This page is frequently updated to document the new property launches in Kuala Lumpur for 2014 and beyond. Remember to check back often! If you have got new updates, please do contact me.
Situated on Jalan Sultan Ismail opposite the Cendana about 1km away from KLCC, 188 Suites is a project by YNH Property (Fraser Place, Kiara 163, Ceriaan Kiara). It has had several “reincarnations” as Lot 188, Fraser Residence, 3KL), and while it was first said to be completed in 2013, it’s still under construction at the time of the review. Originally from Sri Manjung in Perak, YNH has transformed from a small-time contractor to a luxury condominium developer in the city.
188 Suites consist of two blocks (22 and 26 storeys respectively), housing nearly 450 units of serviced apartments. Sizes are from 648 sq ft (studios) to 1,293 sq ft (two bedroom apartments). Differentiators are a 3,000 sq ft Sky Gym as well as a 6,000 sq ft Sky Lounge.
|Review||Good value although location in Cendana area and its leasehold status may be a deterrent to some.|
|Location||Jalan Sultan Ismail|
|Price||RM900 - 1,300 PSF|
|Dates||2013 launch; under construction|
|Sizes||610 sq ft - 1,200+ sq ft|
KSK Land’s rather audacious debut in KL city, 8 Conlay occupies a four acre land on Jalan Conlay which the developer paid some RM568 million for (translating to a hefty RM3,300 PSF). For that kind of price, there’s very little room for screw-ups… 😉
This mixed development consists of serviced apartments (650 – 1,200 sq ft) as well as a five star hotel with 260 rooms and 350 apartments. At the time of writing, the developer is looking for branding opportunities with international hoteliers. Additionally, there will also be a retail component with some 188,000 square feet of let-able area.
|Review||Premium prices mean that partnering up with a strong hotelier brand is essential.|
|Type||Integrated development; serviced apartment + hotel + retail|
|Dates||Launch early 2015|
Cecil Chao Centre
Hong Kong tycoon Cecil Chao’s pet project, this freehold residential project is located off Jalan Perak, facing Menara KL. Measuring at nearly 2.7 acres, this project will feature four towers of upscale condominiums (three blocks at 50-storeys and one block at 36-storey). There will be a total of 879 units in the offering with built-up areas measuring between 600 sq ft and 2,241 sq ft. Prices for the first phase of the launch have been set around the RM1,500 PSF point.
By the way, we understand that the “Cecil Chao Centre” moniker has been rejected by DBKL (surprise, surprise), and at the time of writing this project has yet to be named officially.
|Name||Cecil Chao Centre (unofficial)|
|Review||These are early days, but pricing seems fair for its location and value proposition.|
|Location||Off Jalan Perak|
|Price||RM1,500 PSF (first phase)|
Damansara City is set to be Goucoland’s jewel in the crown; valued at RM2.5 billion, it occupies a premium 8.5-acre tract of freehold land just right beside Pusat Bandar Damansara. It comprises of two residential towers (28 storeys each), a hotel, a four-storey shopping mall and two blocks of office units.
At the time of writing, the residences (DC Residency by Clermont) is available for booking. Managed by Clermont (operators of a chain of branded, luxury hotels), the serviced residences have built-ups from 938 to 3,058 sq ft. In total, there are 370 apartments in the offering. Prices average around the RM1,500 PSF point, which makes it comparable to the pricing median of KLCC condominiums.
Goucoland’s other project in the city is 3 Kia Peng.
|Review||An integrated development in Damansara Heights? A complete no-brainer.|
|Type||Mixed commercial development|
|Price||DC Residency launched at around RM1,500 PSF|
|Dates||DC Residency launched in 2013|
This RM447 million project right in the heart of the Golden Triangle is helmed by a generically named company “Dorsett Bukit Bintang Sdn Bhd”, but the grapevine has it that Mayland (Regalia, Plaza Damas) is its developer. As a developer, Mayland has got its fair share of detractors (do a quick Google search for fancy “love letters”), but we’ve got to give it up for its hustling skills. 😉
These service suites comprise of studios as well as 2-3 bedroom apartments, with sizes ranging from 652 sq ft to 1,333 sq ft. Prices are indicatively between RM1.256 million to RM2.55 million. Units come fully furnished.
