Tag Archives: condominium

Review: Monument Thong Lo Condominium, Bangkok

Located in the heart of Sukhumvit 55 in Bangkok, The Monument Thong Lo is Sansiri’s latest high-rise luxury development. The 45-storey residence will be an architectural masterpiece designed by architecture firm Quintrix. They are known internationally for their Al Sharq Tower and Al Hamra Firdous Tower.

A new design team was tasked with creating the interior for the project. ITH interior make their mark on the project from the moment residents walk in the door. Marble will fill the space, giving a feeling of grandeur and pillars will be fitted with handpicked premium leather. The leather theme continues over to the furniture where it is combined with petrified wood.

A hallmark of the interior design and a unique space within the building is the mail room. Walking in to get your mail, one might completely forget about the bills waiting behind the stylish wood and premium leather cabinets. The brass handles hark back to yesteryears in this all inviting room.

When it comes time to head up to your apartment, private lifts whisk you skyward to your floor. Three different types of apartments are available, with no more than four units located on each storey. This has allowed for each unit to have at least one corner of the building and a 180-degree view of the city. A two bedroom with three bathrooms makes up the smaller units at 1,337 sq. ft., while the larger unit is a three bedroom, four-bathroom unit with 2,715 sq. ft. There are also penthouses available – more on that below.

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All apartments will come equipped with Gessi products as bathroom furnishings. Sticking with the stylish overall feel of the residences, Rettangolo faucets will feature prominently throughout. It doesn’t stop there, marble is laid from the bathrooms through to the living room, creating a cool environment and adding to the high quality of materials used.

When you think of penthouse living, The Monument’s penthouse is exactly what one thinks of. It is big! Ranging up to 7,126 sq. ft. and featuring almost 16 and a half feet ceilings in the living rooms. One is so large in fact, that it has its own private swimming pool. There are not many sky high palaces in Bangkok with their own private outdoor pool to splash around in. For those on the lower levels, don’t feel left out as there’s a 92-foot swimming pool sculpted out of aluminum. A swimmers dream on the second floor.

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Sansiri has done a great job to ensure there’s plenty of green outdoor space for an urban project. Working with landscape designer, Tectonix, two gardens have been created. One will measure 3,444 sq. ft. at the front and the second will measure 6,458 sq. ft. at the rear. This layout really gives a homely feel. Uniquely, five ancient trees will be kept on the project. They’ve been in Thong Lo for generations and add to the character of the gardens.

The Monument wouldn’t be complete without an array of facilities for its residents. There’s a nearly 10,764 sq. ft. recreational garden with a children’s playground, fitness center, large swimming pool and multipurpose area. Residents also have access to a 24-hour butler service, numerous parking spaces, security and 1-year with Quintessentially Lifestyle concierge service.

With everything at its doorstep, including Thong Lo BTS Station and a number of luxury shops and restaurants, residents of The Monument get to enjoy the very best of Bangkok.

BUYER INFORMATION

Property:
The Monument Thong Lo

Location:
Bangkok, Thailand

Developer:
Sansiri PCL

Highlights:
Exclusive Location
24-hour Butler Service
92-foot Swimming Pool
Fitness Centre
Private Parking
Large Gardens
1-Year Quintessentially

Membership Price:
On Application

Contact:
www.sansiri.com

Property Focus: 2-28 Scenic Villa Drive, Hong Kong

Scenic Villa Drive offers an unobstructed panoramic seaview maximized by large windows and big balcony. The development is located at tranquil Scenic Villa Drive in Hong Kong Island South. There are a number of low-rise luxurious residential developments in the vicinity.2-28-scenic-villa-drive-hong-kong-3

Travel time to Central is within 10 minutes. Hong Kong Cyberport, the ISF Academy and The Hong Kong University are just a short drive away. In addition, the frequent shuttle minibus HR88 provides convenient transport to Central.2-28-scenic-villa-drive-hong-kong-5

Unparalleled on Hong Kong Island’s south-side, marvel at the views with south facing aspect. The practical layout provides 90% efficiency in terms of living (usable) space, enhanced by the balcony’s approximately 38 feet of panoramic glass balustrade. The property is extremely rare and a genuine gem of combined spaces totalling more than 4,600 sq. ft.2-28-scenic-villa-drive-hong-kong-4

Huge living and dining rooms connect to the full seaview balcony, offering more than 1,000 sq. ft. of space. Master bedroom suite with boutique-style walk-in closet, Jacuzzi bathtub and sauna installed with fireplace and full marble in bathroom. Flexible and practical layout provides a further four bedrooms, study, library, family room, kid’s playroom and yoga dance area. Fully equipped kitchen with breakfast island and pantry for more than 400 sq. ft. Finally, there is ample storage space, wine cellars, laundry room and maid’s quarters.2-28-scenic-villa-drive-hong-kong-2

Price on application

This article was first published in Palace.

This property is managed by Alta Collection.

Property Focus: Duplex Penthouse, Century Tower, HK

A Scandinavian concept designer duplex penthouse with a 180-degree panoramic view of the entire Victoria Harbour resides majestically atop the prestigious mid levels estate.duplex-penthouse-century-tower-dining

This penthouse is situated below the fog-line. It is on a similar horizontal line with 28 Baker Road; yet this residence is just 10 mins away from Central.

