All about Project Property in Kuala Lumpur
You can call for more information on the Project.
Msg or Call Melvin 019-4424882
Email : Melvinyeep.property@gmail.com
Befitting the tagging, Paramount Utropolis @ Glenmarie is an integrated development with KDU University College (KDU University College), 1035 units residential, Utropolis Marketplace with 120,000sqft NLA are within the development itself to meet the daily needs of the residents. This is PARAMOUNT UTROPOLIS @ GLENMARIE.
Location of the Property
Let’s us walk you through the location of the Paramount Utropolis @ Glenmarie.
Paramount Utropolis @ Glenmarie is located at the border of Subang Jaya, bearing Glenmarie, Shah Alam address. Glenmarie is a widely known to most car enthusiasts; we call this is place with houses of cars, need not to elaborate more!
Picture this, Federal Highway is a river; Subang Jaya direct opposite side of the river.
Glenmarie is the twin brother of Subang Jaya separated by the river, often gets neglected; get the drift? Or at least the main plot of the story, ‘Twins of Subang Jaya’ anyway twins or not!
This is prime real estate and read on to and we will tell you why so.
Current Accessibility, Infrastructure and Amenities
Paramount Utropolis @ Glenmarie has is accessible to 6 major highways in Klang Valley, starts with Federal Highway, NKVE, Guthrie Corridor Expressway, Elite Highway, NPE, LDP.
Paramount Utropolis @ Glenmarie, being situated in the prime area would mean there will no short of amenities.
School:
Paramount Utropolis @ Glenmarie itself is walking distance to KDU University College and Politeknik Sultan Salahuddin Abdul Aziz Shah and short driving distance to Japanese International School, SMK TTDI Jaya, SM Teknik Shah Alam, Batu Tiga, SK TTDI Jaya
Groceries shopping:
Giant Shah Alam, Tesco Shah Alam and Paramount Utropolis @ Glenmarie Marketplace in future (upon its completion) for daily groceries needs.
Malls & Banking needs:
Empire Subang, Subang Parade, Citta Mall Ara Damansara, SS15 commercial centre area
Hospitals:
Ramsay Sime Darby Medical Centre Ara Damansara, Ramsay Sime Darby Medical Centre Subang Jaya
Sports & recreational:
Stadium Shah Alam, Stadium MBPJ, Saujana Golf & Country Club, Subang National Golf Club
Transportation:
Subang Airport, KTM Batu Tiga
Civil service:
Police station Bukit Jelutong, Fire & Rescue Department Bukit Jelutong
All these amenities are within reach within short driving distance.
Developer Profile
So, who is Paramount Property? Paramount has more than 37 years in property business. Paramount Property is 100% owned by Paramount Corporation Berhad which is listed in main market of Bursa. The key businesses are mainly on property and education.
Who does not know KDU University College, KDU College, and Sri KDU School? If you are Kemuning Utama buyers 10 years ago, surely you will love Paramount. The price of the guarded and gated development is now triple the original purchase price. Similar success also applies to Bandar Laguna Merbok at Sungai Petani which awarded 12th FIABCI-Property Award Distinction in 2004. Recently, several awards also given to Paramount including BCI Asia Top Ten Developers 2011 in Malaysia, Property Insight 2015 Best Boutique Development (Sejati Residences), and Best Self-Sustained Development (Paramount Utropolis @ Glenmarie).
Financially, Paramount Corporation is always profitable and property business always contributes more than 70% of its revenue. Currently, the developer is holding 863 acres of land bank and having five on-going developments worth GDV RM2.5bil. The on-going projects include Sejati Residences (Cyberjaya), Sekitar 26 (Shah Alam), Bukit Banyan (Sungai Petani), Bandar Laguna Merbok (Sungai Petani) and of course our feature project here Paramount Utropolis @ Glenmarie. In addition, the developer has other future pipelines in Petaling Jaya, Klang, Penang, Kota Damansara and Shah Alam. Recently, Paramount also acquired 237 acres of land in Sepang. In short, the good track record of Paramount’s property business experience, reputation, financials, past delivery and its organic growth make the developer and completion risk redundant.
Master Plan
Paramount Utropolis @ Glenmarie sits at 21.7 acres land which comes with integrated lifestyle concept of “Live-and-learn. Work-and-play”. The 10 acres size of KDU University College is currently hosting more than 3,000 students and the completion of Paramount Utropolis Marketplace (commercial retails), which will be located underneath the Phase 2 (2 Towers of Lifestyle Suites & 2 Towers of Serviced Apartments), will add more lifestyle to the students, staffs and its nearby communities in Glenmarie.
