Magma Group launches RM850 mil Wolo Hotel & Residences in Mont’Kiara

KUALA LUMPUR (Aug 4): Magma Group Bhd (KL:MAGMA) property development arm Magma Property Sdn Bhd has launched its flagship mixed-development project, Wolo Hotel & Residences, Mont’Kiara KL, according to a press statement issued on Aug 3.

The group officially announced the commencement of construction for the project during an exclusive gala launch event held at the Dewan Filharmonik PETRONAS on July 31.

Located on a 2.26-acre site along Persiaran Dutamas, the 60-storey single-tower development carries a gross development value (GDV) of RM850 million.

The commercial-titled development comprises a 63-key boutique hotel spanning levels 49 to 56; 98 serviced suite units from levels 40 to 46; and 378 branded private residence units from levels 8 to 39, alongside five retail lots on the lower ground to ground levels and a six-level parking podium.

Magma Group group managing director cum chief executive officer Datuk Seri Thomas Liang Chee Fong said: "Why Wolo? Because We Only Live Once. We believe life should be lived boldly, purposefully and with no regrets while creating experiences that inspire others and leave the world a better place."

"Buildings and designs can be replicated, but never the soul of Wolo. True legacy is not merely about constructing buildings — it is about creating experiences, nurturing emotional connections, and building something worthy of being passed down for many generations to come," Liang added.

Residential and serviced suite unit built-up sizes range from 450 sq ft to 987 sq ft, with selling prices starting from RM876,800 to RM2,180,800, or RM1,680 per sq ft.

Layout configurations offer one-bedroom and one-bathroom layouts for 450 sq ft and 514 sq ft units, two-bedroom and two-bathroom layouts for 606 sq ft units, two-bedroom and two-bathroom layouts with a study room for 780 sq ft units, and two-bedroom and three-bathroom layouts with a study room for 987 sq ft units.

Boutique hotel rooms range between 480 sq ft and 495 sq ft in size, with room rates starting from RM1,300 to RM1,500 per night.

The development's boutique hotel component is set to join the Design Hotels, joining the Marriott Bonvoy portfolio.

The project has achieved a 60% expression of interest rate and has an estimated maintenance fee inclusive of sinking fund of 95 sen psf.

The development is accessible via the Duta-Ulu Kelang Expressway (DUKE) and Jalan Dutamas.

The project is scheduled for completion in the fourth quarter of 2030.

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