Everything from the warm wooden walls to the floor design and cleverly installed glass fixtures on the stairway and balcony welcomes the family home from the hustle and bustle of the vibrant energy of the city.duplex-penthouse-century-tower-bedroom

The kitchen is spacious and generously proportioned, with state-of-the art Miele installations while the dinning hall sits comfortably next to the vast greenery on the mid levels.

All ensuite bedrooms are privately located on the upper floors and enjoy the cinematic view of the Victoria Harbour.duplex-penthouse-century-tower-master-bedroom

The penthouse comes with three carports, the closest ones to the elevators, and is one of the only two floors which have grand marble lobby.

Mail is delivered directly to each unit of the building, providing a high degree of privacy and a high status experience.duplex-penthouse-century-tower-balcony

Swimming pool, open park, gym room, free shuttle bus (to Central) are available.

Price on application
3 Ensuite bedrooms
5,130 sq.ft. (Gross Area)
4,082 sq.ft. (Saleable Area)

This property is managed by Alta Collection.

This article was published in Palace Magazine.

Reflections At Keppel Bay

Review: Penthouses, Reflections At Keppel Bay

Commandingly sited atop the highest floors of the villa and tower blocks of Reflections at Keppel Bay are some limited-edition penthouses ranging in size from 3,600 sq. ft. to 13,300 sq. ft., available to the discerning few.Reflections At Keppel Bay

The penthouses present an array of choices for homeowners, made possible by its meticulous design to provide excellent and functional layout with spacious rooms to optimise the view of the seafront and lush landscape. Spacious and versatile lounge area allows homeowners to pursue lifestyle options such as a private art gallery to showcase their personal collections, generous entertainment area, or family room. Living areas boast floor-to-ceiling glass walls to enjoy the panoramic view of the Sentosa Island, Resorts World Sentosa, Mount Faber, Keppel Club golf course and Marina at Keppel Bay.Reflections At Keppel Bay

Reflections at Keppel Bay is a spectacular ensemble of six curved glass towers of 24 and 41 storeys and 11 low-rise villa apartment blocks between six and eight storey high. Housing a total of 1,129 luxury homes along a 492 ft. shoreline, Reflections at Keppel Bay is part of the vibrant waterfront city in southern Singapore boasting spectacular attractions and waterfront amenities right at its doorstep.

This article was first published in Palace.

Focus: Oceanfront Condominium, Sentosa Cove

Located on the island of Sentosa, Sentosa Cove is an exclusive residential community popular among the rich and famous. Poised at the very top of the award­ wining Oceanfront condominium, this magnificent penthouse is framed by stunning natural beauty, with the glittering marina on one side and the coastline, Southern islands and the sea on the other.#15-11-The-Oceanfront-Master-Bedroom

Set on the tip of Sentosa North Cove, this Oceanfront penthouse is the area’s ultimate private sanctuary, offering uninterrupted views across the South China Sea. Designed by award­-winning architectural firm Wimberly Allison Tong & Goo Inc. and luxuriously fitted with Miele appliances as well as Hansgrohe Axor Citterio premium bathroom collection, the 5,984 sq ft duplex offers a rare quality befitting an exclusive seafront home.#15-11-The-Oceanfront-Outdoor-Space

Living on the island of Sentosa promises a splendid lifestyle with plenty of entertainment set against an exquisite backdrop of sun, sea and sky. The Oceanfront is just minutes away from Resorts World Sentosa, the Sentosa Golf Club and a short walk to the hip restaurants of Quayside Isle. The residence is also within ready and quick access to the Central Business District.#15-11-The-Oceanfront-Lvl-2

There is a feeling of luxury from the moment the lift opens onto the private lift lobby. Large bay windows and generous ceiling heights open the living areas, affording glorious views of the horizon. Wide and spacious, the first level houses a roomy living room, three en­suite bedrooms, a study room, maid’s room and the dry kitchen. With floor-­to­-ceiling windows and a large balcony that faces the sea, the master bedroom suite offers residents a lovely sight to wake up to every morning.#15-11-The-Oceanfront-Poolside-Panorama-2

Full­ length windows with sweeping views of the marina line the flight of stairs leading up to the rooftop, filling the apartment with light. There, an infinity­ edged lap pool, surrounded by lush landscape, is a haven of serenity away from the bustle of the city. The vast al fresco deck by the pool offers a sublime environment for cocktail parties and formal functions. There is ample space for family BBQs as well as everyday relaxation in sun or shade – giving you an enviable lifestyle at sky level. Price on Application.

For more information on the Oceanfront, visit Alta Collection.

This article was first published in Palace Magazine.

