Property Insight - Crest Kuala Lumpur

Another article featuring the launch of Crest where it is encouraged by this website to invest in the Crest at its strategic vibrant location in Kuala Lumpur. These two articles (including the one posted previously) have given us the better insight of the property Crest that will be completed in 2010. Have a look at what Property Frontiers say about the Crest Kuala Lumpur:

Overview

• Sought after location within KL’s Golden Triangle
• Luxurious amenities aimed at the life-style orientated young professional with apartments ranging from 1 bedroom apartments to 5 bedroom penthouses
• Forecasted rental yields of at least 10%
• 70% LTV mortgages available, allowing cash investments from £25k plus purchase costs
• A secure development, backed by Bank Rakyat Malaysia Berhad, one of Malaysia’s oldest banks.
• Annualised Return on Cash Invested of 72%
• Kuala Lumpur is the main city set to benefit from Malaysia’s booming economy
• Facilities for businessmen and tourists alike, with an abundance of shopping malls, green parks and high quality hotels
• Urbanisation rates are very high, with the urban community set to increase by 4.5m over next 15 years
• GDP growth in 2006 was 5.8%
• Young population with over half the Malaysian population under 27
• Affordability is at a ten-year high in Malaysia, only 18% of monthly income now required to service a mortgage
• Capital Gains Tax was abolished (from 30% down to 0%) in April 2007

Description

With a population of 24m (half of which are under 27 yrs of age), urbanisation occurring at an alarming rate of 10% per annum and supply estimated at 44% of current demand, the Malaysian property market is an exciting place to be right now. Add to this a ten-year high for affordability, low interest rates, mortgage lenders providing longer repayment periods and with wages increasing, indicators for profitable investment abound. Economically Malaysia is robust, with unemployment now below 4% due to the surging high-tech sector feeding the fast growing consumer hunger of neighbouring China. GDP has been over 5.5% for the past 3 years and as a result consumer confidence has been sustained near 10%. Recently, Capital Gains Tax has been abolished in Malaysia, down from 30%, further bolstering the attractiveness of the market for local as well as foreign investors.

Location

The central district for business and pleasure, KLCC as it is commonly known is the traditional centre for multi-national business and tourism, and with the majority of 5 and 6-star hotels in the area, this downtown spot offers everything for businessmen and tourists alike. With bountiful restaurants, shopping malls, and beautiful green parks, KLCC is the jewel of Kuala Lumpur. With the booming Malaysian economy and rapidly urbanising population, city centre demand is high and yields and appreciation are set to follow. KL itself is in a prime location for this growth, situated within 5 hours of 60% of the world’s population and being home to the world’s longest fully automated light rail transit system.

The Properties

Situated in the sought after location of Jalan Sultan Ismail, the Crest development is designed to attract the ever increasing young professional market in Kuala Lumpur City Centre. Crest is within a short walking distance of the light rail and monorail systems and centrally located for all of the shopping and entertainment facilities the city has to offer, including the famous Bintang Walk. With luxurious amenities befitting the prestigious address, The Crest gives investors an investment that will be desirable to all locals and visitors. Mortgages are available (70%<85%)>

Amenities

• Swimming Pool
• Gym & Sauna
• Cafés and Restaurants
• Parking
• Children’s Playground
• Nursery
• Landscaped Gardens

Payment Schedule

1-bed apartments (616 sqft) from MYR 588,280 (~£85,000)
2-bed apartments (835 sqft) from MYR 722,375 (~£111,000)
3-bed apartments (616 sqft) from MYR 1,121,718 (~£162,000)

• Reservation deposit of 2% of the total purchase price
• 18% upon signing the SPA within 40 days of signing the reservation agreement
• 10% once SPA is signed and returned
• Many small scheduled payments until completion in 2010

Crest - Kuala Lumpur Malaysia

In view of the launch of Crest, there are few articles about this property where it is consider as a good buy at strategic location Kuala Lumpur. With its proximity to LRT, monorail and within walking distance to KLCC, this will be a good investments for foreigners. Below is an article posted by My Global Investments:

Real Estate Investment Opportunities

Malaysia

Kuala Lumpur KLCC

The Crest - Location at its Best!

