Menara Haw Par

Menara Haw Par on Jalan Sultan Ismail is a 31-storey commercial office block being refurbished in 2002. This commercial building is freehold having a total area of 184,000 square feet for rent. Located in the golden triangle of Kuala Lumpur, it is strategically situated along the road of Jalan Sultan Ismail, right opposite Hard Rock Cafe and Concorde hotel and next to Shangri La hotel. Besides, Menara Haw Par is also surrounded by office buildings such as Menara Prudential, Menara Hap Seng, and UBN Tower. While it provides ample car parks for the tenants, public transportation can also be easily accessed. Apart from taxi, there is bus service along Jalan Sultan Ismail. Moreover, it takes only 2-min to walk to the nearby Bukit Nanas Monorail. This provides convenience to those who want to avoid traffic jam and long distance driving. Menara Haw Par is now occupied mainly by Boston Web group of Companies, the Asian leading IT training provider. It is equipped with central air-conditioners with four different types of sizes starting from 1,200 square feet.

Property Details

Name: Menara Haw Par

Address: Jalan Sultan Ismail, 50250, Kuala Lumpur

Completion Date: 1985

Refurbished Date: 2002

Type: Office

Tenure: Freehold

No of Blocks: 1

No of Storey: 31

Net Lettable Area: 184,000 sf

Rental:

Layouts

1,200 sf

1,400 sf

3,067 sf

3,100 sf

Facilities

120 indoor parking bays

Broadband enabled using Maxis, Time, Digi & Telekom

24-hour security with CCTV

Business centers and cafeteria inside building

6 passenger lifts

1 service lift

1 car park lift

Analysis

With the prime location along Jalan Sultan Ismail, the financial district and one of the busiest streets inside KL, Menara Haw Par's asking rental of approximately RM3.70 psf can be said to be on the low side when compared to other office's rentals nearby. It is even lower when compared to the office rental in KL Sentral, which is already out of the golden triangle but still demands RM6.00 psf for those having 1,900 sf.Although Menara Haw Par is a bit old, having been over twenty years, but it was fully refurbished in 2002. Of course one cannot expect much of the latest modern building structure and style as compared to those newly built ones, but this office block does come with good practical amenities. The whole building of Menara Haw Par is broadband-enabled with quite a number of service providers for selection. This is particular suitable for those IT companies or those firms needing to rely on using Internet for business communications. The presence of the Boston Web group of companies probably is a good guarantee of the broadband quality in this building. The indoor covered car park saves the headache to worry about parking in this busy district. With the 24-hour CCTV security system, it offers people peace of mind when working there. However, traffic can be an issue for tenants working in Menara Haw Par. Being along the busiest street, traffic jam during heavy rain, Friday night and off office hours is unavoidable. It can easily cause few hours of congestion during peak time. Being just opposite to Hard Rock Cafe, there is at least a place to go in case of getting stuck in the jam. The easy access to the nearby monorail also offers a solution. In addition, bus service is also available along the road.