Archives For Binjai

Stonor Park

April 17, 2014 — 2 Comments

The Stonor Park’s claim to fame: won the FIABCI‘s Best High Rise Residential Building award back in 2007. Occupying a prime spot next to Park Seven and right across the road from The Binjai, Stonor Park remains in the “upper tier” among condominiums and apartments in the KLCC enclave.

Click here
(and scroll down if needed) if you are looking for property listings for Stonor Park.

One of the very first luxury KLCC condos in the market, the development was launched in 2003 by Beneton Properties (the developer behind the boutique Hotel Maya – less than 1km away from Stonor Park, Menara Perkeso and Plaza 136) and completed in 2006. Despite its rather “venerable” status, Stonor Park is well maintained and still command a rather premium even when compared with newer condominiums in the KLCC area.

Stonor Park is part of the “Binjai” cluster of KLCC condominiums which are known for their above average pricing and good location with superior walkability. More on walkability scores later.

Stonor Park remains very well maintained, and still commands a premium with its location as its prime advantage

Stonor Park remains very well maintained, and still commands a premium with its location as its prime advantage

With Platinum Park being built right across the road, we would expect the “spillover effect” with demand (and prices) to continue to go up; launch prices for Platinum Park are estimated to be around the RM2,000 per sq ft levels.

Insider Gossip

Caution: By unlocking the content box below, you understand that the information is provided to you has not been independently verified, and you take responsibility for your own actions. Unlock below by liking our Facebook page.

[to_like id=”1377″]

[/to_like]

What’s Included In The Box

There are two blocks of twenty stories housing some 71 units of luxurious freehold condominiums priced at around RM1,000 per sq ft (which is a double of its launch price at RM500 per sq ft, but that was way back in 2006). To determine if these are fair prices, download our easy valuation guide here. More details on the pricing later in this review.

Build-up area ranges from 2,000 to 8,000 square feet. The development is on a one acre plot, and there are only two units on each floor, giving it an aura of exclusivity.

Stonor Park’s Location: Where The Action Is

Stonor Park at KLCCStonor Park has got the prestigious “Persiaran KLCC” address, and is located on the same row as some embassies and the palaces of Terengganu and Kelantan. Fancy a short stroll? The KLCC park is just about 10 minutes away by foot. Being close to the Golden Triangle has its advantages – Jalan Bukit Bintang (home to Pavilion, Lot 10, Fahrenheit) is just round the corner.

Being in the heart of KLCC also means that it is well connected to the rest of the city. Stonor Park is accessible via Jalan Kia Peng and Jalan Tun Razak, and if you take public transport then the nearest LRT stops are KLCC (inside Suria KLCC) and Ampang. There are also ample RapidKL buses as well as taxis which throng the area (especially the Petronas Twin Towers) for passengers.

What this means is that the development around Stonor Park could be rather dense, and if you are into wide open spaces then this condominium might not be for you after all. But if you are all for “action in the city” then Stonor Park should be in your shortlist for a KLCC condo.

The Walkability Factor

A condominium’s “walkability” is scored by considering its closeness to important amenities and hot spots. Binjai condominiums (or Zone C as defined within KLCCcondominiums.com.my’s specifications) have relatively good walkability scores – for Stonor Park’s case, it’s a respectable 81. To download a free high resolution map containing the Walkability Scores of all KLCC properties, go here.

Check out this interactive map to see what’s close to Stonor Park. (The sidebar on the right contains clickable icons which toggle the hotspots for clarity).
[poiautomap address=”Stonor Park Jalan Stonor Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Stonor Park[/poiautomap]

Stonor Park Pricing For Sub Sale Units

At the time of writing, the subsale price has somewhat tapered after reaching its peak in 2009 (about RM1,000 per sq ft). The asking price remains around this figure although there have been reported transacted price at about RM800 per sq ft.

Pricing chart of Stonor Park units

Prices seem to have gone down a bit in the last two years. Chart courtesy of our friends at GoodPlace.my

Our sister site GoodPlace.my tracks the asking prices for most properties in the Klang Valley; here’s the trended data for Stonor Park for the past few months –

UPDATE: April 2014: A 2,314 sq ft unit was sold for RM2.15 million by Daniel Lim of Zerin Properties; this corresponds to RM929 PSF.

Rental is about RM3 per sq ft, although in lieu of the current (perceived?) over supply of luxury condominiums (in KLCC and elsewhere) there’s lots of room for bargain. No harm to shop around for the best deal… but if you want us to hook you up with our (personal) realtor then get in touch. We’ve seen some listings on the local property portals where 2,000 sq ft units were advertised at RM1.8 million but those don’t look very legit! Too many bait-and-switch cases especially in the luxury apartment markets that I personally would prefer getting help from a broker whom I trust. Use our DealFinder service – it’s easy, free and non-obligatory. 🙂

As asking prices for Stonor Park (or for any KLCC apartment for that matter) are showing some broad fluctuations this year, it’s important for the prospective buyer to know what the true market value so that he or she does not overpay. Use this valuation guide to help you. The KLCC market seems to be rather “opaque” in terms of pricing – get your agent’s help and shop around!

Stonor Park is still one of our favourites - great location, and looks rather classy!

Stonor Park is still one of our favourites – great location, and looks rather classy!

All in all, Stonor Park retains its “classiness” and is definitely holding its own in the face of competition from relatively newer developments such as Binjai, Marc Residences and The Pearl. Due to its location it could be easily overlooked as potential buyers typically focus primarily on the condominiums along Persiaran KLCC itself (the Binjai, Park Seven), and this could mean that there could be good opportunities for investment with good rental yield (relative to KLCC standards!).

[dc]T[/dc]he Stonor Park's claim to fame: won the FIABCI's Best High Rise Residential Building award back in 2007. Occupying a prime spot next to Park Seven and right across the road from The Binjai, Stonor Park remains in the "upper tier" among condominiums and apartments in the KLCC enclave. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Stonor Park. One of the very first luxury KLCC condos in the market, the development was launched in 2003 by Beneton Properties (the developer behind the boutique Hotel Maya - less than 1km away from Stonor Park, Menara Perkeso and Plaza 136) and completed in 2006. Despite its rather "venerable" status, Stonor Park is well maintained and still command a rather premium even when compared with newer condominiums in the KLCC area. [spotlight role="target"][feature_box title="Listings For Stonor Park" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Stonor Park is part of the "Binjai" cluster of KLCC condominiums which are known for their above average pricing and good location with superior walkability. More on walkability scores later. [caption id="attachment_425" align="aligncenter" width="512"] Stonor Park remains very well maintained, and still commands a premium with its location as its prime advantage[/caption] With Platinum Park being built right across the road, we would expect the "spillover effect" with demand (and prices) to continue to go up; launch prices for Platinum Park are estimated to be around the RM2,000 per sq ft levels. Insider Gossip Caution: By unlocking the content box below, you understand that the information is provided to you has not been independently verified, and you take responsibility for your own actions. Unlock below by liking our Facebook page. [to_like id="1377"][feature_box title="Insider Gossips" title_color="fff" header_color="F5BA47"]Stonor Park is one of the top performers in the rental market as far as KLCC condominiums are concerned, and this despite the fact that the unit sizes are relatively huge from 2,000 sq ft onwards. Occupancy has been healthy at nearly 90% (although this might have changed recently - ask your agent), and it remains one of the top choices of cash wielding expatriates with families. Many of these expatriates also have multi-year tenancies which also somewhat jacked up the prices a little.[/feature_box][/to_like] What's Included In The Box There are two blocks of twenty stories housing some 71 units of luxurious freehold condominiums priced at around RM1,000 per sq ft (which is a double of its launch price at RM500 per sq ft, but that was way back in 2006). To determine if these are fair prices, download our easy valuation guide here. More details on the pricing later in this review. Build-up area ranges from 2,000 to 8,000 square feet. The development is on a one acre plot, and there are only two units on each floor, giving it an aura of exclusivity. Stonor Park's Location: Where The Action Is Stonor Park has got the prestigious "Persiaran KLCC" address, and is located on the same row as some embassies and the palaces of Terengganu and Kelantan. Fancy a…

SherpaScore: Stonor Park

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

With FIABCI's stamp of approval under its belt, Stonor Park is always at the top of choices when talking abou KLCC's development landscape. It remains classy and a stand out despite emerging competition in the area.

User Rating: 2.88 ( 3 votes)
74

To know what’s a Stonor Park unit’s “true market value” use this handy little valuation guide courtesy of GoodPlace.my –

blue-point

Park Seven

April 3, 2014 — 15 Comments

Park Seven is a luxurious high-end condominium development inside the KLCC area, located just right opposite the KLCC park, and right next door to The Binjai, Quadro Residences and Stonor Park (see here for its map).

Click here
(and scroll down if needed) if you’d like to see a compilation of property listings for Park Seven.

Park Seven is also on the same row as the embassies and some high-end landed properties so there’s a certain aura of prestige surrounding Park Seven. The palaces of Kelantan and Terengganu royalty families are on the same lane, and it’s a stone’s throw away from the embassies of Belgium, Germany, Vietnam and a few others.

Situated in the cluster of “Binjai” condominiums which are upmarket even by KLCC standards, Park Seven has been a runaway success ever since its high profile launch by SDB back in 2007. We shall find out if it lives up to the hype…

Park Seven, KLCC

Old school or rustic charm? You decide

Selling Points

Park Seven boasts of being earthquake resistant, which is one of the few resident buildings that earn this distinction. Also, its “stripped-down-to-basics” look might appeal to some, and with a rather “polished” facade (built from high end timber and granite giving it a nice combination of colors in grey and charcoal) it does look somewhat distinguished from the rest of the condominiums in the KLCC enclave.

Park Seven, KLCCThe upper floor units have got a rather awesome 270-degree view of the Petronas Twin Towers which is a major selling point which resonates well with would-be buyers, investors and tenants.

Also, it has got private lift lobbies (similar to The Pearl), as well as dedicated rooms for pilates and yoga. There are at least two parking spaces per unit (with some bigger units commanding four parking lots). For these reasons, it’s rather popular with expats – read this for a personal account. And for some reason, it’s also a makeshift tour buses carrying loads of tourists into the KLCC area. Ask your agent during your viewing if you’re concerned about this…

Park Seven (a.k.a Park 7) was built by SDB (Selangor Dredging Berhad) – notable for a wide range of constructions such as 20trees at Taman Melawati, Aman Suria at Puchong and Five Stones at Petaling Jaya SS2.

The Configuration

Unit sizes stretches from 2,257 sq ft (2+1 rooms) to a humongous unit of more than 7,000 sq ft (6+1 rooms). The build-up areas are bigger than most condominiums in the same area, and comparable to the configuration typically found at, say Avare. The 105 units of luxurious apartments are housed in seven blocks of 20 stories each. In total, there are fourteen (count ’em) layout configurations – you’re bound to find one that pleases you. 🙂

Interested in a Park Seven unit but can’t be bothered with the fake-ads-infested property classified sites? Use our free DealFinder service – click here.

The facilities are rather bog standard – lap and heated swimming pools, gym, landscaped points, children’s playground, Pilates rooms.

Walkability Scores

The GoodPlace Walkability Score (GWS) is a measure of how “walkable” a property is. This factor is especially important for city condominiums where closeness to amenities is a major selling point. The GWS for Park Seven is 81 (on a scale from 0 to 100). Download the KLCC Walkability Map here for free (click on this link).

