Ritz-Carl­ton Res­i­dences con­fi­dent of 60% take-up rate

The Sun (Malaysia) - - SPEAK UP - BY EVA YEONG

KUALA LUMPUR: Ber­jaya Corp Bhd’s (BCorp) wholly owned sub­sidiary Wangsa Te­gap Sdn Bhd, the de­vel­oper of The Ritz-Carl­ton Res­i­dences, is con­fi­dent of achiev­ing 60% take-up rate by year-end.

Speak­ing to re­porters at a me­dia brief­ing yes­ter­day, its di­rec­tor Datuk Fran­cis Ng said the take-up rate is al­ready at 30%, with half the buy­ers be­ing lo­cal buy­ers.

“Now we are con­fi­dent that the com­ple­tion is slated in the first quar­ter of 2017 and I think that see­ing is be­liev­ing so you can come and view the prop­erty,” he said.

He added that the RM2,500 per square foot (psf) sell­ing price for a branded res­i­dence is cheap com­pared with other sim­i­lar prop­er­ties in Kuala Lumpur and the re­gion.

Four Sea­sons (next to KLCC), which is un­der construction, is priced from RM3,000 psf while Ritz-Carl­ton Res­i­dences in Bangkok, which was re­cently com­pleted, is priced from US$5,500 (RM22,700) psf.

“The ring­git is so low, there’s no rea­son not to buy,” he said, adding that its tar­get mar­ket are high net worth in­di­vid­u­als.

Ng said the foreign buy­ers are from Sin­ga­pore, Hong Kong and China. The group is also meet­ing some 30 to 40 prospec­tive buy­ers in Tai­wan.

The Ritz-Carl­ton Res­i­dences takes up one of the two tow­ers at Ber­jaya Cen­tral Park, lo­cated at the junc­tion of Jalan Sul­tan Is­mail and Jalan Am­pang.

There are 288 units housed in a 48storey tower with unit sizes rang­ing from 1,023 sq ft to 4,284 sq ft. Main­te­nance fee, in­clud­ing sink­ing fund is RM1 psf.

The pro­ject is 92% com­pleted.


Ng at an ex­clu­sive re­view of the newly de­signed The Ritz Carl­ton Res­i­dences in Kuala Lumpur yes­ter­day.

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