Archives For Bukit Bintang

Contemporary Italian exteriors and interiors await residents at the Bintang Fairlane Residences, a freehold serviced residence located in Jalan Walter Grenier, tucked behind the Park Royal hotel. The Bintang Fairlane Residences is situated right next to the newly refurbished Lot 10 shopping mall. The serviced residence houses a total of 256 units, and residents have 34 layouts to choose from.

Click here
(and scroll down if needed) if you are looking for Bintang Fairlane Residences’ for sale listings.

Serviced residences may be dime a dozen these days, but will Fairlane Residences stack up against the rest of the city condominiums? We take a closer look…

Walkability Information

The advantage of a city condominium such as Fairlane Residences is that amenities are easily reached on foot. We have partnered up with GoodPlace.my to license their “Walkability Score” technology to evaluate the walkability of properties. In Fairlane Residence’s case, the GoodPlace Walkability Score (GWS) is 89 (on a scale from 0 to 100, with 100 being the best). For more information on the GoodPlace Walkability Score and to download a free map with details of GWS scores of (almost) all KLCC condominiums, click here.

Bintang Fairlane Residences

The our interactive map shown below can be used check where the closest amenities to the Fairlane Residences are (play around with the icons on the right).
[poiautomap address=”Bintang Fairlane Residences Jalan Walter Grenier Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Bintang Fairlane Residences[/poiautomap]

Being located near the always busy and hip district of Bukit Bintang (specifically, the trendy Bintang Walk) will offer modern convenience and recreation to Bintang Fairlane’s residents. Aside from this, the serviced residence is also close to public transport such as the Bukit Bintang Monorail station by foot within a few minutes.

Fairlane Residences, Bintang Walk

Fairlane Residences – as seen on Jalan Walter Grenier just right behind Fahrenheit on Jalan Bukit Bintang.

Bars, restaurants, malls, and cafés line up the entire Jalan P Ramlee, a stone’s throw away from Bintang Fairlane Residences. The nightlife is always alive in this area—a luxury nighthounds and those who love to have fun on a weekly basis would enjoy.

Bintang Fairlane Prices

The chart below shows the average asking prices monthly as collated by GoodPlace.my’s Pricing Tracker. Note that these are asking prices; for valuation purposes use the valuation guide download above.

Bintang Fairlane is a freehold development developed by Hotel Fair Lane, a subsidiary of Malaysian real estate developer giant Low Yat Group. There are a total of 256 units, and built-up areas among these units start at 495 square feet. Its size can go as large as 1,873 square feet. For its facilities, residents and potential investors may expect typical amenities. There is a 24-hour security system. The Bintang Fairlane Residences also has a swimming pool, a well-equipped gymnasium, a spa, and sky terraces.

The serviced residence is in KL’s Golden Triangle in KLCC. Being the centre of the city, going to and from to almost anywhere is easy. Residents can take Jalan Sultan Ismail to reach Jalan Ampang, Jalan Tun Abdul Rahman, or Jalan Kuching.

Fairlane Residences at the back of Park Royal Hotel

Avant garde design or modern monstrosity? You decide…

It’s easy to be entertained when one resides near Bukit Bintang. The area offers a lot of nightlife, shopping centres, recreational destinations, and pubs. Malls near the serviced apartment include the Suria KLCC, The Pavilion, Lot 10, Times Square, and the Starhill Gallery. All of these establishments are within walking distance.

Pros and Cons

It’s easy to become attracted to the Bintang Fairlane Residences because of its location — convenient and easy to go to. Its location also allows its residents to be in the centre of the city, making it easy to go to malls, cafes, restaurants, and offices with ease. However, one may find its near proximity to Bukit Bintang and Jalan P Ramlee as a problem. These locations are known to be noisy and prone to traffic jams, especially during the night and peak hours. Overcrowding can also pose as a problem, as Bukit Bintang and Jalan P Ramlee are popular tourist destinations. Investors may find short-term tenants as potential residents, mostly expatriates on a short holiday and with a few money to spend.

