Aug 15, 2013 - PropertyGuru.com.my
Loke Wan Yat estate's trustees have sold a land parcel near the iconic Petronas Twin Towers, as well as properties collectively known as the Asian Heritage Row (pictured).Loke Wan Yat Realty acknowledged the sale but declined to give further details except that both properties were transacted at around the same time.
According to a source, the 1.38ha freehold land in Jalan Ampang, between a Chinese temple and the Wisma Central, was recently sold for about RM495.34 million or RM3,325 per sq ft, making it one of Kuala Lumpur's most expensive properties.
However, sources were not able to name the buyers.
Meanwhile, the Asian Heritage Row was sold to entrepreneur William Ng, who is also the property's main tenant.
The transacted price for each of the 12 properties, each measuring over 1,000 sq ft, likely ranged from RM1,000 to RM2,000, noted a property consultant. Henry Butcher COO Tang Chee Meng added that a similar property in the area was recently sold for RM2.2 million.
Nikki De Guzman, Junior Journalist at PropertyGuru Singapore, edited this story.
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