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Continue Reading ⋅ 19 February 2022
meta_city is a mixed-use transit-oriented development in Seri Kembangan. It is developed by Villamas Group, and it is a RM1.8 billion project on a 12-acre leasehold site to be developed over 10 years. It comprises four towers on top of a podium, and key components include:
- 2 towers of serviced apartments and Small-office Home-offices
- 1 tower of branded suites
- a hotel
- a corporate/office tower
- a shopping mall at the podium
meta_city offers easy access to the MRT2-Taman Putra Permai Station through a proposed link bridge integrated to the mall. This will provide commuters direct access to the mall, KLCC east, Putrajaya Central and other major townships. The development is the first integrated lifestyle-driven mixed development in Seri Kembangan.
Plans are also being drafted for a convention centre to be integrated into the mall. The developer believes that retail complexes are the way forward for greater Kuala Lumpur. In Seri Kembangan, the developer highlighted that there are no such concept malls, and they are pioneering it.
Address: Meta City Commercial Centre, Jalan Atmosphere Utam, Bandar Putra Permai, Seri Kembangan, Selangor
Property Type:
- SOHO
- Service Apartment
- Hotel
- Office
- Lifestyle Mall
Total Units:
- Tower A residences: 396 SoHo units, 594 serviced apartments
- Tower C branded suites: 320 units
- Hotel: 276 rooms
Tenure: Leasehold
Sales Gallery: No.19-G, Block D, Jalan Atmosphere 7, Pusat Perniagaan The Atmosphere, Jalan Putra Permai, 43300 Seri Kembangan, Selangor
Year of Completion: 2023 (serviced apartment)
Built-up Area:
- Tower A residences: 450 sq ft SoHo units, 659 sq ft – 864 sq ft serviced apartments
Facilities:
Serviced Apartment
- Swimming Pool
- Kids Pool
- Jacuzzi
- BBQ Area
- Gym
- Reading Area
- Playground
- Fitness Station
- Multi-function Hall
Launch Price: From RM280,000 (Tower A service apartments), RM480,000 (Tower B)
Maintenance Fee: About RM0.30 psf for residences
Project Details
meta_city consists of the following:
meta_residence
- LUX SOHO – single layout; low density with hotel-style ambience
- LUX Service Residence – express living style, with more layout choices
- BLIZ – largest layout choices for multi-spacious lifestyles and multi-generational living, created with flexibility and space to grow
- Branded Suites – possibly for short-term rentals
In early June 2019, the group launched Tower A residences at meta_city comprising 396 SoHo units (built-up of 450 sq ft), and 594 serviced apartments (built-up of 659 sq ft to 864 sq ft) with selling price from RM280,000.
The group is looking to launch Tower B – a serviced apartment tower called BLIZ – with unit built-ups from 757 sq ft to 1,230 sq ft, at an indicative selling price from RM480,000. The 1,230 sq ft unit will be dual-key, with multi-generation living in mind. The maintenance fee is about 30 sen psf.
meta_residence’s Tower C, Branded Suite, will have 320 units and will be the last to be launched.
meta_loft
- Aloft Hotel – an international hotel, with WXYZ Bar, a place to mingle over music and drinks
- The 276-room hotel is owned by Starwood Hotels & Resorts Worldwide, which is part of Marriott International
meta_mall
- Lifestyle mall – hub of events, retail adventures and dining delights; a community space with natural accents and open areas
meta_tower
- Corporate office tower – flexible office suites created to attract businesses
The final 25-storey tower will have a hotel and offices. meta_loft, the hotel, will occupy the first 12 storeys, while the remaining 13 storeys will house offices under meta_tower. meta_city will have 4,500 parking bays, 2,000 of which will be for the public.
Location
meta_city is strategically located in Seri Kembangan, next to Putrajaya and Cyberjaya. There are a few universities in the area as well, including Rafflesia International School, Taylor’s International School, and Alice Smith School’s secondary campus.
As the developer sees it, the target market would want a hassle-free and productive lifestyle. They don’t want to spend too much time taking care of a property, while getting things done conveniently. As a shopping mall is part of the development, with additional retail choices in the vicinity, the target market will be able to get things done.
