IBN Bukit Bintang

The development is located right at the epicentre of both the Golden Triangle and Central Business District (CBD), placing it minutes away from the iconic Petronas Twin Towers, Kuala Lumpur Tower, and Tun Razak Exchange (TRX). Besides its excellent location and accessibility to public transport, the serviced apartment highlights fully furnished units which are installed with a smart home automation system. IBN Bukit Bintang houses 339 freehold residential units which are an ideal choice for both investment and personal stay due to its dual-key design. As a mixed-use development, the building also accommodates 268 hotel units.

IBN Bukit Bintang is the epitome of luxury sky-rise living designed for urbanites who want to live in a prime location within the heart of Kuala Lumpur. It is perfect for individuals who want the best of the metropolitan high life. From the commercial and business scene to the food and nightlife, IBN Bukit Bintang has everything that the capital city centre has to offer. Unit prices are sold at a price range of RM1,002,514 to RM3,256,000.

IBN Bukit Bintang Location

IBN Bukit Bintang is an absolute commercial epicentre that is located right at the crossroads of the CBD and the Golden Triangle of Kuala Lumpur. The Petronas Twin Towers, Kuala Lumpur Tower, and Tun Razak Exchange are all significant landmarks of the nation’s capital which make up the three points of the Golden Triangle.
Bukit Bintang is a densely populated district thanks to its strategic location as a commercial and entertainment hub. Set for further development under the government’s “Greater Kuala Lumpur” programme, Bukit Bintang would be seeing rising capital growth thus making developments within its vicinity high in capital appreciation.

Bukit Bintang is well-known for being a shopping paradise with its enclave of malls that has attracted many businesses within its vicinity. Hence, Bukit Bintang’s community is large and diverse with approximately 56,000 people consisting mostly of Chinese, followed by Malays, Indians and other ethnicities. Bukit Bintang is occupied by local and foreign tourists all year round who come for its prominent retail stores, night markets, cafes, bars, and street food. Despite its dense neighbourhood, public safety around Bukit Bintang is ensured thanks to regular patrols by police officers. These patrols around the streets of the Golden Triangle are necessary to ward off snatch thieves and robbers who target vulnerable pedestrians. The residence is placed just adjacent to Jalan Bukit Bintang, which is one of the major roads within the Golden Triangle.

This road is home to many of Bukit Bintang’s trademarks such as Low Yat Plaza, Sungei Wang Plaza, Lot 10, and Starhill Gallery. This causes traffic within the vicinity to be extremely heavy during morning and evening rush hours as thousands of people travel in and out for both work and leisure. Traffic during weekends can also be slow-moving due to the influx of shoppers. To ease traffic flow within the city, there are various modes of public transport available for residents to choose from.

Connectivity

Bukit Bintang is well connected to the rest of the Klang Valley via multiple train lines and bus routes. The closest and perhaps most convenient option for residents of IBN Bukit Bintang is the Bukit Bintang MRT station which only requires a two-minute walk. Within close range is the Imbi Monorail station where one can hop onto the Kuala Lumpur monorail line. Located 2.7 km away is the Masjid Jamek LRT station which is another viable option of rail transport which residents can opt to beat traffic. Moreover, there are various buses available to ferry tourists and locals around to various destinations. The Go KL free city bus service operates several routes covering KLCC, Bukit Bintang and Chinatown. It is a popular choice for tourists due to its large coverage and numerous interesting stops along the way. These buses can be easily spotted all around Bukit Bintang due to its signature lilac-coloured exterior.

For residents who prefer driving, connectivity to prominent commercial and iconic properties are within a 2 km linear range. Heading to KLCC via Jalan Ampang, or the KL Tower via Jalan Raja Chulan is very accessible with Jalan Sultan Ismail which cuts through several major roads surrounding IBN Bukit Bintang. Access to the highway is also within reach as the Ampang-Kuala Lumpur Elevated Highway (AKLEH) and Duta-Ulu Kelang Expressway (DUKE) are within a 10 km radius from the development. Furthermore, air travel is made convenient with the Kuala Lumpur International Airport (KLIA) located a 45-minute car ride away.

