Meridian 101 Kuala Lumpur @ Dang Wangi Asian Heritage Row

Open for Booking Now

Website: http://www.meridian101kl.com



EARLY BIRD BENEFITS

PRICED from RM 560,000 (RM1,400 psf before EARLY BIRD DISCOUNT)

10 years Guaranteed Rental Return by Best Western Plus

Developer Interest Bearing Scheme (DIBS)

Fully Furnished

UNIT SIZE : 400 sqf and 480 sqf, Only 2 types of layout size.

TOTAL UNIT: 156 units

TENURE : Freehold

FURNISHING: FULLY FURNISHED Luxury Furnishing (move in condition)

MAINTENANCE FEE : RM 0.50 /sf

Walking distance to Dang Wangi LRT Station and Medan Tunku and Bukit Nanas Monorail Station.

Walking distance to upcoming Quill City Mall, Kuala Lumpur's latest shopping mall project.

Accredited by the Green Building Index, the latest green features have been incorporated to craft a truly sustainable lifestyle.



Managed by Best Western International

BEST WESTERN INTERNATIONAL INC. is THE WORLD’S LARGEST HOTEL CHAIN®, with 4,000* independently owned and operated hotels. Based in Phoenix, Arizona., BEST WESTERN offers more than 313,639 quality guest rooms located in 100* countries and territories throughout the world.



Press the lift down and there you find Retails and Nightlife.



Walk into a five-star hotel experience when you return home everyday. The exquisitely designed, light-filled grand lobby makes coming home something to look forward to.







This post has been edited by accetera: Feb 18 2013, 12:56 AM

wah wah wah...

Introducing the most advance carparking system in KL?

Better than the whatever Takashimaya's Times Avenue Jalan Imbi.

This is for your home. I realise the sofa is turned into bed. Sad case people's bed in future.

Any details of the GRR like? No idea how tall is this also. Most of the view will be block considering saturated tall structures around kl.

Advance parking system like this?
I think its charge per entry then..



This post has been edited by InF.anime: Feb 18 2013, 08:17 AM

500K in prime Kl area... good deal?

who is the developer?
what is best western plus?

Best Western Plus is the contemporary series of Best Western. Basically the 4-star of Best Western.

Best Western is 3-star or 5-star, Best Western Plus is 4-star and Best Western Premier is 5-star.

In Malaysia, this will the 13th Best Western-managed and the 3rd Best Western Plus after the one in Centrestage PJ and 1Gateway Klang.

http://www.bestwesternmalaysia.com/hotels

To view an example Best Western, head on to Best Western Premier Dua Sentral in KL.

What is the GGR rate?

This post has been edited by JamesPond: Feb 18 2013, 12:51 PM

GRR rate should be 6% to 7% for 3+4+3=10 years. So assuming construction period is 3 years. Total is 13 years.

Exit strategy for this project is to hold for 13 years using the GRR to pay off monthly instalments then sell off to cash out.

Next question is, with current KLCC new launching between 1.5k psf to 2k psf coupled with KL land scarcity.

WHAT WILL KLCC PSF PRICE BE IN 13 YEARS? :-)

what is 3+4+3?
GRR still never shown the number? then, how this can be guaranteed?

interesting even for the small size.. any buyer?

no need to wait for future, its happening now.. if family members want to come, where to sleep?..

3 years + 4 years + 3 years=10 years

GRR will be guaranteed by Best Western Plus for between 6% to 7% which should will be enough to cover bank monthly installments and maintenance fee depending on the bank loan LTV and bank loan.

Why it break into 3 sections? definitely there is something hidden here.
So has they written the guaranteed in percentage? Verbal 6-7% are on grey area.
There is so many uncertainties. The investor need to take note of it.

Based on the my own acceptable range. This place is worth 750 - 1000 psf

GRR is always like that, yes, the later part +4+3 is always "subject" to renewal, it happened before not even executed the first +3.. take it or leave it

This post has been edited by ecin: Feb 18 2013, 06:23 PM

Where is quill city mall

Quill city mall or vision city is at medan tunku station. The abandon project. Reviving now but duno when complete.

Paying 1400 just the sake of the car lifting mechanism

The 6% to 7% should definitely be written into the agreement.

