KUALA LUMPUR: Kenanga Wholesale City Sdn Bhd is establishing a one-stop garment wholesale centre at a development cost of RM300mil.
The 22-storey Kenanga Wholesale City to be completed in three years, was located in the heart of the established Kenanga area well known for its wholesale fashion business, said group chief executive Yee Ia Howe.
Kenanga Wholesale City Sdn Bhd managing director Bernard Bong (second from left) and Datuk Dr Ng Yen Yen with project’s model
Due to the inadequate trading area, entrepreneurs were unable to expand their business and space was lacking for newcomers, he said, adding that this had stagnated growth in the area.
“The development strategy for the Kenanga Wholesale City is to further expand the garment wholesale business,” Yee said at the soft launch of the three-acre project off Jalan Kenanga.yesterday.
The proposed development with a total gross built-up area of 1.8 million sq ft and net lettable retail area of 500,000 sq ft would offer 790 new business lots, double the current number of shop lots, thus providing more business opportunities, Yee said.
“The proposed units of 300 to 600 sq ft, at current market prices of RM1,980 to RM3,300 per sq ft, will provide good capital appreciation for buyers,” he said, adding that the project was 70% sold.
Kenanga Wholesale City would also provide facilities to supporting businesses such as express mailing and logistics, ATM banking service and moneychangers.
Yee said his management would also work with the Malaysia Garments Wholesale Exports and Import Merchants Association to explore business opportunities in Indonesia, Singapore, Thailand, Taiwan and the Philippines.
“Garment wholesalers in Kenanga cater mainly to the local market. Exports make up only 30% of total trade. We hope to increase foreign trade by promoting Kenanga overseas,” he said.
Deputy Finance Minister Datuk Dr Ng Yen Yen, who graced the soft-launch earlier, expressed confidence that the one-stop centre would help boost the tourism industry.
By The Star
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3 comments:
HI, may i know their contact details - im really interested to buy one of the units. how do i contact them
Thanks for comment, actually i was trying to get contact through malaysia phone directory but no such company name "Kenanga Wholesale City Sdn Bhd" told by them, anyway, you could get advise from some of Malaysia property agents company which ......http://estate123.com ......or many others agents company out there..... Hope it could help, tqs
Hi Iskandar,
Below are the contact detail you request and hope it could help, besides, try explore their website as follow: http://www.kenangacity.com.my
____________________________________
Kenanga Wholesale City Sdn. Bhd.
Address:
Lot LG05 Lower Ground Floor,
Plaza Uncang Emas (UE3),
85 Jalan Loke Yew,
55200 Kuala Lumpur.
Telephone:03-92836397 /7397 /8397
Fax: 03-92835397
Information: Enquiries Please Call Tel: 03-92836397 / 92837397 / 92838397 or Fax: 03 - 9283 5397
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