The Kuala Lumpur City Centre (KLCC) continues to lure developers through the diverse variety of tastefully designed projects available there.

There are more than 2,000 residential units in the KLCC enclave today, compared to the less than 1,000 units in the late 1990s.  And if the current trend is anything to go by, it is expected that there will be more than 7,000 residences completed by 2010.  In fact, the total approved projects - including those under construction and completed - as of the end of 2007 will see more than 6,000 new apartments added in the area within the ensuing three years.

With more than 30 property projects either completed or in various stages of construction, it is unsurprising that KLCC is hogging the spotlight today.  This growth is further catalysed by the participation of many niche players, who continue to purchase land in the vicinity despite the current high land price of RM1,500 to RM2,000 psf.

According to DTZ Nawawi Tie Leung executive director, Brian Koh, iconic buildings such as Park Seven, Stonor Park, Troika, Four Seasons Residence and The Avare - with their own unique features - would further raise the bar of design excellence for high-rise apartments in the KLCC enclave.  He added that these iconic buildings would place KLCC on the map as an internationally acclaimed address.

In addition, the presence of world-class players like Singaporean property magnate Datuk Ong Beng Seng of Hotel Properties Ltd, Quek Leng Chan of Hong Leong Group, Tan Sri David Chu of Mayland Group and Singapore's CapitaLand will add more value and depth to the KLCC enclave as a well-sought after address.

Tan & Tan Developments Bhd executive director, Teh Boon Ghee, acknowledged that the KLCC enclave will remain the focal point of real estate development for many years to come.

Echoing Koh and Teh's sentiments was Abbey Woods Sdn Bhd chairman and managing director Datuk Wong Choon Kee, who noted: “The KLCC Twin Towers...would continue to attract developers and investors.  The...twin towers stand out as one of the more unique structures in the world and remain one of the largest real estate developments in the world today."