THE US$265mil Four Seasons hotel and apartment complex planned in Kuala Lumpur will price its condominium units at over RM1,000psf.

Although prices have to be set, the units will cost ''in excess of RM1,000 per sq ft'' said S. A. Raju, executive director of Venue Assets, the developer, predicting strong demand due to the project's prime location.

''The Four Seasons is a six-star hotel, it's a different brand altogether. It will definitely be a who's who of Malaysia and the world wanting to book our units,'' he said.

Venus Assets, a Malaysian company, is a joint venture between Singapore hotelier Ong Beng Seng and the Sultan of Selangor.

The joint venture company is applying for permission to build the luxury development on a 2.6-acre plot next to the Petronas Twin Towers.

Ong and his business associates would hold a 65% stake in the project, while Sultan Sharafuddin Idris Shah would own 15% to 20%, Raju said.

Source : The Star 20/09/2005