Lucentia Residences, Bukit Bintang City Centre

  • Writer
  • 22 May 2017

lucentia featured pic

Lucentia Residences… Another pretigious residences finding its home in the heart of Kuala Lumpur (Source: http://bbcckl.com/residential/)

Bukit Bintang City Centre is poised to be the jewel in the crown of central Kuala Lumpur with its grandeur stature and state-of-the-art design. Located on a 19.4-acre of land along the stretch of Jalan Hang Tuah, BBCC is destined to be part of KL’s new financial district. Hence, Lucentia Residences laminates the presence of sophisticated elites from every corner of the world that are bound to reside here. This serviced residence consists of two conjoined towers with 35 and 47 storeys high, which comes at RM1,650 psf. Units here range from studio to dual key units with 454 sq.ft. to 882 sq.ft. in sizes.

Project Description- Lucentia Residences, Bukit Bintang City Centre

Address: No.2, Jalan Hang Tuah, Pudu, 55100 Kuala Lumpur.

Property Type: Serviced Residence

Tenure: Leasehold

Land Area: 19.4 acres (Overall development of BBCC)

No. of Towers: 2 (For Lucentia Residences)

No. of Storeys: 35 and 47

No. of Units: 700 units (Two blocks)

Built Ups: 454 sq.ft. to 882 sq.ft.

Unit Types:

Type A (Studio) 454 sq.ft.

Type B 1 Bedroom 554 sq.ft.

Type C 1+1 Bedroom 654 sq.ft.

Type Cc 1+1 Bedroom 652 sq.ft.

Type D 2 Bedrooms 859 sq.ft.

Type E 2 Bedrooms 882 sq.ft. (Dual-Key)

Facilities:

  • Gym
  • Yoga Deck
  • Spa Lounge
  • Sitting Area
  • Green Cabanas
  • Infinity Pool
  • Pool Pavilion
  • BBQ Deck
  • Multi-Purpose Hall
  • Function Lawn

Selling Price Range: Approximately starts at RM749,100

Price per sq. ft.: Starting from RM1,650 per sq. ft.

Maintenance Fees: RM0.60 psf.

Expected TOP: 2020 (Lucentia Residences)

Event/Show Units: Bukit Bintang City Centre Sales Gallery, No.2, Jalan Hang Tuah, Pudu, 55100 Kuala Lumpur. Call 03-2145 2255.

The Developers:

UDA Holdings Bhd.

A renowned property conglomerate in Malaysia, UDA is one of the pioneers in the Malaysian property development industry, especially in the area of planned urban development.

Established by the government on November 12, 1971, the Urban Development Authority (UDA) was given the responsibility to promote planned urban development. After over 30 years of successfully fulfilling its responsibilities, UDA was incorporated on September 1, 1996 and became known as UDA Holdings Sdn Bhd. Later in 1999, it acquired the status of a public limited company. It was subsequently publicly listed on the Main Board of the Kuala Lumpur Stock Exchange (KLSE) in the same year.

The principal activities of the company are in investment holding and property development while the Group itself is involved in land and property development, property management and leisure industry.

Today, led by a board of experienced directors and highly qualified professionals, UDA is committed to enhance its competitiveness to partake a bigger role in urban development through its efforts in entrepreneurial growth that are in line with national aspirations.

(Source http://udaproperty.com.my/about-us/)

Among the projects are Lake Valley, Bandar Tun Hussein Onn, Cheras, Selangor; Sinaran TTDI Condominium, Kuala Lumpur; Taman Seri Indah, Kepala Batas, Seberang Perai, Penang and more.

Eco World

Eco World Development Group Berhad is a public listed Malaysian company involved mainly in property development.

The brand is spread across three key economic regions in Malaysia with 18 development projects in total that include new townships, integrated commercial developments, luxury high-rise apartments and green business parks. The Group presently has approximately 8,052.7 acres of landbank with a total gross development value (GDV) of RM 87.5 billion.

Through Eco World International, the brand has also extended its reach to London, United Kingdom and Sydney, Australia.