Why is this is a remarkable Investment?

Capital Appreciation in the KLCC region is currently averaging

37%P.A.!!!

• First Down Payment for as little as £12,000
• No Capital Gains Tax
• Flexible Payment Plan over 2.5 years
• The Region is Booming with China, India, Singapore, Hong Kong Showing Record Breaking Growth, Malaysia Has to come in to line with region, it has the lowest cost of entry compared to the rest, so potentially the highest returns in the Region.
• Low Entry Costs

Where in the world can you buy a 5 star development in the Heart of the most expensive district for 62,000GBP in a Highly Developed Country?

• Managed Apartments with Good Rental Yields of up to 8% with ability to reserve time for Personal Usage
• Local Currency is strentghtening year on year since un-pegging from US Dollar
• Booming Economy, high GDP, Low Unemployment (3.6%), KL population 5.6M. Booming Tourism Industry.

Above all For MYGI customers this development is DISCOUNTED for a limited time - So Hurry. Current rates in KLCC for 5 star developments range between 900-2000 Rinngit per Sq Ft, Our Development is being offered starting at 800 Ringit per Sq Ft.

Located in the heart of vibrant Kuala Lumpur City Centre, along Jalan Ampang and the much-sought-after address of Jalan Sultan Ismail lies "Crest Jalan Sultan Ismail" (CSI) - the name just grabs you!

Location doesn't get far better than this... and you know it!

Just minutes away from the internationally renowned Petronas Twin Towers, which literally put Malaysia on the world map, is where Crest Worldwide Resources invite you to make a sound property investment. Crest is strategically located in the heart of Kuala Lumpur's Central Business District (CBD) and surrounded by exciting Shopping centres, Tourists attractions, 5 Star Hotels, the best Entertainment venues, Banks, Transport links and just about everything one needs for modern living and commerce.

FOR BULK BUYERS OR INSTITUTIONAL INVESTORS WE HAVE EXCLUSIVELY COMPLETE FLOORS AVAILABLE FOR SALE - PRIME UNITS - GREAT INVESTMENT AND RETURN AVAILABLE - SPECIAL RATES AVAILABLE!!!!!!!!!

About The Crest (CSI)

Crest is a majestic development of 44 floors of Luxury Serviced Apartments and 26 floors of Modern Office Suites. It offers all the modern amenities and facilities you are used to, coupled with a very prestigious address.

Crest employs an intelligent hexagonal building design which makes every unit a corner unit allowing for the breathtaking view of Kuala Lumpur's cityscape... (and not much of your neighbours). Your privacy is assured.

Careful thought has also been given to the unit distribution with apartment unit sizes of 616, 835, 876, 1162, 1182 sq ft with several designs of Super Penthouses and Duplex Penthouses of 2366, 3500, 3981 and the Premier Duplex Penthouse of 7593 sq ft. on the higher floors. Crest caters for every budget and lifestyle.

It has four main views of the Twin Towers, KL Tower, Parliament and Genting Highlands, although, the layout of most of these residences provide a minimum of two views.

Value

The best selling point of Crest nevertheless are its prices. Starting at really affordable rates, despite the recent abolishment of the "Real Property Gains Tax" (RPGT) on 1st April 2007, Crest has transferred this benefit to the discerning owner to reap the rewards. These prices are one of the lowest in the KLCC precinct considering its ideal location and quality. With the variety of apartment sizes to choose from - entry is also highly affordable to many. Go on, have a piece of central Kuala Lumpur.

A refined Lifestyle with You in the "Centre"

Designed to reflect professional lifestyle trends, Crest comes with complete facilities and services including Retails shops, Eateries, Fine-Dining Restaurants, Newsstand, Bar-bistro and a Laundrette on the ground floor. All facilities such as Swimming and wading pools, Gym, Members Lounge, Children Playground & Playroom are located at the podium on the 5th floor. These facilities are exclusively for the use of the residents. Each apartment comes with fully fitted kitchens & bathrooms, solid timber floors in bedrooms, built-in wardrobes and are air-conditioned.

Experience the grandeur and indulge in the comfort of stylish living in the heart of the city at Crest...

Prices Start from GBP 62,000 with flexible payment plans

The Crest project value is RM350 Million.

