MALAYSIA - Kuala Lumpur and Malacca have been gaining popularity among some real-estate investors.
Those looking to go beyond Singapore will find luxurious facilities built exclusively for residents' enjoyment in both cities.
Kuala Lumpur's upcoming Mass Rapid Transit lines - with the first line, from Sungai Buloh to Kajang, expected to be completed next year - and a high-speed railway that will connect the Malaysian capital to Singapore make Kuala Lumpur particularly attractive, an S P Setia International spokesman said.
He told My Paper: "There is a lot of potential for estate prices in Kuala Lumpur to go up, due to the upcoming infrastructural improvements."
Malacca, a Unesco heritage city that saw more than 12 million tourist arrivals last year, has seen an increase in residential property prices from RM250 (S$100) psf in 2009 to RM950 psf last year.
Considering investing? Here are two developments to look out for.
SETIA SKY RESIDENCES
BY S P SETIA
This luxury condominium in Kuala Lumpur comprises four 40-storey towers featuring 120,000 sq ft of facilities.
The facilities are divided into two sections, the Sky Deck on the fifth floor and the Sky Club on the 34th floor.
The Sky Deck is a family recreation area with a 50m pool, jacuzzi, barbecue terrace, table-tennis section and playground.
The Sky Club is to die for, with an infinity pool, cigar lounge, billiard room, wine cellar, sauna room and yoga room, as well as awe-inspiring views of the city.
Non-A1 type units have a view of the city skyline, and non-studio units feature individual lift lobbies.
The development is located just 1km from Kuala Lumpur City Centre, and is close to the National Library, Taman Tasik Titiwangsa recreational park, Titiwangsa Sports Complex, Royal Selangor Golf Club, National Art Gallery and Istana Budaya theatre.
It is also near the National Heart Institute and Kuala Lumpur General Hospital.
Location: Kuala Lumpur, off Jalan Tun Razak
Number of units: 291
Indicative price: About RM1,100 psf
TOP: Fourth quarter of 2016 (estimated)
IMPERIO @ HATTEN CITY
BY HATTEN GROUP
This integrated development in Malacca is a fusion between a mall and residences, with the mall occupying the lower levels and housing units on the upper levels.
There will be seven levels of retail space dedicated to local and international fashion brands.
The Imperio Mall will feature a 150m air-conditioned link bridge to the existing Elements Mall next door, giving residents and shoppers a seamless shopping experience.
An amphitheatre will be located at the centre of the link bridge, where there will be art and cultural performances for shoppers' and residents' enjoyment.
The Imperio Residence on the higher floors will feature cascading U-shaped towers with state-of-the-art facilities.
It will boast an athletics club and spa, with a variety of fitness, sporting and recreational amenities.
Fitness enthusiasts can enjoy a sky gym with gorgeous views overlooking the infinity pool, which fronts the sea on one end and the city on the other.
Other facilities include a family jacuzzi, modern workout stations along a stepped jogging path, soothing hydro-massage tubs, a yoga deck and therapeutic reflexology path.
Joggers running up the 20-storey cascading rooftop terrace can enjoy panoramic views from the 360-degree viewing deck on the 33rd floor.
The 33-storey Imperio Mall and Residence will lie within the historic city's commercial area, Melaka Raya, and is just minutes from famous Unesco heritage sites.
Number of units: 1,030 (residential)
Indicative price: About RM680 psf
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