Also, check out our interactive map below to see where the closest amenities to the Park Seven are.
[poiautomap address=”3.154314,101.717427″ zoom=”15″]Park Seven[/poiautomap]

Park Seven Prices: Show Me The Money!

Park Seven was launched at RM640 per sq ft in 2008, and the price quickly rose to more than RM1,000 per sq ft in 2009. Asking prices have hit as high as RM1,200 in late 2011, although it might have tapered lately (at the time of writing) with the cooling down of the luxury property market in Malaysia. The market could be kind of “fluid” currently, so for the best price, get in touch with us (click here) and we’ll hook you up with some good deals. Rentals are around RM4 per sq ft at the time of writing.

Park Seven, KLCC

Park Seven is pretty awesome all around – it’s a pretty hot choice amongst expats especially

UPDATE (June 2013): Asking price have soared up to RM1,400 PSF with entry level units selling at RM2.8 million. To check if these Park 7 units are “fair” prices, remember to use our latest valuation guide (click here).

UPDATE (April 2014): A unit with built-up of 2,291 sq ft with 4 bedrooms was sold for RM2.75 million, corresponding to RM1,200 PSF. The sale was concluded by Terence Yap of Zerin Properties.

Transportation Around Park Seven

Park Seven occupies some of the best spots in the KLCC enclave, being on Persiaran KLCC itself. However, this could be problematic to some if they need to travel out of the KLCC area. The main arteries of Jalan Tun Razak, Jalan Sultan Ismail and Jalan Bukit Bintang are notorious for heavy traffic during peak hours. There are not many (international) schools in the KLCC enclave, but there are buses which ferries students out of the area to the schools so there’s one less thing to worry about.

Park Seven under the evening sun

What Else You Need To Know?

If you’re looking for a “bungalow in the sky” right smack in the middle of Kuala Lumpur then Park Seven should feature among your top choices. Which arguably the best view of the Petronas Twin Towers and the luscious green of the KLCC Park this condominium could well be a no-brainer investment for some. It also has the distinction of having “Persiaran KLCC” as its address so that adds some premium to its asking price which is already firmly entrenched in the upper tier…

[dc]P[/dc]ark Seven is a luxurious high-end condominium development inside the KLCC area, located just right opposite the KLCC park, and right next door to The Binjai, Quadro Residences and Stonor Park (see here for its map). [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you'd like to see a compilation of property listings for Park Seven. Park Seven is also on the same row as the embassies and some high-end landed properties so there's a certain aura of prestige surrounding Park Seven. The palaces of Kelantan and Terengganu royalty families are on the same lane, and it's a stone's throw away from the embassies of Belgium, Germany, Vietnam and a few others. [spotlight role="target"][feature_box title="Listings For Park Seven" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Situated in the cluster of "Binjai" condominiums which are upmarket even by KLCC standards, Park Seven has been a runaway success ever since its high profile launch by SDB back in 2007. We shall find out if it lives up to the hype... [caption id="attachment_464" align="aligncenter" width="512"] Old school or rustic charm? You decide[/caption] Selling Points Park Seven boasts of being earthquake resistant, which is one of the few resident buildings that earn this distinction. Also, its "stripped-down-to-basics" look might appeal to some, and with a rather "polished" facade (built from high end timber and granite giving it a nice combination of colors in grey and charcoal) it does look somewhat distinguished from the rest of the condominiums in the KLCC enclave. The upper floor units have got a rather awesome 270-degree view of the Petronas Twin Towers which is a major selling point which resonates well with would-be buyers, investors and tenants. Also, it has got private lift lobbies (similar to The Pearl), as well as dedicated rooms for pilates and yoga. There are at least two parking spaces per unit (with some bigger units commanding four parking lots). For these reasons, it's rather popular with expats - read this for a personal account. And for some reason, it's also a makeshift tour buses carrying loads of tourists into the KLCC area. Ask your agent during your viewing if you're concerned about this... Park Seven (a.k.a Park 7) was built by SDB (Selangor Dredging Berhad) - notable for a wide range of constructions such as 20trees at Taman Melawati, Aman Suria at Puchong and Five Stones at Petaling Jaya SS2. The Configuration Unit sizes stretches from 2,257 sq ft (2+1 rooms) to a humongous unit of more than 7,000 sq ft (6+1 rooms). The build-up areas are bigger than most condominiums in the same area, and comparable to the configuration typically found at, say Avare. The 105 units of luxurious apartments are housed in seven blocks of 20 stories each. In total, there are fourteen (count 'em) layout configurations - you're bound to find one that pleases you. 🙂 [blue_message]Interested in a Park Seven unit but can't be bothered with the fake-ads-infested property classified sites? Use our free DealFinder service - click here. [/blue_message] The facilities are rather…

SherpaScore: Park Seven

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

Superbly located with a great view, Park Seven is SDB's crown jewel. To top it all up, it also boasts a nice pool overlooking the majestic Twin Towers.

User Rating: 0.35 ( 6 votes)
71

Price PSF wise it’s etching closer to the Binjai’s levels, which is not surprising given the locality and some degrees of similarity in terms of configuration and target market. There were unverified reports that transacted prices went up to as high as RM1,800 PSF post launch, but it doesn’t seem to be likely to reach this level in the short term. Perhaps this is a good opportunity to buy? Find out for yourself using this guide here –

klcc-hartanah

The Binjai On The Park

February 11, 2014 — Leave a comment

The Binjai On The Park – Live Among The Elites

The Binjai (not to be confused with Binjai Residency and Binjai 8 is developed by a subsidiary of KLCC Holdings known as Layar Intan. Famous for being the most expensive piece of real estate in Malaysia (in terms of price per square foot) a couple of years ago, The Binjai On The Park remains one of the prime pieces of upmarket real estate in Klang Valley, nay Malaysia. The condominium was designed by Allen Jack + Cottier (known famously as AJ+C), the Australian based architect with regional presence in Malaysia, Vietnam and China.

Click here
(and scroll down if needed) if you are looking for property listings for The Binjai On The Park.

Completed near the end of 2008, the Binjai On The Park is located on Jalan Binjai (named after the Binjai trees found in the area before the KLCC project commenced), at only a stone’s throw away from the iconic Petronas Twin Towers. While the condominium is accessible easily via major roads such as Jalan Tun Razak and Jalan Ampang, heavy traffic is a given for tenants in the KLCC area. The Binjai is under the “Zone C: Binjai” classification together with its neighbours, Park Seven and Stonor Park (as well as the upcoming Platinum Park).

Binjai On The Park picture

Is the Super Penthouse unit worth some RM50,000,000? Obviously someone thought so 🙂

Location & Walkability Information

KLCC condominiums appeal to many because of their strategic locations where many amenities are accessible by foot. The GoodPlace Walkability Score (GWS) measures how “walkable” a property is (more details about this methodology here). The Binjai’s GWS is 87, which is above average even by KLCC standards. For a free (high resolution) PDF map with the Walkability Scores of major KLCC properties, click here.

The interactive map below shows where the closest amenities to the The Binjai On The Park are (play around with the shortcuts on the right sidebar).
[poiautomap address=”The Binjai Kuala Lumpur City Centre Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]The Binjai On The Park[/poiautomap]

The Appeal

The Binjai (despite not being a “branded” development like Harrods, Banyan Tree or the Four Seasons Place) was able to achieve record-breaking prices primarily because of two reasons: one, its location, and two, the fact that it will perpetually have the much coveted KLCC Twin Towers view (there will be no more developments in the park). This cannot be said for most of the other KLCC condominiums as more developments sprout up as the demand grows. Additionally, the fact that it’s built as “part” of the park is also a major selling point.

We also regularly receive “gossips” from people who are in the know – agents, brokers, buyers and industry insiders. The information contained below may provide yet another reference point for prospective buyers, but we do have to point out that these are not verified, and so please exercise caution. By unlocking the content below you agree that we will not be responsible for any losses incurred from the information contained below. Thank you.

[to_like id=”1377″]

[/to_like]

Configuration

A freehold development, the Binjai consists of two blocks – one with 44 stories, and the other 45. Being inside the KLCC enclave, it is close to shopping malls (notably Suria KLCC) and also the KLCC Park – a sprawling open space right in the middle of the KLCC development. A convention centre (the Kuala Lumpur Convention Centre) is also nearby.

The Binjai is also notable for its high maintenance fee of MYR1.10 psf. If you are a proud owner of one of the penthouses (more than 5,500 square feet), expect to pay more than MYR6,000 monthly for maintenance…

Facilities include:-

  • Barbecue area
  • Covered parking
  • Gym
  • Jogging track & playground
  • Sauna
  • Swimming Pool
  • Round-the-clock security
  • Nursery
  • Tennis courts

Binjai towersAs with other condominiums in the KLCC enclave, there are no nearby schools although there are shuttle buses which pick up students to chauffer to the schools daily. These are typically international schools in Kuala Lumpur. The nearest public schools are about 1km away (Chung Hwa Primary School and SK Gurney). There are also buggy services to the Petronas Twin Towers via the KLCC Park.

Recently we have stumbled upon a very interesting article about an expat family from Scotland which settled quite nicely at the Binjai. To paraphrase Jane MacLeod, “We walked in, and we knew we had come home.” To read the article, click here.

The Binjai On The Park - Live Among The Elites [dc]T[/dc]he Binjai (not to be confused with Binjai Residency and Binjai 8 is developed by a subsidiary of KLCC Holdings known as Layar Intan. Famous for being the most expensive piece of real estate in Malaysia (in terms of price per square foot) a couple of years ago, The Binjai On The Park remains one of the prime pieces of upmarket real estate in Klang Valley, nay Malaysia. The condominium was designed by Allen Jack + Cottier (known famously as AJ+C), the Australian based architect with regional presence in Malaysia, Vietnam and China. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for The Binjai On The Park. [spotlight role="target"][feature_box title="Listings For SThe Binjai On The Park" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Completed near the end of 2008, the Binjai On The Park is located on Jalan Binjai (named after the Binjai trees found in the area before the KLCC project commenced), at only a stone's throw away from the iconic Petronas Twin Towers. While the condominium is accessible easily via major roads such as Jalan Tun Razak and Jalan Ampang, heavy traffic is a given for tenants in the KLCC area. The Binjai is under the "Zone C: Binjai" classification together with its neighbours, Park Seven and Stonor Park (as well as the upcoming Platinum Park). [caption id="attachment_294" align="aligncenter" width="520"] Is the Super Penthouse unit worth some RM50,000,000? Obviously someone thought so :)[/caption] Location & Walkability Information KLCC condominiums appeal to many because of their strategic locations where many amenities are accessible by foot. The GoodPlace Walkability Score (GWS) measures how "walkable" a property is (more details about this methodology here). The Binjai's GWS is 87, which is above average even by KLCC standards. For a free (high resolution) PDF map with the Walkability Scores of major KLCC properties, click here. The interactive map below shows where the closest amenities to the The Binjai On The Park are (play around with the shortcuts on the right sidebar). [poiautomap address="The Binjai Kuala Lumpur City Centre Kuala Lumpur Federal Territory of Kuala Lumpur" zoom="15"]The Binjai On The Park[/poiautomap] The Appeal The Binjai (despite not being a "branded" development like Harrods, Banyan Tree or the Four Seasons Place) was able to achieve record-breaking prices primarily because of two reasons: one, its location, and two, the fact that it will perpetually have the much coveted KLCC Twin Towers view (there will be no more developments in the park). This cannot be said for most of the other KLCC condominiums as more developments sprout up as the demand grows. Additionally, the fact that it's built as "part" of the park is also a major selling point. We also regularly receive "gossips" from people who are in the know - agents, brokers, buyers and industry insiders. The information contained below may provide yet another reference point for prospective buyers, but we do have to point out that these are not verified, and…

SherpaScore: The Binjai On The Park

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

Known as the priciest development in the country, The Binjai On The Park justifies its hefty price tag with a design like no other. Adding allure to its highly coveted facade are strategic location and of course, the perpetually envied Petronas Twin Towers view.

