LakeFront Residence is a new upcoming township belonging to MCT Consortium which is located in Malaysia’s IT hub, Cyberjaya. This township consists of three main parts, which are LakeFront Homes, LakeFront Residence and LakeFront Villa.

LakeFront Residence is nestled in a 17% footprint on a 23-acre of land. As of late 2013, only phase one of LakeFront Residence has been launched in September 2013, which consisted of two towers, out of the eight towers condominium. The LakeFront Homes and LakeFront Villa will be launched later on with PRIMA affordable houses and bungalow houses.

The LakeFront Residence comes with eight 42-storey freehold condominium residences which are expected to be completed by the end of 2017. So far, only two towers were launched with a total of 606 units, whereby the entire project would have over 2,400 units. About 1,200 units will be on VP by 2018 and the rest of the 1,200 units will be ready after 2020.

The built-up areas of LakeFront Residence vary between 1,300 and 1,640 sf. The launch price began from RM420 psf, meanwhile, the maintenance fee is set at RM0.20 psf. The well known developer offer semi-furnished furniture which include five air-conditioners, four fans, wet kitchen cabinet with cooker hood and hob, dry kitchen cabinet, master bedroom wardrobe, plaster celling and with downlight (full house) and spacious balcony (1 or 3 balconies).

Besides that, LakeFront Residence also comes with facilities namely swimming pool, bistro, laundry, convenience store, mini theatre, clubhouse, jogging track, children playground, sky garden, gymnasium, sauna, wading pool, multipurpose hall, basketball court and water playground. Tight 24-hour security with CCTV surveillance are also arranged to give maximum security to the residents, as well as pristine maze garden, roof top garden and 300 m linear park are also made available for the tenants to chill and relax from within their homes.

In terms of amenities, Lakefront Residence is surrounded by Multimedia University, Limkokwing University College Of Creative Technology, Cyberjaya University College Of Medical Science, future SEGi College, University Putra Malaysia, UNITEN, Seri Puteri Boarding School and SJKC UNION from Perak (expected to open in 2017).

 

 

Property Details

• Name: LakeFront Residence

• Address: Off Persiaran Bestari, 63000 Cyberjaya, Selangor

• Developer: MCT Consortium

• Completion Date: 2017 (estimate)

• Type: Condominium & Bungalow

• Tenure: Freehold

• No. of Blocks

  • Condominium: 8

• No. of Storey

  • Condominium: 42

• No. of Units

  • Condominium: 606

• Built-up

  • Condominium: 1,300 – 1,640 sf

• Maintenance Fee

  • Condominium: RM0.20 psf

• Launch Price

  • Condominium: From RM420 psf

Facilities

• Swimming pool

• Bistro

• Laundry

• Convenience store

• Mini theatre

• Clubhouse

• Jogging track

• Children playground

• Sky garden

• Gymnasium

• Sauna

• 24-hour security

• CCTV surveillance

• Wading pool

• Multipurpose hall

• Basketball court

• Water playground

• Maze garden

• Roof top garden

• 300 m linear park

 

Analysis

LakeFront Residence is a new development of MCT Consortium, a property firm which was commenced in the year 1999 and had launched and developed many properties ever since. Among the firm’s proud development are Sky Park, D’Pristine, The Place, V-Residensi 2, One City, 162 Residency and Park Residence. For this development, the developer offers 13% to 15% discounts, as well as free sales and purchase agreement, free legal fees and developer interest bearing scheme (DIBS). Each unit would be given two free parking lots.

LakeFront Residence is located strategically nearby numerous amenities, as well as government offices and privatised companies. The project’s close distance to several education institutes has become the biggest selling point as the rental value for the development would be quite high. Investors can consider buying this property for investment, yet it is vital to note that, this is a high density development and it would make the traffic congestion worst as currently there are no commuter or monorail transportation available nearby.

SJKC Union that will starts constructing in 2015 and estimated to complete in 2017 is definitely an advantage point for LakeFront Residence as the school sit just next to the property as well as Lakefront Villas.

The DPulze Shopping Centre opening in the end of October 2014 is just 5 minutes from Lakefront Residence, will definitely bring in more crowd to this Silicon Valley and another giant Shopping Mall – IOI City Mall opening November 2014, just 13 minutes (12.6 km) driving from Lakefront Residence, Cyberjaya surely will grab more audiences from surrounding.

Cyberjaya is well connected by Maju Expressway (MEX). The completion of the Kuala Lumpur – Putrajaya Highway in December 2007 has cut the travel time by car from Kuala Lumpur to Cyberjaya to 20 minutes. The highway which ends at the Putrajaya Utama toll plaza links up to the Elite Highway which will then give motorist only another 10 minutes to get to Kuala Lumpur.