KLW began its foray into property business in 2014 with the aim to diversify its business and capture new opportunities. The strategy is to develop this business segment to generate recurring income and capital returns.
Lincoln Square Carlton, Australia
23-31 Lincoln Square South, Carlton, Melbourne, Australia
This is a property situated in the vicinity of the renowned Melbourne University. Its proximity to Melbourne’s CBD has rendered it suitable for various types of redevelopment.The property is freehold and has a built-up area of approximately 3,745 square meters sitting on a land area of approximately 906 square meters.
The Group obtained the planning permit from Melbourne City Council on 30 April 2019 for partial demolition and buildings and works including the construction of a multi-storey development for use as dwellings and retail.
South Jakarta, Indonesia
Jalan RA. Kartini No. 18, Jakarta, Indonesia
The land is located in a prime district of South Jakartawhich is surrounded with well-developed infrastructure andfuture MRT track and depot. In addition, it is complimentedby existing amenities such as shopping mall, internationalschool and affluent neighbourhood. The Group hascompleted the acquisition of the land with an aggregatearea of approximately 7,913 square metres and the focusis to achieve potential upside through development.