Meritz KLCC

January 22, 2014 — 1 Comment

Life is all about choices. When choosing for the best place to live that offers both convenience and luxury, The Meritz KLCC is definitely one of Kuala Lumpur’s premier choices. Located about 500m (or within a 10 minute stroll) from Kuala Lumpur’s prestigious Petronas Twin Towers and adjacent to K Residences, Meritz is ideal for property-seekers or home buyers who would want to live in a condominium unit for the long-term. Being one of the more expensive condominiums in Kuala Lumpur (and nay Malaysia) even by KLCC standards, Meritz firmly establishes itself in the upper tier.

Click here
(and scroll down if needed) if you are looking for property (for sale) listings for the Meritz.

DNP Holdings is the prime developer of The Meritz. DNP (a subsidiary of Wing Tai) is a well-respected property developer famous for its developments for both residential and commercial in the Kuala Lumpur region, as well as in Johor. Some notable developments include Kondominium 8 (Ampang Hilir – or more popularly known as the Embassy Row) and Plaza DNP in Johor Bharu.

Meritz KLCC

Meritz KLCC Pricing Details

Meritz’s launch price was at RM750 per sq ft, but this has escalated to breach the “magical” mark of RM1,000 per sq ft back in 2011. Asking price has allegedly went up to as much as RM1,200 per sq ft in the recent months. Do these people know something that we don’t? 🙂

Given its proximity to K Residence and D’Mayang, it’s inevitable that Meritz gets compared to both in terms of pricing. K Residence’s pricing seems to lag Meritz’s by 5-10% while D’Mayang is at about RM650 PSF levels (which seem fair given its location, age and condition). To determine what’s the “fair” price to pay for a unit here at Meritz, we recommend using GoodPlace.my’s fair valuation guide.

The chart below shows Meritz’s asking prices as compiled from publicly available sources for the past few months. Use it for “trending” purposes; for real estimation of its market value use the valuation guide download.

Insider Gossip

Caution: the content below have not been verified, and should not form the basis for your investment in any way. Thank you for understanding.

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Choices… Choices…

Meritz condo on Jalan MayangThe Meritz boasts of facilities and amenities are beyond world-class, all of which come at a rightly premium price.

The condominium stands tall with its 31 storeys, with only five units occupying a floor. The low density factor is a major purchase driver according to the real estate agents what we regularly speak to; it’s a differentiator which sets it apart from the usual cookie cutter KLCC condominium which is typically built to maximize every inch of premium real estate space in the middle of the city. Not so with the Meritz.

Unit sizes come in two sizes—the first unit measures 1,400 square feet with two bedrooms. The second unit comes with three bedrooms and measure 1,500 square feet. It’s perfect for families and single occupants who would like a taste of luxury while being surrounded in an urban setting.

Four penthouse duplex units are also available at The Meritz. These penthouses come with three bedrooms, perfect for a growing family.

Map & Walkability

The Meritz has got a GoodPlace Walkability Score (GWS) of 94 – which is a superior score even by KLCC standards. To check out what this score means, and to download a free high resolution walkability map, click here.

The interactive map below can be used to check where the closest amenities to the Meritz KLCC are (play around with the icons on the right toolbar).
[poiautomap address=”The Meritz Jalan Mayang Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Meritz KLCC[/poiautomap]

The Perks

If it is fun and convenience you are looking for, look no further. The Meritz is almost a stone’s throw away from all that’s happening in the city. Imagine the convenience you’d get—F & B is within walking distance, as well as retail outlets, shops, boutiques, restaurants, and theatres. Public transportation is also accessible within the area. The Putra LRT is also within walking distance.

The Meritz, KLCC

Meritz looking majestic against the cloudy Kuala Lumpur sky

If you need a quick shopping boost, Meritz’s location is heaven-sent. Avenue K and the Suria KLCC is only a quick 3 minute walk from Meritz’s doors. Shopping fanatics would clearly love how near Pavilion KL, KL Plaza, Times Square, and BB Plaza are. Relax and unwind after a long week by heading out to Zouk, located nearby, along the streets of Jalan P. Ramlee.

Facilities and amenities – quite standard stuff, really.

