Meta City Residence

Tower A of Meta City Residence consists of Lux Soho and Lux serviced residences, that comes with 1 to 3 bedrooms and 1 to 2 bathrooms, with the allocation of 1-2 car parks per unit. The relaxing views of green avenues and the radiant modern surroundings can be enjoyed through the grand glass panel windows of Meta City Residence which have built-up areas from 450 sq ft to 864 sq ft range. Beside that, the design of the Lux and Lux Soho units with glass panels allows a high penetration of sunlight which gives positive vibes and numerous health benefits.

Meta City residence stands as an ideal home for citizens due to its well-designed layouts. The reasonable launch price of Meta City Residence, which is estimated to be from RM280,000 onwards can be afforded by investors, families, young professionals, and first-time buyers. This project was launched in the year 2019 and is expected to be completed in the year 2023. The interconnectivity and various amenities promise a good capital appreciation and worthy rental yield.

Meta City Residence Location

Meta City Residence is a leasehold serviced residence which is a quadrant of Meta City. Meta City is an upcoming mixed-use development. It is strategically located at Meta City Commercial Centre of Bandar Putra Permai in Seri Kembangan, next to Putrajaya and Cyberjaya. Seri Kembangan is a township established as the Serdang New Village in 1950. Formerly, this town was known for cottage industries such as shoemaking, and type settings services but those have been overtaken by more profitable ventures.

Seri Kembangan has evolved from a backwater to an urban town. At present, this town is a considerable city in size and positioned near the northern end of the PLUS Expressway Southern Route. It is a lot strategic since it is the home to landmarks such as the Palace of the Golden Horses hotel, the Selangor Turf Club, The Mines Shopping Mall, and Universiti Putra Malaysia.

The population is approximately 150,000, largely made up of entrepreneurs, businessmen, professionals, government servants who are working in Putrajaya, and other multinational corporation employees located in Cyberjaya.

Seri Kembangan lies to the south of Kuala Lumpur City Centre, and its neighboring towns are Sri Petaling, Bukit Jalil, Bandar Kinrara, Puchong, Cyberjaya, and Putrajaya. Residents in Seri Kembangan marked themselves safe, as the crime rate is low as the local law enforcement resides in the neighborhood.

Seri Kembangan is proven as the preferred choice for those who work in Putrajaya and Cyberjaya for its attractive and strategic location with good accessibility and amenities.

Connectivity

Meta City is located strategically close to the heart of Kuala Lumpur, thus has access to major highways like Lintasan Damansara-Puchong (LDP), Putrajaya-KLIA, Maju Expressway (MEX), and Kajang Dispersal Link Expressway (SILK). Seri Kembangan is considerably a big town and it takes about 40 minutes’ drive from north to south. Residents in Seri Kembangan could reach Seremban, Negeri Sembilan via the Kajang-Seremban Expressway (Lekas) or North-South Highway or get to Semenyih and Kajang through the SILK Highway in about 30 to 45 minutes.

Furthermore, residents from Seri Kembangan can travel to the Kuala Lumpur suburbs of Kuchai Lama, Bukit Jalil, Sri Petaling as well as Cyberjaya, Selangor, and Putrajaya along the MEX Highway or Sungai Besi Expressway (SBE) in a 15 to 20 minutes’ drive. Consequently, Seri Kembangan is regarded as the southern gateway into Kuala Lumpur for motorists traveling from southern Selangor, Negeri Sembilan, Malacca, or Johor.

Meta City has the convenience and proximity of location since there will be nearby public transportation, which is the upcoming MRT Line 2. Meta City offers easy access to MRT-2 Taman Putra Permai Station through a proposed link bridge integrated to the mall. The Mass Rapid Transit (MRT) Line 2 or the Sungai Buloh-Serdang-Putrajaya line runs from Sungai Buloh to Putrajaya with the Serdang Raya North, Serdang Raya South, Seri Kembangan, Universiti Putra Malaysia, Taman Universiti, Equine Park, and Taman Putra Permai stations functioning Seri Kembangan and Serdang folk.

