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Property Insights & Reviews : The Meritz

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The Meritz

1 for Sale

0 for Rent

Freehold

F/H

The Meritz is a high rise residency strategically located right opposite the Petronas Twin Towers, or well-known as KLCC. It was developed by renowned DNP Tanahniaga which is the subsidiary of DNP Holdings. Basically, it offers 2 types of units to choose from. One that is measuring at about 1,400 sf, and consists of 2 rooms. Another one is measuring about 1,500 sf, and comprises of 3 rooms. Additionally, there are another four units of duplex penthouses, which also consist of 3 rooms each. The Meritz that soars at 31-storey high comprises of 6 levels of parking lots, 2 levels of common facilities housing its facilities including swimming pool, Jacuzzi, gymnasium, function room and sauna. The rest of the storeys are residential units which each consisting of 5 units per floor.The Meritz is well-located in the centre of Kuala Lumpur hub. Within walking distance, residents can reach renowned KLCC and almost all public transportation hubs available in Malaysia including Putra LRT KLCC, bus and taxi. Moreover, for golf enthusiasts, there Royal Selangor Golf Club located just within 3 kilometers. For kids' education, there are Fairview International School, Sayfol International and Alice Smith International School located nearby. In term of access roads, residents of The Meritz can access to Jalan Mayang via Jalan Ampang and Jalan Kwan Yap Seng. Motorists can use Ampang-KL Elevated Highway (AKLEH) from Jalan Tun Razak to get to Ampang and also take benefit of Jalan Tun Razak to go south to Seremban, Putrajaya and Cyberjaya or heading north to Petaling Jaya, Mont Kiara, Bangsar and Klang.One should never worry about amenities and facilities while living in The Meritz. One can always take a 3-minute walk to Avenue K and Suria KLCC to have everything from fancy dining to everyday groceries need. Besides Suria KLCC, there are several more shopping heavens within reach including Pavilion KL, Lot 10, Starhill Galery, KL Plaza, Sg Wang Plaza, Times Square and BB Plaza. In addition, there are also a number of clubs and bars located nearby around Jalan P. Ramlee such as The Beach, Nouvo and Zouk to name a few.

Property Details

Name: The Meritz

Address: Jalan Mayang, Ampang, Kuala Lumpur

Developer: DNP Tanahniaga (a subsidiary of DNP Holdings)

Completion Date: April 2008

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 31

No. of Units: 110

Maintenance Fee: RM0.45 psf

Launch Price: RM750 psf

Subsale Price:

Rental:

Layouts

Standard (1,076 - 1,529 sf)

Penthouse (2,669 - 3,412 sf)

Facilities

25m lap pool

Jacuzzi

Sauna

Gymnasium

Barbecue area

Internal and external children’s playground

Function room

Market Trends

Latest transaction in The Meritz, KLCC

SPA Date	Address	Size	Price
01/11/2017	X-X-XA, JALAN MAYANG	1130 ft²	1100000
02/09/2017	X-X, JALAN MAYANG, OFF JALAN AMPANG	1389 ft²	1320000
18/07/2017	X-X-X, JALAN MAYANG, OFF JALAN AMPANG	1389 ft²	1450000
18/05/2017	X-X-X, JALAN MAYANG	1367 ft²	1350000
17/03/2017	X-XA-XA, JALAN MAYANG, OFF JALAN AMPANG	1130 ft²	1170000