With 3+4+3 years contract, investor will benefit if after 3 years, they are confident of generating a return of higher than 6% by renting out on their own. This provides for greater flexibility .

regalia seems cheaper
if not maytower also

Regalia is half the price of this launch price. But still i am interested with meridian.

So the GRR is only for the first 3 years. The others are subject to renewal but usually it wont be renewed so pointless to advertise as 10 years GRR which is misleading. My other queries:

1) When does the GRR period actually start?
2) What are the actual furnishings/ fittings in the unit?
3) Will the developer fix up all repairs/defects after the 3 years GRR?
4) What are the actual percentage of the GRR?
5) Will all this be stipulated in black & white on the contract?
6) What is the bank loan rate since its under DIBS? Is the rate fixed by the developer?
7) What is the expected completion date?
8) What is the early bird discount?
9) How many carparks? How does the carpark system work?
10) Is the $0.50 maintenance fee including sinking fund? If not, whats the total?
11) Is this on commercial land?

This post has been edited by cybermaster98: Feb 19 2013, 09:09 AM

But Regalia's location was crap. Thats why sales were so slow.

Any reply?

Please register at the website so that we can email you the invitation to our early bird preview.

www.meridian101kl.com

Thanks

This post has been edited by marcusho: Feb 19 2013, 03:42 PM

Okay...waiting for your e-mail.

Who is the developer? I think this question has been asked before but no answer. Hhm...wonder why so "secretive" on who's the developer. Need to know 1st ma...don't want to register for the sake of registering. Anyone can share?

When will it be?

A few more queries:

1) Is there any clause in the contract that allows the developer to terminate the GRR before completion of the first 36 months?
2) Is there a stipulated fixed date for monthly payment of the GRR?
3) Does the developer bear any form of penalty for late / non payment of the GRR? Is this in the contract?
4) Is the GRR directly under Best Western Plus or an independant management company?

this GRR things has good and bad points,
in good times, the GRR return is not attractive because demand is good.
but during bad times, maybe GRR can give u a good return when everywhere else hardly secure tenant.

M2C

This post has been edited by PROPERTYMATE: Feb 19 2013, 10:49 PM

Don't say good time or bad time, if the developer can give you the promised returns on time every time for the whole duration of the agreed term, you should be smiling in your sleep already lor!

I'll try to bring up the above queries.... and ask the relevant to answer here.

pat, please ask them the lift is costing extra 400 psf?

Cybermaster98, if the GRR scheme is foolproof, bulletproof, escapeproof, I also want in!

400sf@1400psf. There is one soon to be launched project with similar size but nearer to klcc ll b priced ard 1100psf.

Maintenance is RM0.50 psf... How much the new project? 1100 psf sounds attractive -- what name?

Near beachclub..smaller than 400sf

Yes but after reading about GRR schemes and the many horror stories, im really gonna check before i invest in this. Although it may be under Best Western Plus, but i dont think the GRR scheme would be tied to them. If it was, then it would be a plus if not then it raises some doubt. Either way, even after registering there was no acknowledgement email and neither is any phone number provided. Until now the actual developer's name has not been revealed.

I wonder why the need for such secrecy. Im starting to doubt already.

That is all in theory. Its all based on the assumption that the management company actually pays the GRR on time without any excuses. But there are bigger concerns regarding GRR schemes which is why i posted my queries above. Unless the developer can give us credible answers, this sounds like another of those 'con GRR' schemes which look good on paper to entice buyers but end up on the losing side in the end.

Some good articles which we should be mindful off:

http://biz.thestar.com.my/news/story.asp?f...74&sec=business

http://www.theedgemalaysia.com/first/14725...al-returns.html

http://www.theedgemalaysia.com/first/14725...al-returns.html

http://hba.org.my/articles/buyer_watch/2007/too.htm

Malaysian driving skill is sux
sure many accident happen inside the floor

I believe we shouldn't speculate so much as the developer has yet to release any info on the project.

Registered myself on the website as well. Waiting for more infos.

How the grr at dua sentral performing? Dua sentral how many occupied?

Thread gone quiet already? Still no replies to my earlier queries?

airline, you work in bosch?

