M101 Holdings to launch Design Suites by Studio F. A. Porsche in 1Q2017

PETALING JAYA (Feb 4): Design Suites by Studio F. A. Porsche is set to launch in the first quarter, said the developer M101 Holdings Sdn Bhd . The project is scheduled to be completed by 2020.

With a gross development value of RM325 million, the fully furnished units will have built-ups of between 879 sq ft and 1,018 sq ft and are priced from RM3,500 psf.

“These suites are higher-end, and we are targeting a specific set of clientele. Our whole development will have a range of target markets, from the middle-income earners to high-net-worth individuals, in line with our concept of a self-sustaining, ‘horizontal township’,” M101 Holdings chief executive officer Datuk Seth Yap told City & Country in a report dated Feb 6, 2017.

According to the developer, the suites’ aesthetics will be similar to those of M101 Skywheel’s, with signature red stripes, reflective black glass and titanium pedestals.

Each unit will come with high-tech appliances — designed by Studio F. A. Porsche — in the kitchen and entertainment area, among others.

Yap said the suites have attracted a lot of interest from investors in Indonesia, China, the Philippines, Singapore and Kuala Lumpur.

“For the design suites, we are targeting high-net-worth individuals. We plan to invite only selected prospective purchasers to view the units [to maintain their exclusivity] and we will only accept cash buyers,” he said.

Yap added that the developer will continue to focus on M101 Skywheel this year while being constantly on the lookout for opportunities and potential collaborations.

“The M101 series is for Malaysia. Perhaps, in the long run, we may have, for example, the ‘M108’ series in the Philippines. That is our dream — to build our brand and have development blocks in different parts of the world.

“This year, we plan to have roadshows overseas to attract foreign investors. We have partnered the Bank of China in Shanghai to present M101 Skywheel to a select group there.

“Our recent trip to Indonesia has also proved to us that the project is well-received by investors in neighbouring countries,” he added.