Southbank Residence is an upcoming high rise development strategically located in a prime district along Old Klang Road. It is the perfect place for residents to enjoy the exciting inner city lifestyle as the development is situated within close proximity to many public amenities. Southbank Residence got its name from being located next to the Klang River directly opposite from Bangsar South.
Southbank Residence is deemed by many to be an overpriced development, but this is a given as Southbank Residence is a product of the Singaporean property developer UOA Group. Southbank Residence is however indeed of excellent location situated just off Old Klang Road.
Residents will have premium access to the many food stalls located on Old Klang Road with their choice of frog porridge, bak kut teh shops and steamed fish head. There is also a popular Thai restaurant here and a couple of Japanese restaurants. Situated slightly up the road is also a wet market that is opened on a daily basis and beside it a delightful Chinese hawker stall.
Getting to the Kuchai Entrepreneurs Park will take only 15 minutes, where from there is the Maju Expressway (MEX) for direct access to the Kuala Lumpur International Airport (KLIA), the North-South Highway, SMART Tunnel and the New Klang Valley Expressway (NKVE).
Very much closer to home is the Federal Highway literally within walking distance of Southbank Residence and the Kuala Lumpur city centre is only 10 minutes away in clear traffic. Getting to the New Pantai Expressway (NPE) in future may also take all of five minutes only with the proposed direct link to the highway from Southbank Residence.
For entertainment, Mid Valley Megamall is only 10 minutes away from home; less in clear in traffic. Just down Old Klang Road is also Scott’s Garden which hosts a Tesco hypermarket and numerous drinking spots that are popular at nights and during the weekends.
Southbank Residence is also the perfect place for residents to experience the convenience of urban living as the development is also very well connected to public transportation with the Seputeh KTM station at Mid Valley which is a direct link to the KL Sentral public transport hub.
With its convenience of accessibility within the city, Southbank Residence is the home for residents who love the city lifestyle and desire connectivity to all parts of town
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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 (%) |
|---|---|---|---|---|---|
| Southbank Residence | May 2017 |
RM306,900
-
RM750,000
RM 466 psf - RM 802 psf |
RM1,450 - RM1,450 | NIL | 4.55 % |
| Vivo Residential @ 9 Seputeh | Mar 2019 |
RM355,000
-
RM1,679,860
RM 369 psf - RM 1,232 psf |
RM950 - RM950 | NIL | 2.92 % |
| Faber Tower | 2015 |
RM489,000
-
RM536,000
RM 489 psf - RM 650 psf |
NIL | NIL | NIL |
| Camellia | Feb 2014 |
RM480,000
-
RM1,250,000
RM 631 psf - RM 1,022 psf |
RM1,500 - RM1,500 | NIL | 4.55 % |
| The Scott Soho | 2013 |
RM316,000
-
RM850,000
RM 413 psf - RM 638 psf |
RM1,500 - RM1,500 | NIL | 3.57 % |
| Papillon Desahill | Mar 2011 |
RM950,000
-
RM2,980,000
RM 482 psf - RM 1,170,000 psf |
RM2,900 - RM2,900 | NIL | 2.28 % |
| The Scott Garden | 2011 |
RM283,000
-
RM805,000
RM 278 psf - RM 907 psf |
RM1,100 - RM1,100 | NIL | 5.4 % |
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 656 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 450 psf | - | RM 1,104 psf |
| 1,500 - 2,500 SQ. FT | RM 505 psf | - | - |
| 2,500 - 4,000 SQ. FT | RM 392 psf | - | - |
| 4,000 SQ. FT and above | RM 184 psf | RM 3,214,000 psf | - |
Note:
| Down Payment (10%) | RM 56,680 |
| Loan Amount ( 90 %) | RM 510,120 |
| 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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