UBN Apartment

UBN Apartment (also known as UBN Tower 2) is a condominium strategically located amidst the Golden Triangle of Kuala Lumpur. It is sited along Jalan Sultan Ismail and neighbours UBN Tower, Wisma Hap Seng, Shangri-La Hotel, and Menara Taipan. The 24-storey apartment tower houses a total of 126 apartments. Being a part of the city centre, UBN Apartment is served by plenty of amenities. For instance, Suria KLCC and KLCC Park are about 7 minutes away by foot. Besides that, it is located right across the renowned Jalan P Ramlee entertainment and leisure hub, which houses Hard Rock Cafe, The Beach Club, Espanda Club, and Thai Club. Furthermore, it is about 15 minutes of walking distance from Bukit Bintang shopping enclave that comprises Pavilion, Berjaya Times Square and Sungei Wang Plaza.In addition, UBN Apartment is also suitable for family living as it is within walking distance to SJK (C) Lai Ming, SMK Convent Bukit Nanas, SMK St John, SJK (C) Nan Kai, SJI KL and SJK St John. Furthermore, it is also near to Bukit Nanas and Bukit Bintang Monorail stations.

Property Details

Name: UBN Apartment (also known as UBN Tower 2)

Address: Lorong P. Ramlee, Off Jalan Sultan Ismail, 50250 Kuala Lumpur

Developer: Shangri-La Hotels (Malaysia) (a subsidiary of Shangri-la Asia Limited)

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 24

No. of Units: 126

Land Area: about 1 acre

Built-up: 1,705 sf onwards

Subsale Price:

Rental:

Facilities

Gymnasium

Sauna

Squash court

Wading pool

Tennis court

24-hour security

Market Trends

Analysis

According to Shangri-La's financial report for the year of 2003, UBN Apartment demand has risen as its occupancy rate increased from 54% to 58% - mainly caused by a steady rise in demand for one-bedroom units from single expatriates. However, average rental rates fell slightly during the year. Not only in 2003, it also suffered in previous years because of the depressed residential property markets in the vicinity as well as new residential supplies.Just few doors away, there is a new residential development named St Mary Residences. It was launched in June 2009 at around RM800 psf. Hence, residents have to suffer dusty air and construction noise during this 3-year construction period. Even though UBN Apartment is located few hundred meters away from the Petronas Twin Towers, most residents cannot enjoy its view as it is blocked by UBN Tower. Luckily, they get to enjoy breathtaking view of Bukit Nanas Forest Reserve.