I have been having some chats with various bankers, developers and investors out there. In fact, some of them actually reads my blog here LOL and they requested me to come out with a post - with some developments to look out for or on-the-watch. I thought about it - took some drives here and there... and then I thought, yup - I would do this post. The below are 10 developments to look out for in Klang Valley right now. Some are still in proposal stage, some are already under construction.
Note: This is not a recommendation/suggestion to go purchase a unit at these development.
Empire Damansara, Damansara Perdana
- Developed by perhaps, the most aggressive developer at the moment, the Mammoth Empire Group (who also owns Empire Subang, doing another Empire City development and will also develop the Armada Hotel carpark land)
- Comprises a 40 storey STUDIO tower, and couple of other blocks (27, 25, 23 and 14 storey) of Hotel, residences and SOHO suites
Kumpulan Hartanah Selangor's development in Petaling Jaya.
- The Development is about 3 minute's drive from 3 Two Square
- It would open up a new access point into Section 14/Paramount area from the small road that currently ends at Menara LYL
IOI Resort City, Putrajaya
- IOI's latest offering includes a massive shopping centre, to be constructed this year to add on to its super nice golf course and resort already there
- It is apparently a RM2billion mixed development
- The mall would have about 1.3million sqft of retail space, to be completed in 2013
Point 92, Damansara Perdana
- Developed by Tujuan Gemilang Sdn Bhd, a company related to MKLand's owner, Tan Sri Mustapha Kamal
- Grade A Corporate Office Tower, location Just off the main entrance to Damansara Perdana, Petaling Jaya (close to Mutiara Damansara, Bandar Utama and TTDI)
- Land Size : 0.92 acre (40,075 sq ft.)
- No of Storey : Office: 11 levels, Lobby: 1 level, Carparks: 7 levels; Total: 19 levels
Olive 108, Ampang
- Olive 108 development - a wellness and medical hub along Jalan Ampang in Kuala Lumpur
- Developed by the Al-Hidayah Group of Companies
- Olive 108 comprises a serviced apartment block (210 units), three condominium blocks (258 units) and a 20-storey office tower. The apartment unit will have built-ups between 673 sq ft and 1,528 sq ft, to be tagged at RM595,400 to RM1.7 million after 5% discount for early birds. The developer is looking to sell the office tower en-bloc.
PJ Sentral
- The development will be carried out in four phases comprising six blocks, and will take six to nine years to complete
- Sub phase 1 has a 34-storey office tower and infrastructure
- Sub phase 2 has a 44-storey tower including office, retail and food and beverage lots and infrastructure
- Sub phase 3 has a 29-storey business hotel, 34-storey office and retail lots, and sub phase 4 has a 29-storey service apartments, a 29-storey office and retail lots, central park and infrastructure.
PJ Icon City, by Mah Sing
- This is located at SS8 in Petaling Jaya, borders the LDP and the Federal Highway
- There will be a retail mall, SOHO suites, residential suites, office suites all in one
The Centrestage, Section 13, Petaling Jaya
- A RM500 million mixed commercial development in Section 13, Petaling Jaya from developer Cherish Springs Sdn Bhd
- Site is about 3.66-acre leasehold and is scheduled for completion by mid-2014
- Centrestage comprises 352 units of serviced suites, two office towers of 11-storeys and 14-storeys each and five levels of shops
- The project is aiming for a Green Building Index (GBI) certification. The serviced suites will be serviced by the Inspiration Group
- The indicative pricing for the office and retail units are RM700 psf and RM1,100 psf respectively. The company has not decided on prices for the serviced suites yet, said the spokesman.
The MATRADE Convention and Exhibition Centre, Jalan Duta
- A massive development by NAZA TTDI, whereby they will construct the MATRADE Convention Centre in exchange for the land surrounding
The Kelana Sports City
- To consist of 2 blocks of serviced apartments, SOHO and office towers, sports complex, shopping mall and a performing arts centre
- GDV about RM1.07 billion
- A joint venture between Melati Ehsan and PKNS
There you go... some of the recent developments that deserves a good mention. Based on these, I think Petaling Jaya would be extra vibrant and developed in the times to come. I heard the entire Section 13 will be regazetted as a commercial zone. Do check them out!
