BANYAN TREE SIGNATURES | Kuala Lumpur ( Jalan Conlay ) | 55F | U/C

[archilover]

update on construction site

[Bruno Mars]

BANYAN NYAN NYAN NYAN NYAN NYAN

[UjaiDidida]

Originally Posted by archilover

update on construction site

where did u took that photo from?

Originally Posted by Bruno Mars

BANYAN NYAN NYAN NYAN NYAN NYAN

[davidwsk]

--

[archilover]

is it banyan tree site?i thought the one at the left of prince hotel

[davidwsk]

Yup on the left side of Pirnce Hotel..

[archilover]

Originally Posted by UjaiDidida

where did u took that photo from?

those picture are from pavilion kl walkways

[archilover]

image hosted on flickr

20120426_130025 by atifnadzir, on Flickr

[archilover]

site progress,still slow
image hosted on flickr

20120520_182302 by archilover89, on Flickr

[archilover]

the progress quite slow
image hosted on flickr

20120623_162951 by atifnadzir, on Flickr

[archilover]

progress update
image hosted on flickr

20120718_155726 by atifnadzir, on Flickr

[dengilo]

That looks like a 2 level basement!May be too much trouble digging up the old foundation of Wisma MISC.

[THT-United]

That site looks smaller than I expected... So it is obvious that Banyan Tree will be a slim and tall building, when completed... Nice!

[ILM]

A bit too slow compared to fast projects like IB Tower, hope they can speed up with this sexy building and hotel!

[daniu79]

That ugly building behind the construction site has to be removed!

[D_Y2k.2^]

Taken today:

[patchay]

Originally Posted by davidwsk

KL’s most desirable address
By JOHN LOH | The Star BizWeek | Saturday September 8, 2012

Two things came as a surprise to the marketing consultant behind what will be the world's first Banyan Tree Signatures in Kuala Lumpur how quickly it was sold out, and more astoundingly, that most of its customers were Malaysians.

“As you know, Malaysians are currently not a condo-buying group, especially when the price is high, and they usually prefer landed property,” remarks Tracey Lai, the marketing director of 1 Pavilion Property Consultancy Sdn Bhd, which handles sales and marketing for the RM1.4bil high-rise due to be completed in 2015.

Sandwiched between the Prince Hotel and Residence and Hakka Restaurant on Jalan Conlay opposite Pavilion KL, which some may remember as the site of the former Wisma MISC, Banyan Tree Signatures is well on its way to becoming the “most desirable address” in the capital, if its selling price and speed are any indication.



Couture living

The next item on Lai's agenda is the Pavilion Couture Suites, the last piece of the puzzle for Pavilion KL.

Situated on the corner between Chulan Square and the Westin hotel, the suites will be built exactly above the mall's retail floor, on which the street-fronting stores of Herms, Chopard, Versace and the rest currently stand.

“The interesting thing is we have been getting enquiries even though there isn't much information about it,” Lai says of the serviced residences, whose preview was on Thursday.

The suites, 175 of them, will feature sizes ranging from 686 sq ft to 2,206 sq ft, with some 70% of them smaller than 1,000 sq ft, Lai points out.

“We haven't determined the pricing yet, but it should be within RM2,500 to RM3,000 per sq ft,” she says, explaining that this was originally intended to form Pavilion's hotel component, but those plans were shelved in favour of the demand for private residences.

But with so many developments descending on the Bukit Bintang-KLCC stretch, most recently the proposal to build the Harrods Hotel right between Pavilion and Banyan Tree Signatures, is there cause for concern?

“A prime location is where everything comes together. You can't have your own brand standing alone without the support of other brands. A consumer wants choice,” Lai retorts.

“When you see many world-renowned brands converging in one place, it is a good sign, it means we have the potential to grow.”

Besides, she contends, the sheer force of big-ticket projects such as the RM26bil Tun Razak Exchange a few blocks away would only serve to enhance the appeal of the surrounding real estate.

Buying local

One thing Lai feels strongly about is how Malaysians sell themselves short when it comes to the local property market.

“If you compare us to other global cities, we are at the low end. I just returned from Singapore and you're talking about S$3,000, S$5,000 and S$7,000 per sq ft in the central business district (CBD),” she quips.

“Even in KLCC, we have been stagnant for a long time. We haven't moved from when we were hit by the financial crisis in 2008. My personal view is that the our CBD is very underpriced.

“We hit the RM2,000 per sq ft level years ago and nobody has dared to push beyond RM3,000. Our banks got a little worried as well about our prices.”

The problem, she adds, is that buyers tend to put their money elsewhere without thinking everything through.

“In my experience, a lot of our customers are Malaysian, yet they return here to purchase real estate.

“At the end of the day, we all want to come home. And you don't want to be stuck with a property that is 14 hours away and that will cost you a lot of money to manage.”

As someone who interacts regularly with investors, Lai has seen how foreign property purchases can backfire.

“A client of mine had her Melbourne apartment in the CBD revalued downwards by 10% at the point of completion. And when she decides to sell, it must be to an Australian.

“Malaysians can be so fearful that we're paying too much for our own properties so they go overseas and pay a lot of money for properties whose returns are 2% or 3% net.

“To be fair, a lot of people have made their money investing overseas. But the common belief that you can save on rental when your children study abroad by buying a foreign home is difficult unless you have currency gains and your returns are really good.

“You can do the same thing here for less risk.”

On her pick for the best locations to invest in, Lai says prime properties are ever reliable. “Good prime property will always have ready buyers, and they are the first to bounce back.”

More: http://thestar.com.my/news/story.asp.../11988188&sec=

[davidwsk]

29-9-2012

image hosted on flickr


Nadine TA. on Flickr

[daniu79]

The construction site on the right of Prince Hotel is not Banyan Tree.
Banyan Tree in this picture is that tiny plot we see on the bottom left of Prince

[davidwsk]

Originally Posted by daniu79

The construction site on the right of Prince Hotel is not Banyan Tree.
Banyan Tree in this picture is that tiny plot we see on the bottom left of Prince

Left --> Banyan Tree

Right Simfoni -->
http://www.skyscrapercity.com/showth...8#post95971038

Front --> Harrods