i-City (Shah Alam), 14 March 2016 – Dato’ Seri Najib Tun Razak, the Prime Minister of Malaysia, launched the 8Kia Peng@KLCC King of the Hill yesterday, the high-end luxurious development by I-Berhad in the central business district (CBD) vicinity of the Kuala Lumpur City Centre (KLCC).
Dubbed “King of the Hill”, the project is intended to cement I-Berhad’s position as one of Malaysia’s leading high-rise developers following its successful transformation of the 72-acre i-City project in the Capital City of Selangor into an easily accessible Ultrapolis consisting of a vibrant Leisure Park surrounded by a combo of residential and commercial components.
In his address, the Prime Minister commended I-Berhad for its proactive role in pursuing the development of Greater Kuala Lumpur/ Klang Valley – one of the 12 National Key Economic Areas (NKEA) strategies under the Government’s Economic Transformation Programme – as evident in the robustness of the i-City development which today boasts a gross development value (GDV) of RM9 billion.
With regard to the Government’s aspirations to transform the Federal capital – encompassing both the inner and outer Kuala Lumpur – into one of the top global cities in the world, YAB Dato’ Sri Haji Mohammad Najib bin Tun Haji Abdul Razak said a number of initiatives have been lined up to attract global companies to invest in Kuala Lumpur as well as to improve the public transportation and other infrastructure within the Greater KL area.
“I am pleased to note that the various Entry Point Projects under the Greater KL programme have become catalysts in motivating the private sector to contribute to the economic growth of the nation,” the Prime Minister pointed out in his launching address. “The development by I-Berhad of i-City in the Capital City of Selangor and now the 8Kia Peng @KLCC King of the Hill in Kia Peng are good examples of what I mean.”
In his welcoming address, I-Berhad’s Deputy Chairman Dato’ Eu Hong Chew noted that the progress of I-Berhad as a public listed company has been inspired by two of the NKEA’s initiatives, namely Tourism and Greater KL/Klang Valley.
“Given the Government’s track record, we want to position ourselves in those areas and industries that are actively promoted by the Government,” explained Dato’ Eu Hong Chew.
He added: “Our decision to undertake the development of the King of the Hill project in the centre of Kuala Lumpur is influenced very much by the various public infrastructure projects undertaken by YAB Dato’ Sri Haji Mohammad Najib bin Tun Haji Abdul Razak’s administration to propel Malaysia’s capital city into the top 20 most livable and economically vibrant cities.”
Earlier, the Prime Minister reiterated that the Government has spent considerable effort to brand Malaysia as a real estate investment location. At the commercial level, its various promotional efforts have resulted in property companies from the Middle East and China undertaking projects of sorts in Malaysia.
Likewise at the retail level, programmes such as the Malaysia My Second Home has helped to attract individuals to set up residence in Malaysia.
In applauding 8Kia Peng@KLCC King of the Hill as its maiden development project outside i-City, I-Berhad’s Executive Chairman Tan Sri Lim Kim Hong reiterates the aspirations to emulate every aspect of i-City’s remarkable progress into the high-end condominium.
“Today we witness how an initial RM10 million investment in the City of Digital Lights initiative has evolved into an RM3 billion Tourism Destination comprising the theme park, three hotels, a shopping mall (the Central Shopping Mall i-City), a Convention and Performing Arts Centre and a Wellness hub,” enthuses Tan Sri Lim Kim Hong.
He adds: “Upon its completion, i-City will have 30,000 residences and 25,000 knowledge workers within a 70-acre site. We are confident that with all the various connectivity plans in the pipeline, the NKEA’s Greater Kuala Lumpur/Klang Valley vision will become a reality.”
Meanwhile, 8Kia Peng @KLCC King of the Hill is made up of a single 50-storey tower on a freehold land with a GDV of RM1 billion. There is a total of 442 residences.
Aside from boasting uncompromised view – 80% of 8Kia Peng@KLCC King of the Hill residences have direct KLCC view of both the PETRONAS Twin Towers and the central park – all the units also come in the much sought after 716 sq ft to 987 sq ft range, with two bedrooms and are fully fitted and furnished in a ready move-in condition.
Other luxurious feature of 8Kia Peng @KLCC King of the Hill includes a prestige five-star hotel lobby area with double volume ceiling, Sky Club Lounge on Level 46 & 47, Recreation Centre, gymnasium and a 50m infinity pool, all of which overlook KLCC.