KUALA LUMPUR (May 11): I-Bhd (KL:IBHD) is rolling out a single-tower freehold integrated development called Wyndham Suites i-City in its flagship 72-acre i-City master plan in Shah Alam, Selangor, this month.

The 55-storey tower comprises the 200-room, five-star Wyndham Suites i-City hotel, which takes up Levels 39 to 55, as well as 312 branded residences from Levels 12 to 38. Both components have similar unit configurations with built-ups of 550 to 865 sq ft. The selling price of the branded residences is RM441,000 to RM719,000, or an average of RM800 psf.

I-Bhd owns the asset, US-based Wyndham Hotels & Resorts will manage the hotel, and the branded residences will be managed by a property management team.

Also in this issue, DK-MY Properties Sdn Bhd is set to launch three projects with a combined gross development value of RM2.8 billion this year. The projects, all in Selangor, are residential developments D’Amber and a yet-to-be-named project in Taman Puchong Intan, as well as a mixed-use development called D’Twist in Bandar Sunway.

Meanwhile, David Teoh, the director of PAB Architecture and honorary treasurer of Pertubuhan Akitek Malaysia (PAM), shares with us the importance of the Urban Redevelopment Act in shaping the future of cities as urban environments require constant maintenance and evolution to meet changing societal needs.

In an email interview, Asia Quest Group announced 95% take-up for the first phase of Kiaramas deDaun, an upscale condominium in Mont’Kiara, and the launch of the second phase this month. The Phase 2 units have built-ups ranging from 1,389 to 4,693 sq ft and are priced between RM1.16 million and RM4.31 million.

Our Singapore counterpart highlights a boutique condo called Hill House hitting a new price high of S$3,420 (RM11,153) psf. A 999-year leasehold condo located on Institution Hill, off River Valley Road in prime District 9, Hill House features 72 residential units with built-ups of 431 to 753 sq ft with an average transacted price of S$3,073 psf since the launch in November 2022.

On the international front, the New York City real estate industry is seeking a law requiring landlords to pay broker fees be blocked. 

Catch all this and more in the May 12 issue of City & Country, out now. 

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