold tenure status for Lucentia Residences, especially since leasehold properties tend to have a slower price appreciation after 30 years into its lease. In comparison with the rest of the developments, Lucentia Residences also has a smaller variety of built-up sizes which might limit its target market. Lucentia Residences is also located in the previous site of Pudu Jail which might be a stigma to some. However, the target segment which Lucentia Residences aims to attract, the young and upcoming generation, value convenience, a modern way of living, and an integrated development as more important factors in choosing a home.

Lucentia Residences Developer

Lucentia Residences is a joint development between UDA Holdings Berhad (UDA), Eco World Development Group Berhad (Eco World), and Employees Provident Fund (EPF) Malaysia.

UDA Holdings Berhad, a public listed company was formerly known as Urban Development Authority of Malaysia. It was established by the Malaysian government on 12 November 1971. It was incorporated on 1 September 1996 and became UDA Holdings Sdn Bhd before it was renamed to UDA Holdings Berhad in 1999. Among its objectives are to launch and oversee urban development projects related to business, industry, and housing as well as to develop urban infrastructure. UDA is also responsible for the conservation of historic urban buildings.

Aside from this, UDA has also diversified into the hospitality industry, retail business through a joint venture subsidiary, UDA Ocean, and franchising with the fashion line ‘Bonia’ under UDA’s empire. Among its residential property developments are Anggun Residences (serviced apartments) in Kuala Lumpur, Crescent Dew Lakehomes (semi-detached and bungalow units) in Penang and Evoke Residence in Penang.

Among commercial projects developed are Coast Kemaman (3 and 4 storey shop houses) in Terengganu, Elevate @ Gravitas (retail, office, and hotel) in Penang and Menara Legasi (office tower) in Kuala Lumpur. Under its illustrious belt are also townships such as Subang Jaya (Selangor), Bandar Tun Hussein Onn (Selangor) and Taman Tun Dr. Ismail (Kuala Lumpur). There are several upcoming projects in line which are Dedaun Heights (residential) in Bandar Tun Hussein Onn, Selangor, Legasi Attalea (residential and commercial) in Sepang Selangor, and Residensi 38 (residential) in Bangsar, Kuala Lumpur.

Eco World is a well-known name in Malaysia’s property landscape with projects located in Klang Valley, Iskandar Malaysia, and Penang. The Group presently has approximately 8,126.4 acres of landbank with a total gross development of RM 87.5 billion as well as 20 projects in total. It has also taken its business internationally through its associates in countries such as Singapore, the United Kingdom, and Australia.

Eco World is a publicly listed company on the main market of Bursa Malaysia Securities Berhad. Among its completed projects are Eco Botanic (residential and commercial) in Iskandar Johor and EcoSky (retail, office, and residential) in Kuala Lumpur. Among the projects due for completion are Cora, Eco Ardence, Artezza @ Eco Sanctuary, Telok Panglima Garang, and Eco Botanic, Skudai.

EPF is a federal statutory body in Malaysia that manages the compulsory savings plan and retirement planning for private-sector workers in Malaysia. It is one of the world’s oldest provident funds, having been established in 1951. One of their vision is for their members to have a good retirement and in line with this, EPF has extended its mandate to include aiding national infrastructural development while safeguarding and growing members’ retirement savings.

Summary

Among the vision of BBCC where Lucentia Residences is located is to provide an authentic urban experience, to bring back the community’s vibrant past, to rejuvenate the city, and to create a new environment that embraces the way people live. Ultimately, this is what the urban renaissance of BBCC stands for. With a strategic location in a vibrant business district and top-notch facilities and amenities, residents of Lucentia Residences can proudly call a place that is set to trailblaze a path for the rest, their home.