The Z Residence vs Kiara Residence II
|August 14, 2011||Posted by Ann Khee under Property News|
Both new condominium projects – The Z Residence and Kiara Residences are located side by side. Which one to buy?
Let’s look at comparison below.
|Property Title :||The Z Residence||Kiara Residence II|
|Developer :||Trinity Group||Kiara Resources Properties|
|Land Title :||Residential||Residential|
|Land Area :||7 acres||4.922 acres|
|Built Up :||1,032 – 1,407 sq ft||1,000 – 2,700 sq ft|
|11 units per floor, served by 3 lifts||Every unit is corner unit8 units per floor and 4 units per quadrant zone, served by 3 lifts|
|Total Units :||1,136||720|
|Completion Date :||Jun 2014 (Expected)||October 2014 (Expected)|
|Launch Price :||RM370/sq ft(based on 1,232 sq ft @ RM455,000 in Block C).||RM390/sq ft|
|Launch Date :||Block A & B is fully sold. Block D not open yet.Now Block C is open for sales.||Open for registrationLaunch Sept 2011|
|Freebies :||3% discountNo DIBS (need to pay loan interest during construction approx RM20k+)Free legal fees during SPA4 air-conditioning
2 car parks
Emulsion paint internally
|7% discountDIBS (Developer Interest Bearing Scheme) – no need to pay loan interest during constructionFree legal fees during SPA4 air-conditioning2 water heater
Kitchen cabinet with cooker hob & hood
Decorative grille at main entrance
2 car parks
Pricing: We can see that Kiara Residence II is slightly more expensive than The Z. One reason being offering DIBS to homeowners, of course developer will priced the interest amount into selling price, right?
Developer: Trinity Group is a newer developer but has proven itself by delivering 3 past projects ahead of schedule. And these 3 projects enjoy tremendous appreciation.
Land Tenure: Although these 2 pieces of land are next to each other, but The Z is freehold while Kiara Residences is leasehold. If someone can choose, of course, will choose freehold.
Location: There are sources saying there will be a new Jusco and Lai Meng chinese school to be transfer from Jalan Ampang to the area. The area will transform once all these plans are put together.
Distance to LRT: Kiara Residence II is nearer to LRT park and ride station but both are within walking distance.
Neighborhood: At the moment, if you visit the actual site, it doesn’t look appealing at all. The 4-lane main road is parked with cars from owners in Bukit OUG condominium, thus making it looks like 2-lane only.
Potential: Additionally there is another housing development between The Z and Kiara ie. The Rainz by Exsim Group which is not revealed yet. Thus bear in mind, it’s going to be very high dense with all high rise condominiums.
Layout: All units in The Z Residence comes with 2-3 rooms without a maid’s room. On the other hand, Kiara Residence II includes a maid’s room to bigger units (1,2oo sq ft onwards). If you have a maid, then Kiara Residence II maybe more suitable.
The Z Residence
1,232 sq ft
(3 rooms + 2 baths)
Kiara Residence II
1,293 sq ft
(4 rooms + 3 baths)
Something to discuss, so which one will you buy?