I'll be at Lake Point Residence Sales Gallery today, Sunday 18th January 2015.

Anyone who would like to drop by to have a look, please contact me. TQ

Lake Point Residence Site Visit today:



Piling complete. Ground beams almost complete. Foundation works looks like will be completing soon and superstructure work can commence.

In November 2014 the project was fully "Booked", as in all units had prospective buyers who had submitted a cheque to reserve the unit pending loan application and SPA signing.

But since mid-December, some units were released again as there were initial buyers who couldn't get loan approval or just changed their mind and pulled out. Booking fees are fully refundable. It is pretty normal for any development in Malaysia to have a percentage of dropout and obviously the developer cant force those who booked to buy.

Since last week Saturday, the buyers who have gotten their loans and have confirmed to buy have started signing their SPA. At that stage, the "booking" officially becomes a "sale".

House number 8 Jalan Lake Point Residence 4 is still available for booking.

There are about 10 units still available for booking including a corner unit.

Please feel free to contact me for further details. TQ

I'll be at the Sales Gallery tomorrow, do contact me if anyone would like to drop by to have a look.

One question I get sometimes regarding Lake Point Residence is regarding the drain which is located next to the development. This drain is part of the Rainwater Runoff Management System for Cyberjaya. Basically when it rains, the access rainwater is channeled via smaller drains into this drain which then channels it to the Lake across the road which functions as a rainwater retention pond. The water from this lake is then channeled towards the larger lake at the Cyberjaya Park.

While there is sometimes stigma against drains, this usually applies to older areas where all the drains are open and unfortunately some drains end up as dumping grounds for irresponsible parties which cause them to smell and become blocked. For new areas such as Cyberjaya, you'll notice that all drains are concealed therefore hardly any rubbish gets thrown in and they only channel rainwater. From the photos below, you'll see that this drain is probably cleaner than some rivers in KL:




From the photos above, you'll also see that there is quite a wide buffer zone (approximately 20 ft) between the perimeter wall of Lake Point Residence, and the bank of the drain.

When the future development on the current empty land on the other side comes up, there should also be a buffer of 20 ft to the drain, meaning the perimeter wall of the next development should be about 50ft away from the perimeter wall of Lake Point Residence.

I was in Cyberjaya nearby LPR during one evening in Dec where there was a particularly heavy and long rain storm, no flood.

Can we trust Malaysia?

Developer cant to much as the land belongs to either JPS (Jabatan Pengaliran & Saliran) or MPS (Majlis Perbandaraan Sepang). Mosquitoes breed in stagnant pools. The water in the drain is flowing and I've seen fish swimming inside as well.

Yup, solid wall with CCTV surveillance

Yes still available and yes this is the original ground level.

New available unit for booking: 5 Jalan LPR 3 - Type C unit (T-Junction)

Priced below RM300psf

Please don't ask me to PM info. If serious to book, call/whatsapp me at 012-2169026

Was grabbed by another buyer few days later

Lake Point 3storey house is priced only 10%-15% higher than some of the much smaller condo units being launched in Cyberjaya

Yes, the typical 1,000sf++ units are only RM500k-RM600k, but obviously such small units are not a fair and reasonable comparison for a 3storey 2,900sf house. Eclipse Residence at Pangaea by OSK nearby apparently is selling their 990sf units for RM700k onwards though.

For a more reasonable comparison, you can look at the launch price for those 1,700sf and above units, those are going for about RM800k+

Even for brand new Serin Residence, the 1,700sf+ and 2,000sf+ units are selling for RM800k-900k

For landed Gated & Guarded in Cyberjaya, total of existing houses plus incoming supply is just slightly below 3,000 units at the moment.

This post has been edited by R o Y: Mar 23 2015, 11:19 AM

One corner unit still available. Buyer who booked earlier couldn't get loan. Choice location.

Please contact me for further information. TQ

Work on site progressing fast. Below are photos from today's site visit:




First Row (Jalan LPR 3 & Jalan LPR 4 south facing) : Ground floor column & beam with work started on 1st floor column



Middle Row (Jalan LPR 4 north facing & LPR 5 south facing) : Ground floor column & beam almost done



Last Row ( Jalan LPR 5 north facing) : 1st floor and 2nd floor columns in progress

Yes, still have units at RM900k+

please email me for more info. Tq

No update on condo yet.

Yes, one corner unit still available due to loan rejection. I have emailed you the info. TQ for your inquiry.