Malaysian property developer Eastern & Oriental Bhd has rekindled its partnership with Japanese developer Mutsui Fudosan in order to bring another highrise serviced apartment complex to Kuala Lumpur. The duo's first development, The Mews, introduced two 38-storey towers and a combined 256 units to the city centre.
The Conlay, now under construction at the corner of Jalan Conlay and Jalan Kia Peng, will contain 491 serviced apartments across 51 storeys. Kerry Hill Architects has designed the project, which will also include a range of amenities. Multi-storey voids in the facade provide a visual marker for these amenity spaces.
A library, music room, multi-purpose lounge, fitness centre, and infinity swimming pool are just a small selection of facilities that will be available to residents upon completion.
New regulations passed by the Malaysian government have made it easier for foreign investors to buy property in the country. Previous rules under the Malaysian My Second Home program allowed foreign buyers to purchase properties over $241,000 USD in value. Recent changes lower the threshold to $145,000 USD for highrise properties in urban areas, a move that is expected to fuel skyscraper construction in Kuala Lumpur.
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