Plot of 2.62 acres land Kuala Lumpur

  • $ 553 228 472 265 160 000 ( $ 854 505 717 768 983 937 024 / sq m )
  • Commercial Land For Sale
  • Upfront payment $484 703 255 790 000 000
  • Lot size 12 140.40 sq m
  • Total square 12 140.40 sq m
  • Facing Southeast

Description

Asking:
MYR $ 666,369,319.18
MYR $ 254,339,434.80 / acre
MYR $ 5,838.83 psf

Built Up:
114128 sf
2.62 acres

Listing:
For Sale
Total Disposal

Furnishing:
Non - Furnished
Ready for Commercial Development Asset

Layout:
Landmark features within:
Petronas Twin Tower :300 meters
Mandarin Oriental Hotel:300 meters
Kuala Lumpur Tower :500 meters

Closest hotel include:
Hotel Maya Kuala Lumpur :Neighbour
Concorde Hotel Kuala Lumpur :500 meters
Mandarin Oriental Kuala Lumpur :300 meters
Renaissance Hotel Kuala Lumpur :300 meters

Tourism attractions include:
Malaysian Tourism Center :Opposite
Hard Rock Caf Kuala Lumpur :500 meters
Saloma Theater :50 meters

Type: Land
Non Bumiputera Area

Tenure: Freehold

PRICE :
MYR $ 666,369,319.18
MYR $ 254,339,434.80 / acre
MYR $ 5,838.83 psf

Valuation :
MYR $ 5,585.30 sqft MYR $ 6,885.00 sqft
MYR $ 25,495,668.00 / acre - MYR $ 299,910,600.00 / acre
MYR $ 66,798,650.16 MYR $ 785,765,772.00

Note :
MYR $ 396.32 / sqft lower than average market valuation price
MYR $ 17,263,699.20 / acre lower than average market valuation price
2.39% lower than average market valuation price

State :
2.62 ACRES , NO. 138 , JALAN AMPANG ,
KUALA LUMPUR CITY CENTER,
WILAYAH PERSEKUTUAN KUALA LUMPUR, MALAYSIA

Space oversupply :
The question remains whether Magna Prima’s upcoming project in Jalan Ampang will exacerbate the current oversupply of office space and residential properties in the Kuala Lumpur city centre.
“There is a substantial amount of space in the making in the years ahead. This will add to the existing supply of 110.26 million square feet, which already exhibits an overall occupancy rate of 76.37% for the Klang Valley,” Khong & Jaafar Sdn Bhd managing director Elvin Fernandez says . He points out that according to National Property Information Centre figures for
fourth quarter of 2013, there is a substantial incoming supply of office space in the Klang Valley, to the tune of 17.93million sq ft.
This excludes “planned” space, which will come from the various projects for which development orders have yet to be secured.
“In the face of this set of numbers, new projects will undergo a high
level of competition for tenants in the expanding Klang Valley and this will in turn exert further pressure on rents,” Fernandez argues, adding that a similar scenario is unfolding for serviced apartments and other commercial sub-sectors in the Klang Valley or Greater Kuala Lumpur . An analyst, however, argues that the oversupply of properties would just be a medium-term scenario.
“Malaysia’s economy is expanding. There will be demand for various forms of properties in time to come as long as the country’s economy is on the right growth track,” he explains, adding that Magna Prima’s upcoming mixed-development project in Jalan Ampang could be a major game changer for the company.

Location :
Jalan Ampang , Neighbourhood to KLCC

Luxury Commercial Land :
This Luxury
2.62 ACRES , NO. 138 , JALAN AMPANG ,
KUALA LUMPUR CITY CENTER,
WILAYAH PERSEKUTUAN KUALA LUMPUR, MALAYSIA
is Kuala Lumpur’s signature premium value lifestyle land . Spread
along Jalan Ampang , 300 meter towards Kuala Lumpur City Center ( KLCC ) , this Luxury Commercial Land nestle amidst lush Business and / or commercial landscapes that are enhanced with meandering land transport and big city sculptures.

Currency :
Please note that all proposed and / or quoted price and value of the
property or asset is in Malaysian local currency , Malaysian Ringgit , MYR , as per demanded / expected by the Owner .
Any arrangement and / or communication on the quoted and offered asset or estate deviate / differ from the expected currency , MYR , will 100% and / or absolute Declined and Not Entertained by the Owner or their appointed / assigned lawyer .
Except those estate and / or farm which expected and firmed by the Owner or the appointed / assigned lawyer in using and / or utilizing United States Dollar , USD , the rest shall and should be adhere or comply to Owner / appointed lawyer and / or legal expected and firmed which is in local currency , Malaysian Ringgit

Details

  • View: Town
  • Listing status: Active
  • Available from: Feb 01, 2018
  • Listing #: 11508
  • Lot size: 114128 sf @ 2.62 acres
  • Parking type: Off street
  • Heating System: Gas

Utilities

  • Electricity
  • Gas
  • Sewer
  • Telephone
  • Water

Keywords: based on the analysis and / or consideration on the current and new building or construction within radius of 10 km of kuala lumpur city center ( klcc ) from : 64 new / existing construction approximate sales value : myr $ 16, 432, 346, 768.71 / project / km average sales unit : myr $ 46, 658, 504.57 / project / unit calculate sales land : myr $ 96, 889.72 / project / land sqft estimate land value : myr $ 1, 224.28 / sqft / km evaluation gdv value : myr $ 7, 216.41 / sqft / km forecast profit value : myr $ 88, 449.03 / sqft / km indicate percent value : 8.71% / sqft / km prospect sqft unit : myr $ 4, 373.30 / sqft / km note : this commercial and / or technical offer and proposal is compiled or documented in referring / responding to our whatsap mail message communication monday / may 15th 2017, in responding to the possible and / or potential prime and / or exclusive land and asset in kuala lumpur city center ( klcc ) neighbourhood or surrounding potentially / probably to be acquired .

Map

Address: Menara Chan, 138, Jalan Ampang, Kampung Baru, 50300 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Latitude / Longitude: 3.158788 / 101.707986
Nearest airport Kuala Lumpur International Aiport ( KLIA ) 50 km
Nearest beach Port Dickson 150 km
Nearest ferry port Port Klang Star Cruise Ferry Jetty 80 km
Nearest school Sekolah Kebangsaan Ampang Jaya 5 km

Neighborhood

1 . Putrajaya
2 . Petronas Twin Tower :300 meters
3 . Mandarin Oriental Hotel:300 meters
4 . Kuala Lumpur Tower :500 meters
5 . Taman Tasik Titiwangsa ( Titiwangsa Lake Garden )
6 . Ampang Jaya Sub City
7 . Dataran Merdeka (Independent Square )
8 . Hotel Maya Kuala Lumpur :Neighbour
9 . Concorde Hotel Kuala Lumpur :500 meters
10 . Mandarin Oriental Kuala Lumpur :300 meters
11 . Renaissance Hotel Kuala Lumpur :300 meters
12 . Malaysia Tourist Information Center ( MATIC )
13 . Pusat Perubatan Prince Court ( Prince Court Medical Center )
14 . Aquaria KLCC

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