Units of the the much anticipated Pavilion Residences Tower 1 have now gone on sale. The launch follows the sale of all units for Tower 2, which was completed three years ago. Tower 1 comprises 43 storeys of 163 units with 2 bedrooms to duplexes, ranging from 1,234 sq ft to 7,174 sq ft.
Altogether Pavilion Residences comprises 368 completed units in two towers of 50- and 43-storeys each. They sit atop the seven-storey Pavilion Kuala Lumpur shopping mall, which is part of a world-class 12-acre integrated development that includes a 19-storey signature office tower and a 200-room luxury hotel, Raffles Kuala Lumpur.
Pavilion Kuala Lumpur has been awarded the prestigious FIABCI Prix d’Exellence Award 2009 for retail, and includes the shops of some of the world’s best-known brands. There are more than 400 retail destinations with some 1.3 million sq ft. of net lettable space.
“Pavilion Residences is centrally located in Kuala Lumpur’s entertainment and shopping district, next to the Central Business District, the iconic Petronas Twin Towers, and the Royal Selangor Golf Course. The residential units are integrated into a larger development with world-class architectural designs. These factors will give the asset a strong intrinsic value” said Ng Kok Siong, executive vice-president of Pacific Star, the Asset Manager for Pavilion Residences.
Eddy Wong, head of Residential Department at DTZ Nawawi Tie Leung, the exclusive marketing agent for the sale of Tower 1, said property buyers had been active in Southeast Asian markets as economic indicators improved and stock markets recovered. “The rebound in volume is evident in primary sales of residential apartments. Increases in residential sales are increasingly observed in Kuala Lumpur.”
Pavilion Residences Tower 2, which was marketed when the development was still under construction, was sold to buyers from 25 nations, underscoring the broad international appeal of the development. Construction of the Residences is now complete and interested parties will have the luxury of inspecting the actual units before confirming their purchase.
Source: Asia Property Report - August 26 - News
