SELANGOR LIST OF UNDER-CONSTRUCTION | General Thread [Archive]

THT-United

February 11th, 2005, 06:43 PM

New updates (as at February 2005)!

Just completed
- Bayu Puteri Apartments, Tropicana
- Emerald Plaza West Condo, Damansara Perdana
- EPF Building, Jln. Timur (massively renovated, now has a new facade)
- New condo (three blocks, forgot the name also) next to Kelana Puteri condo, Kelana Jaya
- Palm Springs Damansara Condo (six towers of varying heights)
- Sri KDU Secondary School Block, Kota Damansara
- The Curve, Mutiara Damansara

Soon to be ready (final touching-up)
- Amcorp Serviced Suites, PJ State
- Assunta Hospital extension (8-storey building with multi-storey carpark)
- Dataran Prima Condo
- Royale Bintang Damansara Hotel, The Curve

Currently under construction
- 32 Square, Sec. 14
- Armanee Terrace Condo, Damansara Perdana
- Casa Tropicana Condo
- Centerpoint Phase 2, Bandar Utama (next to McD's)
- Cineleisure, Mutiara Damansara
- Condo in Kota Damansara (two 20-storey blocks)
- Li-Villas 2 Condo, Sec. 16
- Low-cost flats at Jln. SS2/72 (in front of Jasmine Towers condo)
- Merchant Square, Tropicana (directly in front of Bayu Puteri apt.)
- Milan Metropolitan Square, Damansara Perdana
- Millennium Place Serviced Apartments and Mall, Sec. 14 (next to Menara Jaya condo)
- New condo behind Damansara Intan
- Office block at Phileo Damansara 1 (6-storey building)
- One Utama Phase 3 (hotel and office tower)
- Some new elevator tower at University Hospital's main block

Abandoned / Status unknown
- Large condo project in Kg. Kayu Ara (forgot the name)
- Office building at Jln. 222-Federal Highway interchange

Proposed
- Dijaya Mall (next to Damansara Intan)
- Hotel in Kelana Jaya (next to Giant Mall)
- Medical Center, Bandar Utama (next to 1u Phase 2)
- PutraLine LRT Station, Lembah Subang Depot
- Shopping mall and office towers in Damansara Uptown
- Shopping mall in SS2 (on the open car park)

TYW

February 12th, 2005, 09:27 AM

any pics to show??:D

thanks for the update;)

THT-United

February 12th, 2005, 07:54 PM

Yeah, i'll try to get some shots of these buildings and projects when i have a digicam on standby...

Anyway, here are some further updates:
- Add to "Proposed" list: Jaya 33 Business Park in Sec. 14

TYW

February 13th, 2005, 07:39 AM

Yeah, i'll try to get some shots of these buildings and projects when i have a digicam on standby...

thanks in advance!! i'll be waiting....:D

THT-United

February 17th, 2005, 02:43 PM

Pix of some constructions in PJ (as at February 2005)! My apologies for the quality as i was using my Clie-TJ37 to take the pictures...

Amcorp Suites (the tallest one with yellow strip)... Btw, notice the change of roof color on the two Amcorp office towers, both are now red (previously blue)!
http://img.photobucket.com/albums/v629/tht_clie-nut/AmcorpMallclusterFeb132005.jpg

THT-United

February 17th, 2005, 03:01 PM

TYW

February 18th, 2005, 11:03 AM

cool!! PJ have a new tallest building:okay:

THT-United

February 21st, 2005, 10:13 AM

Yup... Both Amcorp Suites and Menara MPPJ (around 27 floors each) have been dethroned... After so many years, the title of PJ's tallest building has finally left PJ State and gone to the Damansara Perdana boomtown!

Btw, here's another set of PJ Updates!
- A 20-storey office complex is proposed to be built on the site where Giant Paramount (a former cinema converted to hypermarket) is located.
- Opal Damansara semi-D condo's (what the...?) construction has started, the building currently has less than five floors.
- Pelangi Astana condo (next to Pelangi Damansara condo) near Mutiara Damansara has reached its halfway point, around 18-storeys.
- There is still no news as to what will be built on the site where the former Sentosa Cinema once stood (that PJ landmark was destroyed in a fire in 2000, if i'm not mistaken).
- Another project with no news as well is the final phase of Damansara Uptown... This will comprise a large shopping mall and a 45-storey office tower (the future tallest one!).

baqthier

February 21st, 2005, 10:37 AM

Thanks very much for the updates ler
Armanee rised sooo fast!
As for AMSuites, it resumed as a dream come true which ended up in a nightmare - why the color scheme!? :bash:

TYW

February 21st, 2005, 10:47 AM

THT-United

February 23rd, 2005, 08:31 AM

Thanks very much for the updates ler
Armanee rised sooo fast!
As for AMSuites, it resumed as a dream come true which ended up in a nightmare - why the color scheme!? :bash:
U know lah, Am must have wanted that project to follow its corporate colors... So off goes the white and blue, and now the whole place becomes yellow and red...

Yeah, Armanee grew very fast during this 1/2 year period... I took a pix of that building in July 2004 and it was only around halfway... Feb 2005 showed a topped-up tower with roof structure being constructed... Amazing growth!

I'll have more pix to put here soon... Have to transfer the photos to my photobucket account 1st... Please bear with the wait!

THT-United

February 23rd, 2005, 08:37 AM

Speaking of PJ's tallest, i'll try to recall that particular building for a certain period of time and area...

Early until late 70s: Hotel Jaya Puri, 11-storeys (now Hilton PJ West Wing)... I remember that the 18-storey Uni. Hospital (UMSC) Tower Block was constructed sometime in the mid-70s... Forgot the exact year though (that would have been the tallest until Hilton East Wing was completed)...

1979 - 1988: Hotel Jaya Puri tower, 22-storeys (Hilton PJ East Wing)

1988 - 1998: Menara MPPJ, 27-storeys

1998 - 2004: Amcorp Serviced Suites, 28-storeys

Present day: Armanee Terrace Duplex Condo, 36-storeys

As you can see, from way back in the 70s, PJ's tallest was within or near the State area... Armanee Terrace's topping-up has resulted in the title going away from State and towards Damansara Perdana...

choon

February 26th, 2005, 05:41 PM

Rythem Avenue USJ 15, still halt. pic taken on 26.02.2005

http://img.photobucket.com/albums/v651/pelican71/P2260007.jpg

baqthier

February 26th, 2005, 07:18 PM

wow! so there are rooves around the domes! I tot no rooves! It's 35 storeys. USJ's tallest! :cool:

THT-United

February 28th, 2005, 11:11 AM

Wow, that Rhythm Avenue project is still abandoned? Such a waste... Are there plans to resume the construction?

Btw, here is a quick PJ update:
- The Vista Damansara (that large, halted condo project in Kg. Kayu Ara behind the Shell station) construction work has resumed! I saw the crane of the one topped-up tower removing scaffolding... Apparently the walls are being painted white!

baqthier

February 28th, 2005, 11:35 AM

THT-United

February 28th, 2005, 11:43 AM

Here are February 2005 pix of PJ North developments (including Damansara Perdana and Kota Damansara)!

Armanee Terrace - PJ's tallest skyscraper!
http://img.photobucket.com/albums/v629/tht_clie-nut/ArmaneeTerraceviewedfromDsaraPerdanamainrd.jpg

Cineleisure Damansara
http://img.photobucket.com/albums/v629/tht_clie-nut/CineleisureDamansaraTheCurveFeb05.jpg

Milan Metropolitan Square
http://img.photobucket.com/albums/v629/tht_clie-nut/MilanMetropolitanSq.jpg

One Utama Phase 3 - hotel and office (one tower has grown 4 floors already!)
http://img.photobucket.com/albums/v629/tht_clie-nut/OneUtamaPhase3Feb05.jpg

Pelangi Astana Condo - located in front of Pelangi Damansara Condo
http://img.photobucket.com/albums/v629/tht_clie-nut/PelangiAstanaCondoFeb05.jpg

Perdana Emerald and Plaza
http://img.photobucket.com/albums/v629/tht_clie-nut/PerdanaEmerald.jpg

Perdana View Serviced Residences (front) and Condo
http://img.photobucket.com/albums/v629/tht_clie-nut/PerdanaViewResidencesLandCondo-Feb05.jpg

THT-United

February 28th, 2005, 11:45 AM

Clie..a friend also told me the abandoned building which is a twin to a completed on just beside Summit USJ is to be resumed as a college. Has is resumed already? The frame of the building actually has been completed long time ago.
I'm not too sure about that... But what i know is that the college that is taking over HiTech Village's (the completed one) twin is Systematic Group...

Pablo

March 2nd, 2005, 04:13 PM

That Armanee Terrace dosen't look so tall in the pic. The Perdana Emerald even look talller than it.:D The name of the residential in USJ sound a bit weird but nice;)

Amcorp Suites, i think the giant logo spoit the building..same thing happen in KL, Menara Ambank..Luckily they didn't paint the Menara Ambank like the Amcorp Suites, But i think they won't, coz the material which they used to built Menara Ambank is not concrete, i think:D

TYW

May 6th, 2005, 02:15 PM

Friday May 6, 2005

IJM to complete PJ eight in 3 years

BY ELAINE BOEY

IJM Properties Sdn Bhd expects its latest RM250mil signature development PJ eight to be completed in three years, said IJM Corp Bhd managing director Datuk Krishnan Tan.

Intended to reinvigorate Petaling Jaya's (PJ) central business district that is considerably deserted at night, the project offers an all-in-one concept of home, office and dining facilities,” he said.

With a total land area of 860,000 sq ft, PJ eight comprises three office blocks of 12, 13 and 17 storeys respectively, and a 39-storey apartment block.

“The apartment block will be PJ's tallest building,” Tan said during a media launch yesterday.

PJ eight’s name comes from its location at Section 8, more commonly known as PJ New Town.

Tan said with more than 1,100 parking bays, PJ eight would not face parking problems well known in its locale that faced the Federal Highway, opposite the PJ Hilton hotel.

http://biz.thestar.com.my/archives/2005/5/6/business/p5-ijm.JPG
IJM Properties Sdn Bhd latest project 'PJ eight', located in PJ New Town

“Elevated six metres above ground level, it will have its own serenity despite facing the highway,” he said, adding that it would have four entry and three exit points to ease accessibility.

The project, on 3.9 acres, will be jointly developed by IJM Properties, the property division of IJM Corp, and land owner Idaman Harmoni Sdn Bhd, a subsidiary of Mega First Corp Bhd.

According to Tan, the 12-storey and 13-storey office blocks are already booked and “a lot of interest has been generated from signboards alone.” A public preview of the office suites will be held on May 14-15 and its apartment suites will be launched in August.

PJ eight’s 12-storey office suites, priced from RM390 per sq ft, offers built-up areas of 1,500 to 4,000 sq ft. The apartments range from 668 sq ft one-bedroom suites to 5,000 sq ft penthouses and are priced from RM350 per sq ft.

“

Tan said construction work was expected to start next month and “will be completed on time with fantastic quality.”

“We also focus on post completion maintenance to ensure capital appreciation for buyers,” he added.

PJ eight features a half Olympic-sized pool, squash and tennis courts, gymnasium, barbeque pits and state-of-the-art access card security system.

Lastresorter

May 6th, 2005, 07:28 PM

Cool... I thought few years ago MPPJ had plans to transform the 4 sides of Menara MPPJ to be something like Bintang Walk? not successful ar...

THT-United

May 7th, 2005, 05:05 AM

I think u can say so lor... But at least the place is not considered as deserted at night since the nearby cafes and al-fresco restaurants are popular eateries... Always full of ppl around dinner time...

As for that PJeight development, this one will revitalize that part of PJ State opposite Hilton... At least it is a nice complement to Hilton's guests who will have more choices of food outlets nearby! Apparently construction is going to start next month...

Cool, at least we PJrians are getting another new skyscraper that we can call a landmark!

aku

July 11th, 2005, 04:20 AM

http://i16.photobucket.com/albums/b29/akudandia/UAC-Nightcopy.jpg

:cucumber:

ZaHiRnYa???

July 11th, 2005, 04:37 AM

http://i16.photobucket.com/albums/b29/akudandia/UAC-Nightcopy.jpg

:cucumber:

Looks more like PJ 8 to me ;)

nazrey

August 13th, 2005, 12:25 AM

USJ One Avenue, Subang Jaya
Official site (http://www.mcthomes.com.my/)

http://www.mcthomes.com.my/gallery/GuardHouse.jpg

http://www.mcthomes.com.my/gallery/MainEntrance.jpg

http://www.mcthomes.com.my/gallery/OverView.jpg

Current Work Progress
July' 05

http://www.mcthomes.com.my/gallery/progressjuly.jpg

http://www.mcthomes.com.my/gallery/progressjune.jpg

http://www.mcthomes.com.my/gallery/progress2.jpg

nazrey

August 13th, 2005, 07:42 AM

PJ8 Service Suites

Location: Petaling Jaya
Project concept: Modern and contemporary
Composition: One 39-storey service suite, one 12-storey office suite and two corporate office towers of 13-storey and 17-storey.

http://www.ijmproperties.com/image.php?id=898

nazrey

August 13th, 2005, 08:03 AM

Jana towers
Official site (http://www.janatowers.com/)

http://img3.imageshack.us/img3/5285/jana2iq.jpg

http://www.janatowers.com/showroom/pic01.jpg

nazrey

August 13th, 2005, 06:20 PM

The New CBD In PJ with HQ Potential
Official site (http://www.jaya33.com)

http://img109.imageshack.us/img109/6065/104rg.jpg (http://imageshack.us)

http://img109.imageshack.us/img109/6929/112uk.jpg (http://imageshack.us)

http://img109.imageshack.us/img109/1117/130lo.jpg (http://imageshack.us)

Commercial buildings today have yet to evolve to meet the changing needs and requirements of Malaysian businesses. Fewer commercial buildings are ever built with HQ potential.

Jaya33, the HYPEROFFICE™, was therefore conceptualized differently. Jaya33
is possibly the first Malaysian HYPEROFFICE™ that focuses on space and the
versatility, potential and flexibility that space offers. This hyperoffice
concept incorporates higher building specifications. Jaya33 provides a rare
opportunity for prospective tenants to move to a prime building that speaks
the language of business.

Located on four acres of prime property bordering Sections 13 and 14,
Petaling Jaya, Jaya33 is made up of a five-storey podium block comprising
two floors of showroom space and a three-level car park.

Three towers sit on the podium block, providing a total built-up area of 400,
000 sq ft.

nazrey

August 14th, 2005, 05:45 AM

Petaling utama avenue

http://img138.imageshack.us/img138/5404/156wh.jpg (http://imageshack.us)

Project Name: Seasons Square Shop Lots
Township: Damansara Damai
City: Petaling Jaya
Seasons Square Shop Lots (http://www.iproperty.com.my/property/newconstruction/newpropertydetail.asp?pid=386)

http://www.iproperty.com.my/property/developers/images/housepicture/NC386.jpg

nazrey

August 14th, 2005, 05:46 AM

......

nazrey

August 14th, 2005, 05:47 AM

http://img138.imageshack.us/img138/8366/31bb.jpg (http://imageshack.us)

nazrey

August 14th, 2005, 05:50 AM

Capa suites @ Damansara Intan

http://www.dijaya.com.my/ourproperties/damansaraintan/casasuites/suite1.jpg
http://www.dijaya.com.my/ourproperties/damansaraintan/casasuites/suite2.jpg
http://www.dijaya.com.my/ourproperties/damansaraintan/casasuites/suite3.jpg

THT-United

August 14th, 2005, 03:39 PM

Wow, excellent updates from you guys... Thanks!

Btw, isn't the Casa Suites the building that will be built on the large hole in the middle of Damansara Intan? I saw signs advertising that project on that spot...

nazrey

August 29th, 2005, 06:09 AM

See Hoy Chan to open 5-star hotel in Bandar Utama
Updated : 29-08-2005
Media : Business Times
Story By : VASANTHA GANESAN

PROPERTY developer See Hoy Chan Holdings Group (SH Chan) will open its RM200 million five-star hotel in Bandar Utama, Petaling Jaya, Selangor in early 2007.

An operator has yet to be engaged for the hotel, which is located next to TV3's Sri Pentas.

We are still in negotiations, we are open to both local and international hotel operators, its director Datuk Teo Chiang Kok told Business Times following his presentation at the Asian Conference of Shopping Centre 2005 on Wednesday.

The Bandar Utama Masterplan area has developed so much but there is a lack of a five-star standard hotel in Petaling Jaya, he said.

Teo said the company is happy if the hotel breaks even in the first year of operations at an occupancy rate of 60 per cent. See Hoy Chan has yet to decide on the average room rate.

The 428-room hotel will have two restaurants and a ballroom that will have a 2,000-seating capacity. This is as big, if not bigger than the Sunway Lagoon Resort Hotel, which currently has the largest hotel ballroom in the Klang Valley.

The new hotel will only have two restaurants as it will be connected to the 1 Utama Shopping Complex which houses a total of 120 eateries.

Teo expects the hotel's occupancy to be supported by regional tourists and business people coming to the area.

See Hoy Chan's previous hotel involvement is in the development of Hotel Malaya in Jalan Lekir in Kuala Lumpur.

The company's involvement in the hotel industry may go further.

Teo said See Hoy Chan may consider owning and operating other five-star hotels in the future. In another three years, the group may go to Penang and Langkawi.

See Hoy Chan, who is developing the entire Bandar Utama township, is also involved in oil palm plantations and provision of financial services. They also run the KBU International College.

nazrey

October 11th, 2005, 08:36 AM

Fantastic Take-Off for Maiden Project in Subang Jaya!
95% of e-TIARA Serviced Apartments Sold!

It was indeed a fabulous start for the e-TIARA Serviced Apartments! Guests invited for the soft launch and viewing of the show unit in March 2004 were quick to snatch up the offered units.