 

Review: Baan Mai Khao, Phuket

  1. Located on the beautiful Andaman Sea, Baan Mai Khao, Phuket, is the first freehold beach condominium development in the Thalang district. Heading north 20 minutes from Phuket International Airport, which will see its expansion complete in May of this year, you’ll find yourself in an exclusive coastal area known as Mai Khao Beach.15_08-Baan-Mai-Khao-Landscape_005

Encompassing 5.4 acres, Baan Mai Khao features six, three – storey buildings and three, five – storey buildings. The developer, Sansiri, has created the concept of “barefoot luxury”, in which you have a high-class getaway surrounded by nature. Residents of the 206 units enjoy the lifestyle of being in a tropical getaway from the moment they enter the lobby. A semi-outdoor space with a direct view of the sea. Immediately all your worries drift away as the beautiful scenery encapsulates you.15_08-Baan-Mai-Khao-Landscape_006

Gardens feature local trees unique to Mai Khao Beach, while the architecture and design is in a Sino – Portuguese style, paying tribute to Phuket’s historical roots. The blending of outdoors and indoors continues as you walk through the development. A long pool stretches the length of the property, with some units having direct pool access from their terrace. Direct access to the sea is only a few footsteps away past a beachfront pool. Once on the beach, 230 feet are at your disposal.Baan-Mai-Khao-512-Editv2

There are five unit types available: One-bedroom, two-bedroom, two-bedroom duplex, three-bedroom and penthouses. Sizes range from 640 sq. ft. for the one-bedroom all the way up to 2,380.9 sq. ft. for the largest penthouse. The entire development features: 3 swimming pools, a fitness centre, beachfront BBQ area, 24-hour security and concierge service, as well as multiple outdoor recreational areas. Buyer’s can choose from 8 different interior designs, created in collaboration with design firm Chanintr Living. There’s also the ability to have the interior designed based on whether the buyer will use the residence themselves or they plan on renting it out.Baan-Mai-Khao-Green-Apple-70(resize)

Exploring the area of Mai Khao beach is quite unique. Other than the incredible beach itself which is tranquil and mostly untouched, there’s a mixture of lakes, outdoor food stalls, 5 star hotels and shopping. In fact, just a short stroll north along the beach and you’ll arrive at the Renaissance Phuket and the JW Marriott. Baan-Mai-Khao-Green-Apple-30(resize)

About the Developer Sansiri has been developing quality real estate projects for more than 32 years. Founded in 1984 by the Chutrakul family and later becoming publicly listed on the Stock Exchange of Thailand in 1996, Sansiri is one of Thailand’s most respected developers. From hotels to homes, Sansiri’s portfolio stretches all the way from their base in Bangkok to Kensington, London. Enveloping a full range of projects and comprehensive customer service. In fact, over the past 32 years, Sansiri has built 295 projects and recently was voted both Thailand’s Most Admired Brand and Thailand’s Most Admired Real Estate Company in 2014.15_08-Baan-Mai-Khao-Landscape_018

Buyer Information
Property Baan Mai Khao

Location Phuket, Thailand

Developer Sansiri PCL

Highlights 206 Residential Units, Exclusive Location, 24-hour security, 3 Swimming Pools, Concierge service, Fitness Centre, 230 feet of beachfront

Price From just over $394,734 (THB 13.5 million)

Contact www.sansiri.com

This article was first published in Palace.

3 Fashionable London Addresses

London, despite some faults, remains a destination for lovers of the high life and high fashion. Despite recent events (read Brexit although the city itself voted to Remain) London will likely continue to be an important center for the wealthy and the canny alike. On the plus side, now is the time to take advantage of favorable exchange rates!

From designer clothes to the luxurious properties available, the British capital has lots to offer if you don’t look past the superficial. For this story, we’ll dive a little deeper and make straight for three homes that would be sound investments and put you in close proximity to any luxury goodies that your wardrobe cannot resist.

205 Holland Park Avenue 205-Holland-Park-Avenue-1

Located just minutes away from Kensington, Notting Hill and Knightsbridge, this Redrow London development provides you access to some of the finest attractions in London. The 17 apartments — one, two and three bedrooms— bring a level of luxury and comfort to its residents, who are also assured of exclusivity, what with just 16 neighbours. Those familiar with the area might realize that this is the first new-build on this famously fashionable street in more than 50 years.

The apartments range in size, from 584 square feet to 1,285 square feet, with a breath taking view of west London; the highest you can go here is the 10th floor so be aware. While shopaholics will have their playground just minutes away, the location provides art lovers a space to enjoy their craft as it has its very own studios on the ground floor that measure a combined 8,500 square feet. Yes, this property has the vibe of an artists’ commune to it.205-Holland-Park-Avenue-2

The interiors boast luxurious fixtures and fittings such as polished chrome door handles and kitchens fitted with Nobilla units as well as built-in wine coolers. To keep residents warm in the cold British winter, the property also has underfloor heating and flush oak. The bathrooms in each home, are draped – if we might be permitted some liberties in using this word – in porcelain stoneware tiling, making it a peaceful sanctuary.

Residents of course may avail themselves of Holland Park itself, as well as Royal Crescent Gardens. 205 Holland Park Avenue even features a private courtyard with secure underground parking and a 24-hour concierge.

Thomas Earle HouseThomas-Earle-House-1

One of Kensington Row’s most recent property developments, Thomas Earle House is also a Berkeley Group development. With numerous boutique and specialist antique stores at the doorstep, the 83 apartments here feature luxurious amenities and access to a Harrods Estate concierge. From the pool, to the spa and sauna as well as state-of-the-art gymnasium, staying fit has never been this fancy. For entertainment, residents need not venture far as the apartments have their very own private cinema.Thomas-Earle-House-21

Even with a one-bedroom apartment, residents can be assured that their homes will be 500 square feet larger than an average London new home. Buyers can also choose between two or three bedroom apartments but the important thing to note here is the overall size advantage of the Thomas Earle House, seeing as how most properties within the capital are significantly smaller.