[dc]C[/dc]ontemporary Italian exteriors and interiors await residents at the Bintang Fairlane Residences, a freehold serviced residence located in Jalan Walter Grenier, tucked behind the Park Royal hotel. The Bintang Fairlane Residences is situated right next to the newly refurbished Lot 10 shopping mall. The serviced residence houses a total of 256 units, and residents have 34 layouts to choose from. [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for Bintang Fairlane Residences' for sale listings. [spotlight role="target"][feature_box title="Listings For Bintang Fairlane Residences" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] Serviced residences may be dime a dozen these days, but will Fairlane Residences stack up against the rest of the city condominiums? We take a closer look... Walkability Information The advantage of a city condominium such as Fairlane Residences is that amenities are easily reached on foot. We have partnered up with GoodPlace.my to license their "Walkability Score" technology to evaluate the walkability of properties. In Fairlane Residence's case, the GoodPlace Walkability Score (GWS) is 89 (on a scale from 0 to 100, with 100 being the best). For more information on the GoodPlace Walkability Score and to download a free map with details of GWS scores of (almost) all KLCC condominiums, click here. The our interactive map shown below can be used check where the closest amenities to the Fairlane Residences are (play around with the icons on the right). [poiautomap address="Bintang Fairlane Residences Jalan Walter Grenier Kuala Lumpur Federal Territory of Kuala Lumpur" zoom="15"]Bintang Fairlane Residences[/poiautomap] Being located near the always busy and hip district of Bukit Bintang (specifically, the trendy Bintang Walk) will offer modern convenience and recreation to Bintang Fairlane’s residents. Aside from this, the serviced residence is also close to public transport such as the Bukit Bintang Monorail station by foot within a few minutes. [caption id="attachment_1603" align="aligncenter" width="567"] Fairlane Residences - as seen on Jalan Walter Grenier just right behind Fahrenheit on Jalan Bukit Bintang.[/caption] Bars, restaurants, malls, and cafés line up the entire Jalan P Ramlee, a stone’s throw away from Bintang Fairlane Residences. The nightlife is always alive in this area—a luxury nighthounds and those who love to have fun on a weekly basis would enjoy. Bintang Fairlane Prices [feature_box title="Bintang Fairlane - Ringgit Matters" title_color="fff" header_color="f96e5b"] [dc]A[/dc]verage for sale prices for the Bintang Fairlane Residences have played around an estimated amount of RM1,100 to RM1,250 per square feet. This makes it slightly higher than the median KLCC apartment range, and it's arguable whether it's worth the asking price or not (given the lack of a "brand" which is all the rage nowadays with KL city condominiums. Use this valuation guide to find out what's the fair price to pay for a unit here at Bintang Fairlane.[/feature_box] The chart below shows the average asking prices monthly as collated by GoodPlace.my's Pricing Tracker. Note that these are asking prices; for valuation purposes use the valuation guide download above. [chart csv='http://klcccondominiums.com.my/data/bintangfairlaneresidences.csv' type='bar' category='Month' value='PSF' format='string, float' color='orange' title='Bintang Fairlane Residences Asking Prices (PSF in MYR) -…

SherpaScore: Bintang Fairlane Residences

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Good

It might be a bit overpriced when compared with similar developments, but it boasts such a beautiful Italian-inspired facade that will simply take your breath away. Props for great design and it would have been perfect if the price is less hefty.

User Rating: 1.75 ( 6 votes)
63

However, given the current trend towards branded luxury residences (see: RuMa, E&O Residences, St Regis, Four Seasons, St Mary Residences) it may be hard to justify the premium that one has got to pay for a unit at Bintang Fairlane.

Available units at Fairlane Residences may be hard to come by, but we can help do the research for you and send you a list of good units for sale or for rent if available. This service is free. Get started by filling up this online form.

Given its location there may be a market for short lets (AirBnB style) with a competitive pricing strategy below the major hotels in the Bintang Walk area; but if this is the business that you don’t want to be in (read this blog post) then you might want to consider elsewhere – you won’t run out of choices if you’re willing to pay RM1,200 PSF! For a guide on the fair price of Bintang Fairlane, use this guide below –

klcc-hartanah

Pavilion Residences

August 19, 2013 — 6 Comments

Standing on what used to be Bukit Bintang’s all girls’ school is the six-star (pardon the hyperbole – that’s like saying 110% which is mathematically impossible!) condominium on top of the Pavilion mall – you guessed it, the Pavilion Residences. Fancy living on top of an upmarket mall right smack in the heart of Kuala Lumpur’s premier shopping district? Then look no further. 🙂

Pavilion Residences, Bintang Walk

The twin towers of Pavilion Residences as viewed from Fahrenheit, Jalan Bukit Bintang

Located on one of the prime-st spots of Jalan Bukit Bintang (or known by its trendier, slightly more pretentious name of Bintang Walk), Pavilion Residences is right at the heart of shopping action. Bintang Walk is famous for being Kuala Lumpur’s “high street” – the area is lined with shops with all kinds of merchandise. You name it, we’ve got it!

