The problem in KL now is:

WE HAVE RICH INVESTORS, BUT VERY FEW RICH TENANTS.

Properties can be sold, developers clean hand. But we need to encourage those local people (especially those from outstation) to rent and willing to pay if they cannot really afford a home afterall.

Malaysian tenants always bargain bargain to max. And many just don't want to pay on home, but rather spend big on cars.

Another today I met a KLCC investor who share between buying KLCC (rent to foreigner but few) vs Setapak Suburban (rent to many many random locals).

Upper-income foreigners are scarce so KLCC rentability abit susah but their rentals are good profit and paid on-time. Setapak too many agent calls with potential tenants, but most locals CANNOT pay rent ON-TIME - turned him off how to chase them every time.

KL Eco City wins hands down.

- is an integrated development with offices and hotels etc. Some of the offices have confirmed tenants based on strata-titled units sold enbloc.

- two stops away from KL Sentral targeting all potential people of KL CBD.

- Connected with LRT/KTM rail transportation. MRT circle line is 90% coming here, future monorail extension, the proposed Pantai BRT (bus) and a future river catamaran for river of life project.

- the most successful shopping mall integrated development is next door. a shopping mall there will welcome Gucci and Hermes soon, after having LV and Burberry for some time now.

- itself has a shopping mall for convenience

- built by largest developer S P Setia; designed by world famous Jerde

- strategically located off Federal Highway, midway between Damansara/PJ to KL city and to Cheras

- existing competitors are like Bangsar South and KL Gateway. More tourist attractions and high end projects coming into this area... including the upcoming Old Klang Road area, the IJM-Amona Pantai integrated city project, Setia Tropeaks in Seputeh and a proposed broadcasting hub Mediapolis for KL.

This post has been edited by accetera: Jan 20 2013, 05:03 AM

awesome pics taken from SSC... but nvm since forumer is also member there... hahaha

2 possibilities:

- Traditional shoppers/driving: The thing about this place is bascially just the "spill over" from big magnet = Mid Valley City (Megamall+The Gardens).
- The new traffic flow: And in the future, I foresee more people take MRT/LRT/KTM... and the best part is before they walk and reach Mid Valley City, they need to go through this Mall first.

So their tenant profile is very important... they might be looking into alot of F&B to cater to the population within KL Eco itself. Besides that, the concept of gourmet supermarket can also do well here, ala something like BIG in Publika or an international one like Dean & DeLuca (refer Bangkok). This smaller niche mall also can do some attractions... perhaps an ice-skating rink for KL.

To see how big is that area... sorry guys, if you dont mind some latest pics of that area:




Thanks dengilo

Wah the river reminds me of lao sai...

The ROL got cover Mid Valley area?

KL Eco City
contributed by UjaiDidida from skyscrapercity malaysia

Enjoy!



MRT Construction Site, Bangsar. by Nadly Aizat, on Flickr

Old Klang Road is now close to RM1,200 psf. Old buildings being refurbished.

Mid Valley is an exceptional place where the existing hotels and serviced residences are doing well at high rental prices.

You'll be surprised there are quite a number of MNCs here, alot of outstation Malaysians/Sarawkian gathering point (haha) and alot of Singaporean tourists here. All-in-all, it seems to be the "hub" of things.

Some Mid Valley City Office Tenants At The Moment (some parts are MSC Cybercentre) :

IGB Corporation and Tan & Tan Development
RAM Holdings Bhd (Credit Rating) - The Gardens South Tower and The Boulevard
Cagamas Berhad (National Mortgage Corporation) - The Gardens North Tower
Catcha Media Bhd (including its group members such as iProperty.Com Group in Malaysia and Dealmates.Com) - The Boulevard
Pantai Holdings Bhd (A member of IHH Healthcare Bhd) - The Gardens South Tower
Wah Seong Corporation Bhd - The Gardens North Tower and The Boulevard

Accenture Malaysia - The Gardens North Tower ---> one of our largest IT solutions consulting firm
Alcatel-Lucent Malaysia - The Gardens South Tower
APL-NOL Regional Administration Centre (Neptune Orient Line) - Menara IGB
Baker & McKenzie Malaysia - The Gardens South Tower
Bates Malaysia Advertising Agency - Menara IGB
Baxter Healthcare Malaysia - The Gardens South Tower
BHP Biliton Petroleum and BHP Biliton Shared Services Centre - The Gardens North Tower
CPA Australia Malaysia Office - The Gardens South Tower
Exact Southeast Asia - Northpoint Office
Groupe DANONE Dumex Malaysia - The Gardens South Tower
IMERYS Malaysia - Menara IGB
Knight Frank Malaysia - Menara IGB
Kofax Malaysia - The Gardens South Tower
Manpower Malaysia - Centrepoint South
Mapletree Investments Malaysia - Northpoint Office
Murata Electronics Malaysia - Menara IGB
NEC Corporation Malaysia - The Gardens North Tower
Neville-Clarke International Regional HQ - Centrepoint South
NorthgateArinso Malaysia - The Gardens North Tower
Omya AG Asia-Pacific Regional HQ - The Gardens North Tower
Oracle Corporation Malaysia - The Gardens North Tower
Singapore Press Holdings Malaysia Group of Companies - The Gardens South Tower
SKK Malaysia (Shikoku Kaken Industry) - Centrepoint South
SONY Malaysia - Centrepoint South
Steelcase Malaysia - The Gardens South Tower
STMicroelectronics Malaysia - The Gardens North Tower
Toshiba Electronics Kuala Lumpur Representative Office - The Boulevard
Tricor Services Malaysia - The Gardens North Tower ---> one of our largest corporate services firm
UHY International Accounting Firm - The Gardens South Tower
Ventyx Shared Services (part of Swiss conglomerate ABB) - The Gardens North Tower
Volvo Car Corporation Malaysia - Menara IGB

...and many many more hundreds of local and foreign companies are based at Mid Valley City

This post has been edited by accetera: Jun 16 2013, 05:14 PM

KL Eco City upped the game?

TWG TEA SALON is opening an outlet in Mid Valley City

KL Eco City
by propertytalk & lifestyle malaysia

Setia Hotel & Residences should be looking at about RM1,400 psf.

It is a high income place now. And it is already proven on this day and the future prospect seems good.

In the meantime this is Southpoint or Mid Valley Phase 3 which is under construction.


Commanding the southern end of an active dining boulevard this new 60-storey office tower represents the final piece in the highly successful Mid Valley development. Inspired by the incised trunks of the rubber plantations each of its three curved faces is different, having been tailored to the intensity of sunlight that will be incident upon it. The slender horizontal lines of the aluminium fins are complimented by the sweeping white gossamer screens of glass, etched with geometric patterns. Providing over 80,000 sq m of prime office space, the towers sits atop a prow-shaped podium containing restaurants, roof gardens and a panoramic prestige car showroom that arrays its contents in full view of the elevated road that wraps the site.
http://www.civicarts.com/


http://www.civicarts.com

The good side is there is already LRT and KTM.

IJM Land is lobbying hard for Pantai Sentral Park MRT.

This project with or without MRT will still be hot.

Ireka is the super structure contractor.

Biz as usual for SP.