20th October 2015
Luxury Residence in Kuala Lumpur's Embassy Enclave
LUXURY RESIDENCE IN KUALA LUMPUR’S EMBASSY ENCLAVE PRICED FROM HKD1.9 MILLION
Ringgit depreciation provides opportune moment for investment in the Malaysian Capital
Hong Kong, October 20, 2015 – Asia Bankers Club today announced that it has been appointed by Hap Seng Land Sdn Bhd (a wholly-owned subsidiary of Bursa Malaysia-listed Hap Seng Consolidated Bhd) to market the company’s most ambitious project to-date, Aria Luxury Residence. This 598-unit freehold development is the perfect example of value investment due to its strategic location within the prestigious Kuala Lumpur’s embassy enclave and its proximity to Kuala Lumpur’s Central Business District.
“The Southeast Asian city of Kuala Lumpur has always been a popular destination for foreign investments due to its warm climates, multi-cultural society, delectable cuisine, and hospitable locals. With the recent currency depreciation, it is an ideal moment for investors to purchase KL properties at a lower price. The consolidation in property prices as a result of the weakening ringgit is similar to what happened to the Hong Kong property market during the SARS outbreak,” says Kingston Lai, CEO of the Asia Bankers Club.
As a result of this golden opportunity for capital gains with low investment entry, the Asia Bankers Club, along with its subsidiary Golden Emperor Properties, is launching ARIA, a luxury residence in KL, to Hong Kong investors. This prime development is located in the sophisticated and premium neighborhood of KL’s embassy enclave and is minutes away from the KLCC Twin Towers. With unit prices starting from HKD1.9 million, investors only need to provide a down-payment of HKD100,000 with the majority financed through a mortgage of up to 80% and the developer’s early bird discount.
ARIA was designed with the concept of musical fluidity that combines beauty and functionality. The project boasts one of the largest spread of facilities in the city centre with 1.5 acres of leisure spaces across four zones named after the voice classifications of Bass, Tenor, Baritone, and Soprano. Accessibility is also a key factor as the proposed new KLCC East MRT station is located minutes away by foot from the development. Moreover, shopping and entertainment destinations such as Pavilion KL, the new TREC (Malaysia’s first purpose-built entertainment destination), the exclusive Royal Selangor Golf Club, and the KLCC Park are just a stone’s throw away.
“Despite the current uncertainty of the KL economy, we believe that this is the best time to invest in KL properties for various reasons. Firstly, we believe that the Ringgit depreciation is short-lived and a rebound is imminent due to historical currency trends. Secondly, investors should take advantage of this temporary economic downturn as it provides the best chance to purchase premium deals at a substantially reduced price,” Lai adds.
The Hong Kong launch of ARIA will take place on the 7 – 8 November 2015 in The Park Lane Hong Kong, 27/F, Park Lane Rooms IV – V, 310 Gloucester Road, Causeway Bay.
About Asia Bankers Club
The Asia Bankers Club is an investment club for banking and finance professionals in Asia. With a vast member base, the Asia Bankers Club organizes events for its members and provides physical assets for investments, such as properties, fine wines, art, timepieces, and collectables. Our members are from top tier investment, private and consumer banks, asset management companies, private equity firms, hedge funds, and sovereign wealth funds primarily located in key financial centres.
About Hap Seng Consolidated Bhd
Hap Seng Consolidated Bhd is a progressive and well-established publicly listed company with diversified businesses in plantations, property investment and development, credit financing, trading of fertilisers and automotives, as well as building materials and stone quarries.
Ranked at no. 29, by market capitalization, out of 814 companies listed on the main board of Bursa Malaysia Securities Berhad, Hap Seng Consolidated’s market capitalization stood at RM13.2 billion as at 9th October 2015.
- Freehold condominium completing Q2 2019
- Developed by an established property developer – Hap Seng Land Sdn Bhd (a wholly-owned subsidiary of Bursa Malaysia-listed Hap Seng Consolidated Bhd)
- 10 minutes’ walk from KLCC Twin Towers and located within the diplomatic enclave at the heart of KL City Centre
- Unit sizes ranging from 630 sq.ft. to 1,502 sq.ft.
- 65,000 sq.ft. (1.5 acres) of facilities
- Total 598 units (299 units per tower), up to 46 storeys high
- Price from HKD 1.9M or HKD2,900 per sq.ft.
- Bank financing of up to 80% for foreigners and 90% for Malaysians*
- Expected gross rental yield of 6% p.a.*
- Maintenance fee of RM0.55 per sq.ft.
- 100% foreign eligibility
*Terms & conditions apply
Above: With almost 65,000 sq. ft. of facilities, Aria pampers residents with one of the largest leisure spaces in Kuala Lumpur. The facilities floor of ARIA overlooks the expansive and picturesque grounds of the prestigious Royal Selangor Golf Course; such picturesque golf course views are extremely rare in KL as very few buildings are situated in the vicinity of the RSGC
Above: Selected units provide an unobstructed view of the city skyline, including breathtaking views of the KLCC Twin Towers