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.
This office building has some amenities nearby, e.g. universities, transit stations and hospitals. The following are some of the main universities here:
- Advance Tertiary College (ATC)
- Erican College
- Erican College (KLCC Campus)
- Optopreneur College
- Raffles College Of Higher Education
- Universiti Tun Abdul Razak (Unirazak)
- Universities 21 Global
- Yes International College (fka Yes Academy)
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:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| 6 Dec 2023 | Office | 2,200 sf | RM1,200,000 |
| 13 Nov 2023 | Office | 4,294 sf | RM1,620,000 |
| 16 Nov 2023 | Office | 1,500 sf | RM720,000 |
| 18 Oct 2023 | Office | 4,800 sf | RM3,650,000 |
| 3 Oct 2023 | Office | 3,076 sf | RM1,590,000 |
| 3 Oct 2023 | Office | 3,076 sf | RM1,590,000 |
| 3 Oct 2023 | Office | 3,076 sf | RM1,590,000 |
| 30 Aug 2023 | Office | 4,294 sf | RM1,800,000 |
| 30 Aug 2023 | Office | 1,500 sf | RM720,000 |
| 1 Sep 2023 | Office | 4,295 sf | RM1,796,000 |
Latest Megan Avenue rental listings:
| Date | Property Type | Built-up | Rental |
|---|---|---|---|
| 16 Nov 2023 | Office | 1,842 sf | RM6,500 |
| 25 Oct 2023 | Office | 2,300 sf | RM6,500 |
| 25 Oct 2023 | Office | 1,842 sf | RM5,500 |
| 30 Oct 2023 | Office | 1,842 sf | RM6,500 |
| 28 Oct 2023 | Shop-Office | 1,700 sf | RM5,000 |
| 28 Oct 2023 | Office | 1,700 sf | RM5,000 |
| 26 Oct 2023 | Office | 1,842 sf | RM7,000 |
| 1 Oct 2023 | Office | 1,842 sf | RM5,500 |
| 10 Oct 2023 | Office | 1,600 sf | RM2,600 |
| 25 Sep 2023 | Office | 1,518 sf | RM4,000 |