TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Kuala Lumpur Hotel and Branded Residences Report

Category: Hotels, Posted:23 Dec 2015 | 14:48 pm

C9 Hotelworks and Horwath HTL have released a new report on the vibrant Kuala Lumpur Malaysia hotel and branded residence sectors.

Speaking about KL’s hotel residence market, C9’s Bill Barnett said “In the post-Global Financial Crisis period, demand for high- end residential in Kuala Lumpur has increased. One major catalyst for the growth has been large Malaysian property developers tapping into mixed-use hotel, branded residences and retail or other use offerings in the developments. The mixed-use approach has been triggered by financial necessity to rationalize high CBD land prices. It is expected this approach to appreciating underlying land costs will continue.

Hotel branding provides a point of differentiation and a basis for price premiums. In Kuala Lumpur, the branded residences have attracted a healthy mix of international and domestic high-end buyers. To maximize pricing, panoramic views of the Petronas Twin Towers and the
KL Tower have become significant selling points for unit aspects. The units with those preferred views are in high demand and lead the trend in sales pace. In high-rise pricing structures, price differentials on premium views or high floors typically range from 3 to 25% per unit.

The city’s luxury property sector finds strength from the increasing number of high net worth individuals from Malaysia but has seen rising demand from international markets such as Singapore, Hong Kong, and the Middle East (mainly Saudi Arabia and Qatar). Regional buyers
from Taiwan and Japan are also an emerging source market. For the domestic sector, a high number of buyers are from Sabah and Sarawak. Such buyers tend to focus
on investment in terms of both capital appreciation and rental yields. However, there remains a core upscale market segment of buyers who simply prefer large-scale units for their own residences.

Since 2013, a new wave of hotel branded/managed projects has entered into the market. However, since early this year there has been a defined market cooling off brought on by Malaysia’s economic stress related to lower oil prices, weakening currency and political events which have disrupted the broader real estate sector including luxury properties. “

To download the report click on the link below: 

http://www.c9hotelworks.com/downloads/kuala-lumpur-hotel-branded-residences-2015-12.pdf

 

 

Other News

Read more

Global Experiential Hospitality Brand Selina Debuts In Southeast Asia

Category: Hotels, Posted:12 Aug 2022 | 18:12 pm One of the fastest-growing hospitality brands in the world Selina, has opened their first Southeast Asia property in Phuket, Thailand. The 52-key Selina Serenity Rawai Phuket is a conversion of what was previously an independently managed property, and prior to that had been operated by Outrigger Hotels and Resorts. Selina’s DNA is based on local […]
Read more

BDMS To Open Medical Wellness Facility At Laguna Phuket

Category: Real estate, Posted:12 Aug 2022 | 10:27 am The Greater Cherngtalay area in Phuket is set to see a new international-standard medical and wellness facility from leading Thai group BDMS (Bangkok Dusit Medical Services). Located in the middle of the integrated resort development of Laguna Phuket at Canal Village, the offering is targeted at both a growing local and expatriate population and overseas […]
Read more

Explorar Brand Spurs Expansion With Koh Samui and Koh Pha-ngan Acquisitions

Category: Hotels, Posted:19 Jun 2022 | 09:22 am Boutique hotel group Pavilion’s experience-focused spin-off Explorar Hotels and Resorts has expanded its growing footprint by acquiring a 125-key resort in Bophut, Koh Samui, and 75-key property in Koh Pha-ngan. Both resorts were previously owned and operated under ‘The Coast’ tagline. The two will be conversions and join an upcoming resort in El Nido, Palawan. […]
SiaJai logo

Thailand's Leading Homecare Marketplace