KUALA LUMPUR (March 19): Known for its niche businesses and popular food stalls, the older parts of Pudu are beginning to see a change from the area’s latest redevelopment projects.
This story focuses on commercial developments to the northwest, northeast and east of Pudu, from Jalan Hang Tuah to Jalan Yew, which is along southbound Jalan Pudu. Commercial property types in this area include pre- and post-war shophouses, retail malls and hotels.
The property values and yields in Pudu have remained stable over the years, and are on an upward trend, according to consultants. Rahim & Co International Sdn Bhd director of research Sulaiman Saheh shares, “Price appreciation of pre-war shophouses is higher along the main frontage roads (Jalan Pudu) of up to a compound annual growth rate of 8.7% over the past 10 years, while it is between 5.3% and 6.7% in the internal areas.”
In the same issue, City & Country is featuring Myra by Oriental Interest Bhd. The upcoming launch comprises 310 apartment units across two six-storey residential blocks located in Desa Pinggiran Putra, Selangor.
There will also be coverage of the Klang Valley’s office market performance in the fourth quarter of 2022, as well as a step-by-step guide on home refinancing and its intricacies.
Read all about it in the March 20 issue of The Edge Malaysia weekly.
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