Dorsett Residences is right next to the Dorsett Regency hotel on Jalan Imbi (incidentally also built by Mayland), opposite the Tribeca. This piece of land is as premium and central as it gets, and the city dwelling tenant will find the location hard to beat.
|Name||Dorsett Residences Bukit Bintang|
|Review||Central location in the heart of Bukit Bintang with good entry price levels.|
|Location||Jalan Bukit Bintang|
|Price||RM1.256 MM onwards|
|Dates||Mid 2014 launch|
|Size||652 sq ft (studios), 802 - 1,098 sq ft (2-bedroom suites), 1,333 sq ft (3-bedroom suite)|
Land & General (L&G) Bhd’s high profile project on the Embassy Row area of Ampang, The Elements is a condominium development with two blocks housing some 1,040 units with sizes ranging from 520 sq ft to 1,570 sq ft. Amenities include a jacuzzi, miniplex, a “floating” gym, Zen gardens as well as concierge services. This is a freehold project.
At the time of this review, prices in the sub-sale market are already exceeding the RM1,000 PSF point. Pundits are predicting an over-supply in the area with M-City, Arte + and 3Towers in nearby areas.
|Review||Heavy incoming supply in the area may stifle prices in the sub sale market.|
|Developer||Land & General + Mayland (JV)|
|Price||Sub-sale >RM1,000 PSF|
The full name of Exsim’s debut in the KL city is a mouthful “Expressionz Professional Suites @ Tun Razak.” It comprises of two towers – Tower A (52 storeys) and Tower B (42 storeys). Out of the two, the former is positioned to be “more premium” with the coveted Petronas Twin Towers view. There are 449 units in the offering.
Tower A features a number of “loft duplexes” as well as units with two- and three-bedrooms with sizes from 1,300 sq ft. Tower B has got smaller units (650 – 850 sq ft). Selling prices are from RM895,000.
|Name||Expressionz Professional Suites @Tun Razak|
|Review||Its location may be off putting to some.|
|Location||Off Jalan Tun Razak|
|Price||From RM895,000 a pop|
|Dates||Completion in second quarter of 2018|
Hotel Fortuna (Jalan Berangan)
Little known developer KKH Pavilion has acquired Hotel Fortuna on Jalan Berangan (off Jalan Sultan Ismail) to be turned into a single 55-storey block of 456 serviced apartments. There will also be areas for retail and recreational outlets according to plans submitted to DBKL.
The hotel was sold at about RM100 million in late 2013.
Jalan U-Thant (near Cuban embassy)
Lembaga Tabung Angkatan Tentera (LTAT) has purchased a tract of 13.7 acres of land on Jalan U-Thant (near the embassy of Cuba) for more than RM330 million. During the time of writing it is unknown what LTAT is going to do, but the talk of town is that a new low density luxury residences project will be built on that land.
KL Eco City
This one’s a biggie. Located opposite Midvalley, KL Eco City is an integrated development comprising of 3 residential towers, one serviced apartments tower, 3 corporate office towers, 12 boutique office blocks and one retail podium. Spread over more than 60 acres of leasehold land, KL Eco City is set to be one of SP Setia’s biggest projects in the city.
Launch prices for the condominiums (the Vogue Suites) were at the RM1,300 PSF range which was seen as premium (compared to the nearby Northpoint at Midvalley which was at RM1,000 PSF in the sub sale market). With the huge incoming supply into the area (new projects in Bangsar South and the “central” Bangsar area like The Establishment) we do expect the prices to taper off.
|Name||KL Eco City|
|Review||Should perform well, although the glut from the spillover in Bangsar South and Bangsar remains a concern.|
|Type||Mixed commercial development|
|Location||Opposite Midvalley City|
|Price||Vogue Suites launch at RM1,300 PSF|
|Dates||Launch in 2011; development in progress|
M101 (Meridian 101°) Dang Wangi
Situated on Jalan Kamunting in the Heritage Row area off Jalan Dang Wangi, M101 (or Meridian 101°) Dang Wangi is a mixed development project by M101 Holdings. A freehold project, M101 Dang Wangi is spread across 11,500 sq ft of land, and will consist of twelve storeys of SOFOs as well as four storeys of retail units. The former come in three types: A (400 sq ft), B (471 sq ft) and C (481 sq ft). Launch price was around the RM1,400 PSF level.
