Property
A treasure trove of redevelopments
Joseph Wong | 13 Oct 2017 00:30
Pandora is among the first serviced residences to be completed in Tropicana Metropark
Undeveloped land in Kuala Lumpur is getting scarcer in light of rapid growth in recent decades, with the population of Greater KL expected to hit 10 million in the next three years.

Many developers acknowledge that although there are still undeveloped parcels of land within the city limits, many are individual lots which are too small for big integrated developments.

While greenfield options are limited, abandoned or under-utilised brownfield properties, especially industrial lots, tend to be of substantial size with potential for redevelopment.

Those within Greater KL are potential goldmines. FocusM has identified at least 12 former industrial properties with completed, ongoing and future mixed development projects with a combined gross development value (GDV) of over RM20 bil.