Padang Residences
Padang Residences (GPS: 3.18667, 101.72327) is the first residential phase of the new Kota Semarak township in Setapak, developed by 59 Inc Sdn Bhd — a joint venture between TH Properties and MRCB. Designed as a serviced-residence offering, Padang Residences aims to combine convenient city living with generous communal facilities on a large, integrated site just minutes from central Kuala Lumpur. 1
Developer, Status & Completion
Developer: 59 Inc Sdn Bhd (TH Properties + MRCB). Padang Residences forms Phase 1 of the 27-acre Kota Semarak masterplan. The project was launched by the developer and is currently under construction; public sources and the developer’s timeline project completion of the overall development by mid-2027 (the developer and trade press have cited 2026–2027 as target completion windows). 2
Tenure, Density & Built Form
Land tenure: 99-year leasehold (standard for many new serviced residences in the area). Padang Residences comprises multiple towers in Phase 1 with a total of approximately 1,226 units across the podium and residential blocks. The scheme includes a sizeable lifestyle podium and integrated retail/amenity components as part of the wider Kota Semarak precinct. 3
Unit Types, Sizes & Typical Layouts
Padang Residences offers a range of configurations aimed at families and owner-occupiers as well as investors. Typical unit offerings include:
- 2-bedroom units — from about ≈ 802 sq ft (2 beds, 2 baths).
- 3-bedroom units — mid sizes circa ≈ 1,033–1,199 sq ft (3 beds, 2 baths).
- 4-bedroom / larger layouts — up to ≈ 2,400 sq ft for select signature units. 4
Many floor plans emphasize open living areas, larger glazing for city views, and covered parking provision. The final furnished/unfurnished spec varies by buyer choice and developer packages. 6
Facilities & Lifestyle Features
Padang Residences is built around a large lifestyle deck and podium (developer literature cites about a 5-acre facilities deck). Key facilities promoted by the developer include:
- Resort-style swimming pool and wading pool
- Fully equipped gym, sauna and steam rooms
- Children’s playgrounds and family activity zones
- Sky lounges, BBQ terraces and multipurpose halls
- Retail shops/food & beverage outlets within the Kota Semarak galleria
- Extensive landscaping, jogging paths and a central park within the masterplan
These features are intended to support a live-work-play lifestyle close to the city core. 3
Location & Transport Connectivity
Padang Residences sits on Jalan Sultan Yahya Petra / Semarak within the Kota Semarak masterplan — roughly ~4 km from KLCC (a short drive when traffic allows). The site benefits from immediate DUKE highway access, and the developer highlights strong road links to Jalan Tun Razak and the MRR2, providing easy connectivity into the city and across the Klang Valley. 3
Rail connections: the project promotional material and listing pages note proximity to existing and planned MRT/LRT nodes within the Setapak/Setiawangsa corridor and reference a future MRT station within walking distance of parts of Kota Semarak — buyers should verify exact walking times to the nearest station as routes are finalised. 1
Market Prices — Sale & Rental (with dates)
Based on current (4th September 2025) listings:
- For sale (secondary & developer listings): advertised prices observed on major portals range from about RM 460,000 for smaller units up to around RM 1,188,870 for larger/special units — typical developer indicative starting prices and portal listings commonly show units from about RM 580,800 upwards. These figures are drawn from developer and portal listings published through 2024–2025. 4
- For rent: as Padang Residences is a recent launch/under-construction phase, robust secondary-market rental data is still limited. Early market activity and comparable Setapak/Setiawangsa serviced residences suggest likely monthly rents in the range of RM 1,800 – RM 4,000 depending on size and fit-out once units become available for leasing. (See note on rental data below.) 5
Estimated Rental Yield
Using current asking prices and plausible rent levels, an estimated gross rental yield range would be approximately ~3.0% to 4.5% pa — for example, a RM 600,000 unit renting for RM 2,200/month yields about 4.4% gross annually. This is an indicative range based on available asking prices and early rental comparables for the Setapak area; investors should calculate net yields after fees, taxes and management costs. 4
What Buyers & Tenants Should Know
- New-launch character: because Padang Residences is part of a large phased township, early buyers can benefit from developer pricing and new-project incentives; however, buyers should confirm expected handover dates and practical completion milestones. 2
- Local amenities: the masterplan includes retail, parks and a galleria; immediate neighbourhood amenities in Setapak include schools, hospitals and established retail nodes. The proximity to KLCC is a major marketing point for residents seeking short commutes to the city core. 6
- Transport & traffic: strong highway links are advantageous but peak-hour congestion can be significant in inner KL — proximity to public transit (existing or future MRT/LRT) will materially affect daily convenience and long-term resale value. 1
- Investment considerations: leasehold tenure and the size of the supply in Phase 1 (1,226 units) mean buyers should assess nearby competing new launches, rental demand in Setapak and expected population growth in the Kota Semarak catchment before purchasing purely for yield. 3
Quick Facts
Project: Padang Residences, Kota Semarak
Developer: 59 Inc Sdn Bhd (TH Properties + MRCB)
Tenure: 99-year leasehold
Total units (Phase 1): ≈ 1,226 units
Unit sizes: ~802 sq ft to ~2,400 sq ft (2–4 bedrooms)
Facilities: 5-acre lifestyle deck, pools, gym, sky lounges, playgrounds, retail galleria
Location: Jalan Sultan Yahya Petra / Semarak — ~4 km to KLCC; DUKE access
Sale price (as at 4 Sep 2025): ~RM 460,000 – RM 1,188,870 (portal & developer listings)
Indicative rents: ~RM 1,800 – RM 4,000/month (early market estimates)
Estimated gross rental yield: ~3.0% – 4.5% (indicative)
References
- Padang Residences — official project pages (Kota Semarak)
- TH Properties / MRCB launch and project completion targets
- Project overview, unit counts and developer details (MetProperty)
- PropertyGuru — listings, unit sizes and portal price listings (2024–2025)
- iProperty — developer indicative prices and floor plans
- iProperty editorial / guide summary of Padang Residences (background & facilities)
Page Details
This page was created on 4 September 2025. It is provided here in good faith based on my research and I endeavour to make it as accurate as possible. I also update my pages from time to time whenever necessary. If you discover any error, please inform me, pointing out where the error lies, and I will correct it as soon as possible.Get to know the Properties in the Klang Valley
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