Platinum Suites, KLCC

Platinum Suites (also known as Face @ Platinum Suites) is a modern residential-cum-commercial development fronting Jalan Sultan Ismail, located right next to the Renaissance Hotel. And it is just mere minutes walking distance from KLCC. It is the first exclusive project by Platinum Victory.

Platinum Suites comprises of 3 blocks of 51-storey towers on a piece of 4.75-acre freehold land. The entire development has an estimated gross development value of RM2.5 billion. It is to be developed in 3 phases; Phase 1 consists of fully furnished luxury residential units, Phase 2 consists of fully furnished service residential units, while Phase 3 comprises of upscale office suites and prestigious hotels.

The first tower launch is called Face Platinum Suites, a RM1 billion project (GDV). It offers a total of 733 small-sized condominiums in the 51-storey tower (8 parking floors and 42 residence floors). There are 13 different layouts to choose from and the unit sizes start from studio with 850 sf of built-up size that consists of 1 bedroom and 1 bathroom, and up to 1,490 sf. The condominium was launched from RM1,350 psf. According to the developer, all units are well equipped with premium furnishings and household appliances from beds to bookshelves and air-conditioning to microwave ovens.

This futuristic development is very well located with its close proximity to the financial district, shopping malls, hotels, entertainment hubs and even good public transportation service. In just a 15-minute walk, you will be able to reach Suria KLCC, MATIC Jalan Ampang, Hard Rock Cafe, Zouk KL, Royal Danish Embassy and High Commission of the Islamic Republic of Pakistan. In terms of accessibility, you might want to forgo your car since you can travel to around Klang Valley with ease. It is just about 5 minutes’ walk to Dang Wangi Putra LRT station. Besides that, it is very easy to catch a cab right at the road side due to the fact that there are several hotels in the area.

Property Details

• Name: Platinum Suites (also known as Face @ Platinum Suites)
• Address: Jalan Sultan Ismail, 55100 Kuala Lumpur
• Developer: Platinum Victory
• Completion Date
• Face Platinum Suites: 2015 (estimate)
• Type: Mix (Residence, Commercial Office & Hotel)
• Tenure: {Tenure}
• No. of Blocks: 3
• No. of Storey: 51
• No. of Units
• Face Platinum Suites: 733
• No. of Bedrooms
• Face Platinum Suites: 1 – 2 + 1
• No. of Bathrooms
• Face Platinum Suites: 1
• Land Area: 4.75 acres
• Built-up
• Face Platinum Suites: 850 sf – 1,490 sf
• Maintenance Fee
• Face Platinum Suites: RM0.35 psf
• Launch Price
• Face Platinum Suites: RM1,400,000 – RM2,700,000

Layouts

• Face Platinum Suites
• Mid Zone
• Type AM: 1,025 sf
• Type A1M: 1,035 sf
• Type A2M: 880 sf
• Type A3M: 900 sf
• Type BM: 1,080 sf
• Type B1M: 1,100 sf
• Type CM: 910 sf
• Type C1M: 925 sf
• Type C2M: 880 sf
• Type DM: 1,110 sf
• Type D1M: 1,315 sf
• Type EM: 1,055 sf
• High Zone
• Type AH: 1,035 sf
• Type A1H:1,035 sf
• Type A2H: 880 sf
• Type BH: 1,110 sf
• Type B1H: 1,110 sf
• Type C2H: 890 sf
• Type D1H: 1,325 sf
• Type EH: 1,055 sf
• Type E1H: 1,490 sf
• Type EE1H: 1,490 sf

Facilities

• Infinity roof top sky pool
• Sky lounge
• Fitness gymnasium
• Multi-purpose hall
• Laundrette
• Café
• Concierge
• Intercom System
• Visitor parking
• 24-hour security with CCTV

Analysis

Platinum Victory is not a new name in the property industry as the Group has been around since 1996 and has delivered approximately 4,500 units of condominiums, shops and offices across Sentul, Setapak and Taman Melati Utama. However, this is the first time they got themselves into a high-end development right in the city centre. Though their strength in high-end properties is untested, many believe they have the capability to deliver a decent job, if not magnificent.

The launch price is indeed quite right if we compare it to the nearby similar studios such as Parkview and Marc Service Residence, which has been averaging at RM1,200 for the last 3 years. However, many believe that the size is a little too big, from which it starts at 850 sf. If it is a studio, it can be portioned into half – that will make it more appealing since the price will be lowered and become affordable by most Malaysians. Currently, over 500 units are already sold to Singaporeans, Chinese nationals and foreigners.