User Rating: 1.61 ( 7 votes)
83

Investing For Capital Appreciation?

The KLCC area has been a favorite amongst expatriates and the rich – it’s highly sought after for its high rental yields as well as capital appreciation. The asking price hovers around MYR2,500 per square foot – it remains firmly in the upper tier as far as pricing is concerned, and a clear favorite among affluent investors. It is also notably more expensive than nearby KLCC condominiums, like its neighbours Park Seven and Stonor Park, or the exquisite Marc Residence.

It is important to note that the transacted prices for KLCC condominiums have somewhat flattened recently, and so it might be a good opportunity to secure a unit for capital appreciation in the coming years.

However, it is interesting to note that the Super Penthouse unit here at the Binjai was sold for a handsome fee of some RM50 million – setting the record for the most expensive piece of real estate ever sold in Malaysia. This unit measured at over 19,000 square feet in size, and that makes the PSF to be more than RM2,600 – which is considerably higher than the median KLCC condominium PSF of RM1,000. Even the fairly recent transactions were above the RM2,000 PSF range. (The record of the most expensive real estate transaction in Malaysia in terms of price per square feet is held by Four Seasons Place – go here for more information).

See the chart above for the recent months’ asking price trends (courtesy of GoodPlace.my’s pricing databases and other publicly available information sources).

What We Think

In the final analysis, KLCC is arguably the most successful integrated development in the Klang Valley, and for this reason the area has progressed significantly in the recent years. It has got a prestigious address which draws in multinationals and local businesses alike.

Picture of the entrance to the Binjai

Eye candy even from the outside. Yum

Residency in KLCC is also appealing due to its vibrant nightlife and proximity to the heart of the Golden Triangle shopping district (Jalan Bukit Bintang). Not surprisingly, KLCC remains a firm choice among the expatriates (who may go to work in one of the commercial buildings inside the KLCC enclave) as well as the more affluent locals.

If you’re interested in a unit at the Binjai – for rent or for sale – use our DealFinder service for a shortlist of good, available properties. This service is free. Click here.

The Binjai remains out of reach for the common dude on the street, but the seasoned investor will be savvy enough to carefully analyze what’s the fair market value of a unit here without being swayed by emotions and media driven hype. If you’re considering to invest a unit here at the Binjai, use our valuation guide which we will email you once you entered your email address below –

arrow

Troika

December 15, 2013 — 10 Comments

Nestled beneath the hustle-and-bustle of the city is The Troika, a three-tower luxury condominium located in the heart of KLCC. The Troika boasts of plush interiors and world-class facilities, making it one of the most desired addresses among Kuala Lumpur’s rich and elite – ranking it up right there with One KL and St Mary Residences.

Click here
(and scroll down if needed) if you are looking for property listings for Troika.

The Troika’s high-end facilities make it a sought-after location for the young and successful city-dweller. Its serene surroundings and spectacular views make it an ideal residence for families, couples, and achievers. Living a life of luxury is definitely one of The Troika’s promises—and it’s about time for you to level up and experience plush living like no other. 😉

About The Developer: BRDB

The Troika is a luxurious residential condominium developed by Bandar Raya Developments Berhad, or known more popularly as BRDB. Its designer is Foster + Partners, a world-renowned architecture firm based in London. Some of the architecture firm’s major projects include the London City Hall, the Reichstag Building in Berlin, and Millau Viaduct in France—the highest road bridge in the world. Foster and Partners brings its expertise and touch of class in Malaysia through The Troika—another great addition to the architecture firm’s already stellar line-up of projects and architecture milestones.

Troika

The entrance to Troika. The guards are rather over-zealous, I must say!

BRDB has been one of Malaysia’s prominent developers, and with The Troika, it’s clear that it is only heading towards the right direction. With its latest partnership with Foster + Partners, BRDB has separated The Troika apart from its competition—in terms of class, prestige, and design. Apart from Troika, BRDB is also known for its upmarket condominiums in Bangsar (notably Serai on Bukit Bandaraya) and Verdana in the north of Mont Kiara.

Walkability Score

One of the main selling points for KLCC condominiums is their proximity to amenities; the GoodPlace Walkability Score (GWS) is a measure which encapsulates this feature. The Troika’s GWS is 81 (from a scale from 0 to 100, with 100 being the best) – good if evaluated on its own, but only fair when compared with other properties inside the KLCC enclave. Places like Marc Residence, Kirana Residence and the Meritz boast of higher GWS scores, for example.

For a free high density map with GWS scores for most properties in KLCC, go here.

The Strength in Numbers

Troika KLCC

Magnificent masterpiece or a slab of aluminum right out of Gotham City? You decide…

The Troika has a gross development value of RM840 million. Spread over 2.13 acres, The Troika comprises of 3 residential towers, which are 38, 44, and 55 storeys respectively. Each residential tower has 172 luxury-serviced apartments, 57 small office/home office (SoHo) units, 7 penthouses, as well as retail establishments, restaurants, and boutique offices. There are only two units per floor, so privacy is assured.

The luxurious condominium also features two 2x volume “glass-encased” bridges which are connected to the beautiful sky lobby, which in turn connects The Troika’s three majestic towers. It offers a breath-taking view of Malaysia’s cultural landmark—The Petronas Towers.

As of this writing, more than 70% units of The Troika have been sold. A majority of its penthouses have been bought by foreigners—one of which is a 21,000 square feet, four-level penthouse that was reportedly sold for an estimated RM57 million.

Troika KLCC Prices…

… are not cheap. 🙂 Although the launch price at RM1,000 PSF seems paltry now, it was somewhat seen as breaking new grounds as even the most expensive KLCC condominiums were priced at around RM750+ PSF mark then. At the time of the update of this review, RM1,500 PSF point seems to be the median, and given the recent uptick in prices I won’t be surprised if it reaches RM2,000 PSF – matching even the newer launches and branded residences elsewhere within the enclave.

Below is a trended asking prices chart compiled from various public sources (as well as from GoodPlace.my’s internal price databases):-

Insider Gossip

Warning: we have not verified the information that we are sharing below. Do not base your investment decisions entirely on them. Thank you for understanding.

[to_like id=”1377″]

[/to_like]

Experiencing Luxury and Style

For the lover of luxury, The Troika does not indeed disappoint. Indulge in these world-class facilities, as follows:

  • 30,000 square feet landscaped courtyard
  • Gym services and aerobics facilities
  • Swimming and wading pools
  • Timber deck
  • Recreational areas (indoor and outdoor)
  • Games room
  • Function hall
  • BBQ area
  • Laundry and housekeeping services
  • Jacuzzi and sauna services

The Troika also offers a spectacular view of the Petronas Towers and the famous Kuala Lumpur skyline. In terms of style, Foster + Partners developed and introduced a “twisting building” concept to The Troika, making it stand out among its neighbouring buildings. To some, it seems to be an inspiration to YTL Land’s newer development The Fennel @Sentul which has similar “twisted” shapes in its condominium architectural design.

[dc]N[/dc]estled beneath the hustle-and-bustle of the city is The Troika, a three-tower luxury condominium located in the heart of KLCC. The Troika boasts of plush interiors and world-class facilities, making it one of the most desired addresses among Kuala Lumpur’s rich and elite - ranking it up right there with One KL and St Mary Residences. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Troika. [spotlight role="target"][feature_box title="Listings For Troika" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] The Troika’s high-end facilities make it a sought-after location for the young and successful city-dweller. Its serene surroundings and spectacular views make it an ideal residence for families, couples, and achievers. Living a life of luxury is definitely one of The Troika’s promises—and it’s about time for you to level up and experience plush living like no other. 😉 About The Developer: BRDB The Troika is a luxurious residential condominium developed by Bandar Raya Developments Berhad, or known more popularly as BRDB. Its designer is Foster + Partners, a world-renowned architecture firm based in London. Some of the architecture firm’s major projects include the London City Hall, the Reichstag Building in Berlin, and Millau Viaduct in France—the highest road bridge in the world. Foster and Partners brings its expertise and touch of class in Malaysia through The Troika—another great addition to the architecture firm’s already stellar line-up of projects and architecture milestones. [caption id="attachment_251" align="aligncenter" width="420"] The entrance to Troika. The guards are rather over-zealous, I must say![/caption] BRDB has been one of Malaysia’s prominent developers, and with The Troika, it’s clear that it is only heading towards the right direction. With its latest partnership with Foster + Partners, BRDB has separated The Troika apart from its competition—in terms of class, prestige, and design. Apart from Troika, BRDB is also known for its upmarket condominiums in Bangsar (notably Serai on Bukit Bandaraya) and Verdana in the north of Mont Kiara. Walkability Score [dc]O[/dc]ne of the main selling points for KLCC condominiums is their proximity to amenities; the GoodPlace Walkability Score (GWS) is a measure which encapsulates this feature. The Troika's GWS is 81 (from a scale from 0 to 100, with 100 being the best) - good if evaluated on its own, but only fair when compared with other properties inside the KLCC enclave. Places like Marc Residence, Kirana Residence and the Meritz boast of higher GWS scores, for example. For a free high density map with GWS scores for most properties in KLCC, go here. The Strength in Numbers [caption id="attachment_253" align="alignleft" width="384"] Magnificent masterpiece or a slab of aluminum right out of Gotham City? You decide...[/caption] The Troika has a gross development value of RM840 million. Spread over 2.13 acres, The Troika comprises of 3 residential towers, which are 38, 44, and 55 storeys respectively. Each residential tower has 172 luxury-serviced apartments, 57 small office/home office (SoHo) units, 7 penthouses, as well as retail establishments, restaurants, and boutique offices. There are only two units per floor, so privacy…

SherpaScore: Troika

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

Nothing short of world class, Troika displays a high standard of modern and luxurious living. Designed for the privileged few where residents can indulge in a life of luxury at the heart of the city.

User Rating: 2.01 ( 26 votes)
82

Troika also hosts the magnificent Acme Bar & Coffee, which serves rather good cempedak cakes. There’s also the new “Troika Sky Dining” trivium of restaurants – Cantaloupe (fine dining), Strato (wine bar) and Caret (Italian); these are located on Level 23A of Block B. For traffic control, there are separate elevators for both low- and high-zones. This lessens the waiting time for elevators significantly.

Curiously, despite being on commercial land, the utilities are charged at residential rates which are lower.

