Situated in Tanah Merah, the 99-year leasehold Sceneca Residence is a mixed development with commercial space on the ground floor. It is being jointly developed by The Place Holdings, MCC Land, and Ekovest Development. It is designed to be a contemporary interpretation of convenience with a minimalist feel.
It is an investment opportunity
Sceneca Residence is a new launch near the Lentor Hills and Tanah Merah MRT stations in Kuala Lumpur. The developer is targeting a launch price of $1,8xx psf. There is expected to be stiff competition for this project, fuelling the debate on whether to buy resale units or invest in a new launch. It is important to note that resale properties generally enjoy limited capital appreciation compared to new launches.
The central location of Sceneca Residence offers a number of advantages. It is next to Tanah Merah MRT station and is within walking distance of many malls, food joints and entertainment venues. It also has convenient access to the East-West Line. It is also close to the Bedok Mall and several major employment hubs.