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Puteri Harbour Community

Dfiris

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Oxley buys prime freehold land in KL
It pays RM446.7m for the plot in KLCC area, housing six bungalow properties
BYMINDY TAN [email protected] PRINT |EMAIL THIS ARTICLE
FOLLOWING its first overseas acquisition in Kuala Lumpur in May, Oxley Holdings, which has been making headlines for its choice global investments, is adding yet another trophy to its stash.
The latest is a plot of prime freehold land measuring about 12,575 square metres, located within the Kuala Lumpur City Centre (KLCC) area. Oxley picked up the site, which houses six bungalow buildings known as 149 to 159 Jalan Ampang, at RM446.7 million (S$174 million) from an estate sale.
The group intends to redevelop the land, subject to obtaining all the necessary approvals, said Oxley yesterday. The site is in close proximity to Petronas Twin Towers, Suria KLCC, Grand Hyatt, Mandarin Oriental, and various luxury condominiums, such as Four Seasons Place, Dua Residency, Binjai Residency and The Troika. There is also a diverse array of amenities including shopping malls, upmarket restaurants, nightspots and international schools.
The developer, which made its name in shoebox developments here, has within a few months groomed an impressive stable of overseas pipeline projects.
 

Dfiris

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k take cue from this guy. so far he has proven his foresight & track record in Singapore and created many new phenomenoms like shoe box residential & industrial & office suites, of course not mentioning the record pricing psf...

but the pricing of RM3300psf is 50% more than RM2200psf what Setia paid for British Embassy Land.
 

Funniman

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from metrohomes website - it seems the price is between RM2,000 to RM2,400 psf. what do you guys think? pricey or ok?

If facing Traders Hotel, then good as potential for F & B, pubs outlets is there. But if it is inside the complex, then not so good.
 

DCputeri

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Received Encorp's invitation letter to purchase commercial units at Encorp Marina. Is the indicative RMpsf from developer?
If facing Traders Hotel, then good as potential for F & B, pubs outlets is there. But if it is inside the complex, then not so good.
 

freekazoid

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now i sort of get to understand the difference in the rapid transit system between singapore and the iskandar region and the high-speed rail link from singapore to KL.
whilst 2018 may hopefully see the former one functioning, the latter is good only in 2020. so we've got 5yrs hopefully to get on a train from PH to singapore.

http://www.channelnewsasia.com/news/business/need-for-asean-economic/893946.html

2018 is Singapore via Woodland to JB Sentral only. Train to PH or any other places, leave it out of your equation.
 
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