D'Summit Residences

D’Summit Residences @ Johor Bahru D’Summit Residences @ Johor Bahru is a serviced apartment developed by Wealthy Growth, a subsidiary of IOI Properties. It is located near the Kempas exit in the North-South Highway and its expected completion date is in December 2017. This modern serviced apartment is set on a 9.8 acres of freehold land comprises of four 35-storey blocks known as the Aries Tower, Orion Tower, Phoenix Tower and Celena Tower. In total, there are 3150 units with built-up areas ranging from 527 – 1,238 sq ft offered by the developer. Prospective buyers need not fret about furnishing their units as each are fully furnished with air conditioner, electrical appliances, kitchen cabinet and furniture – they simply has to just walk-in. The four types of layouts offered are also practical as it caters to each and every customer’s needs with ‘living comfort’ in mind, along with quality finishes which add a touch of elegance. Security is not compromised as a three-tier security system that comprises of CCTVs, smart card access, video intercom system and panic button in each unit which is in place to ensure that the residents will have a peace of mind. Facilities offered here caters to the various needs of the residents such as the Jacuzzi – for those who want to relax after a busy day, gymnasium – for those who wish to burn calories, a multipurpose hall which doubles as a badminton court, swimming pool and a café. D’Summit Residences is strategically located as it is near the Kempas toll, thus providing residents an easy access to several amenities such as the CIQ Complex, Fairview International School, Kempas Medical Centre, Starhill Golf and Country Club, AEON and Tesco that ranges from 5 - 15 minutes’ drive away.

Property Details

Name: D’Summit Residences @ Johor Bahru

Address: Taman Kempas Utama, Johor Bahru, Johor

Developer: Wealthy Growth (a subsidiary of IOI Properties)

Completion Date: December 2017 (expected)

Type: Serviced Apartment

Tenure: Freehold

No. of Blocks: 4

No. of Storey: 35

No. of Units: 3150

Land Area: 9.8 acres (3.97 ha)

Built-up: 527 – 1,238 sq. ft.

Maintenance Fee: RM0.25 psf

Launch Price: from RM343,900 to RM960,000

Layouts

Type A -1 bedroom, 2 bathrooms (527 sq ft) Type B -2 bedrooms, 2 bathrooms (764 sq ft) Type C -3 bedrooms, 2 bathrooms (904 sq ft) Type D, D1 -3 bedrooms, 2 bathrooms (980 – 1030 sq ft) Type E, E1 -4 bedrooms, 3 bathrooms (1238 – 1244 sq ft)

Facilities

Digital door lock

Video intercom system

Swimming pool

Gymnasium

Jacuzzi

Café

Multipurpose hall

Games room

Yoga terrace

BBQ area

Market Trends

Analysis

D’Summit Residences is built on a strategic location near the Kempas toll, which in turn provides an easy access to amenities such as shopping, schools, golf resorts and is only 30 minutes away from Legoland which could be used as a selling point in the future for those who wish to flip their property. However, since it is also situated in the vicinity of several housing areas, it could mean that there will be traffic congestion during peak hours, thus making the short drive away to various amenities nearby as advertised to fall short of the developer’s claims. As for rental return and speculation, investors may face a stiff competition as there are a few properties nearby such as D’Secret, Setia Tropika (landed property) and Sky Garden Residences by SP Setia. The rental return may be less than that of the 7% claimed by some quarters in the face of competition brought upon by other properties. However, property price for this project may go up when the KL-Singapore high speed rail is completed as there are rumours saying that it will be built in the Kempas area, generating demands from both Singaporeans and Johoreans who would like to live in South Johor and work in Singapore.