Cendena, Jalan Sultan Ismail - KLCC - Hot Property
KLCC Prime High End Luxury Condo. Asking RM1250 PSF.
IRGO.COM/03 Jan 2008/ Kuala Lumpur - Located on Jalan Sultan Ismail in Kuala Lumpurs Golden Triangle. Cendena is an excellent property within walking distance to the world famous Petronas Twin Towers, connected via a bridge to the five star Renaissance Hotel Kuala Lumpur. This ideal six stars condominium offers a unique investment opportunity for those looking forward towards potential 100%+ capital gains in the next 3yrs.
Judging from developments within Kuala Lumpur, most new developments in the same vicinity are prized around RM880.00 (Hampshire Park/Tan n Tan development), RM1100 (habitat) to RM1800-2200 (1 KL/ K-Residences). The differentiating factors among all these developments are:
1. Product. While Marc Residences (RM1100-1350), Binjai (RM950-1250), Dua (RM750-1000), and Habitat (RM750-1000) all advertised as High End Luxury Condo's, they have an inferior quality of finishing as compared to Cendena. The floor tiling used in Marc Residences, for example, is sub standard and the corridors leading to one's apartment is not what one would expect of a high end luxury condo. Additionally, the building's structure comprises of Steel and glass in a futuristic look.
2. Condo Facilities. Most condominiums offer swimming pools, be it wading, lap and children’s pool, together with a gymnasium, resident's lobby, sitting area and rest of the works. Cendena is the one and only development at the moment that is connected to a five star hotel via a sky bridge - The Renaissance Hotel on Jalan Sultan Ismail. Pricing for such developments connected to a five star facility is relatively higher than normal condominiums. Two similar property ventures are slated for launch in the coming months: The Four Seasons Residences, rumoured to be connected via a sky bridge to the world famous Petronas Twin Towers, with starting prices expected to be well above RM2500/- psf; and the second such development is that of Millenium Residences, a project by City Developments Limited (Singapore). The Millenium residences will be connected to the Millenium Hotel on Jalan Bukit Bintang and is expected price launch is RM1800/- psf.
3. Location. Cendena is well located within the golden triangle. Approximately the same distance away from the Petronas Towers as K-Avenue and it is much closer to the twin towers than Binjai, Hampshire Park, and Dua Residency. The ideal and positive feature for Cendena is in its location. It has a quiet, serene and secluded environment as compared to that of Marc Residences. It’s simply an argument of taste and liking for an Individual. For a family who loves privacy, peace, and a silent environment, Cendena’s location is simply much better than those Apartments located right across the street from the twin towers. The Twin towers never seem to sleep as it remains the No 1 tourist location in Malaysia, with traffic clogged upto 3am on Jalan Pinang due to Beach Club and the rest of the bars on the street, to the parade of office workers and tourists within the day.
Down town yuppies who like living in the city would also prefer to lease/buy a product like Cendena as it offers various entertainment and shopping complexes within its reach and yet it is far away for privacy. For anyone looking for a ideal residences in the KLCC area, Cendena is a good home as well as an Ideal Investment.
CITY MAP: 5mins walk to Zouk KL Conconrde Hotel / Hard Rock. KLCC Petronas
8mins walk to Jalan Pinang, Beach Club, Aloha and Rum Jungle Clubs Ampang Park, K-Avenue
10-12mins walk to Pavilion, Bukit Bintang (Via Jalan Sultan Ismail)
POTENTIAL PRICE ESTIMATES: Judging from the above, as well potential for Real Estate Investments in Malaysia, real estate values are expected to hit RM2000/- psf for this project within 3yrs. At a pricing of RM1250/- psf, Cendena offers a low price entry into the luxury condo market as compared to the others in the vicinity. For further details please call +6016-2828-858. (IRGO.COM)
See Crest Developments Price list (New leasehold 99yrs development next to cendena), attached in the forums. Registration Required.
