Only tends of meters away from the iconic Petronas Twin Towers, on Jalan Perak, is Fraser Place – an international chain of serviced apartments. Also known as Lot 163 (as it sits on Lot 163), Fraser Place is a freehold property consisting of two blocks – the serviced apartments block and the office tower block. The 316 units at the residential block occupy floors 4th to 30th, while the lower floors are retail lots totaling 17,722 sqf.
Click here(and scroll down if needed) if you are looking for property listings for Fraser Place.
YNH Berhad, the same guys behind Ceriaan Kiara, Menara YNH and Kiara 163, developed Fraser Place KL. It is located in an area that is clustered with hotels and other serviced residences such as Ascott Kuala Lumpur, Shangri-La Hotel, Park View Serviced Apartments, Concorde Hotel, Equatorial Hotel Kuala Lumpur and Renaissance Hotel Kuala Lumpur. Situated right smack in the clubbing area, it’s popular with the younger demographic, particularly those building up their dream bachelor pads, particularly the 450 sq ft studio apartments.
The serviced residence part of the condominium caters for short and medium length stays. The East Wing was the “pioneering” block, housing some 215 rooms while the West Wing was launched in 2012 with 101 rooms.
There are those who prefer serviced residences in KLCC because of a couple of reasons: (1) better maintained facilities, (2) ease of renting out, and (3) ready-to-move-in condition. Fraser Place is one of the top-of-mind choices when it comes to serviced apartments in KLCC, and deservedly so.
Fraser boasts of impeccable service throughout the entire Fraser chain worldwide, and it is no different in Kuala Lumpur. They believe that it’s the little things that set them apart from other serviced residences. Earlier this year, Fraser launched its mobile website so mobile travelers may be able to make reservations at any Fraser apartments worldwide through their smartphones. Innovative.
Fraser Place has been receiving accolades since its inception; it won the Best Serviced Residence Excellence Award for three consecutive years from 2010 to 2012 from the Expatriate Lifestyle magazine. While we are somewhat skeptical of these awards, we do receive good feedback regularly from tenants as well as agents.
Fraser Place may be accessed through major roads in KL, namely, Jalan Sultan Ismail, Jalan Ramlee or Jalan Kia Peng. About 500 meters away are Bukit Bintang and Raja Chulan Monorail stations, and not too far away is the LRT’s KLCC station. Tourists who are booked at Fraser will also find it convenient that the KL Hop-On Hop-Off and GoKL bus stop is about 200 meters away only.
Jalan Perak properties (notably Crown Regency, which is another serviced residence, and the spanking new Soho Suites further down the road) do enjoy superior accessibility, and many amenities are close by –
[poiautomap address=”Fraser Place Jalan Perak Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Fraser Place[/poiautomap]
The map above is interactive – click on the shortcuts on the right to toggle the hotspots. 🙂 As you will see, many amenities and transport points are reachable by foot; in fact, its GoodPlace Walkability Score (GWS – explanation here) is a high 93 (out of a possible 100), which is an excellent score.
To download a beautiful KLCC Walkability Map for free, click here.
KLCC is one of the most popular residential enclaves in Kuala Lumpur – a sure choice for those who could afford the relatively astronomical prices. Why not? Everything you need is within reach. This bustling integrated development is home to a handful of shopping centres, foreign embassies, schools, worship places, hospitas, museums, multinational companies, restaurants, cafes, bars – practically everything!
Jalan P Ramlee, which intersects with Jalan Perak where Fraser sits, is a famous street lined with clubs and bars for the partying crowd or for those who just need a drink to unwind. Nuovo, Beach Club and Lunar Bar are popular among the young and not-so-young, locals, expatriates and tourists.
Big appetite? Head on to Jalan Ampang, where you will find restaurants of different cuisines to suit your fancy. Besides Jalan Ampang, standalone restaurants may also be found along nearby roads. For shopaholics, KLCC is a haven! Besides the luxurious Suria KLCC, you may also go to Bukit Bintang or The Pavilion for a wider array of retail brands.
Basic needs such as education and health are of utmost important. International schools – Fairview International, Sayfol, Alice Smith, Mont Kiara International School, International School Kuala Lumpur, Julia Gabriel Centre for Learning and Garden International School – populate the area. Located within short distances from Fraser Place are Prince Court Medical Centre, Ampang Putri Specialist Hospital and Gleneagles Intan Medical Centre.
KLCC is a diverse community. Hence, you will find mosques, Catholic churches, temples and other places of worship sprawled in the area. The Royal Selangor Golf Club offers not only a paradise for golfers, but a view to behold by dwellers of high-rise towers in the KLCC enclave.
Within the Fraser Place building are Yokozuna, a Japanese restaurant and Mediteca which serves European food. A local F&B outlet will be opened late 2013 to provide guests with more options.
Living Spaces at Fraser Place
Apartments at Fraser Place are sized from 450 to 5,200 square feet. Floor plan options are studio,one-bedroom, two-bedroom, three-bedroom (penthouse) and four-bedroom (penthouse).
Each unit is fully furnished either with an integrated or separate living area, dining, fully-equipped kitchen and bedroom areas. Moreover, each unit is also provided with air conditioning, home entertainment system, IDD phone, WiFi, electronic safe and upmarket Peter Thomas Roth bathroom amenities. Access to the apartments and elevators are by key cards, which adds to security.
Residents of Fraser Place are up for some loving with these facilities:
- Infinity sky pool on the 18th floor
- Fully-equipped gym with aerobics and yoga room
- Sauna (a.k.a. “Refresh”)
- Games room
- Round-the-clock concierge/reception services
- Daily housekeeping
- Free daily newspaper
There’s also a round-the-clock play room and gym; the former houses a Nintendo Wii and X-Box consoles with a wide range of video games available at the reception.
Fraser Place Prices
As of writing, sub-sale prices of a unit at Fraser Place could be from RM1,300 to RM1,650 psf. This is a little expensive compared to other serviced apartments like its neighbor Marc Residence, which sells for RM1,200 psf on the average. Smaller units (655 square feet) are going for around RM900,000 unfurnished, while moderately sized units (1,000+ sq ft) had RM1.2 million price tags attached to them.
Are these fair prices? To find out, download this guide on how to value property courtesy of GoodPlace.my.
Looking for units at Fraser Place for rent? Look out for special offers that get posted from time to time; we have recently seen prices for the smallest Studio Deluxe units drop to about RM330++ while Premier Rooms going for a little less than RM600++. Sweet, sweet deals…
As with many other KLCC properties, asking prices seem to be on the uptick yet again in the past few months.
Fraser Place has made a name for itself worldwide, which probably explains the extra premium. However, spaces are relatively smaller compared to other condominiums in the KLCC enclave. If you are after the prestige and the “Fraser Touch“, then you might find this a good investment. Also, it seems that only the smaller units are available for sale for now. If you’re looking for bigger spaces then go for comparable places such as The Oval, Avare or Stonor Park.
We particularly like the “homely” feeling of the apartments which somewhat sets it apart from other serviced residences which seem to be more “hotel”-y in their approach. Truth be told – we have a slight preference for Fraser Place over its nearest competitor Crown Regency which is just a stone’s throw away.
Finally, the rather premium pricing is also reflective of its “serviced residence” status which puts it on par with Ascott, and to some extent, E&O Residences. Also, do take note that apartments which are managed “professionally” by hotel-like organizations routinely command some 20%+ premium over “regular” units – case in point, Marc Service Residences. Remember to factor this in when coming up with the fair market price if you are considering to buy. Download this booklet below for free guidance courtesy of GoodPlace.my –