KLCC land values

KLCC reported land values transactions

Deals & Date’s Reported. US$1=RM3.65

April 14th 2015 | RM 3188/- PSF | French Embassy Land sold | MRCB
April 8th 2015 | RM 3318/- PSF | MRCB wins deal to buy German Embassy land
October 4th 2014 | RM 3300/- PSF | Land Dynamics; Are Land Prices too High?

 

Deals & Date’s Reported. US$1=RM3.30

October 24th 2013 | RM 2865/- PSFI-Berhad acquires land in KL
August 15th 2013 | RM3325/- PSFLoke Wan Yat sells properties, KLCC Prime Land
April 27th 2012 |RM3300/- PSF    | Mulpha Sells Jalan Sultan Ismail Land for RM3300psf
June 24th 2011  | RM1600/- PSF    | Singapore’s Healthway snaps up land near KLCC
Sep 21st 2010    | RM7209/- PSF |  | RHB Maintains overweight on the property sector
May 7th 2010    | RM2200/- PSF | Kuok company sells KLCC land for RM150m
Dec 11th 2009  | RM2000/- PSF | Ireka buys KLCC land from Kuok family
April 6th 2009   | RM2588/- PSF | KLCC area is still a hot spot

Lately, global investors are waking up to the value of prime property values, especially, here in Malaysia, where land prices are still traded based on land size and not plot ratio sizes, as its done, in Singapore, Hong Kong, China, with Jakarta and Manila, bucking similar trends. The numerous reported large transactions within the KLCC {Kuala Lumpur City Center} vicinity reflect this trend is slowly catching up and investors are willing to bid up to RM 7700/-psf as in the case of Bukit Bintang, as the saying goes, if the buyer is willing to pay more, make him pay. Most Condo units build on KLCC land are launched at RM1200-RM1500 PSF today and remain a competitive buy as long as per plot values are traded at a relative discount to selling prices, in KLCC, its approximately RM350/-or so on a per plot ratio basis and on the last remaining parcels of Freehold land.

Judging from the trends, we can clearly see prices have began a gradual {not steep} uptrend and trading has now extended into purchasing older buildings and demolishing them for re-developments.  This trend is highly positive and demonstrates that the secondary market trading has started to gain momentum as such, KLCC should continue to offer prime property investors with strong asset stability and continues to demand attention.

Additional Forecasts Reports & News.
Date Reported
Aug 22nd 2012 | RM 3300/- PSF Mulpha sold Jalan Sultan Ismail Land @ RM3,300psf
Jan 10th 2013 | RM2500/- PSF  More branded residences to breach RM2,000 per sq ft?
Feb 12th 2013 | RM1500/- PSF {CONDO;Jalan Raja Chulan} The Manhattan @ KLCC
April 19th 2013 | RM 5000/- PSF RM5,000 per sq ft for a KLCC penthouse? – RED – NST
April 23 2013 | RM 3026/- PSF {CONDO;PENTHOUSE} New Record for KLCC Property Prices
May 10th 2013 RM3500/- PSF ASKING; Dijaya said to be selling prime city centre plot
May 29th 2013 | RM2500/- PSF Mah Sing buys more land

WTW PROPERTY INDUSTRY REPORT CARD h1 – 2012 {PDF}
KLANG VALLEY HOSPITALITY MARKET H2 – 2012 {PDF}

20/06/2013  KPMG: Malaysia positioned for significant growth in H2

** Redevelopment/ New Property Development Reports

Yap Kwan Seng, New Development, Launch Schedule 3rd Qtr 2013
– KLCC awaits RM1.8b mixed project

The project sited on a 1.74ha land at the corner of Jalan Mayang and Jalan Yap Kwan Seng, will be undertaken by Alpine Return Sdn Bhd, a 50:50 joint venture with United Malayan Land Bhd (UMLand). It will likely take six years to complete.
** Private Launch ongoing { View PDF 24MB }

March 21, 2013 | E&O to develop The Mews at Jln Yap Kwan Seng with Japanese property giant
KUALA LUMPUR: Property developer Eastern & Oriental Bhd (E&O) is looking to expand to Japan as part of a long-term overseas expansion plan, according to deputy managing director Eric Chan.

“We want to establish ourselves regionally,” Chan said at the signing ceremony of the company’s latest project, a 51%-49% joint venture with Mitsui Fudosan Residential Co Ltd (Mitsui Residential) to develop The Mews Serviced Residences at Jalan Yap Kwan Seng in Kuala Lumpur.

Please note; This information on this page, is simply an ongoing process, as more price informing reports are discovered, We shall be adding/editing/ such information as a medium for price analysis.