Oxley Towers KLCC to alter Kuala Lumpur's skyline Singapore developer Oxley Holdings is intending to develop a mixed-use boost Kuala Lumpur, near to the Petronas Twin Towers. It will comprise two six-star hotels, a shopping mall, offices and luxury serviced apartments. Oxley Towers will comprise two six-star hotels, a shopping center, offices and luxury serviced apartments. In an investment of RM3.5 billion (S$1.35 billion), construction develop the project is required to start later this season. Costs three hundred dollars around US$925 psf (S$1,153), the apartments may even see significant appreciation potential considering the building’s unique structure and placement. PRIME LOCATION: Developer plans 2 six-star hotels, serviced apartments, retail mall and customised offices SINGAPORE-listed Oxley Holdings Ltd is organizing a RM3.5 billion first-of-its-kind mixeduse project here called Oxley Towers. Oxley towers kl floor plan will feature two six-star hotels in addition to posh serviced apartments, a market retail mall and multimedia super corridor (MSC)-status custom-built offices, sources said. The work is using a 1.4ha freehold tract at the Petronas Twin Towers. The land was acquired by Oxley had to have RM450 million, or a record RM3,300 per sq . ft ., last November. The project will likely be done by its subsidiary Oxley Holdings (Malaysia) Sdn Bhd, that is headed by its new chief executive officer Datuk Othman Omar. The sources said the project has gotten the approval to begin with development along with the launch will need set up another or fourth quarter with this year. Reported by them, the gross development cost for the project is going to be around RM1 billion to RM1.5 billion. The sources said Oxley Malaysia will appoint international operators from either Japan or the United states of america to perform the mall. For that two hotels, the business will seek international operators from your Us as well as the Middle East, that will function in Malaysia the first time, the sources added. “Oxley Malaysia intends to keep the two hotels and mall for recurring income. However, if you will find a good offer in the operators, the business will likely not hesitate to offer,” one of several sources said. The short stay serviced apartments along with the offices will probably be marketed worldwide. Oxley Malaysia aims selling 70 percentage of your properties to foreign buyers and also the rest to locals, the original source said. “The average launch price for the short stay serviced apartments will likely be around RM3,000 per square feet. This company is bullish on sales as a result of its location as well as building and development structure.