S'pore firm buys Wisma Goldhill, Jalan Raja Chulan, KL City Centre for US$57.4m

Saturday, June 18, 2011


Singapore-based Eagle Indo has purchased the 36-storey building from Jeddah-based Saudi Economic Development.

Kuala Lumpur: Singapore-based Eagle Indo Pte Ltd has bought Wisma Goldhill office building on Jalan Raja Chulan for an estimated US$57.4 million (RM174.5 million).

The 36-storey building was sold by Jeddah-based Saudi Economic Development Co (Sedco), 11 years after it had acquired it. Sedco had then paid RM115 million for the building.

It is understood that the acquisition was done through a locally incorporated company known as Klang Valley Projects Sdn Bhd.

The new owners are expected to refurbish the building to obtain better yields. The building is now 67 per cent occupied

Wisma Goldhill, which sits within the Golden Triangle, is located next to Menara Boustead and opposite Menara ING. According to sources, the deal for the sale was completed on Wednesday. Attempts to contact real estate adviser DTZ in Malaysia failed. DTZ, in a report from Singapore dated April 2011, said that it had "brokered" the sale between the parties.

Wisma Goldhill, completed in 1993, was developed by Singapore-based Goldhill Group. The building, with a total built-up area of 444,000 sq ft and net lettable area of 270,000 sq ft, has some 270 car park bays. Major tenants at Wisma Goldhill include Bank of America Malaysia Bhd, KAF Discounts Bhd and Thai Airways International.

Meanwhile, Sedco has other interests in Malaysia. It owns 24.58 per cent in Gefung Holdings Bhd via its affiliate Pacific Quest. Gefung is a company which processes, trades and provides contract workmanship of high-quality marble and granite slabs.

Recent commercial transactions within the Golden Triangle in the past year include the sale of Menara Pan Global to Kwong Hing Group. PanGlobal Bhd sold a building located off Jalan P Ramlee for RM160 million.

Another deal that made history, with the highest price per sq ft ever paid for a piece of land in Kuala Lumpur, was the sale of vacant land for RM7,209.80 per sq ft by Millenium & Copthorne Hotels plc.

Urusharta Cemerlang (KL) Sdn Bhd bought a total of 29,127 sq ft of the land on Jalan Bukit Bintang for RM210 million.

By Business Times

POSTED BY KIMBERG AT 10:11 AM
LABELS: OFFICE TOWER

Tradewinds to redevelop Crowne Plaze Hotel and Kompleks Antarabangsa

NST 29 June 2012

KUALA LUMPUR: Tradewinds Corp Bhd (TCB) confirmed today that it will demolish the Crowne Plaza Mutiara Hotel and Kompleks Antarabangsa in Jalan Sultan Ismail to pave the way for a RM6 billion mixed development project.

The company said it will redevelop the 2.8 hectare land on its own, and not via a joint venture as reported previously.

The project comprising grade A+ offices, serviced apartments and retail space, is scheduled to be completed in seven years.

Speaking to reporters after meeting with stakeholders here, its Chief Executive Officer Shaharul Farez Hassan said the project will be funded by bank loans and debt equity, with a ratio of 70:30.

"We are talking with a few banks now," he added. 

Crowne Plaza is a 35-storey hotel with over 500 rooms while Kompleks Antarabangsa is a 21-storey office building. 

The project once completed, will reportedly, be known as the Tradewinds Centre. The hotel will be officially closed on Jan 2, 2013, then demolished by the end of the first quarter.

On compensation to Inter Continental Hotels Group (IHG), the current operator of Crowne Plaza Mutiara Hotel, he said a negotiation will be arranged for this as IHG still have few years to manage the hotel.

"There’s a provision for all the unionised employees in the collective agreement and that is something that we will address together with them and the union. So, normally that is channel that they request us to negotiate and speak to them, collectively. So, that's what we'll do," he added.

Besides this, Shaharul Farez said Tradewinds will also demolish Mutiara Burau Bay Resort in Langkawi to be redeveloped into a new five-star resort.

He said some RM200 million will set aside for the proposed redevelopment, 100 per cent owned by Tradewinds Corp, once completed.

The cabana will be closed in the first quarter of 2013 and ready in three years. Despite the closing of these hotels, he said Tradewinds would still able to secure sufficient revenue from the hotel segment that contributed about 65 per cent to its revenue last year.

"Other hotels will be able to cushion the impact of the closing of several hotels." Tradewinds also owned Hilton Petaling Jaya hotel and Pelangi Beach & Spa Resort Langkawi as well as few other hotels and resorts in Langkawi, Johor, and Pahang. 

On Istana Hotel, he said there is a possibility for redevelopment, but not in the near-term as the Tradewinds Centre and redevelopment of Menara Tun Razak will keep the group busy for a few years. -- BERNAMA

Stable office rentals in KL City Centre

Thursday July 19, 2012

By THOMAS HUONG

huong@thestar.com.my

KUALA LUMPUR: Rental rates for purpose-built offices in Kuala Lumpur were generally stable in the last three years, except for certain suburban and city centre areas which showed an upward trend, according to the 2011 Purpose Built Office Rent Index (PBO-RI) for Federal Territory of Kuala Lumpur. 

 “Looking at the data... the market is still good,” National Property Information Centre (Napic) director Dr Zailan Mohd Isa said at a pre-launch briefing of the 2011 PBO-RI which will be launched today. 

The rent index has four regions, namely Kuala Lumpur City Centre-Golden Triangle (KLCC-GT), Centre Business District (CBD), within city centre (WCC) and suburban. 

According to the rent index, average monthly rentals for purpose-built offices in the WCC region had increased gradually from RM2.92 per sq ft in the first quarter of 2009 to RM3.46 per sq ft in the fourth quarter of 2011. This meant that average monthly office rentals in the WCC region had increased 18.5% over a three-year period. It was also noted that average monthly office rentals in the suburban region had appreciated by 13.2% over a three-year period, rising from RM3.10 per sq ft in the first quarter of 2009 to RM3.51 per sq ft in the fourth quarter of 2011. 

