Naza TTDI, EXSIM to jointly develop RM800m-GDV service apartment in KL
March 05, 2020 15:01 pm +08
https://www.theedgemarkets.com/article/naza...ce-apartment-kl

The joint venture signing between TTDI KL Metropolis Sdn Bhd and EXSIM Development Sdn Bhd marks the beginning of the development of MET 6 in KL Metropolis. The signing parties are (from left) SM Faliq SM Nasimuddin, deputy executive chairman and group managing director of Naza TTDI; and Lim Aik Hoe, managing director of EXSIM. (Photos by Naza TTDI)



KUALA LUMPUR (March 5): Naza TTDI Sdn Bhd has teamed up with EXSIM Development Sdn Bhd to jointly develop MET 6 here, which has a gross development value (GDV) of RM800 million.

MET 6 is the latest component of Naza TTDI's RM20 billion-GDV KL Metropolis mixed development in Jalan Duta.

Under the joint development (JV) between the two companies, EXSIM will be granted the rights on the 1.86-acre land to develop a premium service apartment complete with a retail podium.

In a statement today, Naza TTDI said this is the fourth JV development in KL Metropolis, with the previous three being Hap Seng for KL Midtown, Triterra for The MET and Nusmetro for Arte MK.

KL Metropolis is a 75.5-acre mixed-use development featuring residences, hotels, retail, entertainment attractions and offices, which include the Malaysia International Trade and Exhibition Centre as its nucleus.

More project info at:

Android:
https://play.google.com/store/apps/details?...eraapp.accetera

iOS:
https://apps.apple.com/gb/app/accetera/id1554722291

This post has been edited by accetera: Mar 20 2021, 09:59 AM

how much total units?

Interesting...
Let's see how TTDI can market this project

Anymore details?

One should be very worried of anything with N@ in the name. Understand some of their projects are borderline abandoned.

Agent said gonna launch this coming Aug...950psf...what do you'll think?

Don’t think Naza the one managing as they pretty much the landowner

any more details?

Parking..

Project Info
Project Name : Met 6
Location : KL Metropolis, Kuala Lumpur
Land Tenure : Freehold
Land Area : 1.86 Acres
Total Units : 679
Number of Towers : 2
Number of Floors : 42 & 43 Storeys
Built-Up : 865 sq.ft - 1,450 sq.ft
Property Type : Premium Serviced Residence
Gross Price : To Be Confirmed
Developer : Joint venture between EXSIM Group & Naza TTDI

saw this info online but website taken down already..

This post has been edited by selinix: Aug 14 2020, 12:52 PM

Pre launch at the end of this month. 🤫

1200psf cannot run

Parking

i wonder how is exsim cashflow doing.
swallowing up a mammoth development in damansara perdana, lacklustre sales in arcuz, giant development via millerz, and also this behemoth development.

Ya... Very aggressive. hope not another Empire collapse story.....

Parking here....

Get Ready

Met 6 plus exsim typical premium pricing, can it do well here? Lets rock and roll

High density in the area. Demand for rental n subsale will be very very low even if it's below 800psf.

All the best 😆

Going forward, demand for 2-3 rooms will continue to attract demand with Smaller family and MY moving into ageing society. Salam

This post has been edited by VOLVOFORLIFE: Sep 16 2020, 05:44 PM

But the problem is that area itself getting more 2-3rooms supplies and the accessibility not any way improve by any public transport. Travel just by car (regardless of self driving or GRAB) is not sufficient for the potential expat that wanna stay there anymore.

as long as the project is good, then got ppl want to buy then i think cashflow wont be a problem

Very true. And supply in this area is crazy too. Let's see how the first few residential lots perform upon VP
No public transport, no prospect of any mall that will survive there.

Based on this theory, N@@a developer shouldn't be dying. Yet they have so many incomplete projects even with decent sales.

How is the artes sales?

seems like a lot supplies pour in these area.

Naza's MET 1
Naza+Hup Seng Land's Met 5 (or Summerset)
Naza + Exsim's Met 6

Can this Met 6 success?

Met-6 or Parq Solaris (by UEM Sunrise at beside Publika) or ParkPlace (by PPSB at Desa Parkcity) better? in terms of investment for rental.

Lots of supply coming up in the dutamas/segambut/north kiara area in the coming few years. Eg. Solasta, Alix, Duta Park, ERA, Riana Dutamas, etc

Sure parkplace is better lah. Study the existing supply n demand in dpc vs all those untested area like metropolis.

true true, a sole developer vs many developers pouring in the supplies.