Besides, the main rail station serving Sri Kembangan is Keretapi Tanah Melayu (KTM) Serdang, part of the KTM Komuter network. Alternatively, there is another rail system which is the Sungai Besi LRT station, located about 4km north of Sri Kembangan. Seri Kembangan is a leading popular choice for homebuyers looking for spacious yet affordable homes as Meta City is one of them for its strategic location.

Convenience

Seri Kembangan becomes more vibrant with commercial activities and various amenities such as shopping malls and tertiary education institutions; thus, it becomes an ideal location for many home buyers and investors since they look up to the potential of this place. Education is the pull factor as many schools and institutions nearby Meta City including Alice Smith International School and Universiti Putra Malaysia.

Shopping

• The MINES Shopping Mall (12 KM)
• AEON Taman Equine (3.6 KM)
• Giant Seri Kembangan (850 M)
• IOI City Mall (7.2 KM)
• Alamanda Shopping Mall (10 KM)

Education

• Universiti Putra Malaysia (10 KM)
• Infrastructure University Kuala Lumpur (12 KM)
• Universiti Tenaga Nasional (12 KM)
• University Technology Creative Limkokwing (7.8 KM)
• Multimedia University (10 KM)
• Binary University (14 KM)
• SK Taman Universiti (8.5 KM)
• SJK (C) Lai Meng (13 KM)
• SK Serdang (10 KM)
• SJK (C) Serdang Baru 1 & 2 (9.2 KM)
• S.J.K.(C) Kung Man (13 KM)
• S.J.K.(T) Serdang (10 KM)
• Hua Xia International School (15 KM)
• Alice Smith Secondary School (International & Private School) (4.6 KM)
• Australian International School Malaysia (15 KM)
• Rafflesia International & Private School (2 KM)
• Kingsgate International School (13 KM)

Medical Aid

• Hospital Serdang (8.9 KM)
• Hospital Putrajaya (9.0 KM)
• Columbia Asia Hospital (18 KM)
• Leisure
• Farm in the City (170 M)
• Taman Muhibbah Recreation Park (15 KM)
• Taman Serdang Utama Recreation Park (11 KM)
• The Mines Resort & Golf Club (16 KM)
• Selangor Turf Club (19 KM)

Meta City Residence Floor Plan

Meta City Residence has a total of 990 units across 38 floors in Tower A. The allocation for Lux is 594 units, while the remaining 396 units are allocated for Lux Soho. These units are divided into 3 types which are Type A, Type B, and Type C. The classification of these units is based on the size of the unit and the number of bedrooms.

• Type A (450 sq ft) – 1 bedroom and 1 bathroom
• Type B (659 sq ft) – 2 bedrooms and 2 bathrooms
• Type C (864 sq ft) – 3 bedrooms and 2 bathrooms

Type A units are the only type available under Lux Soho. These units consist of 1 bedroom and 1 bathroom. This compact design is very much suitable for couples, bachelors and also foreigners that come here for a temporary stay.

Type B units are designed with 2 bedrooms and 2 bathrooms. This unit layout is more suitable for a small family consisting of 3 – 4 members. This type can also be recommended to newly married couples that wish to get their dream home for the long term.

Type C has the biggest area built-up in Tower A of Meta Residence. With a total area of 864 sq ft, this unit is very spacious for a family of more than 4 members.

As mentioned earlier, two more residence towers are pending to be developed in the next stage. Tower B which is also known as Meta Bliz will consist of 462 units of service apartments with a size range from 757 to 1230 sq ft. Meta Bliz units are expected to be more spacious compared to Lux to attract the interests of families with more than two children. The density of Tower B is lower compared to Tower A due to more priority given to future residents’ privacy. Whereas Tower C is planned as a 320-unit Branded Suite for a short-term rental basis and the concept is still under discussion stage.

Meta City Residence Facilities and Amenities

Meta City Residence provides all the needs and services to the vibrant communities for all kinds of daily activities, therefore encouraging a well-balanced lifestyle of the residents.

A wide array of facilities is provided at LUX and LUX SOHO. Residents can experience an enjoyable set of the pool lounge, Jacuzzi, and swimming pool. The key feature of Meta City Residence is the NODE, an innovative idea to provide co-working space to catch up with work. Other relaxing facilities include the games room, reading lounge, and the viewing deck located at the top of the tower to have a sight of the city. Meta City Residence also provide the facilities of pantry, launderette, barbeque area, and meeting rooms for its residents. This premise is well secured due to 24-hour security surveillance and trained security guards.

