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News Updates & Article sharing

The Most Expensive Office Suite in Malaysia

7/25/2018

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Brand... Status... It come with a price... 
Is this Malaysia’s most expensive office suite?

Refer from edgeprop.my
Picture
Colony's Jamestown Suite is possibly the most expensive office suite in Malaysia.
Amid Malaysia’s soft office market, luxury serviced office and co-working space provider Colony Space Asia Sdn Bhd revealed a prototype for its future luxury office suites called Jamestown Suite today.

The company touts it as the most expensive office suite in the country, with monthly rents of RM46.50 psf – or RM10,000 for a 215 sq ft space designed for one occupant.

CBRE | WTW managing director Foo Gee Jen said at RM46.50 psf, it will surpass the average RM15 psf that Menara 3 commands, which is currently the highest in the Kuala Lumpur city centre, possibly even the whole of Malaysia.

However, he stressed that co-working spaces typically have short leases and come with additional features and services.

Indeed, expect amenities such as a fully stocked mini bar, lounge set, flat screen TV, personal butler service and even a Google Home device that acts as your personal assistant by updating you about your daily schedule, turning on the lights or even drawing the curtains in the suite.

"One thing all co-working spaces and serviced offices share in common is that we spend a lot on common areas but the offices themselves where our guests spend the most time are generally basic with just a simple table and chair.

“At Colony we care a lot about our guest experience and that includes the experience they have in their own offices.

“So we're pioneering this new concept which we believe will eventually become the standard of the industry,” said Colony Space Asia founder Timothy Tiah in a statement today, adding that he hopes to pioneer the concept of "workcation" by allowing users to  rent the room for RM300 a day.

Meanwhile, Colony general manager Nitaya Pirinyuang added that a price war has erupted due to higher competition among service providers offering similar-looking spaces.

“Our unique offering and premium market has allowed us to raise rates in the past year and we're constantly looking at ways to increase the value we provide our guests which correspond to higher rates,” said Pirinyuang.

Indeed, it appears to be bucking the trend by charging a premium – higher stock of spaces have pushed vacancies up and pressured rents, with the average gross rent for buildings in the CBD at RM2.26 psf per month, said JLL Property Services (Malaysia) Sdn Bhd in February.

The first Colony co-working space is located in Vipod Residences at Jalan Kia Peng, KLCC.
The company recently launched its second co-working space on July 18 at KL Eco City, on the fringe of Kuala Lumpur. 

​It is expected to open its third location by the end of this year at Q Sentral in KL Sentral and has disclosed RM20 million in funds raised to build spaces since its inception.
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  • Home
  • New Property Launch
    • Best Investment 2022 PJ Damansara Low Risk Low Entry Price High ROI
    • 2022 PJ Rumah Mampu Milik RM270k Damansara
    • Bangsar South 2 Rooms from RM390k BELOW Market Price
    • 10% ROI PJ Project near Ikea and One Utama Mall
    • Mid Valley Seputeh New Launch
    • Pavilion Damansara Heights 柏威年 白沙罗岭 马来西亚 吉隆坡 精选楼盘
    • 马来西亚RM300千的PJ屋子-首购族,年轻人月入3千能买房
    • 2021 Penang Most Awaited Project
    • 2021 New Launch - KL Metropolis
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • Freehold LRT Linked 3 Room Suites in Glenmarie
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • Avara Seputeh (Mid Valley)
    • Project Announcement Registration. Malaysia New Property Launch
  • Existing & Past Project
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • Kiara East Suite Dex
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Best Property Investment Projects in 2018
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Other Professional Services
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Get Professional Advice
  • PJ八打灵2021全新地产项目分析手册