Silk Residence, Balakong

Silk Residence is a freehold integrated office, residential & retail hub located in Balakong, Selangor. There are 432 condominium units, 18 shop-offices and 373 SOHO units available at this project with built-up from 942 sf to 4,177 sf for condominium units. It was developed by Cheras Hong Soon Development Sdn Bhd with a launch price at around RM300 psf for condominium units, and was completed in about 2016.

Cheras Hong Soon Development Sdn Bhd is a medium-sized real estate organization held privately, and it has constructed around 9 real estate projects in Malaysia. Other similar projects by the same developer are Emerald Residence, Kajang Parc, Landmark, Landmark 2, Mahkota Residence, Silk Sky, Suria Residence and Vista Bangi.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Freehold
Built-up
942 sf - 4,177 sf (Condominium)
Market Price
RM320,000 - RM840,000 (Condominium)
Density
432 Condominiums, 18 Shop-Offices & 373 SOHOs
Completed In
2016
Launch Price
RM300 psf (Condominium)

This integrated office, residential & retail hub has some amenities nearby, for example hospitals and schools.

The current rental yield of Silk Residence is 5.38% for condominium units and 1.04% for shop-offices. The highest rental yield ever recorded was 5.38% in Q4 2021 (condominium) and 1.32% in Q4 2019 (shop-office); while the lowest one was 2.92% in Q1 2017 (condominium) and 0.92% in Q4 2020 (shop-office). Meanwhile, the most common unit layouts and sizes available here are as follows:

Condominium Layouts

The most popular layout and size (built-up) combination at Silk Residence for condominium units is 3-bedroom / 1,021 sf with a median price of RM310 psf. For price wise, the most expensive one is 3-bedroom / 942 sf with a median price of RM340 psf; while the cheapest one is 6-bedroom / 4,177 sf with a median price of RM200 psf.

Latest Silk Residence for sale listings:

DateTypeBuilt-upPrice
15 Dec 2021Duplex4,177 sfRM850,000
15 Dec 2021Duplex4,177 sfRM850,000
10 Dec 2021Condominium941 sfRM299,000
10 Dec 2021Condominium1,021 sfRM320,000
9 Dec 2021Condominium941 sfRM270,000
9 Dec 2021Condominium942 sfRM320,000
4 Dec 2021Shop-Office2,080 sfRM2,350,000
3 Dec 2021Low-Cost Flat941 sfRM310,000
3 Dec 2021Condominium1,021 sfRM315,000
1 Dec 2021Condominium1,024 sfRM287,000

Latest Silk Residence for rent listings:

DateTypeBuilt-upRental
14 Dec 2021Condominium4,000 sfRM3,500
10 Dec 2021Apartment Room-NA-RM450
9 Dec 2021Condominium1,086 sfRM1,200
6 Dec 2021Low-Cost Flat950 sfRM1,300
1 Dec 2021Condominium947 sfRM950
1 Dec 2021Condominium1,021 sfRM1,100
1 Dec 2021Condominium1,086 sfRM1,400
1 Dec 2021Condominium1,021 sfRM1,100
1 Dec 2021Condominium1,021 sfRM1,100
1 Dec 2021Condominium1,021 sfRM1,200
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