The Ritz-Carlton Residences is one of the luxury and high-cost condominiums that located in the golden triangle of KL City Centre, Kuala Lumpur. This development with an estimated gross development value (GDV) of RM2 billion is consisted of two high-rise towers (the other tower being Ritz Corporate Suites office) towering at 47-storey high. The luxury condo is developed by Wangsa Tegap Sdn Bhd, a subsidiary of Berjaya Corporation, and will be managed by Ritz-Carlton Hotel.The Ritz-Carlton Residences is built on a 1.216 ha site along Jalan Sultan Ismail, and it is situated opposite the Renaissance Hotel and beside the Concorde Hotel. The services suite will come with three levels of basement parking, one level of commercial area and facilities, six levels of parking bay podium, one level of amenities and recreation podium and 39-levels of service suites, housing 296 units.The Ritz-Carlton Residences is situated on a great location that has access the daily amenities easily, and some of them are just within the walking distance. There is a sky bridge linking the residence to the newest shopping mall Starhill Gallery, where the finest brands of shops can be found. Furthermore, if one takes another 5-minute walk, then one will get to another shopping and dining paradise in Kuala Lumpur, Bintang Walk. The iconic Petronas Twin Towers are also just within 10 minutes of walking distance from The Ritz-Carlton Residences. Additionally, there is another well-known shopping mall Suria KLCC, located along the basement of the towers. If shopping mall do not pique your interest, there are also a string of hotels, major banks, a row of embassies, schools, commercial buildings and so on surrounding this exclusive enclave. Other than being able to access amenities easily, The Ritz-Carlton Residences other highlight is its ability to access major roads and highways namely Jalan Ampang, Jalan Sultan Ismail, Jalan Dang Wangi, Lebuhraya Bertingkat Kuala Lumpur-Ampang, Federal Highway and Seremban Highway as well. Besides, it can be reachable by public transportation such as Rapid Bus, Metro Bus, Bukit Nanas Monorail, Hang Tuah LRT and taxis.
Property Details Name: The Ritz-Carlton Residences Address: Jalan Sultan Ismail, 50250 Kuala Lumpur Developer: Wangsa Tegap Sdn Bhd (a subsidiary of Berjaya Corporation) Type: Serviced Suite Tenure: Freehold No. of Blocks: 2 No. of Storey: 47 No. of Units: 296
Facilities Shopping malls Banks Restaurants Bus stations Taxi stations Transit stations Commercial buildings
AnalysisThe Ritz-Carlton Residences is actually a new project that is replacing the RM700 millions Berjaya Central Park. The development is managed by the Ritz-Carlton Hotel who is an expert in managing luxury hospitality and high-valued real estate. Hence, the developer believes in Ritz-Carlton's expertise to attract wealthy customers, especially expatriates to The Ritz-Carlton Residences. Besides being able to access the daily amenities easily, one will definitely enjoy the nightlife by living here, as it is just within few minutes walk away from Jalan P. Ramlee where there are plenty of pubs, bars and clubs gathering here.Being managed by the well-known developers are not sufficient to ensure the success of The Ritz-Carlton Residences, hence, the great location of this project is also another selling point despite of the expensive price tag. For example, some other high-end properties like The Binjai and The Troika along Jalan Binjai at KLCC are getting good responses also, even though the selling price is similar or even higher than The Ritz-Carlton Residences.