The suburban region includes Bangsar, Bukit Kiara, Damansara Heights, Jalan Pantai Baru, Jalan Istana and Jalan Syed Putra. “Companies may be relocating to the suburban areas,” said Zailan. Meanwhile, although the KLCC-GT region is the most sought after location in the city, average monthly office rentals were stable (a slight rise from RM4.60 per sq ft in the first quarter of 2009 to RM4.66 per sq ft in the fourth quarter of 2011).  However, the CBD region suffered a drop in average monthly office rentals, from RM3.46 per sq ft in the first quarter of 2009 to RM3.27 per sq ft in the fourth quarter of 2011. 

For the entire Kuala Lumpur region under review, average monthly office rentals had increased sightly over a three-year period, from RM3.91 per sq ft in the first quarter of 2009 to RM4.04 per sq ft in the fourth quarter of 2011. The rent index, which will be produced on a quarterly basis, is developed by Valuation and Property Services Department (JPPH), with assistance from Universiti Teknologi Mara (UiTM) and University of Malaya. Zailan said it was the first rent index of its kind in the Asean region. 

“It is based on data from actual rental agreements, and not asking rates.” The rent index defines purpose-built offices as buildings with office use of not less than 75% of net lettable area, and has compiled rental data from 6,831 tenancy leases from 167 buildings. Zailan said the rent index's aim was to provide a guide on current market rentals for investors, and a benchmark for the financial stability of the country. 

“We also want to attract multinational corporations to set up regional headquarters in Kuala Lumpur,” she said. Zailan also said the PBO-RI would be expanded eventually to cover all the major cities and towns in Selangor, followed by Penang and Johor. “Getting data is the most dificult part. We urge all property managers and owners to co-operate with us in providing data.”

Office For Rent in Menara Hap Seng, Jalan P Ramlee, KL City Centre

Menara Hap Seng (previously known as MUI Plaza) on Jalan P Ramlee is a prestigious commercial office building in the Golden Triangle of Kuala Lumpur. Close to the KLCC Twin Towers and KL tower, it is in the buzzing presence of Bukit Bintang. Formerly known as the MUI Plaza, it was acquired by Hap Seng in 2004.

Menara Hap Seng was built in the mid-1970’s. It is situated on freehold land, and has undergone a major facelift to fit into today’s modern design with a new stunning facade and modern interior design. There are 22 floors in this building including the ground floor, but only 21 of these levels are actually corporate suites.

Menara Hap Seng also has a Podium Auditorium & Conference Centre (PACC) which is a boutique conference centre which has an auditorium with a maximum capacity for 300 people. There are also two seminar rooms which can fit under 220 guests, as well as a VIP room. An exhibition gallery is also available on the first floor and the roof garden is also available for rent, which is great for cocktail parties.

There is also a forecourt with water features, landscaping, 3 levels of alfresco dining, retail outlets and more. The functional floor layout is about 13,000 sf per floor. Other than this, there are 6 passenger lifts, a service lift, new air-conditioning system, upgraded fire safety alarms complete with smoke detectors and sprinklers, and 24 hour security and surveillance system. There are also 2 levels of parking, and there are more than 300 car parking bays.

As Menara Hap Seng is on Jalan P Ramlee, and in between Jalan Sultan Ismail and Jalan Raja Chulan, Menara Hap Seng is easily accessible to anyone. All modes of public transportation also service the area, such as the Raja Chulan Monorail or the Bukit Nanas Monorail stations. The nearby vicinity includes the Shangri-La Hotel, IMC Office building, UBN Tower, The Weld, and Hap Seng Star’s Mercedes-Benz Autohaus.

Property Details

Name: Menara Hap Seng (previously known as MUI Plaza)
Address: Jalan P Ramlee, Kuala Lumpur
Completion Date: Mid-1970’s
Type: Commercial Office
Tenure: Freehold
No. of Blocks: 1
No. of Storeys: 22
Built-up: 286,000 sf
Rental: RM6.00 psf

Facilities

Water features
Landscaping
7 lifts (6 passenger, 1 service)
Air-conditioning system
Fire alarm and sprinkler system
24 hour security
Basement parking

The Podium area of Menara Hap Seng is a good fit for the area, as it provides workers both within the building, and close by to enjoy a good meal with colleagues or clients, or just relax with a massage treatment after a hard day’s work. Current tenants include Brussels Beer Cafe, Cigars Lounge, Dessert Bar, Maybank, Starbucks, CIMB, a florist, specialist golf store, and much more. As a result, other prospective businesses will be in good stead with many excellent lifestyle-related tenants around.

As for renting the office space, Menara Hap Seng is an excellent place especially with its modern facelift. Although there are many other office spaces to rent, it is well located and perfect for greeting clients.

Analysis

Formerly known as MUI Plaza, it has revitalised and upgraded itself to the modern looking Menara Hap Seng. As the name suggests, the anchor tenant here is Hap Seng, which moved to its new headquarters in 2004.

As the PACC is in a central area of the city, and is near many of KL’s top hotels such as the Shangri-La, Pacific Regency, and the Crowne Plaza, it is an excellent place to hold conventions or product launches on a smaller scale without having to pay the extreme cost of holding it at the Kuala Lumpur Convention Centre which is also close by.

Office For Rent in UBN Tower, Jalan P Ramlee, KL City Centre

UBN Tower is a mixed residential and business center tower that is located in Jalan P Ramlee. It is situated next to Shangri-La Hotel and just opposite of Concorde Kuala Lumpur.

The size range of UBN Tower is from 1,000 sf to over 6,000 sf for each unit. This applies for the residential building which provides 3 bedrooms, 2 baths, a kitchen area and a dining area.

