A majestic masterpiece of Picasso Residence

Inspired by Pablo Picasso, one of the greatest and most influential artists of the 20th century, Picasso Residence offers a contemporary architectural facade that provides a spectacular view of the Petronas Twin Towers and the beautiful skylines of Kuala Lumpur. This majestic masterpiece is more than just a home; it's a work of art designed for those who appreciate fine living and a sophisticated urban lifestyle.

As of August 2024, the Picasso Residence project has an absorption rate of 78%. This is based on 367 units sold out of a total of 472 units, with 105 units remaining according to data from the Housing and Local Government Ministry (KPKT). The absorption rate indicates how many units have been taken up by buyers so far. The average transacted price for non-landed homes around Picasso Residence in 2024 was RM467,000, which indicates a steady market uptake for the project.

Picasso Residence's indicative price range falls between s positioned in the luxury segment of the market, with prices starting from RM 1,150,260 to 3,980,200.00. This reflects a range of layouts and sizes to suit discerning buyers.

The distribution of prices for units at Picasso Residence shows a wide spread within the luxury condominium segment. Most units are concentrated in the lower-to-mid luxury range, with a notable cluster priced between RM 1.15 million and RM 1.6 million. The availability of units tapers off in the upper price brackets, though there remains a selection of premium layouts exceeding RM 3 million, catering to buyers seeking larger floor plans or exclusive views.

Buyer Considerations for Picasso Residence

Picasso Residence positions itself as a high-end offering in Kuala Lumpur’s condominium market, with an entry price that is competitive when compared to nearby peers like Brunsfield Embassyview. For buyers, the key appeal lies in its blend of luxury specifications, diverse layouts, and a strategic location that places it within reach of key city destinations. However, the reported average transacted price of RM 467,000 appears inconsistent with the project’s actual minimum unit price of RM 1.15 million, suggesting prospective buyers should rely on official pricing data rather than secondary or outdated figures. While the lower entry point relative to some competitors may be attractive, buyers should weigh factors such as ongoing maintenance costs, the positioning of units within the tower, and the resale potential within a niche luxury segment.

Location & Connectivity

Strategically situated within Kuala Lumpur's Golden Triangle, Picasso Residence is just 3 km from the Kuala Lumpur City Centre (KLCC), providing residents with easy access to the city's key business and lifestyle hubs.

Public Transport: Accessible to the Jelatek LRT station located just a 5-minute walk away, also to the Kelana Jaya Line and other nearby stations include Dato' Keramat LRT and Damai LRT.

Major Highways: Ampang-Kuala Lumpur Elevated Highway (AKLEH), Duta-Ulu Kelang Expressway (DUKE), and the Middle Ring Road 2 (MRR2) to various parts of the Klang Valley.

Nearby Amenities: 

• Shopping : Great Eastern Mall and Suria KLCC
• Schools : The International School of Kuala Lumpur (ISKL), Sayfol International School
• Hospital : Gleneagles Kuala Lumpur.

Project Details
Picasso Residence features two 38-story towers designed to provide luxurious and private living spaces. Buyers can choose from layouts with built-up areas starting from 1,013 sq. ft. and a choice of 2 to 3+1 bedrooms. The project's layouts, including dedicated dual-key units, offer a form of flexible living that caters to various family sizes and needs, such as multi-generational living or investment purposes. Each unit also comes with a private lift lobby, ensuring a high level of exclusivity and security for residents.

Key project highlights:

• Project Name    : Picasso Residence
• Developer Name : Premier De Muara Sdn. Bhd.
• Property Type    : Non Landed
• Sub-property Type : Flat
• Completion Year : 2029
• Price From : RM 1,150,260
• Tenure    : Leasehold
• Number of Units Sold    : 367
• Total Units : 472
• Absorption Rate : 77.75%
• Project Stage    : Launched

Facilities 

• Sky Pavilion
• Sky Lounge
• Games Room
• Garden Swing
• Hammock Garden
• Yoga Deck
• Sky Deck
• Sky Park

Lifestyle 

• An extensive pool area
• A fully equipped gymnasium
• Children's playground
• Sauna
• Jacuzzi

Standout features

Picasso Residence is a masterpiece that expertly blends art, architecture, and function. Inspired by the influential work of Pablo Picasso, the project's contemporary facade and unique design offer a spectacular view of the Petronas Twin Towers and the Kuala Lumpur skyline. Its status as a Transit-Oriented Development (TOD), with a 5-minute walk to the Jelatek LRT station, is a primary strength. The project perfectly blends a high-end aesthetic with a focus on urban function, making it a truly desirable address.

Pricing & availability

• Unit Types: The units range from 2+1 bedrooms to 3+1 bedrooms and exclusive dual-key layouts.
• Layouts: Starting from 1,013 sq. ft.

Lifestyle & community

Picasso Residence is perfect for urban professionals, young couples, and families who desire a luxurious and highly connected city lifestyle. It's a secure and vibrant community in the heart of Kuala Lumpur's Golden Triangle. The project fits perfectly into the bustling urban picture, offering a distinctive blend of artistic living and metropolitan convenience.