A Prime Land Opportunity in Mont Kiara, Kuala Lumpur

Summary:

1. Location: Daerah: Kuala Lumpur, Mukim: Batu

2. Land Area - 3 acres (130,680 sq. ft.)

3. Land Tenure - Freehold

4. Land Use - Agricultural

5. Land Zoning - Residential

6. Land Condition - Ratio 3.5

7. Land Status - Vacant

8. Building on the land -no

9. Selling Price: RM41,817,600.00 @RM 320 per sq.ft.

Kuala Lumpur, the buzzing capital of Malaysia, is a city known for its rapid growth and potential investment opportunities. One of the most exciting prospects on the market today is a prime piece of land located in the prestigious area of Mont Kiara. This post will explore the key features of this property, highlighting its potential for development, and why it could be a fantastic investment.

Overview of the Land

The land is situated in Daerah Kuala Lumpur, specifically within the Mukim of Batu, covering an impressive size of 3 acres, which translates to approximately 130,680 square feet. What makes this piece of land particularly appealing is its freehold status, providing complete ownership without any leasehold restrictions.

An overview of Mont Kiara's thriving community and cityscape.

The land is currently zoned for residential use, with an agricultural land use designation that opens up opportunities for potential conversion. Such flexibility in land usage is rare, especially given its strategic location near essential amenities.

Location Benefits

Located in Mont Kiara, this land is ideally positioned near several critical hotspots such as the Garden International School, Plaza Mont Kiara, Publika, and the iconic KLCC. This area is known for its high-end residences and is home to expatriates and affluent locals alike. The proximity to international schools makes it particularly attractive for families looking to settle in the area.

A view of Garden International School illustrating the educational opportunities nearby.

Moreover, Mont Kiara boasts a well-planned infrastructure, ensuring easy access to public transport and major roads which further enhances the land's appeal as a potential site for high-rise luxury condominiums.

Land Condition and Features

As mentioned, the land is rated 3.5 in condition. This rating indicates that it is in good shape for both immediate use and current development aspirations. There's no pre-existing structure on the site, providing the new owner with the freedom to create a vision from the ground up.

Important Considerations

Before proceeding with any investment, it’s essential to consider the land's zoning regulations and future development plans in the area. Conducting thorough due diligence will ensure you are adequately informed of the possible challenges and prospects.

Market Potential

With a selling price of RM41,817,600 (approximately RM320 per square foot), this land is at a competitive price considering its location and size. The potential to convert agricultural land to residential use adds significant value, especially in a market that shows no signs of slowing down.

As urbanization accelerates in Malaysia, developers are increasingly looking for land in prime locations such as Mont Kiara. According to recent market trends, properties within this area have seen more than a 10% annual increase in value, making it a solid investment for future returns.

Investment Opportunities

Investing in this land presents several opportunities. Given its strategic location, potential investors could consider high-rise luxury condominium development. In the current market, there is a growing demand for residential projects that cater to the high-income bracket.

Using sustainable and modern designs could further attract potential buyers. Developers could leverage the nearby amenities, creating a lifestyle center that speaks to affluent families and professionals. It is essential to conduct thorough market research to gauge what potential buyers are looking for in a residential property.

The modern architectural design of luxury condominiums in Mont Kiara indicating the area's development potential.

Furthermore, engaging with local architects and urban planners will provide insights into optimizing the land for maximum profitability. It's also useful to keep an eye on the local government’s urban development plans to align the project with community needs and regulations.

Contact Information

If you are interested in exploring this exciting opportunity, don't hesitate to reach out. For inquiries, you can contact:

Martin Teo

Phone: 016-6653899

Website: MartinTeo9.com

Wrapping up the Land Opportunity

The land opportunity in Mont Kiara stands out for its strategic location, favorable zoning, and the potential for significant returns on investment. Its prime location near top amenities and affluent neighborhoods positions it as a highly desirable site for development.

For those looking to make a robust investment in Kuala Lumpur, this piece of land represents an excellent option with its wealth of potential for converting agricultural space into a residential haven. The demand for luxury living continues to rise, making it an opportune time to secure property in this vibrant city.

In conclusion, with the right development strategy, this land could transform into a thriving luxury condominium project that meets the needs of the growing population in Kuala Lumpur. Aligning your vision with the market demands will be crucial in making the most of this incredible investment opportunity.