Principal Place Residential launches £160m Upper House in KL
KUALA LUMPUR: Principal Place Residential Ltd will be launching 90 units of luxury apartments named Upper House at Mandarin Oriental Hotel in Kuala Lumpur this weekend. The project is located along Shoreditch High Street in London EC2.Principal Place Residential is a joint-venture between Brookfield Property Partners LP, Concord Pacific and W1 Developments Ltd.
“The location [of Upper House] is right in the heart of the city and only a five-minute walk to the Liverpool Street Station,” Brookfield (UK) vice-president Richard Amlot told theedgeproperty.com yesterday. “We are also next to Shoreditch, which is becoming a brand for a trendy area. So we have one place to work, and the other place to play.”
The £160 million (RM901.4 million) Upper House will take up the top 30 floors of Principal Place’s 50-storey Principal Tower, where the lower floors feature office and retail spaces. The residential units will come in 1, 2, 2 plus study and 3-bedroom layouts, with built-ups of between 533 and 2,702 sq ft. Selling prices start at £986,000. The estimated service charge is £6.96 psf per annum.
The project sits on 3.5 acres, which includes a half-acre public piazza on the ground level. It's facilities include gym, spa, screening room, lap pool and 24-hour concierge.
Upper House is expected to be ready by the fourth quarter of 2018. The architect for Principal Tower is London-based Foster + Partners Ltd.
“With our clients, we wanted to create a mixed-use development for people, not just for those who work, shop and live there. We want the place to be very lively and full of people socialising,” says David Kong partner at Foster + Partners.
This article first appeared in The Edge Property pullout, on May 22, 2015.