Megan Avenue, KLCC

Megan Avenue (also known as Megan Avenue 1 & formerly known as Megan Phileo Promenade) is a freehold office building that is located in KLCC, KL City Centre. The built-up available at this property is 1,518 sf. It was developed by Avenue Assets Bhd.

Avenue Assets Bhd is a boutique property developer listed on Bursa Malaysia, and it has built about 3 property projects in Malaysia. Other similar projects by the same developer are Menara Avenue and Menara Tokio Marine.

Property Type
Office Building
Land Tenure
1,518 sf
Market Price
Total Units
Completion Date
Launch Price

This office building has some amenities nearby, e.g. universities, transit stations and hospitals. The following are some of the main universities here:

As for transit stations, there are LRT Damai, LRT KLCC, LRT/MRT Ampang Park and MRT Persiaran KLCC. There are also some hospitals here, such as ALPS Medical Centre 阿尔卑斯医学中心, Alty Orthopaedic Hospital and Mont Kiara Medical Centre.

The current rental yield of Megan Avenue is around 6.08%, compared to 4.86% a year ago in Q1 2022. The highest rental yield ever recorded was 6.45% in Q1 2023; while the lowest one was 4.42% in Q4 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

Latest Megan Avenue sale listings:

DateProperty TypeBuilt-upPrice
6 Dec 2023Office2,200 sfRM1,200,000
13 Nov 2023Office4,294 sfRM1,620,000
16 Nov 2023Office1,500 sfRM720,000
18 Oct 2023Office4,800 sfRM3,650,000
3 Oct 2023Office3,076 sfRM1,590,000
3 Oct 2023Office3,076 sfRM1,590,000
3 Oct 2023Office3,076 sfRM1,590,000
30 Aug 2023Office4,294 sfRM1,800,000
30 Aug 2023Office1,500 sfRM720,000
1 Sep 2023Office4,295 sfRM1,796,000

Latest Megan Avenue rental listings:

DateProperty TypeBuilt-upRental
16 Nov 2023Office1,842 sfRM6,500
25 Oct 2023Office2,300 sfRM6,500
25 Oct 2023Office1,842 sfRM5,500
30 Oct 2023Office1,842 sfRM6,500
28 Oct 2023Shop-Office1,700 sfRM5,000
28 Oct 2023Office1,700 sfRM5,000
26 Oct 2023Office1,842 sfRM7,000
1 Oct 2023Office1,842 sfRM5,500
10 Oct 2023Office1,600 sfRM2,600
25 Sep 2023Office1,518 sfRM4,000
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