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Continue Reading ⋅ 30 January 2023
Banyan Tree Residence (also known as Pavilion Banyan Tree Signatures) is a luxury serviced residence located in the heart of Kuala Lumpur.
This project is a collaboration between Pavilion Kuala Lumpur, Malaysia’s premier luxury shopping mall, and Banyan Tree, a globally recognised hospitality brand. With the convenience of a link bridge connecting to the city’s luxury shopping mall, Pavilion Kuala Lumpur, and the famous Bukit Bintang district, residents will find the best in dining, fashion and entertainment at their doorstep.
The architectural concept of Banyan Tree Residence is that of left and right palms coming close together to ‘enclose’ the spaces created. The building is also crafted to gain maximum exposure to Kuala Lumpur’s views and skyline. Banyan Tree Residence is sited on the former MISC building (previously used as the University of Nottingham Malaysia Campus in 2000 to 2005) covering 1.461 acres.
The 59-storey residential development features a branded development of 441 private residences, 51 service residences, and 55 hotel rooms and suites. Fronting the bustling Jalan Conlay, Banyan Tree Residence enjoys the convenience of urban living, and yet it is shielded from the traffic noise and secluded in its own sanctuary.
The entrance park is designed as an oasis of green sanctuary, to provide a tranquil setting and ambience. A white water fountain serves as the landmark at the turn off from Jalan Conlay to its entrance driveway. Banyan Tree Residence has a gross development value (GDV) of RM1.4 billion, and it was completed in 2015.
In December 2018, Pavilion Hotel Kuala Lumpur, the first hotel property under the Pavilion Group managed by The Banyan Tree Group, opened its doors to the public. Singapore Exchange-listed Banyan Tree is an international operator and developer of premium resorts, hotels, residences and spas.
Address: Jalan Conlay, 55100 Kuala Lumpur
Developer: Pavilion Group
Property Type: Serviced Residence
Land Area: 1.461 acres
Land Title: Commercial
No. of Blocks: 1
Total Units: 542
- Private residences: 441
- Service residences: 51
- Suites: 50
Tenure: Freehold
Year of Completion: 2015
Built-up Area: 1,076 sq ft to 2,195 sq ft
Facilities:
- 58m infinity pool
- Jacuzzi
- Sauna & steam room
- Gymnasium
- Dance studio
- Barbeque terrace
- Outdoor lounge
- Function rooms with outdoor terraces
- Changing rooms
- Rooftop: Sky bar & restaurant
- Banyan Tree Gallery & Spa
- 24-hour security: Smart card access system & intercom system
Launch Price: From RM2,151,000
Launch Price Per Sq Ft: Average of RM2,000 per sq ft
Maintenance Fee: RM 0.75 per sq ft
Project Details
Banyan Tree Residence comprises a single 55-storey tower, with a total of 542 units. The service and private residence are located from Level 27 to 52, while the hotel suites are located on Level 54 and 55.
There are 9 types of units that range from 1 to 3+1 bedrooms, while built-ups are from 1,076 sq ft to 2,195 sq ft. Banyan Tree Residence come partially furnished with top-end European imported kitchens, wardrobes, electrical appliances, sanitary ware, and fittings.
The project’s private link bridge to the Pavilion Kuala Lumpur shopping mall allows exclusive access to the mall. Additionally, the residence has many state-of-the-art facilities and amenities, including a sky bar and a sky-restaurant at the tower’s rooftop which offer a sweeping panoramic view at level 55, together with the signature Banyan Tree Gallery and Spa.
Residents can also revel in the exclusive benefits of the Pavilion Diamond Card, including special discount rates at selected couture stores, lounging at the VIP Diamond Card Lounge, and porter service that delivers Pavilion purchases right to the doorstep. There’s also the Couture Concierge Services that offers residents the
luxuries of a private yacht, jet, and limousine, all on-demand. The Banyan Tree Couture Concierge Service also assists residents with their daily errands, from housekeeping to reservations.
Apart from that, there’s an exclusive Banyan Tree Card that ensures residents preferential treatment at all Banyan Tree Hotels and Spas worldwide including special rates for rooms and spa treatments at Banyan Tree Signatures Pavilion Kuala Lumpur, and other Banyan Tree resorts and spa worldwide.
The development was completed in 2015, and the launch price started from RM2,151,000, while the maintenance fee is RM 0.75 per sq ft.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A1 & A2 |
· 2,195 sq ft · 3 bedrooms · 2 utility rooms · 1 powder room · 4 bathrooms |
From RM2,151,000 |
|
Type B1 |
· 1,786 sq ft · 3 bedrooms · 3 bathrooms |
|
|
Type B2 |
· 1,668 sq ft · 2 bedrooms · 1 study room · 3 bathrooms |
|
|
Type C1 |
· 1,195 sq ft · 2 bedrooms · 2 bathrooms |
|
|
Type C1 |
· 1,184 sq ft · 2 bedrooms · 2 bathrooms |
|
|
Type D1 |
· 1,076 sq ft · 1 bedroom · 1 study room · 2 bathrooms |
|
|
Type D2 |
· 1,087 sq ft · 1 bedroom · 1 study room · 2 bathrooms |
|
|
Type D3 |
· 1,076 sq ft · 1 bedroom · 1 study room · 2 bathrooms |
Location
Banyan Tree Residence is strategically located at the heart of Kuala Lumpur. This prestigious project’s location, near the bustling Bukit Bintang district, is a major selling point for anyone interested in owning a unit.
Some units will enjoy breathtaking close-up views of the Kuala Lumpur skyline, which includes a view of the Petronas Twin Towers and KL Tower.
