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Kuala Lumpur's best address

Article - April 3, 2012
One name truly stands out in Kuala Lumpur's property market: KLCC (Holdings) Sdn Bhd (KLCCH), trendsetter, pace setter and agent of luxury
Owner of the iconic PETRONAS Twin Towers and developer of Kuala Lumpur City Center project (one of the largest real estate developments in the world), KLCCH is a trendsetter, further adding style and elegance to Malaysia’s vibrant capital city.

One of KLCCH’s newest and most luxurious projects is The Binjai on the Park, a residential property set on the edge of the lush 50-acre KLCC Park. Commanding excellent views of the PETRONAS towers, The Binjai’s 44 and 45-storey residential towers offer the finest freehold accommodations and facilities, including a swimming pool, a gymnasium, tennis and squash courts, broadband Internet, concierge services, and an integrated security system.

“People buy at The Binjai as a trophy asset, rather than as a second or retirement home,” says Hashim Wahir, CEO at KLCCH. “Buyers come from all over: from the U.K., Hong Kong, Canada, the Middle East, and Malaysia, to name a few. However, the most important vision about the KLCC master plan is that we are not touching the park. The park is sacred. This helps make The Binjai unique – it has the park on its doorstep.”

The company’s other distinctive properties in Kuala Lumpur include the five-star Mandarin Oriental Hotel, Suria KLCC (a landmark shopping center located at the base of the PETRONAS towers) and various office buildings. Focusing on quality rather than quantity, KLCCH’s addresses do not come cheap. Mr. Wahir says that his properties are 20 to 30% above the market in rental rates for the area.

“The reason is not only location, but because we built quality offices integrated with infrastructure. The city center is where people can live, work, relax, enjoy and play. It is also well connected in terms of transport from here to the airport,” he explains.

KLCCH’s select properties can also be seen outside the capital city. For example, to help Malaysia in its efforts to shift population southwards to Putrajaya, the new administrative seat of government, KLCCH is building homes and has even brought in Heriot-Watt University (U.K.) to set up a campus here, through Putrajaya Holdings, in which KLCCH holds a majority share.