Use our interactive map below to check where the closest amenities to the Troika are.
[poiautomap address=”The Troika Jalan Binjai Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Troika[/poiautomap]

Modern Convenience

The Troika is situated at the intersection of Jalan Binjai and Persiaran KLCC  in the prominent district of KLCC. The Ampang Park LRT station is only a short two-minute walk. The Troika also has an easy access to Jalan Tun Razak and Smart Tunnel. High-class dining and entertainment are only minutes away—unwind and enjoy your weekends in neighbouring KLCC restaurants and bars. Truly, The Troika’s location is perfect for modern-day living, because it mixes convenience with style and class.

Troika from Binjai

The “hot on a sunny day” view of Troika from the gardens of the Binjai On The Park against a clear blue sky. Looks lovely even from a distance

Our Final Analysis

Privilege and prestige are two of the words synonymous with The Troika. Treat yourself with life’s extravagant pleasures—make The Troika your home and get ready to experience luxury at its finest. I know I’ve been drooling for a unit since I first saw it during its launch in the fourth quarter of 2005… 🙂

We do note that upmarket properties like the Troika seem to be susceptible to “iffy” listings – simply because the value is much higher even when compared to other KLCC properties. Click here if you’d like bespoke help on finding legitimate units for sale or for rent. This service is free and not obligatory.

While I am bullish about the long term prospects of the KLCC enclave, in the short term the asking prices for Troika seem to be a little on the higher side, especially in the advent of the launches of branded residences such as The RuMa and E&O Residences as well as integrated developments such as Platinum Park – these are all priced RM2,000 PSF and above. To find out what’s the fair market value of a unit at the Troika, use this valuation guide which you can download for free courtesy of GoodPlace.my –

arrow

The Oval KLCC

December 15, 2013 — 3 Comments

Right at the heart of the city centre, on the corner of Jalan Binjai and Lorong Kuda, lie the twin towers of The Oval. It is strategically located right across the 50-acre KLCC Park, with a generous view of the Petronas Twin Towers.

Click here
(and scroll down if needed) if you are looking for property listings for The Oval.

The Oval was developed by Titan Debut, a subsidiary of GuocoLand which is a Hong Leong Malaysia Group member, and was completed in 2009. It is a freehold property consisting of two blocks, imaginatively named the West Tower and the East Tower. 😉

Each tower consists of 41 floors housing a total of 70 units each. The units at The Oval are categorized into two – the Sky Villas (2nd to 32nd floors) and the Mansionary Villas (33rd to 40th floors). A Sky Villa occupies half of a floor at The Oval, while a Mansionary Villa occupies an entire floor. Each of The Oval’s towers is shaped like an oval (hence the name; who would’ve guessed?), affording Sky Villa units a 180 degree view of the city centre and the Mansionary Villas a 360 degree view.oval-klcc

Some of its residential next-door neighbors include the venerable Desa Kudalari condominium, The Avare, the exquisite Binjai On The Park and Suria Stonor. The Embassy of the United States of America (and a number of other foreign embassies), The Centre for Advanced Design, the Kuala Lumpur Convention Centre, a handful of restaurants, cafes, museums and shops may be reached on foot.

The Oval has a relatively high GoodPlace Walkability Score (GWS) of 84. For more information about this score, and to download a free KLCC map with Walkability data, click here (comes up in a new window).

A Titanic Debut – Indeed!

Picture of the Oval at KLCCIn 2007, GuocoLand Malaysia Berhad bought the entire equity of Titan Debut for RM71 million (covered extensively by The Star here). Titan Debut earlier in that year purchased from Oval Residences Sdn Bhd the 140-unit serviced apartments for RM404.58 million. It is interesting to note that GuocoLand was not the original developer of the Oval; Titan Debut was.

GuocoLand paid a record high for a condominium en-bloc purchase, shelling out about RM475 million for Titan’s acquisition and The Oval’s development. Other projects of GuocoLand include Avenue 2 and Sri Kia Peng.

Getting Around

The Oval may be accessed through Jalan Binjai, Jalan Tun Razak, Jalan Kia Peng or Jalan Ampang. Public transportation is also a good option, especially the LRT, if you do not want to sit in traffic (which could be REALLY bad if you’re familiar with the KLCC area!). Despite traffic congestion, KLCC remains to be a sought-after enclave in Kuala Lumpur. It is synonymous to convenience after all, having everything you need within your reach.

On foot alone, you will be faced with countless options for dining, shopping, entertainment, education and health. Perpendicular to Jalan Binjai is Jalan Ampang, which is famous for having restaurants of different cuisines. Chinese, Indochine, Italian, Indian, Japanese, German, Western, local and fusion cuisines may all be found in Jalan Ampang.

Use our interactive map below to check where the closest amenities to the Oval KLCC are.
[poiautomap address=”The Oval Jalan Binjai Kuala Lumpur” zoom=”15″]The Oval KLCC[/poiautomap]

Parks are great places for relaxation for all kinds of people and KLCC Park’s location is perfect for The Oval residents. Equally famous is Jalan P Ramlee, a street lined with pubs and clubs if you are up for some drinks. Some of the most popular clubs among locals and foreigners are Aloha, Nouvo, Zouk and Rum Jungle Bar & Restaurant. If you are a shopper, you will find haven in the upscale Suria KLCC mall, just across the road. For more options, you may opt to go to Bukit Bintang or Berjaya Times Square. Kids will love it, too, at the Aquaria KLCC on Jalan Pinang and Petrosains inside Suria KLCC.

There are also a number of churches and places of worship within the vicinity.

For your health requirements, Malaysia Healthcare, Gleneagles Intan Medical Centre, Ampang Putri Specialist Hospital and Prince Court Medical Centre are within short distances from The Oval. Golfers may also find refuge in KLCC as the Royal Selangor Golf Club is just a stone’s throw away.

Picture of The Oval, KLCC

The Oval is known for its distinctive (you guessed it) oval shape – different from the other apartments in the KLCC area

KLCC is known to be an expatriate magnet – this enclave is also on top of expatriates list because multinational companies are scattered everywhere, as well as foreign embassies. As for families with school children, a number of international schools are very accessible to and from KLCC such as Alice Smith, Sayfol International, Julia Gabriel Centre for Learning and International School Kuala Lumpur, to name some.

Generous Spaces

Units at The Oval come in two sizes only. But they are generous spaces, if it may be emphasized. A Sky Villa, occupying half a floor, is sized 3,750 sqf. It has three bedrooms, three bathrooms and a powder room. A Mansionary Villa, occupying an entire floor, measures 7,600 sqf with five bedrooms, five baths, a powder room and a lanai. These are probably more suitable for a family than a city bachelor looking for a swanky pad in the middle of Kuala Lumpur.

Each unit is finished with imported marble floors for the living, dining, kitchen and family rooms, teak wood floors for the bedrooms, and solid timber doors. Floor-to-ceiling windows also provide residents with a breathtaking view of the city.

With our (free) DealFinder service, we’ll do the research for you and send you a list of verified listings for the Oval. Click here for more information.

The Oval residents are provided with high-standard facilities that include high-technology security (residents use biometrics to access their apartments), Radio Frequency Identification (RFID) tags for parking spaces, a 25-metre infinity pools (one for each tower), a wading pool, a fitness centre, an in-house spa, lounger deck, function area, children’s play area, lawn, private lift lobbies, fully-equipped gym and sauna & steam room.

Oval’s Price Tag

At the time of writing, the asking prices for a unit at The Oval is at RM1,200 PSF. Quite steep compared to its neighbors like The Avare, which sells for at least RM900 PSF or the Suria Stonor, which sells at a minimum of RM850 PSF. Is it worthy of its premium price tag? Well, worthiness of a property investment is relative to the investor’s needs. If location, generous space, view, high-tech security and stellar facilities are your top five priorities, then The Oval is just perfect.

Chart below (culled from GoodPlace.my’s pricing databases) shows the trend of asking prices in the recent months:-

We like the Oval for its low density factor and also for, well, its oval design (which gives tenants a rather spectacular, 360 view of the Kuala Lumpur skyline). Being in the Binjai area also means that it is firmly entrenched in the upper tier of KLCC condominiums, sharing the prestige with the likes of SDB’s “jewel in the crown” Park Seven and the exquisite Binjai On The Park.

[dc]R[/dc]ight at the heart of the city centre, on the corner of Jalan Binjai and Lorong Kuda, lie the twin towers of The Oval. It is strategically located right across the 50-acre KLCC Park, with a generous view of the Petronas Twin Towers. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for The Oval. The Oval was developed by Titan Debut, a subsidiary of GuocoLand which is a Hong Leong Malaysia Group member, and was completed in 2009. It is a freehold property consisting of two blocks, imaginatively named the West Tower and the East Tower. 😉 [spotlight role="target"][feature_box title="Listings For The Oval" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Each tower consists of 41 floors housing a total of 70 units each. The units at The Oval are categorized into two - the Sky Villas (2nd to 32nd floors) and the Mansionary Villas (33rd to 40th floors). A Sky Villa occupies half of a floor at The Oval, while a Mansionary Villa occupies an entire floor. Each of The Oval's towers is shaped like an oval (hence the name; who would've guessed?), affording Sky Villa units a 180 degree view of the city centre and the Mansionary Villas a 360 degree view. Some of its residential next-door neighbors include the venerable Desa Kudalari condominium, The Avare, the exquisite Binjai On The Park and Suria Stonor. The Embassy of the United States of America (and a number of other foreign embassies), The Centre for Advanced Design, the Kuala Lumpur Convention Centre, a handful of restaurants, cafes, museums and shops may be reached on foot. The Oval has a relatively high GoodPlace Walkability Score (GWS) of 84. For more information about this score, and to download a free KLCC map with Walkability data, click here (comes up in a new window). A Titanic Debut - Indeed! In 2007, GuocoLand Malaysia Berhad bought the entire equity of Titan Debut for RM71 million (covered extensively by The Star here). Titan Debut earlier in that year purchased from Oval Residences Sdn Bhd the 140-unit serviced apartments for RM404.58 million. It is interesting to note that GuocoLand was not the original developer of the Oval; Titan Debut was. GuocoLand paid a record high for a condominium en-bloc purchase, shelling out about RM475 million for Titan's acquisition and The Oval's development. Other projects of GuocoLand include Avenue 2 and Sri Kia Peng. Getting Around The Oval may be accessed through Jalan Binjai, Jalan Tun Razak, Jalan Kia Peng or Jalan Ampang. Public transportation is also a good option, especially the LRT, if you do not want to sit in traffic (which could be REALLY bad if you're familiar with the KLCC area!). Despite traffic congestion, KLCC remains to be a sought-after enclave in Kuala Lumpur. It is synonymous to convenience after all, having everything you need within your reach. On foot alone, you will be faced with countless options for dining, shopping, entertainment, education and health. Perpendicular to Jalan Binjai is Jalan Ampang, which…

SherpaScore: The Oval KLCC

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

Despite its steeper price than its neighbours, The Oval is such a formidable structure in the midst of the prestigious KLCC enclave that just draws attention. Brimming with luxe features, the development is meant to attract expatriates and rich locals alike. And the oval shape rocks. 🙂

User Rating: 3.44 ( 3 votes)
78

The Oval’s not cheap, and so if budget is anywhere within your top five criteria, then maybe you should be looking at other properties. To find out how to determine a fair price for KLCC properties (or any property for that matter), be sure to use our handy valuation guide which you can download here upon signing up below –

bawah

Binjai Residency

December 9, 2013 — Leave a comment

Dig this – Binjai Residency has been tagged as “one of the most prestigious condominiums EVER BUILT in the KLCC area” by certain quarters. While that’s rather arguable (I like the majestic Binjai On The Park just a wee bit better!), because its mere stature alone is enough to get your attention.

