KUALA LUMPUR (Dec 12): The mature, predominantly landed township of Overseas Union Garden or Taman OUG is set to be transformed with the surge of higher-density projects being planned or already in progress.

These include the 63-acre W City OUG integrated mixed development by WCT Holdings Bhd, The Legacy OUG comprising two 34-storey blocks of condominiums, as well as redevelopment plans for Plaza OUG into a mixed development comprising a shopping complex, hotel and serviced apartment components.

PA International managing director Jerome Hong points out that there is limited land left for development in Taman OUG, which means the only way to grow further is upward. Meanwhile, Laurelcap Sdn Bhd executive director Stanley Toh notes that while property prices in Taman OUG have been growing steadily over the past 10 years, prices in the mid- to long term are expected to remain stagnant, mainly due to the age of its existing properties.

To Savills Malaysia group managing director Datuk Paul Khong, a transformation will be beneficial for the area. “While Taman OUG is an old but established suburb, it must continue to rejuvenate itself with renovations, refurbishments or redevelopments of its existing residential stock to stay relevant.”

Read more about it in The Edge Malaysia weekly’s Dec 13, 2021 edition of City & Country.

Save by subscribing to us for your print and/or digital copy.

P/S: The Edge is also available on Apple's AppStore and Androids' Google Play.