The next wave of development in Pandan Perdana offers a great living and investment proposition.
The 28 Boulevard development in Pandan Perdana.
IN recent years, the limelight on developments has been mainly on Pandan Indah but there have been noticeable stirrings of a next great growth for its sister township, Pandan Perdana in Kuala Lumpur.
The Pandan Perdana township is strategically located between Ampang Jaya, Cheras and Taman Shamelin in Kuala Lumpur. It would seem that this hidden gem is receiving plenty of attention from developers looking to rejuvenate this mature residential area.
After all, Pandan Perdana comes with amenities such as restaurants, coffee shops, grocery and convenience stores, clinics, banks, primary and secondary schools. Within close proximity are entertainment and F&B (food and beverage) outlets, shopping, health care and educational necessities at the Pandan Indah and Taman Shamelin neighbourhoods.
This cuts down on lengthy commutes that plague new townships, enabling the convenience of a five minute drive for food or to the dry cleaner’s.
It’s no surprise then that Pandan Perdana, located a mere 6km from the Kuala Lumpur city centre, is set to grow as a neighbourhood with its well-connected accommodation supported by the convenience of urban amenities. Being strategically located, travelling to and fro from the city centre is easy.
The township is highly accessible by virtue of the MRR2 (Middle Ring Road 2) highway, Besraya highway and the LRT (light rail transit) station.
Should you want to be in the thick of the action, you will find that popular destinations such as the swanky Pavilion KL shopping centre located in the heart of Bukit Bintang is a mere 4.5km away while the iconic Petronas Twin Towers is just 5.8km away.
For a touch of nature, Pandan Lake offers recreational activities among greenery. In the cool mornings and evenings, the lake offers a great way to commune with nature and relax with spectacular sunrise and sunset vistas.
Pandan Perdana has hit its first phase of maturity with link houses developed two to three decades ago which means that no residential developments have come about for quite some years now.
However, the introduction of high-rise residential projects in the surrounding townships indicates that this area has become very much in demand for its excellent connectivity, strategic location and comprehensive range of amenities.
Neighbouring developments include Residence and Sentrio in Desa Pandan, Bayu Pandan Jaya in Pandan Jaya and Shamelin Star in Taman Shamelin – launched in 2012 and 2013 – which were priced between RM450,000 and RM1mil for an average unit size of 1,000sq ft.
Back in 2010, projects such as Axis Residence, Axis Crown in Pandan Indah, Shamelin Bestari in Taman Shamelin and Pandan Mewah heights in Pandan Mewah, Kuala Lumpur, were launched between RM150,000 and RM350,000 for an average unit size of 1,000sq ft.
This simple comparison shows that the prices of property in this area are going up with no way of coming down. The good news is, prices within the area are still within the affordable bracket.
With the MRT (mass rapid transit) line coming up, there’s plenty of positive sentiment surrounding Pandan Perdana today. One of the most exciting projects is an integrated development known as 28 Boulevard by the Beverly Group, the same developer for the award-winning Marc Service Residence at KLCC.
The group sees the area’s potential and has designed an iconic 45-storey development which is modern yet affordable for the new generation of residents at Pandan Perdana.
Beverly Group has teamed up with Mapletree Investments Pte Ltd, a subsidiary of Temasek Holdings (Pte) Ltd, Singapore. Both these entities have enviable track records of successful projects. 28 Boulevard looks set to be another feather in the cap.
This project, integrated with Pandan Lake, enables residents to enjoy pristine lake views and a bird’s eye glimpse of the city, including the KLCC Twin Towers.
Comprising a mix of leasehold Soho (Small office home office) units and serviced apartments, 28 Boulevard comes with a full range of facilities and is priced from RM270,000.