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#Exclusive* Another prime land in KLCC up for sale

KUALA LUMPUR: Another prime piece of land in the Kuala Lumpur city centre (KLCC) area is on the market, this time believed to be going for RM2,100 to RM2,200 psf.

Sources told theedgeproperty.com that the 0.75-acre freehold tract on Jalan Kia Peng, said to be owned by a local, has already been issued with the development order for a luxurious condominium project.

There has been at least three land transactions reported in the KLCC area over the past six months. The latest was, it has been reported, a 1.6-acre parcel located next to Wisma Hong Leong on Jalan Perak that changed hands at RM2,200 psf.

The seller was reportedly a Kuok family company. The market is rife with talk that the Kuok family may be looking at disposing their pockets of prime land to re-invest in Singapore and Hong Kong.

Last December, Ireka Corp bought an almost one-acre tract from members of the Kuok family, also on Jalan Kia Peng, for RM87 million or about RM2,000 psf. The land is where the Top Hat Restaurant once sat.

A month earlier, in November, Dijaya Corp Bhd acquired the 1.28-acre Bok House site on Jalan Ampang for about RM2,200 psf.
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