Is Brickfields overdeveloped?

DEVELOPMENT in Brickfields has mainly been concentrated on KL Sentral, although lately other industry players, such as Bina Puri Holdings Sdn Bhd, Syarikat Prasarana Negara Bhd and Primamuda Holdings Sdn Bhd, have turned the focus elsewhere in the area with proposals for mixed-use developments.

High-growth commercial district

THIS YEAR, I&P Group Sdn Bhd is planning launches that, together with its unsold stock of properties launched last year, will have a total gross development value (GDV) of RM2.5 billion. The developer is also targeting revenues of RM1.5 billion to RM2 billion, says its CEO Datuk Jamaludin Osman. The upcoming launches will come from its 10 existing townships and projects.

A 70-acre site within Kampung Attap, Kuala Lumpur, encompassing Jalan Belfield, Jalan Hose and Jalan Talalla, appears to have caught the attention of a least four developers, which will collectively build offices, shoplots and some 2,500 serviced apartments.

This article first appeared in The Edge Malaysia Weekly, on January 19 - 25 , 2015.