Smallest sizes available will be 704sqft. Fully furnished by Calvin Klein and Gorenje. RM 1500psf++ is after discount. Any inquiry please do not hesitate contact me @ 016 - 214 6263 

Another lelong unit check in.

1-13-9, Residensi Opus
Reserve price 🔥🔥RM 630,000🔥🔥
Freehold
704 sqft
Auction: 23-Feb-2021 (Tue)

Lots of fire sale units around 950psf before nego.

Owners buying now need holding power of 1.5 years. Unsure if demand will be strong when 118 completes.

At least 5yrs holding power..lost all the opportunity cost

Total holding power needed if buy from developer is 3.5 years up to 2023 Jan.

Fair value of opus during launch is 850psf at most to reflect the completion much earlier before 118s and minimal commercial/poor surrounding.

Finally stayed here via Airbnb for market research purposes and I get the selling price now.

This is potentially a powerhouse for short term stay once all the Merdeka area in front is completed. It is noisy though but it’s good sound proofing.

The quality of the building and units is good and the 700 sqft one bedders feel luxurious. Facilities feel basic but everything with this building is for the views.

Finally stayed here via Airbnb for market research purposes and I get the selling price now.

This is potentially a powerhouse for short term stay once all the Merdeka area in front is completed. It is noisy though but it has good sound proofing.

The quality of the building and units is good and the 700 sqft one bedders feel luxurious. Facilities feel basic but everything with this building is for the views.

Passby this opus very often. Until now with the economy reopening, occupancy is still very low.

Malayan Banking Bhd (Maybank) announced that it will be moving its headquarters to Menara Merdeka 118, the world's second tallest building owned by the bank’s largest shareholder Permodalan Nasional Bhd (PNB).

Maybank has entered into a 21-year tenancy agreement with PNB, consisting of an initial term of three years and renewal for a further six three-year terms.

The country’s largest bank by asset size will occupy 33 floors in Merdeka 118, and has been offered naming and signage rights over the building, confirming a report by The Edge Weekly on Aug 15.

Maybank, which is 39.85%-owned by PNB, said the monthly gross rent is RM10.60 per square foot (psf), subject to a variation subsequent to the first two terms or six years, in accordance with the terms of the tenancy agreement.

In regards to the existing Menara Maybank, the group has entered into a 10-year lease agreement with PNB to lease the property to the latter on a triple net basis, meaning all expenses of Menara Maybank, including maintenance, insurance, and all taxes will be borne by PNB.

Maybank is to receive a minimum guaranteed rental which is approximately equivalent to RM12.1 million per annum over the 10-year period. PNB may rent out Menara Maybank to sub-tenants.

“Should Menara Maybank be sold to a buyer secured by PNB within the term of the lease agreement or a period of up to 24 months after the expiry of the term of the lease agreement, at a price agreed by Maybank, the net proceeds will be shared between Maybank and PNB, in line with market practice,” said Maybank in a stock exchange filing.

“For the avoidance of doubt, Maybank itself may also secure a buyer for Menara Maybank,” it added.

In a statement on Monday, Maybank Group President and CEO Datuk Khairussaleh Ramli said the decision took into consideration the cost and benefit of upgrading Menara Maybank to meet, among others, operational and efficiency advantages, and the latest standards of sustainability.

“To do so would incur significant investments, not to mention the maintenance costs and the need to temporarily relocate our offices and employees into various locations within the Klang Valley. In addition, there would be various operational risks and business disruption to our customers,” he said.

Since Maybank is not in the business of property development, he said the bank saw it prudent to pursue the tenancy option while evaluating the best options for its current head office, Menara Maybank, which it owns and will become largely vacant with the move to Menara Merdeka 118.

All existing offices within Menara Maybank will relocate to the new building on a staggered basis starting in the first quarter of 2025. The KL Main Branch in Menara Maybank, however, will remain and there will be no impact to customers who have accounts in this branch.

Also relocating to Menara Merdeka 118 are selected Maybank subsidiaries currently based in Dataran Maybank, including Maybank Islamic, Maybank Investment Bank and Maybank Asset Management.

Maybank’s total occupancy of 650,000 square feet at Menara Merdeka 118 will be less than its current net lettable area of 1.09 million square feet at Menara Maybank in line with the bank’s strategy to use workspace optimally and smartly while incorporating social distancing measures among other SOPs, given its adoption of new age work practices of remote working, said the bank in the statement.

From the edge.

look at fb comment, all are saying pocket money in from left and out to the right 

"I rented an apartment with a good view of the tower so I could conduct surveillance of the building.“

Yay business for Opus it looks like from the Russian climbers. Positive marketing angle for the owners here.

Yup this is Opus facilities deck.

she is now being called by PDRM.... No play play climbing up of our country asset without any permission.

she is now being called by PDRM.... No play play climbing up of our country asset without any permission.