No..
Seems many ppl keen in this grr

i am not...1400 is not realistic...unless it is from ytl

Regalia rental is good. Cover walkway to LRT will be built soon.

Hi Asali, any insider info u got? The stairs via tnb has been constructed last week. Can walk to pwtc and ktm now.

what's the yield like, and fast to rent out?

Mine bought at around 320k. Now rented out for 2100. Advertise for less than 1 month.

Eh why still haven't received email? Advertisement for prelaunch already online.

What is the current selling price now for the same unit as yours? Interested to invest there as well, thank you.

Studio 500sqft subsale going at 380-400k. Developer price bout 520k. Not too sure if it's still available

2 unirt one bedroom level 15 and 20++ still available from developer about 500k before discount facing jalan kuching

Hi adli, do you know how many units unsold yet from developer? Are you an agent?

This is Meridian forum la.... Regalia forum elsewhere.

No more news about Meridian. Seems to have gone quiet.

Oh yea, i visited the site according to their url. It doesnt seem that meridian is building at the location. There's a construction going on for 2 stories shops at the same land plot. *confuse*

Check this out:

LAST CALL!!!
New Hot Hotel Investment !
Meridian 101 Degree Commercial SOFO @ Dang Wangi, Kuala Lumpur

Early Birds Offer Package:
- Secure Tenant For 10 Years (6% - 7%)
- Only RM 10,000 Booking Fee
- Free Legal Fees On SPA
- Developer's Interest Bearing System (DIBS)
- Loan Up To 85% (15% Down payment)
- Owner entitle 5 days stays per year
- Fully furnished & renovated with Interior Design

Property Details
~ FreeHold
~ Commercial Title
~ Total 28 floor, 104 units of commercial SOFO
~ Total Units: 156 Units
~ 4 Lifts Are Service/floor
~ KLCC & KL City View (South-East & North-West)
~ Only 2 Layout Size :400sf & 480sf
~ Excellent location, Jalan Dang Wangi
~ Luxury Furnishing (Move In Condition)
~ Operate By Best Western International Inc.
~ Experienced developer
~ Very potential capital appreciation

Distance
- Medan Tuanku Monorial Station 0.3km
- Dang Wangi LRT Station 0.3km
- KLCC 1.3km
- KL Tower 0.6km
- SOGO 0.5km
- Pavilion 1.7km

Price:
480sf x RM1,350 RM = RM 648,000

Nearby Property Price Comparison
Pavilion 2, Bayan Tree RM3,000/sf
Four Season RM3,000/sf
Tribeca @ Imbi Rm1,900/sf
D’Majestics @ Pudu RM1,700/sf
Troika, KLCC RM1,600/sf
St. Mary RM1,400/sf


Advertised online -- but no news in this forum.

This post has been edited by Malaysian_driver: Mar 4 2013, 11:06 AM

How much psf of Maytower?

Can you share more about this new project?

they are taking bookings but im not sure how many units left at this stage. i heard its pretty much sold out since a japanese investor has blocked 100 units. can check out more details at my blog realtymalaysia.blogspot.com . i have a sales agent friend who can accept bookings. i was told there is no more discount. the price is now RM1410psf

but everyone need to be aware of the risks. the developer is unknown. it's a new company registered for this purpose

Thanks for the info.

http://www.wealthwire.com/news/global/4599

Is this going to stop you from buying?

Well this and many other factors have caused me to become very cautious with my next investment. So taking is slow now. Will see how things develop after the elections although i dont expect major changes for the property outlook. How bout yorself?

Interesting thread on Meridian 101:

http://forum.lowyat.net/index.php?act=ST&f...&t=2734273&st=0

Has anybody heard of Perfect Morning Sdn Bhd?

Not too excited about it. There's a similar project going on: Centrestage in PJ -- also GRR and Best Western. I think completion by next year -- can see how it goes before deciding on Meridian.

yes i know about Centrestage but the funny thing is that Centrestage is listed on the best Western website but not Meridian 101.

Just passed by and noticed the sales gallery is open. Just went and took a sales brochure from the personnel outside. 15% downpayment amounting to RM85k+

Parking not included. Who's paying for super automated parking? Gona cost a bomb.

Surprisingly, the agents are G.S reality. Not from developer.

