Kuala Lumpur
As the most populous city and federal capital of Malaysia, Kuala Lumpur is an Alpha World City and is the cultural, economic and financial centre of the country. It is home to the tallest twin tower building in the world, the Petronas Twin Towers and is the fastest growing region in Malaysia. Despite a good percentage of federal government administration relocating to Putrajaya at the turn of the millennium, certain government institutions such as Securities Commission, the Companies Commission of Malaysia Bank and Negara Malaysia (National Bank of Malaysia), as well as most embassies and diplomatic missions have remained in the city. The service sector makes up approximately 83% of total employment in the city with the remaining 17% coming from construction and manufacturing.
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The location
Kuala Lumpur is made up of the following 11 districts:
• Bukit Bintang • Titiwangsa • Setiawangsa
• Wangsa Maju • Batu • Kepong • Segambut
• Lembah Pantai • Seputeh
• Bandar Tun Razak • Cheras
Neighbouring areas - price comparisons, per person per month
| The prices given below are the minimum to maximum average cost for serviced offices, per person per month, derived from our Sales Team's knowledge. |
| Area | Indicative price range |
|---|---|
| Kuala Lumpur | RM600 - 1,500 |
| Jakarta | RM1,000 - 2,000 |
| Manila | RM1,000 - 2,250 |
| Bangkok | RM900 - 1,400 |
Looking for an office in Kuala Lumpur
According to our local expert, Betty Chen business looking to set up in Kuala Lumpur should seriously consider KL City Centre and KL Sentral.
They are the main business district in KL and provide addresses that are close to major players in a number of industries including oil and gas, I.T. services and high technology.
Costs
The prices for serviced office space starts from RM600 per desk, depending on the location and requirements.
It is always worth keeping in mind that these costs usually cover amenities, which may include internet, meeting rooms, kitchen facilities, reception services, AV equipment and parking.
Office Sizes
Instant offer a great variety of office sizes, and are able to accommodate most enquiries, from one person through to 100 or more depending on the specifics.
Most centres in Kuala Lumpur still favour the traditional private serviced office spaces although there is a wide variety of sizes available on the market at present.
Coworking spaces do not appear to have caught on in Kuala Lumpur as much as other major cities as yet.
Why choose Kuala Lumpur?
Kuala Lumpur is the ideal location for companies, especially those involved in the service sector.
The high level of local and foreign banks and organisations that operate in the financial industry ensure that the city is a hub of activity for business in this area.
The city is home to a number of companies on the Forbes 2000 list and there have been recent attempts to grow the research and development scope of the city.
The financial benefits are also clear; Kualu Lumpur is still a major capital city in the region but office space is much cheaper than most comparative Asian cities.
Office prices are also cheaper now than they have been in recent years.
Five things you probably didn't know about Kuala Lumpur:
- One of the Petronas Twin towers (built by Samsung Group) is level, however the other (built by (Hamza Corp.) has a tilt of nearly 10 inches
- The languages commonly spoken in the city are Tamil, Behasa Melayu, English, Malay, Chinese and Hindi
- The name Kuala Lumpur means ‘muddy confluence’ due to its location at the confluence of Gombak River and Klang River
- The city began as a tin mining community in the 1850s
- The city experiences a monsoon season from October to March
A closer look at Kuala Lumpur
Built around Malaysia’s largest transport hub, KL Sentral is the largest commercial development in Kuala Lumpur and when completed is designed to be the financial and business hub of the city
More than 50% of the total land area is dedicated to office zones while CIMB Group are already headquartered here
Other tenants in the area include British Telecom and Maxis Communications, UEM Group, General Electric and PricewaterhouseCoopers Find office space in KL Sentral >>- Home to the largest companies in Malaysia, Kuala Lumpur City Centre (KLCC) is a 100-acre multi-purpose land area that also houses the Suria KLCC shopping centre, the KLCC Park and a variety of hotels
- The centrepiece of KLCC is undoubtedly the Petronas Twin Towers, while the KLCC Convention Centre, the Maxis Tower, Carigali Tower and ExxonMobil Tower are just some of the buildings that dominate the area
Mid Valley City
- Home to a large mixed-use development Mid Valley City is probably most famous for its two large connected malls, The Gardens shopping mall and Mid Valley Megamall
- The area is also home to a variety of office space and a 48,300 square foot (4,500 m²) convention centre
- The area also has Malaysia Cyber Center (MSC) status that means offices in the location provide high-speed broadband and competitive data centres
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- Bukit Bintang is home to the main shopping and entertainment district of the city and located within Kuala Lumpur’s ‘Golden Triangle’, an area within the three major roads, Jalan Imbi, Jalan Sultan Ismail and Jalan Raja Chulan
- There is an abundance of upmarket cafes, restaurants and nightclubs in this vibrant part of the city
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- The TRX is a project that is aiming to develop an area that is a natural extension of the ‘Golden Triangle’ into a financial hub
- It is due for completion in 2020 and is expected to attract 250 global financial services companies and create 40,000 skilled and knowledge-based jobs
Want to find out more?
If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.
Email our team or call us and we'll be delighted to help you.