PROPCAFE has covered many IOI PROPERTIES projects over the years but this time PROPCAFE needs to complete the mission to figure out more on the Premium behind the latest IOI’s Signature Homes – Par 3. This SIGNATURE series, which is categorised as the most Premium series in IOI products, offers 207 units of Condominiums and 18 units of Condo Villa on 2.89 acres freehold land in IOI Resort City.
Keeping abreast with latest market trend where products are categorised by series to have distinctive differentiation, IOI has come out with 3 product series- Classic, Vogue and Signature. Some of the examples are as follow:
|IOI Classic||Evira – 2S terrace house||22’ X 75’||Warisan Puteri|
|IOI Vogue||Avens – 2S terrace house||22’ X 75’||16 Sierra|
|Avista – 2S terrace house||22’ X 75’||Warisan Puteri|
|IOI Signature||Dumalis – 2S & 3S superlink||24’ X80’||16 Sierra|
|Sierra 6 – 2S & 3S superlink||27’ X 73’||16 Sierra|
The product is differentiated by concept, quality of materials such as sanitary fittings and tiles, ceiling heights, sizes of land and built up etc. For example, Evira is the first phase of Warisan Puteri and falls under Classic Series by IOI Properties. The built up is spacious from 2,121 sqft (Refer to link here ) however the architectural is slightly inferior compared to other series. For example, a noticeably beam across the living & dining area at ground floor and no double volume in family area at first floor. Where else compared to Avista, the ceiling at ground floor is clean line without any obstruction and a humongous 20ft of ceiling height at family area at first floor. It is not surprising as Evira is a bread and butter product offering by IOI Properties.
Product like Sierra 6, the signature series oozing premium such as super wide terrace link 27’ with built up from 2,798sqft. The superlink terrace house also offers same concept, large windows and high ceiling to enhance natural sunlight and ventilation. Not only that, solar hot water system is installed to reduce electricity consumption for bathing and washing usage.
With this, Par 3 @ IOI Resort City is the latest premium product offered by IOI Properties under Signature Series.
Par 3 – Premium x 3?
PROPCAFE made a deep dive into Par3 to understand the Premium attached to this residential titled (rare nowadays!) SIGNATURE homes. What so luxury on this SIGNATURE homes? Interestingly, IOI Properties did pay attention to details on this project! Based on master plan of IOI Resort City, Par 3’s location is definitely one of the best. It is the nearest (400 meter away) high-rise to the IOI City Mall in the entire IOI Resort City so far. What’s more? It also comes with the lowest density and absolute number of units compared to others. The best is, both sides of the building enjoy fantastic golf course view! It does not end here, more additional “premium” has been discovered in Par 3 and will be shared in this article.
The project plan of Par 3 shows IOI Properties did not compromise the commitment on Signature series. Instead of squeezing in another block of condominium, 18 luxury condo villa are offered to the buyers. It is rare in current market offering due to relatively thin profit margin. PROPCAFE witnessed developer turned bungalow lot/parcel into condominium, not to say such reasonably size of land with great views.
Par 3 will be assessed under QLASSIC that measures and evaluates the workmanship quality of a building construction work based on Construction Industry Standard. Although Par 3 is just recently previewed, works has been in advance stage. Knowing IOI Properties, owners will never be late to get their key. With no exception on Par 3, this project is scheduled to complete in Q1 of 2019.
Concept and Facade
It is not difficult to recognise Par 3 has the nicest façade in the existing offerings if you are familiar with IOI Resort City. The air conditioner ledge is carefully hidden behind the unit to maintain the aesthetic look of Par 3. The pocket gardens on alternate floor also make the building less monotonous and bring additional common space for the “premium” residents and to provide natural ventilation and lighting to each floor. More and large window also makes Par 3 more “glassy” than other current residential buildings. As for the Condo Villa, the façade resemble a neat and elegant townhouse design. Due to its low density, the units at the ground floor are having “extra garden” at the back of the unit! If IOI Properties can deliver the entrance statement/guardhouse and grand lobby/waiting area shown in the artist impression, Par 3 will certain standout from the rest of building here.
Despite all the units are in North or South orientation without any direct facing of East or West Sun, the various angle of fins of the facades in this 31 storey building is designed to provide shades without obstruction to the view.