The area is known as a strategic spot for Central Business District, Jalan Sultan Ismail. It is also surrounded by IMC Tower and Prudential Building and the nearest monorail station is the Bukit Nanas Monorail station. The building also applies centralized air-conditioning and with the basement parking bay connected with Shangri-La Hotel, parking should not be a problem tenants and visitors.

Facilities at UBN Tower such as marketplace, cafeteria, business centers and 24 hour security service are available. The tower gives the view of the KLCC Tower, KL Tower as well as Times Square building. The closest medical center is Tung Shin Hospital that is approximately around twenty minutes drive away.

Families can reside in the residential condominium, which is known as UBN Apartment. There are plenty of primary and secondary school nearby including institutes for higher learning students such as Berjaya Hospitality and Tourism College, SAL College and International Business School. The distance to other entertainment hubs like KLCC and Berjaya Times Square is only a few minutes drive away and public transportation is available all the time around the area.

Property details

Name: UBN Tower
Address: Jalan P. Ramlee, Kuala Lumpur
Tenure: Freehold
Type: Mixed Commercial / Residential
No. of Blocks: 2
No. of Storey: 35
Rental
Office: RM5.00 – RM8.00 psf
Apartment: RM3,000 – RM5,000

Facilities

Swimming pool
Gymnasium
Clubhouse
Sauna
Tennis court
Squash court
24 hour security service

Analysis

UBN Tower is located in the most strategic area in Kuala Lumpur that is close to a lot of other business centers and entertainment hubs. It is a close drive away to other tourist attractions such as KLCC, Berjaya Times Square and Istana Budaya. The National Heart Institute is also a few minutes’ drive away.

Families will be able to live in the area with the available primary and secondary schools and colleges nearby. The location is near Jalan Ampang which will lead to the Federal Highway as well as the new SMART tunnel and NPE Expressway.

Office For Rent in Plaza Atrium, Jalan P Ramlee, KL City Centre

Plaza Atrium was a corporate office tower designed by renowned architect Kenneth Yeang and completed in 1984. The 24-storey building is located next to buildings like Menara Pan Global, Menara SMI and Wisma Kim Seah along Lorong P Ramlee in Kuala Lumpur.

Plaza Atrium can be accessed via Jalan Sultan Ismail and Jalan P Ramlee and turning off into Lorong P Ramlee. It is also surrounded by 4 & 5 star hotels like Shangri-La, Pacific Regency Hotel Suites, Concorde Hotel and shopping malls, The Weld, Life Centre, and of courseKLCC Suria Shopping Mall nearby.

In 2005, an application was made to redevelop and extend the old building. The redevelopment of Plaza Atrium will include 109 service apartment units stretched over 34 floors in an annexed wing. The proposed extension to the original building however, was put on hold in December 2005 following a directive from the Cabinet to the DBKL with regards to service apartments built on commercial land in Kuala Lumpur.

7 different projects around the city were imposed a temporary freeze on development. Lauded by the then hon-sec-general of the National House Buyers Association (HBA), the temporary freeze was helpful as the move would subsequently include service apartments under the Housing Development Act and enjoy its protection for the benefit of home owners.

The current redevelopment of Plaza Atrium is being undertaken by Pinehigh Development, a property investment arm of Orchard Parade Holdings Ltd, based in Singapore.

Property Details

Name: Plaza Atrium
Address: Lorong P Ramlee, 50450 Kuala Lumpur
Developer: Pinehigh Development (Current)
Completion Date: 1982 (original building)
Tenure: Freehold
Type: Mixed development
No. of Units: 109 service apartment units
No. of Storey: 24 + 34 (extension building)
Land Area: 0.52 acres
Rental: RM5.00 psf (previous)

Analysis

Not much is known in terms of the final layout and launch of the redevelopment of Plaza Atrium. A build-then-sell project, Pinehigh is set to reap its reward despite the delay as the building is poised at a strategic location with prospective ROIs for both the office tower and service apartments. With neighboring office tower, Menara Pan Global reaping at least RM5.50psf, the redeveloped Plaza Atrium will definitely fetch a higher rental.

The location of Plaza Atrium is surrounded by many amenities including 2 LRT stations in opposite directions, Bukit Nanas Monorail & Raja Chulan Monorail, just 2-3 minutes drive or 11-12 minutes walk away. Fast food restaurants or fancy cuisine restaurants litter the area that is also known to tourists. The nearest (other) residential property is UBN Apartment, a 24-storey condominium.

Office For Rent in Menara Pan Global, Jalan P Ramlee, KL City Centre

Office To Let in Menara Pan Global

Size: 590 sf – 12,836 sf

Rental: RM3.80 - RM4.20 psf

Call: Max Yong +6012 2868877

Email: klofficefinder@gmail.com

Menara Pan Global is located right in the heart of Kuala Lumpur off Jalan P Ramlee. This is a tall and elegant building you are sure not to miss. It is only 10 minutes from the world renowned KLCC. It is surrounded by many facilities and amenities for convenience.

If you think the outside of the Menara Pan Global looks great, wait till you see what’s inside. It has a wide variety of entertainment services that ensures you are entertained all the time.

One of the most famous night hang out spots at Menara Pan Global is the Luna Chill Out Bar which won the HAPA Regional Best Nightspot for 2 years in a row (2008-2010). Other great spots for hanging out include the Geo Cafe, Soi 23 Fine Thai Restaurant and the Olive Lounge.

In terms of accessibility, Menara Pan Global has easy access to public transport, such as Bukit Nanas / Raja Chulan Monorail stations, and Dang Wangi LRT station.

