A freehold development, Agile Bukit Bintang is a 70:30 tie-up between China’s Agile Group and Tropicana Corporation Bhd. Encompassing 3.76 acres, it is expected to be completed by December 2022.
Bukit Bintang, June 30: Agile Bukit Bintang is the developer’s second project in Malaysia and consists of three towers with a total 1,501 condominium units measuring between 625 and 1,157 sq ft, 66 small office-versatile office (SoVo) units and 14 commercial lots.
Agile Group Holdings Limited, which have been listed on the Main Board of the Hong Kong Stock Exchange since 2005 first ventured into Malaysia in 2016 with Agile Mont’ Kiara, a 10-acre low-density residential development. The project has since recorded a 90% take-up rate.
Designed by AECOM, an American multinational engineering firm, the 10th floor of Agile Bukit Bintang will boast a 30,000 sq ft facilities deck with its very own ‘tropical rainforest’ in line with the developer’s vision to complement the residents’ urban lifestyle with a wholesome, green environment. Centring on a “Five Gardens” design concept, the facilities podium will include a fitness room, swimming pool, jogging track, leisure area and recreation room.
Meanwhile, the topmost level, i.e the 60th floor, will feature a Sky Garden, in which residents can lounge while enjoying the city’s stunning skyline. The development’s ground floor on the other hand, will be developed into a commercial street.
Agile Bukit Bintang’s main USP is definitely its prime location, situated along Jalan Bukit Bintang and just 500 metres away from Pavilion Shopping Mall, the high-end development is also a stone throw’s away from the Royal Selangor Golf Club (RSGC), the Prince Court Medical Centre and the University of Nottingham. Best of all, there are three MRT stations within walking distance with the MRT Tun Razak Exchange located just 200 metres away.
The project is flanked by the Tun Razak Exchange, an upcoming financial hub and IKEA Cheras on its southern side; Bintang Walk and the RSCG on its western and eastern sides, respectively while its northern view is none other than the Kuala Lumpur Twin Towers (located 1.7km away).
According to the Chai Keng Wai, CEO of Agile Malaysia, Agile has previously released 300 residential units in Tower B for an exclusive pre-sale, of which 60% have been snapped up within 3 weeks upon obtaining the Advertising Permit and Developer Licence (APDL). These buyers comprise a roughly 50:50 mixture of foreign and local buyers, of which the former consist of Chinese and Hong Kong purchasers. The 60-storey Tower B consists of 21 SOVO units and 678 residential units.
With prices from roughly RM1,750 PSF, we believe it is a very reasonable price given the fantastic location – Kuala Lumpur’s golden triangle is basically at your doorstep,” added Kayson Yuen, Agile Group’s Vice President. Selling prices are starting from roughly RM1.1. million for 625 sq ft studio units while maintenance fees will be capped at between RM0.50-RM0.70 PSF.
The developer plans to launch Tower C, which shares a common facilities deck with Tower B sometime next year. Tower A, on the other hand, will be launched further down the road and might see a different layout such as serviced suites, since it is an independent block.
In terms of future plans, Agile Group is hoping to launch projects in Malaysia worth RM12.6 billion over the next 3 years. “We have built a strong local management team after 4 years since we first set up a base here in Malaysia, and we are very keen to explore more joint venture opportunities in the future, preferably in Penang, Selangor and Kuala Lumpur,” shared Chai.