By Property Report
For the last decade the biggest brands in local and international hospitably have increasingly lent their names to premium residential projects around the region. Indeed, Southeast Asian developers’ – and consumers’ – infatuation with hotel brands shows no signs of abating as 2018 rolls on.
A recent report by leading hospitality consultancy C9 Hotelworks revealed that almost 100 branded residences – comprising more than 21,000 units – will be completed around the region in the next three years, accounting for an 83 percent uptick over existing supply.
Driven by tourism booms, the segment initially emerged during the mid-90s and early offerings were primarily in resort destinations. Nowadays, however, the likes of Four Seasons, Hyatt, Marriott and Ritz-Carton can be found as a prefix to ‘residences’ throughout the Southeast Asia’s major cities. In Kuala Lumpur, it is the recently completed Ritz-Carton Residences in Kuala Lumpur that has been turning heads of late.
Strategically situated in the heart of the Malaysian’s capital’s affluent KLCC district, the MYR2 billion project, developed by Berjaya Corporation Berhad, was in April recognised by the judging panel of the PropertyGuru Asia Property Awards (Malaysia) as the Best Luxury Condo Development (Klang Valley), as well as the Best Green Development (Malaysia).
“Kuala Lumpur’s recently completed The Ritz-Carlton Residences is an imposing fin and glass structure that adds a touch of luxurious elegance to the city centre’s dynamic vibe,” the judging panel stated. “The property’s dedicated residential management team is also a classy innovation for an already renowned luxury living service.”
With prices starting from MYR2.71 million, the global hospitality brand’s first residential property in Malaysia clearly targets high-net-worth-individuals and boasts the onsite facilities to match. Amenities include the Sky Lobby, complete with an outdoor garden terrace and pool, fitness centre and spa treatment rooms. Privacy is also prioritised. Each residence has its own exclusive lift and floor-to-ceiling windows with layouts that maximise the space and views.
Housed in the prestigious Berjaya Central Park building, the luxury appointed 228 units to boast an integration of green features which has also been carefully considered.
“The use of low volatile organic compounds paints to reduce health hazards and carbon dioxide exchange, installation of energy-conserving lifts, voltage-modulated temperature controls and heat and noise insulated double-glazed structural glass make this upscale project a deserved winner of Best Green Development (Malaysia),” according to the Awards’ judges.
The Residences benefits from one the Kuala Lumpur’s most choice locations. Its neighbours include the corporate business and commercial centre, premium shopping districts,
international hotels, world-renowned tourist and entertainment centre, as well as cultural and historical districts.
Consumers can expect to hear more from the super luxury property’s developers in the coming months as Berjaya Land gears up to launch of mixed-use project The Tropika and the four-tower condominium development The Botanika, both in Bukit Jalil, as well as the Shah Alan-Based MYR650 million Timur Bayu.
But for the meantime all eyes remain on one of Klang Valley’s most prestigious branded residences.
For more information, email: awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.
