Guocoland sells 40% of Commerce One before launch

KUALA LUMPUR: Guocoland (Malaysia) Bhd’s Commerce One corporate office development along Jalan Klang Lama, Kuala Lumpur, has been 40% sold ahead of its launch next week.

The developer said the 21-storey office building will house 222 units of modern office suites with sizes between 500 sq ft and 1,700 sq ft. Prices are from RM430 psf.

Units with built-up from 1,138 sq ft facing Jalan Klang Lama (5th mile) comes with en-suite toilets and pantries. The building will have fibre optic broadband connectivity as well as a retail and F &B floor. Security access card and close circuit TVs will be part of the total security system, besides the round-the-clock security patrol.

“Based on the average rental returns of about 6% for prime office locations in Jalan Klang Lama, Commerce One would make an excellent investment option,” said Guocoland marketing and sales director Pam Loh.

“Perhaps the biggest appeal to the SMEs will be the ease of new hire for office support staff, many of whom are increasingly very picky about the location of their workplaces. Retail, eating places and public transportation are also within easy reach in this thriving business area,” she added.

An artist's impression of Commerce One.

Commerce One is located near the Pearl International Hotel and 3km to Mid Valley City. It is accessible via a network of highways including the New Pantai Expressway, KL-Putrajaya Highway, Shah Alam Expressway (Kesas) and Federal Highway. It will be officially launched on May 5.

This article appeared on the Property page, The Edge Financial Daily, April 29, 2011.

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