The Group is helmed by some of the most well-known and respected industry players in the Malaysian property sector. Driven by its vision of Creating Tomorrow & Beyond and powered by an experienced and dynamic team, the EcoWorld brand is set to soar even higher in the years to come. Among the projects are Eco Horizon (Penang), Eco Ardence (Shah Alam), Eco Grandeur (North West of Klang Valley) and more.

(Source http://ecoworld.my/company-profile)

Employees Provident Fund

The EPF is a social security institution formed according to the Laws of Malaysia, Employees Provident Fund Act 1991 (Act 452) which provides retirement benefits for members through management of their savings in an efficient and reliable manner. The EPF also provides a convenient framework for employers to meet their statutory and moral obligations to their employees. Other property investments include 11-12 At James Square and Battersea Power Station (London).

(Source http://www.kwsp.gov.my/portal/en/about-epf/overview-of-the-epf)

Project Details

lucentia overall

BBCC as a complete entity (Source: http://bbcckl.com/#concept)

Bukit Bintang City Centre Enters a Majestic Era

Bukit Bintang City Centre is yet another ginormous and ambitious development lurking around central Kuala Lumpur. This super integrated development holds the key of combining business and financial roles with lifestyle and living hubs.

lucentia site 3

The physical presence of BBCC can be seen along Jalan Hang Tuah

The prominence of the development itself can be seen through the collaborations among the country’s three major entities in the form of ECO, UOA and EPF. With strong financial support, BBCC is destined to be a success and a game changing development in a decade to come.

lucentia site 8

BBCC is centrally located within the Golden Triangle

The entire BBCC will be done in three phases, which include the construction of a 1.4 million sq. ft. of lifestyle mall along with The Stride, its strata office tower; entertainment outlets; a four-star hotel; six blocks of serviced apartment and its 80-storey signature tower. A transit hub will be constructed towards the end of the development’s completion.

lucentia site model

Lucentia Residences… Its two conjoined towers will be up and running in four years time

Luxurious Lucentia

Lucentia Residences will be the centre of the residential activities. Boosting over two towers and hundreds of units upon completion, residents here will be able to enjoy every single convenience that BBCC has got to offer. The layouts here consist of studio units right up to Dual Key units with two bedrooms.

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Type A, the studio unit (Source: http://bbcckl.com/residential/)

The smallest unit here falls under Type A, which is the studio unit. It is sized at 454 sq ft as it comes with a full bath and a spacious living/bedroom area. These studios come with balconies.

lucentia plan cc 2

Medium sized units in the form of Type C (Source: http://bbcckl.com/residential/)

On the medium end of size and price range, Type C comes at 654 sq ft with 1+1 bedrooms along with a full bath. The elongated kitchen, dining and living areas along with its balcony provide a grand visualisation of space. If it is done to perfection, residents will feel that the unit is spacious and extremely comfortable in catering to their living needs.

lucentia plan e 2

Dual-Key units here are classified as Type E (Source: http://bbcckl.com/residential/)

The Dual Key units are indeed the surprise package of the development. These units are sized at 882 sq ft with two bedrooms along with a full bath and a second bath. The smaller portion of the unit comes with a pantry while the remainder of the layout comes with a well-defined kitchen along with dining and living areas. With two entry points that will be allocated at the foyer, either or both compartments can be rented out.

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The units here will be fully fitted

The units at Lucentia Residences are fully fitted from bath to kitchen and electric appliances are from Electrolux. Its turn key status makes it easier for residents especially foreign tenants in reducing the woes of moving and dealing with the packing/unpacking ordeals.

By the way, each unit will receive one parking bay.

The facilities, on the other hand are simply mind blowing. There will be four levels of facilities available to the residents here. The two-tier Podium Deck is simply majestic with myriad of facilities and activities to be carried out, which include an infinity pool, yoga deck and a state-of-art gym. Meanwhile, the Sky Deck that will be placed on the 33A and 35th floors will give residents breath-taking panoramic views of the city skyline especially with the latest modern marvels that are bound to rise soon.

