Located within Kuala Lumpur’s world famous Golden Triangle, Bukit Bintang has become one of the coolest destinations in all of Southeast Asia. Everything from Malaysia International Fashion Week to the Malaysian F1 Grand Prix Pit Stop takes place here adding to Bukit Bintang’s allure as a must-stay location. And while there are plenty of five-star hotels, residencies can be harder to come by despite growing demand. Need to know more about Bukit Bintang property? We answer three key questions.
Where to live?
There are a few luxurious projects springing up in Bukit Bintang, but Dorsett Residences Bukit Bintang is by far and away the most promising. Operated by the renowned Dorsett hospitality brand, this luxury project promises residents distinctive living where the outstanding amenities are connected. Those amenities include fully furnished units, fitness facilities and valet parking.
What to do?
With no shortage of retail centres, Bukit Bintangis one of Asia’s premier shopping destinations. Tourists and locals frequent this area looking for everything from designer goods to boutique offerings. Those exhausted from shopping can head to Bintang Walk where there are countless trendy eateries and cafes serving up local favourites and international offerings.
Should you invest?
There are a number of factors that make Kuala Lumpur’s prime residential real estate in neighbourhoods such as Bukit Bintang attractive. For starters, per square metre property prices for luxury units in central locations is far cheaper than in Singapore and surprisingly Bangkok. While there are stamp duties and other cooling measures in place, these are not necessarily a deterrent if you find the right property in the right location.
“In terms of pricing, Kuala Lumpur is very attractive. And there is no restriction on the property tenure, so foreigners can buy a freehold property subject to price thresholds that vary for different states,” Knight Frank Malaysia executive director of research and consultancy, Judy Ong, explained.
Final Thoughts on Bukit Bintang property
There really is a lot to love about Bukit Bintang. It is considered to be the heartbeat of Kuala Lumpur and is the one area expats and millennials strive to live. Developments such as Dorsett Residences Bukit Bintang are exciting since they offer the full-service, branded residential space many buyers now crave along with a wide range of modern amenities. Additionally, costs for prime residential real estate are relatively inexpensive at the moment, even in popular locations like Bukit Bintang. Whether you want a place to call home in Kuala Lumpur or simply want a smart investment, Bukit Bintang property is worth considering.
