KUALA LUMPUR: Melbourne developers Kangoala Pty Ltd and Property Development Analysis Australia recently showcased their project, Queens Domain, in Kuala Lumpur last weekend. It is marketed by Knight Frank Malaysia.
“Queens Domain’s surrounding green environment of Albert Park, unbeatable views and proximity to the central business district, will ensure this project has all the criteria for a fast take-up rate by investors in Kuala Lumpur,” said Herbert Leong, associate director of Knight Frank Malaysia in a press statement recently.
The 20-storey Queens Domain sits on a 2,342 sq m tract of land and has a gross development value of A$183 million (RM532 million). It will comprise 235 apartments with one- to three-bedroom units. The built-ups are between 46.7 sq m and 104.8 sq m. Each apartment will have stone floor finishings for living and kitchen areas.
The apartments are priced between A$395,000 and A$949,000. They are expected to be completed by end-2017.
Designed by DKO Architecture in conjunction with Nexus Design, each apartment features an Italian designer kitchen and wardrobes, timber veneered front doors with internal closers, a security entry phone system and keyless entry to each unit.
Richard Drummond, director of residential project marketing, Knight Frank Melbourne, said: “The latest Knight Frank Global Cities Survey ranked Melbourne as [the city with] the best quality of life and is considered to be the “World’s Most Liveable City” for the fourth year in a row to top The Economist Intelligence Unit’s Global Liveability Index.
Residents will have access to a rooftop communal area that overlooks the park and the Melbourne Grand Prix race track. Facilities include a heated indoor swimming pool, gym, and residents’ lounge with free WiFi and kitchen services.
It is 3km from the central business district. It’s also within walking distance to a beach, shopping strip, recreational park, golf course and tram in St Kilda Road. Schools and colleges are within 1.5km from the apartments and the Melbourne International Airport is 22 minutes drive away.
According to Drummond, Melbourne is Australia’s fastest-growing region, with its increasing population fuelling demand for housing.
This article first appeared in The Edge Financial Daily, on November 21, 2014.