The Pall Mall Collection PenthousePall-Mall-Penthouse-1

With three lateral apartments and a stand-out duplex penthouse, the Pall Mall Collection is one of the newest additions to an area that has seen very few new builds over the years. The development, by Amazon Property, manages this feat because it is a former office building that is now an example of how modern design can integrate into a Georgian area. With boutiques and tailors who cater to clients who demand only the finest just doors away, the penthouse is a dream come true for any fashionista or style maven in fact, given that Jermyn Street (home of John Lobb and Turnbull & Asser) is right around the corner. For those who love their gems, New Bond Street is also just around the corner, which makes Ted Baker, Hugo Boss and Michael Kors neighbors.Pall-Mall-Penthouse-2

Measuring 2,575 square feet, the Pall Mall Collection penthouse boasts views of Buckingham Palace, Green Park and Piccadilly from the North and South facing terraces. The open plan sees the kitchen, dining and living areas blend seamlessly and makes a perfect fit for those who love to entertain. Apart from the solid oak flooring, the penthouse boasts other fine materials such as the Calacatta Michelangelo Marble that was taken from the same quarry as that used to create the Stature of David. The wet walls of the master en-suite and bathrooms as well as the kitchen use this distinctive natural stone that has varying grey veins.

Phnom Penh Property: Casa, Skylar by Meridian

Developer Meridian has two properties we are intensely curious about, Casa and Skylar. Casa by Meridian is located adjacent to the Japan Shopping Mall and Phnom Penh Canadian International School on Diamond Island. At 33 stories, featuring 512 residential units, Casa by Meridian (above) is designed to maximize Feng Shui for its residents.

Casa Meridian Clubhouse

Casa Meridian Clubhouse

The building is meant to look like a symbol of wealth due to its ancient spade coin shape, while the space between the two buildings enables positive energy from the Mekong River to flow through. Residents will have access to a skypool and sundeck outdoors, while a fitness center, butler service and library amongst other amenities will be available indoors.

Bedroom at Skylar

Bedroom at Skylar

Also developed by Meridian, Skylar in Phnom Penh (above) will feature studios, 1 and 2 bed apartments. This 280-unit condominium located in the heart of the diplomatic quarter will complete in 2018. Taking up management of the residences is Somerset, part of the Ascott Group.

Lodha Reveals First UK Residential Development

Lodha has just unveiled its first residential development in the UK, Lincoln Square. Situated in-between Covent Garden and the City of London, the 10-story Lincoln Square is, needless to say, prime real estate. Within a stone’s throw you’ll find the London School of Economics, the Royal Courts of Justice, Lincoln’s Inn and King’s College. The Lodha Group, India’s largest real estate developer by sales and one of its most famous, is looking to make a big push into London with this prestigious project.

The apartment building is a collaboration between architect PLP, designer Patricial Urquiola, famous for her Mandarin Oriental design in Barcelona and interior designer Bowler James Brindley. The private courtyard, on the other hand, will be courtesy of Gustafson Porter who designed the Diana, Princess of Wales Memorial in Hyde Park. Lee Polisano of PLP Architecture commented: “The thoughtful selection of high-quality British and Portuguese sandstone provides visual continuity to the building’s façades, each responding to the scale, form and palette of their surroundings: amongst them, the grand Victorian Gothic Royal Courts of Justice to the South, and the neo-Jacobean Land Registry building to the North.”

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Lincoln Square comprises of everything from studios all the way up to four-bedroom apartments and two penthouses. Residents will have access to a wide array of amenities including: a private cinema, 25-meter swimming pool, a private club and library, gym and a spa. Completion is set for 2018 and prices start from GBP895,000.

Visit Lodha Group for more details.

Lodha-UK-Lincoln-Square-3-BED-LIVING-02

 

Sansiri Opens Flagship 98 Wireless Property

Although some prefer the starkness of modern minimalism, at times, you just need a loft that has a bit more ornamentation and richness into which you can luxuriate yourself. For that, Sansiri has you covered. The leading Thai residential development company announced the 98 Wireless, its flagship residential project that will be located in Bangkok’s prestigious Wireless Road. This 25-story tower was designed with European Beaux-Arts influences in mind, meaning luscious curls rather than geometrical angles, resplendent marble, and an overall finish focused on traditional craftsmanship – yet still keeping the contemporary edge in mind.

98-Wireless-Condo-Grand-Staircase

When you walk into the grand reception areas and three levels of exclusive amenities, all designed by New York-based Anne Carson Interiors and styled exclusively in Ralph Lauren Home, you can already see the elegance and glamour from the walls. Hand-cut crystal chandeliers sparkle atop. Gold-leaf mirrors and hand-knotted rugs fit in to beautify the vision. Sansiri executives headed to Italy simply to select the slabs of Statuario marble, and beautifully veined Carrara and Calacatta marbles for a perfect fit. You’ll find this attention to detail seeping through everything, even the rare mahogany door panels, and solid white-oak herringbone floors from the US.

98-Wireless-Condo-jacuzzi

The world-class design team responsible for the 98 Wireless includes international architectural firm DWP and Bangkok-based landscape architecture studio T.R.O.P. (Terrain + Open Space). No expense was spared. The plot of land was acquired at a record setting price – an average of 550,000 baht ($15,400) per square meter. This adds up to 77 two-to-three bedroom residences, including two duplex penthouses and a 948 square-meter super-penthouse at the top two levels, only dubbed “The One”.

