By Radin Ghazali
The lure of a weak currency as well as a rather friendly policy have definitely brought in the tide of foreign developers and investors to Malaysia. Developers/Investors from China and Hong Kong are marching along to the beat, be it directly or indirectly. These land kings, as they are called in their own country, are snapping up prime lands to build high-end residential apartments and even mammoth integrated developments. Regardless the constant debates of local versus foreign developers, these land kings are definitely leaving their mark with ambitious developments around Malaysia. Let’s take a look at some of their headlining developments:
Sovereign Bay is a high-end luxury service apartment development located along the straits-seafront facing Permas Jaya Town. The 4-acre freehold land will house a condo consisting of 948 units with 24-hrs concierge service much like a high end hotel, with high quality finishes yet at very affordable price ranging from RM558 sq ft. to RM700 sq ft. Sovereign Bay presents contemporary residences that reflect trendy interior designs sporting practical living spaces. Spacious living and dining areas flow into compact yet modern kitchens and extend into cozy bedrooms. Sovereign Bay offers several layout options with 9 type of units to choose from.
Sovereign Bay is a project by a reputable developer Sichuan Sanjia Group, Sichuan Sanjia Real Estate Group Company Ltd from China. The company is known to spearhead development of real estate properties.
Nestling in a prime area, well nothing beats having a residential development opposite of KLCC, Le Nouvel is a freehold, build-then-sell (BTS) residential development comprised of two towers on a 1.5-acre of land. Its luxe concept semi-furnished units have built-up spaces of between 1,679 sq ft. – 5,823 sq ft. The average price per sq ft. is approximately RM3,000. Le Nouvel evokes an uncommon exterior façade – one which incorporates the elements of lush greenery, glass and ample natural light. Besides that, the development also features Poggenpohl designed kitchens and household appliances from Miele and Lema wardrobes for its semi-furnished units. Bathrooms are fully-fitted by Duravit and Hans Grohe. Holding the glass in place are silk-screened window panels.
Le Nouvel is under the helm of Wing Tai, which was originally formed in Hong Kong sometime in the 1950’s. It later expanded to Singapore in 1963. Known as Wing Tai Holdings Limited in Hong Kong, Wing Tai is an investment holding company with a string of subsidiaries involved in the investment and development of properties, as well as the trading and manufacturing of clothing, among others. Under the umbrella of Wing Tai Asia Holdings Ltd (Wing Tai Asia), Wing Tai has presence across four markets – Singapore, Malaysia, Hong Kong, and China. Among the many property projects in Malaysia under Wing Tai Asia include Mahkota Impian in Penang, Nobleton Crest in U-Thant, Lakeside Superlink (Jesselton Hills Phase 2) in Penang, and Sentinelle Ville in Penang.
R and F Princess Cove Phase 1 Residence occupies over 12 acres of prime freehold land within the 116-acre, high density integrated development of the same name. Consisting of a total of 15 thirty-five storey high residences towering over Johor Bahru’s central business district (CBD), it also provides 200,000 sq. ft. of recreational space, along with all the in-house amenities and facilities that will blow the residents minds. There are 3 views you can get at this height – view of the ½ Olympic-sized infinity pool, the lush landscaped garden, or the clubhouse. This mega and ambitious development by Guangzhou-based developer R&F Properties Co. Ltd.
Dorsett Residences Bukit Bintang is a freehold serviced apartments development consisting of one residential block with 30 floors. There are 252 units in total starting from the seventh floor all the way up to the 29th floor with eleven units per floor served by four lifts. The first till the fifth floors are secured car park levels whereby a mechanically-operated car park system much like the famous Korean style car park lift, will be implemented. Its location simply seals the deal for most city life seekers as it is located right in the heart of Bukit Bintang, the pulse of the city.
FECIL is the sole developer of this project under Dorsett Bukit Bintang Sdn Bhd. FECIL is a huge conglomerate based in Hong Kong with businesses that include property development, hospitality (Dorsett Hospitality International Limited), and car parking in Mainland China, Hong Kong, Malaysia, Singapore, Australia, New Zealand and the United Kingdom. The group was listed on the main board of the Hong Kong Stock Exchange in 1972 with some of its property portfolios include Dorsett Residences Singapore, Sevilla Crest Hong Kong, and Madison at Upper West Side Australia.
Pavilion Suites is centrally located in Jalan Bukit Bintang, the glitzy part of Kuala Lumpur with heaps of shopping complexes and entertainments outlets at one’s disposal. The development is a 51-storey serviced residences tower with 383 units. It also has 10 levels of retail base that will be called International Galleria. The layouts range from 718 sq ft to 1,254 sq ft with a minimum of one bedroom. Selling price for a unit here starts at RM2.5 mio.
