Banyan Tree, KLCC

Banyan Tree (also known as Pavilion Banyan Tree and Banyan Tree Residences) is luxury service residence skyscraper nestled at KL City Centre, within the KLCC enclave. The suites will be managed by world renowned Banyan Tree Hotels & Resorts.

Sited on the former MISC building (previously used as the University of Nottingham Malaysia Campus in 2000 to 2005) covering 1.461 acres site, Banyan Tree comprises a single 55-storey tower which consists of 441 units of private residences, 51 units of service residences, and 50 luxury suites. Service and private residence are located from Level 27 to 52, while the hotel suites are located on Level 54 and 55.

There are 7 types of serviced apartment to choose from at Banyan Tree, ranging from 1 to 3 + 1 bedrooms. The units have built-ups range from 1,076 sf to 2,184 sf. This exclusive apartment will boost modern facilities that include a sky bar and a sky-restaurant at the tower roof top, together with the signature Banyan Tree Gallery and Spa.

Property Details

• Name: Banyan Tree (also known as Pavilion Banyan Tree and Banyan Tree Residences)
• Address: Jalan Conlay, Kuala Lumpur
• Developer: Pavilion Group
• Completion Date: 2015 (estimate)
• Type: Serviced Apartment
• Tenure: {Tenure}
• No. of Blocks: 1
• No. of Storey: 55
• No. of Units
• Private Residences: 441
• Service Residences: 51
• Suites: 50
• No. of Bedrooms: 1 – (3 + 1)
• No. of Bathrooms: 2 – 4
• Built-up: 1,076 sf – 2,184 sf
• Launch Price
• Minimum: RM1,650 psf
• Average: RM2,000 psf
• Subsale Price: {Price Range}

Facilities

• Roof top
• Sky bar
• Sky restaurant
• Banyan Tree Gallery & Spa
• Infinity pool
• Jacuzzi
• Children’s pool
• Pool deck
• Gymnasium
• Children’s play area
• Function room
• 24-hour security
• Smart card access system
• Intercom system

Analysis

Banyan Tree Holdings is an international hospitality brand. Established since 1994 via its first boutique resort in Phuket, the company has grown into a multi-business operator globally and is listed on the Singapore Stock Exchange since 2006. Currently, the group manages / owns 20 resorts and hotels, over 50 spas, over 70 retail galleries and 3 golf courses.

Banyan Tree is dubbed to become the most exclusive apartment in Kuala Lumpur, potentially leaving One KL and The Troika behind. The average price of Banyan Tree is about RM2,000 psf. The sky rocket high price is due to its strategic location in between KLCC Twin Towers and Bukit Bintang shopping belt. For residents’ convenience, the development will be linked to Pavilion KL shopping mall via a private pedestrian bridge. It is minutes away to established corporate office towers and commercial centres.

Despite slow growth in residential property market in KLCC nowadays with rumors saying that KLCC is experiencing property bubble, hospitality industry in KL remains robust. Besides Banyan Tree, other similar developments are W Hotel & Residences, and The Ruma, St. Regis Hotel & Residences, Best Western Dua Sentral and the Ascott Sentral in KL Sentral and Hilton Garden Inn in Millennia City Puchong. Banyan Tree is also considered one of the best luxury condos in KLCC.