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Property Insights & Reviews : The Avare

The Avare

3 for Sale

1 for Rent

Freehold

F/H
The Avare is a super luxurious condominium offering 6-star living style in the heart of Kuala Lumpur City Centre (KLCC). It is a joint-venture project between TM Facilities a Telekom Malaysia's wholly owned subsidiary) with Magna Prima. Elegantly designed with only two units per floor forming a butterfly shape, The Avare is also the first condominium in Malaysia having glass curtain walls with stainless sunshades and trims. These features allow its residents to enjoy a 180° of panoramic city view from each of its unit, and even 360° view of the iconic Petronas Twin Towers, the Royal Selangor Golf Club, and the city skyline if they buy two units on the same floor.Originally priced by the developer at RM3.1 mil to RM8 mil, The Avare was obviously targeted for wealthy buyers. However, despite of the high selling prices, more than half (or 45 units) were sold during its soft-launched in May 2005 alone, including the two penthouses that come with private pools. All units were subsequently sold out in October 2007, far before its then estimated completion date in 2009. The buyers were mostly foreigners, including Singaporeans, Hong Kongers, Indonesians and Americans, while Malaysians made up about 40 per cent of the buyers.

Property Details

  • Name: The Avare
  • Address: Lorong Kuda, Off Jalan Tun Razak, Kuala Lumpur
  • Developer: Embassy Court (a subsidiary of Magna Prima JV with TM Bhd)
  • Completion Date: 2009
  • Type: Condominium
  • Tenure: Freehold
  • No. of Blocks: 2
  • No. of Storey: 41
  • No. of Units: 78 (only 2 units per floor)
  • Built-up: 3,800 - 7,600 sf
  • Maintenance Fee: RM0.50 psf
  • Launch Price: RM3.1 - RM8 mil
  • Subsale Price:
  • Rental:
  • Layouts

  • Standard (3,800 sf)
  • Super Deluxe (7,600 sf)
  • Duplex Penthouse (7,600 sf including swimming pool) (2-level)
  • Facilities

  • 3 covered car park spaces for a unit
  • Broadband access
  • State-of-the-art security systems
  • Central chilled water air-conditioning
  • Four lifts dedicated to serve the two units on each floor
  • Fully equipped social kitchen
  • 24-hour concierge
  • Residential butler
  • Secretarial services
  • Residents' lounge and gym
  • Deluxe outdoor pool
  • Personal limousine service
  • Market Trends




    Latest transaction in The Avare, KLCC

    SPA Date Address Size Price
    04/12/2016 Lorong Kuda 3767 ft2 2950000
    02/12/2016 Lorong Kuda 3767 ft2 2800000
    12/04/2016 Lorong Kuda 3767 ft2 2950000
    26/02/2016 Lorong Kuda 3767 ft2 3800000
    18/02/2016 Lorong Kuda 3767 ft2 3000000

    Analysis

    Standing on the Lorong Kuda, off Jalan Tun Razak, The Avare puts you right in the center of Kuala Lumpur's world class facilities and amenities. Residents with families will find the location very convenient as clinics, hospital, international schools, supermarkets, malls, banks together with entertainment and leisure spots are reachable within a few minutes by car, and some even by foot. However, since the area also features a lot of office buildings and hotels, traffic congestion are usually quite bad during office hours. With only two units per floor, The Avare offers exclusivity and privacy to its residents. Each of its typical units (3,800 sf) has four bedrooms with en-suite bathrooms, maid quarters which is smartly connected to a discreet service entrance, a social kitchen, and a wet kitchen for Asian cooking. How is that for versatility? The Avare has two special units of super deluxe (7,600 sf) which are specially designed to occupy the entire level 16 and 38. There are two duplex penthouses (7,600 sf each) on level 40, occupying the top two floors of the building. The residents of these duplexes are able to enjoy the luxury of their very own garden and swimming pool.In terms of architectural design, The Avare is definitely one of the most stylish and modern residential constructions within the KLCC area. The building has even won the CNBC Asia Pacific Award in the year 2008 for the category of Best High-Rise Development. However, as the building is fully clad by glass curtain, some people find the design too "clean" for a condominium and have a more "office-tower" look rather than a residential look.Currently, The Avare's subsale prices are ranged between RM3.9 mil up to RM11.9 mil. Although the prices may seems far above the grounds (and keep going up), the developer confidently said that The Avare does promise good value for money. With rental values that could go as high as RM18,000 per month, it is estimated that one unit could fetch a 7% rental return per annum, and even 8% to 9% for a semi-furnished unit. Furthermore, its lavish 6-star-living facilities including residential butler and personal limousine service, make the prices seem reasonable for its class. Platinum Park, located next to The Avare, is one of the developments currently under construction in the area. Upon completion, this integrated development will bring more value to the neighborhood. The entire development of this "Ultimate Address" will comprise of office towers, shopping malls, and luxury condominiums. It has a gross development value (GDV) of RM3.5 billion in total.Nevertheless, The Avare might not be a wise investment option considering its extremely large built-ups and high prices which already exceeds RM3 mil, except for the wealthy few with very strong holding powers. Not many people would be able to afford subsale prices of RM4 mil and above, and not many people would be willing to pay rental expenses for high above RM10,000 per month. However, for own-stay, The Avare would definitely be one of the few perfect condominiums in Kuala Lumpur.
    The Avare 位于KLCC心脏地带,属于酒店式经营的超级豪华公寓,为住客提供六星级的时尚生活。每一层只有2个单位,优雅的设计让整栋公寓看来像蝴蝶形状。The Avare 也大马首个采用玻璃幕墙加钢筋而建的公寓大楼,这个特点可让住户180度环视首都的美丽景色。甚至360°视角的标志性 Petronas Twin Towers,皇家雪兰莪高尔夫俱乐部,如果他们买两个单位在同一层楼的城市天际线。每单位的推售价介于RM3.1 mil至RM8 mil,The Avare摆明只卖给富豪。虽然价格昂贵,当初於2005年5月非正式推出时,已经有超过一半(45个单位)被认购,包括拥有私家泳池的2个阁楼单位。楼盘的所有单位於2007年10月全数售罄,远远超前2009年的竣工日期,买家大部分是外国人,包括来自新加坡、香港、印尼和美国人,大马买家大约占四成。