Click here
(and scroll down if needed) if you are looking for property listings for Binjai Residency.

Situated in the heart of bustling KLCC and just within walking distance from the Petronas Twin Towers, Binjai Residency is a freehold condominium that offers three layouts for potential residents to choose from. Developer Amity Binjai made sure that the condominium lies in a very strategic location in quiet Lorong Binjai as the area is surrounded with financial institutions and entertainment spots.

Walkability Score (And A Free Map)

Binjai Residency has got a GoodPlace Walkability Score (GWS) of 81.Walkability” is the measure of how “walkable” it is to important amenities such as transportation points, eateries, schools, police stations, etc. For a more detailed description (and a free downloadable map detailing the walkability scores of KLCC properties) click here. It’s kinda pretty. 🙂

Use this interactive map to see where the closest amenities and attractions to the Binjai Residency are. The sidebar on the right contains icons which can be clicked in order to toggle the hotspots – try it.
[poiautomap address=”Binjai Residency Kuala Lumpur Jalan Binjai Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Binjai Residency[/poiautomap]

Binjai Residency Pricing Trends and Analysis

Picture of Binjai Residency in KLCCPrestigious condominiums like the Binjai Residency comes with a rather hefty price tag, as you would typically expect from an upscale KLCC condominium. Its launch prices way back in 2005 was at a low (relative to today’s standards) RM460+ per square feet. Fast forward to six years later in 2012, the condominium’s unit (asking) prices have increased to RM1,000 per square feet. It has been reported that early investors are able to bring in a five figure net gain monthly for renting out its units to tenants. We can’t verify this, but looking at the trended rental rates in the last three years this seems to hold water.

Currently, the average sale price for a unit at the condominium plays in the RM800 – RM1,300 PSF range. Its prices have been increasing every year, starting from 2009, and finally hitting its peak on 2011. Pricing was rather flat due to the completion of Binjai 8 right next door, providing alternatives with smaller unit sizes.

In October 2013, there has been a recorded transaction at RM880 PSF for a unit with build up of 2,295 sq ft; the unit was sold with a tenancy which means that the price was perhaps a little higher than average. The rental yield was approximately 4%.

  • If you’re going to value a Binjai Residency unit, remember to factor this in when estimating a fair price. If you need help in that, use our easy valuation guide which you can download here. It’s free.

Insider Gossips!

Below is a collection of “gossips” that we have garnered mainly from agents and potential buyers both online and offline regarding Binjai Residency. We have not independently verified these, and so, take them for what they are – gossips. 😉

[to_like id=”1377″]

[/to_like]

Hotel-Like Living in the Heart of the City

While prestige and luxury are both synonymous to Binjai Residency, there’s no doubt how “convenience” should be added on the condominium’s already long list of (good) adjectives. Its location would make it easy to walk around KLCC, as establishments flourish in the area. Also, the abundance of financial institutions, corporate offices, and banks allow the condominium’s residents to go to and from work with ease.

The KLCC LRT station is only within walking distance. Ampang Park LRT station is a mere three minutes away, so one does not need to worry about public transportation. Other modes of public transport—taxi stands and bus stops—frequent the area. The condominium is also accessible via Kuala Lumpur’s major highways and roads.

Facilities

Exclusivity is one of the Binjai Residency’s trademarks. In terms of facilities and perks, the condominium boasts of units that come with a furnished kitchen, master’s bedroom, and a centralised water filtration system. Residents also have access to a parking bay that makes up of five storeys. In addition, the condominium also lists a wide array of facilities and amenities to keep its residents active, happy, and safe. These include:

  • A tennis court
  • A reading room
  • A multi-purpose hall
  • A barbecue area
  • A gymnasium
  • Swimming pool
  • A business center
  • Broadband internet
  • 24-hour security

Unit Structure, Sizing, and Areas

Units at the Binjai Residency are as follows: executive, premium, and penthouse. Executive units are located from the 6th to the 23rd floor, and its sizes start at 2,096 square feet to 2,208 square feet. The premium units are from the 24th to the 29th floor, and are sized at 2,213 square feet to 2,326 square feet. Penthouses are located on the 30th floor, and its sizes range from 1,951 square feet to 2,326 square feet. Each floor houses only four units, allowing privacy and exclusivity for its residents.

Premium units come with a mini-theatre that includes a plasma television. Penthouses are built with a 42 feet (in length) infinity pool, as well as a pool deck and a rooftop garden that overlooks a spectacular cityscape view.

Our Verdict

We like the Binjai Residency because it occupies one of the best spots in the KLCC enclave on Lorong Binjai just off Jalan Binjai, which means that it shares the same address as the prestigious Binjai On The Park and Troika. While the PSF price is fair at around the median RM1,000 point, the larger units means that the entry price could be steep (at least RM2 million).

Comparatively, the newer, spankier Binjai 8 next door features 700+ sq ft units which are more expensive at around RM1,200 PSF asking price. Which would you rather own – a smaller, newer unit at Binjai 8 or a bigger Binjai Residency unit which is more expensive for about RM250,000? Choices, choices… 🙂

[dc]D[/dc]ig this - Binjai Residency has been tagged as “one of the most prestigious condominiums EVER BUILT in the KLCC area” by certain quarters. While that's rather arguable (I like the majestic Binjai On The Park just a wee bit better!), because its mere stature alone is enough to get your attention. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Binjai Residency. Situated in the heart of bustling KLCC and just within walking distance from the Petronas Twin Towers, Binjai Residency is a freehold condominium that offers three layouts for potential residents to choose from. Developer Amity Binjai made sure that the condominium lies in a very strategic location in quiet Lorong Binjai as the area is surrounded with financial institutions and entertainment spots. [spotlight role="target"][feature_box title="Listings For Binjai Residency" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Walkability Score (And A Free Map) Binjai Residency has got a GoodPlace Walkability Score (GWS) of 81. "Walkability" is the measure of how "walkable" it is to important amenities such as transportation points, eateries, schools, police stations, etc. For a more detailed description (and a free downloadable map detailing the walkability scores of KLCC properties) click here. It's kinda pretty. 🙂 Use this interactive map to see where the closest amenities and attractions to the Binjai Residency are. The sidebar on the right contains icons which can be clicked in order to toggle the hotspots - try it. [poiautomap address="Binjai Residency Kuala Lumpur Jalan Binjai Kuala Lumpur Federal Territory of Kuala Lumpur" zoom="15"]Binjai Residency[/poiautomap] Binjai Residency Pricing Trends and Analysis Prestigious condominiums like the Binjai Residency comes with a rather hefty price tag, as you would typically expect from an upscale KLCC condominium. Its launch prices way back in 2005 was at a low (relative to today's standards) RM460+ per square feet. Fast forward to six years later in 2012, the condominium’s unit (asking) prices have increased to RM1,000 per square feet. It has been reported that early investors are able to bring in a five figure net gain monthly for renting out its units to tenants. We can't verify this, but looking at the trended rental rates in the last three years this seems to hold water. Currently, the average sale price for a unit at the condominium plays in the RM800 - RM1,300 PSF range. Its prices have been increasing every year, starting from 2009, and finally hitting its peak on 2011. Pricing was rather flat due to the completion of Binjai 8 right next door, providing alternatives with smaller unit sizes. [chart csv='http://klcccondominiums.com.my/data/binjairesidency.csv' type='bar' category='Month' value='PSF' format='string, float' color='orange' title='Binjai Residency Asking Prices (PSF in MYR) - mouseover for details'][/chart] In October 2013, there has been a recorded transaction at RM880 PSF for a unit with build up of 2,295 sq ft; the unit was sold with a tenancy which means that the price was perhaps a little higher than average. The rental yield was approximately 4%. If you're going to value a Binjai Residency unit, remember…

SherpaScore: Binjai Residency

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Good

A symbol of prestige and luxury which also means it comes with a hefty price tag. But might be well worth it if the steady increase in its value is to be accounted for.

User Rating: 1.56 ( 2 votes)
69

On a more negative note, Binjai Residency is now swamped in a rather densely populated area with Binjai 8 next door; the Corinthian is down the road as well as the Troika. This means that traffic congestion is rather inevitable during peak hours, and some of the views are blocked by the other developments.

We have also noticed that the property portals are getting swarmed with Binjai Residency listings, and at this moment we are not sure if these are real sub sale units for sale or just part of “bait and switch” schemes. Instead of going through the listings yourself and calling up the agents, why not use our DealFinder service? It’s free, and you don’t have to buy anything from anyone.

Finally, with so many choices around the Binjai area inside the KLCC enclave, the question of supply vs demand means that capital yield in the shorter term would probably suffer. Wondering whether your investment would make sense or not? Well, it all depends on how much you pay for a unit obviously. Use GoodPlace.my’s valuation guide to help you nail down the price that you should pay in order for you to make money – enter your details below.

blue-point

Desa Kudalari

December 9, 2013 — 1 Comment

The first ever luxury condominium in Malaysia, Desa Kudalari, was completed in 1984. This 7-acre freehold residential property is situated at the heart of the city centre, between The Oval, PNB Darby Park Executive Suites and the Tan & Tan Building on Jalan Tun Razak. It is walking distance from the world-famous Petronas Twin Towers, and a neighbor to a number of luxury condominiums. Some of its immediate neighbors are The Binjai On The Park, Stonor Park, Park Seven and Platinum Park.

Click here
(and scroll down if needed) if you are looking for property listings for Desa Kudalari.

Since it is located in the prime location of KLCC (classified as Zone B as per KLCCcondominiums.com.my zoning definitions), the property is easily accessible. Desa Kudalari may be accessed through Jalan Conlay, Jalan Stonor or Jalan Kia Peng which are linked to Jalan Tun Razak.

You may also opt to access it through Jalan Ampang or Jalan Bukit Bintang. If you opt to access it through train, there are Raja Chulan Monorail and Rapid KL LRT stations just around the vicinity. This property is also highly walkable – more information on its walkability later in this review.

Insider Gossip!

We regularly receive “gossip” about properties in KLCC from industry insiders – agents, negotiators, researchers, buyers and sellers. Below is a selection of insider gossip about Desa Kudalari which you can “unlock” with a Facebook like. Disclaimer: use this information at your own risk; these have not been independently verified in any way.

[to_like id=”1377″]

[/to_like]

All-in-One Convenience

When you live in the KLCC enclave, it is a given that you’ve got it all. Shopping, dining, health, recreation, schools, hospitals, name it. It’s not the city centre for nothing. Living in Desa Kudalari means having access to a number of shopping centres, including the posh Suria KLCC, Ampang Park Shopping Centre and Bukit Bintang.

Desa Kudalari

Craving Japanese food? Try Benkay on Jalan Ampang. And if you change your mind along the way, Jalan Ampang is still the right place since it is lined with restaurants serving different cuisines. If you’re up for a drink or two, Jalan P Ramlee has the Lunar Bar, Nuovo and Rum Jungle Bar & Restaurant to cater to your cravings.

