Global New Developments
Juwai Commercial
Juwai LUXE
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We are Delighted to propose herewith an Investment Opportunity in Tetris Apartments for your Kind Consideration.
Tetris Apartments is a development by our subsidiary Company BTS TwinTrees Sdn Bhd comprising of 138 units of purpose built student accommodations. A concept Apartment situated in the Heart of Semenyih, Selangor which offers both elements of Comfort and Creativity. Amid its planning stages, many associated its facade with the classic video game 'TETRIS'. Here are some key facts regarding this development:
The development sits on a Prime Leasehold commercial land (Lot 29148) measuring 12,194 sq m in Taman Tasik Semenyih, adjacent to a 20 acre lake garden and strategically located in close proximity to the University of Nottingham Malaysia Campus. The lease expires on 5th November 2094.The development consists of Three Blocks of four storey purpose built apartments to accommodate the students and staffs of University of Nottingham Malaysia Campus. It comprises 138 units of furnished studio and duplex apartments spread across three blocks spanning from 205 sq ft. to 721 sq ft. with a total built up area of 3,825 square meters (41,172 sq ft.).Tetris Apartments have been enjoying 100% occupancy with an annual gross revenue of over RM900,000.We are offering to sell this very well maintained development at RM21 million. The offer price is about 20% below its replacement value of RM25 million.There is a proposed 300 beds private hospital project on another 2.66 acre commercial land (just a mere 150m from Tetris Apartments) sold by us at RM105 psf.
Tetris Apartments is strategically adjacent to :
A) Taman Tasik Semenyih, a 212 acres matured and populated township with more than 1,300 units of mixed development properties,
B) The University of Nottingham Malaysia Campus with approximately 5,000 student populations
C) Diamond City; a 258 acre joint development by Country Gardens and Mayland,
D) Eco Forest Development; a 515 acre development by Eco World,
E) Mutiara Hills@Semenyih; a 1400 acre development by Boustead Group,
F) Setia Mayuri, a 200-acre Balinese enclave by SP Setia
G) A proposed 300 beds private hospital will be built just 150m from Tetris Apartments
There is also the RM1.55 billion East Klang Valley Expressway (EKVE) which is under construction and expected to be completed soon which will make accessibility to Ampang very convenient.
Tetris Apartments is expected to provide a steady gross rental yield of approximately 4.4% p.a. and provide the potential investor an opportunity to own a strategically located prime leasehold commercial land which is fundamentally worth much more and with great potential for capital appreciation and redevelopment due to the rapid development in the area.
The plot ratio for Tetris Apartments land (commercial land) is 1:4, maximum developable space will be 525,000 ft2 on 12,194 m2 of Tetris Apartments land (subject to local authorities' approval). There are therefore rooms for further development for higher rental yield as Tetris Apartment currently only has a gross floor area of 56,300 ft2.
You can find more information about Tetris apartments on our website at www.btstetris.com and you can also visit our official business page on Facebook @tetrisapartments.
Thank you
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Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.
