Sungei Wang Plaza

Sungei Wang Plaza is an established shopping centre strategically located along Jalan Sultan Ismail, in Bukit Bintang enclave. It is connected directly to Bukit Bintang Plaza (BB Plaza). Throughout the years, this shopping centre has been crowned plenty of awards, including Best Shopping Complex Award by Tourism Malaysia, Best Supporting Shopping Centre Award and Special Award in Retail Properties Category by FIABCI Prix d'Excellence. Sungei Wang Plaza is a famous shopping centre among youngsters – as a hangout place and for shopping. It comprises of a 6-storey building. Its lower ground houses boutiques, saloons, restaurants and audio-related shops. The ground floor has plenty mobile phone shops, restaurants, boutiques and Parkson department store. The first floor comprises boutiques, bookstore and access to monorail station. The second and third floors have clinic, IT shops, post office and boutiques. The fourth and fifth floors are the car park area. The sixth floor is Trendy Zone on The Roof, also known as T-Zone, a large retail area with plenty of small-sized boutiques. Also, there is a huge food court on the sixth floor.Nestled in Bukit Bintang enclave, Sungei Wang Plaza neighbours a number of shopping centres and office towers. These shopping centres include Berjaya Times Square, Plaza Low Yat, BB Plaza, Lot 10, Starhill Gallery and Pavilion. While office towers nearby are Menara Genesis, Yayasan Selangor building and Amoda building. Besides that, Petronas Twin Towers is just mere minutes of walking away from the shopping centre. In terms of accessibility, Sungei Wang Plaza can be easily accessible by Monorail, as Bukit Bintang Monorail station is directly connected to the mall. Besides that, it is also within 15 minutes away from Hang Tuah LRT Station by foot.

Property Details

Name: Sungei Wang Plaza

Address: Jalan Sultan Ismail, Kuala Lumpur

Developer: Sungei Wang Plaza Sdn Bhd

Completion Date: 1977

Type: Shopping Mall

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 7 retail floors & 3 parking floors

No. of Units: About 500

Land Area: 1,200,000 sf

Subsale Price:

Rental:

Facilities

Surau

ATMs

Internet centres

24-hour security

Market Trends

Analysis

For the past 30 years, Sungei Wang Plaza has always been a spot for youngsters to hang out, shop as well as meet friends. Besides these youngsters, it is also favored by foreign tourists from the Middle East, as well as West countries for the bargain items. Even though there are numerous new shopping centres mushrooming in Klang Valley, Sungei Wang Plaza is undoubted to regain its popularity among youngsters. In terms of investment, even though Sungei Wang Plaza is more than 30 years old, it still retains as one of the most expensive properties in the entire Malaysia. The retail rental rate has been increasing steadily over the years. This trend doesn't seem to stop anytime now, as shoppers continue to flock to this old and popular mall everyday.

Links

http://www.sungeiwang.com/