M101 Holdings seems to be building a niche in buying up small (and odd-sized) parcels of land in the KL city and building projects which maximizes small areas for efficiency. Similar projects (under the M101 brand) have been lined up in Jalan Imbi and Jalan Raja Chulan.
|Name||M101 Dang Wangi|
|Review||A decidedly "niche" project with bite-sized apartments in a slightly off-centre location.|
|Type||Mixed Development (SOFO + retail)|
|Price||RM1,400 PSF during launch; from RM564,000|
|Sizes||400 sq ft, 471 sq ft, 481 sq ft|
An OSK project, Mirage Residence comprises of a single block of upscale condominiums located on Jalan Yap Kwan Seng. There’s a wide variety of designs to choose from: from single bedroom units to duplex penthouses with sizes ranging from 850 sq ft to 3,057 sq ft. Prices range from RM1+ to RM5.4+ million. Expected completion is in the first quarter of 2015.
Mirage Residence is freehold property.
|Review||Low density (only 102 units) in a freehold, premium location from a reputable developer. Thumbs up!|
|Location||Jalan Yap Kwan Seng|
|Dates||Completion in Q1 2015|
|Size||850 sq ft - 3,057 sq ft|
A serviced apartments project by Alfranko Developments, a subsidiary of the Alfranko Group which is quite a big baller property developer in Russia and in a cluster of European countries. Novo Ampang is a one block apartment building housing some 421 units with expected price between RM1,200 to RM1,600 PSF. Built-up sizes range from 682 to 865 square feet.
Novo Ampang occupies a rather sweet spot on Jalan Ampang (right opposite Gleneagles Hospital), and its north-south orientation means that tenants don’t get affected by the dreaded “evening sun”, unless, of course, you’re Russian with a penchant for scorching Malaysian heat. 😉
|Review||Good location and small sizes mean that take up rates should be strong.|
|Developer||Alfranko Developments Sdn Bhd|
|Price||Sub-sale >RM1,000 PSF|
|Dates||March 2014 launch (planned)|
|Size||683 - 865 sq ft built-up|
Platinum Park (Platinum Residences)
Platinum Park is reviewed here. The first of the two residential towers (containing some 1,000 serviced apartments in total) is set to be launched by the end of 2014. The 500 units to be offered in this phase have built-up sizes between 600 sq ft and 1,000 sq ft. Pricing information unavailable at the time of writing.
The first tower will take about five years to complete. Platinum Park is Naza TTDI’s high profile integrated development in the heart of KLCC worth some RM4 billion in GDV.
|Review||The biggest integrated development in KLCC, ever? Naza won't screw this up, you can bet on that.|
|Dates||End 2014 launch|
|Sizes||600 sq ft - 1,000 sq ft|
Rimbun @Embassy Row
Rimbun is a project by Amphill, a boutique developer founded by veterans from Tropicana. Situated on a 1.2 acre land on the Embassy Row, it comprises of two blocks of 17 storeys in height, housing some 28 units each. Sizes are from 3,551 sq ft to a mammoth 17,000 sq ft.
Prices are high even by Embassy Row and KLCC standards; the smallest unit sells for RM3.5 million. The two triplex penthouses are priced at RM25 million.
|Name||Rimbun @Embassy Row|
|Review||Firmly in the upper tier, Amphill's "boutique" approach looks like a winner.|
|Location||Jalan Ampang Hilir|
|Price||RM1,000 - 1,300 PSF|
|Dates||Construction in progress|
|Sizes||3,551 sq ft - 17,000 sq ft|
Part of the RM6 billion Star Development project, Star Residences will feature three towers with 57 storeys each. Most of the units are between 625 to 722 sq ft in size, and were designed to be “bite-sized” in lieu of the rental market. The Tower 1 units which were launched in 2013 were sold with prices between RM900,000 and RM1.3 million, corresponding to RM1,600 PSF. Prices for future launches are projected to be up to RM2,000 PSF. This mixed development also features entertainment and F&B outlets as well as an added attraction, the 200m “Star Walk Of Fame” which faces Jalan Yap Kwan Seng.