Property Details

Name: Menara Pan Global
Address: Lorong P Ramlee, Kuala Lumpur
No. of Storey: 38
Built-up: From 590 sf – 12,836 sf
Rental: RM3.80 - RM4.20 psf

Facilities

Pacific Regency hotel suites
Pan Global business centre
Meeting / function rooms
Mini mart / convenience store
Cafeteria
Swimming and wading pools
Gymnasium, jacuzzi and sauna
24-hour security
441 covered parking lots

Analysis

The best thing about Menara Pan Global has to be its location. Located right in the middle of the capital city of Malaysia, Kuala Lumpur, it is surrounded by facilities such as banks and a post office.

Eating is also convenient as there are abundant food courts outside Menara Pan Global, if one wishes to try other food besides the ones available inside it. Near the area is also countless entertainment outlets and a few major shopping complexes, the nearest one being KLCC.

Ironically, the location of Menara Pan Global also serves as one of its drawbacks. Public transport is very convenient however driving a car would prove to be quite troublesome. Since it is in the middle of KL City, traffic jams are very common, hence driving during peak hours is very inadvisable.

Office For Rent in Menara SMI, Jalan P Ramlee, KL City Centre

Office To Let - Menara SMI
Rental: RM3.00 - RM3.50

COntact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Menara SMI is an office tower located in Lorong P Ramlee, Kuala Lumpur. Situated just off the main road of Jalan P Ramlee, the building is slightly tucked away and the back of the tower faces the Bukit Nanas Forest Reserve and KL Tower.

Menara SMI is also sandwiched between Menara Pan Global and AmBank Group Leadership Centre located on the same row. The area is also just 2 minutes away from the main thoroughfare of Jalan Sultan Ismail, which connects right through the city center and is host to many luxury hotels, residences and shopping malls.

The Bukit Nanas Monorail station is a 10 minute walk or 2 minutes drive away, or alternatively, the Raja Chulan Monorail Station in the opposite direction takes about the same amount of time. The nearest shopping mall is The Weld Shopping Center which is within walking distance, while the Petronas Twin Towers and Suria KLCC shopping mall is less than 10 minutes drive away.

Built in the 1980’s Menara SMI is owned by South Malaysia Industries Bhd (SMI) - a property and investment company. The 15th floor is SMI's office headquarters while most of the other floors are tenanted.

Property Details

Name: Menara SMI
Address: Lorong P Ramlee, 50250 Kuala Lumpur
Completion Date: 1980’s
Tenure: Freehold
Type: Commercial
No. of Storey: 15 floors
Rental: From RM3.50

Facilities

Covered parking
24hrs security

Analysis

Rental has maintained since 2007 at about RM3.00 – RM3.50 psf. Tenants in Menara SMI include SMI’s subsidiaries, other property management companies, engineering and trade companies, etc. The neighboring Menara Pan Global which has a lot more facilities and popular restaurants and bars, are rented out from RM3.80 - RM4.20 psf.

The LRT / Monorail stations are close enough for those who prefer public transportation as opposed to the traffic jams that are notorious to KL. Lorong P Ramlee is slightly better as it is off the main road and there are only about 6 office towers down the lane. But it does mean that cars tend to be parked alongside the roads causing a bit of congestion.

The forest reserve behind Menara SMI provides a bit of respite and cool air amidst the concrete jungle of buildings in KL. More is to be expected of the area, as St. Mary Residences, a high-end luxury residential project is being built close by, to be completed in 2012.

Office For Rent in Wisma Nusantara, Jalan P Ramlee, KL City Centre

Office To Let - Wisma Nusantara

Built-up: 733 to 6,364 sf

Rental Price: RM4.00 psf

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma Nusantara is a 15-storey commercial building located alongJalan P Ramlee in KL City Centre. Despite being constructed quite a long time ago, this office building is no doubt located at the most strategic and prime area of Kuala Lumpur, offering great access to various amenities and facilities, be it business activities or leisure activities. 

Wisma Nusantara is located very close to a lot of shopping complexes such as Suria KLCC, BB Plaza, Wilayah Complex, KL Plaza, and The Pavilion. Apart from that, various parks and playgrounds such as ParkKLCC, Small City Park, Dataran Merdeka, Park L Raja Muda, and Padang Merbuk are also within short distance from Wisma Nusantara.

It is also close to numerous interesting places such as Market Square, Times Square Theme Park, Cultural Craft Complex, Shophouses along Jalan Hang Kasturi, National Historical Muzium, Tunku Abdul Rahman Memorial, Butterfly Park, and Islamic Arts Museum.

As for places to dine out, Nouvo, Grand Modesto’s, Hard-rock Cafe, Eden Village, Planet Hollywood, Hakka Restaurant, Seri Melayu Restaurant, and Bon Ton Restaurant are among the many eateries and food outlets found around Wisma Nusantara.

In terms of educational institutions, schools and colleges located near to Wisma Nusantara includeSMK St John, SJK © Nan Kai, SJK © Lai Ming, SJK St John, SMK Convent Bukit Nanas, Rima College, and Olympia College KL Campus.

Thanks to its strategic location, Wisma Nusantara is well connected to major cities and towns such as Cheras, Ampang, and Petaling Jaya, as well as the Kuala Lumpur City Centre (KLCC). It is well served and accessible via major highways and expressways such as the DUKE highway, Kuala Lumpur – Seremban Highway, Ampang KL Elevated Highway (AKLEH), Middle Ring Road 2 (MRR2), and SMART expressway.

Property Details

Name: Wisma Nusantara
Address: Jalan Puncak, Off Jalan P Ramlee, 50250 Kuala Lumpur
Completion Date: Late 1970’s
Type: Commercial Office
No. of Storey: 15
Built-up: 733 to 6,364 sf
Rental Price: RM4.00 psf

Facilities

Covered parking
Cafeteria
24-hour security

Analysis

Being surrounded by several other new and modern commercial buildings, the facade of Wisma Nusantara, which was built in late 1970s appears to be a bit old and worn down. In fact, it is the first building ever built at this part of road of Jalan Puncak.

