Arte S
Arte S, a lifestyle development project by Nusmetro along Jalan Bukit Gambier, Penang. It is located next to Ivory Plaza, comprises two residential towers sitting at the base of Bukit Gambier. Climbing to 49 storey’s, it will be the tallest on the island offering spectacular ocean views from the upper levels of its eastern elevation whilst the Western facade looks onto the jungle covered mountain.
- Tower A: SOHO (76 units), Service suites (75 units)
- Tower B: SOHO (250 units)
Location : Bukit Gambier, Penang
Property Type : Service Suites / SOHO
No. of Storey: 27 Storey (Block A), 49 Storey (Block B)
Developer : Nusmetro City
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Categories: Bukit Gambier
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@Wayne
Marie did talk about the pros and cons of the project. If you were to read through the entire post. She mentioned that there is minimal appreciation because the project will be dense, 400 over units on a 2.5 acres land. Bad swimming pool design, hazardous for kids. Bad layout design. She also did mention that their own friends bought the first 7 floors for RM530/sft.
From my view point she actually did an extensive research and analysis on this project. Pretty through all.
I myself find this project expensive. RM700-RM800/sft for Bukit Gambier. Might as well buy Tg Tokong Seri Tanjong Pinang area for this price. Fettes Residences is going for RM600/sft. Brezza RM550/sft, Marinox RM600/sft, Jazz was going for RM650/sft. Different standard and class of lifestyle from Bukit Gambier. If you are paying so much for a small condo might as well live in an area where the elite lives right….location wise Tg Tokong is so much better. Not to mention after the elections E&O will be reclaiming 760 acres of land. That means in terms of appreciation Tg Tokong will be more, the long term growth is there. The existing Seri Tg Pinang township is only 260 acres. So can you imagine they have yet to reclaim 760 acres! I will certainly put my money up north. Rental returns will be much better from the expats and elite class.
Anyone interested please drop me a message.