188 Suites, KLCC

188 Suites (formerly known as Fraser Residence) is an exclusive 5-star serviced apartment located along Jalan Sultan Ismail, smacked in the centre of the bustling city centre. Sited within the Golden Triangle of Kuala Lumpur, it is well surrounded by vast array of amenities. It is just within minutes of walking to Zouk Club, NZ Garden Cafe and Embassy of Pakistan. It is also near Suria KLCC and Bukit Bintang shopping belt.

188 Suites, a RM550 million (GDV) project will also include office suites, a retail mall and modern facilities. It is to be managed by world-renowned hospitality service provider, Frasers Hospitality. This is the second business venture with Frasers Hospitality after Fraser Place. It is scheduled to be completed in 2013. Investors’ investment is guaranteed on 40% of rental return (8% guaranteed annual rental return). It is rumored to be selling at RM1,300 psf.

188 Suites consists a total of 446 units sprawling over 2 towers of 22-storey and 26-storey blocks. Only small built-up units are available, each comes with 1 and 2 bedrooms. Its serviced apartments are located from Level 5 and above as the ground level is for lobby and shop lots, while the following 4 floors are for car parks. There is also a level of basement car park bays. The development features a sky gymnasium, infinity lap pool, whirl pool and sauna.

Property Details

• Name: 188 Suites (formerly known as Fraser Residence)
• Address: No 6, Jalan Sultan Ismail, Kuala Lumpur
• Developer: Kar Sin (a subsidiary of YNH)
• Completion Date: March 2013 (estimate)
• Type: Serviced Apartment
• Tenure: Leasehold
• of Storey
  • Block A: 22
  • Block B: 26
• of Units: 446
• of Bedrooms: 1 & 2
• of Bathrooms: 1
• Built-up: From 610 – 1,263 sf
• Launch Price: About RM1,000 psf

Facilities

• Sky gymnasium
• Infinity lap pool
• Whirl pool
• Sauna

Analysis

The news on the development of 188 Suites has been around in all over the newspapers and magazines since end of 2009. It was previously known with several names – Fraser Residence, Project 3KL and Lot 188, before ending up with 188 Suites. Just like its predecessor, it is sold as fully furnished unit – fully equipped kitchen with dishwasher, cooking implements, cutlery, washer and dryer, bed, built-in closet, sofa, dining table et cetera.

Even though 188 Suites is very well located within the Golden Triangle, it is also badly situated right besides Kampung Baru Muslim Cemetery. There might be a good chance that the Muslim cemetary will be relocated some time in the future, giving way to modern city urbanization. In addition, the area will looked cramped following the upcoming Crest Jalan Sultan Ismail, Summer Suites and Platinum Victory high rise developments, not to forget that 188 Suites is also located next to Ampang-Kuala Lumpur Highway (AKLEH).