231TR is a commercial-titled serviced residence located at well... No. 231 Jalan Tun Razak. It's immediate neighbours include the Kuwaiti embassy on one side and the notorious Indonesian embassy on the other side. From the launching date, buyers have seen a capital appreciation of almost 40%. Considering that the developer is bearing interests costs during construction period, this has been a good investment. As though to minimize interests payment, the developer seems to be rushing to complete the project ahead of time. Judging from the picture above, taken on 29th August 2008, it seems well in place to complete by October 2008.
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October 2008 has come and gone... 231TR is still under construction. I think the realistic delivery date would be some time in February 2009.
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