98-Wireless-Condo-enterance-lounge

To further sweeten the deal, the 98 Wireless will have the ultimate in amenities, with the first on-site Quintessentially concierge in Thailand, as well as a chauffeured Bentley at the disposal of residents. This is all on top of the high class appliances and hardware coming from top international manufacturers. Besides all that, the 98 Wireless will receive a prestigious LEED certification from the United States Green Building Council, for environmental efficiency and sustainability in design. Yes the place might be sumptuous but it is not decadent after all.

98-Wireless-Condo-business-lounge

For those who want the top class of refined luxury and design, this may be well worth a look at.

Focus: MontAzure Private Estate, Phuket

On a site which boasts a unique natural setting, MontAzure will be sensitively developed to offer unique private luxury estates, low-rise beachside condominium residences, as well as luxurious hospitality components such as a lifestyle retail centre, retirement and wellness facilities, sophisticated beachside dining and low-key entertainment venues.

The first phase of the development offers 13 expansive luxury estates, each set on generous land plots ranging from 4,900m2 (52,700 sq. ft.) to over 10,000m2 (107,600 sq. ft.) in size.

The Estates at MontAzure (Bedroom)

A trinity of design talent was engaged to craft these exceptional homes — the doyen of modern Thai architecture, Lek Bunnag, Indonesian interior design legend, Jaya Ibrahim, and Tierra Design’s Martin Palleros who also master planned the entire development. Each estate will feature a private swimming pool, complemented with a children’s pool and Jacuzzi. Residents can also relax in privacy with private outdoor bath tubs and shower areas on the master bedroom pavilions’ wide verandahs. The roofs feature decks with lawns and covered dining spaces are accessible via a private lift and buyers can customize the interiors of the villas to suit their preferences. A wide variety of indigenous and planted tropical plants and trees decorate the beautifully landscaped gardens, coupled with the breathtaking views of Kamala Bay, making the development a safe haven away from the hustle and bustle of the main tourist centres.

The Estates at MontAzure (family room)

Beyond their luxurious private estate, owners have privileged access to the beach and a range of exclusive amenities and services offered at the MontAzure Residents’ Beach Club. The wider development will also feature a range of integrated hospitality services to ensure that residents’ requests and lifestyle needs are met with efficiently.

Price: The estates range from $7.5 to $15 million. The residences range from $250,000 to $2.5 million.

The Estates at MontAzure Vertical Panorma

 

Story Credits

This article was originally published in PALACE Magazine

Review: Kuala Lumpur Sentral Residences

Sentral Residences is located within the heart of Kuala Lumpur’s Central Business District (CBD). An exclusive urban center built around Malaysia’s largest transit hub, it is one of the tallest residences in Kuala Lumpur at 55 storeys and offers connectivity and panoramic views. Five- to six-star hotels such as St Regis Hotel (scheduled to open May 2016) are within close proximity of this freehold development.Epic-Luxe-homes-interior-2

The two towers of signature suites also has five levels of basement car park. There is a total of 752 apartment units—tower A: 376 units; tower B: 376 units; Epic Luxe Homes: 48 units). Epic Luxe Homes comes in four-plus-one bedroom configurations with built-up sizes ranging from 2,949 to 4,058sf and have ceiling heights which extend up to 3.6 meters. Apartments are facing the city and lake garden. Residents are able to access a private lift lobby. There is also a multi-tier security system with residents’ card access to ensure privacy and safety of all residents.

EpicKL5944

Some amenities and features include a gym located at the Sky Club, a saltwater infinity lap pool, green feature wall along driveway, function rooms and business centres at level 45A and 45B, barbeque areas, lounging decks, putting greens and playgrounds.pooltopdeck_color_final3

Buyer Information
Property: Sentral Residences
Location: Kuala Lumpur, Malaysia
Developer: Prema Bonanza Sdn Bhd
Highlights: Facilities include pools at rooftop deck at Level 55, barbeque and party deck with outdoor kitchen, a game room, mini theatre, garden deck, putting green and playground
Price: Price from RM4.7 million ($1.11 million) onwards

Story Credits
Text by Domenica Tan

This article was originally published in PALACE Magazine

Guide: Waterfront Properties, Penang

From Hong Kong and Singapore to Malaysia’s Johor and Penang, waterfront living is fast gaining momentum as the preferred lifestyle for the well heeled. What distinguish Penang from other destinations, however, is its UNESCO World Heritage City status, colorful colonial history and reputation as the region’s foodie capital. CNN recently listed Penang’s Georgetown among the top 10 in their annual roundup of best cities to visit in 2016. Sometime back, Yahoo! Travel called it, “the top 10 islands to explore before you die.”

With just over 1.5 million people – mostly Malays, Chinese, Indians, Thais, Burmese, Eurasians and a growing number of expatriates – the pace in Penang is far more leisurely compared with Hong Kong or Singapore. Driving around the island, it is easy to figure out why folks call this the “Pearl of the Orient”.

In recent years, waterfront developments and high-rise condominiums have sprouted across Penang, especially along its coast, complementing the centuries-old colonial architecture unique to the island.

