By KEVIN WONG
Alpine Return Sdn Bhd has roped in The Ascott Ltd to manage its newly launched Ascott Star KLCC service apartments.
Alpine COO Alan Koh said the Ascott Star KLCC will have a gross development value of RM1 billion, to be developed on a four-acre (1.6ha) piece of commercial land.
The 58-storey tower will complement the success of Star Residences Tower One and Tower Two — which have a mix of residential and retail units.
“To date, Star Residences Tower One and Tower Two have successfully achieved 100% and 90% sales rates respectively. We already have strong sales enquiries from the overseas market for Ascott Star KLCC,” he said.
He added that key markets for the luxury development include China, Hong Kong, South Korea and Japan, from where Alpine has already received about a hundred enquiries.
Ascott Singapore and Malaysia regional GM Ervin Yeo said Ascott Star KLCC’s strategic location at the heart of Kuala Lumpur would be a draw for discerning business and leisure travellers.
Under the terms of agreement, Ascott would manage a minimum of 353 fully-furnished units, and provide amenities and conveniences of a hotel concierge, room service, broadband connectivity, daily housekeeping and laundry facilities.
Ascott is rapidly expanding its footprint in Malaysia. With eight existing properties and another 11 properties under development, it will have a portfolio of 19 serviced residences under three brands — Citadines, Somerset and Ascott — in Malaysia by 2023, Ervin said in Kuala Lumpur yesterday.
Ascott Star KLCC will have 471 fully-fitted service apartments with sizes from a 700 sq ft one-bedroom to 2,972 sq ft four-bedroom serviced apartments.
The majority of the units are well-priced with an average size of about 800 sq ft, coming with a starting price of RM1.6 million onwards.
The tower block will have a rooftop sky park, a 25m infinity pool, gymnasium, sky lounge, as well as a sky bar and restaurant.
Ascott Star KLCC is slated for completion by 2021 and is targeted to commence operation by July that year.