Public officials and the developer recently held the topping off ceremony for the 77-storey Four Seasons Place Kuala Lumpur, which is set to become another iconic landmark in the city’s Golden Triangle area, reported the New Straits Times.
The 342.5m-tall tower, which will house the Four Seasons Hotel, is anticipated to become the capital’s second tallest building, according to Venus Assets Sdn Bhd Executive Director Datuk David Ban.
“This development validates the position of Kuala Lumpur as a major international city and tourist destination with its vibrant population and world-class infrastructure.”
It would also complement the adjacent Petronas Twin Towers, the city’s reigning titleholder with a height of 451.9 metres.
With a gross development value of RM3 billion, Four Seasons Place Kuala Lumpur is owned by Venus Assets and built by China Railway Construction Corp. It consists of a 240-room hotel, a 300,000 sq ft retail mall and 242 branded residences.
Ban revealed that the flats are expected to be completed by end-2017, while the mall and hotel are scheduled to be ready by Q2 2018.
Since its unveiling in 2013, nearly 70 percent of the residential units have been bought by locals and foreigners from Singapore, Taiwan, Indonesia, Japan and South Korea. Back then, the flats were acquired for RM2,500 psf, but the remaining units are now selling for around RM3,000 psf.
Furthermore, Four Seasons Place is anticipated to attract more wealthy visitors to Kuala Lumpur, said Tourism and Culture Minister Datuk Seri Nazri Aziz, who attended the topping off ceremony.
“There are those who are willing to pay to stay in such hotels and there would be tourists who would visit a place just to stay in such a hotel,” he added.
Image sourced from NST
Radin Ghazali, Content Writer at PropertyGuru, edited this story. To contact her about this or other stories email radin@propertyguru.com.my
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