Convenience

It is impossible to talk about Bukit Bintang without mentioning its numerous shopping malls. In fact, there are more than five mega-sized shopping malls within walking distance from IBN Bukit Bintang. A notable mention is Pavilion Kuala Lumpur that is home to over 450 brands and offers shoppers an integrated fashion and culinary experience. Lot 10 is another mall that is highlighted for its food street named “Lot 10 Hutong”. It is always crowded with hungry customers looking to savour its diverse menu of Hong Kong and Malaysian cuisine. Another attraction of Lot 10 is the Isetan Japanese store that has been dedicated to selling fashionable and unique Japanese products. Other iconic malls within proximity are Fahrenheit 88, Starhill Gallery, Low Yat Plaza, and Berjaya Times Square to name a few.

Bukit Bintang is an absolute haven for shopaholics by day and a gastronomic paradise for foodies by night. Residents of IBN Bukit Bintang cannot miss out on the diverse flavours of Malaysian cuisine offered by the neighbouring Jalan Alor food street. As shopping malls close down for the night, Jalan Alor comes alive with an incredible line-up of hawker stalls and restaurants offering a signature taste of local culinary delights. For the party-goers, Bukit Bintang is also known for its nightlife entertainment as the streets are filled with numerous trendy gastro-pubs, bistros, and clubs offering good food and drinks, as well as a lively ambience.

IBN Bukit Bintang is also well-suited to cater to the educational needs of both local and foreign residents as it is surrounded by top schools with tailor-made enrichment programmes, support classes and full boarding plans for international students. Also, IBN Bukit Bintang is conveniently surrounded by some of the best medical facilities in the world. A five minute-drive is all it takes to reach Prince Court Medical Centre which is hailed as one of the world’s top 10 hospitals for medical tourists. Alternatively, residents requiring medical attention can visit Tung Shin Hospital that is located nearby to the residence.

Prospective residents who are looking for a breath of nature can head to one of the nearby parks, such as KL Forest Eco Park and KLCC Park. Both of these parks are positioned within a distance of 2 km from the residence, making it a convenient destination for residents to carry out recreational activities. Moreover, avid golfers would be pleased to know that the Royal Selangor Golf Club is placed a 10-minute drive away.
Below is a list of amenities one can find around IBN Bukit Bintang:

Shopping

• Lot 10
• Pavilion Kuala Lumpur
• Fahrenheit 88
• Starhill Gallery
• Berjaya Times Square
• Low Yat Plaza
• Sungei Wang Plaza

Education

• Kuala Lumpur Tsun Jin High School
• Victoria Boys’ School
• Nan Kai Chinese Primary School
• Stella Maris Private School
• Fairview International School
• The International School of Kuala Lumpur (SKL) – Ampang Hilir

Hospital and medical facilities

• Tung Shin Hospital
• Prince Court Medical Centre

Leisure and recreation

• Royal Selangor Golf Club
• KLCC Park
• KL Forest Eco Park

IBN Bukit Bintang Floor plan/Storey plan

IBN Bukit Bintang is a masterpiece designed by Singapore’s top three architecture firms and property management teams. Set to be the tallest residence in the whole of Kuala Lumpur, the high-rise comprises 67 floors plus a basement and spans across a whopping 67000 m2 of land. The mixed-use development serves as both a residence and hotel as it contains 339 freehold apartment units for sale and 268 hotel units. All residential units are fully furnished and follow a dual-key design concept whereby each unit consists of a studio unit and an adjacent one-bedroom unit that are joined by a common foyer. The dual-key concept makes IBN Bukit Bintang an appealing choice for homebuyers who are interested in purchasing property for investment purposes. There are nine types of apartment units of varying sizes and layouts for homebuyers to choose from according to their needs and wants.

Type 1 (434 sq. ft.) is the smallest unit offered by the development as it is a standalone studio unit which features a bedroom with an attached bathroom. It has a kitchen, living hall, and dining area that is typical of all the other units. Its cosy size makes it a suitable choice for single homebuyers or couples.

