Petaling Street Market
Jalan Petaling, KLCC, KL City Centre, Kuala Lumpur
RM 50,000,000
10
Baths
70,000
sqft (floor)
RM 714
psf (floor)
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About this property
9sty Detached - 4 Adjoining Lot - Freehold - 115 Rooms - Prime Area !
▸ Prime positioning in Chinatown / Petaling Street, Kuala Lumpur — one of the city’s most vibrant tourist and heritage districts.
▸ Surrounded by Central Market, Kasturi Walk, Merdeka 118, River of Life, boutique hotels, cafés, retail outlets and cultural attractions.
▸ Strong catchment from international tourists, backpackers, city travellers and nearby office workforce.
▸ Excellent connectivity: approx. 3–5 minutes’ walk to Pasar Seni MRT & LRT interchange
▸ Growth supported by ongoing Chinatown revitalisation, Merdeka 118 development and rising tourism activity in KL city centre.
❈ PROPERTY DETAILS
▸ 9-storey Detached 3-Star Hotel
▸ Tenure: Freehold
▸ Land area: approx. 10,442 sf
▸ Total built-up: approx. 70,000 sf (≈ RM714 psf)
▸ Configuration: 115 fully fitted guest rooms
▸ Recently refurbished with modern finishes, saving up to approx. RM7 million in renovation cost.
▸ Contemporary urban hospitality concept featuring welcoming lobby, efficient guestroom layout and comfortable interior ambience designed for city travellers.
▸ Facilities include reception lobby, café / dining space, lift access, housekeeping and management areas, and operational service spaces supporting hotel operations.
▸ Additional income potential from F&B outlets, tour services, vending, and tourism-related partnerships.
▸ Asking Price: RM50 million
▸ Attractive entry based on freehold city-centre asset, strong tourism location, competitive psf pricing and ready operational condition.
❈ INVESTMENT EDGE / ADVANTAGES
▸ Tourist hotspot location
▸ Freehold city-centre hotel
▸ Recently refurbished asset
▸ Strong tourism-driven demand
❈ AGENT BRANDING
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property
Common facilities
Cafes
Eateries
Retail stores
Estimated mortgage
Petaling Street Market
Petaling Street Market or also known as Petaling Street is a freehold shop development. The development is located at Jalan Petaling in KLCC, Kuala Lumpur. Petaling Street Market is close to Kuala Lumpur city centre as tenants can get there in 5 to 10 minutes via Jalan Tun Tan Cheng Lock. Petaling Street Market is easily accessible through several major highways. Petaling Street Market is only 15 to 20 minutes away from Pudu via Jalan San Peng and Jalan Pudu. The closest public transport to Petaling Street Market is Serdang KTM station, MRT Merdeka, Monorail Maharajalela, LRT Masjid Jamek, and LRT Plaza Rakyat. Tenants and visitors can also locate several bus stops close by. The closest are located at Kotaraya, Hab Medan Pasar, Central Market, Menara Olympia and Pudu Sentral. There are several other amenities in the surrounding area as well such as schools, supermarkets, restaurants and many more. The closest schools to Petaling Street Market are Advance Tertiary College, Asia E University, Bandar Vollege, SM Stella Maris and SMJK Confucian. The closest supermarkets are Speedmart 99, KK Supermart, Family Convenient Store, Mydin Kotaraya and Pasara Mini Superimas. There are also some pharmacies nearby in case of medical emergency such as Guardian, Bio-Care Sdn bhd, Soon Hing Cheong, Farmasi M.S Ally and Jolly Pharmacy. The closest movie theatres to Petaling Street Market are Lotus Five Star Cinemas and LFC Cinema @ Coliseum. The shop development has a number of facilities that tenants and customers can make use of. Among the facilities available are cafes, eateries, restaurants and mini-marts in the surrounding area of Petaling Street Market. There is also a community plaza in the area that people can go to as well. The sale price for the units in Petaling Street Market ranges between RM 7,200,000 to RM 19,000,000. Petaling Street Market is a leasehold shop-office that is surrounded by established and populous neighbourhoods. There are a variety of sizing of the units available in Petaling Street Market. The size for the units averages at 1,400 square feet. Tenants can choose the ones they prefer the most and look into purchasing it. Petaling Street Market is located close to residential areas in KL City. Most of the residential developments in this area are low cost and affordable. Among the closest residential development tenants can check out are 231 TR, 1A Stonor and 188 Suites (Fraser Residence). There is luxury residential development as well such as Axon Bukit Bintang, Aria Luxury Residence, KLCC, St Mary Residences, Banyan Tree @ Pavilion, Stonor 3 @ KLCC and Marc Residence.
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