KSK Land launches second tower of KL luxury project 8 Conlay

A luxury mixed-use development in the heart of Kuala Lumpur, 8 Conlay, marks the first foray into property development by Malaysia’s KSK Group Bhd.
“It has been our chairman’s lifelong dream for the company to branch into property development,” says Joanne Kua, CEO of the group. KSK Group, an insurance conglomerate that operates in Malaysia and Thailand, was privatised in 2012 and changed its name from Kurnia Asia Bhd. KSK Group was founded by Kua’s father, Sian Kooi, who is executive chairman of the group.
“We want to position KSK Land as a lifestyle-focused property developer,” says Kua, who is also managing director of KSK Land, the property arm of KSK Group. “We jumped at the chance to develop a luxury residential development on the Jalan Conlay site,” she adds.The site was one of the last pieces of undeveloped freehold land in Kuala Lumpur City Centre (KLCC), the location of Malaysia’s iconic Petronas Twin Towers.
8 Conlay is a luxury branded residential development by Malaysian developer KSK Land (Picture: KSK Land)
The 1,062-unit 8 Conlay, named after its auspicious address at Jalan Conlay, is on schedule to be completed by 2H2020. It has a gross development value of RM5.4 billion ($1.82 billion). KSK Land purchased the 1.6ha site in 2014 from Suasana Simfoni, a 60%-owned subsidiary of Singapore-listed UOL Group, for RM568 million (RM3,299 psf). “When we acquired the site, people asked us why we paid such a high price. But for us, it is the value we can create on the land and what will be developed on it,” says Kua.
YOO8 serviced by Kempinski
8 Conlay comprises three high-rise towers and a nine-storey retail podium. The 62-storey Tower A has 564 branded residential units and the 57-storey Tower B has 498 branded residential units. Both towers will be serviced by Switzerland-based hotel group Kempinski Hotels and designed by UK-based residential and hotel design firm YOO. The third tower will be the 68-storey Kempinski Hotel, featuring 260 rooms and 300 strata- titled hotel suites. The Kempinski Hotel Kuala Lumpur will be Kempinski’s first and only hotel in Malaysia.
The 'Spring' living room design concept by Kelly Hoppen for YOO