Analysis

The developer, DNP Holdings is an experienced developer and had built numerous developments from residential to commercial centers and mixed developments in Malaysia region. DNP Holdings is the Malaysia wing for the famous Wingtai Asia Holdings majoring in property, hospitality and garment industry in Malaysia. Wingtai Asia Group has also step its foot in Hong Kong and Singapore, via USI Holdings for Hong Kong region and Wing Tai Holdings for Singapore region. Among the company achievements in Malaysia are Kondominium 8 in Ampang Hilir, Taman Bukit Minyak Indah, and Plaza DNP in Johor Bahru. Although The Meritz is strategically located opposite of KLCC, units which currently enjoying fascinating views of the twin towers will soon be gone, as there will be a new development on the plot in front of The Meritz that will eventually block all KLCC views. With all construction works, the residents will suffer bad air quality with dusts covering the facilities, bedroom windows and balconies as well as noise pollution.In terms of The Meritz layout, the 3-room apartment does not emphasize on expansive living space. The master bedroom is relatively quite small and cannot fit a full set of wardrobe. Meanwhile, its second and third bedrooms are well-sized and share a non-attached common bathroom. Besides that, the unit has full height windows but not offering large view at its dining and living. The unit also does not consist of a wet kitchen even though it is fairly-sized. Plus, its yard is very small and can only be placed with a washing machine. Also, the utility or maid room is very small and cannot be fitted a decent bed. As for the 2-room apartment in The Meritz, which is about 1,400 sf, the layout is much better proportioned. It comprises larger living dining and master bedroom which are comfortable. However, the large spaces are traded with smaller kitchen, yard and utility room areas. Another problem for residents of The Meritz is each unit only comes with a single parking bay, which the developer required its purchaser to purchase for RM40,000 each. Also, each unit is only eligible to purchase a single parking bay. Therefore, if you have more than a car, you have to find other solution to park elsewhere. Since the launch date of The Meritz in April 2005, the price had appreciated after its completion, and then depreciated in 2009. It was launched from about RM750 psf and doubled to RM1,050 psf upon its completion. However, the price depreciated to RM820++ in 2009. The volatile market price changes were due to the price push by initial investors and developers when The Meritz was nearing to completion. But due to low in demand, high holding costs suffered by owners due to untenanted units and numerous new high-end residential developments in the prime area, the price fell tremendously. The Meritz is currently priced around RM1,100 psf and the asking price continued rising, for now. Even though numerous initial investors have made tremendous profits within short period from The Meritz investment, investing in a unit during current market is a risky bet. Most analysts target that most of high-end residential developments around KLCC will suffer badly from current economy downturn, and this include The Meritz.

The Meritz是地理位置优越的高档住宅，面向国油双峰塔，以及知名的KLCC。它由DNP控股的子公司，即著名的DNP Tanahniaga开发。基本上，它提供了2种单位供选择。一个实用面积约1400平方尺，有2个房间；另一种是约1500平方尺，有3个房间。此外，还有另外4个复式阁楼单位，每个都有3个房间。The Meritz楼高31层，包括6层为停车场，2层共用设备，包括泳池、水力按摩池、健身室、多功能厅和桑拿。其余楼层均为住宅单位，每层有5个单位。The Meritz策略性地位于吉隆坡中心枢纽。居民可步行到达著名的KLCC，这里也是公共交通枢纽，包括KLCC轻快铁站、巴士车站和德士车站。此外，对于高尔夫爱好者来说，皇家雪兰莪高尔夫俱乐部位于仅3公里之内。致于教育院校，附近还有Fairview国际学校、Sayfol国际学校及Alice Smith国际学校。道路网络方面，The Meritz居民可以通过Jalan Ampang和Jalan Kwan Yap Seng往来Jalan Mayang。驾驶者可以使用安邦—吉隆坡高架大道（AKLEH），从Jalan Tun Razak去安邦，或往南方的芙蓉、布城和赛城，或向北方到八打灵再也、满家乐、孟沙和巴生。住在The Meritz，人们不必担心设施和设备。只需步行3分钟路程，就能抵达Avenue K和Suria KLCC，获取一切从高级餐饮到日常杂货的商品和服务。除了Suria KLCC购物中心之外，还有几个购物天堂都在咫尺之遥，包括Pavilion KL、Lot 10、Starhill Galery、KL Plaza、金河广场、Times Square及BB Plaza。此外，Jalan P. Ramlee周边也有一些夜店和酒吧，如The Beach、Nouvo及Zouk等。产业资讯一览名称: The Meritz地址: Jalan Mayang, Ampang, Kuala Lumpur发展商: DNP Tanahniaga (DNP Holdings子公司)竣工日期: 2008年4月类型: 公寓产权: 永久地契建筑物: 1栋层数: 31层单位数目: 110管理费: RM0.45/psf 推介价: RM750/psf转售价: RM780,000-RM3,100,000租金: RM3,400-RM8,500户型设计标准（1076 – 1529 sf）阁楼（2669 – 3412 sf）设备25米泳池按摩浴池桑拿健身室烧烤区室内和室外儿童游乐场多功能厅

