News broke last week that a long-standing KL landmark might soon be brought down to make way for a more modern and lucrative development. The word on the ground is that The Concorde Hotel, known as The Merlin Kuala Lumpur from 1957 to 1990, could be demolished to make way for a multi-billion ringgit integrated development.
Sources close to the hotel owner, Ampang Hotel Sdn Bhd, have said that it is considering the move with potential plans already drawn up. However, KL City Hall (DBKL) has yet to confirm if any applications have been made to redevelop the site.
Property consultants are not surprised by the potential move, citing its age and the low plot ratio buildings of that era feature. In today’s KL, more can be earned per square foot with a higher density project.
Stay tuned to this website for further updates…