Malton Releases The Park 2 – Final Tower Next to Pavilion Bukit Jalil

Malton Releases The Park 2 - Final Tower Next to Pavilion Bukit Jalil

Kuala Lumpur, 17 August 2017 – A successful sellout of Tower 1 of The Park 2 Pavilion Bukit Jalil  in just months has prompted Malton Berhad (“Malton or The Group”) to fast-track the early release of Tower 2, the final block of luxury serviced apartments at Bukit Jalil City. Savvy buyers now have one last opportunity to secure a property on this iconic integrated development with the final release of 324 luxury apartments, a joint-collaboration with the award-winning Pavilion Kuala Lumpur.

Sitting on freehold land, The Park 2 has an estimated gross development value (“GDV”) of RM 720 million, and comprises 709 units of serviced apartments with 385 and 324 units each in Tower 1 and Tower 2. Underpinned by a strong demand for own stay and investment, coupled with the last residential component, The Park 2 continued to showcase sterling success when 90% of its 50-storey Tower 1 units were snapped up in the short period that followed from March this year.

“To meet the  strong demand from buyers, we have brought forward the release of the 52-storey Tower 2, which was originally slated for sale at a much later date.  We are confident to achieve another remarkable success as 70% of the units were taken up prior  to our official launch today. Being the last residential tower, savvy investors and homebuyers are taking the last opportunity to own a property in Bukit Jalil City. The two dynamic brands, premium lifestyle and location are the drawcard at The Park 2 and buyers are quick to pounce on the benefits. This proves that there is still a high demand for high-rise residential in niche locations and projects which offer strong concept, branding and delivery,” said  Executive Director of Malton, Hong Lay Chuan.

He further attributed The Park 2’s overwhelming success to its premier location that sits right between the regional Pavilion Bukit Jalil shopping mall and lush green 80-acre Bukit Jalil recreational park. The Park 2 also offers a distinct prestigious touch, as residents will  be able to enjoy a seamless experience with exclusive access to the upcoming Pavilion Bukit Jalil mall via a dedicated and covered link bridge. Other exclusive amenities include  two separate lobbies in each tower, with 9 and 7 lifts serving 10 units and 8 units per floor in each tower. Prices start from RM630,000 and the units are partially furnished with quality fittings. Every unit is thoughtfully planned  with  efficient built-ups ranging from 750 sq ft to 1570 sq ft to suit individuals and families. All units in The  Park 2 are distinctively distinguished by a pair of sleek ultra-modern and tall towers that will redefine the Bukit Jalil skyline.

Guest of Honour, The Malaysian Minister of Federal Territories, Datuk Seri Utama Tengku Adnan bin Tengku Mansor, said “Once completed by 2020, the regional Pavilion Bukit Jalil shopping mall and offices will provide thousands of new employment opportunities whereby Bukit Jalil’s population and employment are projected to increase by approximately 24.2% and 51.6% to 464,300 and 273,121 respectively from 2000. Residents of Bukit Jalil City will be the ones who benefit the most while residents living nearby will benefit from an increase in the value of their property. For a project of this scale and vision, Bukit Jalil City will serve as a catalyst for Bukit Jalil’s rejuvenation, raising the city’s stature with further economic growth, job creation and improved infrastructure. This creates a demand for quality infrastructure and amenities that mirrors a world-class city. Hence, projects such as Bukit Jalil City by Malton Berhad and the Pavilion Group is another positive step forward for Kuala Lumpur and the Rakyat. I believe we are on the right track towards advancing Kuala Lumpur as a World Class City and the region’s premier hub for business, leisure and living.” This is in line with the government’s vision to position Kuala Lumpur amongst the Top 20 most liveable cities by 2020.

Dato’ Joyce Yap, CEO of Kuala Lumpur Pavilion Sdn Bhd, said “The final launch of The Park 2 marks an exciting milestone for the Pavilion retail group as we move yet another step closer towards providing a holistic experience in edutainment and retailtainment to both local and international visitors alike. The move will ultimately set Bukit Jalil apart as one of the country’s major retail and tourist destinations. With its net lettable area (‘’NLA’’) of approximately 1.8 million sq ft,  Bukit Jalil is poised to be a regional mall in terms of brands mix, flagship stores and concept. Our experienced retail management  team  from the award-winning Pavilion KL will replicate the shopping mall’s success here.  Exquisitely designed by the KL Pavilion Design Studio, the regional mall façade which stretches up to 560 metres  is catered to give maximum visibility to retailer’s brand. We already received huge interests with over 900 registrations from  prospective tenants. We are confident that the development has all the requisite elements to elevate Bukit Jalil neighbourhood into an epicentre of style and living.”

This 50-acre integrated  lifestyle development with an estimated GDV  of RM4 billion aims to create a new dimension of an integrated community development that will offer cosmopolitan living and vibrant destination for business, best-in-class shopping experience, dining, leisure and entertainment experiences. A lot of thoughts have gone into the planning and execution to enable homebuyers, investors and retailers enjoy the luxurious amenities and investment returns.

Bukit Jalil City consists of Pavilion Bukit Jalil regional shopping mall, the Signature Shop Offices, The Park Sky Residence, Park Point Shop Office and The Park 2. Also completed are the 112 units of the Signature Shop Offices (Phase 1) which were handed over to the shop owners in June this year while the entire development will be completed by 2021. Malton will also be improving the current infrastructure by constructing a new flyover to Puchong, new roads leading directly to Bukit Jalil City, including two underpasses to the development and four pedestrian bridges to enhance the liveability of this growing township.

 

 

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