Some artist impression of the overall development can be seen from the youtube link below
Serviced Apartments & Lifestyle Suites
The current launch of Paramount Utropolis @ Glenmarie is phase 2B that consist of Tower C (136units) and D (117units). While units in Tower C are almost fully taken up, Paramount has launched Tower D with following composition that spread over 9 floors (From level 4-12).Phase 2B (Tower C & D)
Type of Units
Dual Key (Yes/No)
Configuration
Built Up
(sqft)
Unit in Tower D
Indicative Selling Price (RM)
Type D
Yes
3 bedrooms &
3 bathrooms
1,202
27
From RM1,029,700 (From RM856psf)
Type E
Yes
2 bedrooms, 1 study room & 2 bathrooms
1,030
45
From RM874,300 (From RM848 psf)
Type F
No
3 bedrooms &
2 bathrooms
1,162
36
From RM990,000 (From RM852 psf)
Type G
No
2 bedrooms &
2 bathrooms
797
9
From RM672,300 (From RM843 psf)
Following are the layouts
Not only this, type F is having advantage of being the corner units that afford more privacy and without sharing wall with another neighbors.From the modified layout above, bedroom 4 can be easily added and based on current rental for twin accommodation in KDU hostel, the extra bedroom can easily bring 2xRM650 extra rental per month for the owner.
Space Saving Furniture Feature
As mentioned earlier what differentiate Tower D versus the rest launched are each unit comes in fully furnished with exception of loose items and selected electrical appliances (TV, toaster etc). What make the additional fittings unique is Paramount Property has work together with MOCOF to furnish the unit with innovative space saving furniture. These additional fittings is only available for type D,E & F. MOCOF is Italian Brand Furniture emphasizing on space saving and yet functional, innovative and aesthetical looking furniture. All the main components came from Italy and assembled locally in order to save some cost.
Given the active lifestyle of the students and limitation for the space in bedroom as common space, essentially the furniture has multi functionalities that can be “transformed” when you have the needs.
The ensuite studio in type D & E for example upon the fit up with the MOCOF, the space can comfortably accommodate two to three students. You can set the bed with simple few steps by tucking away the sofa.
Investment and Rental Analysis
At the moment, the KDU University College students have a choice to stay in the hostel that located just within KDU University College itself.
Based on the rental at the hostel, the following rental can be expected by renting the Serviced Apartments to the students assuming each room can accommodate two students.
Type of Units
Configuration
Students
Expected Rental (RM)
With MOCOF (RM)
Type D
3 bedrooms
6
3,900 (5%)
5,200 (6.8%)
Type E
2 bedrooms
4
2,600 (4%)
3,900 (6%)
Type F
3 bedrooms
6
3,900 (5.3%)
5,200 (7.1%)
Type G
2 bedrooms
4
2,600 (5.2%)
N/A
*Additional 2 students can be accommodate from using MOCOF.
By using the MOCOF or add another bedroom in type F, the expected rental yield can be boosted with the extra headcounts.
The hostel only has capacity of 800 beds and currently KDU UC has 3000 students. KDU University College targets to increase the student intake to 7000 population. If it is materialised, there will be shortage of student accommodation where the launched 1,035 units of Lifestyle Suites and Serviced Apartments (for all 3 phases) are expected to absorb the demands.
A quick check with developer of the rental in surrounding area can be summarised in snapshot below.
Development
Built Up (sqft)
Rental (Per month)
Serviced Apartment
Prima U1 (Seksyen 13, Shah Alam)
1100 (3 BR)
1,500-2,000
Brunsfield Riverview (Seksyen 13, Shah Alam)
900 (3 BR)
1,500-1,700
Sri Acapella Residences (Seksyen 13, Shah Alam)
730 (1 BR)
1,800-2.000
E-Tiara (SS16, Subang Jaya)*
700 (2 BR)
2,000-2.600
Subang Avenue (SS16, Subang Jaya)*
1300 (3 BR)
2,900-4,300
Olives Residences (SS16, Subang Jaya)*
1500 (3 BR)
2,700-3,200
Amaya Saujana (Saujana Subang)*
1808 (3 BR)
3,800-4,800
Saujana Residency (Saujana Subang)*
994 (2 BR)
3,500-4,200
SOHO/ SOVO/ SOLO/ SOFO
Casa Tiara (SS 16, Subang Jaya)*
880 (3 BR)
2,300-2,700
Subang SOHO (SS 19, Subang Jaya)*
685 (1 BR)
1,700-2,000
First Subang (SS 15, Subang Jaya)*
458 (Studio)
1,600-1,900
SOHO@Empire Subang (SS 16, Subang Jaya)*
797 (1 BR)
2,500-3,000
Source: From Iproperty, Property Guru
*Fully Furnished units
The nearest development to the KDU University College are those condos in Seksyen 12, Shah Alam such as Sri Acapella and Riverview. However the students require own transport as these are not within walking distance to campus.
Call 019-4424882 for more information and update for this project
