Subscribers

High-end condo in KL centre looks to launch M'sia's 1st en masse sale

Desa Kudalari, which is over 30 years old, commands indicative land values of RM2,000-RM3,500 psf: promoters

Kuala Lumpur

MALAYSIA could see its maiden en masse sale if owners of the first high-end condominium project in the city centre proceed with a proposal for the redevelopment of the whole property - an initiative that would allow them to realise the best price for their KLCC enclave-sited apartments, its promoters say.

As current indicative land values are RM2,000-RM3,500 (S$690- S$1,200) psf, or 2-3.5 times the last transacted price of RM960 psf (based on the unit price of RM1,250 psf transacted last...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes