Wisma Lim Foo Yong is a 16-storey office tower wedged in between KL Lodge Hotel and Menara ING on Jalan Raja Chulan, formerly known as Weld Road. On the lower levels, there is a shopping arcade as well as a few amenities, for example various eateries, salon and a dental clinic.The rental rate at Wisma Lim Foo Yong is within the range of RM3.00 to RM5.00 psf as it is an old building, while newly built towers can go up to RM5.50 to RM 6.50 psf. Office built-up can vary from 900 to 10,000 sf; common office area up for leasing is around 1,000 sf. On the first floor of Wisma Lim Foo Yong is the Marco Polo Restaurant which serves moderately-priced Chinese cuisine and where employees can have a break time at. Workers may also choose to walk to Jalan Alor for cheap hawker foods is barely half a kilometer away. Located in the Golden Triangle, Wisma Lim Foo Yong is a stone's throw away from the landmarks in Kuala Lumpur such as KLCC and Menara KL. It is near to Equatorial Hotel, Pavilion Mall, Istana Hotel, The Weld Shopping Centre and a few blocks of other office buildings. It is connected to the Raja Chulan Monorail station by Jalan P. Ramlee, the infamous street as a clubbing heaven, and Jalan Sultan Ismail. It is accessible via Lebuhraya Mahameru, Sprint Highway and Ampang-Kuala Lumpur Elevated Highway (AKLEH). The tower also offers monthly parking services charged at RM150 for those who travel by car.
Property Details
Name: Wisma Lim Foo Yong Address: No. 86, Jalan Raja Chulan, 50200 Kuala Lumpur Developer: Lim Foo Yong Holdings Completion Date: 1960's Type: Office Tower Tenure: Leasehold No. of Blocks: 1 No. of Storey: 16 Built-up: 900 - 10,000 sf Rental: Facilities
24-hour security Centralized air-conditioning system CCTV Covered car park Convenience store Banking facilitiesAnalysis
Wisma Lim Foo Yong is built on the 1960's, it is quite an ancient but well-kept tower hence the rental rate. As it is built in the Golden Triangle, rest assured that there would be great views of the city's landscape laid outside of the window. It is conveniently situated near to Raja Chulan Monorail station, thus it is of no doubt that the rental price would be higher than other buildings of its age. However, tenants who seek for future investment in Wisma Lim Foo Yong should not have cold feet because of the last remark. The Golden Triangle is a smart place to invest as more people will look for jobs in the city, therefore the rates would gradually elevate in the future.