Property - Crest Condominium Kuala Lumpur

Crest Condominium located in Kuala Lumpur Jalan Sultan Ismail has just been launched recently. There are now units for sale and it is quite near KLCC with the easy access to anywhere via roads, monorail and LRT. The fact below is extracted from it's official website:

WELCOME TO CREST JALAN SULTAN ISMAIL

Located in the heart of the city, along bustling Jalan Ampang and the much sought after address of Jalan Sultan Ismail Kuala Lumpur lies Crest Jalan Sultan Ismail. It's a 5 minute walk to the world renowned and iconic Petronas Twin Towers, strategically situated within the Golden Triangle, surrounded by shopping malls, tourist attractions, entertainment venues and hotels all in the heart of Kuala Lumpur's Central Business District (CBD).

PROPERTY INVESTMENT BLUEPRINT

Crest Jalan Sultan Ismail is a majestic development of 44 floors of Luxury Residences and 26 floors of modern Office Suites. It offers all the modern amenities that you are used to, coupled with the prestigious address of "Jalan Sultan Ismail". Imagine telling your friends and relatives anywhere in the globe where you live... who in the world wouldn't know where you are?

INVESTMENT LOCATION Crest Jalan Sultan Ismail is: - Located behind the Renaissance Hotel Kuala Lumpur - In the heart of Kuala Lumpur's Central Business District (CBD) - 5 minutes walk to the KLCC Twin Towers - And is close to: - Major banks & financial institutions and embassies - 2 light rail stations (LRT) - Bukit Nanas & Dang Wangi - A string of 5 Star Hotels - Monorail@Concorde Hotel (Bukit Nanas station) - Walking distance to the entertainment hubs of Jalan Sultan Ismail and Heritage Row - Convenient public transport - Taxis & buses - Cultural Activities across the road - MATIC & SALOMA - 20 mins to the Kuala Lumpur Convention Centre - 25 minutes to Bintang Walk - Literally "everything" in the KLCC precint Location of Crest:

Suria Stonor - Site & Floor Layout Plans

The luxurious condos Suria Stonor has its uniqueness where all the units ranges from 3,000 sq ft to 8,000 sq ft and above.

Site Plan of Suria Stonor























Floor Layout Plan of Suria Stonor:

Residential Type A




















Residential Type B




















Residential Duplex



















Residential Penthouse A




























































Residential Penthouse B

Property Insight - Suria Stonor Kuala Lumpur

Suria Stonor, the luxurious condos developed to offer a pleasant and enjoyable stay in the heart of the city Kuala Lumpur. So far, there are still some units available for sale for Residential Type A, Duplex, Penthouse A and Penthouse B.

Suria Stonor from the view of KL Traders:

SURIA STONOR

In the heart of the city, just around the corner from Petronas Twin Towers, there is an oasis of serenity -- where quiet streets are shaded by ancient trees. Where airy bungalows once offered refuge from an uncertain world and even more uncertain climate. Where the air is rich with the grace and elegance of a bygone era. Where Suria Stonor will stand - inspired by the timeless tranquillity unique to this exclusive enclave - fulfilling a renewed desire for sanctuary amidst the hustle and bustle of the city. Suria Stonor offers some of the most generous living spaces in the Stonor Enclave, one of the city's most desirable addresses. Each of its 138 freehold residences, comprising penthouses, duplexes and apartments, offers a built-up that ranges from 3,000 sq.ft to over 8,500 sq.ft. Come home to Suria Stonor and come home to the best of all possible worlds.

Residents' Privileges
At Suria Stonor, you will enjoy a comprehensive range of services and facilities that includes state-of - the -art, round-the clock security, a resourceful conceirge and car velet services. Our priority is your convenience and piece of mind. Extensive soft & hard landscape gardens. 100 feet semi-cantilevered main pool. Lounge pool. children's pool. Sun deck. Sauna and steam room. Full glass gymnasium overlooking main pool. Multi purpose hall. Convenience store. Children's playground. Barbecue facilities. Guest apartment. In addition, for the convenience of residents we have included : Private lift lobby to each residence. Waiting lounge in each wing. Separate guest lift. Minimum three parking bays for each residence. Additional storage at car park area ( optional ).