Office For Rent in Menara Taipan, Jalan P Ramlee, KL City Centre

Menara Taipan (also known as The Taipan) is located onJalan P Ramlee, which is also known as Parry Road, where the nights come alive. Under possession of Taipan Star Sdn Bhd (TSSB), the property is less than 1km away from the significant landmark of Kuala Lumpur - Menara KL.

Other condominiums nearby Menara Taipan are UBN Apartment, Crown Regency, Marc Service Residence, Kirana Residence and Ascott Kuala Lumpur. This serviced apartment cum office building was completed in the year 2006 at a cost of RM100 million.

Menara Taipan consists of an 18-storey office and 25-storey of apartment. The office building consists of units with sizes ranging from 1,700 to 7,000 sf; while the apartment block comprises of 52 units with sizes ranging from 2,000 to 5,610 sf.

Eating is convenient, as a large variation of eateries is within walking distance from Menara Taipan, as well as a food court located at ground and mezzanine floors. Within a 1km radius, there are two shopping centres - The Weld and Suria KLCC.

Jalan P Ramlee, having renowned for its overgrowing population of nightclubs, houses several popular nightspots such as Beach Club, Aloha, Thai Club, Poppy Garden and Rum Jungle.

Menara Taipan is close to a number of schools and education institutions too, which are SJK © Lai Ming, SRK (P) Convent Bukit Nanas, SM (P) Convent Bukit Nanas and Universiti Kuala Lumpur (UniKL).

Property Details

Name: Menara Taipan (also known as The Taipan)
Address: Jalan P Ramlee, 50450 Kuala Lumpur
Developer: Taipan Star Sdn Bhd
Completion Date: 2006
Type: Office & Serviced Apartment
Tenure: Freehold
No. of Blocks: 2
No. of Storey
Office: 18
Apartment: 25
No. of Units
Apartment: 52
Built-up
Office: 1,700 - 7,000 sf
Apartment: 2,000 - 5,610 sf
Launch Price: Building up for sale at an estimated RM306 million
Rental: RM5.00 - RM7.00 psf

Facilities

24-hour security
Cafeteria and restaurant
ATM machines
Centralized air-conditioning system
Broadband Internet services
213 parking bays

Analysis

Menara Taipan is developed by TSSB, under directors of SHL Consolidated Bhd, which is also renting Wisma Sin Heap Lee and Wickham Residence. Although listed in Rahim & Co’s website, it is said that it is no longer involved in the sale of Menara Taipan. It is listed for sale at RM306 million. There were futile attempts to confirm the sale as TSSB refuses to comment on the matter.

Menara Taipan, as a serviced apartment, offers luxury living style and a low density residential as its 25-storey apartment block consists of only 52 units. However, there has been a rave regarding the nightclubs along Jalan P Ramlee, as well as the usual jam-packed roads in the Golden Triangle, thus high levels of noise pollution are inevitable.

Nevertheless, Menara Taipan is nested further from the clubs, the closest ones being the Beach Club and Aloha, hence it does make a conducive environment for both living and working.

Units facing Menara KL can be sold at its highest price. The serviced apartment suggests a comfortable city lifestyle with great convenience, the desire for everyone living within the vicinity, hence it is believed that its selling price would mount tremendously in the future.

However, located within the Golden Triangle, traffic congestion is commonly expected at all times. Nevertheless, Menara Taipan is also highly accessible as affordable public transportation services are provided, for example Bukit Nanas Monorail station and RapidKL LRT Dang Wangi station
.

Office For Rent in Wisma Cosway, Jalan Raja Chulan, KLCC

Office To Let - Wisma Cosway
Size: 1065sf

Rental: RM3700 onwards

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma Cosway is located opposite Pavilion shopping mall and Standard Chartered Bank. The 26-storey office building comes with 4-storey of retail lots plus condominium and suites apartment that has panoramic view of the Kuala Lumpur Petronas Twin Towers. Wisma Cosway is strategically located and accessible through the Jalan Raja Chulan, Jalan Sultan Ismail, Jalan Bukit Bintang, Jalan Conlay and Jalan Tun Razak. 

Property Details

Name: Wisma Cosway

Address: Jalan Raja Chulan, 50150 Kuala Lumpur 

Completion Date: 1979 

Type: Office / Retail / Condominium 

Tenure: Freehold 

No. of Storey: 26 

No. of Bedrooms: 3 / 3+1 

No. of Bathrooms: 2 / 3 

Built-up

a. Office: 1,065 sf 

b. Condominium: 1,500 – 1,954 sf 

Maintenance Fee: RM360 

Subsale Price 

Condominium: RM750,000 onwards 

Rental 

a. Office: RM3,700 onwards 

b. Condominium: RM2,500 onwards 

Facilities 

24-hour security 

Business Centre 

3 passenger lifts 

Retail lots 

Swimming Pool 

Wading Pool 

Club House 

Basement covered parking 

Mini Market 

Restaurants and Cafeteria 

Book store 

24-hours convenience store 

Salon

Office For Rent in Wisma Lim Foo Yong, Jalan Raja Chulan, KL City Centre

Office To Let - Wisma Lim Foo Yong

Size: 1000sf - RM10,000sf

Rental: RM3.50 onwards

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma Lim Foo Yong is a 16-storey office tower wedged in between KL Lodge Hotel and Menara ING on Jalan Raja Chulan, formerly known as Weld Road. On the lower levels, there is a shopping arcade as well as a few amenities, for example various eateries, salon and a dental clinic.

The rental rate at Wisma Lim Foo Yong is within the range of RM3.00 to RM5.00 psf as it is an old building, while newly built towers can go up to RM5.50 to RM 6.50 psf. Office built-up can vary from 900 to 10,000 sf; common office area up for leasing is around 1,000 sf.