    产业资讯一览

  • 名称: The Avare
  • 地址: Lorong Kuda, Off Jalan Tun Razak, Kuala Lumpur
  • 发展商: Embassy Court(Magna Prima子公司与TM Bhd联营)
  • 竣工日期: 2009年
  • 类型: 公寓
  • 产权: 永久地契
  • 建筑物: 2栋
  • 层数: 41层
  • 单位数目: 78(每层仅2单位)
  • 实用面积: 3,800 - 7,600 sf
  • 管理费: RM0.50/psf
  • 推售价: RM3.1 - RM8 mil
  • 转售价: RM2,600,000-RM6,500,000
  • 租金: RM7,300-RM28,000
  • 公寓户型

  • 标准型 (3,800 sf)
  • 超级豪华 (7,600 sf)
  • 复式阁楼 (7,600 sf,包括泳池)
  • 设施

  • 每单位配有3停车位
  • 宽频上网
  • 先进保安系统
  • 中央冷气系统
  • 4台升降机
  • 配套齐全的厨房
  • 24小时礼宾服务
  • 住在管家
  • 秘书处
  • 住客贵宾室和健身室
  • 豪华户外泳池
  • 租车服务
  • Market Trends




    Latest transaction in The Avare, KLCC

    SPA Date Address Size Price
    04/12/2016 Lorong Kuda 3767 ft2 2950000
    02/12/2016 Lorong Kuda 3767 ft2 2800000
    12/04/2016 Lorong Kuda 3767 ft2 2950000
    26/02/2016 Lorong Kuda 3767 ft2 3800000
    18/02/2016 Lorong Kuda 3767 ft2 3000000

    分析

    站在The Avare的寓址,这是全国最繁盛的地方,也是首都的心脏位置,所有最好的公共或生活设施都在这里。住户将发现,入住这所六星级的寓所,生活会变得非常美好与方便,无论是国际学校、诊所、医院、超市、银行等等,只需短距离车程,甚至走路也可以到达。The Avare(KLCC )每层只有2个单位,让住客感受那份尊贵和隐私。标准型单位(3,800)带有4间附有浴室的套房。超级豪华单位(7,600平方尺)则设在16楼至38楼,另外,阁楼单位设在40楼,入住阁楼复式单位的住户可享有私家泳池和花园。The Avare优美时尚的建筑设计,曾於2008年赢得CNBC亚太区最佳高层建筑奖项。其市价较后一路攀升,介于RM3.9 mil至RM11.9 mil。虽然价格还不断上升,惟发展商强调这座公寓仍然物有所值,其租金可升至每月RM18,000,大概是一年7%回酬。其毗邻的Platinum Park是一个综合建设项目,相信对The Avare带来加分作用,该区的产业涵盖豪华公寓、办公大楼、购物商场,预料发展总值达RM3.5 billion。除非你是富豪或具有很强的持盘能力,否则The Avare并非好的投资选择,因为RM4 mil以上的转手价,不是人人负担得起;而且RM10,000以上的每月租金,也不是大众市场的口味。当然,有能力买来自住,这肯定是吉隆坡一所完美的公寓。

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