Wisma Mirama is a commercial office building located in the heart of KL city centre. Residing within the city centre, this office building is surrounded by plenty of commercial buildings, sports complex and retail shops. Among developments nearby the building are Wisma ENE, Merdeka Stadium and an array of apartments that include Merdeka View, Bangunan Choo Cheng Khay and Menara Belfield.Wisma Mirama is a 17-storey office building comprising of 6-storey podium and 11-storey office tower with a sub-basement and a basement, located opposite Wisma Bahasa and Budaya. The actual age of the building is unknown, but it is guessed to be around since the 1970s as it was home to Matsushita Sales & Service Sdn Bhd (Masco) first office in 1976. The whole building, spanning over 46,478.56 sf, was sold for RM48,000,000 in 2010. Since then, it has experience a few other transactions as well with the last known one being in 2012. Wisma Mirama is just within 1 km away from Berjaya Times Square, which houses plenty of stores, clothing and apparel boutiques, cafes, cinema and restaurants. Within short driving distance, one can reach Sungai Wang Plaza, Pavilion KL, and KLCC, where plenty of amenities can be found. For public transportation commuters, it is within 5 minute walking distance to the Maharajalela Monorail station (KLM). Wisma Mirama is easily accessible via Jalan Maharajalela, Jalan Hang Tuah, and Jalan Istana. Alternatively, one can reach the vicinity via Maharajalela and Hang Tuah Monorail stations. There is also a Hang Tuah LRT station nearby. With so many public transportation available, traveling to work couldn't be easier.
Property Details
Name: Wisma Mirama Address: Lot 888, Jalan Wisma Putra, 50480 Kuala Lumpur Type: Office Tenure: Freehold No. of Blocks: 1 No. of Storey: 17 Land Area: 1.069 acre Subsale Price: RM48,000,000 (RM1,032.7 psf) Rental: RM2.50 psfAnalysis
Wisma Mirama is an aging building that is over three-decade old. Looking at JPPH information website, several transactions are recorded since year 2005 to 2012. Year 2008 has the most transactions at 11 signings of sale and purchase agreement in that year alone. Looking at its market trend, it is hard to decipher the stability in investing in the building.Wisma Mirama has experiencing major roller coasted transacted pricing. The average price of the building soars at RM3,344 psf in 2008, but plummeted in the coming years with the lowest being RM1,436 psf in 2011. Surprisingly, the price almost doubles in 2012 at RM2,591 psf. There is no major project being discussed publicly regarding the property. Buyers of the building is also not disclosed, hence, the fate of the building is still a mystery.