Type 2 (916 sq. ft.) which has three bedrooms and bathrooms follows the dual-key concept. The studio unit houses two bedrooms and bathrooms while the remaining bedroom and bathroom are in the sub-unit. Type 3 (830 sq. ft.) and Type 7 (829 sq. ft.) boasts a similar layout but comes in a slightly smaller size. There is also a Type 3A (856 sq. ft.) available for those who like the Type 3 and Type 7 layout but wish for more space as it is slightly larger than its counterpart. This layout may be desirable for multigenerational households as parents and children can stay in the studio whereas grandparents occupy the subunit or vice versa.

Type 5 (654 sq. ft.) has a similar layout as Type 1 for its studio unit, but with an additional one-bedroom subunit. Type 9 (667 sq. ft.) shares an identical layout but with a slightly larger area. Intermediate between these two units in terms of size is Type 6 (607 sq. ft.) as it possesses the same number of bedrooms and bathrooms but has a smaller spatial capacity. The layouts of Type 5, 6 and 9 are suitable for single homebuyers or couples who wish to rent out the adjacent subunit. As such, residents can reap the benefits of the dual-key concept home without compromising on privacy.

Type 8 (1052 sq. ft.) is the largest unit offered by the development which features four bedrooms and three bathrooms, making it ideal for large families. The studio consists of three bedrooms with one attached bathroom and one shared bathroom. The remaining bedroom and bathroom are located in the sub-unit.

IBN Bukit Bintang Facilities and Amenities

As a high-end apartment, only top-class facilities and amenities are offered by IBN Bukit Bintang. For starters, IBN Bukit Bintang boasts the tallest infinity pool at 250m high, beating that of Marina Bay Sands in Singapore. The residence also has a sky bar, sky spa, sky gym, and a sky garden.

Furthermore, IBN Bukit Bintang offers professional butler service to assist residents’ every need. This includes booking tickets for shows, facilitating family and friends who are visiting, and managing household needs. The professional, trustable and reliable butler service is available upon request via a mobile device.

In addition, IBN Bukit Bintang offers the best of smart living with its serviced apartments integrated with an AI security system and a smart home automation system. This allows owners to access full control over the apartment via a mobile app. For example, homeowners can set a schedule for the home curtain and lighting, monitor the house through CCTV surveillance, and book facilities using the app.
Besides, prospective residents also get to experience the first high-tech valet system in the country that utilises a smart parking infrastructure and a mobile application which provides driverless parking services. Valuable time need not be wasted in hunting for a parking spot with the smart parking facility. Cars parked in the facility also have the option of being sent for maintenance.

List of amenities and facilities of IBN Bukit Bintang:

Seventh floor:

• Swimming pool
• Pool deck
• Sauna room
• Meeting rooms
• Toilet
• Changing room

Sky facilities:

• Sky bar
• Sky spa
• Sky gym
• Sky garden
• Steam room
• Retail and F&B outlets

Analysis

As an emerging development within the Golden Triangle, the developers of IBN Bukit Bintang put high hopes in its prospects of good capital appreciation. According to previous statistics, prime properties within the region have an average capital growth of 20% per annum. Moreover, Bukit Bintang is in the works of being transformed into a flourishing business district after having received RM172 billion worth of investment from the Malaysian Government as part of the “Greater Kuala Lumpur” programme. This would further boost the value of properties within the area, including IBN Bukit Bintang.

The project which has an initial gross development value of RM1 billion is being marketed as one of the most affordable luxury residential homes in Kuala Lumpur. Despite being a late entry into the property market, IBN Bukit Bintang presents several attractive points which enable it to compete with existing luxury apartments within the vibrant district. For instance, its dual-key unit design, accessibility to an extensive transport network, and well-rounded infrastructure make it stand out from the crowd. IBN Bukit Bintang is the ideal residence that fulfils both commercial and residential needs.

Target Market

IBN Bukit Bintang is designed as an affordable smart living serviced apartment that is perfect for homebuyers who want a modern and sophisticated high-rise lifestyle. The development is targeted at families and working professionals from the higher income group who wish to enjoy life in a luxury apartment that is equipped with top-of-the-line facilities. Its location within the commercial and business hub of the city centre makes it a worthy consideration for company executives and business professionals who are looking for an elite SoHo property within the first-class commercial district.

