Menara Safuan, Dang Wangi

Menara Safuan (also known as Safuan Tower) is a freehold office building located in Dang Wangi, KL City Centre.The built-up available at this project is 4,917 sf. It was developed by Safuan Group Bhd, and was completed in about 1992. Safuan Group Bhd is a small real estate company listed on KLSE, and it has constructed only this project in Malaysia.

Property Type
Office Building
Land Tenure
Freehold
Built-up
4,917 sf
Market Price
RM3,100,000
Density
-NA-
Completed In
1992
Launch Price
-NA-

This office building has many amenities nearby, for example universities, metro transport stations, schools and hospitals. The following are some main universities here:

As for metro transport stations, there are LRT Bandaraya, LRT Dang Wangi, LRT Kampung Baru, Monorail Bukit Nanas and Monorail Medan Tuanku. There are also some schools here, i.e. French Culinary School In Asia, SMK Convent Bukit Nanas, SMK Puteri Wilayah and Yayasan Sekolah Al Quran KL.

Lastly, the hospitals here are Al Islam Specialist Hospital and Specialist Hospital Al Islam.

The current market prices for Menara Safuan are from RM3,100,000 (about RM630 psf); while the monthly rentals are from RM4,700 to RM27,000 (about RM4.50 psf). The highest median price psf ever recorded was RM630 psf in Q2 2019; while the lowest one was RM488 psf in Q3 2015.

The current rental yield of Menara Safuan is around 6.93%, compared to 7.47% 2 years ago in Q4 2012. The highest rental yield ever recorded was 8.53% in Q1 2012; while the lowest one was 6.88% in Q4 2013. Meanwhile, the most common unit layouts and sizes available here are as follows:

Latest Menara Safuan for sale listings:

DateTypeBuilt-upPrice
21-Jan-19Office4,917 sfRM3,100,000
06-Nov-18Office4,917 sfRM3,100,000

Latest Menara Safuan for rent listings:

DateTypeBuilt-upRental
09-Jun-19Office1,200 sfRM8,800
26-Dec-18Office6,000 sfRM27,000
09-Dec-18Office4,400 sfRM17,600

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