Richmond Estellar – A hotel-unit residence dedicated to investment, rising in the heart of Kuala Lumpur

Richmond Estellar is a hotel-style serviced suite developed by Richmond Asia Group with freehold commercial title. Located in the heart of Kuala Lumpur, Bukit Bintang, the single 18-storey tower offers a total of 199 units. Axial Design Architect leads the architectural design, featuring a façade that blends Spanish and Malaysian cultural elements.

This property is a pure commercial project not subject to the Housing Development Act (HDA). Buyers can enjoy stable returns without operational hassle through a full leaseback to the hotel operator. For the first three years, it offers a guaranteed rental return (GRR) of 6.5% annually. After that, it shifts to a profit-sharing model (70% to owner, 30% to operator). The contract term extends up to 30 years (20 years + optional 10-year extension), allowing for long-term income planning.

The units come in five types (A to E), ranging from approximately 30㎡ to 60㎡. All units are interior-designed and fully furnished, with Type E featuring a 9-meter-high ceiling and maisonette layout. Facilities include a gym, swimming pool, rooftop bar, and car park. The hotel operations are managed by Spain’s Barceló Group, which operates over 66,000 rooms across more than 30 countries. This marks the group’s first entry into the Malaysian market.

Key Features:

• Freehold commercial title
• All units are interior-designed and fully furnished
• 6.5% annual GRR + profit-sharing scheme (up to 30 years)
• Not for personal use, fully investment-based hotel unit
• Maintenance fee: RM0.80/sqft + 10% sinking fund
• Car park: 51 bays (for hotel operations)