Located in the Golden Triangle, Wisma Lim Foo Yong is a stone’s throw away from the landmarks in Kuala Lumpur such as KLCC and Menara KL. It is near to Equatorial Hotel, Pavilion Mall, Istana Hotel, The Weld Shopping Centre and a few blocks of other office buildings.

On the first floor of Wisma Lim Foo Yong is the Marco Polo Restaurant which serves moderately-priced Chinese cuisine and where employees can have a break time at. Workers may also choose to walk to Jalan Alor for cheap hawker foods is barely half a kilometer away.

Wisma Lim Foo Yong is connected to the Raja Chulan Monorail station by Jalan P. Ramlee, the infamous street as a clubbing heaven, and Jalan Sultan Ismail. It is accessible via Lebuhraya Mahameru, Sprint Highway and Ampang-Kuala Lumpur Elevated Highway (AKLEH). The tower also offers monthly parking services charged at RM150 for those who travel by car.

Property Details 

Name: Wisma Lim Foo Yong
Address: No. 86, Jalan Raja Chulan, 50200 Kuala Lumpur
Developer: Lim Foo Yong Holdings
Completion Date: 1960’s
Type: Office Tower
Tenure: Leasehold
No. of Blocks: 1
No. of Storey: 16
Built-up: 900 - 10,000 sf
Rental: RM3.50 psf 

Facilities 

24-hour security 

Centralized air-conditioning system
CCTV
Covered car park
Convenience store
Banking facilities 

Analysis

Wisma Lim Foo Yong is built on the 1960’s, it is quite an ancient but well-kept tower hence the rental rate. As it is built in the Golden Triangle, rest assured that there would be great views of the city's landscape laid outside of the window.

Wisma Lim Foo Yong is conveniently situated near to Raja Chulan Monorail station, thus it is of no doubt that the rental price would be higher than other buildings of its age. Transportation is a seriously considered matter; due to higher ticket prices of the monorail trains, Wisma Lim Foo Yong might discourage low- to medium-income employees with transportation issues.

However, tenants who seek for future investment in Wisma Lim Foo Yong should not have cold feet because of the last remark. The Golden Triangle is a smart place to invest as more people will look for jobs in the city, therefore the rates would gradually elevate in the future.

Office For Rent in Menara ING, Jalan Raja Chulan, KL City Centre

Office To Let - Menara ING
Lot Size: 9,000sf

Rental: RM3.50 psf

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Menara ING is freehold corporate office building situated at Jalan Raja Chulan, Kuala Lumpur. It is sited adjacent to Wisma Lim Foo Yong and Menara MIDF.

Menara ING offers a total let-table area of 194,096sf within the 20-storey tower. There is variety of office units to their tenants with different built up areas. The standard units have built-up areas of approximately 9,000 sf.

It offers facilities like 190 covered parking lots, 24 hours security,CCTV, cafeteria, broadband enabled, telco lines, passenger lifts and centralized air conditioning.

Menara ING is also situated near to banks headquarters such as Menara Affin and Menara AmBank which are within about 5 minutes walking distance. Besides that, it is also within a 10 minutes walking distance to Menara Weld that hosts a supermarket.

There are several education institutions near Menara ING such as In-house Multimedia College, Goethe Institut and Kemayan ATC, all situated within a 1.7km radius from. Tenants can head over to Changkat Bukit Bintang where many restaurants, pubs and cafes are situated to avoid the peak hour jam. It is a great place to hang out and relax after a tiring day's of work.

Menara ING is also within close proximity to shopping centers like Pavilion which is about 7 minutes walk. Pavilion offers a wide variety of amenities such as cinema, supermarket, restaurants and eateries, various retail outlets, cafes and many more.
There are also a few 5-star hotels situated nearby namely Hotel Istana and Novotel Hotel which are located around a 20 minutes drive.

Menara ING is easily accessible via Jalan Raja Chulan and for those who are taking the public transportation can head over to Monorail Raja Chulan and Monorail Bukit Bintang which is located no further than 0.8km.

Property Details

Name: Menara ING
Address: 84, Jalan Raja Chulan, 50200, Kuala Lumpur
Type: Office
Tenure: Freehold
No. of Storey: 20
Built-up: 9,000 sf
Rental: RM3.50 psf 

Facilities 

190 covered parking lots
24 hours security
CCTV
Cafeteria
Broadband enabled
Telco provider: Maxis, Time, Telekom
Centralized air conditioning
Passenger lifts

Analysis

Menara ING is situated at the bustling Kuala Lumpur's Golden Triangle. As it is situated at a prime area in the central business district of Kuala Lumpur, traffic jam is unavoidable as roads leading to and fro from the city centre will be congested during peak hours.

Tower REIT has acquired 151,395 sf and also all the 190 parking lots which is equivalent to 78.3% of the total share unit entitlement of the building. The total area is 100% leased out to INGInsurance. Tower REIT is an associated company of GuocoLand Malaysia (a member of the Hong Leong Group) with 20% interest in Tower REIT.

Office For Rent in Menara Weld, Jalan Raja Chulan, KL City Centre

Office To Ley - Menara Weld (The Weld)
Lot Size: 1,000 - 5,000sf

Rental: RM5.00 - RM6.00 psf

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Menara Weld (also known as The Weld) is a mixed property that consists of a commercial office tower that stands 26 storeys high. 6 of its lower floors are retail and F&B outlets. Located at the intersection of Jalan P Ramlee and Jalan Raja Chulan, it is one of the first few buildings one will notice, as one passes along Jalan Raja Chulan. Other prominent office towers like Menara Affin, Wisma MPL surround Menara Weld. Petrol Stations, hotels, banks and other amenities complete this are situated within the Golden Triangle of KL.

