3 May, 2020

Property Guides

Jalan Klang Lama – or Old Klang Road – is the oldest and the first major road in Kuala Lumpur. It was built by the British Federated Malay States between 1905 to 1908 as the only link connecting Kuala Lumpur to Port Klang. This was before the Kuala Lumpur-Klang Highway FT2 (Federal Highway) opened circa 1960.

In the sixties, flanking Old Klang Road on either side were mainly factories, warehouses and oil palm estates. For some time, it remained that way, but in 2004, there was a massive upgrade and widening exercise costing some RM360mil to ease traffic congestion. Since then, Old Klang Road has seen some major developments, especially new condo launches, that are attracting keen buyers.

Reason 1: Close Proximity to KL City Centre, Petaling Jaya and Bandar Malaysia

There are many roads from which Old Klang Road is linked – one being the New Pantai Expressway (NPE) and Petaling Jaya, another leads up to Federal Highway, newly minted KL Eco City, Jalan Syed Putra (Mid Valley City and Taman Seputeh) and beyond (Brickfields, KL City Centre).

Another notable site is the much-talked-about Bandar Malaysia, a rather strategically-positioned 486-acre, flat plot of land (because it was once the site of the Sungai Besi Airport) that holds much potential.

However you slice it, Old Klang Road has proven to be ultra-connected.

aerial view of KL

Photo by Rc Cf on Unsplash

Image link to: https://unsplash.com/photos/Ti3vMVhArHw

Reason 2: Freehold Appeal

A developer was quoted by The Edge Markets in 2017 saying that “even though residential units in the area were made up of high rises and landed units aged more than 20 years, the freehold land tenure of some projects at a prime location with relatively reasonable house prices has placed Old Klang Road amongst the most established property hotspots in the Klang Valley.”

Even though some property buyers do not mind purchasing leasehold properties, others may feel more at ease signing up for one without an expiring lease.

Related Article: Getting a New Condominium in Kuchai Lama. Is It Still Worth It

Reason 3: Growth Potential

Another developer was quoted as saying that Old Klang Road “has great redevelopment potential.” A number of MRT stations are being planned in areas off Old Klang Road and its alignment to transportation hub KL Sentral further cements its reputation as a prized location.

In fact, Old Klang Road was among the localities identified for redevelopment under the Kuala Lumpur Structure Plan 2020. At one point, Kuala Lumpur City Hall (DBKL) had plans to redevelop the 40-year-old wet market at 4 ½ miles into a mixed-use development, which included units under the Federal Territories Affordable Homes Programme.

It is for these reasons and much more that if you are looking for a new condo to purchase, you should give due consideration to one along with this historic and promising Old Klang Road.

Of the many up and coming developments along Old Klang Road, Mah Sing’s M Oscar, a freehold all-residential development off Kuchai Lama, which boasts elevated living as it is built 100m above sea level and situated a mere 800m from the planned Taman Naga Emas MRT station – a definite jewel amongst the stars.

old klang road new condo project

Visual by Mah Sing

Citations:

https://www.thestar.com.my/news/community/2008/08/21/new-landmark-soon-for–old-klang-road

https://www.theedgemarkets.com/article/vigorous-old-klang-road

https://www.theedgemarkets.com/article/cover-story-poised-redevelopment

https://en.wikipedia.org/wiki/Jalan_Klang_Lama

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Admiral (R) Tan Sri Dato' Seri Abu Bakar Bin Abdul Jamal

Chairman/Independent Non-Executive Director

NATIONALITY: Malaysian

DATE OF APPOINTMENT: 1 August 2023

ACADEMIC / PROFESSIONAL QUALIFICATION(S)

Admiral (R) Tan Sri Dato’ Seri Abu Bakar Bin Abdul Jamal was the 10th Chief and the first four-star Admiral of the Royal Malaysian Navy. Admiral (R) Tan Sri Abu Bakar served the Royal Malaysian Navy for almost 40 years both at the staff and command levels culminating in the highest office of The Chief of Navy from 1998 to 2002.

Admiral (R) Tan Sri Abu Bakar was the former Chairman of Affin Fund Management Berhad and also the former Chairman of several companies covering diverse industries post his retirement including naval and marine, property development, construction and automative. He was also a former Board member of Lembaga Tabung Angkatan Tentera (Armed Forces Fund Board).

In recognition of his services not only to Malaysia but also towards promoting international and regional understanding and peace, Admiral (R) Tan Sri Abu Bakar was bestowed the Panglima Setia Mahkota award carrying the title Tan Sri. In addition, he also received international recognition in the form of the following awards:

  1. Bintang Jalasena Utama by Indonesian President Abdul Rahman Wahid on 28 August 2000
  2. Legion of Merit by United States President Bill Clinton on 6 October 2000
  3. Knight Grand Cross of the Most Noble Order of the Kingdom of Thailand by His Majesty King Bhumibol Adulyadej R on 24 February BE2544 (Gregorian 2001)
  4. Legion d’ Honneur by President of France, Jacques Chirac on 17 June 2001

There is no family relationship between him and any director and/or major shareholder of the Company.