Super penthouse going for $20 million

The four-level super penthouse comes with an unobstructed full-length view of the Petronas Twin Towers.

Sun, Jul 24, 2011
The Star/Asia News Network

By Angie Ng

The sprawling 19,200 sq ft of four-level super penthouse with an unobstructed full-length view of the Petronas Twin Towers can easily vie for the title of the "Most Exclusive Residence in Kuala Lumpur" if there is such an award up for take.

The spectacular vista of the world's most touted and tallest twin towers is indeed a sight to behold.

The Binjai on the Park Click on thumbnail to view

To enjoy this exclusive privilege atop the 45th floor of Binjai Barat (Tower A) of the luxurious condominium homestead of The Binjai on the Park project, the buyer has to be someone in the super rich list who will not bat an eye to sign over RM50mil (S$20 million). Yes, a cool RM50mil in exchange for the super penthouse, nothing less.

For that price, the lucky owner will get to enjoy a host of privileges besides the 24 hours, seven days a week of unsurpassed view of Kuala Lumpur's most recognised architecture landmark and a 360 degree view of the city's skyline.

On what makes the super penthouse such a coveted residence that warrants a RM50mil price tag, Layar Intan Sdn Bhd head of marketing and sales, Terri Har says: "It is the ultimate in luxury living. The proud owner can lay claim to the most exclusive address - right at the peak of The Binjai on the Park."

Layar Intan Sdn Bhd, which is developing the project, is a wholly-owned unit of KLCC (Holdings) Sdn Bhd.

Har further points out that the luxurious residence is the crowning glory of the exclusive condominium project which is the only residential project within the whole of the 100-acre Kuala Lumpur City Centre (KLCC) development.

It is also the only one of two super penthouses that is still available for sale. The other slightly smaller three-level super penthouse with built-up of 14,000 sq ft in Binjai Timur (Tower B) was sold two years ago for RM38mil. The buyer is a prominent business tycoon who is on Forbes' list of billionaires.

The owners of these super penthouses will get to enjoy a private 24-metre infinity swimming pool and their own private lift.

Har says despite its RM50mil price tag, the residence will be sold as a "shell and core".

"We have established that the buyer of such an exclusive home will want the flexibility to design their own home. The uniqueness of the super penthouse is the unfurnished layout, allowing the proud owner an opportunity to use their creativity in designing and ID fitting their dream home to their own taste and preference," she explains.

Designed by renowned architecture firm Architects Allen Jack + Cottier, The Binjai on the Park comprises a total of 171 residences on two 44-and 45-storey blocks.

The units range from three-bedroom units of 2,200 sq ft to 3,700 sq ft, penthouses of 5,600 sq ft to 7,300 sq ft, and a super penthouse on each of the towers.

According to Har, the project is developed based on the built-then-sell model, and since its completion in February last year, 70% of the units have been sold.

The average price per sq ft (psf) fetched is about RM2,600.

All the 100 residences in the 44-storey block or Tower B have been sold.

Besides the super penthouse, two duplex penthouses of 7,300 sq ft each priced at RM23mil are still available in Tower A.

Also available are a number of standard units in Tower A priced from RM9mil to RM10.6mil.

Har says it is the exclusive factor that makes the project such a hit among the well-heeled owners.

For Tower A, there are only two units per floor with three high speed lifts opening up to the owner's own private lobby via the personal security access card. Tower B has three residences per floor serviced by four lifts.

She says the design of the residences will definitely meet the requirement of the high profile owners - a well-planned layout separating the entertaining area and the owner's private living area.

So far, there have been a number of interested potential buyers and discussion is still ongoing for the unsold units.

One of the strong attractions of the project is that it is anchored on the lush 50-acre KLCC Park which provides residents a direct access to the park - home to over 1,900 indigenous trees that have been transplanted from their former sites to retain the sanctity of the city's gazetted green lung.

"This signature landmark of the KLCC masterplan provides more than 20 million sq ft of commercial, retail, hotel, residential, convention and entertainment facilities.

"The availability of a plethora of prominent entertainment hubs, food and lifestyle outlets, shopping amenities, commercial, business and health facilities, all within a stone's throw of the development, underpin the development's uniqueness and appeal," Har points out.

She says the target buyers are highly discerning buyers who appreciate the quality of the product and location, and are exposed to iconic real estate development in the likes of the Hyde Park in London or Central Park in New York.

"From private catering to getting those hard-to-come-by Philharmonic tickets at Suria KLCC, our hospitality-trained concierge provides a host of personalised services. Living at The Binjai on the Park is no different from the attentive level of lifestyle one gets living in upscale Manhattan or central London," she adds.

She says most of the foreign buyers are buying the property as part of their "trophy collections" to be used as one of their many holiday homes in various global cities.

The upscale project has so far attracted buyers from Hong Kong, the UK, Singapore, China, New Zealand, Taiwan, Dubai and Japan.