KUALA LUMPUR (May 18): Berjaya Asset Bhd (KL:BJASSET) on Saturday officially launched Times Square 2, a luxury serviced apartment development located next to Berjaya Times Square in Jalan Imbi, Kuala Lumpur.

At Saturday's official launch ceremony, Tan Tee Ming, executive director of Berjaya Times Square Sdn Bhd (BTS), which is a subsidiary of Berjaya Asset, told the press that the project will be launched over two phases. The first phase, which consists of 375 units, has been 50% sold so far.

”The project will be launched over two phases, the first phase has 375 units and the rest will be launched in the second phase, as soon as the first phase is sold out,” said Tan.

Featuring 629 serviced apartment units in a 41-storey tower, Times Square 2 is designed to complement Berjaya Times Square, which also houses a shopping mall, serviced apartments, an indoor theme park, a hotel and offices.

There will be four layout designs for Times Square 2 with built-ups from 488 sq ft (one bedroom) to 1,356 sq ft (three bedrooms). The selling price for the first phase starts at RM1,500 psf. Some of the facilities provided at Levels 7 and 41 are a 40m infinity pool, sauna room, viewing point, herb garden, barbeque area, pets’ play area, multipurpose hall, playground, garden walk and outdoor gym. In addition, the project will have 15 retail units, inclusive of a rooftop speciality restaurant lot and a drive-through.

Tan highlighted that the residents will enjoy seamless access to public transportation with direct connections to the KL Monorail, LRT and MRT Lines. Moreover, there will be two overhead bridges that will connect Berjaya Times Square and Bukit Bintang City Centre. The project also offers easy access from major highways, including the Maju Expressway (MEX), SMART Tunnel and Setiawangsa-Pantai Expressway (SPE).

Also present at the ceremony was BTS executive director Syed Ali Shahul Hameed, who is also the CEO of Berjaya Land Bhd (KL:BJLAND). He said: “We are excited to unveil our new property, promising exceptional value for exceptional value for investment in a prime location with modern amenities, and attracting pricing. This project carries a GDV (gross development value) of RM625 million, and I am confident that we will sell out by end of this year.”