The overwhelming response and sales were only to be expected in view of the project's strategic location along Persiaran Kemajuan in Subang Jaya, next to Carrefour. On top of that, the following features also serve to make it a real bargain buy.
• A leisure themed residence that comprises a swimming pool, wading pool, BBQ pit/ poolside bar counter, squash courts, gymnasium, games room, garden scapes, reflexology paths, children's playground, multipurpose hall, surau, centralised SMATV, visitors' car park and covered car park with car-wash bay for residents. 24-hour guard service with access card security system and housekeeping services.
• A convenient lifestyle with retail lots on the ground floor offering various services like alfresco dining, cafe, launderette, grocery store, confectionary, clinic, hair & beauty saloon, etc.
• A feehold property in a high value location, i.e. exclusive Subang Jaya township which is well established with renowned educational institutions, a much sought after medical centre, hotels, shopping & commercial centres, etc.
• The KTM Komuter Station, opposite the development provides reliable, convenient and hassle-free travel to KL (KTM Komuter connects with the Monorail & LRT systems at KL Sentral). Klang and Port Klang.
• Choice of 1+1, 2 and 3 bedroom units to suit individual needs and budgets.

http://www.titijaya.com.my/images/et_title.jpg

http://www.titijaya.com.my/images/et1.jpg
http://www.titijaya.com.my/images/et2.jpg

nazrey

November 22nd, 2005, 06:11 PM

Jana towers
Official site (http://www.janatowers.com/)

http://img3.imageshack.us/img3/5285/jana2iq.jpg

http://www.janatowers.com/showroom/pic01.jpg

http://img447.imageshack.us/img447/2236/5234535bw.jpg

nazrey

December 1st, 2005, 01:23 PM

Roads in Petaling Jaya looking good
Thursday December 1, 2005
By JAYAGANDI JAYARAJ

ROADS in Section 19, Petaling Jaya, are looking good lately, thanks to a RM363,000 re-surfacing job by Petaling Jaya Municipal Council (MPPJ).

“It is part of our policy to re-surface roads every five years as they need to be repaired constantly,'' said Da-mansara Utama assemblyman Datuk Lim Choon Kin.

He said upgrading and re-surfacing of roads in Petaling Jaya would be carried out phase by phase according to the allocation of budget.

http://thestar.com.my/archives/2005/12/1/central/m_p4drain.jpg

Workers covering up the monsoon drain in Jalan 19/8 in Petaling Jaya.

He said the allocated budget for next year would be used to upgrade roads in the SS2 area.

Lim said MPPJ was currently studying traffic condition at the Rothmans roundabout to install traffic lights to reduce congestion during peak hours.

“Under MPPJ’s engineering department, RM1mil has already been allocated to study and upgrade Jalan Harapan in Petaling Jaya,” said Lim during a visit to the Jalan 19/8 upgrading works recently.

Totalling about RM797,000, the upgrading works along the road include building a 400m-long walkway and covering up an open monsoon drain.

The appointed contractor for the project is Siara Bina Sdn Bhd. The 18-week work commenced on Nov 7.

nazrey

December 1st, 2005, 01:46 PM

Saujana Residency, Subang Jaya

http://img210.imageshack.us/img210/3371/9790ls.jpg

nazrey

December 1st, 2005, 01:58 PM

Milan condominium, Petaling Jaya

http://img210.imageshack.us/img210/6830/4524354ax.jpg

Lastresorter

December 12th, 2005, 03:40 PM

Found this in webshot.

http://image03.webshots.com/3/6/37/99/2663799HIwGPmiNCw_ph.jpg

Plaza PJ. Issit in PJ?? by Gerak Reka Arkitek (GRA)??

baqthier

December 12th, 2005, 07:14 PM

^ webshots blocks hotlinking of their images :(

baqthier

December 12th, 2005, 07:16 PM

So many stuffs going on in PJ it seems

Lastresorter

December 13th, 2005, 03:46 AM

Here's a repost of Plaza PJ. Can anyone confirm where this is? They are goodlooking buildings.

http://img526.imageshack.us/img526/3314/2663799hiwgpmincwph2hz.jpg

ZaHiRnYa???

December 13th, 2005, 04:04 AM

Here's a repost of Plaza PJ. Can anyone confirm where this is? They are goodlooking buildings.

http://img526.imageshack.us/img526/3314/2663799hiwgpmincwph2hz.jpg

Wow :omg: Great find...where did you get it?

Any info whereabout is the location?

Lastresorter

December 14th, 2005, 09:16 AM

^^ I got it from webshots... So no one knows where this is?

From the model I assume it's somewhere along Federal Highway. The highway and ramp...

TYW

December 14th, 2005, 04:08 PM

cool design!! looks like Dubai

nazrey

December 24th, 2005, 08:56 AM

Plaza Kelana Jaya phase II - PJ's Premier Lakefront Commercial Hub
Official site (http://www.plazakj.com/)

http://img373.imageshack.us/img373/6205/kj31iy.jpg

http://img373.imageshack.us/img373/2488/kj17ma.jpg

TYW

December 24th, 2005, 09:06 AM

cool project!! love the lake

ZaHiRnYa???

December 25th, 2005, 02:45 PM

started already ke this one? look nice to me :D

pedang

January 9th, 2006, 04:47 AM

i was in klang.. city of king
:eek2: :eek2: :eek2: :eek2: :eek2:

saw many u/c resume back on track.. around bandar baru klang n bandar bukit tinggi.

really boomm. klang so wide.. huge area n got many cluster cbd.

klang city square 15 storey.. located in main cbd area,, almost complete..
same thing with menara klang 20 storey.

THT-United

January 10th, 2006, 04:14 PM

Here's a repost of Plaza PJ. Can anyone confirm where this is? They are goodlooking buildings.

http://img526.imageshack.us/img526/3314/2663799hiwgpmincwph2hz.jpg
I think this one is the project that is located opposite Hilton PJ and next to the Fed... It's now the PJeight being developed by IJM Properties...

THT-United

January 10th, 2006, 04:15 PM

Here's a repost of Plaza PJ. Can anyone confirm where this is? They are goodlooking buildings.

http://img526.imageshack.us/img526/3314/2663799hiwgpmincwph2hz.jpg
I think this one is the project that is located opposite Hilton PJ and next to the Fed... Unfortunately it was halted due to the economic slowdown...

The development has been revived by IJM Properties though... The one being constructed now is called PJeight...

THT-United

January 10th, 2006, 04:20 PM

nazrey

January 11th, 2006, 12:35 PM

MPSJ to rebuild missing speed bumps
Wednesday January 11, 2006
By LIM CHIA YING
chiaying@thestar.com.my

THE missing speed bumps in Bandar Puteri Puchong will be rebuilt, Subang Jaya Municipal Council (MPSJ) president Mohd Arif Abdul Rahman said.

In giving this assurance during a dialogue with Bandar Puteri Puchong residents at the council headquarters in Subang Jaya, Mohd Arif said he would look into the design of the speed bumps and forward the suggestion to developer IOI Properties Bhd.

Residents claimed that close to 20 speed bumps in the housing estate were abruptly removed in October last year. The residents had requested for the speed bumps, which were built in 2002 by the developer with approval from MPSJ.

Bandar Puteri 8 Residents Association adviser Samson David Maman said residents did not know who ordered removal of the humps.

He added that neither the residents nor the JKP Zone 20 of MPSJ, which represented people of Bandar Puteri Puchong and Pusat Bandar Puchong, were informed or consulted on this matter.

“We are requesting for speed bumps in critical spots like T-junctions and turnings,” he said.

Bandar Puteri 8 RA chairman Jeswant Singh said the humps were vital as motorists often sped down the road.

“Since the road humps were built, accidents have been kept to a minimum and it was safe for residents to cross the road.

“Bandar Puteri Puchong has a hilly terrain, and there are blind spots which drivers can’t see. People’s lives are at stake, because drivers speed on the road even though this is a residential area,” he added.

Samson said the residents were happy with the outcome of their dialogue with Mohd Arif.

nazrey

February 6th, 2006, 06:56 AM

Banting’s ‘giant’ bridge almost ready
Monday February 6, 2006
Story and photos by Elan Perumal

THE new RM35mil bridge over Sungai Langat in Banting will soon be opened to traffic. However, it is not something the town’s residents are looking forward to.

Most feel that the bridge is gigantic and looms over the small town.

http://www.thestar.com.my/archives/2006/2/6/central/06bridge.jpg

The new bridge was built to allow barges transporting
scrap metal on Sungai Langat to pass through the area

They also claim that the structure is not user friendly especially to motorcyclists, cyclists and pedestrians.

Retired teacher A.C. Chan, 58, of Taman Seri said the bridge was too steep for cyclists coming up or down it.

”I also don’t think the one-metre-wide cycling and pedestrian path provided on both sides of the bridge is safe as the railings are too low.

“Cyclists and pedestrians could easily be bulldozed into the river in the event of an accident due to the low railings,” he said.

http://www.thestar.com.my/archives/2006/2/6/central/06chan.jpg

Chan pointing at the narrow and raised pedestrian and
cycling path on the bridge and the dangerouslylow railings.

He also feared that motorcyclists and heavy vehicles would face problems going up the bridge due to its high gradient.

“Motorists, especially bikers, may face difficulty controlling the speed of their vehicles when going downhill,” added Chan.

Sekolah Rendah Tamil Teluk Datoh parent-teacher association chairman K. Udaiyakumar said he felt that pupils from the school and other nearby schools would face a problem cycling across the bridge.

“A substantial number of schoolchildren currently cycle across the existing bridge built by the Works Department,” he said, adding that senior citizens who currently cycled around the small town were expected to find it difficult to cycle up and down the new bridge.

Another retired teacher, Jackob Mathew, 58, said, the bridge had been inappropriately built in the middle of the town.

“I feel it is really out of place and we are going to face a lot of inconvenience because of it,” he said.

The bridge, built by Lions Group, is to allow barges transporting scrap metal on Sungai Langat to pass through the area. Currently, the barges are unable to pass because the existing bridge is too low.

nazrey

February 14th, 2006, 05:31 PM

Boustead to offload tower project for RM168m
14 Feb 2006 7:40 PM
Source : News (http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_685ce457-cb73c03a-1e807610-be6637c3)

Boustead Properties Bhd’s unit, Mutiara Rini Sdn Bhd (MRSB), has proposed to disposed of a 26-storey office tower to be constructed on a piece of freehold land in Sungai Buloh, Selangor held by MRSB to Lembaga Tabung Angkatan Tentera for RM168.33 million cash.

MRSB signed an agreement with LTAT towards this on Feb 14, which would allow the Boustead Properties group to generate income during the construction period of the tower, located in the mixed residential and commercial development area known as Mutiara Damansara.

The development cost of the property is about RM149.3 million, which would result in a gain on disposal of about RM19 million, Boustead Properties told Bursa Malaysia on Feb 14.

Construction of the tower is expected to commence in September 2006 and it is expected to be completed by August 2009.

patchay

February 15th, 2006, 05:01 AM

I wonder how de office tower in Mutiara Damansara will look like...cant wait to see de rendering.

nazrey

February 17th, 2006, 02:50 AM

Sports complex in Rawang
Friday February 17, 2006
By STUART MICHAEL

RESIDENTS in Rawang will have a sports community complex, complete with a caf้teria, by the year's end.

The complex, to be built by Khaleej Sdn Bhd, will be sited on a 1.2ha land in Taman Jati that is currently being used as a football field.

As such, a new football field will be provided on a 0.6ha vacant land next to the Selayang Municipal Council community hall in the neighbourhood.

Project director Daniel Alfred said work would start this month after approval was obtained from Gombak Land Office, and construction would take eight months to complete.

http://www.thestar.com.my/archives/2006/2/17/central/m_pg08jati.jpg

The football field in Taman Jati that will make way for the sports complex.

He said this to the press during a visit to the complex's site with Rawang assemblyman Datuk Tang See Hang last Thursday.

“The new RM3.75mil complex will have netball, badminton, sepak takraw and volleyball courts, an international-size futsal pitch and indoor hockey arena.

“Besides the caf้teria, other facilities are sports shops, a hall, gymnasium and parking lot,” said Alfred, who added that this project was part of the Youth and Sports Ministry's programme to build sports community complexes in state constituencies.

Tang said the sports complex would enable the community in Rawang to participate in healthy activities, with convenience.

“Now, we only have a football field and when it rains, the field will be flooded. The field is also uneven and not very suitable to be used for football.

“By next year, we will have many sports facilities, both indoor and outdoor, located at the complex. We will organise sports activities,” said Tang.

pedang

February 26th, 2006, 12:43 PM

selangor maps
http://www.geocities.com/pedangpemusnah/selangor.gif

nazrey

March 2nd, 2006, 10:23 AM

Upgrading of bridge over Sg Gasi
Thursday March 2, 2006

THE bridge over Sungai Gasi near the Sierramas flyover along Jalan Sungai Buloh-Kepong will be upgraded to a 20m single span bridge to improve water flow and avert flash floods.

The river will also be deepened and widened.

The upgrading works will carried out by Federal Territory Public Works Department (PWD) as part of the Federal Route 54 road project. It is expected to be completed by the year's end.

A triple cell box culvert that served as the bridge will be demolished. In the meantime, motorists will use a temporary 4.8m-wide bridge.

The steps were recommended by Petaling District Drainage and Irrigation Department's appointed consultants to study the river's flow and capacity in efforts to overcome floods affecting the stretch of Jalan Sungai Buloh-Kepong below the Sierramas flyover.

Bukit Lanjan assemblyman Yong Dai Ying said the flash floods that occurred at the stretch in December trapped many vehicles in a metre-deep water.

Earlier Yong had attended a special meeting with representatives from Petaling District (PWD), Petaling District DID and Petaling Jaya Municipal Council.

nazrey

March 2nd, 2006, 10:25 AM

RM35mil bridge safe and sound
Thursday March 2, 2006

THE Lions Group which has completed the construction of the RM35mil bridge in Banting has assured users that the structure was built according to approved specifications.

Though gigantic in appearance, officials from the group said they had considered all factors before constructing the bridge.

Contrary to the concerns raised by residents, an official said the bridge would be providing additional comfort for its users.

http://www.thestar.com.my/archives/2006/3/2/central/06road.jpg

The new 600m bridge in Banting has wide lanes
for motorcylists, cyclists as well as pedestrians.

He said the new 600m bridge has special two metre wide lanes for motorcyclists and cyclists.

“A special lane measuring one metre in width for pedestrians is also provided on both sides of the bridge.

So the issue of the bridge posing a danger to motorists and pedestrians should not arise, said the official.

On concern regarding the high gradient, he said motorists would not be facing a problem going up the bridge as its gradient stood at only 6.5%. The maximum gradient allowed is 8%.

“We have also fitted the bridge with 1.1m high railings. Pedestrians can have a nice view of the river while walking on the bridge,’’ he added

The official said the bridge was ready for use and that they were awaiting the green light from the state Public Works Department to open.

“We know that the commuters are waiting for the bridge to open and we also want to do so as soon as possible,'' he said.

nazrey

March 2nd, 2006, 04:53 PM

Project Name: Seasons Square Shop Lots
Township: Damansara Damai
City: Petaling Jaya
Seasons Square Shop Lots (http://www.iproperty.com.my/property/newconstruction/newpropertydetail.asp?pid=386)

http://www.iproperty.com.my/property/developers/images/housepicture/NC386.jpg

MK Land upbeat on property demand
March 2 2006

PROPERTY developer MK Land Holdings Bhd is still optimistic of demand for its shop-offices and condominiums despite higher borrowing costs and a petrol price increase that may hit consumer spending.

"We remain optimistic that demand for our products will sustain because most of our properties are in prime locations. Our target customers are mainly from the middle- to higher-income earners," Medan Prestasi Sdn Bhd's general manager of operations Kamarulzaman Abu Bakar said.

Medan Prestasi is a subsidiary of MK Land.

Kamarulzaman was speaking to reporters at the relaunch of MK Land's Season Square three- storey shoplots in Damansara Damai, Selangor, yesterday.

MK Land initially launched the shoplots 10 months ago. The 4ha project is made up of 388 shoplots and has a gross development value of RM104 million.

Today, having sold 80 per cent of the commercial units, MK Land is positive that it is able to sell the remaining 70 units by the end of the month.

"We have special arrangements with our panel of bankers. For Bumiputera buyers, a 100 per cent loan is available whereas for non-Bumiputeras, they can take loan up to 90 per cent of the purchase price," Kamarulzaman said.

Damansara Damai is accessible through the North-South Expressway, the Damansara-Puchong Highway and the Middle Ring Road 2.

"We believe with these offerings, the popularity of our houses, shops and condominiums will sustain," he added.

nazrey

March 20th, 2006, 08:54 AM

SEASONS SQUARE SHOPS, PETALING JAYA

http://img96.imageshack.us/img96/8704/2126wd.jpg

nazrey

March 24th, 2006, 12:50 PM

PJX set to be new landmark
Updated : 24-03-2006
Media : The Star
Story By : NICK LEONG

PETALING JAYA: Builder SBC Corp Bhd and partner H. M. Shah's Realty Sdn Bhd expect the new RM150mil PJ Exchange (PJX) to become an icon and the Klang Valley's most sought after office address.

SBC Corp managing director Sia Teong Heng said the 34-storey building, to be built near the Taman Jaya Putra LRT station near the Federal Highway, had already attracted leasing enquiries from local and international parties.

“Normally they will wait until the building is completed but we think there is pent-up demand for quality office. We are targeting aggressive new companies that are upgrading but we do not have many units to sell anyway because we are keeping 70% of the tower,” he said during a media briefing here yesterday.

Sia said PJX was a Grade A glass facade office tower with 300,000 square feet net of lettable space built on 2.31 acres.

“Quite simply, it is one of the most inspiring architectural approaches of our era. PJX will be one of the most desirable office suites in Petaling Jaya as well as the Klang Valley when completed in 2009,” he said.

Sia said the building, designed by ArchiCentre Sdn Bhd, combined contemporary design elements with modern architecture and world class finishing.

It features a three-level commercial podium housing large specialty shops, a highly advanced health club, recreational facilities, and a pool deck with food and beverage outlets.

Sia said SBC Corp, formerly known as Siah Brothers, built landmarks including the Empire Tower, Bank Negara building and the award-wining Menara Mesiniaga.

PJX is a joint-venture project between SBC Corp and Shah's Realty with the latter holding a 30% stake.

TYW

March 24th, 2006, 03:48 PM

interesting projects!! it seems like we have few project updates from PJ :(

baqthier

March 25th, 2006, 05:59 AM

http://img96.imageshack.us/img96/8704/2126wd.jpg
nice

nazrey

April 3rd, 2006, 08:39 AM

Glass tower with many facilities in PJ
Monday April 3, 2006

http://www.thestar.com.my/archives/2006/4/3/central/p14PJx.jpg

An artist’s impression of the PJ Exchange.

SBC Corporation Bhd’s role in dotting Petaling Jaya’s skyline with iconic landmarks for the past 50 years continues with their latest office tower known as PJ Exchange (PJX).

A 34-storey, design-led office tower with a north-south orientation built on 2.31 acres of land, PJX is designed by award-winning ArchiCentre Sdn Bhd.

It will comprise a six-storey podium of 26-level business suites and approximately 670 parking bays.

