An effervescent and invigorating addition to CKTC’s modern heritage
Kuala Lumpur, 19 July 2017 – The face of Chow Kit now has a prestige landmark – Chow Kit Trade Center (CKTC). Set to be Chow Kit’s first major one-stop wholesale mall for cosmetic products, kitchenware and traditional Malay herbs, the new 10-storey icon in the heart of Kuala Lumpur’s atmospheric localized area is touted to be one of its kind in the country. A settlement boasting a rich heritage of history, CKTC – a freehold development by New Paradise Development under the umbrella of VINSOON Group – breathes a modern touch into the historic town of Chow Kit known for its rows and rows of long-established retail outlets specializing in wholesale goods; elevating the business of wholesaling to a level which allows wholesalers to experience their own unique and exclusive wholesale space at the distinctive one-stop wholesale mall.
Pix: Dato’ Michael Lim, Founder of VINSOON Group, together with the architectural model of Chow Kit Trade Center (CKTC), at the media launch held at Chow Kit Trade Center Sales Gallery. CKTC is set to be Chow Kit’s 1st major one-stop wholesale mall to be completed by end of 2019
Dato’ Michael Lim, Founder of VINSOON Group, said developing CKTC provides significant value not only to Chow Kit but also to wholesalers and investors of CKTC; nurturing Chow Kit to embrace the fast-paced financial and development movement that Kuala Lumpur is now experiencing to be on par with other fast-moving cities all around the world.
“For many years, Chow Kit has served as a great area for the wholesale community including for leisure, due to its great location and varied wholesale products anyone can find in Chow Kit ranging from watches, custom jewelry, fashionable accessories, to household and kitchenware, among others. Armed with a specialized knowledge of the Malaysian market through past projects, we developed an understanding of targeted wholesalers and investors, and truly achieved what we set out to do,” says Dato’ Michael at the launch today.
Overwhelming response for this development echoed the strong demand for CKTC when the project was open to sellers in February 2017. With a net floor area (NFA) of 34,650 sq. ft., the development is currently occupied at nearly 50% occupancy rate from business investors and wholesalers bringing a range of products and stocks focusing on cosmetic products, kitchenware and traditional Malay herbs from China, Thailand, Korea, Indonesia, and many more to come in the upcoming months.
According to Dato’ Michael, after the launch of CKTC, it is foreseen that the whole development will be fully occupied by December 2017, with a gross development value (GDV) of RM156,828,030. The development will be completed by end of 2019. “We have been eager to modernize the area of Chow Kit as we realized the full potential that Chow Kit can give to businesses and tourists alike. Yet, we still want to retail Chow Kit with its story of traditional Asian market as that is what Chow Kit has been known for decades and this cannot be found in any other markets, and this is what attracted both business and tourist to venture in CKTC.”
Chow Kit Trade Center serves as an attractive and convenient hub for those conducting businesses in the surrounding tourist areas as well as those working in buildings within the area, and considered to be the center district for nearby surrounding wholesale markets. CKTC has certainly proved itself as the next big investment opportunity, as CKTC’s biggest tenant MK Curtain – Malaysia’s leading and biggest curtain showroom – has impressively occupied the entire 7th floor of the development, while key tenant Hypershoe – a member of Vinsoon Group occupied the entire 6th floor within the building. With these integrated components, the CKTC development is well poised to becoming the next big thing, and a major one-stop wholesaler for both investment and leisure opportunities in Kuala Lumpur. CKTC comprises 254 lots with built-up areas ranging from 52 to 181 sq. ft. Pricing starts from RM101,400 to RM1,411,800; approximately RM1,950 to RM7,800 per sq. ft.
CKTC’s unique key selling features include:-
- A sky-dining Malay heritage food court concept, for visitors to indulge in the best of local food and beverage at the top of CKTC, touched by reflecting the elegant simplicity of a modern lifestyle inspired by Malay heritage, right in the heart of Klang Valley.
- Easy mobility of visitors within the development’s premises, with easy access to major roads and walking distant to convenient nearby public transport such as the Chow Kit Monorail, Kampung Baru LRT, PWTC LRT, Pekeliling Bus Terminal, and Pudu Sentral UTC.
- An exceptional contemporary wholesale shopping experience in the heart of Kuala Lumpur’s eminent wholesale area, with high-ceiling architecture and surrounding active commercial developments.
- Freehold development in a matured business district, adjoining with major international hotels of Kuala Lumpur.
About New Paradise Development
New Paradise Development Sdn Bhd is a privately-owned property development, with its first and foremost portfolio being the latest Chow Kit Trade Center, Chow Kit’s first major one-stop wholesale mall for cosmetic products, kitchenware and traditional Malay herbs. New Paradise Development set out to establish ourselves as a reputable developer who inspires the community culturally, intellectually and socially through unrivalled projects. We develop and implement quality projects (at competitive costs) that meet and exceed market expectations with our innovative engineering and care for the environment. For more information and media enquiries, kindly contact S&L Integrated Public Relations Sdn Bhd (“SLPR”) as below:
Ms. Eunice Wong / Mr. Leong Tang
Tel: +6012-287 7368 / +6016-448 2488