02-Penang-Waterfront

“Foreign investors and well-heeled locals seem to love waterfront developments,” says Sean Thow, a local resident and investor.

“I know of a foreign investor who sold his sea-facing condominium for RM3.5 million ($910,000) recently, pocketing a RM700,000 ($182,000) profit despite the weaker ringgit,” Thow adds.

Generations of locals on the island have reaped profits from flipping properties on the island and many are cash-rich. It is not unusual to see reasonably priced units in good locations being snapped up quickly. Some locals own not just one or two units but a whole stretch of shophouses.

While there is a slowdown in take-up for some property types, like landed, prices are generally holding steady.

“Tourism may have slowed recently due to the negative publicity about Malaysia reported by foreign media and business at the upmarket cafes and restaurants may be affected. This could dampen demand for pre-war shophouses. But general market sentiment is still positive,” Thow explains.

While landed property prices in popular hotspots around the island will continue to rise due to scarcity of land, the property landscape is seeing a change after the Second Penang Bridge was launched in March 2014.

Aerial view of Quayside Waterpark with Andaman at Quayside towers.

Aerial view of Quayside Waterpark with Andaman at Quayside towers.

The new bridge connects Seberang Perai on the mainland and Batu Kawan (an island just off the coast of Seberang Perai) with Batu Maung on the south east coast of Penang. Developers have taken a renewed interest in property development around the landing sites of the bridge, especially in the Batu Kawan area.

“To date, a major portion of Batu Kawan is still undeveloped, comprising mainly vacant lands cleared from oil palm plantations or kampung land,” according to the 2015 property report by C H Williams Talhar & Wong.

The state government has chosen Batu Kawan as the third satellite town – after Bayan Baru and Seberang Jaya – with plans to build residential, commercial, industrial and infrastructure developments. Ecoworld Group, a well-known developer, has already proposed a golf course with mixed residential development and a waterfront city overlooking Penang island. Other interesting projects coming up on Batu Kawan include a theme park, Ikano shopping mall (with anchor store Ikea), Penang Premium Outlet with an international-class hotel, technology park, college and university campuses, among others.

“For foreigners interested to invest in Penang, especially high-end residential units, now is an opportune time as the depreciating Malaysian ringgit has made the selling prices even more attractive, says Peh Seng Yee, Director at C H Williams Talhar & Wong Sdn Bhd. ”The prevailing buyers’ market would also provide prospective buyers with more choices. Penang is one of the few places around the region that offers a combination of ‘sea’, ‘hills’ and ‘city’ – where residents can live on a hill overlooking the sea with city amenities close at hand.”

The Malaysian ringgit is now at a 17-year low against the US dollar and this is possibly a pull factor for foreign investors interested in high-end quality developments at a bargain.

Astute investors will say that there are opportunities even in a slow market. Just recently, a sea-facing 9,326 sq ft penthouse at Tanjung Bungah (northern part of Penang) was put on the market at RM7.9 million ($2.05 million), way below its RM8.5 million ($2.2 million) valuation price.

Peh says buying for investment should be on a long-term basis. “Anytime would be a good time to buy for the purpose of owner occupation as long as it suits the purchaser’s lifestyle. The current ‘slow’ market actually weeds out speculators looking for short-term gains. Buying for capital appreciation on the island should be over a longer-term period as rental returns are even lower compared to similar properties in Kuala Lumpur”.

WATERFRONT PROPERTIES ON THE ISLAND 

At Seri Tanjung Pinang located at the northeastern tip of the island, a waterfront masterplan development is taking shape. 18 East at Andaman, the final tower under the Andaman series, is hailed as the only condominium project in Malaysia with a vast 4.5-acre private waterpark. Priced from RM1,000 ($260) per sq ft upwards, it offers low-density living with only 210 units ranging in size from 877 to 2,824 sq ft. The project also boasts of a 6.9-acre lush green recreational space with world-class facilities, a clubhouse and stunning views of the ocean. Hailed as a lifestyle developer, E&O is renowned for creating luxury developments that would surprise even well heeled and well-travelled investors. For 18 East, the developer engaged award-winning concept and landscape architects to create a project that would rival even five-star resorts in exotic destinations like Mauritius or Bora Bora. Estimated completion date is 2016.

Over at the south-eastern coast, Tropicana Bay Residences has sold about 80 per cent of their 1,343 units with prices starting from RM850 ($220) per sq ft. Comprising six towers of freehold condominium units located at Bayan Indah, it is almost midway between the two Penang bridges which links to the mainland. The well-known Queensbay Mall shopping center is just a stone’s throw away while the airport is just 10 km away. Tropicana Bay is just the first phase of a waterfront masterplan development called Penang WorldCity, a collaborative effort by two developers, Ivory Properties Group Berhad and Tropicana Corporation Berhad (formerly Dijaya Corporation Berhad), coming together to form Tropicana Ivory. The project is scheduled for completion in 2017.

Infinity pool at The Marin overlooking the Andaman Sea

Infinity pool at The Marin overlooking the Andaman Sea

At the northern end of the island is Angsana Teluk Bahang, fronted by one kilometer of pristine white sandy beach and flanked by forest reserves. The flagship project by Senja Aman Development Sdn Bhd is comprised of 102 hotel rooms and 170 serviced two-bedroom suites housed within three tower blocks. The Banyan Tree Group under their Angsana brand will manage the leasehold commercial property as an integrated wellness resort. Out of the 272 units, 150 two-bedroom suites are available for sale with individual strata titles. The fully-furnished suites of 950 sq ft to 1,200 sq ft are priced from RM1,950 ($507) per sq ft. The resort is set to open in early 2017.