Despite fronting the bustling Jalan Conlay, the development is shielded from the traffic noise and secluded in its own sanctuary with a park within. A luxurious white-water fountain serves as the landmark at the turnoff from Jalan Conlay to its entrance driveway.
Banyan Tree Residence also has a myriad of amenities within just a few kilometres.
A link bridge connects residents to Pavilion Kuala Lumpur shopping mall, and it is just about 1km from KL Life Centre, Suria KLCC, Prince Court Medical Centre, the Bukit Bintang shopping belt, and Jalan Alor street food.
Banyan Tree Residence is about a 45-minute drive from Kuala Lumpur International Airport.
Accessibility
- Jalan Conlay
- Jalan Perak
- Jalan Pinang
- Raja Chulan Monorail Station (MR7)
- Bukit Nanas Monorail Station (MR8)
- Dang Wangi LRT Station
- Go KL City Bus (Free shuttle bus service)
Education
- SMK Convent Bukit Nanas
- St John’s International School
- Wesley Methodist School Kuala Lumpur
- INTI International College Kuala Lumpur
Medical Care
- Prince Court Medical Centre
- Gleneagles Hospital Kuala Lumpur
- Tung Shin Hospital
Shopping
- Pavilion Kuala Lumpur
- Suria KLCC
- Petronas Twin Towers
- Bukit Bintang Shopping Centre
- Avenue K
- Fahrenheit 88
- Starhill Gallery
- Lot 10
- Plaza Low Yat
Recreation
- KLCC park
- Royal Selangor Golf Club
- Aquaria KLCC
- KL Forest Eco Park (previously known as Bukit Nanas Forest Reserve)
Analysis
Pavilion Banyan Tree Signatures or Banyan Tree Residence is arguably one of the most desirable address in Kuala Lumpur’s city centre. After all, both Pavilion and Banyan Tree are international luxury brand.
The rocket-high price of Banyan Tree Residence is due to its strategic location in between KLCC Twin Towers and the Bukit Bintang shopping belt.
Apart from being linked to the Pavilion KL shopping mall via a private pedestrian bridge, it is also just minutes away from established corporate office towers, commercial centres, local and global eateries, and entertainment spots.
The sale price of a 1,195 sq ft unit listed on PropertyGuru in April 2021 is about RM2.8 million, while rent is about RM8,000 per month. Based on these figures, the gross rental yield is about 3.43% per annum.
Here’s a look at several properties in the KL city centre.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Banyan Tree Residence by Pavilion Group |
Freehold |
Serviced Residence |
2015 |
1,076 sq ft to 2,195 sq ft |
From RM2,151,000 |
|
St Mary Residences by E&O Property & Lion Group |
Freehold |
Serviced Residence |
2012 |
1,130 sq ft – 6,769 sq ft |
From RM1,100,000 |
|
KL Trillion by Sim Lian Group Limited |
Freehold
|
Serviced Residence |
2015 |
963 sq ft – 6,274 sq ft |
From RM1.5 million |
|
Freehold |
Serviced Residence |
2017 |
923 sq ft – 2,619 sq ft |
From RM1.6 million |
|
|
Freehold |
Serviced Residence |
2017 |
510 sq ft – 1,293 sq ft |
RM949,500 – RM3,765,000 |
|
|
Freehold |
Serviced Residence |
2018 |
718 sq ft – 1,254 sq ft |
RM3,000 per sq ft |
|
|
Yoo8 by Kempinski (Tower B) by KSK Land |
Freehold |
Serviced Residence
|
2020 |
705 sq ft – 1,328 sq ft
|
From RM2.3 million |
|
Lucentia Residences, Bukit Bintang City Centre by UDA Holdings Bhd |
Leasehold |
Serviced Residence |
2020 |
454 sq ft – 882 sq ft
|
From RM749,100
|
|
Impression U-Thant by Yong Tai |
Freehold |
Condominium |
2021 |
782 sq ft – 1,632 sq ft (dual-key) |
From RM1.38 million |
|
Freehold |
Serviced Residence |
2021 |
680 sq ft – 3,080 sq ft |
From RM1.18 million |
|
|
Core Residence at TRX by Core Precious Development Sdn Bhd |
Freehold |
Serviced Residence |
2023 |
624 sq ft – 1,022 sq ft |
From RM1.44 million |
|
Agile Embassy Garden by Agile Group Holdings |
Freehold |
Serviced Apartment |
2024 |
554 sq ft – 1,005 sq ft
|
From RM1.06 million |
Summary
As pointed out in the PropertyGuru Malaysia Property Market Index (MPMI) Q1 2021, it comes as no surprise that many upmarket properties in KL continue to face downward pressure on prices in the current economic climate. The median asking price per sq ft in the Kuala Lumpur City Centre is RM1,123.26, with a QoQ change of -2.73%.
Overall, the property market in 2021 is expected to be flat. With the returning rise in COVID-19 infections, the implementation of the various movement control order and the declaration of emergency, the hoped-for recovery for the property sector may be delayed until 2022.
That said, buyers often draw comfort and confidence from renowned brands such as Banyan Tree, a respected global hotel brand, and Pavilion, an award-winning premier shopping mall.
If you’re interested in a 1,195 sq ft unit at Banyan Tree Residence that’s priced at RM2.8 million, here are its estimated loan figures.
- LTV / margin of finance: 70%
- Down payment (30%): RM840,000
- Loan amount: RM1.96 million
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM8,801
- Approximate required gross annual income: RM340,000*
Want to change the loan figures? Use these calculators:
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* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. The basic rule is that banks usually loan up to 30% of your gross annual income.
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