Security and Facilities
Par 3 comes with 4-Tier Security features – CCTV surveillance at guardhouse with intercom and central monitoring system, CCTV in the lift/lift lobby, card access control at lift, and digital lock-set at each unit’s main door entrance.
Unlike most condos where only one egress is provided for visitors and residents, IOI Properties spares no effort in this Signature product. 2 egresses are provided to ensure smooth traffic in and out from the guardhouse.
To provide further peace of mind to the residents, a video intercom systems with panic button linked to the Guard house will be built in to every unit in Par 3.
Facilities and Communal Area
When we have a banter with the salesperson about the inspiration of the communal area, IOI Properties has been generous to share the architect inspiration on a sketch where the facilities are planned with “kampong” concept.
“At the podium which is the heart of habitat, infinity pools, as well as an array of Avant grade facilities are also incorporated into the design. In addition, the surbubs living also comes with hammock garden, steam room and facilities that promote pleasant community environment.”
The double volume facility floor offers extensive facilities with the consideration for all age group of residents. For unconventional aqua gym and reflexology terrace will be perfect for elderly to have less hectic gym activities and the reading lab, game room and wading pool are great for kids. The adult can enjoy the spa pool, tea lounge and mini theatre and host parties at the mezzanine floor. See the rest of facilities below.
This building includes three basement level and four level of elevated car park. 20% of the total carpark bays will be reserved for visitor carpark which mainly allocated at level 3. Minimum 2 car park bays are given to each unit. For the owners who pay more to own high floor than 25th level, three or four car park bays (either combo one single one tandem OR two tandem bays) will be provided. For those who need more car park bays, premium price of high floor could be all well paid, together with its majestic view.
As the condo villa, selected unit will be allocated with one shaded car park bay which is directly in front of condo villa. The rest of the shaded car parks will be allocated at a short distance away. Please check with the friendly Salesperson.
Floor Plan and Unit Layout
You may see 8 units are residing in each floor of Par 3, but a closer look shows that the floor is split into two block by the refuse chamber. It means each block only has four units which sharing two lifts. In total 207units are sharing 4 passenger lifts and 1 cargo lift which in PROPCAFE’s opinion is quite generous with ratio of 52units/ lift.
The bigger size type of 1636sf/1668sf units are designed as the “bungalow” in the sky and the rest (with built-up of 1324sf) are the “Semi-D” to provide the exclusivity and justify the price tag of Par 3.
The Type A/A1 (BU: 1636/1668sf) designed with an efficient horizontal layout to capture the natural lighting fully for dining, living and master bedroom. This four bedroom unit comes with 3 bathroom. However, the layout shows the guests may need to go through the bedroom four to access the bathroom. This issue could be resolved by opening up the bedroom for the concept of open study room/tea lounge (as in show unit) if one is willing to sacrifice the guest/fourth room. Recognizing the different needs, the developer is flexible and willing to accommodate the request from buyers if they wish to remove a portion of wall (not those shear wall) and convert it to open space.
Not only that, if buyers want a bigger wet kitchen, developer will remove the door line (between yard and wet kitchen) and reduce the depth of structural column to 350mm and the floor level will be the same in actual unit. This amendment will create a seamless space between wet kitchen and yard and therefore bigger wet kitchen.
Please speak to the friendly Salesperson about it and being the Signature series, IOI Properties is more than willing to listen and try to accommodate your needs.
There is no such problem for Type B (BU: 1324sf). This 3 bedroom 3 bathroom unit has a bigger foyer and better bedroom setting for room 2 with more natural lighting. However, the vertical layout of master bedroom may not be as flexible as early type in terms of furniture placement. Bedroom 3 may only fit a single bed. Both types include dry and wet kitchen. Type B combines Wet kitchen with yard together creating a seamless space.