Suria Stonor from the view of Godarths:

At the heart of Malaysia, located in booming Kuala Lumpur, the ultra-posh new Suria Stonor development promises to provide all the soothing comforts of home just next to, but never disturbed by, the bustling capital city. Nestled peacefully within the exclusive Stonor enclave, within a stone's throw of the world-famous Petronas Towers, Suria Stonor is a luxurious sanctuary made up of spacious, superbly-outfitted freehold residences complete with all the conveniences expected of a world-class development.

A concierge service, valet parking, as well as full health club-style facilities help make this KL's most desirable address. There is a 100-foot semi-cantilevered main swimming pool, a lounge pool, a full gymnasium, private lift lobbies for each residence, as well as separate lifts for guests. In anticipation of the well-heeled residents' needs, each unit is allocated a minimum of three parking bays each.

Inside, the fittings are top-class designer amenities, with built-in jacuzzis in each unit, fine timber and marble on the floors, as well as indoor water features in some units, all of which have uncommonly high ceilings. The list does not end there, however, as every modern convenience has been provided for.

The Suria Stonor promises the best of modern luxury living in one of the world's most exciting cities. If the gallery we have compiled for you leaves you wanting more, feel free to look at the development's website.

Enjoy the insights from both parties!!!

Property Official Website - Suria Stonor KL

The developer of Suria Stonor is Glomac Berhad. The official website of Glomac has the information regarding the development of the project Suria Stonor. This aids as an important information for purchasers or tenants that are interested in Suria Stonor:

Suria Stonor is an exclusive condominium development that combines the space and ambience of a bungalow with all the conveniences of modern living.

Located in an oasis of serenity in the heart of the city within the Stonor Enclave, Suria Stonor offers some of the most generous living spaces within the vicinity of the Kuala Lumpur City Centre. Each of its 138 freehold residences, comprising triplex penthouses, duplexes and condominiums, offers a built-up that ranges from 3,000 sq. ft to over 8,000 sq. ft.

As we luxuriate in the generous, airy rooms, our experience is enhanced by the unique “Garden in the Sky” concept that surrounds us with the beauty of nature.

From the stunning 35-metre ( 100 ft. ) cantilevered swimming pool to the lush tropical landscaping, the design of the public areas and facilities of Suria Stonor add a resort-style ambience to this urban sanctuary.

Nowhere in the city is this more evident than the city centre, made world famous by the soaring Petronas Twin Towers. Here the old and new, east and west blend harmoniously, even joyously.

Kuala Lumpur is a modern city with a multicultural heart. While the city and its denizens have embraced the global worldview of the 21st century, it remains true to its colourful melting pot origins.

Today, the Stonor Enclave remains one of the most prestigious addresses in Kuala Lumpur with a neighbourhood that comprises stately royal houses, embassies and official residences that still evoke the romance of bygone times. Here is where quiet streets are shaded by ancient trees. Where airy bungalows once offered refuge from an uncertain world and even more uncertain climate. Where the air is rich with the grace and elegance of a bygone era.

Proposed common features and facilities include:

• Extensive soft & hard landscape gardens.
• 100-ft semi-cantilevered main pool.
• Lounge pool.
• Children’s pool.
• Sun deck.
• Sauna and steam room.
• Full-glass gymnasium overlooking main pool.
• Multi-purpose hall.
• Convenience store.
• Children’s playground.
• Barbecue facilities.
• Guest apartment.

In addition, for the convenience of residents we have included:

• Private lift lobby to each residence.
• Waiting Lounge in each wing.
• Separate guest lift.
• Minimum three parking bays for each residence.
• Additional storage at car park area (Optional).
• 24-hour security.
• Concierge service.

Map of Suria Stonor from the official website:

Property Blog - Suria Stonor Kuala Lumpur

Suria Stonor, the new development in Kuala Lumpur has been very hot in the market now. This property is located in the heart of the city Kuala Lumpur with walking distance to Vietnam and Pakistan Embassy. In addition, Japanese Embassy is just approximately 3 minutes drive to Suria Stonor.

