Vipod Suites, KLCC

Vipod Suites is the latest condo development in KLCC, set opposite the HL building (previously the Hakka Restaurant). Like its sister condominium complex, Quadro Residences, information about this project is top secret – so secret that renderings of the building cannot be found. As a result, there is varying information about this project. It is being developed by Monoland.

Vipod Suites is set in between KLCC and Pavilion. There are several blocks, which are either between 38 to 41-storey high. There are 3 wings, with 4 lifts (including 1 service lift) serving each wing. There are 367, 418, or 440 units in total and prices start from RM668,000 for 1 bedroom units and RM900,000 onwards for 2+1 bedrooms.

Each floor at Vipod Suites has 11 units, and 5 of them are 2+1 bedrooms that are over 1,000 sf. There is also one 2-bedroom unit and the rest are 1-bedroom units at 653 sf. The floor plan is divided into 3 clusters, and each cluster has 3 to 4 units. If you buy a large unit, you are entitled to buy a small unit which will be allocated to you on the same cluster and same floor so that it is not a mass marketed product.

All units at Vipod Suites come with 1 car park. The 2+1 bedroom units face KLCC, although the lower units may be blocked by the Grand Hyatt and Menara Kia Peng. Facilities here include a sky gym, sky lounge, sky bar, swimming pool, business meeting room, and concierge services. Maintenance fees will be between 35 sen psf.

Free items included in the units are a kitchen cabinet, water heater, air conditioner inverter system in the bedrooms, living room, and dining room; a water heater, hot water piping, whirlpool island bathrubs, designer sinks, kitchen hob and hood, microwave oven, waste disposal unit, and a hot and cold water mixer. Brands used include Toto, Hansgrohe, Soverign, Teka, Toshiba, Schneider, Lifeness, Daikin, and Dedon.

Property Details

• Name: Vipod Suites
• Address: Jalan Kia Peng, Kuala Lumpur
• Developer: Monoland
• Completion Date: 2013
• Type: Condominium
• Tenure: {Tenure}
• Maintenance Fee: Around RM0.35 psf
• Launch Price: From RM668,000
• Subsale Price: {Price Range}
• Rental: {Rental Range}

Facilities

• Ground Floor
• Guarded with perimeter fencing
• Residence reception & lobby
• Concierge services
• Private lift lobby
• Servicemen access & lobby
• Serviced offices & meeting facilities
• Business lounge & bar
• Rooftop (Sky Club)
• Function area
• Garden terrace
• Sky gym
• Sky pool with infinity lap pool
• Sky deck
• Sky bar
• Sky room

Analysis

For the average investor who does not have millions of Ringgit to play around with, Vipod Suites is perfect for those who wish to invest in without having to take out a huge loan or go bankrupt. As it is reasonably priced to compete against other competitors in the market, Vipod Suites has great free high quality finishes that every investor will love ranging from free air conditioners, in-built kitchens, and much more.

As the suites are spread out into clusters with 3+1 lifts, you will only have 2 neighbors. This provides for exclusive and private living. On the downside, lifts in Cluster B actually cannot access the Sky Pool, so depending on how you look at it, there is even more privacy or even less convenience. For those who have bought Cluster B or perhaps are wondering why on earth they have to pay a higher maintenance fee when they do not have direct access to the Sky Pool, the base maintenance fee is RM0.20 which is low for this area.

However, the sky pool and other facilities are optional, and are RM0.15 extra. What is risky is that Monoland will not be handing the Sky pool and other facilities to the JMB. They will also not open it to the public to keep it exclusive. As a result, investing in Cluster B is most likely not worth it. Clusters A and C are better either to rent out or for owner occupation.

The is also rumor that the developer, Monoland, is linked to the infamous Goh Choon Lai from Penang. Goh Choon Lai is famous for swindling residents sinking fund and cutting material costs during construction. Many properties from the developer (N-Park, E-Park, Sunny Ville) have not seen much appreciation, in fact most prices are still below developer’s price, even though the location is perfect.

However, upon further investigation, the real driver behind Vipod Suites is Monoland Corp, who is well known for delivering good quality and high-end properties, such as The Cove super luxury condo in Penang. Hence, it has been confirmed by the developer that this project is not related to Goh Choon Lai at all.