The Axis Residence Deluxe is a 33 storey serviced apartment block in Pandan, Kuala Lumpur, Malaysia. With a fast expanding economy, Malaysia shows a GDP growth of over 5.5% since 2004 (confirmed at 6.1% for 2007).

As the capital city, Kuala Lumpur is placed ideally to benefit from this growth and has therefore developed into a modern, world-class city with a population of almost 2 million.

Compared to other parts of Asia like Hong Kong and Singapore, prices in Malaysia are still lower. Axis Residences Deluxe is the highest-end real estate in one of the fastest developing areas of Kuala Lumpur, where average household incomes are expected to double in the next 4 years.

An Overview

The Axis Residence Deluxe offers a choice of facilities, including various pools, gym and a sky lounge. All apartments are delivered in a ‘ready-to-let’ condition with 1 covered parking space and views either overlooking the pool area or towards KLCC.

Internationally renowned DTZ have been appointed as the management company for the building and can offer both apartment and tenant management services to all buyers.

Location

The Axis Pandan development is located in a residential area known as Taman Chempuka. It is located to the east of the middle ring road, approx. 10 km to the east of the Kuala Lumpur’s golden triangle.

Features

The Axis Residence Deluxe is a contemporary themed serviced residence. It offers a choice of facilities, including :

• a gym, swimming
• wading and spa pools
• covered parking and sky lounge.

Axis Residence Deluxe is a project that offers prestige and convenience to the dweller by offering every luxury one could need.

All units are delivered fully furnished with 24 hour security with intercom and guard patrol, housekeeping and concierge services.

Investment Summary

With a fast growing tourism sector and 0% capital gains tax, Malaysia is a hot destination right now. With its modern lifestyle, unspoiled beaches and affordable real estate, Malaysia offers property investors more than enough reasons to turn their back on the rest of the world.

Gross yields in excess of 8% can be expected from the Axis Residences Deluxe when compared with today’s rental rates. 60% LTV mortgages are available to foreign non-residents – which means they can invest with as little as £19,000 cash, plus purchase costs. This makes for a very attractive offer.

Also, with these numbers an annualised return on investment of 58% should be realistically achievable.

Axis Residence Deluxe units are located on a commercial land and offer property buyers and investors the benefit of the 99 years lease hold title.

During 2007-2011 the majority of developments currently under construction within KL will reach completion. It is estimated that in 2007 approximately 4,150 new units were completed; with almost 80% of the units scheduled for completion in 2007 and 2008 having already been sold. Impending supply in 2009 have also achieved sales rate of 75%.

Buyer Options (Plans)

In total there are seven style of apartments available in the Axis Residences Deluxe. All plans are pretty spacious and feature different setups, depending on the view you prefer, the floor plan or the size.

• Type A apartments: Type A apartments are 1023sq ft in size and contain 3 bedrooms, 2 bathrooms and an open plan living, dining and study area with a kitchen. Type A units offer views toward KL city centre and come with a covered parking space.
• Type B apartments: Type B apartments are 1000 sq ft in size and contain 3 bedrooms, 2 bathrooms and an open plan living, dining and study area with a kitchen. Type B units offer views toward the pool and come with a covered
  parking space.
• Type C apartments: Type C apartments are 739sq ft in size and contain 2 bedrooms, 2 bathrooms and an open plan living, dining and study area with a kitchen. Type C units offer views toward KL city centre and come with a covered parking space.
• Type C1 apartments: Apartments C1 are between 835 sq ft in size and contain 2 bedrooms, 2 bathrooms and an open plan living, dining and study area with a kitchen. Type C1 units offer views over the pool and come with a covered parking space.
• Type C2 apartments: Apartments C2 are 839 sq ft in size and contain 2 bedrooms, 2 bathrooms and an open plan living, dining and study area with a kitchen. Type C2 units offer views toward the pool and come with a covered parking space.
• Type C3 apartments: Apartments C3 are 834 sq ft in size and contain 2 bedrooms, 2 bathrooms and an open plan living, dining and study area with a kitchen. Type C3 units offer views toward KL city centre and come with a covered parking space.
• Type D apartments: Type D apartments are 892 sq ft in size and contain 3 bedrooms, 2 bathrooms and an open plan living, dining and study area with a kitchen. Type D units offer views toward the pool and come with a covered parking space.

Pricing details

• 2-bed (739 SQ. FT) from RM 292.644 (~ £45,000)
• 2-bed (834 SQ. FT) from RM 316,920 (~ £49,000)
• 3-bed (982 SQ. FT) from RM 360.394 (~ £56,247)

Payment Plan

• Reservation deposit of RM 20,000 upon signing reservation agreement
• 10% upon signing of SPA
• 35% within 30 days of signing SPAAs construction has started on the Axis Residence Deluxe

Payment for the earthworks, below ground level works and infrastructure serving the building is required within 30 days of signing the SPA – these combined equate to 35% of the purchase price. Further payments are required within 14 days of the commencement of the following construction phases.

• Building framework and floor – 15%
• Walls – 10%
• Roofing and electrical installation – 10%
• Internal and external plastering – 10%

Upon the handover of your unit two final payments of 5% are required, which are paid as below:

• 5% is paid to the developer
• 5% is paid to the developers solicitor, which is held as a stakeholder for payment to the developer as follows

1. 2.5% is payable after six months of the date of property transfer
2. 2.5% is payable after twelve months of the date of property transfer

Various payments linked to construction progress until completion (expected mid 2009, but no later than Mid 2010)

Interested, Contact Us

Should you be interested to hear more about the Axis Residences Deluxe, please fill out the form below so that we can send you the appropriate details.