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

When launched and completed in 2009, available reports claim that the property sold like hotcakes, with foreigners as the majority buyers. We are not surprised by this at all; Pavilion was marketed rather brilliantly as one of the first branded residences (this was then followed by RuMa, Four Seasons, St Regis amongst others), and its rather unique proposition at that time (residential suites on top of luxury shopping outlets) completely hit the proverbial spot. Pavilion Residences is a leasehold property.

Pavilion’s Walkability Scores

The advantage of being right on top of a shopping mall means that most amenities are reachable by foot. Unsurprisingly, Pavilion Residences enjoy superior walkability; in fact, its GoodPlace Walkability Score (GWS) is 99 out of a possible 100. For more details on how walkability is scored, and to get a free downloadable map of KLCC and the city with the walkability scores mapped out, go here.

You can also use this map below to check where the closest amenities to the Pavilion Residences are. The map is interactive – click on the shortcuts on the right to toggle the location of the amenities.
[poiautomap address=”Pavilion Residences Jalan Bukit Bintang Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Pavilion Residences[/poiautomap]

Pavilion Residences Pricing Details

Below is a bar chart of the average asking prices for Pavilion Residences for the past few months (when available). Use the chart to see the pricing trend (since there is a high correlation between asking and transacted prices – although these is a lag period).

Gossips!

The section below is a collection of what we call “insider gossips” – these are unvalidated information that we have received from industry insiders (agents, negotiators, builders, contractors, buyers, sellers) regarding the Pavilion. Do exercise caution and never base your investment decision based on this information! To access, simply unlock with a Facebook ‘like’.

[to_like id=”1377″]

[/to_like]

Pavilion’s Standard Configuration

View of the Pavilion from Bintang WalkPavilion Residences is made up of two blocks, with Tower 1 having 43 storeys and Tower 2 standing at 50 storeys tall. The 43-storey Tower 1 houses a total of 163 units while Tower 2 has 205, bringing the grand total of 368 units in all. There are 6 types of units that buyers may choose from based on the average built-up size and number of rooms:

  • 1-bedroom units – there are only six (3 in Tower 1 and 3 in Tower 2) of this type which has a built-up size of 700 sqf.
  • 2-bedroom units – there are 147 (63 in Tower 1 and 84 in Tower 2) of this type which has a built-up size of 1,358 sqf.
  • 3-bedroom units – this type has a built-up size of 2,310 sqf and there are 153 units of these (66 in Tower 1 and 87 in Tower 2)
  • 4-bedroom units – there are 48 (24 each in Tower 1 and Tower 2) of this type which are sized 3,854 sqf.
  • Duplex penthouses – this type has a built-up size of 6,347 and there are only 12 (6 in each tower) units.
  • Penthouse – there are only two penthouse units (1 each for Tower 1 and Tower 2). These are humongous units with built-up size of 12,326 sqf).

Residents of this posh condominium are provided topnotch facilities that include sundeck, tennis court, swimming and wading pools, barbecue area, function room, aerobics/yoga room, multi-purpose hall with kitchen, laundry room, changing room, spa treatment area, children’s playground, landscaped garden, reception area, car park and business center. Security key cards are provided to residents on top of the round-the-clock security.

The roof deck of Pavilion shopping mall serves as Pavilion Residences’ facilities floor.

Our Analysis

When it was launched in 2009, Pavilion Residences was a resounding success and it was not hard to see why – a strong brand with a unique positioning. Some would compare it to K Residence for some marked similarities (premium location, being on top of an upmarket mall), but this comparison is not that apt because of the following reasons:-

  • Avenue K is nowhere near the stature of the Pavilion mall in terms of prestige and traffic
  • Branding is becoming a strong driver of sub sale value, and again K Residence is not in Pavilion’s league. Branded residences like RuMa and Four Seasons are now exceeding the RM2,000 PSF point and this is where Pavilion is headed to.