Gonna drop by tmr again to get more info.

Where is sales office

at the same location as the development.

Can u get more official info regarding the GRR and the company called Perfect Morning? Also ask for any official docs tying this development to Best Western group. Do not rely on word of mouth.

I wonder why we need to put up 15% downpayment. This is a residential loan so why only 85% loan.

I am going there again tomorrow as my office is just nearby. Btw, the site is behind the infamous Yut Kee restaurant.

It's shown in the sales catalogue (80/85% loan), so yea.. guessing is commercial land since it sits on row of heritage shop houses.

The agent also said price starting from RM 1,410 psf.

And the agent told me that another side of the shop lots, bought by YTL. she said only, not sure true or not, can't find any details online.

Worth or not ya? I got mixed feelings la coz never heard of developer. Grr = need to double check many things too

Amint, don't play this one la -- so many uncertainties. Kan tengah tunggu S*ti* Ec*hi!!....

This post has been edited by Malaysian_driver: Mar 20 2013, 05:58 PM

Yeah true. One uncertainty yang paling digeruni = sape la plak developer ni?!!! Huhuhu

No buyers reporting for this one?

I saw them selling in Tesco booth several months ago.

The link provided at 1st post not working. Can't see any update or news.

Is this Best Western concept reliable? any feedback?

Always amazed to see all the projects offering GRR, the hotel operator is Best Western. This one, the one in Sentral, one in Ayer Keroh...

How is Best Western actually?

Hi,

Good day to all.

We are the developer(Meridian 101 Degree Sdn Bhd) for this project.

After reviewing all comments here we wish to highlight the following items:

1. We are pleased to informed that all units are sold out at Meridian 101 and wish to thanks all for the support.

2. We wish to clarify that we do not provide "GRR" for this project.

3. Any feedback or comments for this project are welcome to emailed to hojm@meridian101degree.com as we are open to share & answer opinions.

Thank You & Best Regards

Thank you for informing us and we wish you the very best of this project. Do KL proud with such property in downtown location.

Very surprised to hear no GRR as the project was selling with GRR by many agents!

Is the GRR offered by Best Western instead?

Hi,

Good day to all.

We refer to the queries whether or not we as the Developer of the Project provide guaranteed rental return (“GRR”) plan to the end-purchasers of the SOFO units.

We wish to clarify that there is no GRR plan provide or to be provided by us as the Developer to the end-purchasers.

However, we do aware that the respective end-purchasers as the prospective owners are entering into a tenancy agreement with a local company holding franchise/licensing agreement with Best Western hotel, known as Perfect Morning Sdn Bhd (Co. No. 1033136-P) (“the Tenant Company”). We were informed that the tenancy between the parties will commence after the Certificate of Completion and Compliance is issued.

In this regards, we wish to clarify that this is a private arrangement made between the Tenant Company and the respective end-purchasers which we as the Developer are not a party to and do not get involved in.

We hope that the above statement answer your queries.

Thank You & Best Regards,

Meridian 101 Degree Sdn Bhd

hm.. a bit confusing...
who runs this perfect morning sdn bhd?

Basically developer not offering.

Perfect Morning (franchisor of Best Western) is the tenant and you'll sign with it and they are the one offering GRR.

Hi,

Good day to all.

We would like to announce that with effect from today(9/12/2013), GS Realty Sdn Bhd is no longer the exclusive real estate agent for our project Meridian 101.

We trust the above is in order.

Thank you & Best Regards,

Meridian 101 Degree Sdn Bhd

Are any of your directors also directors of Perfect Morning Sdn Bhd?

Hi,

We confirmed that there is no Directors in Meridian 101 Degree Sdn Bhd also served as Director in Perfect Morning Sdn Bhd.

Thank you & Best Regards,

Meridian 101 Degree Sdn Bhd

I have few units on hand for sale. Do pm me if you are interested.

Now they start launching Meridian 101 @ Bukit Bintang, if any of you is interested please feel free to contact me. Thanks and have a nice day =)

Meridian 101 bukit bintang

Attractive incentives this weekend 15-17/8. For more info please contact 0123208621.

Developer declare 4 Oct 2013 all units sold out. Now Aug 2014, units available for sale. Developer telling lies in 2013?