PROPCAFE Review : The REV.O @ Bukit Jalil City By MBM Land [ Executive Summary Review]

The REV.O @ Bukit Jalil City By MBM Land

[ Exclusive Review brought to you by PropCafe.Net ]

REV.O Bukit Jalil

REV.O Bukit Jail Night
REV.O Bukit Jail Night
REV.O Bukit Jalil Top View
REV.O Bukit Jalil Top View

Hi folks! Very sorry for being a little bit late here. Lot of our readers been asking us to share and been waiting for this and really sorry to keep you guys waiting. We just have to wait for the right timing 🙂  Nevertheless just like what we had promised , finally we would like to share with you all here the material that we presented during the  closed door coffee session on 18th October 2014 for this one and the only one of PropCafe property sharing session in 2014 called The Project REV.O @ Bukit Jalil City by MBM Land codename “The Revolver”!

*For those who want to go directly to : The REV.O @ Bukit Jalil City – REV.Olutionary Lifestyle Office – Part Two

Otherwise please continue to read and scroll down until the end for the link to part 2 The REV.O @ Bukit Jalil City – REV.Olutionary Lifestyle Office – Part Two

The REV.O @ Bukit Jalil City – Introduction

 

Slide 1 The REV.O Introduction
The REV.O Introduction
REV.O Facade
REV.O Facade

REV.O @ Bukit Jalil City by MBM Land

  • REV.O comprises ONLY 421 units of FREEHOLD revolutionary office suites
  • Size ranging from306sf to 597sf in a 30-storey tower.
  • Each typical floor comprises 17 office suites served by 6 high-speed lifts.

FEATURES

  • Freehold revolutionary office suites, efficiently sized with a practical layout.
  • Located within the 60-acre Bukit Jalil City, atop Aurora Place and only a minute walk to the upcoming Pavilion Bukit Jalil shopping mall.
  • Close proximity to the nearby 80-acre Bukit Jalil green lung.
  • Superb strategic location where comprehensively served by 5 major highway networks.
  • Only 1km away from the upcoming Awan Besar LRT station.
  • Served by more than 2,500 car park bays at Aurora Place.
  • Facilities Sky Pool and Lifestyle Gym.
  • Air Conditioning Air-Cooled Split Units

The REV.O @ Bukit Jalil City – Location

Slide2 Propcafe The REV.O Location
Propcafe The REV.O Location
  • REV.O @ Bukit Jalil, Kuala Lumpur
  • GPS Coord : 3°03’10.6″N 101°40’08.6″E
  • Designated as International Zone
  • Surrounded by by established township Puchong, Kinrara, Sri Petaling, Serdang, Seri Kembangan & OUG

Approximate Direct Displacement (* Nearest Distance by Car)

  1. KLCC : 12.5km (*19km)
  2. One Utama : 12.2km (*23km)
  3. Sunway Pyramid : 7.2km (*9km)
  4. Mid Valley : 7.3km (*10km)
  5. IOI Mall Puchong : 5.7km (*8.0km)
  6. The Mines : 6.0km (*8.5km)
  7. Cyberjaya : 15km (*25km)
  8. KLIA : 33.5km (*50km)
MBMLand-REV.O-Location
MBMLand-REV.O-Location

The REV.O @ Bukit Jalil City – Accessibility 

MBMLand-REV.O-Acessibilty_Propcafe2

Slide3 Propcafe The REV.O Acessibilty
Propcafe The REV.O Acessibilty

Major Highways – 6 Major Highways

  1. Lebuh raya Bukit Jalil
  2. KESAS Highway
  3. MRR2
  4. Sungai Besi Highway
  5. MEX Highway
  6. Lebuh Raya KL-Seremban

