/// Hot Topic
Top 5 Most Expensive New Condominiums
in Kuala Lumpur
/// HOT TOPIC
of the world’s most fantastically
expensive condos. Or at the very
least own a few of these, so others
can pay them a huge sum of rent to
stay in these condos.
In an area known to be home to
the affluent community, Arata
is an exclusive development
that promises privacy, attractive
facilities and a deluxe lifestyle.
Here are some of the new
developments available in Kuala
Lumpur that might just scare you off
your chair.
Tenure: Freehold
Built up: 1,894 sf – 2,400 sq. ft.
Listing price: From RM2,387,000
– RM2,848,000
Expected completion date: Dec
2013
Developer: Tijani (Bukit Tunku)
Sdn Bhd
5. THE MEWS, KLCC,
KUALA LUMPUR – FROM
RM1,600,000
The Mews is an exclusive
condominium located along Jalan
Yap Kwan Seng in Kuala Lumpur.
It offers an abode amidst the
city centre but with a natureinspired design and a sustainable
environment.
Tenure: Freehold
Listing price: From RM1,600,000
– RM4,700,000
Expected completion date: 2H
2017
Developers: Eastern & Oriental
Berhad (E&O) and Mitsui Fudosan
Residential Co. Ltd
Artist’s impression of The Mews, KLCC, Kuala Lumpur by Eastern and Oriental
Berhad
The public outcry for the
government to step in to reduce the
property prices, especially in urban
areas, such as Klang Valley has led
to the hike in real property gains
tax (RPGT) and the removal of the
developer interest bearing scheme
(DIBS) recently.
However, will these measures
sufficiently discourage the affluent
from continuing their real estate
buying spree? This phenomenon
driven by affluent investors is not
just unique to Malaysia but also has
caused massive sales in other cities,
such as London, Singapore and
Hong Kong, garnering worldwide
attention.
According to the annual World Cities
100
www.PropertyHunter.com.my
Review report by Savills, a global real
estate firm, major cities’ super luxury
housing markets, referred to as
‘billionaire markets’, have grown at
a much faster clip than mainstream
markets of the same cities.
The largest value increases have
been clocked in China and Asia,
tha