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Location

The Next Financial District

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Getting to the heart of Kuala Lumpur is relatively easy given the fact that BBCC is centrally located in KL

Bukit Bintang City Centre is located in the heart of Jalan Hang Tuah, Jalan Pudu and Jalan Bukit Bintang. BBCC will be built on a historical site where it used to helm one of the longest and oldest serving prisons, Pudu Prison, which was built by the British in 1891. The historical landmark was demolished in 2012 in order to give way to road expansion and of course, the construction of BBCC.

In general, this area has been living up to the hype commercially throughout the decades. The location is a prime tourist attraction packed with interesting and unique places from Pudu Wet Market right up to commercial complexes like Berjaya Times Square as well as entertainment and sports hubs in the form of Stadium Negara and Stadium Merdeka.

lucentia site trx 2

Tun Razak Exchange is looming nearby

Nonetheless, the area is picking up the momentum of reinventing the Golden Triangle into the next financial district, spearheaded by Tun Razak Exchange (TRX). BBCC along with TRX and fellow modern marvel in the making, KL118 will be poignant developments as they solidify the government’s firm commitment in strengthening the country’s economy. Banks and major finance institutions will be locating their operations around these areas. Meanwhile, business and trade activities are expected to escalate given how strategic and comprehensive these areas are destined to be.

lucentia site trx 3

TRX… Fellow skyscraper in the making

Hence, do expect a great mix of local and international community with high socioeconomic background that might spike up the property’s value here.

Colossal Integrated Transportation System

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Transportation will never be a problem when one resides here

Given how poignant the location will be in a decade, public transportation is an essential component in making the area highly attractive. There are a few light rail systems currently available that include Hang Tuah and Imbi Monorail Stations as well as Hang Tuah station (Ampang Line). Meanwhile, Dang Wangi is the closest RAPIDKL LRT station to BBCC.

The construction of MRT Sungai Buloh-Kajang Line is now underway. The closest station will be located closely at Stadium Negara via Merdeka MRT. This colossal integrated system will heighten the city’s efficiency when it comes to commuting. The line will extend its reach to Kajang, while connecting to other important areas within Klang Valley. Adding to that, BBCC will be two stations away from the proposed High Speed Rail (HSR) that will take commuters all the way to Singapore in 90 minutes.

 Shopping is Still the Heart of the Area

lucentia site 1

Its early rise to fame was through the shopping complexes

Despite getting a massive makeover as the next financial district, the area will still hold the title of shopping haven dearly as it was the initial reason to its meteoric rise in the 90s. The existing commercial complexes are indeed a staple for any shopper be it local or even foreign.

lucentia site 9

Bukit Bintang-Sungei Wang is a walk away

Berjaya Times Square and the glorious shopping haven, of Bukit Bintang-Sungei Wang still prove their relevance to visitors to this very day. There will also be construction of newer retail outlets around that include those in BBCC itself.

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Analysis

Price Analysis

Name Land Tenure No. of Blocks No. Storey/Units Selling Price
Lucentia Residences, BBCC
By UDA Holdings, Eko World and EPF
(Completion by 2020)
Leasehold 2 37 and 45 storeys/ 700 units Approximately starts at RM749,100
The Robertson Residence
By Gamuda Land
(Completion by Q2 2018)
Freehold 2 42 and 46 storeys / 800 units Approximately starts at RM 700, 000
Yoo8, 8 Conlay
By KSK Land
(Completion by 2020)
Freehold 2 62 storeys/564 units (Tower A)  Approximately starts at RM2.3 mio

The average rental around the area is RM6.33 psf.

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Summary

This is the ultimate definition of living in the heart of the city. BBCC will bring in changes with massive magnitude that will be able to redefine the Golden Triangle of Kuala Lumpur. Lucentia Residences on the other hand will complement the enormousness of BBCC by providing luxurious and comfortable residences for those seeking for a true metropolitan living. With countless of amenities and conveniences at their disposal, the residents here will truly be pampered and well taken care of by the serviced residence. Its turn key ready status can be appealing to many expats and travellers who would reside here predominantly for work and leisure. Less hassle when it comes to moving in as residents would only need their luggage of clothes!

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Eric Wong

Writer

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