Mega transaction

After reading the news on today's paper on the biz section, KL property just got a lift from this transaction with a RM38 million transaction for a Penthouse over at Binjai @ the park. I can't deny Binjai looks stunnningly good but for the hefty price tag they still have a lot of room to improve on the architecture but location wise it would be top notch as it is the only slab of concrete located in the 50acre KLCC park itself.

"The buyer is a corporate figure who has been on Forbes magazine’s list of wealthiest people. On June 22, he bought the triplex penthouse, measuring 14,300 sq ft, on the 42nd floor of Binjai’s Tower B. The price tag of RM38mil meant the penthouse was sold for almost RM2,660 per sq ft (psf)."

With KL land price of approx 1k-2k psf he just pushed it to a new high. Sometimes you just have to hate these rich people for hiking up the price of property. Wealthy Malaysians who made their money from scratch in a proper manner are questionable and probably less than a handfull of them. Well let us all work harder for our own space call home.

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