There will also be a three-level commercial podium housing large specialty shops, health club, recreational facilities, a pool deck with F&B outlets at the open podium level, and a bar and private dining facilities with a penthouse business and conference centre at the PJX sky lounge.

The building will be located next to the Federal Highway near the Taman Jaya Putra LRT Station.

“SBC has played an integral role in helping to shape the skyline of the Klang Valley as a builder and we are now excited about the first iconic glass tower in Petaling Jaya,” said SBC Corporation Bhd managing director Sia Teong Heng.

“With PJX’s high connectivity, PJX has a strategic location to both attract and retain a skilled workforce as well as being a highly desirable business venue.''

SBC brand communications consultant Stephen Hodgson revealed that the building has already attracted active leasing inquiries from international and overseas businesses, despite the lack of publicity on the project.

Partner in the PJX project is H.M. Shah Realty Sdn Bhd. The partnership is significant because both companies and the families behind them have a relationship that spans more than 50 years.

“It was 50 years ago that SBC built the first bowling alley in Petaling Jaya at the site where my father’s Shah Village Hotel is located now,” said H.M. Shah Realty director Shahrum Ali Shah.

Selangor Mentri Besar Datuk Seri Dr Mohd Khir Toyo launched the project recently at Dataran Petaling Jaya. Guests were then treated to dinner at Shah Village Hotel.

nazrey

May 22nd, 2006, 10:12 AM

The changing face of Klang
Valley View by Brian Martin
Monday May 22, 2006
thestar

DRIVING in to Klang via the Federal Highway, NKVE or Kesas, one can’t help but notice several multi-million ringgit development projects nearing completion.

http://www.thestar.com.my/archives/2006/5/22/central/m_p6hotel.jpg

An artist’s impression of the office and retail complex
called Centro that is scheduled to be completed in a year.

This resurgence in property projects has reversed the alarming trend in recent years of people moving out of the Royal Town for a better standard of living elsewhere – hardly surprising, because Klang has long been saddled with an image problem: dirty, traffic-congested and crime-ridden.

But there are encouraging signs that Klang is changing for the better.

Well-known property developer Datuk Teo Chiang Kok of the See Hoy Chan group is undertaking one of the biggest rehabilitation projects in the municipality.

He is turning an almost decade-old abandoned hotel project into a RM120mil, iconic and cutting-edge office and retail complex called Centro.

The 28-storey freehold office tower over a three-storey retail podium will be the tallest building in Klang and boast a million sq ft in built-up space. Work is going on at a feverish pace to complete the retail podium by this November and the office tower by May 2007.

http://www.thestar.com.my/archives/2006/5/22/central/m_p6water.jpg

Picturesque water fountains at
Bandar Botanic’s central lake

Over at the southern part of the town, new housing estates have sprung up. Bandar Puteri, Bandar Botanic and Bandar Bukit Tinggi have provided Klangites with gated-community type homes on par with similar ones in Subang Jaya or Petaling Jaya.

Enroute to Port Klang, a new shopping centre – Harbour Place – is taking shape. Next to it the new Pantai Klang Medical Centre is nearing completion.

These and other projects have given Klang a new vibrancy.

With a host of highways connecting it to Shah Alam and other parts of the Klang Valley, a growing number of commuters have made the Royal Town their home. Many of them are not put off over the 30min-45min commute to Kuala Lumpur or Petaling Jaya.

For these people, the municipality’s reputation as a food haven and the relatively cheaper houses are a powerful enough incentive to make Klang their home.

It’s not all good news though. While the Klang Municipal Council (MPK) has shown vast improvement since Abdul Bakir Zin took over as president last year, much still needs to be done.

The township, including the famous Klang River, is still dirty. It’s no surprise that Klang has a reputation for being a crow’s town. With so much juicy garbage on offer, why should the crows leave?

The traffic is still horrendous, making driving into Klang’s central business district a daily chore.

A new traffic system needs to be implemented in this area, and Klang is badly in need of a third bridge connecting its northern and southern parts.

As far as serious crime is concerned, the police should intensify their efforts in ridding Klang of its gangster-infested areas. The crime rate in the municipality has dropped, and for that the police should be commended, but they need to remain vigilant because incidences of snatch thefts are still common.

JKT_NY

May 23rd, 2006, 08:00 PM

hey guys, have you guys heard of "troika"? a three-tower highrise residential project on 2.13 acres in Kuala Lumpur’s classy Jalan Binjai locale. Set adjacent to the prestigious Kuala Lumpur City Centre development that houses the Petronas Twin towers, the project, said to be worth more than RM500 million, will not only be BRDB’s flagship development but also the benchmark for high-end residential real estate in the country.

btw. anyone of you heard of the name "dato mohammed moiz" ???

sorry guys, pretty new to this, im not sure how to insert fotos. maybe you guys can help.
http://www.emporis.com/en/il/im/?id=416440

pedang

June 12th, 2006, 01:48 PM

I&P rancang projek peranginan dengan PNSB

Oleh AINUL ASNIERA AHSAN

KUALA LUMPUR 11 Jun - Island & Peninsular Bhd. (I&P) merancang melaksanakan projek pembangunan peranginan bernilai jutaan ringgit - Seri Morib, Selangor sini secara usaha sama dengan Permodalan Negeri Selangor Bhd. (PNSB), pada tahun ini

I&P merupakan antara syarikat pemaju hartanah terkemuka di negara ini dan kepentingannya dimiliki oleh Permodalan Nasional Berhad (PNB).

Pengarah Hartanah I&P, Datuk Roszali Othman yang enggan mengulas lanjut berkata, pembangunan itu melibatkan kawasan seluas 720 hektar untuk tempoh selama 15 hingga 20 tahun.

Beliau memberitahu, projek yang menyaksikan I&P memegang 70 peratus kepentingan dalam usaha sama itu dan bakinya 30 peratus PNSB, akan dilaksanakan mengikut keperluan pasaran.

Roszali juga berkata, I&P turut berminat untuk membangunkan rumah peranginan untuk korporat bagi kemudahan kakitangan mereka bercuti.

Selain projek yang dirancangkan itu, beliau menambah, I&P telahpun memiliki pusat peranginan Hotel Impiana Morib bersama PNSB.

Roszali berkata, pusat peranginan yang baru akan mempunyai 50 buah bilik biasa dan mewah serta kemudahan bermain golf.

‘‘Kami yakin projek peranginan itu bakal mendapat sambutan kerana lokasi berkenaan sesuai bagi mereka yang ingin lari daripada kesibukan kota.”

Katanya, sebelum ini I&P berpengalaman membina rumah peranginan korporat di Bukit Fraser.

Mengenai projek-projek rumah kediaman I&P, Roszali berkata, pihaknya akan melancarkan projek Alam Impian di Shah Alam yang dimajukan oleh anak syarikatnya, I&P Alam Impian Sdn. Bhd. pada bulan depan.

Katanya, projek yang bakal dibina di atas tapak seluas 572 hektar itu, akan membangunkan 12,000 buah rumah kediaman bagi menampung 60,000 penduduk.

‘‘Projek ini juga membabitkan pembangunan jangka panjang antara 15 hingga 20 tahun,” kata beliau.

Roszali berkata, I&P juga mendapat kelulusan membina unit kediaman berkembar dengan harga RM700,000 sebuah.

‘‘Walaupun harganya tinggi tetapi berdasarkan rekod I&P selama ini kami optimis projek Alam Impian akan mencatatkan jualan seperti projek-projek lain sebelum ini,” katanya.

new township in making :)

nazrey

June 13th, 2006, 06:45 AM

Wijaya set to secure RM1b Selangor infrastructure job
From Chong Pooi Koon
June 13 2006
BusinessTimes

Wijaya Baru Global deputy CEO Faizal Abdullah says it should finalise talks
on the project with the Selangor Government by the end of the year

TIMBER and medical firm Wijaya Baru Global Bhd (WBG) is set to secure a RM1 billion infrastructure project in Selangor soon through its 45 per cent associate, Wijaya Baru Sdn Bhd.

WBG deputy chief executive officer Faizal Abdullah said it should finalise talks on the project with the Selangor State Government by the end of the year.

"Our associate company should be the main contractor for the project. It's a big infrastructure project worth around RM1 billion. That's all I can say," he told reporters after WBG's shareholders' meeting in Petaling Jaya yesterday.

"Wijaya Baru is expected to continue contributing positively to our profit," Faizal added.

WBG chairman Datuk Abdul Azim Mohd Zabidi said Wijaya Baru had secured an extra RM700 million contract for the construction of the Port Klang Free Zone.

He said timber will continue to be the company's core business but its medical division, which accounted for just 3 per cent of its group revenue of RM73.8 million last year, should grow tenfold in the next three to five years.

WBG had spent RM100 million on Wiaya International Medical Centre in Petaling Jaya and is looking at expanding the facility it is now rented from a third party, Abdul Azim said.

The company also plans to finalise deals for the purchase of a medical centre in Kuala Lumpur by the year-end as well as the sale of expensive FDG (flouro deoxy glucose) to five medical centres.

Faizal noted that Wijaya medical centre is one of only two facilities in the country with the capability to produce FDG, which is used to detect cancer at an early stage.The other is Putrajaya Hospital.

FDG is produced by the company using its Cyclotron machine, and company executives said its FDG should cost at least 30 per cent less than the one sourced from Singapore.

Insiders said a dose of FDG could cost several hundred thousand ringgit.

Faizal said WBG will be buying a 62ha site in Pulau Indah in Klang for about RM130 million via a fund-raising exercise. The land will be developed into a free zone.

On its timber actitivies, Abdul Azim said WBG is seeking an extension of its timber concession from the Sarawak State Government.

"Our concession is going to expire in four years. We have applied for an extension. We are considering reforestration at the timber concession."

nazrey

June 13th, 2006, 07:18 AM

Centro to give Klang a facelift
12-06-2006
The Star
By S.C. CHEAH

http://www.thestar.com.my/archives/2006/5/22/central/m_p6hotel.jpg

Centro

IT is going to cost the Centro Properties Group about RM80mil to complete an abandoned hotel project in Klang and turn it into a modern office cum retail complex called Centro.

The company belonging to well-known property developer Datuk Teo Chiang Kok expects to reap sales of RM120mil.

The 28-storey freehold office tower over a three-storey retail podium will be the tallest building in Klang boasting a million sq ft of built-up space. It is located at Jalan Batu Tiga Lama that fronts the Federal Highway.

The Centro is being sold in modules from 490 to 23,000 sq ft for an entire floor plate and boasts 300,000 sq ft of net saleable space with 700 covered parking bays in two basement levels, and another 100 bays for surface parking.

The retail podium is scheduled for completion this November and the office tower by May 2007.

Teo has done his homework well.

The rehabilitation process is not messy, as much of the building had been completed before it was stalled and inspections showed that the structure was sound. The hotel with corporate suites was never sold.

The new positioning also seems right. Instead of selling the retail lots, Teo is keeping all of them for rental purposes and also better management control.

To woo people to the complex, Centro will have a food and beverage strip with 15 outlets in an alfresco setting. This will also meet the growing demand for higher-end outlets that is lacking in Klang.

However, it is more than the profit margin that the veteran developer is looking at.

For him it is also a win-win situation for the Klang Municipal Council, which has been very co-operative, as reviving the abandon project will boost Klang's image.

As a director of See Hoy Chan Holdings Group and Bandar Utama City Centre Sdn Bhd, Teo has been shouldering the family business for years.

Now through the Centro Properties Group, he has paved the way for his children to follow in his footsteps. His very name carries weight on the project.

Many parents, especially businessmen, always harbour hopes of having one of their children become a doctor or a professional.

Perhaps it is the family environment that encourages and moulds the interest of the children to follow in their father's footsteps.

Similarly, as a property developer I guess this somehow could have kindled my children's interest in the field of property development, he said.

What words of advice would Teo give his children (two sons and a daughter)?

Reputation has to be earned and nurtured and they must build upon it all the time. This can only be accomplished by delivering on all our promises, he said.

Teo, 59, said it was his philosophy that one could be allowed to err in judgment once, but one must learn from it and should not repeat the same mistake.

Actually, there is no rocket-science formula in running a business. Many business decisions can be made through common sense or step-by-step elimination of options. I believe in the human spirit and the tenacity one can bring forth when confronted with a problem.

There is no short cut to experience which can only be accumulated through time and making judgemental decisions and of course, mistakes along the way,~{!1~} he added.

Teo wears many hats.

He is FIABCI Malaysia president (FIABCI is the French acronym for the International Real Estate Federation), Malaysian Association for Shopping and High-rise Complex Management (PPKM) advisor and the Associated Chinese Chamber of Commerce and Industry Malaysia (ACCCIM) national council member.

He is also ACCCIM's Construction and Property Committee chairman and the Financial and Planning Committee and Asian Affairs Committee deputy chairman.

Does he plan to retire and what does he think of his work and social obligations?

I wish I can (retire). Work is not a burden so long as you enjoy what you are doing and believe in the objective.

My involvement in FIABCI, PPKM and ACCCIM are most fulfilling as these NGOs address problems and challenges facing the private sector, business conditions, the economy and our competitiveness in an increasingly globalised world, he said, adding that Centro Properties Group would embark on any viable project, be it a green field development, or rehabilitating abandoned projects.

nazrey

June 22nd, 2006, 08:43 AM

Hypermedia library for Bandar Puteri
Thursday June 22, 2006
By DHARMENDER SINGH
TheStar

THE Subang Jaya Municipal Council (MPSJ) has signed on to a joint venture project with a company to build a hypermedia library for Puchong at a plot of land in Bandar Puteri. The land had been reserved for a council office.

Kinrara assemblyman Dr Kow Cheong Wei said the joint venture and the project had been endorsed by Selangor Government.

He added that the land status needed to be converted before work could start.

“Under the agreement, the company will build the library and in exchange will be allowed to build shop and business lots for sale at a 0.5ha plot of land,” said Dr Kow, who is also an MPSJ councillor.

The library will be scaled down from the original plans. MPSJ had in 2001 allocated RM12mil to build the largest library in the municipality. Work was scheduled to take off in 2002 in Pusat Bandar Puchong but was put off after Puchong residents expressed their view that the council was overspending on the project.

Puchong is the only one of three townships within the Subang Jaya municipality still without a hypermedia library.

The hypermedia library in USJ 9 opened its doors in 1999 while the one in Seri Kembangan began operating in 2001.

Dr Kow said the library was much needed in Puchong to meet the needs of the area’s rapidly growing population.

He said the planned hypermedia library would offer Internet access and computer or web games, adding that the services would be monitored closely to ensure that users did not visit sites containing pornography or excessive violence.

He said there would be staff to teach visitors how to use the computers and surf the Internet.

Dr Kow added that with the hypermedia library, residents would be able to send their children there without worries and return later to pick them up.

pedang

June 30th, 2006, 03:00 PM

Crest Builder confident of getting govt complex job

KUALA LUMPUR: Crest Builder Holdings Bhd expects the outcome of its proposal for the construction of government complexes under the private finance initiative (PFI) to be announced soon.

PFI is the Ninth Malaysia Plan’s novel system that sees private companies playing a bigger role in financing and running privatised public-sector projects.

Managing director Yong Soon Chow said Crest Builder was optimistic of securing the project, worth about RM250mil.

“For this year, our focus would continue to be on our core business, which is construction,” he told reporters after the company AGM yesterday.

Yong Soon Chow
Yong said Crest Builder was expecting a “significant” contribution to the company’s bottom line for the financial year ending Dec 31 from its 3 2 Square project.

3 2 Square is a commercial hub comprising 199 office suites and 38 retail units in Petaling Jaya. It is slated for completion by the first quarter of 2007.

To be launched next month, the project has a gross development value of RM250mil. The commercial lots are priced between RM472,000 and RM700,000 per unit.

Yong added that to-date, the company had a current order book of RM730mil.

On overseas plans, he said the group was exploring opportunities in the Middle East, India and Thailand. “We are always on the lookout for the right projects,” he said, adding that for now, nothing has firmed up.

Crest Builder recorded a net profit of RM12.2mil on revenue of RM249.6mil for 2005. “In terms of financial performance, we expect to perform better this year,” Yong said.

sss_ss

July 25th, 2006, 12:41 PM

There's a new billboard just right in front of that empty plot of land situated next to Damansara Intan. Do look out for it. And the good news is... the Dijaya Mall project won't be scrapped off. Infact, the developer, Dijaya Corporation Berhad has decided to activate the said project with a fresh new approach.

Called Tropicana City; a multi-use commercial development consists of Tropicana Mall (which will be anchored by Carrefour - yeap, it's confirmed!), two blocks of stylish designer suites known as "The Tropics" and a signature office tower. If you have noticed, construction has commenced and expected to be completed by 2008.

No worries bout traffic congestion either for Dijaya has mapped out four separate entrance and exit points (yup, new flyover will be constructed), dedicated driveway and parking floors also ensure hassle-free parking thus avoiding back-lock during peak hours.

For more information, check out Dijaya's website at www.dijaya.com.my.

For those interested in "The Tropics", you may also sign-up/register on the website. Get the privilege of being the first few to view the show unit and enjoy an early bird discount.

By the way, another new interesting property to look out for within the vicinity is Casa Suites @ Damansara Intan. Freehold, serviced apartment, priced from RM190k.

Honeydew

August 24th, 2006, 06:26 AM

Anybody knows the illustration or write up about this - One Utama Phase 3 (hotel and office tower) that's still under construction?

Lastresorter

October 6th, 2006, 09:06 PM

Go to www.wct.com.my, and look at their new projects for Bukit Tinggi, Klang and Kelana Jaya, PJ. Especially the Kelana Jaya one, you'll be shocked :D

nazrey

February 5th, 2007, 01:59 PM

New condo in SS2
Updated : 03-02-2007
Media : The Star
Story By : THEAN LEE CHENG

SELANGOR Dredging Bhd (SDB) managing director Teh Lip Kim had a surprise at the unveiling of Ameera Residences, a condominium development in Jalan SS2/72, Petaling Jaya.

She and her staff were expecting 650 people to turn up on Jan 21 but 1,000 came on the Sunday and about 30% sales were generated. The location has much to do with it. SS2, is after all, an established area.

Says Teh: They were not looking at the units which cost RM300,000, but the larger ones in the half a million ringgit region.

Ameera Residences is part of an 11-acre freehold development by SDB SS2 Development Sdn Bhd, a subsidiary of SDB Properties Sdn Bhd. Phase one, or Ameera, comprises 290 units of low-rise and high-rise blocks over three acres (density ratio: 96 units to an acre). In terms of the overall exterior, Ameera remains essentially Park 19, the project by Luxor Properties Sdn Bhd put out on the market several years ago, with some enhancements. It will be next to Ken III, with phase two sandwiched between Ameera and Jasmine Towers.