Train – LRT (*Approximate distance) 4 LRT stations

A. Awan Besar (Accessible?) – 1km (There is a BIG question mark whether this station is accessible from Jalil Sutera)

B. Alam Sutera – 1.5km

C. Sri Petaling – 5.0km

D. .Bukit Jalil – 3.9km

The REV.O @ Bukit Jalil City – Surrounding & What’s Around

The REV.O What's Around
The REV.O What’s Around
  1. The Ritz 2 Shophouses – 1km
  2. Jalil Sutera Residential – 0.8km
  3. SJK(C) Lai Meng – 0.6km
  4. Jalil Sutera Residential – 0.8km
  5. Jalil Damai Apartment – >50m
  6. The Link Business Centre – 1km
  7. International Medical University – 3.7km
  8. Bukit Komanwel Park – 3.6km
  9. Seri Rakyat Apartment -0.2km
  10. Aurora Place – Right On Top
  11. The Earth Bukit Jalil – 0.3km
  12. Bukit Jalil City Mall ( Pavilion Bukit Jalil ) – Right Beside < 50m
  13. Bukit Jalil Park (80acres) – 1.5km
  14. Cavalry Convention Centre – 1.6km
  15. Technology Park Malaysia – 2.6km
  16. Asia Pacific University Of Tech & Innovation – 3.1km
  17. Bukit Jalil National Sports Complex -3.6km
  18. Bukit Jalil Golf & Country Resort 2.3km

(*All above are just an approximate distance)

The_REV.O What's Around
The_REV.O What’s Around

The REV.O In And Out

The REV.O In And Out

REV.O-Location Plan
REV.O-Location Plan
REV.0 Surrounding & Amenities
REV.0 Surrounding & Amenities

The REV.O @ Bukit Jalil City – Developer Background

Page7

Propcafe The REV.O About The Developer

Slide8 Propcafe The REV.O About The Developer
Propcafe The REV.O About The Developer
  • REV.O is developed under Gemilang Eramaju Sdn. Bhd. (1093926-W) and its majority owned by MBM Land Sdn. Bhd. (1047181-A, www.MBMland.com) via Transformer Trend SB (790956-K).
  • MBM Land is currently a boutique property developer having projects mainly in Klang Valley and Ipoh.
  • Their most notable projects todate have been Menara MBMR at Mid Valley ( http://www.mbmr.com.my/Automotive/MBMR-s-Business/Menara-MBMR/Introduction/) and The Signature @ Sri Hartamas . Both these projects are in near VP state currently.

menara_intro2

  • Due to the currency of this project, no information of REV.O can be found in MBMLand website. It should be made available when dusts are settled.
  • There is no information can be verified on JV with Ho Hup to join develop this REV.O, however there are directors of   same interest in both Ho Hup and MBM Resources.

The REV.O @ Bukit Jalil City – Master Plan

Slide9 Propcafe The REV.O Master Plan
Propcafe The REV.O Master Plan

REV.O will be a part of Bukit Jalil City ( www.bukitjalilcity.com )

Bukit Jalil City consists of:

  • Aurora Place: 64 units of 2, 3, and 4 Storey Shop Office – 5.9 acres
  • Aurora SOVO: 209 Units above Shop Office
  • Pavilion Bukit Jalil Mall
  • Retail Shop and Signature Office: Not Launch Yet
  • RM400million or 70% of the shops SOLD
  • Luxury Park Residence: 6 Blocks – Not Launch Yet
  • Hotel
  • REV.O: Small Office Versatile Office (SOVO) above Aurora Place Shop office
Slide10 Propcafe The REV.O Aurora Place
Propcafe The REV.O Aurora Place

Aurora Place by Ho Hup

  • Aurora Place: 64 units of 2, 3, and 4 Storey Shop Office – 5.9 acres – Freehold.
  • Developed by Ho Hup
  • Built Up: 4118 – 10948 sq.ft.
  • Completion Date: Sep 2016 (expected)
  • Rooftop Landscaped Court-yard
  • Lifts & Escalators
  • 3 Level Basement Car Park
  • Dual Entrances

From The Star : http://www.thestar.com.my/News/Community/2013/09/28/Integrating-work-and-play-New-office-development-set-for-launch-in-Bukit-Jalil/

