Flexus Signature Suites is the latest launch by boutique developer OCR – Ong Chong Realty Sdn Bhd (they of developments such as PJ5 soho, Residence 8 @ OKR, Palm Reserve in Damansara Jaya, Chestwood Terrace in Kg Kayu Ara).
Located off Jln Kuching, behind the Khai Chee Chinese school – there will be a specially built dedicated slip road from Jln Kuching leading into Flexus (convenient slip road for Flexus residents, and also a convenient pick up/drop off slip road for the Chinese school’s students’ parents!) Access whilst is convenient – smacked right next to Jln Kuching, can be a chore if you work in KL (every time having to go towards the Kepong roundabout to u-turn to head back to KL).
The layout is a V-shaped layout, with east facing units (facing KLCC and more premium priced) whilst south-west facing units will have views of the future Naza Matrade development (keep this development in mind as this development is pivotal to Flexus’s success and we will revisit it shortly).
Facing south west view will also enjoy the KTM track sound.
There is a huge tract of Goh Ban Huat land next to this development, and Tan Chong’s Segambut plant nearby – also slated for future development.
Total of about 270+ units per floor, 2 ground floors of retail followed by carparks. Lowest floor for the suites start from the 9th floor.
Smallest size is about 477sf, most of the units are around 520sf++, with a few 900+sf units per floor – these are 2 bedders.
Except for the 900+sf 2 bedders, the rest of the units are all studios. Maintenance inclusive of sinking fund is about RM0.44psf
The layout is quite space saving, there is a sliding glass partitioning the kitchen from the bedroom (a la Plaza Damas studios), as well as sliding doors to the toilet. Toilet has is H-shaped with dual entry, one end being the shower and the other end the sink/toilet bowl, in the middle is the walk in wardrobe.
This is a free hold development and all the units come with one free car park. And the units are also SOFO by the way (therefore some of the panel banks are willing to finance up to 80-85% for this project).
OCR is leveraging on the potential of the Naza’s Matrade development – KL Metropolis, touting that RM700psf might seem expensive now, but when Naza launches their condos in the Dutamas vicinity, it should be from RM1000psf upwards.
This Naza Matrade development is of course a huge development covering a whole 75.5 acres, with convention centers, condos, office blocks. The Circle Line is rumoured to run through here as well.
Current offering :
– 10% early bird special
– additional 2% rebate for repeat buyers
– free 1 car park bay (you’d assume this is a given rather than special promo)
– free legal fees on Sales & Purchase Agreement
– 0% interest during construction (its Interest Reimbursement Scheme not Developer Interest Bearing scheme)
– semi furnished package worth RM 30,000 (covers kitchen cabinet, hob and hood, simple walk in wardrobe, 2 air condition units)
Bottom line
This development heavily rides on KL Metropolis, as a standalone project – it can’t stand by itself! At RM700psf, it is not cheap. Putramas down the road is readily available for sub RM500psf. Don’t like Putramas’ density ? Or looking for something with a snob appeal ? Seems there’s a unit at Tiffani which is going for RM770psf (815sf unit) Not sure if this is just an agent fishing, but the location of Tiffani would be much better than Jln Kuching: http://www.iproperty.com.my/propertylisting/633252/Mont_Kiara_Condominium_ForSale
Tan Chong will also be planning to develop its piece of 47-acre land in Segambut after 2013, as its moving its plant to the newly build modern facility in Serendah :
http://www.theedgemalaysia.com/first/154446-tan-chong-steps-up-property-plans.html
Goh Ban Huat as well, has a 16-acre land for future development.
http://www.theedgemalaysia.com/property/227756-fcw-mulls-development-of-segambut-land.html
To me, this piece of news is more exciting, and has better potential than an independent boutique development which stands alone by itself. If you are familiar with OCR developments, they are aplenty in the Kg Kayu Ara area; a hodge podge of nice apartments smacked right in the middle of a squatter settlement. So you can imagine what this development will be like in the future.
This Segambut area is buzzing now. Boulevard Service Apartment (also covered by propcafe), on the opposite side of Jalan Kuching, was launched 2 months ago at RM480psf; as a comparison, Flexus is not cheap at all. But do drop by the showroom,, the show unit has very nice ID. I love the SMEG fridge, and do check out the wall paper. Stunning design. Unfortunately according to the kind folks in OCR, not all their customers take to the ID. Oh well, you can’t please everyone can you?