Situated in Chow Kit, the city’s traditional market district, the GM Plaza (also called Plaza GM Kuala Lumpur) is a mixed development of shops and apartments billed as Malaysia’s largest wholesale plaza.
Located at the northern rim of the Kuala Lumpur city centre, just 300 metres from the Putra LRT station and the Chow Kit monorail station, the lower 9 floors of the GM Plaza represent an example of a new kind of shopping mall.
Owned and managed by the TSI Group, the same conglomerate associated with other commercial landmarks such as KLCC and Lot 10, the GM Plaza is a specialised shopping centre with kiosks and 200 sf to 400 sf shops for around 300 traders of clothing and wearable accessories.
Merchants at GM Plaza are supported by commercial-grade freight loading bays and elevators to facilitate wholesale distribution, and while the mall is strategically located between Kampung Baru and the Putra World Trade Centre (PWTC) to ensure a steady stream of foot traffic, an elevated parking garage within the tower addresses the needs of customers arriving by car.
Being within walking distance of multiple public transportation options and popular landmarks in the northern half of city’s outer core, the GM Plaza more than qualifies as prime real estate. Recent transaction data has shown retail space at GM Plaza priced upwards of RM1,600 psf as of the time of this review – a few outliers with strategic frontage have been found priced up to five times that number.
Given the GM Plaza’s proximity to the city centre, and the convenience of a shopping centre below, the residential properties at GM Plaza are just as coveted. The one or two-bedroom apartments, ranging in size from 670 sf to 1,270 sf, are presently priced at around RM3,400 psf.
Residents at the GM Plaza enjoy 24-hour security in addition to exclusive access to their own parking bays and a recreational deck with a gym, sauna, and multipurpose hall. On the ground, residents step out into the city’s market district, with the added benefit of close proximity to Kampung Baru, the Sunway Putra Mall, and convenient access to the Klang Valley’s integrated public transport network via multiple stations.
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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 (%) |
|---|---|---|---|---|---|
| Plaza GM | 0 | From RM1,000,000 | From RM2,000 | NIL | NIL |
| JKG Tower | 2017 | NIL | From RM16,500 | NIL | NIL |
| Plaza Haji Taib | 2016 | From RM800,000 | From RM1,500 | NIL | NIL |
| Summer Suites | 2015 |
RM410,000
-
RM1,100,000
RM 652 psf - RM 1,379 psf |
RM140 - RM140 | NIL | 412.95 % |
| Menara Centara | Oct 2014 | RM499,400 - RM2,652,500 | From RM2,400 | NIL | NIL |
| Kenny Hills Residence | Mar 2014 |
RM500,000
-
RM8,500,000
RM 410 psf - RM 1,346 psf |
RM10,000 - RM10,000 | NIL | 3.2 % |
| Vue Residences | Dec 2013 |
RM288,000
-
RM810,000
RM 576 psf - RM 940 psf |
RM900 - RM900 | NIL | 4.26 % |
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 | RM 841 psf | RM 17,000,000 psf | RM 2,805 psf |
| 500 - 1,000 SQ. FT | RM 591 psf | - | RM 762 psf |
| 1,000 - 1,500 SQ. FT | RM 490 psf | - | RM 626 psf |
| 1,500 - 2,500 SQ. FT | RM 597 psf | - | - |
| 2,500 - 4,000 SQ. FT | RM 480 psf | - | - |
| 4,000 SQ. FT and above | RM 515 psf | RM 13,800,000 psf | - |
Note:
| Down Payment (10%) | RM 100,000 |
| Loan Amount ( 90 %) | RM 900,000 |
| 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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