Thursday 25 July 2013

Luxury KL project to start next month



The Low Yat Group is set to start the construction work of its new luxury property project in the Golden Triangle by August.

Since the project's informal overseas launches prior to its official debut last Friday, 42 percent of the buyers in the development's first phase are from Singapore, Taiwan and Hong Kong, according to Group Executive Director Low Su Ming.

Dubbed as Tribeca, the 0.3ha project will have a gross development value of about RM490 million and comprise a 36-storey tower with 318 serviced suites priced from RM1,900 psf. The size of the studio and suites will range from 510 sq ft to 1,020 sq ft, while loft units will measure 1,300 sq ft.

Comparatively, some high-end residential projects in the Kuala Lumpur City Centre have already hit RM2,000 psf to RM3,000 psf. “With smaller units at Tribeca ranging from 500 sq ft to 900 sq ft, we are able to offer affordable prices ranging from RM1 million to RM2 million per unit,” she noted.

Moreover, buyers are assured of good investment returns, said Low, noting that “the psf price of condominiums has increased 15-fold over the past six decades and will continue to rise.”

Featuring two rooftop pools, a business centre as well as a beauty and health spa, the development is also touted as a world-class residential project that will cater to the financially savvy workforce in Bukit Bintang.

Luxury KL project to start next month



The Low Yat Group is set to start the construction work of its new luxury property project in the Golden Triangle by August.

Since the project's informal overseas launches prior to its official debut last Friday, 42 percent of the buyers in the development's first phase are from Singapore, Taiwan and Hong Kong, according to Group Executive Director Low Su Ming.

Dubbed as Tribeca, the 0.3ha project will have a gross development value of about RM490 million and comprise a 36-storey tower with 318 serviced suites priced from RM1,900 psf. The size of the studio and suites will range from 510 sq ft to 1,020 sq ft, while loft units will measure 1,300 sq ft.

Comparatively, some high-end residential projects in the Kuala Lumpur City Centre have already hit RM2,000 psf to RM3,000 psf. “With smaller units at Tribeca ranging from 500 sq ft to 900 sq ft, we are able to offer affordable prices ranging from RM1 million to RM2 million per unit,” she noted.

Moreover, buyers are assured of good investment returns, said Low, noting that “the psf price of condominiums has increased 15-fold over the past six decades and will continue to rise.”

Featuring two rooftop pools, a business centre as well as a beauty and health spa, the development is also touted as a world-class residential project that will cater to the financially savvy workforce in Bukit Bintang.