If you are an expatriate, this is also a very strategic place to live in because almost all the embassies are nestled in the area. And if you have children who are still going to school, there are a number of International Schools in the KLCC enclave such as Julia Gabriel Center for Learning, Alice Smith, Garden International School, Fairview International, International School Kuala Lumpur and Mont Kiara International School (located, of course, in Mont Kiara).

Besides the comfort of these amenities, residents of Desa Kudalari also enjoy the lush greenery surrounding the vicinity and the view of the iconic Petronas Twin Towers, the lush KLCC Park and of the Royal Selangor Golf Club. It has got a pretty awesome location right smack in the middle of Kuala Lumpur, nay the Klang Valley.

Walkability Factor

Desa Kudalari has a GoodPlace Walkability Score (GWS) of 81 (pretty similar to many other condominiums in the Binjai zone). For more information what this Score means, and to download our KLCC Walkability Map (it’s free), go here.

This map below can be used to check where the closest amenities to the Desa Kudalari are (play around with the icons on the right sidebar).
[poiautomap address=”KLCC Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Desa Kudalari[/poiautomap]

Configuration + Facilities

The property is made up of five blocks that consists of a 19-storey tower that has five condominium units per floor and 3-storey link houses that are made up of cabana units. A typical condominium unit has built up size of 2,145 sqf with three bedrooms (moderately sizable by KLCC standards – comparable to Avare and Ampersand), while a cabana is built-up at 800 sqf with one bedroom.

Besides the facilities typical to most condominium units such as a barbecue area, covered parking, sauna, playground, swimming pool, wading pool and round the clock security, dwellers of Desa Kudalari also enjoy a jogging track, a tennis court and a restaurant/bar right next to the swimming pool.

About The Developer – Tan & Tan

This property was developed by the well-established Tan & Tan Developments Bhd. Desa Kudalari paved the way for this firm to create a name in the luxury residential development niche. Other notable projects include Cendana (also in the KLCC area, off Jalan Sultan Ismail – profiled here), One Jelatek and Sucasa, to name a few. Current developments include Park Manor, G Residence and Hampshire Place (in the cluster of condominiums in Persiaran Hampshire).

Tan & Tan has indeed made a name for itself as a premier property developer in the Klang Valley. One of its future projects, Three28 Tun Razak, is said to have been the apple of the eye of some foreign investors.

Picture of Desa Kudalari

Desa Kudalari boasts of lush gardens and greens – something of a rarity among the newer KLCC apartments

Meanwhile, there is talk that Desa Kudalari unit owners are up for an en-bloc potential in a few years (as blogged by our favorite real estate blogger Sin Leong back in 2008). It means that the developer might buy back the units from the owners and make a new development out of the old one. This trend, rather prevalent in Singapore, has yet to catch on in Malaysia. Will it happen sometime near the future? Only time will tell. If you’re thinking of investing here, then make sure you pay a fair price – here’s a handy guide to help you do just that.

Bang for the Buck: Desa Kudalari Pricing Information

Despite its age, at almost three decades old, Desa Kudalari is a well-maintained property. Its facilities are not behind the race and the location is just excellent. To some, even its rustic look is a beauty to behold.

Priced at RM800 psf for its sub-sale units, though, it is rather expensive (especially when given its age) and is already comparable to newer condominiums such as Bintang Goldhill off Jalan Tun Razak, although still cheaper than the average KLCC condominium. Rental rates are going between RM2.50 to 3.50 depending on unit condition – this could be seen as a bargain especially when compared with other condominiums in the KLCC enclave.

[dc]T[/dc]he first ever luxury condominium in Malaysia, Desa Kudalari, was completed in 1984. This 7-acre freehold residential property is situated at the heart of the city centre, between The Oval, PNB Darby Park Executive Suites and the Tan & Tan Building on Jalan Tun Razak. It is walking distance from the world-famous Petronas Twin Towers, and a neighbor to a number of luxury condominiums. Some of its immediate neighbors are The Binjai On The Park, Stonor Park, Park Seven and Platinum Park. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Desa Kudalari. Since it is located in the prime location of KLCC (classified as Zone B as per KLCCcondominiums.com.my zoning definitions), the property is easily accessible. Desa Kudalari may be accessed through Jalan Conlay, Jalan Stonor or Jalan Kia Peng which are linked to Jalan Tun Razak. [spotlight role="target"][feature_box title="Listings For Desa Kudalari" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] You may also opt to access it through Jalan Ampang or Jalan Bukit Bintang. If you opt to access it through train, there are Raja Chulan Monorail and Rapid KL LRT stations just around the vicinity. This property is also highly walkable - more information on its walkability later in this review. Insider Gossip! We regularly receive "gossip" about properties in KLCC from industry insiders - agents, negotiators, researchers, buyers and sellers. Below is a selection of insider gossip about Desa Kudalari which you can "unlock" with a Facebook like. Disclaimer: use this information at your own risk; these have not been independently verified in any way. [to_like id="1377"][feature_box title="Insider Gossips" title_color="fff" header_color="F5BA47"]Desa Kudalari is old (by any standard imaginable), and the upward yield is limited. There have been rumours of en-bloc purchasing for some time now, and we won't be surprised if there are savvy investors who are buying up handful of units to capitalize on the possibility of a mass buyout. Its location is super strategic, and given that RM2,000 PSF payouts on land are not unheard of, this may be a worthwhile investment.[/feature_box][/to_like] All-in-One Convenience When you live in the KLCC enclave, it is a given that you've got it all. Shopping, dining, health, recreation, schools, hospitals, name it. It's not the city centre for nothing. Living in Desa Kudalari means having access to a number of shopping centres, including the posh Suria KLCC, Ampang Park Shopping Centre and Bukit Bintang. Craving Japanese food? Try Benkay on Jalan Ampang. And if you change your mind along the way, Jalan Ampang is still the right place since it is lined with restaurants serving different cuisines. If you're up for a drink or two, Jalan P Ramlee has the Lunar Bar, Nuovo and Rum Jungle Bar & Restaurant to cater to your cravings. If you are an expatriate, this is also a very strategic place to live in because almost all the embassies are nestled in the area. And if you have children who are still going to school, there are a number of International Schools…

SherpaScore: Desa Kudalari

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Fair

As a Tan & Tan development, despite its almost 30 year old age, Desa Kudalari still enjoys some buzz once in a while. It has a nice rustic aura that may be desirable for some.

User Rating: 2.58 ( 1 votes)
57

If you are considering to invest in a unit here at Desa Kudalari (perhaps for en-bloc opportunities in the future), always consider the “fair market value” instead of the asking prices which could be arbitrarily placed by prospective sellers and agents. Use this guide below to help you do just that –

klcc-hartanah

Suria Stonor

December 8, 2013 — 7 Comments

The Suria Stonor, located in the heart of the KLCC enclave, if the marketing literature is to be believed, is created for the hip, modern, and contemporary in mind, its appeal to the young urban warriors living fast-paced lifestyles. Tucked in a corner off Persiaran Stonor, it’s not the most central of locations, but to some of the tenants that we spoke to, this is godsend.

Click here
(and scroll down if needed) if you are looking for property listings for Suria Stonor.

Particularly popular with expatriates, Suria Stonor is developed by the Glomac (the developer behind Lakeside Residences, Puchong, Reflection Residences at Mutiara Damansara and the Glomac Centro mixed development near Bandar Utama). As we have seen elsewhere, Glomac seems to be rather focused on mid-of-the-range properties, and Suria Stonor is reputedly its first foray into the luxury market.

Unit Details & Sizes

Suria Stonor, KLCCThe Suria Stonor is a two-tower condominium, each with 23 storeys. The singles and families would enjoy its large-spaced units, ranging from 3,282 to 8,604 square feet.

One bedroom units measure at 3,282 square feet. A duplex unit measures at 5,402 square feet. A penthouse unit would measure at 8,604 sq ft, and features a private lift.  If lush living coupled with the comforts and luxury of modern living suits you fine, then it’s about time to check out the Suria Stonor.

With only four units per floor, the density factor is low. This is a marked difference from the regular off-the-mill KLCC condominiums which are often packed to the brim in order to maximize the usage of the premium freehold land. +1 for Suria Stonor indeed. 🙂

Suria Stonor Prices

Asking prices for units at the Suria Stonor have been hovering just below the RM1,000 PSF mark for some time now; there have been reported transactions at mid RM700’s back in 2010 and 2011. The asking prices have been increasing since then – recent searches done at the local property portals returned results of listings with asking prices ranging from RM800+ PSF to a whopping RM1,300 PSF. Evaluate the “fairness” of these asking prices (don’t ever overpay!) using this handy “how to value your property” guide which can be downloaded for free here.

The chart below shows the asking prices for Suria Stonor units for the past few months. Data source: publicly available classifieds and online listings.

The units have a variety of views of either the Bukit Bintang shopping district, the lavish green of the Royal Selangor Golf Club or the neighbouring Park Seven or Stonor Park condominiums. Suria Stonor is located on Lorong Stonor, and right behind the Embassy of Vietnam.

Suria Stonor pictureBeing off a close-ended alley means that the area is less congested than, say, where Marc Residence and OneKL are, Suria Stonor is perhaps one of the best choices for those who want city living without the traffic jam problems which plague the other KLCC condominiums. The area surrounding Suria Stonor is populated by embassies, bungalows and a score of low rise developments. So, it’s relatively peaceful here. 🙂

Insider Gossip

We regularly receive information and insider “opinion” about KLCC properties – below you can find the latest “gossips” about Suria Stonor which will provide you with an extra vantage point. Caution: these are “gossips” which have not been verified, and so you will agree to be responsibility for your own actions. In short, do not solely rely on this when you make buy or sell decisions. 🙂

[to_like id=”1377″]

[/to_like]

Classy Interiors, Lush Exteriors

Take a look at The Suria Stonor’s interior designs and you’d know why Kuala Lumpur’s young, rich, and elite lists Suria Stonor as one of the top choices for a bachelor pad. Units are spacious, crafted with large windows and high-ceilings. Hip and contemporary, elegant and luxurious—all these can describe what living means at the Suria Stonor.

If looking at the listings bore you, why not let us do the hard work for you? Use our DealFinder service to get a list of mint Suria Stonor properties for sale or for rent. You don’t have to pay anything for the service… zilch, zip, nada. 🙂

The Suria Stonor also boasts of lush and pristine greenery that surround the condominium. Its “Garden in the Sky” concept is a quick respite for those who need a break away from it all from the fast-paced living Kuala Lumpur offers.

Modern Facilities for Everyone

The Suria Stonor offers various facilities and amenities for people with different lifestyles. The lounge pool is great for social-mingling and parties. The sun deck is also perfect for social gatherings, barbecues, and get-togethers. Its sauna is definitely relaxing. Recharge your batteries at Suria Stonor’s fully-equipped gym. Beat the heat by taking a plunge in the Suria Stonor’s semi-cantilevered swimming pool.

Your guests and relatives can relax at The Suria Stonor’s guest apartments after a long night of partying and socializing. Let your kids roam around the playground. If living a lush life is your fancy, then living at the Suria Stonor is definitely for you. Check out this rather fancy pool located at a floor above the entrance – we like it a lot. 🙂

Copyright KLCCcondominium.com.my. All rights reserved. DO NOT USE OR COPY WITHOUT PERMISSION.