Phase two will be launched later this or early next year. Although the local authorities have given approval for 500 units to sit on the adjacent five-acre plot, Teh says the density may be reduced judging from the popularity of the larger units. Both projects will be by the group but will have separate building management committees.

Behind phase one and two flows Sungai Penchala and across it will be a commercial development on a three-acre site comprising three blocks of several storeys.

Teh's plan is to transform this 11 acres, one of Petaling Jaya's largest piece of land, into an urban community with conveniences and basic amenities within walking distance. None of the three commercial blocks, with a total 400,000 sq ft to 450,000 sq ft of space, will be for sale.

Although the master plan for the 11 acres is on display at the site, Teh says phase two will be more linear with a lot more open space. Maintenance, inclusive of sinking fund charges, is at 20 sen per sq ft for Ameera which will come with the usual condominium facilities like pool and security.

There is bound to be comparison between Ameera and Sinaran TTDI, at the former Damansara West Point club, in Taman Tun Dr Ismail among buyers.

Both are 30-storey high and are in established and convenient locations not too far from each other. Sinaran has easy access to all the main highways like Sprint Highway, North Klang Valley Expressway, Lebuhraya Damansara-Puchong and Penchala Link, while Ameera¡¦s road network will be improved with Jalan Harapan punching out to Sprint later on. Ameera averages around RM300 per sq ft while Sinaran, RM350 per sq ft, has 250 units on 2.3 acres.

The type of niche lifestyle homes generated by the SDB group these several years has been exciting for property watchers and exhilarating for Teh herself. The company started out as a tin mining company decades ago before branching out, and subsequently, divesting its manufacturing business and focusing on property development.

Last year, property accounted for more than 80% of its total group revenue. It will eventually account for 90% to 95%, says Teh.

SDB will be offering properties worth a total of RM1bil between this year and the next.

For many years, the company has kept a low profile. But because it is building its brand now, it is no longer shunning publicity.

¡§We will do what we can to the best of our ability, says Teh, whose company will be among the first to offer a 36-month liability period irrespective of whether it is a first or secondary buyer. Most developers offer only an 18-month liability period.

The company is only going for niche lifestyle development. Its first was Aman Sari, comprising semi-detached homes and bungalows in a guarded development, which set a new benchmark in the Kinrara area.

Then came high-rise Park Seven in the KLCC vicinity in 2004. 20trees in Melawati will be officially launched about the middle of this year. The landed strata development overlooks the Melawati Ridge and will be something both new and exciting for the company and property buyers. The project calls for the creation of a totally new environment, with lots of trees and ambience. It will have 20 landscaped environments and gardens existing with 83 landed and 118 apartment units.

It has yet to unveil 21 bungalow units in Damansara Heights near the Securities Commission area. This it will do next year. This will be keenly watched as well as this locality is one of Klang Valley's most prestigious suburbs.

Eventually, the company aims to go regional, starting with Singapore where it will be developing 25 to 27 condominium units on a plot of less than half an acre. The objective is to familiarise itself with development projects in Singapore.

Vietnam is so hot but the legal system is not there yet. Singapore is more transparent, and Australia and Thailand are possibilities.

We started in 2003 when I began to see the attraction of this sector. I am happy with what we have achieved thus far but that does not mean I am going to rest on my laurels. I have always like to do something different and appealing by way of housing and this, Ameera, is just the beginning of something that will lift up this area further, says Teh.

Lastresorter

February 24th, 2007, 04:06 AM

PJX

Soon to be the tallest in PJ.

Renderings -

http://img338.imageshack.us/img338/3843/buidlingpoolhuk1.jpg

http://img338.imageshack.us/img338/2540/buildingfronthlb5.jpg

http://img385.imageshack.us/img385/4987/exteriormc1.jpg

http://img385.imageshack.us/img385/2583/interiorrw8.jpg

http://img385.imageshack.us/img385/342/nightscenemx5.jpg

baqthier

February 24th, 2007, 08:11 AM

Really nice rendering. The spire sure adds height :D

Pablo

February 24th, 2007, 09:06 AM

nice rendering;).

patchay

March 24th, 2007, 12:52 PM

ATTENTION Guys ... !!!

feel free to vote and contribute photos for Shah Alam and Petaling Jaya skylines at the world forum

PJ : http://www.skyscrapercity.com/showthread.php?t=436816

SA: http://www.skyscrapercity.com/showthread.php?t=396657

For those who had voted... THANK YOU! :)

nazrey

April 11th, 2007, 02:15 PM

YTL Land working wonders on backwater land
BY ANGIE NG

http://star-space.com/archives/2006/10/23/propertyfeatures/p16yeoh.jpg

Datuk Yeoh Seok Kian at The Maple in Sentul West

YTL Land and Development Bhd is showing its mettle as a creative and value-adding property developer, turning land parcels in the backwater of the Klang Valley into prime real estate developments.

The company's projects have not always started with the best of locations, ranging from disused mining lands in Puchong and Sungei Besi, to less than desirable addresses in Pantai Dalam and Sentul. But it has done a good job of adding value to the land and churning out award-winning projects.

YTL Land executive director Datuk Yeoh Seok Kian said the challenge not only lay in ensuring unbeatable, distinct products. It is also to come up with environments pegged on lifestyles to ultimately deliver on the YTL promise of a truly valuable branded home.

He said the take-up for the company’s projects had been impressive.

Contributory factors include managing risks by keeping launches in sync with market conditions and building long-term relationships with customers by ensuring continued valuable returns.

For its efforts, the company’s Andalucia condominium project in Pantai Hillpark was picked by FIABCI Malaysia as the best residential development in the high-rise category this year.

Yeoh said that being a relatively young developer, the award reaffirmed the company’s status as a builder of communities and underscored the sense of innovation that drove the company.

“By building residences with the strictest quality standards, we have not only met their needs for a house, but presented them with a unique lifestyle. This is in the form of a chic waterfront esplanade in Lake Edge and 35 acres of private park in Sentul Park.

“In the latest sale recorded at the Sentul development, The Maple hit an all-time high of RM400 per sq ft. This is almost doubling the launch price of RM250 psf about two years ago – and this has elevated the status of the condominiums to those in the much sought-after Mont’Kiara neighbourhood,” Yeoh said.

The company’s success can be attributed to the innovativeness of its residential products coupled with the high appreciation values of the property.

“Part of our recipe for success is also ensuring the continued relationship with our loyal customers. Choosing to invest in relationship marketing with our loyal customers has paid off,” he said.

YTL Land is eager to capture the foreign buyers' market under the Malaysia My Second Home programme by going on roadshows in Singapore, Hong Kong and Indonesia.

He said with the competitive exchange rates that increased a foreign buyer’s purchasing power, “Malaysia is definitely becoming a choice destination for property investments. The challenge then rests in how one can convert the opportunity and maximise the advantages.”

Yeoh said YTL Land had the opportunity to harness the parent company’s 50-year history in the construction industry.

“We have the luxury of being creative with our designs, taking bold steps in layouts and project concepts. Yet they are safely built, at affordable and manageable costs.

“The year ahead promises to be another good one for us as we realise more and more elements of our flagship development, Sentul West & Sentul East. We will also concentrate on completing our Lake Edge, Puchong & Pantai Hillpark developments and growing our Lake Fields project in Sungei Besi further,” he added.

Both the Pantai Hillpark and Sentul developments will be the main earnings driver in the next two to three years.

There are two more parcels to be developed in Pantai Hillpark after the completion of five phases there to date.

Pantai Hillpark will have a commercial park while the last residential parcel will comprise bungalows and semi-detached houses.

Yeoh said the competitive market had raised the bar for developers, and only the fittest survived.

This in essence paves the way for the growth of more creative and responsible players, and a mixed bag of intelligent, innovative products that provide high returns to consumers.

Blue_Sky

April 24th, 2007, 03:34 AM

Do we have a thread for sepang goldcoast?

http://www.sepanggoldcoast.com/main.php

Lastresorter

April 24th, 2007, 04:26 AM

^^ Yeah... it was started by me :D

Blue_Sky

April 24th, 2007, 04:47 AM

can u give me the link plz

thx

nazrey

April 24th, 2007, 02:33 PM

Sepang Gold Coast, Malaysia's Palm Jumeirah

http://www.skyscrapercity.com/showthread.php?t=414698&page=4

patchay

May 4th, 2007, 04:59 AM

PJ set to undergo major redevelopment

By JADE CHAN
TheStar Metro
May 4, 2007

PETALING JAYA has come a long way from being a rubber estate decades ago, then a satellite town and now a bustling city that is still undergoing a lot of development.

“I remember housing areas like those along Jalan Templer being a fenced up area,” said Section 14A Rukun Tetangga (RT) committee member Soosainathan Arokiasamy, who has been a PJ resident since 1964.

“Sir Gerald Templer (then the High Commissioner of Malaya and Petaling District council chairman) must have planned for PJ to be a satellite town to prevent people from assisting the communists,” he said.

“A satellite town is a self-sustained area outside a larger commercial area. PJ is very different compared to 30 years ago when it was meant to be a satellite town to serve those working in KL,” said Jones Lang Wootton Malaysia senior vice president Azlina Abdul Rahman

Soosainathan and Azlina were among a group of individuals, comprising Rukun Tetangga representatives, property valuers and a retailer, who recently got together to discuss the changes and redevelopment plans for Petaling Jaya, especially in Section 14.

The purpose of the discussion was to trace the history of old PJ, what it is like now and what they want PJ to become in the future.

“PJ South, from Section 8 till PJ Old Town, had the first settlements, which were established about 53 years ago. As development progressed, PJ North, located on the other side of the Federal Highway, was developed. The first four schools in PJ were SMK Assunta, SMK La Salle, Bukit Bintang Boys School and Sekolah Sri Petaling,” said Soosainathan, a former senior assistant at SMK La Salle.

“The first supermarket in PJ – Jaya Shopping Centre (better known as Jaya Supermarket) – was built in 1974 in Section 14. The first mosque was also built here,” said Section 14A RT chairman Tee Kee Tian.

“I like staying in Section 14. Access is good as there are many roads to KL and other towns, the cost of living is not as high as in areas like Damansara Utama and it is convenient to shop at Jaya for fresh produce,” said Tee, a PJ resident for 26 years.

“There were many colleges here in the mid-90’s and a medan selera at the market that drew in the college crowd. Many young people have moved out as the colleges have since relocated elsewhere but the newly opened Digital Mall is drawing them back, he said.

“What Section 14 lacks is a proper neighbourhood shopping mall that provides various merchandise and services under one roof,” he said.

Yee Wah Hing’s Watch Sdn Bhd director Yee Wah Hing owns one of the founding shops in Jaya Shopping Centre and has since expanded to include another shop in Bangsar Shopping Centre.

“My shop in Jaya used to be 600 sq ft; it is now 1,400 sq ft. Rental has also gone up. It used to be RM2 per sq ft in 1974 and it is now RM12 per sq ft,” said Yee.

http://www.thestar.com.my/archives/2007/5/4/central/p4Jaya.jpg
Jaya Shopping Centre was the first supermarket built in PJ.

According to Tee, there are plans to demolish Jaya Shopping Centre and have it rebuilt.

Its retailers, including Yee’s watch shop, will be moving to the nearby Jaya 33.

“Residents think the idea is good, so long as the redevelopment includes more parking space, proper access roads and better loading/unloading area.”

“Though the neighbouring Section 13 was developed as a light industrial zone, it is not conducive to have this within a residential area,” said Jones Lang Wootton Malaysia executive director Malathi Thevendran.

“The upcoming retail and commercial developments in Jaya 1 and Jaya 33 in Section 13 are to meet the needs of the residents as there is more demand for the service sectors.

“These buildings will feature the latest designs and better planned parking spaces, loading bays, access roads and security,” said Thevendran whose company provides consultancy services like property evaluation and management to property developers

Tee acknowledged that there are pros and cons when it comes to development.

“With development comes better infrastructure and more convenience for the people, but it also means more traffic and problems like snatch thefts and car robberies.”

The Section 14A RT, one of the oldest in Malaysia, makes sure that proper streetlights are installed at the streets, fields and roads, and often organises activities that foster community ties.

“I look forward to the redevelopment of PJ. Once Jaya Shopping Centre is rebuilt, I will open my third watch shop there,” said Yee.

James Foong

May 7th, 2007, 05:19 PM

Ameera Residence, SS2:

http://img122.imageshack.us/img122/1209/p1000328di3.jpg

nazrey

May 13th, 2007, 02:09 PM

RM30m Bandar Botanic clubhouse opens tomorrow
Updated : 11-05-2007
Media : The Star
Story By : S.C. CHEAH

KLANG: Gamuda Land Bhd is giving purchasers of its Bandar Botanic houses exclusive use of the township's newly completed RM30mil clubhouse.

Klang Municipal Council president Abdul Bakir Haji Zin will officially open the six-star Bandar Botanic Resort Club, said to be the biggest and the first of its kind resort clubhouse in Klang, tomorrow.

Gamuda Land managing director Chow Chee Wah said the clubhouse, completed early this year, was built on about eight acres near the gated and guarded community of Ambang Botanic.

The clubhouse is now fully operational. It will extend to the residential community the use of new facilities and amenities, thus enhancing a wholesome lifestyle in this unique parkland township, he said.

He was speaking to the media during a tour of the clubhouse and part of the 1,240-acre RM3bil freehold township in Klang.

Chow told StarBiz that work on the second phase of the club would begin soon.

Phase two, on about four acres, would have a large Chinese restaurant, a banquet hall and floating gazebo. It would cost RM8mil.

The clubhouse, designed by Belt Collins, an internationally acclaimed design firm, started operation on May 5.

Its facilities include a multi-purpose hall housing six badminton courts, two squash courts, three tennis courts, a room with eight table tennis tables, a 50m Olympic lap pool, large fun pool, changing rooms, reading room, children's play area and gymnasium.

There is also a fun pub, coffee house and multi-purpose room. The monthly subscription fee is RM72.50, inclusive of 5% service tax.

Chow also announced the soft launch of 132 affordable semi-detached houses this weekend.

These houses, with lot sizes of 36ft x 75ft and 2,529 sq ft of gross floor area, are priced at RM450,000.

James Foong

May 27th, 2007, 05:39 PM

Office blocks under construction along Federal highway:

Next to TM tower:

http://img228.imageshack.us/img228/8415/p1000890gw0.jpg

http://img228.imageshack.us/img228/3803/p1000888wz6.jpg

Opposite PJ8:
http://img228.imageshack.us/img228/1397/p1000879sf4.jpg

James Foong

May 27th, 2007, 05:44 PM

Sterling PJ:

http://img228.imageshack.us/img228/7610/p1000895co7.jpg

TYW

May 28th, 2007, 10:34 AM

nice roof structure on the "Opposite PJ8"

thanks for the update, James ;)

Sheik

June 6th, 2007, 02:18 AM

June 05, 2007 19:36 PM

Selangor To Extend LRT Network To Klang, Kajang & Rawang

By Umi Hani Sharani

SHAH ALAM, June 5 (Bernama) -- Selangor's prime urban areas will enjoy light rail transit (LRT) services within five years as the country's first developed state vies to rival Singapore in having the region's best public transportation system.

The LRT line will form a loop from Wilayah Persekutuan to Klang and straight on to Puchong, Bukit Jalil, Kajang, Ampang, Ulu Klang and Rawang, Menteri Besar Datuk Seri Dr Mohamad Khir Toyo said today.

The state government, he told Bernama, has allocated around RM12 billion to enhance the LRT system under the Ninth Malaysia Plan by way of Private Finance Initiatives.

Deputy Prime Minister Datuk Seri Najib Tun Razak had announced last August that the LRT line from Kelana Jaya will be extended to Subang Jaya and USJ, while the Sri Petaling line will cover Puchong, in addition to a new line to Damansara.

Mohamad Khir told Bernama in an interview here that his government intends to extend the line from Kelana Jaya to Klang as well and from there to link up with Puchong.

While having new roads and highways will not necessarily improve traffic congestion in urban and suburban areas, he is confident that enhancing the LRT services offers a more effective solution.

"That's why we cannot keep building roads and highways in the Klang Valley. In the Federal Territory of Kuala Lumpur and Selangor alone, every month there are 35,000 new cars on the road. Even squatters or low-cost house residents are asking for two parking lots each," he said.

"While the number of motorcycles is now reducing tremendously, the number of cars is increasing daily. So, the public needs to be given the best choice of public transport.

"It is either you take your own car or take the best public transportation. We cannot force the public to choose the worst, but we can force the public to choose the best.

"It will also have less political impact," he added in jest.

As much as the state wants to improve its public transportation, Mohamad Khir said, Selangor also wishes to be fully broadband-enabled by 2008, and it has already started with the Klang Valley Broadband Push Programme.

He said Energy, Water and Communication Minister Datuk Seri Dr Lim Keng Yaik and the Malaysian Communications and Multimedia Commission have agreed to help with the initiative.

"Just as with the transport system, we are going to compare Klang Valley's ICT with Singapore, apple-to-apple. That is our aim," he said.

The state has already embarked on a few private-initiative ICT towns, such as that being developed by I-Bhd.

"I understand that Prime Minister Datuk Seri Abdullah Ahmad Badawi has decided to widen the concept of Cyberjaya.

"So any factory or industrial area that has multimedia (credentials) will be awarded special licences and they will get incentives," he said.

Mohamad Khir said Malaysia as a whole cannot be compared with Singapore's steady technology advances and rapid transportation, "but for Klang Valley, we can compare with Singapore apple-to-apple within five years if we can provide more in terms of ICT and public transportation system."

-- BERNAMA

ZaHiRnYa???

June 6th, 2007, 03:02 AM

nice roof structure on the "Opposite PJ8"

thanks for the update, James ;)

the building is less than 10 floor and yet they call it MENARA LYL. crazy!!!!

cooltemper

June 7th, 2007, 11:44 AM

:lol:

nazrey

June 18th, 2007, 09:06 AM

Menara LYL (http://www.cbd.com.my/index.php?option=content&task=view&id=158), Jalan 51A/223, Petaling Jaya

http://www.cbd.com.my/images/stories/PJ/Menara_LYL/overview1.jpg

Sleekly enhancing the skyline in one of Petaling Jaya’s most prestigious precincts is Menara LYL. This 9½-level building is a benchmark of commercial excellence with its strategic location, comprehensive infrastructure and quality finishing.