The Weld, as the retail wing is fondly known, was the first full-fledged supermarket in the 1960’s. The bottom 6 floors serve as retail outlets to 35 specialty stores that includes telco companies, pharmacies, fashion outlets, and popular lifestyle cafes like Starbucks and Secret Recipe. The Weld, together with Menara Weld was acquired by Great Eastern Life in 2003 for RM 150 million.

Full control of Menara Weld was only handed over to Great Eastern Life in 2004. Johnson Controls (M) was hired to manage and maintain the building facilities looking after all mechanical and electrical supplies, equipment, janitorial, energy and building automation planning.

Menara Weld has a total letable area of over 135,000 sq ft. There are 450 parking bays that fill the 3 basement levels of the building and 10 passenger lifts to service the all floors.

Property Details

• Name: Menara Weld (also known as The Weld)
• Address: 76, Jalan Raja Chulan, 50200 Kuala Lumpur
• Type: Mixed Property (Office Tower & Retail)
• Tenure: Freehold
• Completion Date: 1960’s
• No. of Storey: 26
• Built-up: 1,000 - 5,000 sf (10,000 sf per floor)
• Total Lettable Area: Over 135,000 sf
• Rental: RM5.00 – RM6.00 psf

Facilities

• 10 passenger lifts
• 2 car park lifts
• 24 hours security
• Centralized air-conditioning system
• 3 levels basement car park (450 parking bays)
• Cafe, restaurants and other F&B outlet
• Shopping mall
• Fire protection system
• Stand-by generator

Analysis

Menara Weld is indeed a cozy business and shopping facility all in one roof. A bustling presence 7 days a week, it is within walking distance to the Raja Chulan Monorail station, and slightly further away, Bukit Nanas Monorail and Dang Wangi LRT Station. Every cab company will know this landmark that is bypassed on its route towards the KLCC or even Bukit Bintang area.

The recent refurbishment and facelift given to Menara Weld in 2006 was a breath of fresh air to the surroundings and much needed upgrade, being a matured building. Rental per sq. ft is compatible to its neighboring office towers. Owned by Great Eastern Life Assurance (M), Menara Weld continues to be a steady force in the KL commercial property.

Office For Rent in Wisma Goldhill, Jalan Raja Chulan, KL City Centre

Office To Let - Wisma Goldhill
Size: 9,600sf onwards

Rental: RM4.50 - RM5.00

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma Goldhill is a commercial office building nestled along Jalan Raja Chulan. It is located nearby Lorong Ceylon, Jalan Nagasari, Jalan Mesui and Jalan Tengah. Buildings nearby are Wisma Lim Foo Yong, Menara ING, Menara Aetna Universal, Menara Boustead and One Residency. 

Wisma Goldhill is surrounded by plenty of commercial buildings, high-end condominiums and amenities. Among residential, hotel, service apartment, inn located nearby are Lodge Hotel, Istana Hotel, Mutiara KL, Equatorial KL, Crowne Plaza Mutiara Hotel Kuala Lumpur, Park Inn Hotel, Fortuna Hotel and Novotel Hydro Majestic.Wisma Goldhill is also a stone’s away from institutions of higher education such as Olympia College KL Campus, SJI KL and Rima College. There are some primary schools and secondary schools nearby such asSJKC Nan Kai, SMK Convent Bukit Nenas, SJKC Lai Ming, SMK St John and SJKC Jalan Imbi.

Wisma Goldhill is easily accessible via Jalan Sultan Ismail and Jalan Ampang. The road is accessible from Ampang Elevated Highway. Alternatively, one can reach the vicinity via KL Monorail, Star LRTand Bus.

Property Details
Name: Wisma Goldhill
Address: Jalan Raja Chulan, 50200 Kuala Lumpur
Type: Corporate Office Building
No. of Storey: 36
Built-up: From 9,600 sf
Rental: RM4.50 – RM5.00 psf

Facilities
Independent air-conditioning temperature control for each zone
Column free office layout
Floor trunking
9 feet ceiling height
24 hrs security system with CCTV
F&B outlets
1 VIP lift & lobby, 9 passenger lifts with 2 lift serving the basement car park
Telcos provider – Telekom, Time & VSDL Broadband
Total 252 covered car park bays

AnalysisWisma Goldhill is just within 1 kilometer away from Emporium and 12 Si. Where one can shop at Bukit Mas Furniture, BB Plaza, KL Plaza, Lot 10, The Pavilion and Star Hill.

Interest attractions which located nearby are Times Square Theme Park, Cultural Craft Complex, Market Square, shophouses along Jalan Hang Kasturi, National Historical Muzium, Tunku Abdul Rahman Memorial, Butterfly Park and Islamic Arts Museum.

Eating places which located nearby are Eden Village, Hakka Restaurant, Planet Hollywood, Nouvo, Grand Modesto’s, Seri Melayu Restaurant, Bon Ton Restaurant and Hard-rock Cafe.

Wisma Goldhill is a popular commercial and financial area of KL city. A variety of sizes office space are available for rental, within walking distance to Jalan Raja Chulan Monorial station, public transportation with excellent amenities.

Office For Rent in Wisma MPL, Jalan Raja Chulan

Office To Let - Wisma MPL

Lot Size: 300 - 14,000 sf

Rental: from RM3.80 psf

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma MPL is a commercial office building nestled along Jalan Raja Chulan. It is also on the the same row as Wisma Boustead, Plaza See Hoy Chan, Wisma Goldhill, and Menara Weld. The office building is just a stone’s throw away Raja Chulan Monorial station.

Located within the central business district, Wisma MPL is surrounded by plenty of commercial buildings, high-end condominiums and amenities. Among residential located nearby are Seri Bukit Ceylon, One Residency, 38 Bidara, and soon to be built St Mary Residences.

Wisma MPL is easily accessible via Jalan Sultan Ismail and Jalan Ampang. The road is accessible from Ampang Elevated Highway. Alternatively, one can reach the vicinity via Raja Chulan Monorial station, or Bukit Bintang Monorail station.