Pavilion Residences, KLCC

Therefore, if we are to compare it with K Residence side-by-side, the latter seems to give better value for money, but we would prefer Pavilion for its sub sale value and also for the rental yield. There is a market for short term lets (popularized by the likes of AirBnB), and if this is the objective, then the better comparison properties would be Bintang Fairlane (down Bintang Walk next to Lot 10) and Crown Regency (on Jalan P Ramlee).

[dc]S[/dc]tanding on what used to be Bukit Bintang's all girls' school is the six-star (pardon the hyperbole - that's like saying 110% which is mathematically impossible!) condominium on top of the Pavilion mall - you guessed it, the Pavilion Residences. Fancy living on top of an upmarket mall right smack in the heart of Kuala Lumpur's premier shopping district? Then look no further. 🙂 [caption id="attachment_1608" align="aligncenter" width="557"] The twin towers of Pavilion Residences as viewed from Fahrenheit, Jalan Bukit Bintang[/caption] Located on one of the prime-st spots of Jalan Bukit Bintang (or known by its trendier, slightly more pretentious name of Bintang Walk), Pavilion Residences is right at the heart of shopping action. Bintang Walk is famous for being Kuala Lumpur's "high street" - the area is lined with shops with all kinds of merchandise. You name it, we've got it! [spotlight role="switch"]Click here[/spotlight] (and scroll down if needed) if you are looking for property listings for Pavilion Residences. [spotlight role="target"][feature_box title="Listings For Pavilion Residences" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] When launched and completed in 2009, available reports claim that the property sold like hotcakes, with foreigners as the majority buyers. We are not surprised by this at all; Pavilion was marketed rather brilliantly as one of the first branded residences (this was then followed by RuMa, Four Seasons, St Regis amongst others), and its rather unique proposition at that time (residential suites on top of luxury shopping outlets) completely hit the proverbial spot. Pavilion Residences is a leasehold property. Pavilion's Walkability Scores [dc]T[/dc]he advantage of being right on top of a shopping mall means that most amenities are reachable by foot. Unsurprisingly, Pavilion Residences enjoy superior walkability; in fact, its GoodPlace Walkability Score (GWS) is 99 out of a possible 100. For more details on how walkability is scored, and to get a free downloadable map of KLCC and the city with the walkability scores mapped out, go here. You can also use this map below to check where the closest amenities to the Pavilion Residences are. The map is interactive - click on the shortcuts on the right to toggle the location of the amenities. [poiautomap address="Pavilion Residences Jalan Bukit Bintang Kuala Lumpur Federal Territory of Kuala Lumpur" zoom="15"]Pavilion Residences[/poiautomap] Pavilion Residences Pricing Details [feature_box title="How Much Is Pavilion Residences Worth?" title_color="fff" header_color="f96e5b"] Current market prices for Pavilion Residences indicate a range of RM1,300 psf to RM2,000 psf. Rental rates are pegged at a range of RM4.20 to RM7.90 psf. What would be the ideal price to pay for a unit at Pavilion given these rates? Find out using this property valuation guide which you can download for free courtesy of GoodPlace.my.[/feature_box] Below is a bar chart of the average asking prices for Pavilion Residences for the past few months (when available). Use the chart to see the pricing trend (since there is a high correlation between asking and transacted prices - although these is a lag period). [chart csv='http://klcccondominiums.com.my/data/pavilionresidences.csv' type='bar' category='Month' value='PSF' format='string, float' color='orange' title='Pavilion Residences Asking Prices (PSF…

SherpaScore: Pavilion Residences

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Very Good

A high class residence that shines around the Jalan Bukit Bintang area thanks for its strong brand backing and ideally unique location

User Rating: 4.08 ( 7 votes)
75

Pavilion Residences is leasehold and this may also put it at a disadvantage against most city and KLCC condominiums which are largely freehold. However, we have not seen drastic differences in performance in the sub sale market between leasehold and freehold city condominiums, and so this matter may well be irrelevant. 😉

If you’d like us to research for available Pavilion Residences units in the sub sale market, let us know and we’ll help you. This service is free for now.

For an easy way to determine the fair market value for a unit at Pavilion Residence using the “comparative property” method, use GoodPlace.my’s property valuation guide. For your free copy to be emailed to you, simply enter your name and email below.

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