Developed by LYL Capital Sdn Bhd, Menara LYL is situated in the midst of thriving Petaling Jaya. It enjoys a much-vaunted mix of respected traditional establishments in banking, commercial and public services, as well as exciting new enterprises in retail, hospitality, healthcare, entertainment and lifestyle.

Location

Menara LYL sits on a land area of approximately two acres and is located at Jalan 223 of Section 51A, Petaling Jaya. It is excellently placed in one of Petaling Jaya’s most vibrant and energetic enclaves.

Prominent landmarks in the building’s immediate vicinity include the Petaling Jaya Hilton Hotel, Hongkong Bank, Maybank, Armada Hotel, Crystal Plaza, Menara Axis, Tun Hussein Onn Eye Hospital, Wisma MCIS Zurich, University Hospital, Stamford College and Menara PKNS and the premises of the Naza Motor Group Showroom (One of the top prominent showroom in Malaysia).

In terms of distance, Menara LYL is approximately 6km south-west of the Kuala Lumpur city centre. It is 15 km from the Shah Alam, 35 km from Kuala Lumpur International Airport and 30 km from Westport & Northport.

http://www.cbd.com.my/images/stories/PJ/Menara_LYL/overviview_small2.jpg http://www.cbd.com.my/images/stories/PJ/Menara_LYL/overview_night_small2.jpg

nazrey

June 18th, 2007, 09:09 AM

OASIS (http://www.cbd.com.my/index.php?option=content&task=view&id=156) @ Ara Damansara
The rising star of Ara Damansara..........

http://www.cbd.com.my/images/stories/PJ/Oasis/picture025.jpg

Oasis Ara Damansara is divided into six phases of development on 15.7 acres, and has a gross development value (GDV) of RM500mil. It has two office towers integrated into a lifestyle environment featuring shops, a landscaped jogging track, serviced apartments and Central Piazza, featuring cafes and shops as well as a floating stage.

In will also have a comprehensive security system ranging from CCTV cameras, central monitoring system to how the buildings and service roads are designed to ensure maximum safety.

The development of the first phase, which is likely to start early next year, is expected to generate a GDV of RM133mil. It will comprise 288 shop offices and office suites in two 10 to 12-storey blocks. The first phase is targeted to be completed by end-2009 and all the six phases by 2011.

The project is undertaken by Sime Darby Brunsfield Holding Sdn Bhd, a joint-venture company between the property divisions of both Sime Darby and Brunsfield. Sime Darby Property, which owns about 87 acres in the area, has some 70 acres of prime commercial land left. The remaining land bank would be used to complement Oasis Ara Damansara by developing a mix of retail and office space and serviced apartments.

triple-j

July 1st, 2007, 05:53 PM

http://farm2.static.flickr.com/1121/683920259_7e150b6268_o.jpg

triple-j

July 1st, 2007, 05:57 PM

http://farm2.static.flickr.com/1291/684781954_42b4dfc4d9.jpg

http://farm2.static.flickr.com/1202/683926935_15cb06b587.jpg

triple-j

July 1st, 2007, 06:09 PM

couldnt remember exactly where this is...maybe after PJ8 and menara LYL going in KL direction

http://farm2.static.flickr.com/1184/684780540_fc2fe8b7cd_o.jpg

alsen

July 2nd, 2007, 01:31 PM

nazrey

July 20th, 2007, 05:17 PM

by ariffjrs

http://img35.picoodle.com/img/img35/9/7/20/f_882m_d960990.jpg

nazrey

July 20th, 2007, 05:18 PM

along jalan tun abdul razak
condos, office, condos
by ariffjrs

http://farm1.static.flickr.com/128/359499909_05b03633d3_b.jpg

http://farm1.static.flickr.com/133/359499910_7faa8c4801_b.jpg

nazrey

August 15th, 2007, 09:07 AM

15-08-2007: Dijaya’s earnings set for a major boost
THEEDGEDAILY

Last Friday, we took a look at Dijaya Corp (RM1.40) and the value of its underlying assets. Dijaya is an undervalued property stock, trading well below its understated book value of RM2.16, as well as our estimated revised net asset value of RM4.09 per share. Today, we take a look at some of the company’s ongoing and planned projects, and its earnings outlook.

Dijaya’s ongoing & new projects are:

Tropicana Golf & Country Resort, Petaling Jaya
At Tropicana, the ongoing Casa Tropicana project comprises about 1,217 condominium units, of which around 80% have been sold. The Merchant Square five-storey shop offices launched in 2005 are fully sold and have been completed.

Future plans include Tropicana Grande — a seven-acre development of 342 condominiums with a large built-up space of 2,500-4,500 sq ft, priced at RM350-RM400 psf.

This will be launched by the end of 2007, with a gross development value (GDV) of around RM380 million. After that, the company plans to launch a lifestyle commercial project on the remaining 13 acres of commercial land.

Tropicana City, Petaling Jaya
Situated on 9.1 acres at the crossroads of the LDP and Sprint highways in SS2, the RM600 million Tropicana City project will be fully completed in 2009.

Tropicana City comprises the 601-unit Tropics Designer Suites (launched in Sept 2006, about 55% sold) a four-storey shopping mall with 390,000 sq ft of lettable space for rent and anchored by Carrefour and a 12-storey office tower with 102,000 sq ft of net lettable space to be sold en-bloc.

The shopping mall and office will be completed in the third quarter of 2008, and the Tropics Suites in 2009. Another apartment block, Casa Damansara 3, will be launched later, likely in 2008.

In adjoining Damansara Intan, 210 units of “Casa Suites” apartments are under construction, and are fully sold out since they were launched in 2005.

Damansara Indah, Petaling Jaya
Following on the success of the fully-sold-out and completed Casa Indah 1 condominiums, Dijaya launched Casa Indah 2 in early 2007, with 352 condominium units and a total gross development value of RM105 million.

Casa Indah comprises two high-rise and two low-rise blocks. The first high-rise block is 80% sold, while the second block, launched two-three months back, is 30% sold. The company will be launching the low-rise CondoVillas component soon, priced at around RM280 psf.

Also on sale in Damansara Indah are 86 units of three-storey super-sized semi-detached homes known as Villa Green, priced from RM1.8 million with a built-up space of around 6,200 sq ft and land area of under 5,000 sq ft. These villas are around 50% sold, despite their high price tag.

Future plans include a 14-acre commercial development fronting a lake, with 500 serviced apartments and retail space, expected to be launched in 2008.

Sungei Besi, Kuala Lumpur
The company is developing Fortune Park, comprising two 22-storey apartment blocks on 24 acres. Since the launch last year, sales have hit 60%. The group is also planning medium and low-cost apartments as well as four-storey shop offices on the land.

Hyderabad, India
Last November, Dijaya ventured overseas and signed a joint venture to develop a 25.4acre, RM800 million residential-cum-commercial project. It has an effective 54% stake in the project, where risks are low as the land is supplied by the Indian landowner-partner, Telangana Spinning & Weaving Mills Ltd.

This venture will also provide a platform for Dijaya to expand into other parts of India, as well as other countries, such as Vietnam where the company is exploring opportunities.

Earnings outlook
For the financial year ended Dec 2006, Dijaya’s net profit rose 39% to RM40.5 million, or 15.6 sen per share, on the back of revenue of RM180.3 million. This translates into a trailing price-earnings (P/E) of nine times.

We expect moderate net earnings growth of 12% to RM45.4 million, or 17.5 sen per share, in 2007, underpinned by about RM217 million worth of unbilled sales, sales of unsold units at ongoing projects and the completion of several existing projects.

This places its P/E at a very undemanding eight times — or about half of the sector’s average.

However, earnings growth will accelerate sharply in 2008-09, spurred by several catalysts:

• Maiden contributions from the Indian project (its share of profits is expected at RM10-15 million in 2008, and about RM20-22 million per year for the next four-five years);

• Sales from the Tropicana Grande condominiums, to be launched in late 2007 with a GDV of RM380 million (twice 2006 revenue);

• Sale of the office tower in Tropicana City, with expected profit of around RM20 million; and

• From 2009 onwards, recurring rental income from Tropicana Mall, which should provide pretax profits of around RM25 million annually.

Indeed, 2008 is shaping out to be a busy year. After the scheduled launch of Tropicana Grande at end-2007, the company will also be launching the third apartment block at Tropicana City (Casa Damansara 3) and the two commercial projects at Tropicana and Damansara Indah, which we have not included in our forecasts yet, as details are still sketchy.

In 2009, Dijaya will start enjoying recurring income stream from its shopping mall, plus one-off profits from the sale of the tower block at Tropicana City. If the building is sold for RM400 psf, the potential profit is about RM200 psf or RM20 million.

We expect Dijaya’s net profit to rise 51.7% to RM68.8 million in 2008 and 20.3% to RM82.8 million in 2009. With 2008-09 earning per share of 26.5 sen and 31.9 sen, respectively, Dijaya’s shares are potentially trading at very low P/Es of 5.3 and 4.4 times 2008-09 earnings, and just 0.5 time book value by end-2009.

Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.

allurban

August 15th, 2007, 10:50 AM

nicely designed + perfect location. :banana:isnt the roof a little ... um, weird-looking? :nuts:

Cheers, m

nazrey

August 16th, 2007, 06:34 AM

Selangor Tidak Perlu Koridor Ekonomi Baru - Khairy
August 05, 2007 16:43 PM

KLANG, 5 Ogos (Bernama) -- Pemuda Umno yakin dengan kepimpinannya yang ada hari ini, Selangor tidak memerlukan koridor atau wilayah pembangunan ekonomi baru seperti yang diwujudkan di Utara dan Selatan negara.

Naib Ketua Pemuda Umno Malaysia Khairy Jamaludin berkata ini kerana Selangor sudah mencapai tahap kemajuan yang membanggakan dalam bidang ekonomi dan tumpuan sekarang perlu diberikan kepada usaha untuk meningkatkan pembangunan mental dan modal insan.

"Selangor tak banyak masalah dalam pembangunan fizikal atau ekonomi tetapi kini mempunyai cabaran lain iaitu bagaimana untuk memajukan modal insan ataupun menangani isu alam sekitar.

"Saya rasa kita tak perlupun wujudkan lagi satu wilayah pembangunan ekonomi," katanya ketika berucap merasmikan Mesyuarat Perwakilan Pemuda Umno Bahagian Kapar di sini.

Katanya pengwujudan wilayah pembangunan ekonomi Utara dan Selatan itu adalah untuk mengimbangi pembangunan ekonomi dalam negara.

Seterusnya, ini membuka peluang kepada orang Melayu untuk maju dan Pemuda Umno akan terus menyokong usaha memperkukuh kecemerlangan yang sedia ada, kata Khairy.

-- BERNAMA

nazrey

August 16th, 2007, 06:36 AM

Selangor Does Not Need New Economic Corridor - Khairy
August 05, 2007 16:27 PM

KLANG, Aug 5 (Bernama) -- With strong economic growth, Selangor does not need a new economic development corridor like the ones in the northern and southern peninsular, said Umno Youth vice-head Khairy Jamaludin.

He said since Selangor had made tremendous economic development, attention should now be focused on mental and human capital development.

"Selangor doesn't have much problems in physical and economic development but it faces other challenges such as how to develop its human capital and address the environmental issues.

"I feel that we don't have to create another economic development corridor," he told reporters after opening the Kapar Umno Youth delegates conference here today.

The creation of the northern and southern economic corridors were aimed at balancing the country's economic development, he said, adding that it would also create opportunities to the Malays to reap the benefits.

-- BERNAMA

baqthier

September 2nd, 2007, 10:39 AM

Taken recently
http://img515.imageshack.us/img515/3751/img2158zr0.jpg (http://imageshack.us)
http://img515.imageshack.us/img515/3751/img2158zr0.d7e24dff05.jpg (http://g.imageshack.us/g.php?h=515&i=img2158zr0.jpg)

haze

September 2nd, 2007, 01:30 PM

nazrey

September 10th, 2007, 04:04 AM

Better quality malls drawing more global fashion brands
Monday September 10, 2007
By ANGIE NG
TheStar

A WIDE range of shopping malls – from prime malls in the city centre to niche shopping complexes in suburban areas – has spiced up the country's retail landscape.

Each of these retail properties caters to the growing population and changing lifestyles in the various localities.

The last decade saw a rapid growth of shopping centres in Malaysia, and there are now more than 200 shopping centres in the country with several new developments in the pipeline.

In the Klang Valley, upcoming new shopping centres include The Pavilion KL, Jusco in Bukit Tinggi, USJ Eighteen in Subang, NZX Shopping Centre in Ara Damansara, and Tropicana Mall in Damansara. In Penang, Queensbay and Sunway Carnival have just opened and Jusco at Perda is scheduled to open soon.

The trend has also caught on in East Malaysia, with several big shopping centres being developed there.

Besides new shopping centres, several established malls are under expansion, including Sunway Pyramid, Suria KLCC and Mid Valley.

Sunway City Bhd managing director (property investment) Ngeow Voon Yean said the availability of better quality retail space in Greater Kuala Lumpur had encouraged the entry of new fashion brands.

They include Robinsons, The Gap, Massimo Dutti, Ted Baker, Pull & Bear, Promod, Springfield, Colin’s & Loft, Roots, Okaidi, Obaibi, Forever 21 and Banana Republic.

It has also spurred departmental store players like Parkson to upgrade its outlets in Sunway Pyramid and Suria KLCC to move up the value chain of retail shopping.

“The quality of retail space in Malaysia ranks on par with those in Singapore, Indonesia, Thailand, the Philippines, Hong Kong, and Australia – all considered shopping havens in the region,” Ngeow said.

Malaysia has five international award-winning shopping centres: Sunway Pyramid, Sungei Wang Plaza, The Starhill, Suria KLCC and 1 Utama. They have won the prestigious real estate Prix D’Excellence award. This signals the high calibre and quality of the country's shopping centres.

The vibrant and competitive retail sector has created world-class shopping mall managers to export their expertise overseas.

According to Ngeow, although China's retail industry is booming with some amazing world-class malls under development, the industry faces a shortage of retail property management and marketing expertise.

The SunCity group is exporting its expertise in retail management to mall operators in China's Shenzhen and Chong Qing provinces.

Zerin Properties head of investment Francis Quah said Malaysia’s strong economic growth, expanding young population, urban migration and increasing tourist arrivals had resulted in the strong performance of the retail property sector.

The number of tourists visiting the country is expected to increase to 20 million this year from 17.3 million last year.

To maximise the impact of tourism and spur the continual growth of the shopping mall industry, incentives in terms of duties, taxes and liberal regulations should be given to encourage more foreign retail players to bring in brands and add more depth to the local industry.

SunCity's Ngeow said the local retail sector also needed to address the need for continuous maintenance and service culture.

Industry-specific educational institutes should be set up to produce human capital well equipped with the correct skills and aptitudes of service and maintenance excellence.

“While most new malls do well, a lack of maintenance awareness has led to an absence of continuous value-adding and upgrading of the property to sustain the lifespan of the malls, resulting in the decay of older malls,” he said.

Ngeow said the industry also had room for improvement in the area of service excellence.

“There is a need for high quality personnel training in the field of shopping centre management, which is a key factor to better managed and successful shopping centres of international standard,” he said.

Ethaniel83

October 15th, 2007, 05:19 PM

nazrey

October 16th, 2007, 02:30 AM

:okay:

triple-j

October 23rd, 2007, 09:59 AM

http://farm3.static.flickr.com/2074/1704529179_38edcd4ef0.jpg?v=0

nazrey

October 24th, 2007, 08:22 AM

Jaya 33, Petaling Jaya
May 6, 2007
Kalau sungei wang plaza facelift macam ni..memang bagus !!!

http://img32.picoodle.com/img/img32/6/10/23/f_6a00c225231m_9d92804.jpg

patchay

October 24th, 2007, 08:30 AM

ooh that 10 Boulevard is near where I stay....

patchay

October 27th, 2007, 03:32 AM

Jaya 33 to build new corporate block after earlier success

By THEAN LEE CHENG

JAYA 33 Sdn Bhd is on to the next stage of its development in Section 13, Petaling Jaya now that its first phase, Jaya33, is about 100% leased out.

Its managing director Che King Tow says the new corporate office block Plaza 33, will be located on a former paint factory. At 2.3 acres, the new project will be about half the size of Jaya33, which sits on a 4.1-acre site, previously a feedmeal factory.

The change from factory premises to commercial office blocks underscores the change of land use in that area by local authorities. Land scarcity, the growing popularity of the Petaling Jaya suburb has made Section 13, at one time an industrial area, far too valuable to remain a huge factory or warehouse site. The area goes back several decades and many of the premises there are rather old, says a source familiar with that area.

“The area is far too valuable to remain as a huge tract of land dotted by factories,” he says.

More factories are expected to move out in the coming years to pave the way for new land use, he says.

Jaya 33 Sdn Bhd's move to change the paint factory into Grade A office space was among the first of such moves to convert the land. It has succeeded in attracting quality multi-national companies (MNCs) into Jaya33. The shortage of prime office space in Petaling Jaya suburb has also boosted its position.

Che says: “We want to leverage on what we have invested in Jaya 33.”

When Che first announced the move to have the three-tower block development in 2004, their initial plans were to sell what he called Petaling Jaya’s first hyperoffice. At that time, hypermarkets, as opposed to supermarkets, were the trend in the retail market. Taking the queue from there, Che coined the term “hyperoffice” with floor plates of about 15,000 sq ft.

The initial plan was to sell the space, the two retail podium floors, the two 12-storey blocks and a 17-storey block. The company eventually decided to lease out the place to have a recurring income.

There were several reasons for this.

Most MNCs, keen to take up space in Jaya33, were not interested to manage the property. They wanted to concentrate on the business they know best, be it pharmaceuticals, insurance or marketing electrical goods. They prefer to rent and have someone manage the place for them, which include overall maintenance of the place, security, parking and utilities.

Recalls Che: “There were three issues. Having the location was not enough. Design and the presence of a single building management were important.”

When True Fitness took up half of its retail podium of about 70,000 sq ft, Jaya33 again took new direction. Prior to the emergence of gyms and wellness clubs, an office block was essentially just that. With the emergence of the gym business, corporate office blocks took on a new lifestyle element.

Even at the beginning, Che had made allocation for a swimming pool. With True Fitness, a spa was thrown in to complement both the pool and exercise club.

The next issue was food and beverage (F&B); corporate offices need options and choices with different price points. Variety comes with Chinese, Japanese and Vietnamese fare. Italian Kitchen and French restaurant Bruno will also be occupying space there by the end of the year, says Jaya33 general manager Tan Kok Leong. Both F&B outlets are in the process of a fit-out at the moment.

