Article: The price to own a slice of the KLCC area


New Straits Times
04-21-2007
The price to own a slice of the KLCC area
Edition: Main/Lifestyle
Section: Property
Column: Nuggets

TWO deals made for development land in the vicinity of the Kuala Lumpur City Centre (KLCC) shows the wide disparity in acceptable prices.

In one transaction done a fortnight ago, Fiamma Holdings Bhd paid RM407psf to buy 61,422sq ft situated at the rear of Menara Public Bank and Australian High Commission along Jalan Yap Kwan Seng.
Vendor Hoklian Properties accepted the price of RM25.02 million for relinquishing its rights to the site, which is likely to be developed with a commercial project.

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