It’s not every day that investors come across a property in the capital city’s Central Business District – Star Residences Kuala Lumpur City Centre (KLCC), Malaysia.
Sifting through the sheer volume of overseas property advertisements, one can appreciate the magnitude of difficulty investors have in selecting an appropriate overseas asset. As all real estate professionals will tell you, location is the only factor that really matters. Star Residences is a rare 4.12 acre freehold development in the Central Business District of Kuala Lumpur.
“Located only 5 minutes on foot from the Petronas Twin Towers and 2 minutes on foot from the KLCC LRT station, Star Residences is set to be a new landmark in Kuala Lumpur,” shares Theresa Fok, Managing Director of Jade Land Properties (HK) Limited.
“In addition to sitting right at KL's own Star Walk of Fame, the project boasts six storeys of upscale F&B/entertainment and a penthouse infinity pool & restaurant bar,” Fok explains. “The 58-storey mixed-development is also backed by two of the most reputable property developers in Malaysia – Symphony Life Berhad and United Malayan Land Berhad (“UMLand”), and a prestigious multinational builder – Samsung C&T. Investors can therefore expect top-notch construction quality and on-time delivery scheduled for mid-2021.”
As in any other Central Business District around the world, commercial units in KLCC are in abundance. Therefore, a residential project situated in this prime location will support the demand for professionals who value convenience to their workplace. Star Residences offers a full array of layout options, one to four-bedroom units with den options, overlooking a stunning view of the iconic Petronas Twin Towers or a distant mountain view of the Genting Highlands. In addition, residents have access to a spacious 100,000 sq.ft. facility deck with a 50m outdoor swimming pool. Star Residences is the embodiment of contemporary city living in terms of convenience and chic architectural design.
Fok highlights why it is a good time to become early owners of the star-studded project. “Although still in its all-time low range, the ringgit has been strengthening in the past few months. Those who are interested in securing the instant discount offered by the Malaysian currency should act now. I suggest that you ensure that the Kuala Lumpur property of your choice ticks all the boxes of a premium development favoured by homeowners, tenants and other investors alike.”
Looking at the Asia-pacific region, investors are confident that Malaysia is on the right course for continuous growth and prosperity thanks to the government’s reforms and programmes, such as the Greater Kuala Lumpur Economic Transformation Programme as well as Malaysia’s pivotal role in China’s upcoming Belt and Road initiatives.
Fok points out that the International Monetary Fund has, in fact, just upgraded its 2017 growth forecast for Malaysia to 5.8 per cent from 4.5 per cent, and the number is expected to be even higher next year. Such strong economic performance backed by rapid infrastructure developments will undoubtedly support housing demands, giving overseas investors yet another reason to put their dollars in the country’s real estate for promising returns.