PANTAI DALAM: A mixed development with a gross development value of RM550 million is coming up on a 3-acre site in Pantai Dalam, Kuala Lumpur.
Developed by Ancubic Capital Sdn Bhd, the freehold project is called Cubic Botanical and will have 1,161 serviced apartment units and 20 shoplots housed within two 40-storey blocks.
“Cubic Botanical is inspired by its serene surroundings. The project site is a stone’s throw away from the Taman Rimba Bukit Kerinchi entrance, which is linked to Bukit Gasing. Taman Rimba Bukit Kerinchi/Bukit Gasing is a 200-acre forest reserve and our project is just across the road from the forest,” said Ancubic Capital managing director Datuk B.A. Low.
“We wanted to create a peaceful and green living environment in Cubic Botanical, hence we invested in the landscaping of the common areas, hoping that it will blend in with the surrounding green environment,” he told EdgeProp.my.
“We hope the sounds of birds chirping and of water flowing can be heard when residents return home each day and make them feel that it’s their sanctuary,” Low said.
Cubic Botanical has over 30 common facilities spread over five unique zones called Aqua Paradise, Bird of Paradise, Camellia, Forest and Sky.
Some of the facilities at the project include a swimming pool, fountains, playgrounds, a jogging track, meditation plaza, karaoke room, a games room, BBQ area and gym.
The serviced apartment units come in four layouts with built-up sizes of 518 sq ft (2-bedroom), 650 sq ft (2-bedroom), 805 sq ft (dual key 3-bedroom) and 900 sq ft (3-bedroom). All 3-bedroom units will come with two car park bays while the rest will have one car park bay.
One unique aspect of Cubic Botanical is that it will feature a confinement centre in Block B which will be operated by a sub-sidiary of Ancubic Capital.
“We have an entire floor in Block B to operate a confinement centre and probably a simple medical care centre to cater to elderly residents and female residents undergoing confinement,” said Low.
Besides the confinement centre, there will also be a 5-star full-service kitchen centre.
“While we strictly disallow short-term rentals in Block A, we do not mind investors utilising their units in Block B for short-term rentals. This is why we designed a kitchen in Block B for short-term rental guests to get room service, just like in a hotel,” he explained.
“The selling price psf starts from over RM600 psf, roughly 25% lower compared with neighbouring new projects,” said Low.
“We could afford a lower selling price because Ancubic is a boutique developer with a small team. Everyone is very committed and hands-on. I’m proud that we have a very efficient and professional team, hence we are able to save on operating costs,” he enthused.
Cubic Botanical opened for registration in August last year and opened for sales before Chinese New Year. A pre-launch event will be held this weekend. As at March 19, some 50% of the project has been sold.
“About 10% of our units are targeted at buyers from Hong Kong and Japan and about 70% of these units have already been sold,” Low said.
He believes that the encouraging sales is due to the product type, project location and pricing.
“The project is located between the New Pantai Expressway (NPE) new interchange and a 200-acre forest reserve. Mid Valley City is down the road while KL Sentral is just around the corner. From NPE you can go everywhere,” Low said.
He also believes that the best branding strategy for a developer is to ensure that its buildings are of good quality.
“We use thicker piping to prevent leakage. We also use an anti-cockroach drainage system as well as anti-slip tiles in the bathrooms. We don’t mind investing more in the details as we understand that a building that could stand the test of time is the best branding strategy,” he explained.
Moving forward, the developer is looking to launch a high-rise residential project in Bukit Tinggi, Klang.