Nucleus, Mutiara Damansara

Nucleus (also known as Nucleus @ Mutiara Damansara) is a new addition to the vibrant Mutiara Damansara development. Situated just a stone’s throw away from the established The Curve, Ikano, IKEA and Tesco, it is an integrated development comprising of corporate offices, serviced apartments, SOHO and retail outlets on a 10-acre freehold land.

Nucleus is planned to have a total of 1.4 million sq ft which consists of corporate office, serviced apartments, Soho and retail outlets in the 8 blocks of high-rise towers and 1 low-rise block.

Mutiara Damansara has proven itself to become a sought-after gold mine for investors and a highly sought-after real estate area within less than a decade. The area is well planned with almost every type of properties from retail malls to hypermarkets to entertainment mall to corporate offices to terraces and bungalow lots. Adding to the list, Boustead is currently busy with CurveNX (which will house Kidzania) and a hotel development. Other commercial developments in Mutiara Damansara include, Surian Tower, and The Curve.

The area is connected by 5 access routes that enable motorists to head over to Mutiara via Persiaran Surian, Damansara-Puchong Highway and Sprint Highway. However, due to massive commercial activities here, traffic congestion is quite a norm during rush hours. To resolve this matter, the developer is planning another route from the roundabout beside Ikea to access Damansara-Puchong Highway. Besides that, there are also plans to develop LRT line from Cheras to Kota Damansara, and passing through Mutiara Damansara.

Property Details

• Name: Nucleus (also known as Nucleus @ Mutiara Damansara)
• Address: Jalan PJU 7/2, 47800 Mutiara Damansara, Selangor
• Developer: Mutiara Rini (a subsidiary of Boustead)
• Completion Date: 2011
• Type: Mixed (Corporate offices, serviced apartments, SOHO and retail outlets)
• Tenure: Freehold
• of Storey: Up to 12
• of Bedrooms: Studio
• of Bathrooms: 1

Analysis

So far, the developer is very quiet about the launch of Nucleus even though the news has been the talk of the town since last year. Some investors claim that the service apartment and Soho will be launched at RM1,000 psf – based on Surian Residences launch price at RM600 psf, and its location which is within walking distance to Mutiara Damansara commercial hub and the proposed LRT factors.