Slide11 Propcafe The REV.O Aurora SOVO
Propcafe The REV.O Aurora SOVO

Aurora SOVO by Ho Hup

Aurora SOVO: 209 Units, 19 storeys above Shop Office – Freehold

  • Developed by Ho Hup
  • Built Up: 602 – 1305 sq.ft.
  • Bedrooms: 1 to 3
  • Bathrooms: 1 – 2
  • Price per sq ft: RM682 – 738  Current leftover psf: RM780-840
  • Completion Date: Nov 2017 (expected)
  • Swimming Pool
  • Gymnasium
  • Rooftop Court-yard
  • BBQ Area
  • Community Hall

Slide12 Propcafe The REV.O Pavillion Bukit Jalil City Mall

Propcafe The REV.O Pavillion Bukit Jalil City Mall

Bukit Jalil City Malton
Credit to privilege2u from LYN

Pavilion Bukit Jalil by Malton

  • Regional Shopping Mall: 2 million Net Let-able Area (rival Mid Valley and Bigger than Pavilion KL)
  • 50acre freehold land
  • Retail Shops
  • Signature Offices
  • Luxury Park Residence: 2 and 3 Bedroom. Total 6 Blocks of Service Apartment
  • Developed by Malton
  • Service Apartment expected to launch in 2015.
  • Proposed infrastructure :
  • Proposed overhead u-turn to Bukit Jalil City from Puchong/Technology Park highway
  • Pedestrian cross from Bukit Jalil City to Bukit Jalil Recreational park

Page13

Propcafe The REV.O About REV.O

REV.O by MBM Land

  • R evolutionary office suites – Small Office Versatile Office (SOVO)
  • Freehold
  • 5th to 29th Floor
  • Majority 17 units per floor
  • Total Unit: ONLY 421 units
  • Studio and 2 Rooms
  • Size ranging from306sf to 597sf in a 30-storey tower.
  • 306sf, 377sf, 384sf, 401sf, 406sf, 432sf, 596sf, 597sf
  • Developed by Gemilang Eramaju, a member company of MBM Land
  • 30th floor is Roof Top Swimming Pool
  • Lifestyle Gym
  • Each typical floor comprises 17 office suites served by 6 high-speed lift
Slide14 Propcafe The REV.O Facade
Propcafe The REV.O Facade

p/s There is a thread at lowyat been discussing about Bukit Jalil City extensively . If you have time you can have a look on the thread –

BUKIT JALIL CITY | REV.O SOVO | AURORA SOVO, Another megaproject starting very soon (Investment)

Unit Layout Analysis – check out Rev.O @ Bukit Jalil City in the link below

http://propcafe.net/the-revo-bukit-jalil-city-revolutionary-lifestyle-office-part-two/

The REV.O @ Bukit Jalil City – View and Orientation

Page20

Propcafe The REV.O View and Direction

The REV.O @ Bukit Jalil City – Specification

Slide21 Propcafe The REV.O Specification (Preliminary)
Propcafe The REV.O Specification

Pro:

  • SOVO with Swimming Pool and Gym
  • More specification than normal SOVO or Office Suite, e.g. laminated flooring, split airconds provided,
  • Points for Pantry and Water Heater will be provided

Con:

  • No wall provided for all 1+1 or 2 Rooms units
  • Lobby will not be as grand as other residential apartment.
REV.O-Specification (Latest)
REV.O-Specification (Latest)
REV.O Bukit Jalil Roof Top Infinity Pool Overlooking Bukit Jalil City
REV.O Bukit Jalil Roof Top Infinity Pool Overlooking Bukit Jalil City

The REV.O @ Bukit Jalil City – Market, Product & Pricing Analysis

Slide22 Propcafe The REV.O Adjacent Projects
Propcafe The REV.O Adjacent Projects
Slide23 Propcafe The REV.O Market Information
Propcafe The REV.O Prevailing Market Information
Slide24 Propcafe The REV.O SOVO SOFO Market Information
Propcafe The REV.O Prevailing SOVO SOFO Market Information

Price & Product Analysis

  • All the above apartments and condos are >600sqft.
  • Presently there is only one relevant product comparable to Project REV.O, Aurora Bukit Jalil.
  • Aurora SOVOs are marketed at 600-1300sqft 750-800psf with total absolute price of >RM600,000.
  • However the final leftover 46units are for sale by developer between RM780-840psf net.
  • SOVO SOFO are located all over Klang Valley.
  • In general prices are above RM600psf and small sizes.

