The French embassy has sold its
coveted 7.98-acre real estate comprising two parcels to Putrajaya Ventures Sdn
Bhd, a subsidiary of Putrajaya Holdings Sdn Bhd at RM2,400 per sq ft, instead
of the RM3,188 per sq ft, as reported earlier.
The parcels, located at the prestigious Jalan Ampang, Kuala Lumpur address near the Petronas Twin Towers, may be the largest foreign mission-owned land in the country.
The French mission’s real estate in Jalan Ampang comprises a parcel with a residential title and another with an institutional title.
KLCC Holdings Bhd has a 64.4% stake in Putrajaya Holdings, while Khazanah Nasional Bhd has a 15.59% stake and CIMB Group Nominees (Tempatan) Sdn Bhd has a 20% stake.
MRCB had acquired the German embassy’s 1.87-acre plot located along Jalan Kia Peng, a leafy neighbourhood of bungalows off Jalan Ampang.
Besides the French and German missions’ sales, the former British High Commission parcel was sold to SP Setia Bhd in late 2012 at RM2,200 per sq ft.
The parcel, located opposite the French mission, comprised two parcels totaling three acres and with residential and commercial titles. The parcels were sold with a 47% premium over its reserved price of RM1,500 per sq ft.
According to to a CH Williams Talhar & Wong report, the German embassy’s real estate was about 6% above market value due to the continual demand for “prime land” in Kuala Lumpur.
 |
| The French Emnbassy has sold it land at Jalan Ampang at RM2400psf |
The parcels, located at the prestigious Jalan Ampang, Kuala Lumpur address near the Petronas Twin Towers, may be the largest foreign mission-owned land in the country.
The French mission’s real estate in Jalan Ampang comprises a parcel with a residential title and another with an institutional title.
KLCC Holdings Bhd has a 64.4% stake in Putrajaya Holdings, while Khazanah Nasional Bhd has a 15.59% stake and CIMB Group Nominees (Tempatan) Sdn Bhd has a 20% stake.
MRCB had acquired the German embassy’s 1.87-acre plot located along Jalan Kia Peng, a leafy neighbourhood of bungalows off Jalan Ampang.
Besides the French and German missions’ sales, the former British High Commission parcel was sold to SP Setia Bhd in late 2012 at RM2,200 per sq ft.
The parcel, located opposite the French mission, comprised two parcels totaling three acres and with residential and commercial titles. The parcels were sold with a 47% premium over its reserved price of RM1,500 per sq ft.
According to to a CH Williams Talhar & Wong report, the German embassy’s real estate was about 6% above market value due to the continual demand for “prime land” in Kuala Lumpur.
No comments:
Post a Comment