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

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

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. 139, 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.

Details

• Neighborhood
• Living Area
• Lot size
• Square feet
• Property Amenities
• Property Features

• 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
• 2.62 acres
• 2.62 acres
• 114127.2
• Electricity Gas Sewer Telephone Water
• 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