Properties in Malaysia

Another article posted in AME Info:

Milford Real Estate, a leading real estate agency in Dubai, announced today the launch of sale for K Residence units, a prominent new development in Kuala Lumpur, Malaysia, to GCC residents.

K Residence

The total development has a cost of 96 Million USD.

The K Residence luxury condominium is linked to the luxury retail centre, Avenue K. They form part of a total development located along Jalan Ampang directly opposite the Petronas Twin Towers. Owners of K Residence units will enjoy remarkable privileges living in the very pulse of the city. With direct access to the Light Rail Transit (LRT) station, they will also benefit from unparalleled connectivity to KL Central, Kuala Lumpur International Airport, and various shopping, leisure and entertainment areas throughout the city.

Avenue K is an 8-level fashion and lifestyle centre which opened its doors a year ago. This stylish new retail complex provides a unique shopping and lifestyle experience, numerous restaurants, cafes, art museum, children's centre, roof garden and award winning spa, and many other services and amenities for one stop convenience.

K Residence consists of 180 units of condominiums in a 50-level tower block with its own access lobby and elevators for the exclusive use of its residents. The units offer 2-bedroom, 3-bedroom, triplex and duplex penthouses. Areas range from 1,400 - 10,000 sq ft. Construction started in July 2005 with a scheduled date for completion in December 2007 - early 2008.

Helen Watson, Milford Real Estate managing director said: 'The opportunities in this prestigious development almost passed by the GCC investors with such a high interest level in Asia at launch. Milford has managed to secure a limited number of prime units even though 75% of the residential units have been sold.'

Jeff Yap, Director of Avenue K and K Residence said: 'We are delighted that Milford Real Estate is representing this development for us to customers in the Middle East. This is a truly unique project, facing the Petronas Twin Towers, creating a new social hub - KL's largest living room where urban lives converge to create an exciting dynamic community.'

Helen Watson summed up the launch by saying:
'K Residence is ideally located, built to the most prestigious standards and provides leading facilities. Political and economical stability make Malaysia one of the most desired destinations in Asia. Enticing financial facilities offer up to 70% financing, allowing foreigners to own this piece of exclusive freehold property. Whether GCC residents are looking for a second home or a sound investment, we are advising our regular clients to act fast as the units are sure to move quickly.'