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Faber Imperial Court is an office development in Kuala Lumpur. The project is integrated with Sheraton Imperial Hotel in a 38-storey tower, strategically located on Jalan Sultan Ismail – a prime address with direct connectivity to the city’s central business district and Golden Triangle commercial, shopping and leisure hub via Jalan Raja Laut and Jalan Sultan Ismail.
The project itself comprises 10 levels of office units, for a total of 138,000 sq ft of rentable office space. These offices are spread across Levels 6 to 17 of the integrated tower, with Sheraton Imperial Hotel taking up Levels 21 to 38.
The building’s first five storeys are given over to the entrance lobby, deli cafe, retail outlets, and meeting and banquet rooms, along with facilities such as a restaurant, fitness centre and swimming pool.
It also includes three levels of basement parking, with easy access from to office floors through dedicated elevators, while Levels 18-20 are used for engineering and storage purposes.
Designed to cater to small and medium-size businesses, Faber Imperial Court’s layouts emphasise column-free floors to maximise open spaces for the comfort of tenants and operators.
Other office features include large floor plates, averaging approximately 13,800 square feet of usable space per floor, as well as a building automation system with direct digital control, facilities management system and voice communication capabilities.
Office spaces available for rent include partially furnished units on Level 9 with built-up sizes of 1,172 sq ft, along with suites on Level 10 and 15 with built-up sizes of 3,454 sq ft. Current tenants include prestigious organisations as the High Commission of Sri Lanka and American Malaysian Chamber of Commerce.
Facilities and services in Faber Imperial Court include 24-hour maintenance and security, with washrooms and pantries located in common areas on every level, along with centralised air-conditioning and housekeeping services. Each level has four office elevators and one fireman’s elevator.
Situated in the sub-district of Chow Kit, the integrated tower features excellent connectivity due to its central location in Kuala Lumpur. It is within walking distance to the Medan Tuanku Monorail station, as well as Dang Wangi LRT station in the Kelana Jaya Line, which is just two train stops away from KLCC.
Shopping amenities in the immediate area include Quill City Mall, and tenants can indulge in posh dining after hours at The Row (formerly Heritage Row), a rejuvenated series of shop lots and thriving nightlife hotspot at Jalan Doraisamy, adjacent to the office tower.
Prospective tenants should keep in mind the current oversupply issue facing office spaces in Klang Valley. According to Knight Frank Malaysia’s Real Estate Highlights 2H 2018 report, occupancies in selected sub-office office markets are expected to face pressure in 2019 due to heightened competition from impending and existing office stock, with slight increases in vacancies already seen during 2H 2018.
As such, office operators may leave room for negotiation when it comes to rental, though Faber Imperial Court’s prestigious location and amenities will likely still command higher price points. With other first-class office projects launching in the city centre such as Oxley Towers, TRX, Exchange 106 and Merdeka PNB 118, it’s very much a buyer’s market.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
Faber Imperial Court | 0 | NIL | NIL | NIL | NIL |
JKG Tower | 2017 | NIL | From RM16,500 | NIL | NIL |
Menara Public Bank 2 | 2017 | NIL | From RM33,000 | NIL | NIL |
Plaza Haji Taib | 2016 | From RM800,000 | From RM1,500 | NIL | NIL |
Summer Suites | 2015 |
RM410,000
-
RM1,100,000
RM 652 psf - RM 1,511 psf |
RM140 - RM140 | NIL | 412.95 % |
Aurora Tower | 2015 |
RM520,000
-
RM650,000
RM 575 psf - RM 586 psf |
RM1,500 - RM1,500 | NIL | 3.69 % |
Menara Centara | Oct 2014 | RM499,400 - RM2,652,500 | From RM2,400 | NIL | NIL |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | RM 848 psf | - | RM 1,937 psf |
500 - 1,000 SQ. FT | RM 816 psf | - | RM 748 psf |
1,000 - 1,500 SQ. FT | RM 621 psf | - | RM 626 psf |
1,500 - 2,500 SQ. FT | RM 625 psf | - | RM 15,425,000 psf |
2,500 - 4,000 SQ. FT | RM 607 psf | - | RM 170 psf |
4,000 SQ. FT and above | RM 538 psf | - | RM 300 psf |
Note:
Down Payment (10%) | RM 50,000 |
Loan Amount ( 90 %) | RM 450,000 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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