Pavilion Group is a property developer specializing in large scale retail mixed use developments in prime city center locations in Malaysia and China. The group develops and acquires quality real estate assets for long-term ownership.
Pavilion Ceylon Hill is located between Jalan Changkat Raja Chulan and Jalan Ceylon. Nestles on 1.65 acres of land, the development consists of a single 51-storey residential tower with 629 units. The units range from 540 sq ft- 1,374 sq ft with various layouts, which include one-bedroom units to Dual Key units. Price per sq ft starts approximately at RM1,600.
Pavilion Ceylon Hill is part of Pavilion Group’s string of luxurious developments of the same name that also include Pavilion Embassy, Pavilion Damansara Heights and Pavilion Suites Kuala Lumpur. Its name Pavilion has already given the development a launching pad for success and trust among buyers and investors due to its strong branding presence in the property market both locally and internationally.
Jade Palace is a luxurious freehold residential development belonging to Iskandar Malaysia’s financial and cultural hub dubbed Flagship Zone A. The 13-tower development promotes its 3+1 system of exclusive lifestyle services, health and personal care service as well as education, culture and sports among its residents. It is also modelled after a resort-styled living concept, with an aim of making the lives of future residents a little less complicated through the application of high technology. Not only is Greenland’s Jade Palace descending upon Danga Bay, the straits-facing and rapidly-developing edge of Johor, it is also one among many world class properties by internationally-renowned developers that are steadily redefining the status quo of waterfront living whilst reshaping the local landscape.
Greenland Danga Bay Sdn Bhd is a subsidiary of Greenland Holding Group (The Greenland Group). Established in 1992 and headquartered in Shanghai, the Greenland Group eventually became one of China’s forerunner in real estate, resources, finance, energy and construction, and hospitality. In 2014, it started an overseas expansion and has been in 100 cities worldwide. Greenland Group is also a proud new owner of the Shanghai Greenland Shenhua Football Club.
Bound for completion in 2019, Agile Mont’ Kiara, a freehold condominium project located off Jalan Duta Kiara on a 10-acre site that offers 813 units spread over 11 blocks of low, medium and high rise buildings. Agile said the 4.05ha land was acquired from PJ Development Bhd, which has a 30% stake in the international project, which is Agile group’s first one outside of their homeland. The partly furnished units come with 3-bedroom, 3+1-bedroom (dual-key) and 4-bedroom configurations with typical built-up areas ranging from 1,156 sq ft to 2,136 sq ft. It has a gross development value of RM1.4 billion. It will consist of 11 towers with facilities such as sky deck, jogging track and 24-hour security surveillance.
Agile Mont’ Kiara is a high-end residential project by one of the leading property developers in China called Agile Property Holdings. The developer is listed on the Main Board of the Hong Kong Stock Exchange since 2005 and the Agile Mont’ Kiara is its signature development in Malaysia. Agile currently owns a diversified portfolio of over 90 projects under various stages of development in cities and districts such as Guangzhou, Shanghai, Nanjing and Xi’an.
Hemmon House is the epitome of luxury nestling in the heart of Kuala Lumpur. Located along the little routes of Jalan Inai, Hemmon House consists of one residential tower at 40 storeys high. Hemmon House personifies another essential luxurious factor; it is low density at its finest. The project only has 90 units of Dual Key layout as a great deal of privacy is guaranteed among its future residents!Hemmon House is under the helm of first-timer developer with immense experience in Hong Kong real estate. Forebase Property Sdn Bhd consists of Frankie Wong as CEO and Founder and Freya Tseng as Director. Both individuals are real estate experts who are based in Hong Kong. After half a decade of heavy investment in Kuala Lumpur’s property market, Wong along with his partners decided to embark on property development themselves.
Nestling in the party district of Jalan Ceylon-Changkat Bukit Bintang since 2012, Verticas Residensi consists of three condominium towers and one serviced apartment block. The built-up starts at 1,427 sq ft. right up to 5,342 sq ft. with various enormous layouts that offer more rooms and ample space for the residents. Selling price starts at RM1.7 mio for a unit.
This is yet another established development by Wing Tai Holdings Limited, that has a good property repertoire around Malaysia and Singapore. Wing Tai is an investment holding company with a string of subsidiaries involved in the investment and development of properties, as well as the trading and manufacturing of clothing, among others.