  • Swimming pool
  • Sauna
  • Jacuzzi
  • Function rooms
  • Children’s playground
  • Gym
  • Barbecue area

Our Take

Truly, the Meritz stands out among the rest with its five star facilities and amenities, and its premium (but still reasonable IMHO) pricing will definitely attract a lot of potential high-quality buyers. To take a look at available units at the Merit, give your favorite property agent a call. We are not agents so we can’t bring you to view units. Truth. 🙂 Also, we’d rather not search on property portals because there’s lots of “bait and switch” going on especially when it comes to luxury condominiums like these. You call them up and they say that they don’t have the units and offer you other places instead. Bloody irritating if you’d ask me. So our recommendation – link up with an agent through referral, and ideally someone who is specialized in the KLCC area. Or, get in touch with me and I’ll send you my recommendations. 🙂

[dc]L[/dc]ife is all about choices. When choosing for the best place to live that offers both convenience and luxury, The Meritz KLCC is definitely one of Kuala Lumpur’s premier choices. Located about 500m (or within a 10 minute stroll) from Kuala Lumpur’s prestigious Petronas Twin Towers and adjacent to K Residences, Meritz is ideal for property-seekers or home buyers who would want to live in a condominium unit for the long-term. Being one of the more expensive condominiums in Kuala Lumpur (and nay Malaysia) even by KLCC standards, Meritz firmly establishes itself in the upper tier. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property (for sale) listings for the Meritz. [spotlight role="target"][feature_box title="Listings For Meritz KLCC" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] DNP Holdings is the prime developer of The Meritz. DNP (a subsidiary of Wing Tai) is a well-respected property developer famous for its developments for both residential and commercial in the Kuala Lumpur region, as well as in Johor. Some notable developments include Kondominium 8 (Ampang Hilir - or more popularly known as the Embassy Row) and Plaza DNP in Johor Bharu. Meritz KLCC Pricing Details Meritz's launch price was at RM750 per sq ft, but this has escalated to breach the "magical" mark of RM1,000 per sq ft back in 2011. Asking price has allegedly went up to as much as RM1,200 per sq ft in the recent months. Do these people know something that we don't? 🙂 Given its proximity to K Residence and D'Mayang, it's inevitable that Meritz gets compared to both in terms of pricing. K Residence's pricing seems to lag Meritz's by 5-10% while D'Mayang is at about RM650 PSF levels (which seem fair given its location, age and condition). To determine what's the "fair" price to pay for a unit here at Meritz, we recommend using GoodPlace.my's fair valuation guide. The chart below shows Meritz's asking prices as compiled from publicly available sources for the past few months. Use it for "trending" purposes; for real estimation of its market value use the valuation guide download. [chart csv='http://klcccondominiums.com.my/data/meritzklcc.csv' type='bar' category='Month' value='PSF' format='string, float' color='orange' title='Meritz KLCC Asking Prices (PSF in MYR) - mouseover for details'][/chart] Insider Gossip Caution: the content below have not been verified, and should not form the basis for your investment in any way. Thank you for understanding. [to_like id="1377"][feature_box title="Insider Gossips" title_color="fff" header_color="F5BA47"]The Meritz suffered from price depression shortly after its launch with slower demand and some panic selling from investors (read: flippers) - that was back in 2008 when the financial crisis was in full swing. The asking prices are now consistently above RM1,000 PSF, although upside may be limited with the glut in the Mayang and nearby Hampshire area. There are also some concerns about its amenities which are reportedly below par compared to its neighbours (notably the swimming pool and the limited car parks) - have a first hand inspection if you are interested in a unit (especially if you're planning to live there…

SherpaScore: Meritz KLCC

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Good

Occupying a good location with great walkability, Meritz is a better alternative compared to its neighbour D'Mayang. There are some concerns about its amenities, and yield upside may be limited given the supply in the Mayang and Hampshire area.

User Rating: 3.96 ( 6 votes)
64

Meanwhile, knowing what’s driving the price is important because more often than not the asking price is set arbitrarily by the seller and the agent with no reflection of the fair market value at all. To find out what constitutes a “fair” price for a unit here at Meritz, fill in this form below and we will email you a downloadable, 20-page guide on how to value a property.

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Khai Yin

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Apart from looking at and writing about nice apartments, I enjoy eating out (enchiladas!), working out (#beastmode!) and rocking out (Trivium rules!). My daughters Daphne Wenyi and Chloe Qinyi keep me sane. Visit my other blog at GoodPlace.my :)

One response to Meritz KLCC

  1. Please inform phone no for reception, need to get in contact.

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