Ritz-Carlton Residences confident of 60% take-up rate by year-end

KUALA LUMPUR: Berjaya Corp Bhd's (BCorp) wholly-owned subsidiary Wangsa Tegap Sdn Bhd, the developer of The Ritz-Carlton Residences, is confident of achieving 60% take-up rate by year-end.
Speaking to reporters at a media briefing today, director Datuk Francis Ng said the take-up rate is already at 30%, with half the buyers being local buyers.
"Now we are confident that the completion is slated in the first quarter of 2017 and I think that seeing is believing so you can come and view the property," he said.
Ng added that the RM2,500 per square foot (psf) selling price for a branded residence is cheap compared with other similar properties in Kuala Lumpur and the region.
Four Seasons (next to KLCC), which is under construction, is priced from RM3,000 psf while Ritz-Carlton Residences in Bangkok, which was recently completed, is priced from US$5,500 psf.
"The ringgit is so low, there's no reason not to buy," he said.