Berjaya Land reintroduces newly designed Ritz-Carlton Residences Kuala Lumpur

KUALA LUMPUR (Sept 20): Berjaya Land Bhd has reintroduced its Ritz-Carlton Residences Kuala Lumpur, located at the intersection of Jalan Sultan Ismail and Jalan Ampang, with new interior design concepts.

The luxury residences are designed by world-renowned, multi-award winning interior design firm Peter Silling & Associates.

“Buyers can now choose from three interior design concepts — Modern, Classic and Finesse — to match their own individual styles," said Berjaya Land CEO and director of Wangsa Tegap Sdn Bhd Datuk Francis Ng in his welcoming remarks at the media preview of the newly designed project.

The 48-storey project offering residential suites is developed by Wangsa Tegap, a wholly-owned subsidiary of Berjaya Corp Bhd. The total gross development value (GDV) is RM1.18 billion.

Sitting on a 2.7-acre freehold site and one of the two towers at Berjaya Central Park, the Ritz-Carlton Residences consists of 288 suites with unit sizes ranging from 1,023 sq ft to 4,284 sq ft. Prices start from RM2,500 psf while the maintenance fee is RM1 psf.

Ng added that the Ritz-Carlton Residences is the first branded residence in the city centre not to be co-located with a hotel component, thus ensuring that residents will enjoy an exclusive lifestyle in the privacy and comfort of a residential environment.

“The residences are slated for completion by 1Q2017 as it is now 91% to 92% completed. The current take-up rate is at 30% so we are eyeing to achieve another 30% — making it 60% by this year end.

“Also, the tenant ratio is 50% foreigners and 50% locals. This development is targeted at high-net-worth individuals where 30% of our buyers are actually multimillionaires,” he claimed.

The residences are managed by Ritz-Carlton Hotel, in accordance with the standard of the Ritz-Carlton brand, which provides five-star luxury living with personalised services such as 24-hour concierge and housekeeping services, vacant home care management services as well as security and lifestyle facilities.

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