Next came the need for a community supermarket. Che is quick to add that he is not running a shopping mall. “The requirements of the modern office today are more than just office space. It must be an office space with a lifestyle feel,” he says.

“What we have today are retail elements that support our corporate offices. F&B takes up between 20% and 25% of our retail podium space. Grocer 33, to be run by the Teng family, formerly the management of TMC mini-market in Bangsar, will take up 10% (15,000 sq ft), and True Fitness 70,000 sq ft.”

Che and his team are thrilled at how things have turned out at Jaya33. What was initially envisioned as car show rooms and hyper-sized digital and computer outlets have turned out for the better.

“We want to leverage on what we have built and put together. There are so many amenities just across Jalan Semangat. Branches of most of the banks are there. In terms of F&B, we have added a considerable amount of choices. We want a building that is alive, not only during office hours, but also after office hours and during the weekends,” Che says.

Whether the 1,000 car parking bays are sufficient or not is a moot point. Che says it will be enough for the weekend and after-office crowd.

The new project he and his team will be undertaking, Plaza 33, will have 900 parking bays. The two blocks will be linked via a bridge.

Che says it will be a Grade A corporate office and will comprise a 16-storey and a 25-storey block. That project is expected to have a gross development value of RM500mil.

The land was bought about three months ago at double the cost of the land for Jaya33. The Jaya33 land cost RM100 per sq ft.

The change in land use in Section 13 is expected to have a spillover effect into Section 19. Besides Jaya33, Jaya One (by Tetap Tiara Sdn Bhd) in Section 13 and 3 2 Square (Seri Tegamas Sdn Bhd, a subsidiary of Crest Builder Holdings Bhd) in Section 19, are near completion. Jaya One is a 10.8-acre RM450mil mixed commercial, entertainment and lifestyle development while 3 2 Square will have 200 office suits and 40 retail outlets.

Both 3 2 Square and Jaya One are located less than 1km away from Jaya33. Besides the conversion of industrial land to commercial use, Section 14 town centre, located across Jalan Semangat diagonally fronting Jaya33, is also expected to evolve with the demolishing of Jaya Supermarket next February.

It will be replaced with a seven-storey retail block and four levels of basement car park. Jaya Supermarket is about 30 years old today. Although the building has been refurbished about a decade ago, the lack of parking and the design of the building have put it at a disadvantage with the emergence of new malls, particularly in Bandar Utama.

Che says the move bodes well for the town centre and will add to the vibrancy of the area. For the next several years, 33 Grocer in Jaya33 will be able to serve the Section 14 community when it opens by the end of this year.

patchay

October 27th, 2007, 03:33 AM

New Jaya Shopping Centre Rendering
http://img206.imageshack.us/img206/114/1210071800uz0.jpg (http://imageshack.us)

oh so the entire Jaya Supermarket and Jaya highrise to be demolish... wow cool this must be the biggest demolishing project in malaysia haha

Sheik

October 27th, 2007, 11:56 AM

I think it is just the mall that will be demolished. Can't wait to see the demolition begin.

Ethaniel83

October 28th, 2007, 06:24 PM

According to the article, the whole building including the office will be demolished by next year.

triple-j

October 28th, 2007, 06:32 PM

http://farm3.static.flickr.com/2074/1704529179_38edcd4ef0.jpg?v=0

from http://www.newlake.com.my/boulevard10Project.html

http://www.newlake.com.my/images/rewardingPic.jpg

http://www.newlake.com.my/images/primeLocationMap-01.jpg

http://www.newlake.com.my/images/superilluminted-01.jpg

http://www.newlake.com.my/images/develop-01.jpg

http://www.newlake.com.my/images/opportunities-1.jpg

nazrey

November 4th, 2007, 03:26 PM

nazrey

November 4th, 2007, 03:30 PM

http://www.cbd.com.my/images/stories/PJ/Menara_LYL/overviview_small2.jpg

by skgotts

http://img27.picoodle.com/img/img27/6/11/4/f_04m_eb4cda3.jpg

triple-j

November 4th, 2007, 04:54 PM

amazing pix....

nazrey

November 5th, 2007, 11:38 AM

Sepang set to be first with ITSP
Saturday November 3, 2007
TheStar

THE Sepang Municipal Council (MPSp) is set to be the first local council in the country to implement a five-year Information Technology Strategic Plan (ITSP).

The council is working with the Multimedia Development Corp-oration (MDec) in Cyberjaya on the programme as part of its effort to reach out to their ratepayers through the broadband policy.

“We are already working towards it and hope to start as soon as the blueprint for the project is ready.

“We are moving to our new building in Cyberjaya by the end of February next year. Hopefully, the ITSP would be in place by then,” MPSp president Azizan Mohamad Sidin said.

Azizan said that with the ITSP, the council would also be able to plan its strategies and developments in a more structured and orderly manner, and not implement projects on an ad hoc or piecemeal basis, as practised currently.

On the cost involved in the ITSP, Azizan said he could not comment on it at the moment.

Three new zones for Sepang
Saturday November 3, 2007
TheStar

AS part of the effort to adopt a smart partnership concept to ensure quality services for residents, three of the present 10 zones under the Sepang Municipal Council (MPSp) have been furthered divided, making it now 13 zones.

The three new zones are Kota Warisan, subdivided from Bandar Baru Salak Tinggi, Pinggiran Putra, carved out of Sungai Merab, and Sepang Saujana, created from Putra Perdana. The new zones will have their own councillors.

According to MPSp president Azizan Mohamad Sidin, the new approach is to provide easy accessibility for residents to voice out their grievances to the council through their elected representatives in their areas.

Azizan said the three zones that were divided were big areas with three councillors in Bandar Baru Salak Tinggi and two each in Sungai Merab and Putra Perdana.

“Bandar Baru Salak Tinggi will now be served by two councillors while the other two zones will have one each to address grouses in problem-prone areas,” he said.

Azizan said the move did not mean that residents were stopped from taking their problems to the council headquarters, as they were also encouraged to voice out their displeasure if the services by the contactors were not satisfactory.

“With more zones covering a smaller area, there will be more effective checks and balances to deal with grouses in problem-prone areas. A councillor’s first agenda is to solve residents’ problems,” he said.

Azizan said all contractors serving in the municipality under the various zones were advised to attend a monthly meeting with their respective councillors to tackle problems at source.

According to Azizan, the programme has been effective since it was implemented and all problems with the residents are actually solved at the zone level, which is in line with the state government directive requiring all local authorities to act immediately on complaints and improve the quality of service.

Ada kaitan dengan ni tak ? > http://www.ssp2.com.my/mas.html

nazrey

November 6th, 2007, 09:24 AM

Dijaya plans RM600m property launches
By Chong Jin Hun
Published: 2007/11/05
BusinessTimes

The developer will unveil the RM205 million Tropicana Avenue shop offices and RM390 million Tropicana Grande luxury condominiums in Petaling Jaya in 2008

DIJAYA Corp Bhd will launch at least RM600 million worth of properties in fiscal 2008, amid plans to expand geographically and reorganise its product range to sustain earnings.

The year to December 2008 will see the unveiling of, among others, the estimated RM205 million Tropicana Avenue shop offices, and RM390 million Tropicana Grande luxury condominiums.

Both projects sit within Dijaya's existing 253-hectare upmarket Tropicana Golf & Country Resort township near the Bandar Utama enclave in Petaling Jaya.

Dijaya's upcoming property projects in Malaysia coincide with its initial real estate launches in India, the developer's first foreign venture.

It has tied up with a landowner in India to build an approximately RM800 million mixed-development project in Hyderabad.

"It is at least RM600 million locally and abroad," Dijaya managing director Tong Kien Onn told Business Times in Petaling Jaya yesterday.

Tong said Dijaya intends to venture into Johor and Penang, the other two property hotspots in Malaysia besides the Klang Valley.

Plans are also afoot for an entry into fast-growing Vietnam.

In Johor, Dijaya plans to build commercial units and high-rise homes while in Penang, it hopes to develop landed houses.

Tong declined to elaborate on Vietnam, only indicating that a deal could be struck within the next four months.

To sustain earnings, commercial properties will take greater prominence in Dijaya's real estate portfolio to enable the company to increase income from rental.

Initial rental boost is expected to come from the lease of company-owned retail and office space within its upcoming Tropicana Mall in Petaling Jaya.

"Our current rental income is minimal," Tong said.

Dijaya prefers to sell its foreign offerings, but may retain strategically-located ones for lease.

Recurrent rentals offer a buffer against a cyclical real estate sector while outright property sales may fluctuate according to economic conditions.

In Malaysia, the developer still has some 243ha of untouched land across the Klang Valley, Behrang and Bukit Mertajam.

These sites can last the company up to the next seven years. Its unbilled property sales stand at about RM250 million.

Dijaya's first half to June 2007 net profit rose 19 per cent to RM15.4 million, or 5.9 sen a share, while revenue climbed 29 per cent to RM114 million.

Shares of Dijaya dipped two per cent or three sen to end at RM1.37 yesterday, valuing the firm at RM355.6 million.

The stock has advanced 71 per cent this year, surpassing the benchmark index's 26 per cent rise.

rizalhakim

November 26th, 2007, 06:55 AM

taken from the star 26/11/07

Dijaya’s trump card

By S.C. CHEAH

HAVE you ever dreamt of living in a posh and big condominium with a grand view of the award-winning Tropicana Golf & Country Resort in Petaling Jaya?*

Well, dream no more. Come early 2008, you can grab one of the 241 units of the Tropicana Grande – three blocks of 36-storey condominiums with average size of 3,000 sq ft, which will tower over all condominiums in the area. *

An artist’s impression of Tropicana Avenue's retail style shop offices.
Dijaya Corp Bhd has finally thrown in its trump card by developing this high-end golf course-front condominium at a time when the high-end condominium market in the city is reaching dizzying heights.*

By pricing Tropicana Grande's units at an average of about RM500 per sq ft (a third off the prices in the KLCC area), it is set to appeal to those who want a well-known location minus the spiralling prices of KLCC nor the congestion in Mont' Kiara.*

“We plan to launch Tropicana Grande early next year and we are now building the show unit. We are targeting upgraders, especially young CEOs in their 30s and 40s who are looking for condominiums such as the Tropicana Grande,” said Dijaya managing director Tong Kien Onn.*

He said the other target markets were investors seeking high return investment properties and foreigners who wanted to live in a resort development with golf course and club facilities.*

Tong said the Tropicana Grande was a prestigious development that promised privacy and the serenity of a golf course view. The design is planned with luxury in mind, with a built-up big enough to provide comfort living, full glass windows to capture the scenic view, a private lift that serves up to the doorstep, and a private pool.*

The design is alike – two crystalline blocks with maximum transparency for the sprawling golf course view. Almost all the bedrooms are located towards the golf course view and certain units could bring the view closer by having sky gardens.*

Tong said there would also be eight units that with its own dip pool at the recreational deck on the podium floor. Some duplexes on the upper floors will also have such pools. The duplex units will have built-up areas of 4,531 sq ft to 10,359 sq ft.*

An artist's impression of Tropicana Grande at the Tropicana Golf & Country Resort in Petaling Jaya.
This condominium will feature, among others, smart home and security system (alarm, intercom and panic button for all units), CCTV system (at service lift lobbies, service lifts, main lobbies, car park, etc), broadband, card access and barrier gate systems, and private lifts. All bedrooms will come with attached bathrooms while the master bathroom will have an en-suite resort-styled Jacuzzi.*

The development on 5.17 acres of prime resort land will have a density of 46 units per acre and a gross development value (GDV) of RM390mil.*

Meanwhile, Dijaya will also launch the Tropicana Avenue (gross development value of RM205mil), comprising three blocks of nine and 11-storey lifestyle shop offices (26ft x 79ft lot size) in the northeast sector of the resort next March. It will have extensive food and beverage (F & B) outlets and a retail strip on the ground floor and strata offices on the upper floors. *

The row of retail space is arranged along a pedestrian thoroughfare cum walkway that faces the food and beverage (F & B) area. Escalators are located at various points throughout this thoroughfare to allow a continuous circulation and bring shoppers to the first floor.*

People can enjoy the sights of a garden and pools at the F & B area, and even the first floor retail units will benefit from this garden, as those on the first floor will be able to see the garden below through translucent glass. *

The office units are arranged along an internal corridor while green pockets punctuate the floor layout as “sky gardens”, a refreshing addition to the office units. *

http://biz.thestar.com.my/archives/2007/11/26/business/b_13Tropicana.jpg
An artist’s impression of Tropicana Avenue's retail style shop offices.

http://biz.thestar.com.my/archives/2007/11/26/business/b_13Tropicana2.jpg
An artist's impression of Tropicana Grande at the Tropicana Golf & Country Resort in Petaling Jaya.

rizalhakim

November 26th, 2007, 09:05 AM

Brunsfield keen on eco-lifestyle projects

Stories by ANGIE NG

BRUNSFIELD group is eager to widen its presence in the growing niche eco-lifestyle residential property projects both within and outside the country.*

At present, its property development arm, Brunsfield Development Holdings Sdn Bhd, is involved in 18 projects in Malaysia and abroad.*

Zulkifli Hamzah
Group managing director Gan Thian Leong said the company was looking at offering more well-designed and sustainable exclusive residences in Kuala Lumpur and other parts of the Klang Valley for those seeking to upgrade their lifestyle.*

The company will be launching new projects in Kuala Lumpur next year, which include the Brunsfield Embassyview and Brunsfield Residence @ U Thant.*

Brunsfield Embassyview, located amongst the Embassy Row of Jalan Ampang, will showcase 283 units of spacious upmarket residences with built-up areas from 2,000 to 7,500 sq ft, priced from RM800 per sq ft (psf).*

The 93 exclusive low-rise luxury condo villas of Brunsfield Residence @ U Thant, located in the prestigious neighbourhood of Jalan U Thant, will be marketed from RM3,000 psf, thus setting a new price benchmark in Malaysia.*

Meanwhile, the RM1.5bil Oyster Cove International project in Gold Coast, Australia, is the first overseas strategic joint venture between Brunsfield and Sime Darby Bhd.*

The project, featuring high quality waterfront homes and luxurious condominium and high-end commercial centre, is said to be one of the most appealing waterfront resorts in Australia’s Gold Coast.*

The nature-themed development is designed and conceptualised by Brunsfield Group executive director Zulkifli Hamzah, who is an architect by profession and works in close consultation with the company's strategic partner.*

Hor Chee Wah (right) explaining the safe city concept for Oasis Damansara. With him is xecutive director Chan Chee Keong
Zulkifli said Brunsfield’s strength in property lay in its value creation capability, strategically international mindset, strong branding and productive strategic partners.*

Besides the local market and Australia, the company is also eyeing the vast markets in the Middle East, China, Indonesia, India, Vietnam and Britain.*

In the Klang Valley, Brunsfield has a landbank of 1,200 acres, of which 80% is owned by the company and the rest by joint ventures.*

Gan is also optimistic that the company’s strategic partnership with Sime Darby will open up opportunities for more high-end, niche and sustainable developments in high growth markets in Malaysia and other countries.*

“The synergy created by the combined strengths, talents and expertise of the parties provide much value added ideas, value engineering, higher quality workmanship, more effective marketing and improved delivery, stronger financial capacity, risk management and greater adoption of information and communication technology (ICT). *

“This will pave the way for much bigger opportunities for the partners, both locally and internationally,” he said.*

Since the partnership was formed last year, the partners have ventured into three prestigious projects - the RM250mil Subang Avenue, RM550mil Oasis Damansara and RM1.5bil Oyster Cove International. *

A recent testimony of the collaborative partnership is the overwhelming success of the Subang Avenue project, which posted 100% sales of its serviced apartments in record time.*

Both Gan and Zulkifli are great believers of using ICT to enhance the quality of life and to pioneer the safe city living concept in all the company's ongoing and future projects. *

Besides enhancing its residences with smart-home features developed by the Brunsfield group, the company will spend RM25mil to create a safe city in the 15-acre Oasis Damansara and RM5mil in the 3-acre Subang Avenue project.*

Brunsfield Development property development adviser Hor Chee Wah said: “To ensure the safety of the residents, the most advanced smart home technology, building intelligence system and surveillance technology will be implemented in all our projects.*

“Every effort will be expended to ensure that our projects are well planned and designed, with the safety of residents in mind.”*

These include working with the local councils to enhance all the service roads within the project site, having bright streetlights and the installation of high-tech closed circuit televisions in the projects. *

“Residents will also be required to use friendly smart access cards to move within their development.” *

http://biz.thestar.com.my/archives/2007/11/26/business/b_11hor.jpg

nazrey

November 29th, 2007, 06:03 AM

Facelift for Seri Setia town centre
Thursday November 29, 2007
By VIVIENNE PAL
TheStar

THE Seri Setia town centre in Petaling Jaya will be sporting a few improvements by the end of the year – some more conspicuous than others.

Regular patrons of the Seri Setia market should be able to discern some perceptible changes by now, especially with the addition of parking spots at Jalan SS9A/2, which is just next to the market.

According to Kg Tunku assemblyman Datuk Dr Wong Sai Hou, the pedestrian walkway along the 150m-long road had been cut down so that the road will be wider to accommodate a legalised parking area.

“The Petaling Jaya City Council (MBPJ) will be marking the bays to accommodate about 60 cars,” said Wong during a site visit on Tuesday .

http://www.thestar.com.my/archives/2007/11/29/central/m_3drwong.jpg

Kicker: Dr Wong (third from left) inspecting the newly-widened road which
will accommodate some 60 parking bays at Jalan SS9A/2. Looking on are
Petaling Land office chief assistant district officer (development) Yahaya
Hasan (left), and Kg Baru Seri Setia Sungei Way Development and Security
committee chairman Jerry Pang Shee Pak (second from left).

Also present were Petaling Land office chief assistant district officer (development) Yahaya Hasan and Kg Baru Seri Setia Sungei Way Development and Security committee chairman Jerry Pang Shee Pak.

Motorists can also park their cars for free at the open-air car park area at Jalan SS9A/14, which has been recently resurfaced.

Wong said the parking zone, which accommodates about 70 cars, is situated on land which belongs to the Federal Government.

Meanwhile, the side lane next to the market, which leads from Jalan SS9A/1 to Jalan SS9A/2, will be resurfaced as poor drainage has damaged road surface, especially during the rainy season.

“We are going to build a dedicated area that will channel flowing water into the sump so that the road is better preserved,” said Wong.

Changes will also be made within the market, as well.