Minus points? Well, not many, but for the especially picky, the condominium is situated right next to an un-kept empty land which is rather dumpster-like, unfortunately (see this picture below). And if the land does get acquired later, you might just have another slab of concrete blocking your fancy view of, well, Jalan Tun Razak.

Copyright KLCCcondominium.com.my. All rights reserved. DO NOT USE OR COPY WITHOUT PERMISSION.

Nearby Amenities + Walkability Scores

Situated within peaceful greenery and quiet surroundings, the Suria Stonor is indeed a nestled haven within the streets of Kuala Lumpur. Being in the KLCC enclave allows Suria Stonor to be at the heart of everything—entertainment, dining, lifestyle, business, and shopping. Restaurants and shopping malls are all a stone’s throw away (although not really within walking distance); while offices and office towers are also located nearby.

Copyright KLCCcondominium.com.my. All rights reserved. DO NOT USE OR COPY WITHOUT PERMISSION.

International schools are also within The Suria Stonor’s proximity, making it attractive to expatriates and starting families. In fact, Eton House International School is just down the road.

Use this interactive map below to check where the closest amenities to the Suria Stonor are (click on the icons on the right).
[poiautomap address=”Suria Stonor Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Suria Stonor[/poiautomap]

According to our sister site GoodPlace.my’s walkability methodology, Suria Stonor’s Walkability Score is 68. While this is respectable in its own right, it is somewhat lower when compared to other “Binjai” condominiums (which typically score 80+). For more information on walkability scores, click here (where you can also download a free high resolution walkability map).

What We Think

Our verdict? Fairly priced condominium which should appeal to many who are seeking to live a city life. Also, Glomac is an established developer with a strong track record, and so that’s definitely a plus. Its flagship Lakeside Residences in Puchong has been a resounding success, and it seems that it is scoring similar victories even among luxury residences.

Entrance to the condominium

The mushrooming of condominiums in the Binjai area is both a blessing and a curse to Suria Stonor. Its neighbouring Park Seven has effectively blocked Suria Stonor of its coveted Petronas Twin Towers view, and anecdotal evidence shows that the prices of the units who used to face KLCC have somewhat taken a dip. The upcoming Platinum Park (by Naza TTDI) should have a positive spillover effect on Suria Stonor, and the recent dip below the RM1,000 PSF point in asking prices may indicate that there are bargains to be had.

[dc]T[/dc]he Suria Stonor, located in the heart of the KLCC enclave, if the marketing literature is to be believed, is created for the hip, modern, and contemporary in mind, its appeal to the young urban warriors living fast-paced lifestyles. Tucked in a corner off Persiaran Stonor, it's not the most central of locations, but to some of the tenants that we spoke to, this is godsend. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Suria Stonor. Particularly popular with expatriates, Suria Stonor is developed by the Glomac (the developer behind Lakeside Residences, Puchong, Reflection Residences at Mutiara Damansara and the Glomac Centro mixed development near Bandar Utama). As we have seen elsewhere, Glomac seems to be rather focused on mid-of-the-range properties, and Suria Stonor is reputedly its first foray into the luxury market. [spotlight role="target"][feature_box title="Listings For Suria Stonor" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Unit Details & Sizes The Suria Stonor is a two-tower condominium, each with 23 storeys. The singles and families would enjoy its large-spaced units, ranging from 3,282 to 8,604 square feet. One bedroom units measure at 3,282 square feet. A duplex unit measures at 5,402 square feet. A penthouse unit would measure at 8,604 sq ft, and features a private lift.  If lush living coupled with the comforts and luxury of modern living suits you fine, then it’s about time to check out the Suria Stonor. With only four units per floor, the density factor is low. This is a marked difference from the regular off-the-mill KLCC condominiums which are often packed to the brim in order to maximize the usage of the premium freehold land. +1 for Suria Stonor indeed. 🙂 Suria Stonor Prices Asking prices for units at the Suria Stonor have been hovering just below the RM1,000 PSF mark for some time now; there have been reported transactions at mid RM700's back in 2010 and 2011. The asking prices have been increasing since then - recent searches done at the local property portals returned results of listings with asking prices ranging from RM800+ PSF to a whopping RM1,300 PSF. Evaluate the "fairness" of these asking prices (don't ever overpay!) using this handy "how to value your property" guide which can be downloaded for free here. The chart below shows the asking prices for Suria Stonor units for the past few months. Data source: publicly available classifieds and online listings. [chart csv='http://klcccondominiums.com.my/data/suriastonor.csv' type='bar' category='Month' value='PSF' format='string, float' color='orange' title='Suria Stonor Asking Prices (PSF in MYR) - mouseover for details'][/chart] The units have a variety of views of either the Bukit Bintang shopping district, the lavish green of the Royal Selangor Golf Club or the neighbouring Park Seven or Stonor Park condominiums. Suria Stonor is located on Lorong Stonor, and right behind the Embassy of Vietnam. Being off a close-ended alley means that the area is less congested than, say, where Marc Residence and OneKL are, Suria Stonor is perhaps one of the best choices for those who want city…

SherpaScore: Suria Stonor

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Good

Glomac seems to unable to shake its "middle tier property" imagery even with a higher end project like Suria Stonor. While it boasts of a fairly good location, the design may be its undoing.

User Rating: 2.01 ( 2 votes)
68

We take note of the wide range of asking prices that are prevalent in the local property sites (with some listings advertising as low as RM700 PSF), and for this reason we recommend that prospective buyers dig deeper into the prices by looking at the historical transactions instead of relying merely on listings for pricing decisions. Use this guide from GoodPlace.my on how to know how much a property is worth – it will be emailed to you once you have entered your details below.

bawah

 

Binjai 8

December 8, 2013 — 17 Comments

Exciting times lie ahead as Binjai 8 (not to be confused with Binjai On The Park or Binjai Residences), the latest development from UOA Group, is already gracing the KLCC skyline well before its targeted completion date of end 2013. The property, which sits on one acre freehold land, is tagged to be a “modern home development”—a tower comprising of 40 storeys that houses 310 units, complete with all the modern facilities and amenities a typical urban-dweller would definitely ask for.

Click here
(and scroll down if needed) if you are looking for Binjai 8’s latest property listings.

Binjai 8 picture

Tucked in a corner just off Jalan Binjai, Binjai 8 is the cream-of-the-crop as far as Soho designs are concerned. I’d love to get a unit here!

The Binjai 8 is part of the recent trend of a slew of “Premium Soho” developments which was recently highlighted in this article in The Edge.

Like any condominium that is located in the KLCC enclave, residents can enjoy living in a location surrounded with the benefits and conveniences only the KLCC district can provide. The suite-service type condominium is within close range to the best restaurants, entertainment hubs, schools, hospitals, and shopping malls. Five-star hotels also surround the vicinity, including Nikko Hotel, Mandarin Oriental, and the Corinthian. Located at a sweet spot opposite the Corinthian and next to Binjai Residency, Binjai 8 is off Jalan Binjai which also houses the magnificent Troika.

Insider Gossips!

We have collected some “insider” information about this property which you can read by unlocking the box below via a Facebook like. Warning: this information has been relayed to us by third parties (agents and buyers mostly), and we have not independently verified them. Do not base your investment decisions based on this information alone.

[to_like id=”1377″]

[/to_like]

Binjai 8 Prices & Built-Up Areas

The Binjai 8 units start at 753 square feet. Its largest unit measures for 1,784 square feet. Units come in a typical one bedroom to a four bedroom layout. The massive tower comprises of 40 floors, and is divided into the following:

  • 33 storeys, exclusively for serviced residential suites
  • Seven floors for parking bays
  • Two floors reserved for recreational facilities and amenities

Units were made available to the public since December 2009, and the price per square feet was listed at RM1,000. This 2013, price per square feet is listed at RM844, and at RM1,180 per square feet for the condominium’s larger units.

Update: Check out the chart below for PSF price trends (updated as new data is loaded up in real time):-

As of this writing, it has been reported that almost 60% of the condominium units have been sold—interestingly enough—the property developer hasn’t even announced its official launch date yet. This says a lot about the potential of the condominium: if buyers and investors were willing to invest on a unit without even knowing when its slated launch date yet, I can only imagine the trust and confidence they have invested in the property (apart from the money, of course)—it must be through the roof. That is always a good sign, in KLCCCondominiums.com.my’s books. 🙂

[dc]E[/dc]xciting times lie ahead as Binjai 8 (not to be confused with Binjai On The Park or Binjai Residences), the latest development from UOA Group, is already gracing the KLCC skyline well before its targeted completion date of end 2013. The property, which sits on one acre freehold land, is tagged to be a “modern home development”—a tower comprising of 40 storeys that houses 310 units, complete with all the modern facilities and amenities a typical urban-dweller would definitely ask for. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for Binjai 8's latest property listings. [spotlight role="target"][feature_box title="Listings For Binjai 8" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] [caption id="attachment_246" align="aligncenter" width="600"] Tucked in a corner just off Jalan Binjai, Binjai 8 is the cream-of-the-crop as far as Soho designs are concerned. I'd love to get a unit here![/caption] The Binjai 8 is part of the recent trend of a slew of "Premium Soho" developments which was recently highlighted in this article in The Edge. Like any condominium that is located in the KLCC enclave, residents can enjoy living in a location surrounded with the benefits and conveniences only the KLCC district can provide. The suite-service type condominium is within close range to the best restaurants, entertainment hubs, schools, hospitals, and shopping malls. Five-star hotels also surround the vicinity, including Nikko Hotel, Mandarin Oriental, and the Corinthian. Located at a sweet spot opposite the Corinthian and next to Binjai Residency, Binjai 8 is off Jalan Binjai which also houses the magnificent Troika. Insider Gossips! [dc]W[/dc]e have collected some "insider" information about this property which you can read by unlocking the box below via a Facebook like. Warning: this information has been relayed to us by third parties (agents and buyers mostly), and we have not independently verified them. Do not base your investment decisions based on this information alone. [to_like id="1377"][feature_box title="Insider Gossips" title_color="fff" header_color="F5BA47"]Binjai 8 occupies a rather unique niche - it is designed to appeal to those who are looking for small or home offices in the KLCC enclave. The nearest option would be Troika (with limited soho units), and the new Soho Suites. There is an office space glut in KLCC, but given Binjai 8's smaller sizes it could be more competitive in the rental market. Also, its freehold status is a major plus. To many buyers that we spoke to, it seems to be the general consensus that the SOHO units are mostly suitable for offices given its high compactness and layout. Those thinking of buying a unit for own stay should think twice.[/feature_box][/to_like] Binjai 8 Prices & Built-Up Areas The Binjai 8 units start at 753 square feet. Its largest unit measures for 1,784 square feet. Units come in a typical one bedroom to a four bedroom layout. The massive tower comprises of 40 floors, and is divided into the following: 33 storeys, exclusively for serviced residential suites Seven floors for parking bays Two floors reserved for recreational facilities and amenities Units were made available to…

SherpaScore: Binjai 8

Location
Design
Amenities
Yield
Developer Reputation

Very Good

A rather niche development which boasts a great location. Should be one of the top choices for Soho units in the heart of KLCC.

User Rating: 4.31 ( 4 votes)
77

To Invest or Not to Invest…?

Picture of Binjai 8

Binjai 8 looks more like an office block – far sturdier, and rather good looking to boot!

