One Residency @ Bukit Bintang is a newcomer of serviced residence residing in Bukit Ceylon vicinity along Jalan Nagasari, near KLCC and Bukit Bintang. One Residency @ Bukit Bintang is an exclusive low-density freehold project of serviced suites and apartments located next to Istana Hotel. The whole development of One Residency @ Bukit Bintang comprises of three building blocks that comprising of 16-storey North Tower and 30-storey South Tower, and an office tower. Residents will be catered with twinkling star of the city center at night and exclusive wealthy living right within the Golden Triangle of Kuala Lumpur.
One Residency @ Bukit Bintang offers exquisitely designed units in a number of layouts, including one-bedroom (745 sf), two-bedroom (1,116 sf), three-bedroom (1,312 sf), three plus one-bedroom (1,893 sf) and lavish Penthouse Suite (3,884 sf). Each floor houses nine units, and there are four lifts to serve the residents. Each unit features good ventilation and natural lighting via its three window surfaces which are all laminated to reduce noise and heat. Floor is furnished with porcelain tiles for living, dining and study room, while master bedroom is furnished with laminated timber flooring. SOHO units are furnished with porcelain tiles. All units are built with air-conditioning and kitchen cabinets that complete with stainless steel sink, cooking hood and hob. Master bathroom comprises of long bath, shower rose, water closet, wash hand basin and marble vanity top. While other bathrooms consist of shower rose, water closet, wash hand basin, and marble vanity top.
Property Details:
Name: One Residency
Address: Jalan Nagasari, Off Jalan Raja Chulan, 50250 Kuala Lumpur
Developer: Visionwell (a member of LION Group)
Completion Date: Mid 2009
Type: Condominium
Tenure: Freehold
No. of Blocks: 2
No. of Storey: 16 and 30
No. of Units: 426 (116 SOHO and 305 apartment)
Land Area: 0.9 ha
Built-up: 745 – 1,893 sf
Launch Price: RM474 psf (starting from RM278,000)
Subsale Asking Price: RM750 psf
Rental: RM4.50 psf
Facilities:
BBQ area
Business center
Clubhouse
Covered parking
Gymnasium
Mini market
Nursery
Playground
Salon
Sauna
Swimming Pool
Wading Pool
24hr Security
Cafeteria
Analysis:
One Residency @ Bukit Bintang is strategically located within the Kuala Lumpur’s Golden Triangle within Bukit Bintang and KLCC enclaves. Residing in the area, residents should not worry about facilities and amenities available, as most necessities are within reach, and just within walking distance. One Residency @ Bukit Bintang is near to Raja Chulan monorail station, commercial centers, hotels, bars, clubs and shopping malls.
One Residency @ Bukit Bintang was developed by Lion Group, via its property arm, Visionwell. The group which is well known for being a steel manufacturer, has been diversified its business into other fields including property developer and retail business under Parkson chain, which its stores are located local and overseas. It co-owns the 50-storey Citibank Tower in Kuala Lumpur, and developed numerous residential and townships including Twins at Damansara Heights, Bandar Bukit Mahkota, Bandar Mahkota Cheras and Bandar Mahkota Banting to name a few. Not only that, it has also undertaken real estate development jobs in Singapore and China. Meanwhile, One Residency @ Bukit Bintang interiors are done by LCL Corp, which also responsible for other high-end residential and commercial properties interior designs such as Berjaya Times Square Hotel.
One Residency @ Bukit Bintang has been word of mouth since its launch back then in the end of 2005. But since then, their development seemed to be slowly in progressed. Even a year later, there was no construction work done at the site. It was reported that the developer just got the green light to commence development work by the authority by June 19, 2006. Good news for the owners that the construction works are pretty quick, which it was completed right as scheduled, in 2009.
Units available for purchase or rent in One Residency @ Bukit Bintang is only North Tower that comprises of 16 floors as the whole 290 units of South Tower are purchased by a subsidiary of UOL Overseas Development Pte Ltd which wholly-owned by United Overseas Land Ltd. The tower will be operated as service apartments and suites by Park Royal.
Maybe because it was launched in 2005 while the competition was not as stiff as nowadays, it seems that the condominium only offers typical facilities and accommodations like normal condominiums. Unlike most of residential in KLCC enclave, they are equipped with high class and appealing facilities such as yoga studio, squash court and laundry.
The views are not great either, unless you owned large units, then you will enjoy mesmerizing view of KLCC and KL Tower. Smaller units from 1br to 2br units face either South Tower, Menara Boustead or Istana hotel.
One Residency @ Bukit Bintang's modern architecture and glassy features are really appealing for the investors as well as its tag price. Due to its long time launched, most of initial buyers should make a fortune by now. But, there is still huge potential for One Residency @ Bukit Bintang to shine in near future which the price will climb further once the economy recovers. With limited units available for trade as South Tower is wholly owned by UOL Overseas, the price will hike easily in no time. It scores on location, and design inside out, it will surely do well.
(Source: this article is written by a property analyst)
Contact: Max Yong
Tel: 012-2868877
Email: propertyworld.my@gmail.com