Alam Flora has been ordered to relocate a waste bin which was initially situated next to the food stalls in the back portion of the market, following complaints from hawkers and stall owners.

Wong said the bin was provided by the Housing and Local Government ministry, but that the local government was initially not aware of it.

A bin house is also being built at the back of the market to house rubbish bins in a more hygienic manner, alongside a storeroom to store recyclables and a retention wall which divides the market from the housing area behind.

“About RM400, 000 has been estimated for the bin house and store room, and retention wall,” said Wong, adding that they will be completed by year-end.

Meanwhile, those driving in to Seri Setia from the Federal Highway will soon be able to glimpse an arch upon exiting the highway.

“The Housing and Local Government ministry has approved the RM80, 000 which will finance the building of the arch,” said Wong, adding that the arch, estimated to complete by year-end would act as a welcome to visitors entering Seri Setia.

rizalhakim

November 29th, 2007, 07:56 AM

http://www.altruism.com.my/atweb/site/titijaya/uploads/projects/images/Model2.JPG

Titijaya proudly presents Subang Parkhomes - an exclusive gated and guarded development located within the beautiful residential enclave of SS19 in Subang Jaya.

Large built-ups, lush landscaping, premium facilities, tight security - these are features which will appeal to you and your family. After all, they are the ones that matter most.

Please call 03-5637 3331 or 03-5637 4377 for more information.

not sure whther dis is new or not...

rizalhakim

November 29th, 2007, 08:01 AM

Subang SoHo, Subang Jaya
Titijaya Group (http://www.titijaya.com.my/index.php?p=lp-detail&fid=473&cat=77)

http://www.altruism.com.my/atweb/site/titijaya/uploads/projects/images/Subang%20SoHo-Final%20Street%20Level%20Perspective-small.jpg

At Subang SoHo, your office is so comfortable you may want to call it home. Well, now you can do just that. With flexible, double-volume layouts from 550 sq ft upwards, part of your workspace can be converted into your living space.

No more long commutes,
No more time spent in traffic jams,
You now have the luxury of living where you work,
And working at home.

Concept - ultra modern building, with wi-fi for common areas, broadband ready

- the multi-faceted modern lifestyle : suitable for office/workplace-cum-dwelling place

Facilities - sky club, swimming and wading pool, sky garden, tai-chi and yoga zone, meditation garden, reflexology path, BBQ function deck, garden deck,

children's playground, water features

- Business Centre : secretarial services and conference rooms

Indicative Pricing - Most standard units below RM200,000

Show-unit will be open for viewing from 24 Nov 2007.
Please call 03-5637 3331 or 03-5637 4377 for more information.
Titijaya Property Gallery opens daily from 10.00am to 6.00pm

Subang SoHo @ SS 19 Subang Jaya
DUPLEX LIVING, FOR A DUALITY IN LIFESTYLE
Poolside Cocktail Preview on Sat, 1 Dec 2007!! 6pm to 10pm.
Don't Miss Out On Our Coolest, Hippest Event Yet This Year!!!!!
Venue: Poolside (Level R), e-tiara Serviced Apartments

rizalhakim

November 30th, 2007, 08:23 AM

PJ CITY BY HONGLEONG GROUP
http://www.mypjcity.com.my/images/03masterplan/02.JPGhttp://www.mypjcity.com.my/images/04floorplans/01.JPG
http://www.mypjcity.com.my/images/02location/01.JPG
http://www.mypjcity.com.my/images/05facilities/02.JPG
http://www.mypjcity.com.my/images/03masterplan/01.JPG
http://www.mypjcity.com.my/images/02location/04.jpg

Facts to consider :

2 blocks of prime office space.

Prominently located beside Federal
Highway, enhancing high visibility.

Offering office or showroom space of
up to 30,000 sq ft. per floor with flexible
configurations.

Sleek, comtemporary design.

Excellent road networks in and out of
the area.

Ample parking space.

Allocated lots for retail and food outlets

Future development of offices and condominiums behind current office blo

contact:
Developed by : PJ City Development Sdn Bhd [222702]
Managed by:

Hong Leong Property Management Co. Sdn Bhd
A member of the Hong Leong Group Malaysia
Level 8, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur, Malaysia
Tel: 03-2164 6868 | Fax: 03-2164 2366
enquiries@mypjcity.com.my

http://www.mypjcity.com.my
is dis a new project?

rizalhakim

November 30th, 2007, 09:25 AM

Casa Damansara 3 Condominiums @ Petaling Jaya by DIJAYA Group

http://www.dijaya.com.my/project/future/c_daman3/casa3pic.jpg

James Foong

December 2nd, 2007, 02:37 PM

Sterling project, kelana jaya, pj
http://i28.photobucket.com/albums/c236/tyfong55/P1030917.jpg

James Foong

December 2nd, 2007, 02:45 PM

New commercial projects by IOI Group at Puchong area

http://i28.photobucket.com/albums/c236/tyfong55/P1030915.jpg

2
http://i28.photobucket.com/albums/c236/tyfong55/P1030911.jpg

IOI Square
http://i28.photobucket.com/albums/c236/tyfong55/P1030909.jpg

http://i28.photobucket.com/albums/c236/tyfong55/P1030906.jpg

James Foong

December 2nd, 2007, 02:47 PM

New UOA commercial bldg @ Jln Damansara
http://i28.photobucket.com/albums/c236/tyfong55/P1030930.jpg

travellator

December 2nd, 2007, 03:06 PM

^^its in KL, not Selangor james

James Foong

December 3rd, 2007, 03:13 PM

Oops, Sorry for the wrong thread.

haze

December 4th, 2007, 02:40 AM

Selangor plans regional biotech hub

Several local and foreign biotechnology companies have expressed interest to invest in the Bio-IT Industrial Park, says a state executive councillor

THE Selangor State Government has allocated an initial sum of RM5 million and a 23.2 ha land in Pulau Indah, Klang, as part of its plan to turn the state into a regional biotechnology hub.

State Executive Councillor Datuk Tang See Hang said several local and foreign biotechnology companies have expressed interest to invest in the state and are expected to start operations at the industrial area known as Bio-IT Industrial Park as early as next year.

"We are in final talks with these companies, which comprise both local and foreign biotech firms," he told reporters after opening the Biosel Conference 2007 in Shah Alam, yesterday.

Also present was SSIC Bhd chief executive officer Datuk Mohd Jabar Ahmad Kembali.

Tang said among the foreign companies that are likely to start operations in Selangor are biotech firms from Korea and a public-listed firm from Taiwan.

"We are unable to reveal their names and the amount of investment just yet, as we are still finalising some details with them," he said.

Tang said Selangor has all the advantages in becoming a regional biotech hub as it houses a number of research institutions and universities that can help with the development of the biotech sector.

Among the research houses are Sirim Bhd, Malaysian Agricultural Research and Development Institute and Malaysian Technology Development Corp.

Universities in the state, meanwhile, include Universiti Kebangsaan Malaysia, Universiti Putra Malaysia, Universiti Industri Selangor, Universiti Teknologi Mara and the International Islamic University.

He said Selangor will also leverage fully on its proximity to international ports to ensure strong growth for the biotech sector.

This will include setting up a new industrial park called the Selangor Science Park 2 at Bukit Baja, Sepang that will cater for future investments in high-tech industries including biotechnology.

rizalhakim

December 4th, 2007, 09:43 AM

Pangsapuri Alunan Bayu & Belaian Bayu

http://www2.pkns.gov.my/Portals/0/Hartanah/Shah%20Alam/Seksyen%2024/AlunanBayu.jpg
http://www2.pkns.gov.my/Portals/0/Hartanah/Shah%20Alam/Seksyen%2024/Pelan%20Lantai.jpg
http://www2.pkns.gov.my/Portals/0/Hartanah/Shah%20Alam/Seksyen%2024/Pelan%20Lokasi.jpg

Maklumat Hartanah

Kawasan
:
Seksyen 24, Shah Alam

Jenis Hartanah
:
Pangsapuri Alunan Bayu (Blok 58) & Belaian Bayu (Blok 18)

Milikan
:
Pajakan

Hakmilik
:
Hakmilik Blok

Harga
:
Dari RM 145,000

Untuk Sebarang Maklumat Lanjut, Sila Hubungi :

Unit Pengurusan Shah Alam,
Jabatan Kemajuan Shah Alam
Tingkat 2, Kompleks PKNS Shah Alam
Persiaran Tasik
40505 Shah Alam, Selangor

Tel: 03-5519 2211 / 7329, Faks: 03-5510 5300
Email : shahrun@pkns.gov.my

rizalhakim

December 7th, 2007, 08:21 AM

PARK RESIDENCE@USJ ONE AVENUE

http://www.mcthomes.com.my/image/e1_big.jpg
Park Residence Front View
http://www.mcthomes.com.my/image/e2_big.jpg
Aerial View
http://www.mcthomes.com.my/image/e3_big.jpg
Podium
http://www.mcthomes.com.my/image/e4_big.jpg
Pool View
http://www.mcthomes.com.my/image/00_mctMc_.jpg
Sunken Bath
http://www.mcthomes.com.my/image/e5_big.jpg
Club House Toilet
http://www.mcthomes.com.my/image/e6_big.jpg
Sky Lounge (View 1)
http://www.mcthomes.com.my/image/e7_big.jpg
Sky Lounge (View 2)
http://www.mcthomes.com.my/image/e8_big.jpg
Sky Lounge (View 3)
http://www.mcthomes.com.my/image/e9_big.jpg
Sky Lounge Bar
http://www.mcthomes.com.my/image/e10_big.jpg
Gym Outdoor
http://www.mcthomes.com.my/image/e11_big.jpg
Gym (View 1)
http://www.mcthomes.com.my/image/e12_big.jpg
Gym (View 2)
http://www.mcthomes.com.my/image/e13_big.JPG
Balcony
http://www.mcthomes.com.my/image/location_map.gif
Location

Introduction

Ever see the Hanging Garden in Babylon? You may now have your own hanging garden in front of your cosy home!

MCT fully understood the need of natural greenery and water elements in human habitat. On top of the existing security features and advance communication technology, MCT move a step further to incorporate lush landscape design and recreational water features into the latest development to add more value to your investment with us.

In our dream to touch the sky, we bring along the greens. Our Park Residence is designed with large open courtyards attached to the units. Sunken slab are provided to accommodate soil with adequate depth necessary for plants growth.

The relaxing sunken bath is a thoughtful design to cool you down in the hot afternoon, with you own lovely garden and sky view right outside the window.

For those who enjoy quite walk in the morning or evening, our viewing bridge, water canal, landscape park and koi pond are definite places to soothe your eyes and relax your mind.

For those who have kid, water slide and leisure pool are definitely not to be missed!

Park Residence, not just a home, but a life style!

Description:
Build Up area:

Type E :1336 sq.ft.
Type F :1645 sq.ft.
Type F1:1705 sq.ft.
Type G :2426 sq.ft

Facilities:

1) Guardhouse
2) Bistro
3) Salon
4) Sauna
6) Gymnasium
7) Tuition Rooms
8) Meeting Rooms
9) Launderette
10) Childcare Centre
11) Multi-Purpose Hall
12) Surau
13) Jacuzzi Pool
14) Swimming Pool
15) Leisure Pool
16) Children’s Playpool
17) Children’s Playground
18) Barbecue Pit
19) Reflexology Path
20) Landscape Park
21) Jogging Track
22) Outdoor Theatre
23) Indoor Theatre
24) Dance Studio
25) Sky Terraces
26) Sky Lounge
27) Viewing Bridge
28) Landscape Park
29) Transparent Lifts
30) Koi Pond
31) Water Slides
32) Waterfall, Fountains, Water Canal
33) Synchronized Fountains
34) 2 Covered Car Parks for Each Unit
35) Air-Conditioned Car Park Lift Lobby
36) Car Wash Bay
37) Air-Conditioned Visitors Lounge
38) PABX Communication System
39) Centralized Water Filtration System
40) Centralized Astro Cable
41) E-Community
42) Broadband Cable Ready
43) Wireless Internet Hotspots
44) Building Automation System
45) 3-Tier Security
46) Online CCTV Monitoring
47) Management Office
48) House Keeping Services = E d i t =

Contact:
Ms. Rozy
Tel: 03-8023 9988 ext 221 / 012-2161762
Email: rozy@mct.com.my

Developer:
USJ One Avenue Sdn Bhd
(650451-T)
25-1, Jalan USJ 21/10
47630 UEP Subang Jaya
Selangor
Tel: 03-80259988
Fax: 03-80231697
Website:
http://www.mcthomes.com.my

Progress At Site
Current Work Progress
October '07
http://www.mcthomes.com.my/image/progressoct07.jpg

Property Details
Project: PARK RESIDENCE @ USJ ONE AVENUE
Price: RM204,021 - RM1,120,822
Location: USJ1 - Subang Jaya - Selangor
Type: Apartment / Condominium
Storeys: -
Bedrooms: 3
Bathrooms: 2

nazrey

December 8th, 2007, 07:42 AM

Nice!

nazrey

December 8th, 2007, 07:43 AM

Jaya 33, Petaling Jaya
May 6, 2007
Kalau sungei wang plaza facelift macam ni..memang bagus !!!

http://img32.picoodle.com/img/img32/6/10/23/f_6a00c225231m_9d92804.jpg

Jaya 33, Petaling Jaya
by coolaldred

http://img34.picoodle.com/img/img34/5/12/7/f_14531744023m_00d71e7.jpg

nazrey

December 12th, 2007, 06:23 AM

Heritage in the making
Wednesday December 12, 2007
By TAN KARR WEI
TheStar

Zahim Albakri, the stage and screen actor-director extraordinaire, is certainly going to be a very busy man come 2008. Why?

The man will be having perhaps one of the biggest jobs in town, coordinating and putting things into place at the upcoming community arts centre and theatre called Petaling Jaya Life Arts (PJLA).

While most of the theatre spaces in the Klang Valley like Istana Budaya, KLPac and The Actor's Studio are located around Kuala Lumpur, Petaling Jaya has never had an artistic hotspot to call its own.

Located within the new Jaya One development in Section 13, the PJLA is set to provide PJ folks with a fresh breathe of creative air to complement their suburban lifestyle.

Rather than developing just another commercial centre, Tetap Tiara Sdn Bhd executive director Charles Wong wants something that could benefit the community.

While researching on the history of PJ, Wong realised that from being a satellite town evolving to become the city it is today, there has not been any new community or lifestyle offerings for PJ dwellers.

“Initially, we wanted to build a multi-purpose hall but we wanted something that could fit into the long-term lifestyle needs of the people so we decided a performing arts centre was the way to go,” Wong said.

Wong's vision was to create a thriving artistic hub complemented by a wide range of dining, retail, health and wellness outlets.

With Zahim roped in as artistic director and lighting designer Mac Chan adding his touch in designing the theatre, the PJLA is aiming to converge the creative community into an area that would house - besides the actual theatre - administrative offices, rehearsal spaces, meeting rooms and studio space for classes and workshops.

Zahim is excited about the potential of this new attraction and he hopes to bring in sponsors to run scheduled yearly programmes for the theatre.

“PJ is a city now. To have city status, it's a shame not to have a theatre space,” he said.

http://www.thestar.com.my/archives/2007/12/12/central/m_02jayaone.jpg

New landmark: Jaya One in Section 13, Petaling Jaya,
will house the PJ Live Arts, a community arts centre and theatre.

Zahim also feels that people need to see the arts as being part of society and part of their lives as the nation develops.

Zahim and Wong are in accord that another point of attraction that would create a constant stream of customers is the eight double-storey bungalows in Palm Square, the heart of Jaya One, containing upmarket eateries and cafes that is synonymous with the present breed of working class people.

For the budget conscious, there is Wai Sek Kai (a Cantonese term loosely translated as Gluttony Street), which would be home to kopitiams (Hokkien for coffeeshops) and local Malaysian delights like nasi kandar and chicken rice.

“I would like to see it alive all of the time, not just at night but the whole day. Jaya One is very different. It's really thought about and well planned. It's not just about commercial spaces,” said Zahim, who feels that there were already far too many shopping complexes in the Klang Valley.

As the PJLA was developed with the community in mind, Zahim hopes that all sorts of art lovers would support in whatever way they can.

He is open to feedback and ideas that people might have and can be contacted at zahim@dramalab.com. my

The PJLA is expected to be ready by the second half of next year while the official handover to commercial tenants is scheduled for Dec 15 this year.

For more information, visit their website www.jayaone.com.my.

http://www.jayaone.com.my/images/Jaya3D1lg.jpg

haze

December 12th, 2007, 08:45 AM

Malaysia eyes RM1.7b FDIs for Selangor halal park

MIHAP expects new investments and business relocation from China in halal food manufacturing, and production of halal pharmaceuticals and biohealth food

MALAYSIA is aiming for some US$500 million (RM1.7 billion) foreign investments in an international halal park that will be developed in Selangor.

Government-owned MIHAP Holdings Sdn Bhd is trying to rope in China's National Investment Management Ltd (NIML) for the project.

The firms signed a memorandum of understanding (MOU) recently, witnessed by Prime Minister Datuk Seri Abdullah Ahmad Badawi, NIML said in a statement.

Under the deal, NIML will develop a halal franchising centre at the park and expects to generate 100,000 visitors per year from abroad.

NIML will also provide franchise management, in line with its current activities in the Shanghai Global Brand Franchise Centre, and halal global brand development.

"We expect new investments and business relocation from China to be in the halal food manufacturing, production of the halal pharmaceuticals and the halal biohealth food industry," said MIHAP adviser Datuk Ibrahim Ahmad.

NIML managing director Eros Lai said China has a Muslim population of over 30 million and they are ready for global markets.

"Our local partner (MIHAP) will assist us in the foreign direct investment process and audit certification, while our role is to bring in capital investments and players to build on the success of MIHAP.

"We are excited about this National Project under the Private Finance Initiative announced by the government last year," he added.

rizalhakim

December 13th, 2007, 03:28 AM

Malton set to unveil Pearl Villas

PETALING JAYA: Regular users of the Sprint highway along Section 16 may have noticed a hoarding that has come up around an empty piece of land, a few metres away from a BHP petrol kiosk.

This freehold site will soon see 40 units of 2½-storey semidees being built by Malton Bhd.

Dubbed Pearl Villas, the prices of the semidees in the gated development are expected to start from RM2.6 million.

A call made to Malton’s office revealed that the developer plans to launch Pearl Villas sometime this month before the year comes to a close. It is believed that some 30 buyers, all locals, have registered their interest in the project. With two designs to choose from, the land areas of the semidees range between 3,000 and 7,000 sq ft while built-ups are from 4,700 sq ft.