It really depend where u like to stay lar....some like to stay in KLCC ...some like to stay in DPC ... some like to stay in Mont Kiara

If very rich buy lar each in each location and can stay in different properties and location as you like. lol

Wrong lar...Mont Kiara and Dutamas have all sorts of layout lar.....some rental are even low like shit....good for cheapo expats lar....

How about Pavilion DH? Still can buy now?

Sure can buy lar..hehe

Pavilion DH is every people dream to stay there.

This post has been edited by BukitKing222: Sep 23 2020, 08:25 PM

As long as you suka and you afford, sure can buy one

900sqft
RM85xk start
1,300sqft
RM1.2mil start
1,500sqft
RM1.4mil start
2-3 carpark.

MRT 3 will place a station right in between MITEC and MET5/6. Is just a matter of time.

Any news on the MRT 3 Construction start? Last heard was in Dec 2019....it’s been quite since then.

IMHO, if anyone intends to stay in DH, they would prefer low dense with low number of units of condo. A quick comparable study of transacted units nearby is needed as well.

That sums up my answer.

This post has been edited by Babizz: Sep 24 2020, 07:14 AM

Until the news comes out that MRT3 has been awarded, low chance of any of this ya.

You pay for it ka haha, matter of time, by that time those investors already all lelong ing units already

It's the risk people have to take.

Just the matter of time as the MRT 3 is a sure go thing... as well as the 2 stations in Bandar Malaysia.

But definitely Exsim project here is a good buy also, looking the numbers of corporate towers here, shouldn't have the problem to rent it out in the future...just walking distance to their work place.

And it's all now freehold in KL Metropolis.

Pavilion DH and KL Metropolis are both good choices as it link to mall and corporate towers. same goes to BBCC and TRX.

I forsee wont have any impact as the interest rate is very low and their loan installment amounts have been reduced for time being.

for those big amount loan, or compress loan buyers, not much difference bro

Launch already ? any more details?

Pre launch. Test market.

Talking this area vs mont Kiara
Sounds like
Segambut vs Desa-park-city
😆

This post has been edited by ryan@chua: Sep 24 2020, 10:38 PM

You meant Kepong/Manjalera vs DPC? Agreed it is not even SPK vs DPC but more Kepong proper vs DPC.

Can anybody tell me a single Naza TTDI property that has not been a tak laku property?

wow

Underground station?

Heard is underground, proposed near HapSeng Met 5. HapSeng allocated 500m to build underground vehicular access, connecting MET 3 signature tower and MITEC

This is exactly what people said about KL Eco City. Look how miserable the mall is now and the residential condo there struggling with rent rates. Heck, even the office towers are half empty.

And this is with a LRT station right at their door step.

Believe what you want

Incoming October 2020

Latest component of KL Metropolis to begin development with the joint venture signing between TTDI KL Metropolis Sdn Bhd; a wholly owned subsidiary of Naza TTDI Sdn Bhd, and EXSIM Development Sdn Bhd.

TOTAL BLOCK : 2
TOTAL UNIT : 679
TENURE : FREEHOLD
CARPARK : 2-3
SIZE : 889sf TO 1476sf

This post has been edited by ahrapture: Oct 6 2020, 04:15 AM

Brp harga?

Mesti lebih tinggi dr Arte ni

What? Really? U joking right?

Entahlah boss. Belum confirm lg

From artist impression photo, macam around 50 floors include carpark

I dun think so lar...if the price highrr than Arte, then buyer had no reason why choose TTDI x Naza development.

Location wise, soso only. People make U-Turn in front of main road..Sri Putramas 1, 2 & 3 is just opposite. The resident from there park till main road full full becoz Sri Putramas 1 & 2 only offer 1 car park per unit..

Another going to fail project.
Die die die 😆

This post has been edited by ahrapture: Oct 6 2020, 04:20 AM

+100. Even if demand for convention center gets high very low chance of resi demand that can fill the thousands of units here.

All the marketing talk but ignoring the fact that how long all the so call “potential” is needed to materialise ? 10 years? 15 years?

Wah , 9 ongoing project aldr now wanna launch 10th project, this company too much cash flow izit

Nice design...

