Our Property Pick of the Month: The Luxe by Infinitum
As it turns out, there are still buying opportunities in the heart of the city.
Why we chose it
A brainchild of two renowned Singaporean developers, Macly Group and Roxy-Pacific Holding Limited, The Luxe by Infinitum is a freehold mixed development that’s located along Jalan Sultan Sulaiman. As the development sits right in the heart of the action, it serves the need of specific buyer groups: Those who love the upbeat city lifestyle and those who work in the vicinity.
Those who live here will have easy access to fantastic amenities, lavish facilities and major retail areas (within 5 km radius) such as Lot 10, Pavilion, Fahrrenheit 88, Starhill Gallery, Quill City Mall, KLCC, Kuala Lumpur City Centre (KLCC), Bukit Bintang Shopping District as well as Prestigious schools and universities via a well-integrated public transportation service.
What makes it unique
The Luxe is one of the few dual key developments around. It makes for excellent investment as you have the option of renting these two dwellings separately and receiving two rental incomes from one asset or living on one side, and renting out the other. It is also perfect for those running a small-scale business, as one asset can be used as an office so there is no need to rent a separate office space and eliminates the need to travel.
What makes it even better is that it offers more than one combination of unit type within 43-storey tower. The Luxe boasts dual key units from 1-bedroom, 2-bedroom, 3-bedroom, loft and duplex units with sizes ranging from 675 sf – 1180 sf. While not all the 723 residential units offered here come fully furnished, the developer is currently offering furnishing packages that that give you more bang for your buck.
What does it offer
There are three 3 things offered by The Luxe that gives it a competitive advantage despite stiff competition in the area:
1. Excellent investment opportunity
At an average of cost of RM1300 psf, The Luxe’s price point is affordable compared to other properties in the surrounding area. Investors who are looking for an investment prospect can expect to earn an estimated 8%-10% rental yield per annum, higher than the average 4% the current market offers.
On top of that, the unique dual-key designer suites offer the appealing prospects of maximising rental returns by generating double income/revenue for owners. Each unit comes with one allocated car park and 3-tier security with card access to dedicated floors.
2. Easy Ownership Scheme
To encourage buyers, the developer created an Easy Ownership Scheme that offers attractive price discounts/rebate and down payment as low as 2%. *T&C apply
3. Fully furnished units
Although offering fully furnished property isn’t a new industry trend, often the furnishing provided are of subpar quality. At The Luxe, providing quality furnishing is a top priority. Every unit at the Luxe is fitted with an array of top notch furnishing and quality fittings such as built-in kitchen cabinets with electrical Hob and Hood, built-in wardrobes for all bedrooms, as well as essential electrical appliances such as fridges, washing machines and built-in microwave ovens.
Other types of furnishing include: Kitchen island, dining table, decorative plaster ceiling, TV panelled feature wall, media console table, LED TV 42″, hand tufted carpet rug, curtains (day & night), 3-seater sofa, coffee table & artwork painting.
4. A comprehensive range of facilities spread over two floors
When it comes to creating a comprehensive and livable environment, the developer put a lot of thoughts into creating a self-contained, fulfilling home for its residents by including an impressive range of recreational facilities such as swimming pool, sauna & steam room, gym, children playground, outdoor dining / BBQ area, KTV room, wet deck, Jacuzzi and many more.
How do we get around
While having a dual key feature and being strategically located right next to the to the Golden Triangle gives The Luxe big investment advantages, what takes the crown is The Luxe’s proximity to the Quill City Mall, which is connected to Medan Tuanku Monotrail Station. Potential buyers can enjoy having quick access to the best of Kuala Lumpur’ amenities through public transportation such as the monorail and LRT.
All you have to do is walk over to Quill City Mall which is located less than a minute walk away from The Luxe and the Medan Tuanku Monorail station can be accessed via a connection bridge on the second floor of the mall. This monorail station allows for unparalleled accessibility to other transportation networks such as the Sultan Ismail LRT station (about 580 meters away) via a pedestrian bridge as well as the MRT.
Not a fan of trains? Not to worry. There are tons of other transportation choices available for grabs such as public busses, taxis as well as Grab cars.
In case of emergencies, you don’t have to worry about having to travel far for medical attention as there are as there is a total of 5 government and private hospitals in the surrounding area such as General Hospital KL, National Heart Institute (IJN), KPJ Tawakkal Specialist, Pusrawi Hospital and Prince Court Medical Centre.
As for educational institutions, Open University Malaysia, Asia School of Business, Universiti Kuala Lumpur, International Modern Arabic School (IMAS), SJK (C) Chung Kwok, and Universiti Malaya Kampus Kota are also within proximity.
What we can look forward to
There are various government initiatives introduced this year as part of their effort to improve affordability and encourage home ownership you should take advantage of:
#1 As part of the public-private Home Ownership Campaign (HOC) 2019, property developers have agreed to offer at least a 10% discount on all unsold properties until end of June 2019.
#2 Residential units priced between RM300,000 and RM1 million will be exempted from stamp duties
Those who have been fiddling with the idea of purchasing a home, this could be a chance to own a property in the heart of KL.
What we should take note of
Since the development sits in one of the most bustling part of the city, traffic congestion cannot be discounted for. However, this can be easily remedied by taking full advantage the city’s and the development’s terrific public transportation connectivity.
To find out more about buying opportunities visit The Luxe by Infinitum’s website or call 03-26023318. Alternatively, visit their sales gallery to personally experience the life at The Luxe by Infinitum.