Facilities and Amenities

Lux

• Kids Pool
• Swimming Pool
• Jacuzzi
• Cantilever Gym
• Basketball Play
• Play Area
• Surau
• Pool Lounge
• Pool Deck
• Retail
• Event Stage
• Games Room
• Reading Room
• Laundry
• Pantry
• Changing Room

Lux-Soho

• Reading Room
• Games Room
• Retail
• Changing Rooms & Toilets
• Pantry
• Gymnasium
• Surau
• Swimming Pool
• Kid’s Pool
• Jacuzzi
• Pool Deck
• Multipurpose Lounge
• Meeting Room
• Viewing Deck

Meta City Residence Property Analysis

Target Market

Meta City will be connected to the MRT2-Taman Putra Permai through the proposed interconnecting bridge linked to Meta mall. This connection allows direct access to the mall, Putrajaya Sentral, KLCC east, and other main townships. This development is the first of its type due to the mixture of various components such as residence, hotel, mall, and corporate tower. Furthermore, the increasing employment opportunities in Putrajaya and KLIA could attract more people into residing in Seri Kembangan. This is mainly due to the strong economic factor in the area, and other interesting amenities such as universities, businesses, and more. Therefore, Meta City residence is a good option for working locals, students, and foreigners that come here for job-related matters or further studies.

As per reports from September 2019, approximately 60% of the units of Meta City Residence Tower A have been sold. Based on the number of bookings secured, it is obvious that Meta City Residence is considered to carry a high potential for the future. The units at Meta Residence are affordable for all income groups including B40, with a monthly income of RM2800 and above.

Competitor Analysis

There are several residential projects around the area of Seri Kembangan. Among the projects are Equine Residence by Beverly Group, The Linq Kinrara Uptown by Gabungan AQRS Bhd, and Akasa Cheras South by Hap Seng Land Sdn Bhd.

Meta City Residence offers the lowest launching price, which is RM280,000 compared to Linq Kinrara Uptown (RM 357,500) and Akasa Cheras South (RM 482,888). Even though the launching price of Equine Residence (RM260,000) is lesser than Meta Residence, the built-up size of its smallest unit is almost bigger compared to the smallest unit of Equine Residence.

The tenure type for Meta Residence, Equine Residence, and Linq Kinrara Uptown is leasehold, while the tenure type of Akasa Cheras South is freehold. Leasehold units are usually priced cheaper compared to freehold units of the same size and features. Thus, leasehold units are better for higher rental yields with lower capital investment. Meta City Residence is expected to be completed by 2023, whereas Equine Residence and Akasa Cheras would be completed in 2021. The remaining duration to complete the project is approximately 2 years. There is ample time for future buyers to draft their plans and generate ideas for the renovation of their new residence. Based on the fast-growing rate of Seri Kembangan, various developments could be formed in this period, which can increase the chances for the investors to rent out their units for a higher amount due to high demand.

By considering the multiple advantages of this project, Meta City Residence is deemed a very affordable and desirable choice compared to other properties. Besides the working professionals that rely on public transportation, students can also benefit from the transportation mode available in the Seri Kembangan area.

Meta City Residence Developer: Villamas Metacity Sdn Bhd

Meta City is being developed by Villamas Meta-city Sdn Bhd. The parent company of Villamas Meta-city Sdn Bhd is Villamas group of companies. This parent company has a strong record for credibility through the projects delivered such as Cristal Residences, The Andes, Zefer Hill Residence, Serin Residency, and Verde@Ara Damansara. All of Villamas’ homes are designed to appeal to cosmopolitan dwellers and to those who hugely appreciate the new experience of living. This company received the SME 100 Award for Fast Moving Companies in the year 2012 at the Sin Chew Business Excellence Awards.

Summary

As a result, Meta City Residence is a good choice for both residential and investment purposes and can be appealing to a wide range of buyers from different social groups. Meta City Residence is a unique SOHO and serviced residence because of its mixed development concept.