Contemporary Italian exteriors and interiors await residents at the Bintang Fairlane Residences, a freehold serviced residence located in Jalan Walter Grenier, tucked behind the Park Royal hotel. The Bintang Fairlane Residences is situated right next to the newly refurbished Lot 10 shopping mall. The serviced residence houses a total of 256 units, and residents have 34 layouts to choose from.
Click here(and scroll down if needed) if you are looking for Bintang Fairlane Residences’ for sale listings.
Serviced residences may be dime a dozen these days, but will Fairlane Residences stack up against the rest of the city condominiums? We take a closer look…
The advantage of a city condominium such as Fairlane Residences is that amenities are easily reached on foot. We have partnered up with GoodPlace.my to license their “Walkability Score” technology to evaluate the walkability of properties. In Fairlane Residence’s case, the GoodPlace Walkability Score (GWS) is 89 (on a scale from 0 to 100, with 100 being the best). For more information on the GoodPlace Walkability Score and to download a free map with details of GWS scores of (almost) all KLCC condominiums, click here.
The our interactive map shown below can be used check where the closest amenities to the Fairlane Residences are (play around with the icons on the right).
[poiautomap address=”Bintang Fairlane Residences Jalan Walter Grenier Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Bintang Fairlane Residences[/poiautomap]
Being located near the always busy and hip district of Bukit Bintang (specifically, the trendy Bintang Walk) will offer modern convenience and recreation to Bintang Fairlane’s residents. Aside from this, the serviced residence is also close to public transport such as the Bukit Bintang Monorail station by foot within a few minutes.
Bars, restaurants, malls, and cafés line up the entire Jalan P Ramlee, a stone’s throw away from Bintang Fairlane Residences. The nightlife is always alive in this area—a luxury nighthounds and those who love to have fun on a weekly basis would enjoy.
Bintang Fairlane Prices
Average for sale prices for the Bintang Fairlane Residences have played around an estimated amount of RM1,100 to RM1,250 per square feet. This makes it slightly higher than the median KLCC apartment range, and it’s arguable whether it’s worth the asking price or not (given the lack of a “brand” which is all the rage nowadays with KL city condominiums. Use this valuation guide to find out what’s the fair price to pay for a unit here at Bintang Fairlane.
The chart below shows the average asking prices monthly as collated by GoodPlace.my’s Pricing Tracker. Note that these are asking prices; for valuation purposes use the valuation guide download above.
Bintang Fairlane is a freehold development developed by Hotel Fair Lane, a subsidiary of Malaysian real estate developer giant Low Yat Group. There are a total of 256 units, and built-up areas among these units start at 495 square feet. Its size can go as large as 1,873 square feet. For its facilities, residents and potential investors may expect typical amenities. There is a 24-hour security system. The Bintang Fairlane Residences also has a swimming pool, a well-equipped gymnasium, a spa, and sky terraces.
The serviced residence is in KL’s Golden Triangle in KLCC. Being the centre of the city, going to and from to almost anywhere is easy. Residents can take Jalan Sultan Ismail to reach Jalan Ampang, Jalan Tun Abdul Rahman, or Jalan Kuching.
It’s easy to be entertained when one resides near Bukit Bintang. The area offers a lot of nightlife, shopping centres, recreational destinations, and pubs. Malls near the serviced apartment include the Suria KLCC, The Pavilion, Lot 10, Times Square, and the Starhill Gallery. All of these establishments are within walking distance.
Pros and Cons
It’s easy to become attracted to the Bintang Fairlane Residences because of its location — convenient and easy to go to. Its location also allows its residents to be in the centre of the city, making it easy to go to malls, cafes, restaurants, and offices with ease. However, one may find its near proximity to Bukit Bintang and Jalan P Ramlee as a problem. These locations are known to be noisy and prone to traffic jams, especially during the night and peak hours. Overcrowding can also pose as a problem, as Bukit Bintang and Jalan P Ramlee are popular tourist destinations. Investors may find short-term tenants as potential residents, mostly expatriates on a short holiday and with a few money to spend.
However, given the current trend towards branded luxury residences (see: RuMa, E&O Residences, St Regis, Four Seasons, St Mary Residences) it may be hard to justify the premium that one has got to pay for a unit at Bintang Fairlane.
Given its location there may be a market for short lets (AirBnB style) with a competitive pricing strategy below the major hotels in the Bintang Walk area; but if this is the business that you don’t want to be in (read this blog post) then you might want to consider elsewhere – you won’t run out of choices if you’re willing to pay RM1,200 PSF! For a guide on the fair price of Bintang Fairlane, use this guide below –