Developed and owned by renowned Permata Alasan Sdn Bhd
, as well as located in prime commercial and residential land in downtown Kuala Lumpur
is poised to shine as a landmark in Kuala Lumpur
was built and completed right before the Asian Financial in 1997, and thus marked it mediocre performance for the past decade. Even during good times, AmpWalk
failed to shine as newer and more attractive properties sprout up around it.AmpWalk
has the classic retail cum office design, which has been proven as good commercial design where office workers will fuel the retail outlets, as well as provide convenience to office workers, especially lunches and a quick trip to the shop.
There are 3-storey of retail space of up to 65,000 sf of various lot sizes.
Retails spaces at AmpWalk
are solely owned by Permata Alasan Sdn Bhd
, and are for rental. Office space measured 70,000 sf where some of it is sold to individual owners. Office suites are furnished with pantry, manager room, conference room and air-conditioners, perfect for small office of up to 6 people.AmpWalk
is estimated to be worth RM120 million for the whole building, but it has been rumored that it is put up for sale for an estimated RM85 millions, 30% below estimated market price. The below market rate may be due to its poor performance in the past decade.
It may be a bargain for investors, considering AmpWalk
is very attractive in terms of location, especially its prestige neighbors and proximity to downtown Kuala Lumpur. An updated modern look may very well do the job of turning around this property and be a real competition to those up and coming new developments around the area.