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