For decades Malaysian property buyers considering an international acquisition have turned to Australia. According to Australia’s Foreign Review Investment Board, Malaysia was the fourth biggest foreign real estate investor in the country during 2014 behind only China, the USA and Canada.
The reasons behind buying Australian real estate are numerous. Some buyers are looking to immigrate to the country and others want a residence for their child while they attend school at some of the country’s renowned educational institutions. There are also property investors from Malaysia who see Australia as the perfect market. Whatever the reason, Malaysian property buyers can’t get enough real estate Down Under.
Luxury projects are among the most popular, however, seemingly every new residential development in Australia uses terms such as five-star living when marketing their project. In order to give buyers something to truly cherish, noted local developer LK Property Group took this concept one step, or should we say star, further with its new Melbourne project Capitol Grand. The development, which is set to feature the tallest landmark building outside of the Melbourne CBD when finished, is the first 6-star luxury residential and retail destination in the city.
The entire project is designed by world renowned architects Bates Smart and features an elegant simplicity that creates an unmistakable vision of beauty. From the moment residents step inside the impressive lobby, they will enter a world of elegant tranquillity that feels like home. There are four unit types at Capitol Grand with each one offering picturesque views and wide-open living spaces.
“Capitol Grand will change the face of Melbourne. We are thrilled to partner with Bates Smart to bring this six-star lifestyle destination to life,” LK Property Group Executive Group Chairman, Larry Kestelman says. “The jaw-dropping views, state-of-the-art exclusive facilities and flagship retail precinct are one of a kind. The exclusivity and sheer luxury of Capitol Grand will set a new benchmark in Australia.”
Other luxurious facilities at Capitol Grand include a state-of-the-art gymnasium, a 25-metre lap pool and gardens designed by Australia’s premier landscape architect Jack Merlo. Residents will have exclusive access to members-only amenities and privileges at the lounge area which will be cut from the same cloth as an international luxury hotel.
There is also a three-storey retail space that will showcase the world’s most desirable brands and will serve as the perfect pairing for the upscale residences.
For more information, please visit: capitolgrand.com