PROPCAFE Peek : Nova Pantai By Malton

Nova Pantai is Malton’s latest project, located near the popular “Bangsar South” vicinity.  It is currently opened to preview by business associates as well as internal Malton staffs – walk-ins can try their luck at the sales office near Robson Heights.

 

Discover the place where all of life’s essentials come together – spectacular panaromic views, adjacent to upscale retail complexes and strategically located mid-way between Petaling Jaya and Kuala Lumpur. 

Nestled by the river front, Pantai Boulevard is a beautifully landscaped resident’s park overlooking the city’s River of Life. 

Its proximity to the city centre and river front lifestyle, together with everything on your doorstep makes Nova Pantai vibrant and highly desirable – a home that knows no limits.

 

The exact location of Nova Pantai :

 

It is closer to the Angkasapuri side of Pantai, and it is located right next to the NPE (New Pantai Expressway).

 

Malton has commited to build :

1. dedicated ingress from NPE, which will bring traffic right to Nova’s door step
2. bridge across the river, linking Nova Pantai to Jalan Old Klang road – alternative entrance/exit
3. dedicated covered crossing from Nova Pantai to the KTM/LRT hub of EcoCity. Note that EcoCity is building a direct walking link to MidValley; hence Nova Pantai will indirectly benefit as having a covered link to MidValley

 

There are 3 towers for this project, tower A (48 floors), tower B (51 floors) – in the middle with most premium view, and Tower C (50 floors). Currently only Tower A and C are open for bookings. Tower B will be launched towards the final stage, albeit at a higher cost.

 

There are specifically 2 layouts for the units;890sf (3r/2b) and 1090 sf (4b, 3r)night time. The smaller unit comes with 1 car park, whilst the larger 1090 sf comes with 2 parkings. Maintenance inclusive of sinking fund is about RM0.38 psf, with the first year maintenance being free. Additional car park is available for purchase at RM35k per lot.

As usual, my gripe about such layouts is the lack of a wet kitchen/yard – for the tenant to do laundry or cooking.  Enclosed kitchen does not really suit Malaysians (your fried ikan kembong, telur mata kerbau, etc will stink up the whole apartment).   Malton has made a commendable effort to squeeze in 4-bedrooms into a 1097sf unit.

All the units come partially furnished with:

• kitchen built ins
• hob & hood
• fridge
• washing machine & dryer (as all the units do not have a wet kitchen)
• each room will also have an air cond unit

(layouts courtesy of lowyat.net)

APDL is expected out only in April, so in the meantime it is just a series of preview launches. Booking fee is RM15,000 There is currently a 5% + 3% promotion.

 

Sample pricing of a low floored unit :

RM 838k for 1090sf; minus 5% discount, and additional 3% on top of it.

Works out to be 772 k and RM708 psf.

 

Our take

Should consider east facing units, as west facing units not only have the afternoon sun to content with, but also the mosque at the bottom of the photo.  The price should also be reflective of this.   Note the proximity of the KTM track next to the unit, although the units will literally have the Angkasapuri station at its door step.

Also take note of the high tension cable running right at the side of the site. It is actually quite glaring.

If Malton is able to complete the infrastructure promised, then access to this project is extremely convenient, direct via NPE/federal highway, or via Old Klang Road. Avoiding the hassle of the infamous Kerinchi bottle neck (at the LRT station), nor going deep into OKR.

Density seems high for a project in such a narrow plot of land, and the location is also quite isolated, with no retails and commercials within 5 minutes walking distance. Of course EVERYTHING is within 5 minutes drive (LRT, MidValley).

For investment wise, the projects in Bangsar South probably have one leg up in terms of accessibility to LRT as well as retail/office, but Nova Pantai does have the KTM as its unique selling point, as well as the ‘walking’ distance to MidValley for consideration – notice the proximity of the rail road track to the project.  Please try being within earshot of trains when it rumbles by – it can be quite deafening.  The sound can still be heard even if you are 1km away from the train tracks.  Do take note of this if you are buying for own stay.  But like everything else, you will get used to the sound after a few weeks/months.

Rental yield will be on the low side, as I do not think this part of Pantai will be able to command higher rental than those in the Pantai Hillpark/heart-of Bangsar South region.