59 Inc Sdn Bhd · Malaysia
Padang Residences
Kota Semarak, Jalan Sultan Yahya Petra, Kuala Lumpur
Bedrooms
2 – 4+1 Bed
Type
Apartment
Payment Plan
5% Bumiputera discount (up to 50% of units); 10% rebate for all units; 2% early SPA-signing cash rebate (within 14 days); free SPA legal fees; kitchen hood & hob, 2 air-conditioners and smart door lock included; free loan legal/disbursement fees; free MOT incl. registration for the first 29% of units; RM500 booking (refundable, part of the 10%)
Handover
Target completion December 2027, per quick facts (a February 2027 target is separately reported via independent web search — shown as found)
Questions about Padang Residences?
Get live pricing, unit availability and payment terms from a PropSentral advisor.
Land Tenure
Leasehold, until 26 July 2117
Title
Serviced Apartment (Commercial Title)
Phase 1 Land Size
6.31 acres (of a 27-acre total masterplan)
Total Units (Phase 1)
1,226: Tower A (303), Tower B (310), Tower C (310), Tower D (303)
Commercial Units
87 units, 3-storey commercial lots
Height
39 storeys
Launch Date
September 2023
Maintenance Fee
RM0.35 psf, inclusive of sinking fund
Unit Sizes
At a Glance
- By a 70:30 joint venture between TH Properties (Tabung Haji, since 1980) and MRCB (since 1968)
- Residential heart of the RM3.09 billion Kota Semarak masterplan
- 20 lifestyle facilities on Level 8, including a half basketball court and futsal court
- 8 shared EV charging points; 3+1 residential lifts
- Cashback on Vacant Possession: RM25,000 (Types A/B/C) or RM42,000 (Type D)
About this project
Padang Residences (registered as "Residensi Padang") is the residential component of the RM3.09 billion Kota Semarak mixed development, a 27-acre masterplan by a 70:30 joint venture between TH Properties and MRCB. Phase 1 alone holds 1,226 units across 4 towers (A: 303, B: 310, C: 310, D: 303) plus 87 ground-floor commercial units, rising 39 storeys above a podium of shop lots, residential car parks and Level 8 facilities.
Interior, fully-furnished — click to enlarge
Amenities
Lifestyle & Comfort
- Half Basketball Court
- Futsal Court
- 20 Lifestyle Facilities (Level 8)
- Ground-Floor Commercial Shop Lots
Wellness & Fitness
- Gymnasium
Investment Factors
Sourced demand and location factors — not a score, forecast, or recommendation. Use these to inform your own judgement.
Developer SPV Confirmed via a Genuine Dated Sales-Status Chart; Sensitive Documents Excluded
The developer’s exact legal entity, "59 Inc Sdn Bhd (200901023377)," is confirmed on a genuine, dated (sales status as at 9/12/2025) Tower A unit-by-unit availability and pricing chart found in the source pack — this same document’s own per-unit prices closely corroborate quick facts’ per-type ranges (e.g. Type C units shown from RM667,800–672,800, matching quick facts’ "from RM624,000–672,000"). Independent web search separately confirms the 70:30 TH Properties/MRCB joint-venture structure and reports a February 2027 target completion, slightly earlier than quick facts’ December 2027 — both shown, not reconciled. "Booking Account Details.jpg" (a bank account image) and "Padang Residences Panel Bankers.docx" (individual bankers’ contacts) were both excluded per standing rule. A "SHOW UNIT TYPE A" and "SHOW UNIT TYPE C" folder contained 13 genuine iPhone photos (.HEIC format) of the actual show units — these could not be processed into this listing’s images given no HEIC decoder is available in this environment; 2 genuine PDF renders were used instead.
Not assessed here: competing/upcoming supply in the immediate area, projected capital growth, and future rental demand. These require independent research or a licensed local agent — ask a PropSentral advisor if you'd like help finding one.
Get the Full Pack
Brochure, floor plans and unit specifications — unlock instantly with your details.
Location
Loading map…
Map shows approximate project location. Exact site boundaries may vary.
About the Developer
59 Inc Sdn Bhd
59 Inc Sdn Bhd (200901023377) is a 70:30 joint venture between TH Properties Sdn Bhd (wholly owned by Lembaga Tabung Haji, tracing back to 1980) and Malaysian Resources Corporation Berhad (MRCB, founded 1968), per web search. The JV developed Padang Residences (registered as "Residensi Padang"), the residential component of the RM3.09 billion Kota Semarak mixed development in Jalan Sultan Yahya Petra, Kuala Lumpur.
View all 59 Inc Sdn Bhd projectsFull Gallery
Starting from
MYR 580K
5% Bumiputera discount (up to 50% of units); 10% rebate for all units; 2% early SPA-signing cash rebate (within 14 days); free SPA legal fees; kitchen hood & hob, 2 air-conditioners and smart door lock included; free loan legal/disbursement fees; free MOT incl. registration for the first 29% of units; RM500 booking (refundable, part of the 10%) · Handover Target completion December 2027, per quick facts (a February 2027 target is separately reported via independent web search — shown as found)
Malaysia — Market Yield Range
4% – 9% gross p.a.
Market-wide historic data, not a forecast for this unit. PropSentral does not provide investment or financial advice — seek independent advice before deciding.
Full market intelligenceTypically replies within 2 hours
Developer-Direct Pricing
Same price as booking through the developer — zero resale markup.
One Advisor, Start to Finish
A single point of contact from reservation through to handover — no chain of resellers.
More off-plan projects in Malaysia
Luxury Offices in Damansara Heights
Damansara Heights, Kuala Lumpur
SP Setia
Aspire Tower (Mercu Aspire)
KL Eco City, Bangsar, Kuala Lumpur
Eastern & Oriental
Laman Embun
City of Elmina, Shah Alam, Selangor