Record prices for apartments in Malaysia

Lim is also behind Banyan Tree Signatures Pavilion which is being developed by Lumayan Indah Sdn Bhd on a 1.46 acres at the junction of Jalan Conlay and Jalan Raja Chulan, opposite Pavilion KL. Banyan Tree is expected to be completed in 2016. It comprises 441 private residences which have already been sold while its 51 serviced units and 50 hotel suites are not for sale. (File picture shows celebrations at the entrance to Jalan Bukit Bintang in Kuala Lumpur)

PETALING JAYA: The Pavilion group is setting a record of sorts as it has priced its high-rise serviced residential units of its latest project – the Pavilion Suites – along Jalan Bukit Bintang starting from RM3,000 per sq ft.

The 51-storey project comprises 383 one and two-bedroom service residentials and offers 450,000 sq ft of retail space on a gross floor area basis. On a net basis, this is expected to be about 240,000 sq ft.