|Review||Small-ish units which will do well in the rental market in a mixed development setting.|
|Developer||Symphony Life & UM Land (JV)|
|Location||Jalan Yap Kwan Seng|
|Price||RM1,600 - RM2,000 PSF|
|Dates||First tower launched in late 2013|
Summer Suites / Versatile Office Suites (VOS)
A project by the venerable UEM Sunrise, the Summer Suites is located on a 1.65 acre land near Renaissance Hotel off Jalan Sultan Ismail. A leasehold project, Summer Suites is a commercial development. As its moniker (Versatile Office Suites) implies, it targets the younger crowd which works around the clock and want a good entry level property right in the heart of the city.
The average price of Summer VOS is around the RM900 PSF price point; the earlier phase was launched at RM750 PSF. The VOS units come in sizes from 444 to 867 sq ft, and come partially furnished.
|Review||Highly differentiated offering which should find its appeal in a niche group of buyers.|
|Type||Offices, Versatile Office Suites (VOS)|
|Location||Off Jalan Sultan Ismail|
|Price||RM900 PSF during launch|
|Sizes||444 sq ft - 867 sq ft|
TA 3 & 4
TA Global is looking to transform its 2.5 acre car park on Jalan P Ramlee (right across the Twin Towers) into an integrated development consisting of serviced apartments and a five star hotel. Apparently the company is (at the time of writing) looking for a hotel chain to brand and manage the hotel (akin to RuMa, Ritz Carlton and Four Seasons).
We would expect the prices to be well beyond RM2,000 PSF since similar developments like Ritz Carlton has already surpassed even the RM2,500 PSF mark; Four Seasons is also etching towards RM3,000 PSF.
|Name||TA3 & 4|
|Review||Pricing in the same bracket as Four Seasons et al; strong branding will be making or breaking this project.|
|Type||Mixed commercial development; serviced apartment + hotel|
|Location||Jalan P Ramlee|
|Price||NA; expected to breach RM2,000 PSF|
|Dates||Development to commence in Sept 2014; launch late 2014|
The present Kompleks Antarabangsa and Crowne Plaza Mutiara on Jalan Sultan Ismail are set to be replaced with a mixed development comprising of four towers of offices, serviced apartments and retail outlets. This project by Tradewinds Corp has got a mammoth GDV of some RM6 billion.
A project by Low Yat, Tribeca is located on Jalan Imbi near Bintang Fairlane Residences and opposite the Ritz Carlton. Those who are familiar with the area (i.e. near Fairlane) will know that while the area is central, it’s not exactly too “upmarket”. Prices are decidedly premium at near RM2,000 PSF levels during its launch in mid 2013. Completion is expected to be by 2017.
This 36-storey single block of condominiums house some 318 units with sizes ranging from 500 sq ft (studio apartments) to 1,300 sq ft. Tribeca is freehold property.
Low Yat is also the developer of Bintang Fairlane as well as MyHabitat.
|Review||Located in one of those "good but bad" spots in Bukit Bintang. 😉 RM2,000 PSF may be a stretch.|
|Price||RM2.4 - 3 million|
|Dates||Mid 2013 launch; 2017 completion|
|Size||510 sq ft - 1,020 sq ft|
Unnamed Project In Bukit Bintang
YTL is planning to build an integrated development in a 3.3 acre tract of land between the Prince Court Medical Centre and Yayasan Tun Abdul Razak in the Bukit Bintang area. This mixed development will comprise of condominiums, offices as well as a shopping centre. A single 38-storey block will house some 67 condominium units on top of five floors of retail outlets and a convention centre. Additionally, there will be two office blocks (45 storeys each) with one floor allocated for F&B outlets.
