KYM Tower is a Grade ‘A’ office building within the thriving cosmopolitan hotspot of Mutiara Damansara. Scheduled for completion by Q3 2019, the project leverages not just on the affluent demographics of the surrounding area, but on its proximity to the upcoming KL Metropolis commercial hub.
Comprising 24 storeys, the tower offers built-ups from 2,691 sq ft to approximately 13,000 sq ft per floor. Units in the project are currently available for leasing enquiries, and not for sale, with recent rental rates hovering around the RM6 psf mark.
KYM Tower’s interiors are designed to maximise tenant comfort, with features such as modular layouts to enhance flexibility in the workspace, executive toilets and pantries for each floor, individually-controlled air-conditioning and ceiling heights over 13 ft.
Other features for the comfort of tenants include an outdoor herb garden and pavilion for visitors and workers to relax in, as well as a café on the 8th floor. In addition, KYM Tower’s lobby entrance includes full marble finishing, as a suitably opulent entrance statement.
With commercial offerings in Klang Valley facing oversupply concerns this year, developer TSM Global Bhd has pulled out all the stops to set KYM Tower apart from similar projects on the market and in the vicinity.
Aside from its Grade ‘A’ status, it is also certified Multimedia Super Corridor (MSC) Status Tier One and Green Building Index (GBI) Gold. Other features include a fibre-optic ready infrastructure and intelligent building management, as well as security features such as destination-control lifts, CCTV and access card systems.
In combination, these differentiating factors serve to position KYM Tower attractively to business operators, while older commercial developments will need to invest heavily into renovation just to keep the pace.
The project’s location also allows it to leverage on a prime connectivity mix, including access to the Damansara-Puchong Expressway (LDP) and the New Klang Valley Expressway (NKVE). In addition, it is sited right next to an exit ramp from the Penchala Link, for the convenience of visitors and workers coming in from the city centre and outlying areas.
The Mutiara Damansara MRT station is about 1km away from the office, with an elevated walkway under construction to facilitate travel to the station by foot. This provides access to Klang Valley’s growing integrated rail network for daily commuters, with the 1km distance just within convenient walking range.
The same walkway provides connectivity to the Curve, Mutiara Damansara’s prime retail landmark, with a diverse range of dining, entertainment and shopping facilities.
However, KYM Tower’s location, while a pull factor, also means there are numerous other prime office developments in the immediate vicinity. These include Nucleus Tower, comprising 24 Grade ‘A’ storeys on a retail podium, and Mercu Mustapha Kamal, both of which are adjacent to the project, while the Empire Damansara mixed development sits across the LDP.
Further underscoring the oversupply of launches in the commercial space in Klang Valley, KYM Tower directly faces an upcoming 30-storey strata office project by TSR Capital Bhd.
However, KYM Tower may benefit from a larger wave of growth as more businesses are drawn to prime offices with affordable rental rates in KL fringe areas, along with trickle-down effects from proximity to the KL Metropolis masterplan.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| KYM Tower | 2019 | NIL | NIL | NIL | NIL |
| Reflection Residences | May 2015 |
RM540,000
-
RM1,600,000
RM 494 psf - RM 1,149 psf |
RM2,800 - RM2,800 | NIL | 4.65 % |
| Empire City | 2015 |
RM176,000
-
RM793,200
RM 378 psf - RM 993 psf |
RM950 - RM950 | NIL | 4.2 % |
| The Effingham | Jan 2013 |
RM5,000,000
-
RM5,880,000
RM 841 psf - RM 980 psf |
RM10,000 - RM10,000 | NIL | 2.07 % |
| Empire Damansara | 2013 |
RM153,000
-
RM2,999,990
RM 281 psf - RM 960 psf |
RM1,000 - RM1,000 | NIL | 2.98 % |
| Neo Damansara | 2012 |
RM164,025
-
RM610,000
RM 364 psf - RM 914 psf |
RM1,000 - RM1,000 | NIL | 5.12 % |
| Mutiara Homes | 2012 |
RM260,000
-
RM6,800,000
RM 342 psf - RM 1,444 psf |
RM2,300 - RM2,300 | NIL | 20.74 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | RM 495 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 441 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 423 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | RM 5,200,000 psf | - |
Note:
| Down Payment (10%) | RM 50,000 |
| Loan Amount ( 90 %) | RM 450,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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