Besides serving its target market of working professionals and families, IBN Bukit Bintang also serves young investors. Its prime location within the CBD and Golden Triangle gives IBN Bukit Bintang a high capital appreciation, thus making it a valuable consideration for individuals interested in property investment. Furthermore, the dual-key design of its units offers a higher rental yield compared to other types of properties. As an example, one can gain income by renting out the larger studio unit to families while also charging a separate rental rate for the smaller unit to working professionals. As a result, homebuyers are able to gain a double rental income.

IBN Bukit Bintang Competitor Analysis

There are plenty of developments located around the vicinity of IBN Bukit Bintang which share the property’s strategic location and accessibility. Three notable residences that are within a five-minute drive radius from IBN Bukit Bintang have been hand-picked for comparison and analysis.

Firstly, there is UBN Apartments which is a condominium project by Shangri-La Hotels. The development consists of a tower that is 24 storeys high and contains 126 freehold units. Similar to IBN Bukit Bintang, the units are fully furnished. It features the typical facilities one would expect from a condominium such as a gymnasium, wading pool, squash and tennis court, and sauna. In contrast to IBN Bukit Bintang, UBN Apartments offers larger units which range from 743 sq. ft. to 2500 sq. ft. It is also the oldest development in the list with the project being completed in 1985. Hence, it has a relatively lower price tag compared to other more recent developments within the vicinity. UBN Apartments offers the cheapest price point of RM735 PSF.

Another neighbouring condominium development worth looking into is The Manhattan developed by United Engineers Limited (UEL). The luxury residence was completed in 2017 and competes within the same market as IBN Bukit Bintang as it poses similar offers in terms of unit size and facilities. The condominium has 129 freehold units with sizes ranging from 588 sq. ft. to 1285 sq. ft. One striking difference is that some units are partially furnished leaving buyers with the choice of personalising the home to their liking. There are 16 loft units on the top two levels which give a panoramic view of the city skyline and the development is also equipped with plenty of in-house facilities. Its relatively larger unit options which are sold at RM1,700 PSF makes it a close competitor to IBN Bukit Bintang.

ViPod Residences @ KLCC has the highest population density in the list of competitors with 39 storeys which hold 417 freehold units. The serviced residence was completed in 2013 by Monoland. Despite being a more mature development, its units are priced at RM2,347 PSF, making it more expensive than IBN Bukit Bintang. The unit sizes are between 653 sq ft. and 1350 sq. ft. and it also comes equipped with facilities like an infinity lap pool, sky deck, sky bar and gym. It is located slightly further away from the core of the Golden Triangle, thus giving IBN Bukit Bintang the winning edge in regards to its prime location within the Golden Triangle and CBN commercial district.

Although some of these developments may offer a cheaper price point or more spacious units compared to IBN Bukit Bintang, they fall short of the range of facilities and convenience offered by its rising competitor. As a revolutionary serviced apartment, IBN Bukit Bintang has state of the art facilities such as automated valet parking and smart home automation system that make it second to none. Coupled with its strategic location, it provides great investment value for individuals who are willing to pay for the best. With the trend of property prices rising annually, IBN Bukit Bintang offers great value for money compared to some of its older competitors. For instance, ViPod Residences has a higher cost per square feet despite being an older development completed in 2013. Hence, IBN Bukit Bintang’s price point of RM2,000 PSF is a more appealing option considering the facilities it offers and its status of being a brand new development.

IBN Bukit Bintang’s Developer: IBN Corp Limited

IBN Corp Limited is a multinational enterprise that aims to develop unique projects which contribute to the economic and social value of communities and partners. The company is involved in project development, trading, property management, services, hotel management, and utilities. However, IBN Corp Limited’s expertise lies in industrial development and operating capital management. Hence, the company focuses on tourism real estate development and construction investment in Southeast Asian countries. IBN Corp Limited has established a regional business hub in Malaysia with various subsidiaries placed locally as well as in China and Singapore to better manage its projects in Southeast Asia.

Among the core projects that the company is responsible for are the IBN Highlands City project in Pahang, the Green City project in Serendah, the Ocean of Love project in Kuantan, Bentong Eco Park in Pahang, and the IBN Bukit Bintang project. Upon completion, IBN Bukit Bintang will be the tallest residential building in Kuala Lumpur, a feather in the company’s cap.