Finance

Real Estate Investments In Malaysia

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This is UEL, a Singaporean developer’s 1st project in Malaysia. UEL being truly a reputable company back Singapore will ideally still do it First Time to stamp their mark here. They have it right with the location already. You can’t ever beat this one. In the CBD fronting Jalan Raja Chulan with access from 2-way traffic. This is one up from St Mary Residences or immediate rival The Tribeca in Jalan Imbi which can only just be reached from a one-way street/road or Idaman Residence or KLCC Parkview which are located inside some unknown small street. Having lived in St Mary, You can be told by me how awful it is when you only have a one-way gain access to.

I am not stating that it gets jammed or blocked up. Else Everywhere, including in the suburbs get traffic jam during peak hours. But it is the non-peak sluggish moving traffic which gets at you when you need to make that irritating long crawl around the block merely to get home. It has been over a season since I pointed out in this blog about an up-coming project on this plot of land. If I can recall, the land was sold at around RM150million this year 2010. That is hearsay.

But the figure seems about right for the positioning and size. It’s really a very tiny plot, flanked by Wisma MPL, a Grade C office complex and a more impressive carpark which is awaiting development. Behind it is a Chinese …