|Fraser Place, KL previously known as Lot 163 Serviced Suites, KL (SOLD OUT). Fraser Place project is located on 1.04 acres plot of development land is located strategically in the central business district (“CBD”) of Kuala Lumpur.
It is also within walking distance to the Suria Kuala Lumpur City Centre (“KLCC”) shopping centre and The Pavilion Kuala Lumpur, the newest shopping centre in the city centre. Fraser Place, KL is a mix development with 217 units of high end service apartments, a retail arcade with 17,772 sq ft and a 16 storey office block. The service apartment is currently priced from RM1,230.00 onwards. The mix development by YNH Property will have a gross development value of approximately RM300.00 million
The commercial properties, i.e. the office block and the retail arcade, will be facing Jalan Perak while the residential units are located at the block facing Suria KLCC, with added privacy for the residents. YNH Property Bhd is offering the purchasers of the service apartments a guaranteed gross return of 8% per annum for two years plus another three years (at the option of the YNH & Fraser Hospitality) and had appointed Frasers Hospitality, a member of Fraser & Neave group, to manage the service apartments. YNH Property Bhd is also offering potential buyers a zero entry cost, i.e. the stamp duty and the legal fees will be borne by YNH Property Bhd.