Nusmetro to launch duplex serviced apartments at KL Metropolis

KUALA LUMPUR: Property developer Nusmetro Group is set to launch 134 units of duplex serviced apartments at its Arte Mont’Kiara project located at Persiaran Dutamas, Kuala Lumpur sometime this month, its joint managing director, Thomas Chan told TheEdgeProperty.com.

Built-up of the units range from 782 sq ft to 1,851 sq ft, priced from RM933,000 to RM2.24 million.

Earlier this year, Nusmetro launched the serviced suites at Arte Mont’Kiara which have built-ups of 442 sq ft to 1,006 sq ft, with prices ranging from RM545,000 to RM1.22 million. The whole Arte Mont’Kiara project is made up of three towers with a total of 1,706 units. It is a joint-venture project with Naza TTDI Sdn Bhd.

“So far, the serviced suites are 85% taken-up by local buyers. We have young professionals, investors and people who are looking to upgrade their location and lifestyle,” said Chan, adding that he expects the units to be sold out within the next six months.

Arte Mont’Kiara is part of the 75.5-acre KL Metropolis integrated development by Naza TTDI and is expected to be completed sometime at the end of 2019.

The project is easily accessible via highways such as the Lebuhraya Damansara-Puchong, New Klang Valley Expressway, the Duta-Ulu Klang Expressway and the Penchala Link. It is also located within a five-minute drive to a proposed mass-rapid transit station.

According to Chan, all the group’s projects feature different themes. “For our Arte Mont’Kiara project, the theme is French-Retro. Elsewhere, some of our projects such as the Arte S in Penang carry a futuristic concept,” Chan shared.

Meanwhile, the developer is working on its next project which has an “ancient-futurism” theme whereby it will resemble a design similar to what we see in movies such as Star Wars or the popular video game, Final Fantasy.

“We are still working on the plans. I got this idea from books I was reading and the design will look like something out of a comic book,” revealed Chan.

As to the location of this new project, the developer has identified a few sites and are in talks with the respective parties for land in Mont’Kiara, Bangsar South and areas along the fringes of Kuala Lumpur city centre.

“I will need a place which would be able to command a high psf price of about RM1,000 psf because of the design we will be putting in,” Chan disclosed.

“These will most probably be small units considering the high loan rejection rate that we are facing in the market now,” he added.

In addition, Chan is also in land negotiations for a site in Cheras. Meanwhile, Nusmetro plans to launch Arte Subang West 2 in the middle of next year with the theme Arte Colours.

This story first appeared in TheEdgeProperty.com pullout on Nov 4, 2016, which comes with The Edge Financial Daily every Friday. Download TheEdgeProperty.com pullout here for free.