On the island’s eastern front, just a short distance from the Penang bridge exit, a large-scale integrated waterfront mixed-use development comprising a shopping mall, residential towers, an office tower, two hotels and a convention centre, is being built. Dubbed The Light Waterfront Penang, some of the earlier phases of the residential component have been completed with subsale prices ranging from RM840,000 ($218,000) to RM1.9 million ($380,000). The Light Collection is now into phases three and four and the developer is IJM Land.

Setia V Residences in the Gurney Drive area offers upscale seafacing condominium units right in the city. The project comprises two massive towers (43 and 48 storeys) with 166 units. During its launch, unit prices for tower A was around RM2 million ($520,000) while for tower B, it was around RM3 million ($780,000). The project developed by SP Setia was clearly targeted at the well heeled and completion date is estimated to be in 2016.

The Marin at Ferringhi is built on elevated land overlooking the sea at the northern tip of the island — along the famous Batu Ferringhi stretch where most of the five-star resorts are located. Developed by Plenitude Group, the freehold condominium project comprises two towers with 149 units, some of them with seaviews and some with forest views. The unit prices range between RM1.8 and RM4 million ($468,000 and $1.04 million) with expected completion is 2018.

Tropicana Bay Residences - the residential component at Penang WorldCity

Tropicana Bay Residences – the residential component at Penang WorldCity

Island Resort is a hillside residential development by Ivory Properties, located at Batu Ferringhi. Units on offer range from villas, bungalows and highrise condominium units (named 10 Island Resort). There are 266 units within the condomiunium block with prices starting from around RM700,000.

The aptly named Hilltop Villas development is comprised of three- and four-storey bungalows located on a hill overlooking the sea at Batu Ferringhi. The villas developed by Penang-based Asia Green Group were completed in 2010 and subsale units may be availabe from RM4.5 to RM9 million ($182,000 to 2.34 million).

Another development at Batu Ferringhi is Ferringhi Residence, a residential masterplan development split into Precincts 1, 2 and 3 by Mah Sing Group. Within the development, there is a wide range of offerings from condo villas to highrise units with launch price starting from RM600 ($156) per sq ft for Precinct 1.

Story Credits

Text by Pete Wong

This article was originally published in Yacht Style Issue 34

Focus: Star Residences Two, KL

Thanks to our friends at Palace magazine, we bring you this very steep climb into Star Residences Two in Kuala Lumpur, Malaysia. The development comprises three 58-storey residential towers and five blocks of six-storey Signature Retail hub. It is a joint venture between two reputable developers—Symphony Life Bhd and United Malayan Land Bhd—also known as Alpine Return Sdn Bhd. Expected completion is estimated to be in 2019.SR_AerialView_Highres

Residential Tower 1 launched during the first phase in November 2013, offered 557 units and has sold out with buyers comprising both international and local investors. The second phase will see the launch of Residential Tower 2 with 482 units and an average built-up size of 750sqf. Residential Tower 3 will be launched towards end 2016.SR_Facade-Close-Up_Highres_withppl

The site planning takes the opportunity to place retail activities on the street edge with a grand Star Walk of Fame along the main road of the site to boost the public urban landscape experience and environment. Pockets of landscaped urban courtyards are introduced within the retail frontage to enhance commercial activities and to create new urban nodes and landmarks that link to various components of the development.SR_Type-F2-Dining_Highres

In response to the dense surrounding development, the tower blocks are well-arranged to maximize the best and unobstructed vistas from the units, whilst optimizing distance between the towers for privacy and a sense of openness for the occupants. The tower blocks are designed to be as efficient as possible and correspond to the unique triangular shape of the site. Layouts of Residential Tower 2 and 3 are angled to maximize the allowable setback and to optimize views of KLCC. The angular geometry creates a sleeker outlook and reduces the apparent massing of the tower blocks. With this strategy, there is ample air circulation through the development between the towers.bedroom-KL

The ‘Star Kinetic’ façade is a unique glittering external feature assembled together with thousands of aluminum Star logos. The result is an artistic podium façade which moves in a cloud-like wavering manner with the wind. The Star kinetic façade is an abstract and artistic representation of the star symbol—a fashionable and modern design of celebrity status to represent the project’s contemporary and trendy persona. The development borrows inspiration from the W Hotel’s DNA, with an emphasis on the interplay of color, flamboyance and youthful energy, which extends from the grand entrance to the five-star ‘hotel’ lobby. Unit sizes in Residential Tower 2 range from 707sf to 2,292sf and are fitted with a full kitchen, branded appliances and wardrobe.Palace-image

Star Residences offers 100,000sqf (approximately the size of two football fields) of facilities at H2O @ level 6 and O3 @ level 69, 88 and 99. Three sky parks open up to panoramic views of Kuala Lumpur City where residents can enjoy a range of activities, from hosting private parties to relaxing in their hydro massage pool. The three sky parks offer a five-star gourmet kitchen, sky bar, party lawn, spa pool, water therapy, steam bath, and a heated hydro massage pool.

