Nidoz Residences

PETALING JAYA (Aug 28): Exsim Group of Companies through its subsidiary Aspire Causeway Sdn Bhd is looking to launch Nidoz Residences @ Desa Petaling by the end of the year.

Exsim head of marketing and corporate communications Michelle Siew tells City & Country that this is the group’s biggest project, in terms of gross development value (GDV) and the number of units, and will occupy 7.8 acres of leasehold land near MBO Cinemas Desa Petaling.

The development is accessible via the North-South Expressway, New Pantai Expressway, Kuala Lumpur-Seremban Expressway and Shah Alam Expresway.

It is part of a joint-venture project with Yayasan Wilayah Persekutuan, which will include a Rumah Mampu Milik Wilayah Persekutuan housing scheme and a condominium project called D’Nuri Residences.

D’Nuri Residences, which will comprise 500 units, is set for launch by the end of the year. Meanwhile, the RM1.3 billion condominium project — Nidoz Residences, will comprise 1,305 units in four 40-storey blocks.

The units come in two sizes — 1,219 and 1,403 sq ft. With configurations of 4+1 and 5+1 bedrooms, the units will be equipped with a washer, dryer, hood and hob, refrigerator, oven, air conditioner, water heater, wardrobe and kitchen cabinets.

Each unit also comes with two parking bays. The selling price starts at RM774,100 or RM600 psf.

“This project is targeted at upgraders from the surrounding areas, such as Cheras, Kuchai Lama, Sri Petaling and Bukit Jalil, who are looking for landed homes but don’t have much to choose from.

“We do see a slowdown now but the impact is not very significant. People are still buying so they just have to be the right products. Developments that focus on end-users’ needs will not go wrong as these people really need a property,” says Siew.

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This is an excerpt of the report in the Aug 29, 2016 issue of City & Country, the property pullout of The Edge Malaysia. Subscribe here for your personal copy.

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