Conclusion

Project REV.O is niche product with lowest entry in absolute amount in Bukit Jalil post Pavilion 2 introduction by Malton. The prices is comparable to any SOVO SOFO products in Klang Valley.

The REV.O @ Bukit Jalil City – Risk Analysis & Schedule Payment

Slide26 Propcafe The REV.O Risk Analysis
Propcafe The REV.O Risk Analysis

The Risks

  • Completion of Malton’s mall
  • Success of LRT
  • Widening of Bukit Jalil – Technology Park – Puchong highway
  • Completion of retail shops by Ho Hup
  • Completion of Aurora Hybrid mall
  • Future competition from surrounding developments
  • SOVO (single office versatile office)
    • Schedule H enforceability.
    • Progress billings is not similar with Schedule H
    • The usage
    • length of construction period
    • commercial agreement (LTV70 is not applicable)
    • shorter defect & liability period
Slide27 Propcafe The_REV.O Schedule of Payment
Propcafe The_REV.O Schedule of Payment

REV.O schedule of payment

  • This is commercial agreement therefore the progress billings is different with Schedule H SPA.
  • 60% progress billing will be billed on the completion of completion of concrete frame and parcel for the parcel Vs 35% under Schedule H.
  • After 1.April.2015, 6% GST will be chargeable outstanding progress billings

The REV.O @ Bukit Jalil City – Unique Selling Point & Catalyst

Slide28 Propcafe The REV.O USP and Catalyst
Propcafe The REV.O USP and Catalyst

Project USP and Catalysts

  • The REV.O is an unique product whereby it doesn’t own any land in Ho Hup parcel, but builds on Ho Hup’s hybrid mall shop lots and directly opposite Malton’s so called Pavillion 2 project.
  • Ho Hup has 18% GDV interest in Malton’s 50 acres Bukit Jalil City development whereas Ho Hup itself has 10acres of prime commercial land which they are developing (and near fully sold) Aurora Hybrid Mall and one block of SOVO.
  • Neither Malton nor Ho Hup will like to see this master development stalled or less upbeat for their future earning. Its expected that when Malton finally releases their service apartments   (in their master plan), the pricing is said to be above RM800psf.
  • The uptrend potential of REV.O is undeniable when the entire Bukit Jalil City development is taking shape and its demand for commercial usage of REV.O will be there to take advantage of it.

The REV.O @ Bukit Jalil City – Project Potential

REV.O_Move forward

Community

  • Bukit Jalil highway will be expanded to 8 lanes highway from Puchong to Astro in the near future with additional linkage to/from KESAS highway. However there is no concrete resources to prove this statement.

Now and Fast Forward

  • REV.O is commercial building and it has obtained development order approval. This project will take 4.5 years to complete.
  • The timing is coincide with the completion of Ho Hup’s Hybrid mall and hopefully just in time for Malton’s long awaited Pavillion 2 Bukit Jalil open its door to the public, if Malton is sticking with their master plan proposal. We hope the Bukit Jalil City Pavilion Mall is as good as the Pavilion Kuala Lumpur Mall or if not better at least comparable and as successful as the IOI City Mall.
  • Slide30 Propcafe The REV.O Other matter

Propcafe The REV.O Other matter

The REV.O @ Bukit Jalil City – Others

  • No DIBS
  • Commercial agreement
  • SPA and Loan Legal Fee is borne by purchasers
  • Maintenance fee and sinking fund is expected at RM0.50psf
  • End Financiers is still pending approval. OCBC, Public Bank, RHB and Maybank. UOB bank has been approved with 80+5% MOF, BLR-2.2% and tenure of 30years or 70 years old, whichever earlier.

