Three28 Tun Razak, KLCC

Three28 Tun Razak (also known as 328 Tun Razak) is a freehold residential development located on Jalan Tun Razak, Kuala Lumpur. The developers, Tan & Tan Developments expects the development to be completed by the final quarter of 2016. It will consist of one block of residential condominium with 22 storeys.

There would be 5 levels of parking, level 5 would house the gymnasium as well as the pool, along with 6 units of residential. Levels 6-21 would have 10 residential units per floor, making the unit density within Three28 Tun Razak rather low. Layouts range from having 1 bedroom to 3 bedrooms, with built-ups ranging from 710 sf to 1,625 sf. Prices start from RM838,000 for the 1-bedroom units and goes up to RM1,433,000 for the biggest units.

Three28 Tun Razak has all of its facilities located on the 5th floor. There is 25-meter lap pool along with a deck. Located right beside the pool would be the gymnasium overlooking the pool deck. A kid’s pool is located right beside the lap pool for children to play. Located directly in front of the kid’s pool is the children area. Two prayer rooms catering for both males and females is located right beside the children area, and two changing rooms are also available for the pool-users to change into and out of their swim wear. 24-hour security guards the premises of Three28 with CCTV facilities.

Three28 Tun Razak is strategically located in the Kuala Lumpur City Centre (KLCC), therefore amenities are abundant within the vicinity and easily accessible. Shopping complexes such as City Square Centre and Ampang Park Shopping Centre are comfortably within walking distance. Others such as Suria KLCC, Fahrenheit88, Lot10, and Pavillion are a bit further, but still merely a short drive away. The nearest hospital is the HSC Medical Centre, and there are also other hospitals situated nearby such as Hospital Pusrawi, Hospital Kuala Lumpur, and Prince Court Medical Centre. Banks and eateries are easily accessible in the KLCC area.

Educational institutions nearby include the UTM International Campus, University of Nottingham, Raffles Lasalle International Design School, and Sekolah Antarabangsa Sayfol. It is easily accessible from various roads. The condominium is located just off Jalan Ampang, which stretches from the east of KL to the west, therefore access via Jalan Ampang is really convenient. Jalan Tun Razak where Three28 is located, goes along the north towards the south of KL. Jalan Tun Razak is also connected to the Smart Tunnel Motorway allowing easy access into the southern part of Selangor. The Mahameru Highway (MMR2) can also be accessed via Jalan Tun Razak, which links KL to the western side of Selangor.

Property Details

• Name: Three28 Tun Razak (also known as 328 Tun Razak)
• Address: Jalan Tun Razak, Kuala Lumpur
• Developer: Tan & Tan Developments (a subsidiary of IGB Corp)
• Completion Date: Q4 2016 (estimate)
• Type: Condominium
• Tenure: {Tenure}
• No. of Blocks: 1
• No. of Storey: 22
• No. of Units: 116
• No. of Bedrooms: 1-3
• No. of Bathrooms: 1-3
• Land Area: 0.76 acres
• Built-up: 710 sf – 1,625 sf
• Maintenance Fee: RM0.45 psf (estimate)
• Launch Price: RM838,000 – RM1,433,000

Layouts

• Type A1 – A2
• 2 bedrooms + 2 bathrooms (1,227 sf – 1,238 sf)
• Type A3 – A12
• 2 bedrooms + 2 bathrooms (915 sf)
• Type B1 – B2
• 2 bedrooms + 2 bathrooms (1,410 sf)
• Type B3 – B10
• 2 bedrooms + 2 bathrooms (1,044 sf)
• Type C1 – C2
• 3 bedrooms + 3 bathrooms (1,615 sf – 1,625 sf)
• Type C3 – C4
• 3 bedrooms + 3 bathrooms (1,184 sf)
• Type D1 – D6
• 1 bedroom + 1 bathroom (710 sf)
• Type E1 – E10
• 3 bedrooms + 3 bathrooms (1,281 sf)

Facilities

• 25-meter lap pool
• Kid’s pool
• Gymnasium
• Prayer rooms
• 24-hour security
• Multipurpose room
• Children’s area

Analysis

Three28 Tun Razak has a rough selling price of RM1,000 psf. Considering it is located in KLCC, which is currently selling at roughly RM1,200 psf, it is considered an instant bargain at launch price. It is a general conception that well-known developers, leveraging on their goodwill sell their developments at a mark-up of 10%-20%. Tan & Tan Developments, being a subsidiary of the Bursa Malaysia listed company IGB, certainly has made a name for itself in the development scene and is considered by many a solid developer.

Being located within KLCC, the location is certainly ideal. The good name of the developer almost guarantees a solid development. Facilities are not as good as the most savvy developments, but the rather old-school aura which emanates from the design of the building is marketed towards the elder generation I would say. A general all-rounder, Three28 is a sound investment; which explains why 60% of units were snapped up within two weeks of launch.