Speaking of investment, it’s no wonder how quick units were sold ever since 2009 —apart from the convenience KLCC brings, it’s obvious that the luxurious condominium is capable of bringing state-of-the-art living complete with the luxury to its residents.

Facilities include: a full glass-clad gymnasium exclusive only to residents, as well as a sky lounge perfect for unwinding after a busy day of work (preferably with a drink in hand). There is also a swimming pool, function and business rooms, a visitor’s lounge for weary guests who got too tired from shopping at nearby Suria, and a meeting room. The entire condominium is broadband-ready, which means no-more-stealing-from-neighbour’s-unsecured-wifi-connection. Thank God. 🙂

As for security, the condominium has CCTVs installed, and requires an access card for residents to enhance the security within the premises. A 24-hour security patrol is on call 7 days a week.

Accessibility & Walkability

The location of the condominium makes it easy to travel anywhere. With links via KL Smart Tunnel, the Duta-Ulu Kelang Highway (DUKE), the Middle Ring Road 2, the North-South Highway, and the Pantai Baru Expressway, it’s always convenient to travel to anywhere. Public transportation can also be accessed easily, as Ampang Park RapidKL LRT station is just within distance. Cabs and bus stops are also prominent around the area.

Binjai 8’s GoodPlace Walkability Score is 81. For more information on what this means, and to download a free Walkability map, click here.

This interactive map below shows where the closest amenities to the Binjai 8 are. Click on the icons in the right sidebar. 🙂

[poiautomap address=”Binjai 8 Premium Soho Lorong Binjai Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Binjai 8[/poiautomap]

Pros vs Cons

It’s always appealing to invest on a property that is listed as a “modern-home-development”—and upon examining the list of facilities the Binjai 8 has in store for its residents—it’s definitely a catch. Being in a convenient location that gives access to all the happening and hip places in KLCC is a big plus, and it wouldn’t hurt that the building’s interiors and overall design all depict a modern home development that would go perfect with anyone who lives a fast-paced and an active lifestyle.

On the other hand, as with any other condominium in the KLCC area, the location is vulnerable to too much people and vehicles, so be ready for those hours being stuck in a traffic jam. This mini-enclave on Lorong Binjai is also highly dense with Binjai8, Troika and Binjai Residency literally side-by-side and perhaps too close for comfort.

We noticed that there are more than 650 “for sale” listings at one of our local property classified sites. I mean, really? That’s like the whole condo ;). Unfortunately, iffy listings are too common especially when it comes to upmarket properties, and Binjai 8 is of no exception. If you’d like to look at verified listings only (and save yourself the grief and hard work of finding real, available units), then let me know using this contact form.

We do think that the KL real estate market is trending towards mixed developments where one could literally walk to work, and SOHO developments are a “side effect” of this trend. The traffic jam problem in KL will only worsen over time, and with this SOHO developments such as Binjai 8 will gain more traction.

It is also interesting to note that the next door Troika also has got some SOHO units, and these might be a good alternative to Binjai 8. Remember to factor this in when figuring out what’s the best, “fair” price to pay for Binjai 8. Use this guide below to help you.

klcc-re

Platinum Park

July 26, 2013 — 2 Comments

Platinum Park KLCC is the second largest integrated mixed development site inside the Kuala Lumpur City Centre (KLCC) enclave. It is a freehold property that sits on a 9.1-acre land on Jalan Binjai, adjacent to the world-famous Petronas Twin Towers. It is walking distance from the posh Suria KLCC and is a neighbor to other luxurious residential developments such as The Binjai, Stonor Park, The Avare and Park Seven. Very prime location!

With RM1.6 billion in GDV at stake for NazaTTDI, expectations for Platinum Park is high

With RM1.6 billion in GDV at stake for NazaTTDI, expectations for Platinum Park is high

Access to the site is definitely not a concern since there are six (6) roads that lead to the entrance. Platinum Park is well-linked to major thoroughfares such as Smart and Federal highways, NPE, AKLEH, NKVE and the Duke Highway. The nearest LRT station is barely five minutes away. However, it must be noted that since this is located in the city centre, traffic congestion is to be expected especially during rush hours. But if you’ve decided to live in the KLCC enclave then you’ll know that traffic jam is a given 🙂

The entire development, made up of seven blocks integrated by a 1.5-acre private park, is set for completion in 2018. It consists of two luxurious residential towers (touted as the Platinum Residences), three Grade-A office towers, a six-star hotel, and a serviced residences block and will house 150,000 square feet of upscale retail area. It is expected to redefine Kuala Lumpur as a luxury haven in Southeast Asia. According to Datuk Johan Ariffin, Platinum Park is modeled after Hyde Park, London and Central Park, New York.

This integrated development made major headlines back in 2010 with the sale of one of its towers to Felda (the Federal Land Development Authority of Malaysia) for more than RM640 million.

Top of the Line Perks

Residents of the luxurious residences of Platinum Park KLCC will enjoy the following facilities:

  • Cabanas
  • Banquet hall
  • Swimming and wading pools
  • Jacuzzi
  • Sauna
  • Sky lounge
  • Tennis court
  • Covered parking
  • Multipurpose hall
  • 24-hour security

Health, Recreation & Well-Being

Dwellers of Platinum Park have a wide-range of recreational choices, given its proximity to KLCC. Besides a wide array of shopping and dining choices inside the posh Suria KLCC, residents may opt to go to the luxurious Mandarin Oriental or the famous Jalan Ampang for more variety.

For emergencies and other medical needs, the Gleneagles Intan Medical Centre, Ampang Putri Specialist Hospital and Prince Court Medical Centre are within the vicinity.

Care for a drink? Zouk Bar is right on Jalan Ampang and there’s a Hard Rock Cafe at the Concorde Hotel on Jalan Sultan Ismail. Other bars in the area include Nouvo, ALOHA and the Sky Bar at the Traders Hotel.

Parents need not worry about schools, as a number of international schools populate the area such as the Garden International School, Sayfol International, Julia Gabriel Center for Learning, Alice Smith and Mont Kiara International School.

Not Malaysian? Not a problem! Almost all the embassies are located within the vicinity for your consular needs.

Walkability Scores

Platinum Park boasts of a GoodPlace Walkability Score (GWS) of 87. For a description of what this score is, and to download a free KLCC Walkability Map, go here.

Also, use this interactive map below to check where the closest amenities to the Platinum Park are (use the shortcut icons on the right of the map).
[poiautomap address=”3.155401,101.718629″ zoom=”15″]Platinum Park[/poiautomap]

Platinum Park Living

Platinum Park KLCC is being developed by one of Malaysia’s top-caliber developers, Naza TTDI. Interestingly, Naza TTDI recently won six awards at the Asia-Pacific Property Awards 2013, which further gave them leverage. This development is the flagship of Naza TTDI, and is said to be the project which “catapults the company into the big leagues of property development“. In December 2010, IJM announced that it had been awarded the contract to complete the Third Phase of the development for more than RM460 million (ECM Libra research paper here – PDF download).

Platinum Residences I and II consists the residential block of the Platinum Park KLCC. Platinum Residences I is a 30-storey tower which has a total of 123 units while Platinum Residences II is a 42-storey tower which houses 164 units. Units are built-up from 550 sqf to 3,000 sqf, its larger units bigger compared to the units at The Meritz or Panorama KLCC but relatively smaller vis-a-vis units at the Stonor Park (4,000-6,000 sqf).

Residents of Platinum Residences will enjoy the great view of the famous Petronas Twin Towers and the tranquil Royal Selangor Golf Course. The residential towers are designed by no less than world-famous architectural firm Foster + Partners (the same designers behind the awesome Troika) and are interestingly designed with cantilevers to maximize the spectacular view from every unit.

[dc]P[/dc]latinum Park KLCC is the second largest integrated mixed development site inside the Kuala Lumpur City Centre (KLCC) enclave. It is a freehold property that sits on a 9.1-acre land on Jalan Binjai, adjacent to the world-famous Petronas Twin Towers. It is walking distance from the posh Suria KLCC and is a neighbor to other luxurious residential developments such as The Binjai, Stonor Park, The Avare and Park Seven. Very prime location! [caption id="attachment_441" align="aligncenter" width="480"] With RM1.6 billion in GDV at stake for NazaTTDI, expectations for Platinum Park is high[/caption] Access to the site is definitely not a concern since there are six (6) roads that lead to the entrance. Platinum Park is well-linked to major thoroughfares such as Smart and Federal highways, NPE, AKLEH, NKVE and the Duke Highway. The nearest LRT station is barely five minutes away. However, it must be noted that since this is located in the city centre, traffic congestion is to be expected especially during rush hours. But if you've decided to live in the KLCC enclave then you'll know that traffic jam is a given 🙂 The entire development, made up of seven blocks integrated by a 1.5-acre private park, is set for completion in 2018. It consists of two luxurious residential towers (touted as the Platinum Residences), three Grade-A office towers, a six-star hotel, and a serviced residences block and will house 150,000 square feet of upscale retail area. It is expected to redefine Kuala Lumpur as a luxury haven in Southeast Asia. According to Datuk Johan Ariffin, Platinum Park is modeled after Hyde Park, London and Central Park, New York. This integrated development made major headlines back in 2010 with the sale of one of its towers to Felda (the Federal Land Development Authority of Malaysia) for more than RM640 million. Top of the Line Perks Residents of the luxurious residences of Platinum Park KLCC will enjoy the following facilities: Cabanas Banquet hall Swimming and wading pools Jacuzzi Sauna Sky lounge Tennis court Covered parking Multipurpose hall 24-hour security Health, Recreation & Well-Being Dwellers of Platinum Park have a wide-range of recreational choices, given its proximity to KLCC. Besides a wide array of shopping and dining choices inside the posh Suria KLCC, residents may opt to go to the luxurious Mandarin Oriental or the famous Jalan Ampang for more variety. For emergencies and other medical needs, the Gleneagles Intan Medical Centre, Ampang Putri Specialist Hospital and Prince Court Medical Centre are within the vicinity. Care for a drink? Zouk Bar is right on Jalan Ampang and there's a Hard Rock Cafe at the Concorde Hotel on Jalan Sultan Ismail. Other bars in the area include Nouvo, ALOHA and the Sky Bar at the Traders Hotel. Parents need not worry about schools, as a number of international schools populate the area such as the Garden International School, Sayfol International, Julia Gabriel Center for Learning, Alice Smith and Mont Kiara International School. Not Malaysian? Not a problem! Almost all the embassies are…

SherpaScore: Platinum Park

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

Platinum Park is set to be a "mini enclave" within KLCC, and may prove to be a game changer for Naza TTDI.

User Rating: 1.56 ( 5 votes)
79

Platinum Park Asking Prices

The launch price of Platinum Residences is said to be at a whopping RM2,000 per square feet – note that the median price for a KLCC condominium unit is around RM1,000 per square feet. If there is truth to this, then a standard 550 sqf would require you to shell out RM1.1 million while a 3,000 sqf unit would cost a hefty RM6 million.

While this may sound expensive even by KLCC standards, remember that the recent spate of new launches of branded residences have been priced at this level (RM2,000 psf) – a “trend” possibly kicked off by the Banyan Tree launch (reviewed here). The jury is still out there when it comes to subsale value protection, but it’s useful to look at the transactional data which will give some directional insights on whether this price level is sustainable in the long run. Use this guide below to help you do just that –

petronas