Fahrenheit 88

Fahrenheit 88 (formerly known as KL Plaza) is a shopping complex cum serviced apartment nestled along Jalan Bukit Bintang, Bukit Bintang, the financial, commercial and business hub of KL city centre. The shopping complex will consists of 300,000 square feet of lettable area that fits 280 retail spaces which are spread over 5 levels of zoned shopping space. The mall is served by 600 car park bays. Among the stores within Fahrenheit 88 are Charles & Keith, Uniqlo (anchor tenant), Chapter 8, Ge, Love Avenue, California Pizza Kitchen, Gelato Fruity and O’Coffee Club. Nestled in Kuala Lumpur's Golden Triangle, KL Plaza is surrounded by 5-star amenities. It neighbors numerous prime shopping centers namely Pavilion, Lot 10, Starhill Gallery, Sungei Wang Plaza and Berjaya Times Square. Those entire complexes can be reached within 10 to 20 minutes of walking distance. Not only that, it is within close proximity to Petronas Twin Towers and KLCC. There are schools and public transportation nearby as well. Just a 10 minute of walking, you could reach Monorail Bukit Bintang (0.41km), Monorail Raja Chulan (0.22km), Rapid KLCC (0.78km) and Monorail Bukit Nanas (0.81km) and while for schools, there are SJK © Lai Ming (0.75km), SJK © Nan Kai (0.92km), Olympia College KL (1.09km) and SRK (P) Convent Bukit Nanas (1.11km).

Property Details

Name: Fahrenheit 88 (formerly known as KL Plaza)

Address: Bukit Bintang, Kuala Lumpur

Developer: Kuala Lumpur Pavilion Sdn Bhd

Completion Date: August 8, 2010

Type: Shopping Mall & Condominium

Tenure: Freehold

No. of Bedrooms: 3

No. of Bathrooms: 2

Built-up: From 1,164 sf

Launch Price: From RM700 psf

Rental:

Facilities

Business Centre

Gymnasium

Sauna

Swimming Pool

24hr Security

Covered Parking

Analysis

Formerly owned and managed by Berjaya Group, the building was disposed to the Pavilion group for a total consideration of RM470 million – RM426 million for the 5-storey shopping podium and RM45 million for the service apartments. The renovation works are reportedly costing RM100 million. Future development plan is an underground bridge linking Fahrenheit 88 to the Pavilion shopping mall. According to the CEO of retail, Pavilion KL, Joyce Yap, Fahrenheit 88 is positioned to become a mid-range shopping centre, and complements other shopping complexes in the area which caters hip and young crowds, unlike Pavilion KL that caters high-end market. Somehow, everyone knows that the traffic in the city is quite pack and busy and it makes a little bit of problem to residents that have family to send their kids to school. Therefore, there are other options can be used as well as using public transportation such as Monorail, Rapid KL or LRT.