KUALA LUMPUR: Boutique property developer JL99 Group will be unveiling its latest project called 99 Residence @ KL North with an estimated gross development value (GDV) of RM750 million, on Sept 28 and 29.
The leasehold serviced apartment project, which takes up seven acres of a 17-acre site owned by the developer in Taman Wahyu, Kuala Lumpur, fronts the Middle Ring Road 2 (MRR2) and will have 1,421 units spread evenly over four blocks.
According to JL99 group chairman Datuk Seri Jeff Lee, the developer will be building a private access road from the project to the MRR2.
The units at 99 Residence come in four design layouts with built-ups ranging from 900 sq ft to 1,380 sq ft. Every unit has at least three bedrooms and two bathrooms. Each comes with at least two side-by-side car park bays. Prices start from RM498 psf with stamp duty exemption for those eligible under the National Home Ownership Campaign which is running until end -December 2019.
“99 Residence is designed to cater for own-stay, hence the contemporary dynamic design with more than 48 common facilities and spacious common areas,” Lee told EdgeProp.my.
There are five facility zones located on level 1, level 10 and the roof top level. Located on level 1 is The Park which will have a jogging path and a scenic walkway, while the Aqua, the Garden, the Harmony and Energetic Zone are located on level 10 with facilities such as a lagoon pool and lap pool, garden, children’s playground, fitness station, aerobics room, squash court, and a multipurpose hall with badminton court.
There is also an infinity sky pool on level 53A which will also offer the Sky BBQ area, the Sky Party Lounge, Sky Bridge (linking Block B with Block C) and the Sky Pavilion, just to name a few.
“Besides the extensive facilities for residents of all ages, we designed this project from the user’s perspective, with features such as an additional direct access vehicle speed ramp to designated car park levels for residents’ convenience, as well as the space efficiency design,” Lee explained.
He noted that the project’s common areas and facilities are more spacious than the standard requirements. For instance, the corridors (8ft), the vehicle ramp (12ft), the multipurpose hall (7,400 sq ft) and sky gym (4,500 sq ft) are all wider than normal.
“We have lower density and larger areas for common facilities and services, hence we are sacrificing our net saleable space and GDV in return for the comfort of residents,” said Lee.
Exclusive access road straight to MRR2
While recognising the stiff competition from other new projects in Taman Wahyu, Lee is confident 99 Residence will do well, given its location.
“Our project is strategically located right beside the MRR2 and Jalan Kuching, 13km away from KLCC. Residents get to enjoy the view of the majestic Batu Caves and unobstructed KL city centre views.
“Another feature that makes our project different is the private flyover access road (ingress and egress) from the MRR2, which gives our residents another option when Jalan Kuching, the main access road to Taman Wahyu, is too congested during peak hours,” he pointed out. The flyover is slated for completion before the handover of 99 Residence in three-and-half-years’ time.
Taman Wahyu is also currently served by Taman Wahyu KTM station. The construction of Sri Delima MRT station about 2km away is expected to be completed in 2021.
The current package by 99 Residence offers free shuttle service to MRT and KTM train station, free door grill, kitchen cabinet, air-con, water heater, smart lock and RFID guardhouse car access system. The developer is also running a RM3-million -worth-of-prizes lucky draw campaign.
“JL99 is building affordable luxury homes for the people. We will continue to stamp our mark on the industry in elevating urban living standard.
“This is why we need to hit the sweet spot — the value added to the money spent on a property. The key to survival in such tough times is to sell a project as soon as possible to shorten the turnover time, so that we can move on to the next project with resources in hand,” said Lee.
He added that 99 Residence and the remainder of the 17-acre plot will keep the team busy for the next seven years.
“The next phase will also be a high-rise residential project. We will also have some commercial units but the details are yet to be finalised,” he revealed. The group is also looking to launch a Residensi Wilayah project in Sri Rampai soon.