Thursday, March 24, 2011

Bandaraya's 6Capsuare

6Capsquare is going to be BRDB's 2nd condo on their flagship Capsquare located at this locality, which is like an island flanked by the green Bukit Nanas on one side, the seedy Dang Wangi and vibrant Masjid India on another side. For a very long time, the commercial Capsquare mall has not really taken off. The place has a cinema, some shops and chic bars and cafes but business has not been fantastic from the looks of it. Clark Hatch also has a gym here.

But is this all going to change? From the way BRDB is pricing their latest project, the 6Capsquare, it seems they are quite optimistic about it. Among some notable changes, is a brand new Grade A office tower built on Capsquare. As usual, the smaller 1br units which is priced from RM850k have all been snapped up (by staffs and directors of BRDB?) and sales for the bigger units, nothing less than RM1.2million are expected to pick when they go on a roadshow later this quarter.

Typically there are 8 units on each block, served by 4 lifts and 2 service lifts. Unlike nearby St.Mary, almost all units enjoy excellent forever unblocked views of KLCC or the greens of Bukit Nanas and Bukit Tunku or the vibrance of Masjid India.

Also, unlike St. Mary, the layout of the units are also incredibly liveable. Every unit comes with a wet and dry kitchen, suitable for an Asian lifestyle and at least one bathroom has a window with a view.

I especially like the corner Type D1 which has a nice almost wrap-around balcony to enjoy that fantastic view. It is however a pity that the architect chose to have both bathrooms located inside the bedrooms so it is not that convenient to have guests over for dinner...

So, how is this place going to do against the competitors?

I think as long as Capsquare can be raised into a destination on it's own, in the near future, there will be a potential. The problem is, it is suffering from a too near to walk and too far to drive syndrome. For example, St.Mary and Vipod has Pavilion, the Raja Chulan/Sultan Ismail business district and commercial Bukit Bintang as neighbours. The KLCC condos obviously have... well... KLCC and that huge park... and the Bukit Ceylon posse has Changkat. So, how can 6Capsquare justify that kind of KLCC pricing? For what you have to wait 3 years of construction for, you can get an immediate move in unit at Marc or Idaman Residence. And I doubt expats paying close to RM8k to RM10k rental would like to get lost in Masjid India or venture into any of the neighbouring LRT stations as proven by the lacklustre K Residence. And crossing the road to go clubbing at Maison may get oneself robbed...

But, price and location aside, I like this 6Capsquare. It is that "liveability" factor, the nice layout and good views. So, for long term keep and own stay, it's OK especially with the Residential Title unlike most of the city center developments these days all sitting on commercial title. However for investment, it would be tough competition especially with the steep outlay to stay afloat.

Pics courtesy of BRDB's capsquare brochure....

1 comment:

Anonymous said...

cannot make it