M101 SkyWheel’s SoFo units attract over 1,000 potential buyers

By Tan Ai Leng / TheEdgeProperty.com | September 4, 2016 11:00 AM SGT
KUALA LUMPUR (Sept 2): The 1,200 SoFo units of the M101 SkyWheel development, by M101 Holdings Sdn Bhd, have received encouraging response as over 1,000 potential buyers have registered their interest since the project was previewed early this year, said M101 Holdings founder and executive director Datuk Seth Yap Ting Hau.
The M101 SkyWheel development comprises two 78-storey towers and a Ferris wheel, which is 60m in diameter, which will be built on the 52nd floor in between the two towers.
The integrated development will be on a 2-acre site in between Jalan Raja Muda Abdul Aziz and Off Jalan Tun Razak in the Kuala Lumpur city centre. It has a gross development value (GDV) of RM1.5 billion.
Components of the freehold development include the SoFo units, a retail mall, office space and serviced suites, as well as a hotel.
According to Yap, the company will officially launch the 1,200 SoFo (Small Office Flexible Office) units in November this year. The units will have built-up sizes ranging from 400 sq ft to 800 sq ft with estimated selling prices ranging from RM1,200 psf to RM1,500 psf.
He noted that the SoFo units can be used as an office or residence or for short rental accommodation.
“Response has been overwhelming since the preview early this year. We have received over 1,000 registrants showing their interest. Some of them even intend to book the penthouse unit of our Porsche Suites, which is under planning,” he told TheEdgeProperty.com.
The group has partnered with Studio F A Porsche for the interior design of its 96-unit luxury suites which will have an estimated selling price of above RM3,000 psf.
The development also has a 4-storey 200,000 sq ft retail mall, high-end office suites and Asia’s first Planet Hollywood Hotel.
“The construction will start this year after the ground-breaking ceremony. The overall construction will take about six years,” he noted.