Market Trends

Latest transaction in The Meritz, KLCC

SPA Date	Address	Size	Price
01/11/2017	X-X-XA, JALAN MAYANG	1130 ft²	1100000
02/09/2017	X-X, JALAN MAYANG, OFF JALAN AMPANG	1389 ft²	1320000
18/07/2017	X-X-X, JALAN MAYANG, OFF JALAN AMPANG	1389 ft²	1450000
18/05/2017	X-X-X, JALAN MAYANG	1367 ft²	1350000
17/03/2017	X-XA-XA, JALAN MAYANG, OFF JALAN AMPANG	1130 ft²	1170000

分析发展商DNP控股是一家经验丰富的发展商，在大马地区完成了不少建设项目，从住宅到商业中心和综合发展项目皆有。DNP控股是Wingtai Asia控股的臂膀公司，后者的业务涉及产业、酒店业及服装业。Wingtai Asia的业务也遍布香港和新加坡，通过USI控股进入香港地区和Wing Tai控股进入新加坡区域。该公司在大马的建设项目包括Kondominium 8（Ampang Hilir）、Taman Bukit Minyak Indah、及Plaza DNP（新山）。虽然The Meritz地理位置优越，面向KLCC，单位居民目前观赏的双峰塔迷人景色很快就会消失，因为The Meritz前面会有新的发展项目，最终将阻挡所有KLCC的景观。工程在执行过程中，意味着居民寓所的设备、卧室的窗户和阳台，将遭受灰尘覆盖，以及承受恶劣空气质量和噪音污染之苦。在The Meritz的户型设计方面，3房公寓并不强调广阔的生活空间。主卧室相对比较小，不适合全套衣柜。同时，第二和第三间卧室大小适中，必须共用浴室。除此之外，公寓单位有全高的窗户，但在其饭厅和客厅并没有提供宽广视野。该单位也没有给予湿厨房，即使它面积相当大。此外，它的院子很小，只能放一台洗衣机。此外，杂物室或佣人房间很小，不能安装一张像样的床。至于The Meritz的2房公寓，面积约1400平方尺，均匀的设计要好得多，它包括大而舒适的客厅、饭厅和主卧室。然而，大空间付出的代价是较小的厨房、院子和杂物间。The Meritz每单位只分配1个停车位，而且发展商还要求业主以RM40,000的价格购买额外车位。此外，每单位只限购1个停车位。因此，如果你有超过一辆汽车，就必须寻找其他解决办法。自从The Meritz于2005年4月推介，价格也在竣工后上涨，接着在2009年贬值。它的推售价约每尺RM750，并在落成时翻了一番，达到每尺RM1,050。不过在2009年，价格贬值至大约RM820。动荡的市场价格变化，是由于The Meritz接近完成时，初始投资者和发展商推高了价格；但由于低需求，单位空置和该黄金地段涌现许多新的高档住宅项目，业主承受太高持有成本，导致价格大幅下跌。The Meritz目前售价约为每尺RM1,100，询问价格持续上涨，这是现在的情况。尽管众多的初始投资者已经从短期内取得了巨大的利润，但当前的投资气氛，这个楼盘是有投资风险。多数分析师的预测是，大多数围绕KLCC的高档楼盘将因当前经济低迷而严重受挫，这包括The Meritz。