Fairlane Residences, Bukit Bintang
I was asked by two readers to review this service apartment by the Low Yat group, so we sniffed around for news about this place. Then the other day, we were surprised to see it at the Homebuyer Expo. So after hearing the sales pitch and studying the much talked-about location, we hope our readers will benefit from our review here.
First, we have a good pal who has been associated with Low Yat for more than a decade. He enjoys good relationship with the top management there, however he had more a mouthful to say about this place. We won’t repeat most of it here, but we are inclined to agree that the location of the apartment is not to everyone’s fancy.
The apartment will be connected physically to the existing Coronade Hotel (but no through passage between the two buildings). Coronade Hotel is opposite Bukit Bintang Plaza.
The sales personnel was more than appalled at our opinion of the location. She’s got a point though, the place has it’s highlights, like Bintang Walk, JW Marriott, the monorail, BB Plaza/Lot 10/Sg.Wang Plaza/Imbi Plaza/Starhill Gallery/Berjaya Times Square. But still, it’s not the first place you think to buy a condo in the city…
So who are they targeting for this development? Obviously, investors looking to rent out their units to business travelers, international students, yuppies who prefer to stay in the area, etc. With that in mind, they have designed the place accordingly, with 34 different design (mostly variants of the same theme) and pretty small units, starting from about 500sq.ft. to about 1100sq.ft.
With this arrangement, there is a wide range of choices depending on the location and unit configuration to choose from for the interested buyer. One word of caution though, some units are facing the existing hotel, so you may have to consider how important the view is to you.
Understandably, the development is hard-pressed for space here, they have to make do with it. But they make up for it with 5-star hotel-like facilities, like a lavish boutique entrance (we’ll have to see how that turns out), skyline swimming & wading pool (we’re assuming they’re referring to the view…), housekeeping, landscaped gardens on sky terrace, fully equipped gym, and pretty much anything you’d expect in a good hotel.
Everything else is as expected – maintenance fee, limited parking, traffic problem, frequent road closures in the area, etc.
And so, finally, what’s our view of the place? OK, Bukit Bintang – love it, or hate it. If you’re an investor, and can see the rental potential there, go view it. If you’re looking to stay in this area, consider it. If you’re not, then we won’t say more.
| Project Name | Fairlane Residences | |
| Location | Bukit Bintang, Kuala Lumpur | |
| Description | Serviced Apartments on Freehold land | |
| Price | from about RM350,000 to about RM900,000 (about RM700psf.) |
|
| Unit size | 506 to 1,100sq.ft. | |
| No of units | 256 units (34 different designs) |
|
| Launch Date | currently available | |
| Expected Completion | early 2008 | |
| Developer | Hotel Fair Lane Sdn. Bhd. (subsidiary of Low Yat Group) |
|
| Contact | 603 – 2166 2877 |
RM700/- psf in BB area? For comparative purpose, how much is those condo’s at the back of Jalan Alor right now.
Comment by soowm — August 24, 2005 @ 4:24 am
we haven’t any info on that… yet. Anyone can help?
Comment by Administrator — August 24, 2005 @ 8:18 am
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Comment by testanchor191 — October 16, 2005 @ 1:09 am
erm… almost the same price as the service suites at berjaya times square. heard tat they are relaunching the balance unsold units. go n have a look at it!
Comment by chris — December 8, 2005 @ 4:22 pm
Any comments on Rivercity launched by Lpw Yat?
Comment by takayoto — January 8, 2006 @ 12:04 am
I can’t find any review regarding Rivercity by Low Yat. Can you make one?
Comment by pearlwhite — May 16, 2006 @ 11:41 pm
Can you pls review Rivercity development?
Comment by belanda — August 11, 2006 @ 2:36 am
Sorry, no review for rivercity. we’re only concentrating on new projects now.
Comment by Administrator — August 11, 2006 @ 9:13 am
Myhabitat is offering 30% more sqft per RM compared to Fiarlane. Given the above, which is the better buy (given location, view & rental potential)? I need your opinion.
Thanks.
Comment by Ahmed — May 23, 2007 @ 4:11 pm
anyone knows how much the prices are in the area or for Fairlane now please?
Comment by fairlane buyer — July 12, 2008 @ 1:13 pm
I have a unit on the 9th floor of the north wing. It is 826 Sf with 2 bedroom and fully furnished. I am looking to sell for RM$1.43M. ONly pricipal ONLY.
Comment by Alvin Teh — September 1, 2008 @ 12:16 pm
I have a 581 sq feet unit at south wing, level 11. for RM1 mil.
Comment by au — November 7, 2008 @ 7:29 pm
if the owner of fairlane can find buyer who willing to pay around RM650psf better consider with now the economy situation.
Comment by gigi — December 3, 2008 @ 6:32 pm
any owner will be crazy to sell at that price. i’ll say RM 1200 would be minimum. besides fairlane is in a great position with very good potential rental return, so why sell anyway.
Comment by long term investor — December 6, 2008 @ 1:36 pm
I too have a unit there. Which is better value for money? Casa Mutiara or Fairlane?
Comment by Rani — December 19, 2008 @ 11:48 am
I also have a one-bedroom unit at Fairlane. I intend to keep and lease out. And perhaps sell when the economy improves in afew years’ time. How much do you think rentals can fetch monthly?
Comment by john — January 4, 2009 @ 10:40 pm
i agreed with John strategy to keep it and lease it out for rental return… judging from the current global economic outlook and current market trend in KLCC area, Selling price of RM1200 psf would be slighty higher for a property like Fairline Residences. You may check with valuer of the current value of Fairlane if. I bet you wont get value of exceeding RM1000 psf.. Hence the wise way is still lease it out for rental return.. many new projects are selling below RM1000 also currently, including a six star service apartment project in Embassy row… just to share my thought with you guys.. i got no vested interest in the property or the developer.
Comment by property watcher — February 1, 2009 @ 3:54 pm