Curvo Residences is the final residential phase of the first integrated development in Setapak, SkyArena.
Continue Reading ⋅ 30 January 2023
Coming up in the matured neighbourhood of Brickfields is Riveria City, a Transit Oriented Development (TOD) by Titijaya Land Berhad, Bina Puri Sdn Bhd and Prasarana Integrated Development Sdn Bhd. The development will comprise of studio units that are sized between 225 sq ft and 900 sq ft, totalling 2825 units. The homes will be spread across 4 blocks of 45 storeys, and is expected to be completed by the year 2023. Sited on commercial titled leasehold land, the launch price of this development starts from RM325,000.
Address: Off Jalan Sultan Abdul Samad, 50470 Brickfields, Kuala Lumpur, Wilayah Persekutuan
Property Type: Studio
Land Title: Commercial
No of Storeys: 45
No of Blocks: 4
Total Units: 2825
Tenure: Leasehold
Site GPS Coordinates: 3.129999, 101.690043
Expected Date of Completion: 2023
Built-up area: 225 sq ft – 486 sq ft
Facilities:
- Barbecue area
- Function lawn
- Swimming pool
- Wading pool
- Gym
- Games room
- Surau
- Playground
- Taichi area/reflexology
- Jacuzzi
- Reading room
- Nursery
- Changing room
Launch Price: From RM325,000
Price psf: From RM1,400 per sq ft
Maintenance Fee psf:
Special Features:
- Transportation hub (Transit Oriented Development)
Project Details
Riveria of Brickfields is going to be a massive project that will have a total of 2825 units. The land area allocated to the project is as spacious at 11.39 acres. There will be a total of 4 blocks housing the units, with each block standing 45 storeys tall. The studio apartments will carry a commercial title, and the development will be built on leasehold land.
There will be only two different unit types for buyers to choose from, Type A that are studio units of 1 bathroom and 250 sq ft, and the second unit type is Type B which will carry built-ups of 486 sq ft. These units are also expected to be quite cosy with 2 bedrooms and 2 bathrooms.
|
Unit Type |
Built-up |
No. of Rooms |
|
Type A |
250 sq ft |
Studio + 1B |
|
Type B |
486 sq ft |
2R,2B |
Residents of Riveria will get to enjoy several well thought of facilities. Among the facilities they will get to enjoy is the swimming pool and barbecue area, as well as the games room and gymnasium. Residents with children will be able to put their children in the in-house nursery, and for children are the playground and wading pool. For relaxation, there is also a Jacuzzi and reading room, and for larger events residents will be able to utilise the function lawn.
The average selling price for Riveria starts from an average per sq ft price of RM1,400, while the cheapest unit is priced from RM325,000. The project is estimated to be completed by the year 2023.
Location
Riveria is an aptly named development that sits on the riverbanks of the Klang River. Overlooking the river, Riveria will be located within the borders of Brickfields. Riveria will enjoy a highly strategic location with high visibility from the Federal Highway and within the neighbourhood as well.
The key selling point of Riveria is its connectivity to KL Sentral, the largest transportation hub of Kuala Lumpur where almost all the trains and busses stop at. It is also within walking distance to the Tun Sambathan monorail station. But aside from public transportation, Riveria is also seamlessly connected to the main highway of Klang Valley – the Federal Highway via Jalan Syed Putra.
Riviera enjoys access to many of the top amenities in the city, especially educational institutions. Literally across the river is one of Malaysia’s top Chinese medium schools, Kuen Cheng High School; and just a short distance from there is the Alice Smith School Primary Campus. Among the other schools that are within a short drive of Riveria is the SJKC Jalan Davidson, Methodist Boy’s School (MBS) Kuala Lumpur, and Tsun Jin High School.
Entertainment spots are also not far from Riveria, with the closest being the Mid Valley Megamall that’s mere minutes away. Then closer to the heart of Kuala Lumpur is Sungai Wang and Berjaya Times Square for everyday shopping and Suria KLCC, Fahrenheit 88 and Pavilion for more luxurious shopping. Closer to home is also the Nu Sentral Mall that is within walking distance.
Analysis
As can be seen below, Riveria plays up hugely on the fact that it is a Transit Oriented Development within walking distance of KL Sentral. Its prices per sq ft is considerably higher when taking into account the number of units that are being built per development.
|
Name |
Tenure/ Land Title |
Total Units |
Price (per Sq. Ft.) |
|
Riviera |
Commercial/ Leasehold |
2825 |
1.400 MYR |
|
The Establishment |
Commercial/ Freehold |
620 |
1.300 MYR |
|
Sentral Residences |
Commercial/ Freehold |
752 |
1.100 MYR |
Summary
Despite its high density and high price per sq ft, property buyers are still interested in the Riveria City – but as property investors. Sales of the project are said to have been explosive, and Riveria is deemed to be one of the best investment projects in the Klang Valley.
