Balinese inspired Facilities at Palmyra

With the completion and occupation of two developments, Palmyra in Bangsar and Highbank in Federal Hill during the 1H 2005, the supply of luxury condominiums in Kuala Lumpur increased to 4,963 units. The average occupancy dipped by 2% compared to the 2H 2004 and seven new projects offering 1,202 units were launched in the 1H 2005. Developer’s prices for these units ranged from RM430 to RM1,010 per sq ft foot of built-up area.

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With the completion of the 170,000 sq ft Menara OCBC on Jalan Tun Perak during the first half 2005, the total supply of office space in Klang Valley is now 60.1 million sq ft. New supply of office due for completion by year end 2005 is limited to Menara See Hoy Chan and Menara Marinara.

For more on the Klang Valley office sector, click here