Morning & Good Day Members, A good sharing to you as below. It proof there is still many of wealthy Malaysian nowadays ^^. Economic still look great. Hope this also can boost up our members confidence. Transacted at a record RM3,000 per square feet, Malaysians are the majority buyers of the private residences at the RM3 billion Four Seasons Place kuala lumpur. According to the source, some buyers even paid cash for the properties priced from RM3million upward however they declined to reveal the names of the buyers. Located next to the Petronas Twin Towers, the Four Seasons Place is a 1.5 million sq ft integrated development owned by Venus Assets Sdn Bhd. Venus Assets is controlled by Ipoh-born Singapore mogul Ong Beng Seng, businessman Tan Sri Syed Yusof Syed Nasir and the sultan of Selangor, sultan Sharafuddin Idris shah. According to the source, it is being constructed on a 1.04ha site that the corporate the company for RM90 million in 2003 from the estate of the late Khoo Teck Puat, a former shareholder of standard chartered Plc. Meanwhile, the companys director, Datuk David Ban, additionally has a stake in the development. The 65-storey Four Seasons Place can house the 231-room Four Seasons hotel and its 242 units of private residences atop a 300,000 sq ft upscale retail mall. Comprising 232 typical units (1,098 sq ft to 3,843 sq ft), eight duplex (6,512 sq ft to 7,039 sq ft) and two penthouses (11,984 sq ft), the residences can take up 42 floors. Since May last year, around 70 per cent of the residences have been sold together with the eight duplexes, a source told the Business Times. The typical units were sold at between RM3 million and RM12 million, whereas the duplexes were offered at more than RM20 million each and the two penthouses are value about RM38 million each. Moreover, the residences can provide the ultimate in prestige and exclusivity for owners with a rooftop sky lounge, private dining pavilions and a swimming pool 330m above ground level. It is understood that Ong will keep one of the penthouses whereas the second unit are going to be sold to a ready client at RM3,300 psf. Most of the buyers are collectors who wish to keep the units they bought due to the location and the Four Seasons brand name, the source said. Once completed, the Four Seasons Place are going to be Malaysias second tallest building after the Petronas Twin Towers.
Posted on: Tue, 25 Mar 2014 02:23:30 +0000
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