Southpoint Residences: The Final Chance to Own Mid Valley
In almost three decades of building, Mid Valley City has offered the public exactly two chances to own a piece of it — the Boulevard, and Northpoint. Both were sold early and deliberately, to raise the capital that built the city around them. Everything since, IGB has kept. Southpoint Residences, crowning the township's final parcel, was never offered to the market at all — its keys passed quietly, by invitation, to the families and associates of the developer. Today, for the first time, that door is opening.
A Township That Sold Only Twice
When Mid Valley Megamall opened its doors on 20 November 1999, the land around it was still raw. The Boulevard — the office-and-retail address that rose alongside the mall — launched with units priced in the low hundreds of thousands of ringgit. That same stock now trades in an entirely different universe: a ground-and-first-floor retail lot at the Boulevard is currently asking RM12 million, tenanted at roughly RM41,000 a month. What sold for pocket change three decades ago now commands eight figures.
Northpoint followed as part of Mid Valley's Phase 1, completing in June 2006 under Tan & Tan Developments — two towers of serviced residences and office suites, offered openly to the public. By IGB's own telling, these early parcels — the Signature Offices, Northpoint Office, and Northpoint Residences — were intentionally created for sale, to generate the capital that would build the rest of the city. Northpoint units today transact at a median of around RM717 psf, one of the most established benchmarks in the Mid Valley micro-market.
And then the selling stopped. The Gardens Mall, the hotels, the office towers, the serviced suites — everything Mid Valley built after Northpoint, IGB kept for itself. Every ringgit of appreciation since has accrued to a single landlord who understood precisely what this land would become.
Southpoint: The Final Parcel
Southpoint is Mid Valley's closing chapter — Parcel 3, the final piece of land the township had left to build on. Menara Southpoint rises 59 storeys as a vertically integrated tower: refined retail at its base, dedicated carpark levels above, then floor after floor of Grade A offices — Shopee and IGB Commercial REIT occupy the middle floors, up to Level 36 — before the tower gives everything beyond to its residents. The uppermost floors belong to just 172 exquisitely appointed residences, from generously proportioned two-bedroom homes to five-bedroom penthouses, spanning roughly 1,116 to 5,837 square feet, with the larger residences served by their own private lift lobbies.
The site itself is the reason the address commands what it does. Southpoint is perched on the highest point of the township, astride the border between Selangor and Kuala Lumpur — an elevation that grants its residences an unobstructed, uninterrupted panorama of the KL skyline: the Petronas Twin Towers, Merdeka 118, and the city's towers arrayed with nothing in the foreground. Few residences in the Klang Valley hold that view without also inheriting the city centre's congestion and noise.
A Township That Works For Itself
Mid Valley's advantage was never merely the mall. A true township draws footfall from every direction — shoppers, office tenants, hotel guests, and commuters — and that perpetual current is what keeps the ground beneath Southpoint valuable in every property cycle. The corporate register reads like a directory of names that could office anywhere, and chose here: Shopee, PayNet, SAP, and Knight Frank within Menara Southpoint itself, alongside the law firms and professional practices scattered across the township's office towers. Across the pedestrian link bridge to KL Eco City — SP Setia's mixed-use development next door — sit the head offices of Samsung Malaysia, Zurich Malaysia, Zalora, and Klook, a concentration of multinational and technology tenants that keeps the precinct's occupancy above ninety per cent.
For rail, Mid Valley's own KTM Komuter station is a single stop from KL Sentral, with the Abdullah Hukum LRT station on the Kelana Jaya Line — one stop from Bangsar — reached on foot via the same link bridge. Residents of Southpoint descend from their tower into one of the best-connected transit clusters in the Klang Valley, without ever stepping outdoors.
Completed in 2019. Cleared to Occupy Only in 2023.
Menara Southpoint topped out in 2019, but the residential floors only received their Certificate of Completion and Compliance in December 2023 — a gap that reflects Tan & Tan's build-then-sell philosophy, its first for a residential project. The residences were finished, furnished with the township's full weight beneath them, and then simply not sold. No showroom, no billboards, no launch weekend. The keys moved by invitation alone — to associates and families connected to the developer and the wider IGB group — and the building quietly became home to the kind of residents who never appear on a listing portal: senior political figures, directors of listed companies, families whose names are better known than their addresses. For them, the appeal is as much the fortress as the view — a residence sealed above thirty-six floors of offices, with layered access control that begins long before the private lift lobby.
Only now — years after completion — is Southpoint gracefully opening beyond that inner circle.
Specified, Not Just Finished
Southpoint carries GreenRE Bronze certification and is cooled by a centralised chilled-water system rather than individual condenser units — a refinement borrowed from Grade A office towers, and one that keeps façades clean and interiors whisper-quiet. The finishing follows the same uncompromising logic: full-slab marble laid across the living spaces, solid teak underfoot in the bedrooms, kitchens appointed with De Dietrich and Bosch, and bathrooms crowned with Toto's Neorest — the marque's flagship line. This is a specification sheet composed for owners who intend to live here, not flip here — entirely consistent with a residence that spent four years declining to sell a single unit.
The Numbers
Rental demand at Southpoint already has a track record from its private years — and here, owners set the terms. Two-bedroom residences have concluded tenancies at RM8,500 a month, while three-bedroom homes begin around RM12,000 and have reached as high as RM19,000 — a bracket sustained by the executives working in the floors below and the multinational tenancies across the link bridge. For an owner thinking beyond yield, the proposition is simpler and rarer: this is the last residential land Mid Valley will ever release. Once these 172 residences are allocated, there is no next phase — no Parcel 4, no further tower, because there is no more land.
A Quiet Opening
No marketing campaign accompanies Southpoint's release. There will be no billboards on the Federal Highway, no launch-weekend fanfare. For years the residence existed only as word of mouth among those already woven into Mid Valley's fabric; today that circle is widening — discreetly, and for the first time, to the public. Whether the intention is a home above the city, a legacy asset to pass down, or a retirement address where the mall, the offices, and the train are all an elevator ride away, Southpoint is the final opportunity to own a piece of a township that has spent nearly thirty years declining to sell. The only remaining question is whether you'd care to see it for yourself.