Property Frontiers

in Kuala Lumpur, Malaysia

Commercial office space

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Southgate,
Kuala Lumpur,
Malaysia

Grade ‘A’ office suites close to Kuala Lumpur city centre
Buoyant commercial market at the centre of Asia’s rapidly growing economy
20% below market value
8% + gross yields

Summary

Grade ‘A’ office suites close to Kuala Lumpur city centre
Buoyant commercial market at the centre of Asia’s rapidly growing economy
20% below market value
8% + gross yields
80% LTV mortgages
Invest from just £18,000 cash

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Description

Asian economies have yet again burst into life and set along a path of economic growth. This year the economies of South East Asia are set to enjoy an average growth rate of over 5%, a full 9% above the contracting economies of the West.

As businesses flourish in the region, the commercial property market is increasingly buoyant. With Kuala Lumpur also suffering from severe undersupply, prime office rentals surged between 15 and 20% in the first quarter of 2008, a situation which looks unlikely to change before 2012. Average occupancy levels for prime office space in the Golden Triangle reached 96% during 2008 and with rising rents, there has never been a better time to invest in this thriving Asian hub.

With this in mind we have sourced a prime multi-use commercial development in Jalan Tun Razak which is on one of the major arteries into KLCC, just 5 minutes from the capital’s centre on the edge of the Golden Triangle.

With the market rapidly improving, there is a limited window of opportunity to acquire quality, high yielding commercial property at 20% below market value.

Property Frontiers have secured an exclusive allocation of just 15 units in this prime mixed use development.
Within Kuala Lumpur’s there are very few developments of this nature, and indeed there remains a distinct lack of Grade A office space across the city as a whole. Major companies now looking to relocate into KL City Centre are unable to do so due to the limited supply. It is estimated that new office supply will only meet demand within the next 3 years and rents are likely to continue their appreciating trend through this period. Top

Location

Southgate is located at the Southern Gateway of KL City on the boarder of the Golden Triangle and is only 5 minutes away from the city centre. The distinctive landmark is highly accessible via major roads such as Jalan Tun Razak, Jalan Dua, Jalan Sungai Besi, and Jalan Loke Yew. Major highways in the vicinity include the BESRAYA eastern extension as well as the SMART motorway tunnel.
This prime business location makes it a ‘natural traffic magnet’ due to its prominent visibility that draws the attention of approximately half a million cars driving through everyday. Top

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Property

Southgate features a modern European themed design, inspired by the Xintiandi development in Shanghai. It will house creative work spaces, F & B outlets, and retail and office units.
The development will consist of a total of 5 blocks. The main Corporate Building will be a 8 story building fronting Jalan Tun Razak and the Apex Block, a 7 storey building facing Jalan Dua and build up areas of approximately 232, 281 sqf and 90, 126 sqf respectively. Both of these blocks are intended for enbloc sale.
The other three blocks named Vox, Vivo and Verve are encapsulated within the main Corporate Building and enjoy inter connectivity through the unique atrium space. These will be made up of 226 units of office suites with built-up areas of 582 sqf to 1, 712 sqf and 64 retail units from 535 sqf to 2, 187 sqf. Top

Amenities