Symphony Park

Symphony Park is an affordable apartment targeted for middle-income group sited in the modern suburb of Cyberjaya. It is developed by Tan Yew Lai Development under Luxstar Housing Development. It is situated neighboring The Arc, Cyberia Crescent 1 and Cyberia Crescent 2. This medium-cost apartment comprises a total of 28 blocks of 3-storey apartment with a total of 784 apartment units. The units offered have built-ups around 800sf with 2+1 bedrooms and 2 bathrooms. There are also 66 units of ground floor shop lots, a community hall, a surau, a kindergarten and 2 guard houses. The apartment is priced from RM120,000. A vast array of amenities can be found sprawling around Cyberjaya, and most of them are reachable within few minutes of driving. It is near to Multimedia University (MMU) and Limkokwing University. In addition, Symphony Park is minutes away to the Street Mall, and Cyberjaya Transport Terminal. For recreational, it is just a stone throw away to Cyberjaya Lake Garden. It is also within 5 minutes driving to Cyberjaya Mosque.

Property Details

Name: Symphony Park

Address: Cyberjaya, Selangor

Developer: Luxstar Housing Development

Type: Apartment

Tenure: Freehold

No. of Blocks: 28

No. of Storey: 3

No. of Units: 784

No. of Bedrooms: 2+1

No. of Bathrooms: 2

Built-up: 800 sf

Maintenance Fee: RM152

Launch Price: RM120,000

Facilities

Community hall

Surau

Kindergarten

Guard house

24-hour security

Analysis

Even though a unit at Symphony Park is indeed very affordable, but it requires high entry cost because there is no financing package offered by the developer. Hence, buyers have to fork out money for legal fees, S&P, stamp duty and even bank loan fee. The project launch of Symphony Park has been buzzing in the market since a year ago. However, the project is still pending and approvals from related authorities are not out yet. But quite a number of buyers have placed RM5,000 deposit money (for registration) to the developer, and it is worried that the development will be stalled. So far, its progress has been very slow. Not only that, the developer' past development, Taman Tan Yew Lai does not show much credibility of the developer, as it is run down and badly maintain. There are some abandoned projects within the area as well. Adding to that, Symphony Park is sited right opposite Sewage Treatment Plant A. Well, even though the smells from the sewage plant is not that horrifying these days (thanks to the technology!), but it is still an eye-sore view. However, if the development materializes, Symphony Park will definitely deliver handsome yields in both capital appreciation and rental yield. It is strategically located very near to Multimedia University and in between Cyberjaya and the upcoming Selangor Science Park 2. Where else you can find an affordable house and strategically located within the CBD of Cyberjaya?