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KSK taps Kempinski for Conlay project
By SHAREN KAUR | 16 April 2014| last updated at 12:29AM
http://www.nst.com.my/business/todayspaper...roject-1.569291

KUALA LUMPUR: KSK Group Bhd will bring Europe's oldest luxury hotel outfit, Kempinski, to its RM4 billion Jalan Conlay project, here, adding another opulent accommodation to the city, said sources.

Formerly known as Kurnia Asia Bhd, the group is developing a mixed-use project on a 1.6ha site in Jalan Conlay, next to Prince Hotel & Residence.

KSK acquired the land for RM568 million from Suasana Simfoni Sdn Bhd in a deal that was completed last month.

The project will be developed by its subsidiary, KSK Land Sdn Bhd, and will feature three towers and a 200,000 sq ft retail podium.

The sources said the tallest tower is [60-storey high and will house the five-star hotel and serviced apartments, which are expected to be managed by Kempinski.

The other two blocks, standing at 50 and 55 storeys each, will comprise luxury condominiums.[/B]

According to the sources, KSK had considered either Kempinski and Nevada-based gaming and hospitality company, MGM Resorts International, to manage the hotel and serviced residences.

Kempinski is an international hotel chain founded in Berlin, Germany, in 1897.

It is majority controlled by Thailand's Crown Property Bureau, a Royal Thailand authority responsible for administering the properties of the Royal House of Thailand.

Kempinski operates around 80 historic grand hotels, city hotels, resorts and residences in 30 countries in Europe, the Middle East, Africa and Asia.

KSK Land will develop the Conlay project starting year-end. The project is slated to be completed by 2020.

"KSK Land will also launch the condominiums by year-end. No price is fixed yet, but it will surely be above RM2,500 per sq ft.

"There will be competition from Banyan Tree residences and Harrods Hotel, which are also under construction in Jalan Conlay. KSK Land, however, is bullish on property sales and is targeting 50 per cent local investors," the sources said.

The KSK group is expected to use part of the RM1.63 billion obtained from the sale of its core insurance business, Kurnia Insurans (M) Bhd, to AmG Insurance Bhd in September 2012, to fund the project's initial stage.

The group, which currently focuses on growing its two general insurance operations in Indonesia and Thailand, ventured into property development last year.

This post has been edited by accetera: Jun 1 2014, 12:44 AM

Kempinski for RM2,500psf is like the "most affordable" of its kind in the world.

There is a huge article in The Edge City & Country this weekend.

RM2,500-3,000PSF



Luxury is the freedom to be your stylish self living in the most stylish adress in whole of Malaysia. Hence, a new icon emerges in the heart of Kuala Lumpur.

Inspired by the Chinese character for the number 8, this world-class development known as "8CONLAY" will feature a 51- and 56-storey branded residences; a 60-storey tower housing 260-rooms of what could be Kempinski's first hotel in Malaysia together with 350-units of serviced residences managed by the operator; atop a 8-storey shopping mall, associated facilities and "F&B Terraces" spread across 4 levels.

According to the developer, KSK Land, in an interview feature with The Edge City & Country last week, the developer plans to sell its branded residences at an average price of RM2,500psf.

8CONLAY is expected to be pedestrian-walkable to opposite developments such as Harrods and Pavilion KL and a short walk to KLCC.

8CONLAY now seeks your registration of interest at >>> http://www.8conlay.com/

Hotel is either MGM or Kempinski.

Perhaps they would manage the Residences as well.

Flashing out in the newspapers.

Many foreign friends extremely interested this one.

Kempinski will be announced on Tuesday in an event.

Kempinski is confirmed.

http://www.nst.com.my/node/54070

Full weekend coverage.

Architect: Ar. Hud Bakar of RSP Architects

Landscape: Terrains + Open Space (TROP), Bangkok

Interior Design: Steve Leung & YOO, Hong Kong

Retail Concept: Benoy, London and Hong Kong

Hotel Operator: Kempinski Hotels, Switzerland



This post has been edited by accetera: Jan 18 2015, 09:42 PM

Received a call for private preview.

Would appreciate if you could share some details here.

I can't control much about such postings but I would advice that particular photo to be removed. Tq

I got a few Malaysian friends majority of whom are overseas working who have bought here.

I will go visit 8 CONLAY sales gallery soon. Anyone here wanna join in welcome.