It is understood that conditional approval from the DBKL has been received in 2013.
|Review||Still too early to say especially when there's no pricing information.|
|Type||Mixed commercial development|
|Location||Between Yayasan Tun Abdul Razak and Prince Court Medical Centre|
|Dates||In planning stage|
Unnamed Project In Jalan Kia Peng
E&O is planning a serviced residences project on a 1.44 acre tract of land in Jalan Kia Peng, comprising of two blocks of 30 and 40 storeys respectively. These will collectively house some 298 units of serviced apartments as well as a basement floor for retail and F&B outlets. Benchmarked against other serviced residences in the area, prices could be in the RM2,000 – 2500 PSF range.
Unnamed Project In Jalan P Ramlee
There are plans to build a mixed development opposite the Petronas Twin Towers in the corner between Jalan P Ramlee and Jalan Law Yew Swee. The project will comprise of three blocks of condominiums (62 storeys) as well as a hotel (43 storeys) and a mall. There will be 985 serviced apartments as well as 357 hotel rooms. It is unclear at the moment regarding who the developer is, but we have heard that it may be linked to the folks behind Soho Suites and Vipod.
This 2+ acres plot of land is residential, but the developer is reportedly filing for it to be converted to commercial status.
|Review||Too early still.|
|Type||Mixed commercial development; serviced apartments + hotel + retail|
|Location||Corner of Jalan P Ramlee and Jalan Law Yew Swee|
Unnamed Project Next To The Elements @Ampang
This is another JV project between L&G and Mayland, riding on the coattails of the success of The Elements @Ampang. Located on a strip of land (5.7 acres) next to TheElements, there will be 1,000 units of serviced apartments with sizes between 1,000 sq ft and 1,200 sq ft. No timelines have been given at this stage.
Little is known about this new YTL project located on Jalan U-Thant next to The Icon on Jalan Tun Razak and opposite MiCasa. More details to follow when available.
Vida Bukit Ceylon
Estimated to be completed in 2016, this freehold commercial project comprises of 70 standard units of serviced apartments and one penthouse. Density is low with four units per floor. Sizes are between 1,012 sq ft and 1,238 sq ft with 11 layouts to choose from.
Vida Ceylon is built by Spritzer Resources, a subsidiary of Spritzer, the mineral water maker.
|Name||Vida Bukit Ceylon|
|Review||Low density and unobstructed KL city view are key plus points. Some worry over oversupply in the area with Verticas and Somerset although VIDA's SOHO concept is a differentiator.|
|Type||Freehold commercial development; serviced apartments / Serviced Offices Livable Offices (SOLO)|
|Dates||Completion in 2016|
|Size||1,012 sq ft - 1,238 sq ft|
There’s a lot of hush-hush about this Monoland project; rumours have it that the units were completely snapped up during a pre-launch event with invites dished out only for past Monoland purchasers as well as insiders and associates. Someone familiar with the situation quipped, “Calling it well-received would be a severe understatement.”
Other notable Monoland projects in the KL city are Soho Suites, Vipod and the Oval. Its projects have been runaway successes due to a combo of reasons: notably competitive prices (sub RM1,000 PSF) and small(ish) units. Monoland seems to be pretty polarizing entity in the industry (Google it!).
|Review||One word: Monoland. 😉|
|Type||Mixed Development (serviced apartments + retail)|
|Location||Jalan Sultan Ismail|
|Price||RM1,000 - 1,200 PSF|
|Dates||2014 launch; under construction|
|Sizes||731 sq ft to 828 sq ft|
W Kuala Lumpur Hotel & Residences
A branded residence cum five star hotel (like Ritz Carlton, Banyan Tree, Harrods and Four Seasons), W Hotel & Residences is located opposite Wisma Selangor Dredging on Jalan Ampang. Valued at some RM900 million in terms of gross development value, W is Tropicana Corp’s first foray into branded residences in the city.
Prices are in the RM2,000 to RM2,500 PSF, which puts it at par with other recently launched branded residences in the city (Banyan Tree Signatures are reportedly transacting at RM2,500 PSF, while Four Seasons are already at RM3,000 PSF at the time of writing). There are a total of 352 serviced apartment units on top of the 150 hotel rooms.
|Name||W Kuala Lumpur|
|Review||A "value" alternative to Four Seasons at RM2,000 PSF, but we expect prices to be buoyed upwards as the branded residences niche picks up.|
|Type||Branded residences + hotel|
709 to 2,973 sq ft