Yes the mall seems pretty uninspiring, but I saw camp5 is opening there, maybe more attractive tenants will move in too

https://pictr.com/images/2020/11/20/7wDdtA.md.jpg

https://pictr.com/images/2020/11/20/7wDwU6.md.jpg

Stunning sky pool with 360'degree view yo.

Compare to TRX, Merdeka 118, BBCC and KL Eco City, KL Metropolis is actually more livable for family. Exsim projects are usually easier to rent out because of the facilities and design. The only problem is the traffic there and dont know when MRT3 line will be built.

The new shopping mall should do fine, 2m sq ft retail space (as advertised in their website), it could be the biggest mall in mont kiara & dutamas area, even better if there is cinema.

This post has been edited by ryan_chandl: Dec 22 2020, 10:37 AM

Showroom is ready at Empire City, beside D'series sales gallery

This post has been edited by thedog8888: Dec 23 2020, 09:09 PM

Anyone have more information on this project? Price? Layout? If there are any agents, PM me please.

Pm-ed you already. Anyone else who'd like to know more info on this project, feel free to pm me.

quite many projects coming in this area

KL Midtown
Solasta Dutamas
The ERA @ Duta North
Met1
Solaris Parq
D'immersione

The ERA isn't exactly in the same area as the rest. It's more to the Jln Segambut side (or more like Segambut territory) with a back access bridge connecting the road where the Sri Putramas line of condos are linked to.

parking

parking

Where is the show unit?

Parking

Just 1.86 acres, how to be premium apartments?

Naza looked like dunno-how-to and seek for every developers for JV basis. Exsim, just a boutique developer seem non stop launching while still have difficulty in clearing their own current projects.

Heard one of their project in Section 13 Shah Alan has very slow progress. Anyone still confident to buy any project with them? JV or not.

Pricing has been revised, it's about 5% cheaper now. Pm me for more info.

booking seems to be quite slow, unsurprising given pricing and current market

Wahh, MYR 1126 psf for this project?

Got 20% discounts?

Gross price is from RM960 psf

Empire City. Those interested for sales package and showroom visit can whatsapp me at http://chatwasap.com/f9ed48

This post has been edited by annoymous1234: Apr 1 2021, 09:59 AM

Frankly at current market, it will take Exsimz long period to sell the project despite their strong relationship with agencies.

they targeting different segment. clearly when it comes to 1mil property, not everyone can afford. for those interested can find out more here https://forum.lowyat.net/index.php?showtopic=5087293&hl=

This post has been edited by annoymous1234: Jan 21 2021, 10:27 PM

Max plot ratio?

given the massive amount of supplies in this area, and the doubtful office tower (jobs creation) in this period.......it will be selling slow, summore this is selling market price or above market price.

Sure not everyone can afford. But who will rent here??

Fair value price is 700psf or less given the extremely high supply here. This price is solely for ownstay

How is the arteh doing? Just VP right.

This post has been edited by Babizz: Jan 19 2021, 11:33 AM

macam sedap!

Yeap own stay is main for nowadays project.

I like the "M'sia 1st of it's kind Santorini inspired 360° Rooftop Infinity Pool"




Attached thumbnail(s)

Renting to expats and students lar...but who is going to rent during the pandemic?

No one go to school and no expats can come in...

Sorry to say the land plots is small..not much facilities on the ground like gardens, etc.


All built on top of the building... TBH, there are some other projects offer higher land plots for residents to move around.

Assuming no pandemic, which students and expats want to rent here??

Any USP for them to rent here??

Indeed it’s spectacular as it’s 360 degree swimming pool

I really like the overall KL metropolis masterplan, more so with the potential of MRT3 being around the corner, but at RM920psf, in my view this takes too much future value priced into it. There's too much uncertainty with how successful this will be, more so when there seems to be an abundance of Grade A offices coming into the market (TRX, PNB118, KL Metropolis, Bandar Malaysia, Pavillion Damansara).

Until there's more certainty on the take up rate for the offices in KL Met, I can't see myself justifying the current pricing, as much as I like the look of Fiddlewoodz. And if I were to get one for own-stay, then I'll have to ask myself whether I'd rather stay in an untested commercial development or a matured area in MK itself.

Nevertheless, if I had spare cash that I don't mind investing in very speculative investments and hold for many years (10-20), it'll be nice to own a unit here...

The office tower nearby such as publika. Still have plenty of places are empty. I think Kl metropolis will take quite some time to get mature in that area.