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New project in Cheras, Kuala Lumpur, by Platinum Victory Development Sdn Bhd.
| Property type | Condominium (Highrise, Residential) |
|---|---|
| Unit size | 946 - 2186 sqft |
| Bedrooms | 3 - 6 |
| Total units | 500 |
| Tenure | 2119 |
| Land area | 2.01 Acre |
| Maintenance fee | RM0.35psf (excluding 10% sinking fund) |
| Developer | Platinum Victory Development Sdn Bhd |
| Developer license no. | 20253/03-2029/0077(A) |
| Advertising permit no. | 20253-2/11-2025/0298(N)-(S) |
| Schedule type | Schedule H |
| Construction period | 36 months + 18 months |
PSV1 Residence is a leasehold residential high-rise in Bandar Tasik Selatan on the Cheras / Sungai Besi edge of Kuala Lumpur, by Platinum Victory. Priced from RM539,700, the 500-unit scheme on 2.01 acres leans towards larger family and dual-generation layouts near a major transport interchange.
Connectivity & Location
The site sits between two lines: LRT Bandar Tasik Selatan (SP15) is 745m straight-line and KTM Bandar Tasik Selatan (KB04) 768m — a genuine multi-line interchange within reach, though a longer straight-line walk than a doorstep station. SRA Darul Hikmah is 418m, UCSI College 1,542m and Plaza Salak Park 1,822m straight-line. DBKL zones the pocket residential (R3, plot ratio 4).
Layouts & Living
Units run a wide 946 to 2,186 sqft across 3 to 6 bedrooms — unusually large, family- and multi-generation-oriented cuts. The scheme is under construction with completion listed for Q2 2027 and is sold under HDA (leasehold to 2119), so confirm current site progress before committing. Maintenance is quoted at RM0.35 psf (excluding the 10% sinking fund).
The Sifu View
PSV1's honest appeal is space near a major interchange — genuinely large 3-to-6-bedroom layouts from RM539,700, roughly RM2,239 estimated monthly from (90% loan, 35 years, ~4.3%; your figure depends on your loan profile), just under the RM550,000 median across 21 Cheras projects on this site. Buy it if you need the bedrooms and value transport access. But underwrite it honestly: the title is leasehold to 2119, the rail interchange is a 745m-plus straight-line walk rather than at the door, and as an off-plan buy to 2027 your deposit rides on the developer completing on time. Verify site progress in person before you decide.
Key Features