With an eye on international buyers seeking a place not too far from the city center in Kuala Lumpur’s Golden Triangle area, Low Yat Group recently launched Tribeca Service Suites, a 36-storey development of high-end serviced apartments being built at an estimated gross development value of RM490 million.
The demand from buyers to own a home in this prestigious area can be judged from the fact that since its launch, the first phase of the Tribeca project has attracted 42 percent foreign investors from China, Taiwan, Hong Kong and Singapore.
The development will be 36-storey tower consisting of 318 serviced suites on a 0.3ha land with the studios and suites ranging from 510 square feet to 1,020 square feet and the loft units of 1,300 square feet in size.
The project named after a place in Manhattan, is a neighborhood within a building that is suited for hotel-style living featuring two rooftop infinity swimming pools and five unique Sky Pods, which will serve as common areas scattered throughout the tower.
Each pod will act as extended features to the units where residents or business travelers staying temporarily can entertain friends in one of the lounges or host a 20-pax dinner function in the club. While some residents can use the common facilities free of cost, some others are only accessible with a small fee.
Expected to be completed in three years, once completed, the development will feature F&B outlets, concierge service, an exclusive entrance for residents and sun-bathing decks. Prospective buyers can also choose to have their property managed by Fairlane, a well-known hospitality management company under the Low Yat Group. Buyers who purchase the property before a predetermined date can also have their mortgage repayments withheld for four years after the initial down payment is made, making it even more attractive to potential buyers.
Built on a 0.756-acre freehold land, Tribeca is located in Jalan Imbi and is near Imbi and Bukit Bintang monorail stations. It is five minutes away from the Pavilion shopping mall and a 15-minute walk to the Kuala Lumpur City Centre.
About the developer:
Set up in 1947 by the late Tan Sri Dato’ Low Yat, the Low Yat Construction Company throughout its 60-year history has maintained a steady growth and presence in property development, property investment, hospitality and retail. The group’s property portfolio now include hotels and resorts, luxury condominiums, service apartments and shopping malls in Malaysia, Australia, China and Japan including, the Bintang Fairlane Service Residences, a 256-unit luxury serviced apartments located in the heart of Bukit Bintang; MyHabitat Service Residences, a twin-tower luxury serviced apartment located in the peripheral of the Kuala Lumpur City Centre, along the Embassy Row; Bandar Tasik Puteri, a 2670-acre township that will serve as an integrated urban regional centre in the North Klang Valley.
Suites and studio, with sizes ranging from 510 to 1,020 square feet, and will cost from RM950,000 to RM1.5 million. On the other hand, loft units with a built-up area of 1,300 square feet are priced between RM2.4 million and RM3 million.
For more information on availability of units and latest pricing you can contact their sales team at +603-21438366, +6012-2490022 or email them at firstname.lastname@example.org. More details are also available at their website, www.tribeca.com.my.