Freehold Commercial Development Land @ Kampung Baru KL
Kl City, Kuala Lumpur
Building Land, Freehold, Non-Bumi Lot
Land Area : 8,321 sqft
Published Date
:
Thursday 12th June 2025
Descriptions
FREEHOLD COMMERCIAL DEVELOPMENT LAND @ KAMPUNG BARU, KL FOR SALE
📍 Jalan Raja Abdullah, Kg. Baru – Commercial Zoning in Kuala Lumpur City Centre
🔸 Tenure: Freehold, Malay Reserve
🔸 Land Area: 8,321 sqft
🔸 Zoning: Commercial City Centre (CCC)
🔸 Plot Ratio: 1:10 – Allowable Gross Floor Area (GFA) up to 80,000 sqft
🔸 Existing Building:
▪️ 3-storey building, currently fully tenanted as a restaurant
▪️ Rental income: RM20,000/month (RM240,000/year)
💰 Asking Price: RM8.3 million (negotiable)
✅ Approx. RM1,000 psf – below market value for prime commercial land (RM1,200–RM1,500 psf)
🏗️ COMMERCIAL REDEVELOPMENT POTENTIAL
With a premium location + commercial zoning + freehold title, the site is ideal for redevelopment into:
✅ Boutique Office Tower
▪️ 20–30 storeys, floorplate approx. 4,000 sqft
▪️ Suitable for corporate offices, strata offices, or co-working hubs
▪️ High rental and resale demand due to proximity to KLCC & DBKL
✅ Boutique Hotel or Hospitality Business
▪️ Strategic location for Muslim-friendly hospitality concept
▪️ Walking distance to LRT, Quill City Mall & Hospital KL
✅ Mixed Commercial Development
▪️ Retail + Office + Serviced Business Suites
▪️ Supports “Live, Work, Business” concept in central KL
📈 ESTIMATED COMMERCIAL DEVELOPMENT VALUE (GDV):
▪️ Depending on concept: RM60 million – RM90 million
▪️ Commercial/office units in the area selling for RM1,200 – RM1,600 psf
▪️ High ROI potential due to below-market land price and prime location
🚀 KEY ADVANTAGES FOR COMMERCIAL DEVELOPMENT:
✅ Core KL city location – 700m to Kampung Baru LRT
✅ Direct access to AKLEH, DUKE, Jalan Ampang & Jalan Sultan Ismail
✅ Located within DBKL’s Kampung Baru Transformation Masterplan
✅ Immediate rental income during development planning (RM20k/month)
✅ Freehold title = full development control + long-term asset potential