 

Slide31 Propcafe The REV.O Summary
Propcafe The REV.O Summary

 

The REV.O @ Bukit Jalil City – Summary

  • Bukit Jalil – Current Hotspot and prime area
  • Riding on Malton’s Bukit Jalil City
  • Affordable entry price for a prime location and riding on the catalyst
  • SOVO – Hybrid product
The END
The END

The REV.O @ Bukit Jalil City – The End

This is pretty much all about The REV.O @ Bukit Jalil City by us. We hope you enjoy the contents and read it till the end. We have to agree it is pretty long one and too much info loaded. Well it is for the utmost benefit for the public to look into what they are buying and gaining some insight of it. We hope the info provided above will be helpful for buyers or investors in their decision making of property investment.

Last but not least, if you guys really like and enjoying reading it, please don’t mind to share it with your friends and family. We are more than happy 🙂 and is our greatest honour if you want to share it with more people! so long that you quote us or give us some acknowledgement and don’t abuse it or misuse it because we spent hundreds of hours on doing this and it is our sweat and blood. Please do not rob from us 🙁 . 

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PropCafe.Net is looking forward for more supports from our readers to be able to come out more reviews and continue our effort to contribute  to the society by knowledge sharing in the coming 2015. Just a simple “like” or “share” of our post is more than enough for us 🙂 !

If there is any mistake, feel free to comment and we will rectify it if accordingly or if there is any complain , we are welcome to hear that too!

We are open to all sort of comment or constructive suggestion here to improve ourselves better. We believe that we become wiser by mistakes and not compliment. Once again, we would like to say thank you very much for all our followers and readers who have been supporting and stay with us until now. PropCafe.Net loves you all!

Congrats for those who had vested and for those who are still hunting, we wish them good luck and all the best!

Thank you and God bless!

p/s  * Please take note that the material was prepared based on the information we had prior 18th October. There might be some info adjustment or changes of the project after the session. For latest and updated info , best is refer to the developer directly)

For Part 2 of The REV.O @ Bukit Jalil CityThe REV.O @ Bukit Jalil City – REV.Olutionary Lifestyle Office – Part Two

Pingback :

PropCafe.Net Facebook New : http://propcafe.net/propcafe-facebook-news-rev-o-bukit-jalil-city-exclusive-review-coming-soon/

PropCafe.Net Coffee Session : http://propcafe.net/coffee-session-project-r-bukit-jalil/

 

Scale Model (*Still WIP…)

REV.O Bukit Jalil Scaled Model
REV.O Bukit Jalil Scaled Model
REV.O Bukit Jalil Scaled Model
REV.O Bukit Jalil Scaled Model
REV.O Bukit Jalil Scaled Model
REV.O Bukit Jalil Scaled Model
REV.O Bukit Jalil Scaled Model
REV.O Bukit Jalil Scaled Model

 

 

 

 

 

 

 

 

 

 

 

 

17 Comment

  1. Good share. A question. I remember seeing the master plan last time and the service apartments are all on the other side facing the park, and not on the mall. Has there been a change?

    1. Sorry. I don’t quite get you. Which service apartment you are referring to? There are two malls here. Aurora Hybrid Mall and Bukit Jalil City Mall.

      1. Hi, I am referring to Pavilion Bukit Jalil mall. Reading the comments above mentioning to expect service apartments to be on top of this mall but the last time I saw Malton master plan all the residences are on the other end facing the park?