A MRT station is also right at their doorstep, and a covered link bridge will be constructed for easy access to the MRT station. An interchange will also be built that will lead directly to meta_city from the Damansara-Puchong Expressway (LDP).
meta_city offers easy accessibility via several major highways, including Damansara-Puchong Highway (LDP), Putrajaya-KLIA Highway, Puchong-Sungai Besi Highway, North–South Expressway Central Link (ELITE), Maju Expressway (MEX), Kajang Dispersal Link Expressway (SILK), and South Klang Valley Expressway (SKVE).
The development is surrounded by various amenities such as Endah Parade, the Mines Shopping Centre, IOI City Mall, Setiawalk, South City Plaza, and Columbia Asia Hospital. meta_city is also surrounded by mature and well-established townships such as Puncak Jalil, Taman Equine, Taman Pinggiran Putra, and Puchong.
Accessibility
- Jalan Putra Permai
- Maju Expressway (MEX)
- Bukit Jalil Highway
- Kajang Dispersal Link Expressway (SILK)
- Puchong-Sungai Besi Highway
- Putrajaya-KLIA Highway
- North–South Expressway Central Link (ELITE)
- South Klang Valley Expressway (SKVE)
- Damansara-Puchong Highway (LDP)
- Taman Putra Permai MRT station (MRT SSP Line)
Education
- The Alice Smith International School
- Raffles International & Private School
- Taylor’s International School
- Binary University College
- Kingsgate International School
- Lai Meng School
- LimKokWing University
- Multimedia University
- Universiti Tenaga Nasional (UNITEN)
- Universiti Putra Malaysia (UPM)
- Kuala Lumpur Infrastructure University College (KLIUC)
Medical Care
- Columbia Asia Hospital
- Hospital Putrajaya
- Hospital Besar Serdang
Shopping
- IOI Mall
- IOI City Mall
- Alamanda
Recreation
- AEON Equine Park
- Kinrara Golf Club
- Bukit Jalil Golf & Country Resort
Analysis
Due to the rapid development over the years, connectivity to and from Seri Kembangan has improved, especially with the introduction of Maju Expressway (MEX). This has eased travels to the KL city centre (KLCC).
Additionally, with employment opportunities in KLIA and Putrajaya, there could be a spill-over of residents into Seri Kembangan. This is from the strong economy in the area, as well as the many amenities available, such as universities, businesses and more. The development could enjoy good capital appreciation and positive rental yield due to its excellent interconnectivity and wide array of amenities.
Here’s a look at residential properties in, or close to, Seri Kembangan.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
LUX Service Residence by Villamas Group |
Leasehold |
Serviced Apartment |
2023 |
659 sq ft – 864 sq ft |
From RM280,000 |
|
Equine Residence by Beverly Group |
Leasehold |
Serviced Residence
|
2021
|
452 sq ft – 1,264 sq ft
|
From RM260,000 |
|
Zenopy Residences by LBS Bina Group Bhd |
Leasehold |
Serviced Residence
|
2021
|
823 sq ft – 2,031 sq ft
|
From RM413,100
|
|
The Linq Kinrara Uptown by Gabungan AQRS Berhad |
Leasehold |
Condominium
|
2018 |
650 sq ft – 1,260 sq ft |
From RM357,500
|
|
Milenia Residenz by Alaf Cahaya Development Sdn Bhd |
Leasehold
|
Serviced Apartment
|
2019 |
823 sq ft – 1,114 sq ft |
From RM400,000 |
|
Park Residence @ Sunway Eastwood by Sunway Property |
Leasehold
|
Semi-detached
|
2017 |
3,193 sq ft – 4,142 sq ft
|
From RM2,143,000 |
Summary
meta_city is a development by the Villamas Group. Other projects by them are The Andes, Cristal Residences, Verde@Ara Damansara, Zefer Hill Residence, and Serin Residency. They aim to transform Seri Kembangan further, to be on par with areas such as Cheras, Puchong, and Sungai Buloh.
There could be job opportunities in the surrounding areas, and demand for services catering for the needs of students.
For a unit at meta_residence priced at RM300,000, the monthly repayment is approximately RM1,069. This is based on:
- LTV / margin of finance: 90% (10% down payment)
- Loan amount: RM370,000
- Loan term: 35 years
- Interest rate: 3.2%
These calculations are based on the PropertyGuru Home Loan Calculator.
* Assumptions: No other monthly debt obligations, with 30% of gross income to be spent on the loan
To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
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