Inovatif

Tag: luxury

  • Conlay Signature Suites by E&O offers move-in ready luxury

    Conlay Signature Suites by E&O offers move-in ready luxury

    Eastern & Oriental Berhad (E&O), in partnership with Japan’s leading real estate company, Mitsui Fudosan Group, has officially launched Conlay Signature Suites, the second and final phase of its landmark Conlay development.

    Developed on 1.44 acres of freehold land, the project comprises two phases, with the initial phase titled Conlay Residences and the higher second phase, Conlay Signature Suites. The development is positioned across the uppermost floors of the 51-storey tower, offering discerning buyers a refined collection of 194 residences, with built-ups ranging from 635 to 3,617 square feet, in 1-bedroom to 3+1-bedroom penthouse configurations.

    Priced between RM 1.52 million to RM 12 million, each unit is designed to take full advantage of unobstructed city views, golf course view and is fitted with premium finishes, exclusive fittings, and spacious layouts suited for modern cosmopolitan living. Under a build-and-sell concept, the Conlay Signature Suites are delivered fully furnished and in move-in condition to ensure a seamless ownership experience.

    Kok Tuck Cheong, Managing Director of E&O Berhad said, “The Conlay Signature Suites represent the culmination of our vision for the project, an elevated lifestyle offering, in every sense of the word. This launch reaffirms our belief that there is still strong appetite in the market for well-located, thoughtfully designed homes that offer not just quality, but distinction”.

    Crafted by the internationally acclaimed Kerry Hill Architects, in partnership with award winning GDP Architects and with landscape design by Seksan Design, Conlay by E&O has a Gross Development Value (GDV) of RM 968 million and combines timeless resort-inspired design with urban sophistication.

    Market response to Conlay by E&O has been encouraging. To date, Conlay Residences has been fully sold, while the newly introduced Signature Suites has already recorded a 40% take-up since its soft launch in May this year. This reflects sustained demand for well-conceived, high-end residences in Kuala Lumpur’s city centre.

    Mr Masayoshi Saito, Managing Director of Mitsui Fudosan (Asia) Malaysia, added, “We take great pride in joining forces with E&O to bring Conlay to life, a project that exemplifies our shared dedication to delivering sophisticated urban living experiences.”

    “This partnership combines Mitsui Fudosan’s global vision with E&O’s strong heritage in hospitality and design, creating a truly iconic address for discerning buyers in Kuala Lumpur” he said.

    The Conlay by E&O is supported by an extensive suite of lifestyle and wellness facilities spread across Levels 11 and 36, including heated infinity pools, gymnasiums, themed communal spaces, a library, billiard and music rooms, and sky dining. A dedicated lifestyle and F&B level on the 50th floor further elevates the living experience.

    Residents will also enjoy 24-hour on-demand concierge services, which includes access to a personal chef for private dinners, housekeeping, food and newspaper delivery, pre-arrival shopping, car hires, and basic unit maintenance services.

    Kok added that a premier F&B brand is expected to open on Level 50 in the coming months.
    To reflect E&O’s commitment to creating developments that are both luxurious and responsible, this project has received provisional GreenRE Gold certification. The project incorporates extensive sustainability measures throughout its design and construction, including energy-efficient fittings, natural ventilation systems, and environmentally certified materials.

    Located within easy walking distance from the Conlay MRT station, the development enjoys seamless connectivity to Kuala Lumpur’s premier shopping and lifestyle precincts including Pavilion Kuala Lumpur, Bukit Bintang and KLCC.

    “Every detail of the Signature Suites is inspired by our commitment to hospitality and craftsmanship. We believe the Conlay Signature Suites will appeal to those seeking both legacy and lifestyle,” said Kok.

  • De Beers Group confirms diamond partnership for the next generation

    De Beers Group confirms diamond partnership for the next generation

    The Government of the Republic of Botswana (the “Government of Botswana”) and De Beers Group (“De Beers”) announce new agreements for a 10-year Sales Agreement (further extendable by five years) and a 25-year extension of the Mining Licences (from 2029 through to 2054) for the 50:50 Debswana mining joint venture.

    Honourable Bogolo Joy Kenewendo, Minister of Minerals and Energy for Botswana, said, “We are proud to announce the signing of this landmark new agreement, which will underpin the success of our diamond industry as we enter an exciting new phase of Botswana’s sustainable economic development. We hope that these agreements will bring some level of stability and rebuild market confidence in the diamond industry. We are looking forward to our renewed partnership with De Beers; together we will drive development through diamonds and build a brighter future for Batswana.”

    Al Cook, Chief Executive Officer of De Beers Group, said: “These are groundbreaking agreements. The half-century partnership between the Government of Botswana and De Beers is considered the greatest public-private partnership in the world. Now we are both extending and improving it. For De Beers, it is a privilege to secure our ongoing participation in the world’s greatest diamond resources for decades to come. I am also extremely proud that through the Diamonds for Development Fund, we can further transform opportunities for the people of the world’s leading diamond country.”

    In summary, the formal agreements represent:

    • A 25-year extension of the Debswana mining licences from August 2029 to July 2054. This will enable the Debswana joint venture to deliver long-term value from its existing mining assets and mine life extension projects beyond the current mining licence period. Mine life extension projects include Jwaneng Cut-9, Jwaneng Underground and Orapa Cut-3.
    • A renewed 10-year Sales Agreement for Debswana’s rough diamond production, with a further five-year extension period where certain criteria are met. Under the renewed Sales Agreement, the Government of Botswana’s rough diamond sales company, Okavango Diamond Company (“ODC”), will sell 30% and De Beers will sell 70% of Debswana’s production for the first five years; for the subsequent five years ODC will sell 40% and De Beers will sell 60% of Debswana’s production; and both parties will sell a 50% share for the five-year extension period. As part of this arrangement, De Beers and ODC have also both committed to supply diamonds for beneficiation in Botswana in line with their share of Debswana supply.

    In addition, a transformational package of commitments focused on supporting Botswana’s economic development objectives and advancement of the diamond industry has been agreed, including:

    • The creation of the Diamonds for Development Fund to support economic growth, diversification and jobs in Botswana in line with Botswana’s Vision 2036 and National Development Plan. De Beers has committed to an upfront investment of BWP 1 billion (c. $75 million) and further annual contributions from its dividends from Debswana, based on Debswana’s performance.
    • A package of initiatives to be undertaken by De Beers designed to enhance local beneficiation of diamonds and increase participation of the people of Botswana in the diamond industry. These include investment in a diamond jewellery manufacturing facility, establishment of a De Beers Institute of Diamonds grading laboratory and starting up a diamond vocational training institute in collaboration with industry partners.
    • Co-investment by the Government of Botswana and De Beers in marketing initiatives to boost diamond demand. The marketing investments will be for category and other marketing programmes, agreed annually, aimed at stimulating rough diamond sales, protecting the ethical integrity of diamonds, and to maintain and build consumer confidence in the product. De Beers and the Government of Botswana have committed to co-invest over the life of the Sales Agreement and in proportion to their relative shares of Debswana supply.