The podium at level six houses many facilities including a 50-meter swimming pool, floating gymnasium, sports lounge, banquet room, gourmet kitchen, cabanas, and five KTV lounges. Major shopping malls nearby like the Suria KLCC, Avenue K and Ampang Park provide convenience to residents of Star Residences. Other amenities such as Royal Selangor Golf Club, KLCC Park and Titiwangsa Park are also nearby. Medical institutions such as Prince Court Medical Centre, Beverly Wilshire Medical Centre and the National Heart Institute are also within short driving distance. Star Residences is just two stops away from the KL Sentral transportation hub, which provides connectivity to KL international airport. Convenient transportation infrastructure with Light Rail Transit (LRT) and planned Mass Rapid Transit (MRT) are also nearby.

Buyer Information

Property Star Residences  Two

Location Kuala Lumpur, Malaysia

Developer Alpine Return Sdn Bhd (Collaboration between Symphony Life Bhd and UM Land Berhad)

Highlights Walking distance to KLCC; Grade A offices and banks; Interior design inspired by concept in W hotel; 100,000 sqf of common facilities

Facilities include Convenience Store, Laundry, Meeting Room, Management Office, Private Dining, Private Gourmet Kitchen, Changing Room, Hydrotherapy Shower, Barbecue Area, Hammock Garden, Outdoor Pavilion, Banquet Room, Karaoke Room, Sports Lounge, Outdoor Garden, Koi Pond, Pool Deck, Floating Cabana, jacuzzi, 50-meter Pool, Floating Gym, Yoga and Dance Room, Playground and Reading Room amongst others

Sky Park on each residential tower

Type of apartments include one bedroom, one-plus-one-bedroom, two-bedroom, dual-key, three-plus-one-bedroom and four-plus-two-bedroom

Price From RM1,369,000 (approximately US$322,500)

Contact +603 7490 2266 or [email protected]

 

Story Credits

Text by Domenica Tan

This article first appeared in Palace Magazine.

 

 

 


					
Ritz Carlton Residences Waikiki

Penthouse on Waikiki Beach lists for $25 Million

Ritz Carlton Residences Waikiki

A penthouse under construction on Waikiki Beach in the Hawaiian city of Honolulu is listing for nearly $25 million, according to Mansion Global.

Located in the Ritz-Carlton Residences Waikiki Beach, the condominium will span more than 5,100 square feet.

Ritz Carlton Residences Waikiki penthouse interior

Known as the Diamond Head penthouse, the corner unit will feature a double-height living room with nearly 19-foot floor-to-ceiling windows and views of the crater Diamond Head and the Pacific Ocean.

With four bedrooms, 5½ baths and a media room, the penthouse will include 1,600 square feet of outdoor space on the third level.

Ritz Carlton Residences Waikiki penthouse

The rooftop will have a 25-foot swimming pool, a hot tub and a lounge, as well as a dining area with an outdoor kitchen. There will also be gardens and room for a putting green. Completion is expected in late 2017.

Opus Hong Kong apartment

Hong Kong apartment fetches record $61 million

OPUS HONG KONG

A luxury apartment in Hong Kong has sold for a record HK$470 million ($61 million), making it the priciest condominium in the Chinese city and possibly in Asia.

An unidentified buyer paid the HK$75,806 ($9,773) per-square-foot price for the 6,200-square-feet (576-square-metre) unit at Opus Hong Kong designed by the Pritzker Prize-winning architect Frank Gehry in the upmarket Peak residential area.
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CitySpire Center

New York apartment listed for $100 million

Penthouse in Manhattan

An 8,000-square-foot penthouse in midtown Manhattan is on sale for $100 million, the most expensive apartment currently on the market in New York.

The apartment which sits atop the CitySpire skyscraper on West 56th Street, is described by Prudential Douglas Elliman as “the crown jewel” in the condominium.
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missoni bedroom

Missoni Designs Condos In Manila

missoni bedroom

Missoni is partnering with Filipino real estate developer Century Properties to design the interior decor and amenity spaces of a condominium building in Manila.

Missoni Home is not new to commercial real estate. It designed the Hotel Missoni line with Rezidor Hotel Group, with hotels open or opening in Scotland, Kuwait, Turkey, Omanan and Brazil.
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San Francisco penthouse

Most Expensive Penthouse in San Francisco Sold

San Francisco penthouse

A two-floor, $28 million San Francisco penthouse has made history as the most expensive condo sold in the city’s history.

The 20,000-square-foot condo features floor-to-ceiling glass windows, six bedrooms, seven full baths, four powder rooms; 2,500 square foot master suite, thirteen-seat home cinema and four terraces, four fireplaces and six car parking.

The penthouse was originally asking $70 million in 2008 by Victor MacFarlane, a real-estate developer who bought three apartment shells and combined them.
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one57

One57 to be NYC’s Tallest Residential Tower

one57

One57, the ultra-luxury condo tower that’s under construction on West 57th Street, is being billed as the tallest residential tower in New York City.

Thirteen condos in the building are listed with asking prices of $42 million or more, and two high-floor duplexes are priced at $98.5 million.

The 90-story glass tower will feature 95 residences above a Park Hyatt. Hotel amenities will be available to residents.
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