Commercial Real Estate

Kuala Lumpur is no stranger to many people all over the world. In property sense, it has sky rocketed over the years, what more could one say as Kuala Lumpur is one of the busiest capitals around the region. It is also filled with commercial property for anyone interested to invest in that area of real estate. The past years have seen Kuala Lumpur rise as one of the main shopping destinations drawing millions of visitors to the capital every month. As the nature of the city evolves, so did the property from around and within the metropolitan. Compared to the early years after independence, kuala Lumpur has changed from old pre-war buildings and bicycle transporting modes to skyscrapers and high speed light rail transit trains buzzing about. For anyone who have stayed in Kuala Lumpur (or KL in short), one would have seen the shift in roads where it is now filled with 4 lane highways, over head and under head free ways are just some of the common sights. The Petronas Twin Towers, once the highest building in the world still command majestically along the many buildings that paint the landscape of the city. It houses national petroleum and Fortune 500 company Petronas and many other multinationals like Microsoft in the 88 floors of offices. It is also one of the most expensive offices around town.
In the Golden Triangle is Bukit Bintang which is one of the most sought after commercial properties around as it exudes a lot of entertainment and shopping lots. At this end, one can choose, among them, Lot 10, Star Hill, Sungai Wang Plaza, Low Yat Plaza, Berjaya Times Square and the recently opened Pavilion KL. This is where activities are always abuzz and like some call it, where it never sleeps.


Compared to other cities in around the region, KL still command one of the most affordable land properties. in 2006, it was reported that office property in Singapore cost around 2000 Singapore dollars per square feet or Ringgit Malaysia roughly about RM4500 while one could still purchase office space in KL at about RM585 per square foot.

The downside about buying property in the city center perhaps is with traffic which has always been a common problem for people working and residing in the area. Central KL is always covered with traffic jams during rush hour and that is one of the problems constantly being combated by the government. Even with public transport like the Light Railway Transit and the KL Monorail failed to solve this problem. A previous problem were flash foods that would take up some hot spots in around the city during heavy downpours have since been solved with the new SMART tunnel which is used to channel rain water out of the city if it gets too heavy.
Being one of the most developed countries in South East Asia, no doubt the capital still lacks behind the faster movers like Hong Kong and Singapore, but the rising standards of living and commercialism in the capital means that this is now the best time for investors looking to purchase any commercial property to take notice of the best place around the metropolitan of Kuala Lumpur.

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