  2. hhhmmmm…..
    it’s a bit puzzling reading the layout analysis when there’s nothing shown in the slides.
    anyhow, am amuse to find the presentation and suggestions of “living rooms”, “kitchen”, “bathroom”, “master room”, etc. we are referring to a sovo now, aren’t we? shouldn’t the presentation be skewed towards “lounge”, “reception area”, “pantry”, “washroom”, “manager’s room”, “meeting room”, “discussion room” and what not?
    i felt that Rev.O have a strong thing going for it. congrats to the purchasers who manage to snag a unit or 2. given that it is sitting on a reasonably good location, it would do well no matter what product it offers with the correct pricing.
    what disappoints me though is why the ambiguity of offering a sovo or soxo product. and to make matters worse by giving a pretense of the possible usage of space through a residential effect?
    given the strong and significant location, i felt that it could have done better in terms of positioning. would purchasers grab it if it’s a full office suites instead? it’s somewhat akin to grabbing an office suite along the boulevard across mid valley.
    i also like the comparison slide where one was structured towards adjacent projects (which coincidentally involves only residential) and another structured towards sovo/soxo/soho/suites/etc. it remains unclear (or at least only to me personally), the direction of these new products “soxo”. while pj5 soho has VP, it is still a true hybrid of resi cum office. even then, occupancy seems low. and taragon kelana is hardly occupied at all. it will truly be a marvel to start sighting these new groups of products in the market and how they fare. looking forward to the somewhat first batch of graduates in the like of summer suites in kl.
    perhaps propcafe can help users to unlock the myth surrounding soxo product and help readers understands it better. not copy and paste of articles out there but perhaps some concrete findings based on authorities feedback or so?
    but a detailed analysis nevertheless and for that, a kudos to the entire team at propcafe!
    cheers!

    1. Kochin. Good feedback on the layout analysis. If u were one of the participants in coffee session, you would see the different layouts which includes all the partition, beds etc lol. We didnt put it here bcoz of certain reasons and thats why u see it bare layouts here.

  3. The PBJ plan is keep changing from what i was told… the plan that we knew there would be 4 blocks of residential sit on common podium that sit on the other side of the park.

  4. Thank you for the feedback Kochin. What can be done on the space or words that used is just expression and opinion of Propcafe in this review. Ultimately it is the buyers’ right to be use the unit the way they see it fit. The developer is positioning the product as SOVO and they probably have their reasons to do so….

    The brief first comparison was made with those comparable products in Klang Valley and second comparison was for Bukit Jalil Area. However we couldn’t find similar product to be compared with exception of the Aurora SOVO that already briefed in earlier slides. therefore the comparision was made with residential products in Bukit Jalil.

    Personally i think SOVO, SOHO have their fans and ppl who are skeptical on it. Ultimately, this may be high risk investment that relies on developer execution and may not everyone’s cup of tea.

  5. […] I am not going to touch into so details of the address of Bukit Jalil itself as our previous post of The REV.O @ Bukit Jalil already covered quite details. Just in case if you not familiar with Bukit Jalil, please refer to […]

  6. Project Specialist says: Reply

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  7. hi anymore units? I am keen.
    Please contact me.

    1. hi Benz, yes there is still available unit, you can reach me at 01123265569

  8. […] For the readers that follow PROPCAFE since last year, we have published extensive review on the project and overview of the Aurora Bukit Jalil and Pavilion Bukit Jalil. For the readers that yet to read the review, you can read it in the link http://propcafe.net/the-revo-bukit-jalil-city-by-mbm-land-executive-summary-review/ […]

  9. Hi, May I know the clearance height from finished floor to ceiling for Revo Sovo Unit ?
    I was told by agent that it was ard 8ft 6inch. Thanks

    1. Hi Pang, thanks for dropping by our blog. Your agent info is right. It is more or less +- 2.6m.

  10. Thks for your prompt reply. My friend managed to get one unit for ard RM970 psf after rebate. The construction period is 54 months from the date of SPA so the psf price will be ard RM1,050 after completion. Do u think the psf price is too expensive after vp ? Stil can flip for profit after deducting the rpgt, legal fees etc ? Dont u think the ceiling height is too low ? Thks

  11. Can u contact me? i want ask for more information ,i am Hang ,017-8453388

  12. […] PROPCAFE hardly collaborates with developers. The only last two projects were 28 Boulevard and REVO which was two years ago. Now, if you look back, these projects becomes super good buy. When you see […]

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