Property Details
Name: Wisma MPL
Address: Jalan Raja Chulan, Kuala Lumpur
Type: Office
No. of Blocks: 1
Land Area: 8,000 sq m
Built-up: 1,600 – 9,000 sf
Rental: RM6.00 psf

Facilities
Covered car park
24-hour security
Internet broadband

Analysis
Wisma MPL is just within 1 kilometer away from Bukit Bintang shopping district, where one can shop at Sungai Wang Plaza, Pavilion, Starhill Galery, and Lot 10. There are also several 5-star hotels nearby, such as Hotel Istana, Equatorial Hotel and Crown Plaza Mutiara.

Office For Rent in Plaza See Hoy Chan, Jalan Raja Chulan

Plaza See Hoy Chan is a commercial office building nestled along Jalan Raja Chulan. It is located nearby Changkat Raja Chulan, Jalan P Ramlee and Jalan Bukit Ceylon. Buildings nearby are Maple Lee Tower, Antara Tower and KWSP.

Plaza See Hoy Chan is surrounded by plenty of commercial buildings, high-end condominiums and amenities. Among residential, hotel, service apartment, inn located nearby are Maple Suite, Pacific Regency,UBN Apartments, Shangri-La Hotel, Park Inn Hotel, Lodge Hotel, Alison Genesis Hotel and Cabana Inn KL.

Plaza See Hoy Chan is also a stone’s away from institutions of higher education such as Olympia College KL Campus, SJI KL and Rima College. There are some primary schools and secondary schools nearby such as SJKC Nan Kai, SMK Convent Bukit Nenas, SMK St John, SJK St John and St Johns Primary School.

Plaza See Hoy Chan is easily accessible via Jalan Sultan Ismail and Jalan Ampang. The road is accessible from Ampang Elevated Highway. Alternatively, one can reach the vicinity via KL Monorail, Star LRT and Bus.

Property Details

Name: Plaza See Hoy Chan
Address: Jalan Raja Chulan, 50200 Kuala Lumpur
Type: Corporate Office Building
Built-up: From 10,000 sf
Rental: RM3.50 psf
Facilities
Covered parking
24 hr security

Analysis

Plaza See Hoy Chan is just within 1 kilometer away from shophouses along Jalan Tun HS Lee, Emporium, 12 Si and Plaza Rakyat. Where one can shop at BB Plaza, Lot 10, Sinar Kota and Low Yat Plaza.

Interest attractions which located nearby are Market Square, Times Square Theme Park, shophouses along Jalan Hang Kasturi, National Historical Muzium, Cultural Craft Complex, Tunku Abdul Rahman Memorial, Butterfly Park and Islamic Arts Museum.

Eating places which located nearby are Nouvo, Hard-rock Cafe, Grand Modesto’s, Eden Village, Hakka Restaurant, Planet Hollywood, Nando’s and Coliseum Cafe.

The location is ideal for corporate office tenants as it is located at golden triangle area, within walking distance to major financial hubs, with cafe and restaurants, public transport and various amenities.

Office For Rent in Menara Aik Hua, Jalan Raja Chulan, KL City Centre

Office To Let - Menara Aik Hua

Built-up: From 1,200 sf 

Rental: RM3.80 - RM4.20 psf 

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Menara Aik Hua is an established and old corporate tower sited along the bustling Jalan Raja Chulan. The building can easily be spotted in between Plaza See Hoy Chan and MCB Plaza, and near to Menara AmBank, Wisma MPL and Seri Bukit Ceylon.

Completed in the 1990s, Menara Aik Hua is wholly owned by Aik Hua Holdings, an investment company initiated and controlled by MCA. This single 22-storey tower hosts lifts, indoor car park, broadband and 24-hour security.

Sited at the edge of Bukit Ceylon, Menara Aik Hua is neighboring several amenities and facilities. In just a 6-minute walk, one can reach rows of chic restaurants and hip bars along Jalan Ceylon such as Havana, Ciccio Ristorante, Ceylon bar, Twenty One kitchen and bar, Pinchos Tapas bar and The Social to name a few. It is also mere minutes to the famous street eateries along Jalan Alor.

Moreover, Menara Aik Hua is approximately 15 minutes walking to Bukit Bintang shopping district that hosts Bukit Bintang Plaza, Sungei Wang Plaza, Lot 10, Pavilion and Fahrenheit 88.

In terms of accessibility, Menara Aik Hua is accessible via Jalan Raja Chulan and Jalan Ceylon. It is within close proximity to Jalan P Ramlee and Jalan Sultan Ismail. If you prefer to use public transport, it is approximately 10 minutes walking to Raja Chulan Monorail Station.

Property Details 

Name: Menara Aik Hua
Address: Jalan Changkat Raja Chulan, 50200 Kuala Lumpur
Developer: Aik Hua Holdings
Completion Date: 1990s
Type: Corporate Office
Tenure: Freehold
No. of Blocks: 1
No. of Storey: 22
Built-up: From 1,200 sf
Rental: RM3.80 - RM4.20 psf 

Facilities 

24-hour security
Cafeteria
Broadband
Telcos facilities
Basement car park 

Analysis

Menara Aik Hua commands the great view of the surrounding greenery of Bukit Nanas Forest Reserve and remaining green pocket of Bukit Ceylon, and unobstructed view of Menara KL which is located just a stone’s throw away from the tower.

As usual, high parking fee is a normal issue for the employees working in the centre of Kuala Lumpur. If you do not mind leaving your car in hot sun and rain, there are 2 open car parks next to Plaza MCB and also opposite Menara Aik Hua which charge about RM5 for a whole day parking.

The rental rate of Menara Aik Hua is quite high considering that it is a very old building. However, you may not find anything lower than this rate in the city centre area but you can definitely opt for newer office towers with the same budget.