Quote: I like the development because of the park – we work very late so if there’s a park nearby, we have time to exercise and it saves time – and the mall.

This guys doesn't understand that the park closes at 8 pm.

If you work very late, then the park is closed.

Malton to launch final block of Bukit Jalil City condos in September
By Lam Jian Wyn / TheEdgeProperty.com | March 1, 2016 11:57 AM MYT

Translated by Google Translator:
Select Language​▼
Malton

KUALA LUMPUR (March 1): Malton Bhd plans to launch the third and final phase of its freehold serviced apartments at Bukit Jalil City development here in September, said a spokesperson for the developer.

“The serviced apartments will be priced above the average RM855 psf set by the previous phase that was soft launched last year,” she told TheEdgeProperty.com.

The final phase will comprise two towers of luxury serviced apartments with a dedicated sky bridge to the Pavilion Bukit Jalil mall.

The number of units, built-ups and layouts have not been firmed up, but the developer will take into account factors such as the surprising popularity of larger units – including the dual-key units of the previous phases.

The previous phase, named The Park Sky Residence, had built-ups of 868 sq ft to 1,565 sq ft and its homes were priced from RM714,000 to RM1.5 million.

Buyers of the property who spoke to TheEdgeProperty.com said they bought the units due to their proximity to the 80-acre Bukit Jalil recreational park as well as the Pavilion Bukit Jalil mall.

Lim Soon Wee, a 46-year-old chief financial officer who bought a 1,100 sq ft unit, said he was intrigued with the concept of the development, which features a mall with a well-known brand and boasts lush greenery.

“I bought one because my daughter may be studying at the SJK © Lai Meng nearby. If I like it, I may even move in when I retire,” he said.

Meanwhile, a 45-year-old accountant named Lau said she and her husband bought a dual-key unit – which has the largest built-up – because they were looking for a big unit, which also allows them to host their family visiting from other states.

“I have been eyeing this area since the court case (involving joint-venture partner Ho Hup Construction Co Bhd which was settled out of court in 2012). I like the development because of the park – we work very late so if there’s a park nearby, we have time to exercise and it saves time – and the mall.

Besides the mall and serviced apartments, Bukit Jalil City also comprises 112 units of “Signature Shop Offices” and 44 units of “Park Point Shop Offices”.

from investment point of view totally not making sense.... either rental or subsales so competitive.... and the pricing for own stay... so steep.... really so many rich ppl willing to stay in a pigeon hole for the sake of malls and convenience just below you? yea.... how much confident left for the potential buyers are the main concern here.... crazy density in bukit jalil now... traffic also an issue once all the condos completed.....

my point of view , Luxury Mall in Klang Valley only this 3 : KLCC , PAVILLION, GARDEN. Maybe the upcoming Mall PAVILLION DAMANSARA HEIGHT. Must See whether they get the real luxury retail tenant or not( like prada, Gucci , LV , channel etc    

Not me bro, pity some frens stucked. Now still many units of park1 for sales, anyone interested fas go go to buy.

Huge mall front,
Large park back.
Look like the only one in Malaysia at this moment....

FM Gor,

Do you know the exact location of Tzu Chi Int School?

Where empty lot around the area? Might end up inside tpm.?

You been inside Tpm?

Guys wherever the location will be,  it still inside bukit jalil and definitely benefit bukit jalil city as Bjc not only be cbd of bukit jalil but also land mark for klang Valley south

Fast and furious 😂😂😂

Which developer project th best. I go look see look see

The highways progresss very massive and the roads looks very broad. High ceiling shoplots and all the glasses looks very grand, looks like palace, good job to malton. I notice the land is at much higher level, got atas feel

beautiful shoplot

Baris isn't it 🤔

Qatar body set to buy stake in Pavilion Bukit Jalil

KUALA LUMPUR: The Qatar Investment Authority (QIA) is set to buy a stake in a retail mall being developed by Malton Bhd in Bukit Jalil, Kuala Lumpur.

Malton said QIA has informed the group that it has obtained approval in principle from its investment committee to work towards participating in the ownership of Pavilion Bukit Jalil.

This, however, is subject to the completion of a due diligence and execution of legal definitive agreements, Malton said in a filing with Bursa Malaysia yesterday.
Advertisement

The possible entry of QIA as a shareholder of Pavilion Bukit Jalil comes after a previous effort by Malton to get Pavilion Real Estate Investment Trust (Pavilion REIT) to participate in the ownership of the mall.

Pavilion REIT had initially accepted the offer that was made last August, but on Jan 17, Malton announced that the trust has since decided not to take up a stake in the mall. No reason was offered for the about-turn.

Both Malton and Pavilion REIT are linked to property tycoon Tan Sri Desmond Lim Siew Choon, who is a substantial shareholder and chairman in both entities.

Lim owns 37.4% of Malton through Malton Corp Sdn Bhd, and 27.9% of Pavilion REIT, making him the second-largest shareholder in the REIT after QIA’s subsidiary Qatar Holding LLC, which owns a 35.74% stake.

Last July, The Edge Malaysia weekly, quoting sources, reported that the Canada Pension Plan Investment Board was in talks with Malton on the possibility of buying a stake of up to 49% in the Pavilion Bukit Jalil.

Pavilion Bukit Jalil comprises a one-block retail mall with five levels of retail space and two levels of basement parking. The mall, scheduled to open in the third quarter of 2020, will have a net lettable area of 1.8 million sq ft.

The mall is part of the wider Bukit Jalil City project, with a gross development value (GDV) of RM4 billion, which is being undertaken by Malton's wholly-owned subsidiary Pioneer Haven Sdn Bhd.

Bukit Jalil City is jointly developed by Malton and Ho Hup Construction Co Bhd, with Malton bearing the entire development cost while Ho Hup provides the land and is entitled to 18% of the estimated GDV of RM3.4 billion.

Malton’s share price gained two sen or 3.92% to 53 sen yesterday, giving it a market capitalisation of RM279.92 million.

Pavilion REIT, meanwhile, closed two sen or 1.21% higher at RM1.67, valuing the trust at RM5.07 billion.

Dude, buying stakes in the mall doesn't mean the name needs to change, please get this straight in your head..

now i just know pavilion bukit jalil its the best pavilion project on kuala lumpur...because got big investor and big management by harrods london

As a developer and investor, will obtain higher value after the mall is completed and operation. Malton corp actively looking for buyer/investor during construction stage for reasons. what could that be?

No doubt is very capital intensive and funding is supposed to secure before commencing. Are you implying the developer is running short of funds to complete?