Marc Service Residence units in KL to be released for sale

CapitaLand’s wholly-owned subsidiary, The Ascott, is releasing limited units of the Marc Service Residence in Kuala Lumpur, Malaysia for sale.

Property consultant DTZ said these units will be sold with tenancy agreements which give the buyer a 6 per cent annual rental return till the end of December 2013.

DTZ added that further extension of the rental return scheme shall be subject to mutual consent.

It expects prices to start from S$388,000 for a fully-furnished 1-bedroom unit.

The luxury development is located at Jalan Pinang in the KLCC neighbourhood of Kuala Lumpur.

The development comprises two 35-storey towers with 637 units ranging from about 470 square feet studios to nearly 6,000 square feet penthouses.

A preview will be held at The Mandarin Oriental on October 16 and 17.

Source : Channel NewsAsia – 15 Oct 2010

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