Condo villa has a relatively bigger built up (Type C1/C2 – 2217-2250sf; Type D1/D2 – 1647sf) compares to condominium. This 3 storey building has 6 units per floor but the design of access and lift (2 units to share 1 lift) means it is almost a private lift concept to keep the privacy as priority for residents of condo villa. As PROPCAFE mentioned earlier, IOI Properties does not simply put on the premium tag for its Signature series. To take care of elderly or “premium” residents of condo villa, the staircase will be equipped with a stair lift for emergency purpose. With all bungalows units are not for sale, if you want to get a piece of landed property in IOI Resort City, this condo villa probably is the closest you can get, especially the ground floor units! The layouts are well designed to cater for 3 bedrooms usage with additional powder given. The developer also smartly split the unit of type D1/D2/C2 into two “cluster” and include the window near the foyer to invite more sunlight into the unit to resolve the common issue of longish vertical layout.
|Type||Size, sqft||Configuration||No. of Unit||Orientation|
|A||1636||4 beds + 3 bathrooms||52||North|
|A1||1668||4 beds + 3 bathrooms||52||South|
|B||1324||3 beds + 3 bathrooms||103||South & North|
|C1/C1a||2217||3 beds + 4 bathrooms||3||South|
|C2/C2a||2250||3 beds + 4 bathrooms||3||South|
|D1/2||1647||3 beds + 3 bathrooms||8||South|
|D1a/D2a||1722||3 beds + 3 bathrooms||4||South|
360 Degree View
Here comes the best part of Par 3, its fantastic view! Both sides of the building are having the great view of golf course. PROPCAFE here shares the view from equivalent height of 15th floor of Par 3.
For the direct view towards IOI City Mall, it comes with the combination of golf view with skyscrapers! In fact, the lower floor of Par 3 could be value for money which has a better golf course view than high floor units as only relatively smaller parcel of golf course sits in this view.
If you are green lover, then RM30k extra premium with a balcony (no balcony for the units with the other direction abovementioned) will bring you a majestic view of the famous IOI award winning golf course.
Pricing & Maintenance Fee
Par 3 condominium’s pricing starts from RM898k/around 670psf. The incremental pricing for every floor is about RM3k whereby different premium of the view or facing is approximately RM30k. The price of Condo Villa starts from RM1.4m for type D1 1647sqft and you may need to pay extra RM30k if you want the convenient of ground floor, nearer car park bays, and “additional garden” from its back. With the nearest neighbour Puteri Palma (phase 1 & 2 more than 10 years old) pricing now ranged from RM480psf-620psf with similar size, on paper this premium Par 3 does not seems too premium at all if one values its concept, facilities, exclusively and density.
Due to low density of the project, the maintenance fee is expected at RM0.40psf inclusive the sinking fund.
Finishes and Show Unit – Type A
From the show unit and specification, PROPCAFE observed a better finishing materials are given to Signature series Homes. Buyers are expected to be given better brands of sanitary ware, flooring, heater, electronics items like Hood & Hob, air conditioner and etc. The relatively higher ceiling of 11ft (3,300mm) also create additional cubic space for the unit. The unit comes with hot water supply for kitchen which is unheard for development in Malaysia and bathrooms. The other freebies includes water heaters, hob & hood, shower screens, air conditioners, digital lockset. Timber and engineered laminated flooring is provided for Condo Villa and condominium unit respectively.
Comparison with Neighbourhood
A PROPCAFE review will not complete without analysis of comparison with neighbouring development…
|Name||Type of Development||Total Units||Built Up, sqft||Price, RM psf|
|Clio||Service Apartment||234||872 – 26units
For readers who want unobstructed golf view and exclusivity, their choice will be the 10 years old Puteri Palma or this Par 3. Clio and Conezion are catered for couple or young family due to the smaller sizes therefore the serviced and mixed concept with office and retails underneath the development.
On a first glance, Par 3 is priced at premium where it is unheard to hear the condominium is priced closed to RM1million+ at this part of Klang Valley where house buyers wouldn’t mind to prefer to fork out this amount of money in Country Heights Kajang or JadeHills. However nothing compared to living within golf course and the view is simply majestic and breathtaking.
Par 3 is not about the condo but it is riding on the IOI Resort City where IOI City Regional Mega Mall is coming up nicely with phase 2 coming soon. Also with all the infrastructure in place such as dedicated access, 5 Star Hotel, Grade A offices (Read it more here), Par 3 probably will be the destined as preferred address in the future.
In short, there are not many properties come with walking distance to both regional mall and golf course, or should I say none other than Par 3 in IOI Resort City?
Happy hunting for your home, folks!
For more details >>>
Website : http://www.ioiproperties.com.my/Par3/
Show Gallery Address & Contact :
IOI Galleria @ IOI Resort City
Lebuh IRC, IOI Resort,
62502 IOI Resort City, Putrajaya, Malaysia.
|Tel||:||(603) 8947 8899|
|Fax||:||(603) 8947 8844|