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LakeFront Residence is a beautiful new residential development in the cybercity of Cyberjaya in Malaysia. It is situated by the beautiful lakes of the township, hence its name. This development is a proud project by the MCT Consortium group, who have a wide range of successful projects under their names with many ongoing ones. Some of their other projects include One City in USJ 25 and Cybersouth in Cyberjaya.
Lakefront Residence is the only exclusive water fronting project of the developers. Lakefront Residence will span 23 acres of land and comprise mainly of medium and high rises of rather low density. As of 2015 they have four developments here which are Caldesia, Acorus, Brasenia and a development of Lakefront Villas.
Situated just opposite Setia Eco Glades from SP Setia, Lakefront Residence is will have approximately 2000 homes at the end of its development, and is estimated to bring in a total new population of about 10,000 people. As a beautifully planned town, every component of Lakefront Residence will bear its own exclusive facilities.
The medium and high rises of Lakefront Residence will enjoy a comprehensive range of facilities that will not only serve as a recreation area but will also provide an aesthetic view when seen from above. There will be mini theatres, childcare centres and clubhouses within the development to provide entertainment for all ages.
Every unit of home in Lakefront Residence will get a minimum of two parking lots for the convenience of residents. Prices of Lakefront Residence are also affordable, with the lowest and highest floor of the first phase of Lakefront Residence bearing a mere RM20,000 difference. The average price psf in 2013 was only approximately RM420 psf.
All the units will be at least partially furnished with the kitchens being fully furnished with built-in kitchen cabinets and hood and hob in both wet and dry kitchens. All the bedrooms and living rooms also come with air-conditioners to ward off the humid tropical Malaysian weather.
Conveniently located, Lakefront Residence will be close to international schools for all ages and also institutions of higher education. There is the University College of Medical Sciences (MSU), Multimedia University (MMU) and LimKokWing University of Creative Technology all within minutes of Lakefront Residence. Also centrally located to the South Klang Valley Expressway (SKVE) and Maju Expressway (MEX), residents enjoy excellent connectivity to the city of Kuala Lumpur.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
LakeFront Residence | Apr 2020 |
RM214,000
-
RM1,980,000
RM 239 psf - RM 578 psf |
RM650 - RM650 | NIL | 1.68 % |
Setia Eco Glades | 2015 |
RM675,000
-
RM3,950,000
RM 359 psf - RM 911 psf |
RM2,600 - RM2,600 | NIL | 3.53 % |
The Arc | 2015 |
RM200,000
-
RM808,000
RM 234 psf - RM 418 psf |
RM430 - RM430 | NIL | 1.99 % |
Reflexion | Feb 2014 |
RM1,040,000
-
RM2,680,000
RM 226 psf - RM 623 psf |
RM3,500 - RM3,500 | NIL | 3.23 % |
Taman Amanputra | 2002 |
RM450,000
-
RM1,460,000
RM 160 psf - RM 418 psf |
RM1,350 - RM1,350 | NIL | 1.73 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | RM 373 psf | - | - |
1,000 - 1,500 SQ. FT | - | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 50,825 |
Loan Amount ( 90 %) | RM 457,425 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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