The Property Malaysia Blog has an article about Suria Stonor:

August 28, 2005

Suria Stonor, KL

This is the new addition to the growing number of ‘KLCC condominiums’, developed by the Glomac group of companies.

It is situated in what they term as the ‘Stonor enclave’ which is a secluded area on Persiaran Stonor (linking Jalan Binjai and Jalan Tun Razak), surrounded by colonial bungalows and the Vietnamese embassy. The site is fairly large compared to the other condos, they are able to fit two large towers instead of the usual single block. In terms of location, it can be said to be quite good, in a less congested area of the KLCC development area, with two choices of access road, but ultimately people who would buy a KLCC condo are most likely to be fully aware of the problems and perks.

As for the view, in our opinion nearby Binjai (by KLCC Properties) and Stonor Park (by Benetton Properties) partially obscures the view of the Twin Towers, and maybe as such they have chosen not to emphasize too much on the ‘KLCC view’ angle. They market it as ‘city view’ for one side of the towers and for the other side, ‘Golf view’ (referring to the Royal Selangor Golf Club).

There are 3 types of units for sale here – single units, one type of duplex and penthouses (only 4 units available). The single units constitute about three-fourths of the units availability, and are actually 2 different layouts, each with 3 sub-variants.

The Suria Stonor basically targets the families buying to stay, be it locals or expatriates. Therefore, they put some thought into the design and layout to express this intent, with larger units (minimum is 3,106sq.ft.), garden / water feature / planting area in foyer and balconies, good number of rooms (we’ll come to that later), and spacious areas all round.

For the single units (which they call residential type) they have a choice of 3+1 or 4+1 rooms. But for the 4+1 version (3,264sq.ft.), they have an additional AV room which can easily be converted to another room, equipped with its own attached bathroom and study. The master bedroom is luxuriously large, with an impressive walk in closet and bathroom equipped with Jacuzzi. The other rooms are also generously large, no complaints here. Even the living and dining are spacious, the visitor is greeted with a good impression when he/she first steps in.

The smaller unit 3+1 version (3,106sq.ft.) is also very spacious (this theme is pleasantly evidently throughout). However, there is no convertible AV room here. But we did find the Asian / wet kitchen a bit small and narrow, this may be alright for the ‘microwave’ generation, but maybe not for the large Asian family.

For the duplex unit (5,447sq.ft.), it is nothing short of breathtaking. The entire living and dining is double volume, with generous full height glass windows, which gives a brilliance in design a few other developments can match. The higher floor has a safe, tempered glass railing, in fact all the units have big glass windows to allow natural light while giving a good view. The duplex unit has 5+1 rooms, including 2 master bedrooms (equally large) and one with is the above mentioned convertible AV room + study / bedroom. The main master bedroom has an interesting open air shower, we’re not sure how many buyers would go for this idea!

Again, the Asian is small, and there are 5 areas that can be used as a private garden or water feature. This is basically in line with their ‘garden in the sky’ concept.

The common facilities are basically average, with the basic pool, gym and playground and function halls. We also like the idea that ample parking is provided for each unit, in contrast to some developments that provide only one bay per unit.

All units come with fit out toilets (including shower screen) and master bedroom has wardrobes installed. For the other rooms and kitchen, the space for wardrobes are nicely prepared. Units also have a private lift lobby as a boon for the budding interior designer in us. All units also have an uncommonly high 13’ ceiling. The price is also reasonable beginning at RM750psf., which means the lowest unit going at about RM1.7mil.

In conclusion, you can gather that we were impressed by the layout, design features and large spaces. Lack of view and common facilities may influence some buyers, but we feel this is a worthy consideration in the competitive KLCC condo market.

Project Name	Suria Stonor
Location	Persiaran Stonor, KLCC area, Kuala Lumpur
Description	23-storey twin block condo
Price	from RM1.7mil (from about RM750psf.)
Unit size	3,106 to 3,264sq.ft. duplex units 5,447sq.ft penthouse units also available
No of units	138 units
Type of development	Residential Apartments on freehold land
Launch Date	currently available
Expected Completion	mid 2008
Developer	Glomac Regal Sdn. Bhd.
Contact	03 – 7804 6160
Website	http://www.suriastonor.com/html/suria.html

Unfortunately, the website provided above cannot be accessed.