Meanwhile, it is also understood that Malton is busy preparing for another high-end project launch in the Petaling Jaya vicinity. The gated project is near SS23, Taman SEA, is targeted for launch next May.

The freehold project is expected to comprise 35 units of 3-storey zero-lot bungalows and 3-storey semidees. One may own a bungalow for a cool RM4 million.

Standard units are said to have land areas of 5,000 sq ft and built-ups of 5,000 sq ft. The site is said to be located opposite the Beaconhouse Sri Inai International School. Some prospective buyers have already registered their interest.

By theSun (by Loo Pik Kwan)

http://bp2.blogger.com/_BWQmSsODfo8/R182yJWVOHI/AAAAAAAAAxQ/VhlrnbujpoQ/s400/pearl-villas.gif

rizalhakim

December 13th, 2007, 07:20 AM

IDAMAN APARTMENTS

http://amrealty.com.my/idamanapartments/_images/logos.gif
http://amrealty.com.my/idamanapartments/_images/contact-picture.jpg
http://amrealty.com.my/idamanapartments/_images/map.jpg
Excellent Location; Extremely Affordable; Easy Access to Shah Alam, USJ, KL via Shah Alam Expressway (KESAS); Extensive Amenities - supermarket, Fast food, Hospital, School, bank; Established Neighborhood; Exquisite concept & Design; Expected Capital Appreciation; Apartment Living with condo Facilities.

Specifications

Structure: Reinforced concrete framework
Wall: Cement sand brick
Windows: Aluminum frame window - front
Timber/aluminium louved window - others
Door: Aluminium sliding door - balcony
Timber door - front entrance
Plywood flush door - others
Wall Finishes: Kitchen & toilet (5ft high local ceramic tiles)
Floor finishes: Living, dining & rooms - local ceramic tiles
Others - cement rendered
Paint: Internal Walls (Emulsion Paint), External Walls (Acrylic Paint)
Sanitary & Plumbing fittings:
Sitting WC 2 nos
Wash Basin 2 nos
Shower rose 2 nos
Wash Tap 2 nos
Kitchen Sink 1 nos
Electrical Fittings:
Lighting Point 11 nos
13 Amp Power pc 7 nos
Fan Point 1 no
MATV Point 1 no
Telephone Point 1 no

For further information call ...
03-5122 8889
012-320 2368 or 012-277 7838
7th Floor, Menara A&M, Garden Business Centre, No. 3, Jalan Istana,
4100 Klang, Selangor Darul Ehsan, Malaysia.

rizalhakim

December 14th, 2007, 04:11 AM

UPTOWN 37

http://www.shcsb.com.my/corporate/images/uptown37-BIG2.jpg

rizalhakim

December 14th, 2007, 06:02 AM

SunCity sedia laksana projek RM900 juta

SUNWAY City Bhd (SunCity), akan melancarkan projek bernilai RM900 juta di Lembah Klang dalam tempoh enam bulan akan datang bagi mengukuhkan lagi segmen perniagaan pembangunan hartanahnya.

Pengarah Urusan Pembangunan Hartanah SunCity, Ngian Siew Siong, berkata antaranya ialah projek bersepadu SunCity KL di tapak seluas 9.2 hektar yang akan dilancarkan menjelang suku pertama tahun depan, Sunway South Quay, Palazzio dan Taman Duta di Kuala Lumpur.

"Sejak Julai lalu hingga akhir tahun ini, kami sudah melancarkan beberapa projek bernilai RM1 bilion, menjadikan jumlah nilai keseluruhan projek yang dilancarkan berjumlah RM1.9 bilion, dalam tahun kewangan berakhir 30 Jun 2008.

"Dalam suku pertama berakhir 30 September lalu, kami sudah meraih jualan RM338 juta daripada projek yang dilancarkan sebelum ini" katanya selepas Mesyuarat Agung Tahunan (AGM) di Petaling Jaya, semalam.

Ngian berkata, SunCity yang kini mempunyai simpanan tanah seluas 1,320 hektar turut memberi tumpuan kepada pembangunan hartanah komersial menerusi projek pembinaan menara pejabat 24 tingkat di kawasan seluas 0.4 hektar di Jalan Ampang, awal tahun depan.

Katanya, dalam suku pertama tahun kewangan semasa, segmen perniagaan hartanah syarikat itu meraih sebelum cukai sebanyak RM76 juta diraih daripada pendapatan berjumlah RM359 juta.

nazrey

December 16th, 2007, 01:23 PM

11 new growth areas for Selangor
19/11/07
Zuhaila Sedek

Selangor does not want to be left out in the nation's current aggressive development phase. While the federal government has initiated the creation of three major economic corridors on the north, east and south of the peninsula, Selangor state on the west will undertake on its own steam 11 hotspots for growth.

These are Lembah Bernam, Bestari Jaya, Selangor Automotive City, the Kuala Lumpur-Kepong development centre, the Selangor Vision City (Guthrie Corridor), Carey Island, Canal City, Pantai Morib, Vintage Heights, Sepang Gold Coast and Ladang Socfin.

State Town and Country Planning Department director Mohd Jaafar Mohd Atan revealed these areas at a workshop organised by the Selangor State Investment Centre on infrastructure and facilities development held in Shah Alam earlier this week.

"We expect these new growth areas to reach their full potential by year 2020," he said, adding that they come within the National Physical Plan, which the Cabinet approved in April 2005.

With the hotspots, infrastructure in the state would be enhanced to accommodate a projected population of 15.36 million.

"Efficient and sustainable urban development that is resilient, dynamic and competitive will be emphasised in these areas. Quality urban services, infrastructure and utilities will also be provided within them," Jaafar said.

However, he pointed out that several issues and challenges need to be addressed by the relevant parties in order to make the new growth areas a success. Among these is the need to develop linkages with the other development corridors of the peninsula – the Iskandar Development Region, the Northern Corridor Economic Region and the East Coast Economic Region.

"Besides making sure that they are well linked, we will also look into the provision of an integrated and efficient urban transportation system and adopt a holistic approach to town planning to achieve the goals of sustainable development," he said.

To ensure the success of the hotspots, Jaafar called for "collaboration and smart partnership" between key state agencies and major industry players.

A gazetted development plan emphasising sustainable development, he said, would be drawn up.

The growth areas are envisaged to benefit all economic sectors of the state, especially property and real estate, infrastructure, agriculture, industrial and multimedia.

rizalhakim

December 17th, 2007, 04:34 AM

PJCC aims to emulate success of Mid Valley

Property Talk: By S.C. CHEAH

http://star-space.com/archives/2007/12/17/ptalk/b_pg21pjcc.jpg
Vincent Tai Chu Shi with a model of the PJCC project

Commercial properties in prime locations have been experiencing good take up rates for the past few years.

Besides a good location, competitive pricing is also an important factor.

The PJCC (Petaling Jaya Commercial City), an upcoming integrated three-phased commercial development comprising a Retail City (shop offices and service suites), Tower City (three to four-star hotel, office tower and shopping mall), Auto City and Lake City complexes, is one such development that boasts of location and pricing as its winning assets.

Vincent Tai Chu Shi with a model of the PJCC project
It is strategically located between the Old Klang Road and New Pantai Expressway (NPE) in the booming Bandar Sunway-Subang Jaya corridor. In fact, it is in one of the fastest growing locations in Petaling Jaya.

The developer, PJCC Development Sdn Bhd is building part of a slip road from the NPE to the development. When completed in eight years, PJCC can be seen from the NPE.

As for pricing, it is 30% to 40% cheaper than similar developments and that explains why 95% of the 34 units of the 3-storey shop offices in Phase 1 had been snapped up since its initial launch this March. There are also very limited units of the 5, 6 and 8-storey shop offices left.

Phase 2 comprising of more 3, 5 and 8-storey shop offices are now opened for sale. About 47% of the 34 units of 3-storey shop offices in Phase 2 have been sold.

The selling price of the Phase 2 strata title office units starts from RM199,900 while the price for the strata title ground floor shop lot with first floor office lots is RM660,900.

The individual title 3-storey, 22ft x 70ft shop offices are priced from RM868,900 while the individual title 5-storey shop office with lift is priced at RM2.5mil. The individual title 8-storey shop office with lift is priced at RM3.9mil. Both the 5 and 8-storey shop offices are limited corner lots with 40 ft wide frontages.

All shop offices will have wide back lanes of 40 to 50ft for easy loading and unloading of goods.

It has been noticed that when a location is “hot” and is in a prime area with a big population like in Subang Jaya and Bandar Sunway, there is no let up in the demand for more shop offices. The Taipan commercial centre in USJ is a good example where ready tenants usually move in soon after the ground floor shop lot has been vacated.

In PJCC's case, the developer has done the right thing in offering more than just shop offices. In fact, it has consulted extensively with landscape specialists and consultants to design an interactive lake in its Lake City featuring musical fountains, shallow wading pools, floating decks with retail kiosks and a stage for performances.

The interactive lake with surrounding greenery will have wide pedestrian styled promenades with extensive landscaping of imported and local trees and flowering plants. The lake will also feature cantilevered sitting areas leading down to the lake for relaxation.

Lake City in Phase 3, will have a bazaar with retail lots on the ground and first floor and a 3-level car park with about 500 bays.

PJCC Development Sdn Bhd sales & marketing manager Vincent Tai Chu Shi said PJCC would “mirror and parallel” the success of the Mid Valley City, about 10 minutes drive away.

“At PJCC, we have priced our commercial offerings at almost half of the current selling price of properties in Mid Valley City. Hence, the potential for high capital gains and rental returns for PJCC properties is very optimistic as PJCC believes in allowing its purchasers to enjoy a higher margin of capital appreciation,” he said.

Tai said the service suites called PJCC Avenue (550 sq ft to 850 sq ft) and PJCC Tower (1,200 sq ft to 1,800 sq ft) under Phase 2 were now opened for registration. Both would be priced around RM220 psf. The PJCC Avenue will have studio, 1, 2, and 3-bedroom layouts and SOHO (small office home office) units.

They will have facilities such as gymnasium, business centre, swimming pool and wading pool, 24-hour security, with guards and broadband and Astro ready.

He said the proposed 3-storey shopping mall in Tower City (Phase 3) would have about 267,000 sq ft of retail space.

“We are positioning PJCC which consists of four precincts, as a one-stop commercial city. It will be one of the biggest commercial developments in Petaling Jaya,” added Tai.

nazrey

December 17th, 2007, 08:00 AM

by derek1988ec

http://farm1.static.flickr.com/199/515921767_e3ad77eddd_o.jpg

rizalhakim

December 17th, 2007, 08:01 AM

Titijaya ubah wajah Klang
Oleh DALIZA ARIFFIN

PETALING JAYA 16 Dis. – Kumpulan Titijaya, pemaju hartanah bersepadu, akan mengubah imej pusat bandar Pelabuhan Klang dan Klang melalui dua projek terbarunya yang bernilai RM350 juta.

Pengarahnya, Charmaine Lim Puay Fung berkata, dua projek tersebut ialah Harbour Point di Pelabuhan Klang dan Klang Sentral di Klang.

Jelasnya, Harbour Point yang membabitkan pelaburan bernilai RM50 juta itu merupakan projek pembinaan 21 unit rumah kedai dan kompleks membeli-belah 120 lot ruang niaga setinggi dua tingkat.

Menurutnya, projek di kawasan seluas 1.36 hektar itu akan meningkatkan aktiviti komersial di Pusat Bandar Pelabuhan Klang pada masa depan, berbanding rumah-rumah kedai sedia ada yang selama ini sudah berusia lebih daripada 50 tahun.

‘‘Bangunan baru dan kompleks beli belah ini bakal menjadi tumpuan kerana ia berada di lokasi yang strategik serta memiliki lapangan meletak kereta yang luas dan sebuah pasar raya besar,’’ katanya kepada Utusan Malaysia, di sini.

Menurut Charmaine, sasaran pelabur bagi projek yang dijangka siap menjelang tahun 2009 itu adalah komuniti dan usahawan di sekitar Pelabuhan Klang.

Tambahnya, sehingga kini, Titijaya telah berjaya menjual lebih daripada 40 peratus unit-unit kedai di Harbour Point sejak pra pelancarannya.

Jelasnya, kemudahan pengangkutan juga terdapat di situ termasuk terminal bas Pelabuhan Klang, stesen komuter Keretapi Tanah Melayu (KTM) dan jeti Pulau Ketam.

Mengenai Klang Sentral pula, beliau berkata, syarikat yang telah terlibat dalam industri hartanah sejak 20 tahun lalu itu akan melabur kira-kira RM300 juta untuk projek berkenaan.

Jelasnya, projek seluas 33.2 hektar itu akan dibangunkan dalam tiga fasa iaitu 220 unit lot kedai dan juga terminal bas termasuk bas ekspres dan teksi yang baru, fasa kedua membabitkan pembinaan projek Sentral Walk dan fasa ketiga pula ialah bangunan pejabat setinggi tiga tingkat yang masih lagi dalam pelan perancangan.

‘‘Projek terminal bas dan teksi ini dijangka siap menjelang pertengahan tahun depan dan lokasinya amat strategik kerana ia bersambungan dengan beberapa lebuh raya utama,’’ ujarnya.

Sementara itu, Titijaya juga sedang membangunkan projek SS15 di Subang Jaya yang merupakan bangunan pejabat moden pertama di SS 15 Subang Jaya.

Katanya, projek bangunan pejabat setinggi 18 tingkat itu juga akan membabitkan pembangunan blok komersial yang akan disewakan kepada peniaga.

‘‘Blok komersial itu akan disewakan kepada syarikat berjenama terkenal dari luar negara,’’ jelasnya.

Menurutnya, nilai pembangunan kasar untuk bangunan pejabat itu adalah sebanyak RM100 juta dan dijangka siap menjelang 2009.

haze

December 17th, 2007, 09:21 AM

PJCC aims to emulate success of Mid Valley

Property Talk: By S.C. CHEAH

Commercial properties in prime locations have been experiencing good take up rates for the past few years.

Besides a good location, competitive pricing is also an important factor.

The PJCC (Petaling Jaya Commercial City), an upcoming integrated three-phased commercial development comprising a Retail City (shop offices and service suites), Tower City (three to four-star hotel, office tower and shopping mall), Auto City and Lake City complexes, is one such development that boasts of location and pricing as its winning assets.

http://biz.thestar.com.my/archives/2007/12/17/business/b_pg21pjcc.jpg

It is strategically located between the Old Klang Road and New Pantai Expressway (NPE) in the booming Bandar Sunway-Subang Jaya corridor. In fact, it is in one of the fastest growing locations in Petaling Jaya.

The developer, PJCC Development Sdn Bhd is building part of a slip road from the NPE to the development. When completed in eight years, PJCC can be seen from the NPE.

As for pricing, it is 30% to 40% cheaper than similar developments and that explains why 95% of the 34 units of the 3-storey shop offices in Phase 1 had been snapped up since its initial launch this March. There are also very limited units of the 5, 6 and 8-storey shop offices left.

Phase 2 comprising of more 3, 5 and 8-storey shop offices are now opened for sale. About 47% of the 34 units of 3-storey shop offices in Phase 2 have been sold.

The selling price of the Phase 2 strata title office units starts from RM199,900 while the price for the strata title ground floor shop lot with first floor office lots is RM660,900.

The individual title 3-storey, 22ft x 70ft shop offices are priced from RM868,900 while the individual title 5-storey shop office with lift is priced at RM2.5mil. The individual title 8-storey shop office with lift is priced at RM3.9mil. Both the 5 and 8-storey shop offices are limited corner lots with 40 ft wide frontages.

All shop offices will have wide back lanes of 40 to 50ft for easy loading and unloading of goods.

It has been noticed that when a location is “hot” and is in a prime area with a big population like in Subang Jaya and Bandar Sunway, there is no let up in the demand for more shop offices. The Taipan commercial centre in USJ is a good example where ready tenants usually move in soon after the ground floor shop lot has been vacated.

In PJCC's case, the developer has done the right thing in offering more than just shop offices. In fact, it has consulted extensively with landscape specialists and consultants to design an interactive lake in its Lake City featuring musical fountains, shallow wading pools, floating decks with retail kiosks and a stage for performances.

The interactive lake with surrounding greenery will have wide pedestrian styled promenades with extensive landscaping of imported and local trees and flowering plants. The lake will also feature cantilevered sitting areas leading down to the lake for relaxation.

Lake City in Phase 3, will have a bazaar with retail lots on the ground and first floor and a 3-level car park with about 500 bays.

PJCC Development Sdn Bhd sales & marketing manager Vincent Tai Chu Shi said PJCC would “mirror and parallel” the success of the Mid Valley City, about 10 minutes drive away.

“At PJCC, we have priced our commercial offerings at almost half of the current selling price of properties in Mid Valley City. Hence, the potential for high capital gains and rental returns for PJCC properties is very optimistic as PJCC believes in allowing its purchasers to enjoy a higher margin of capital appreciation,” he said.

Tai said the service suites called PJCC Avenue (550 sq ft to 850 sq ft) and PJCC Tower (1,200 sq ft to 1,800 sq ft) under Phase 2 were now opened for registration. Both would be priced around RM220 psf. The PJCC Avenue will have studio, 1, 2, and 3-bedroom layouts and SOHO (small office home office) units.

They will have facilities such as gymnasium, business centre, swimming pool and wading pool, 24-hour security, with guards and broadband and Astro ready.

He said the proposed 3-storey shopping mall in Tower City (Phase 3) would have about 267,000 sq ft of retail space.

“We are positioning PJCC which consists of four precincts, as a one-stop commercial city. It will be one of the biggest commercial developments in Petaling Jaya,” added Tai.

rizalhakim

December 18th, 2007, 10:27 AM

neo damansara.......new project? by emkay group

Lastresorter

December 20th, 2007, 12:42 AM

Can't find the thread for PJ8....

http://img91.imageshack.us/img91/6641/dsc03448es2.jpg

http://img143.imageshack.us/img143/7825/dsc03443fj7.jpg

http://img143.imageshack.us/img143/7278/dsc03447oh3.jpg

Ethaniel83

December 21st, 2007, 07:35 PM

Tropicana City Update 21-12-07
http://img138.imageshack.us/img138/1313/img6709id6.jpg (http://imageshack.us)

haze

December 26th, 2007, 04:51 AM

Petaling Tin plans landmark project

By Siow Chen Ming
Email us your feedback at fd@bizedge.com

Petaling Tin Bhd is out to rid itself of its sleepy image by developing a landmark office tower project in Petaling Jaya with a gross development value (GDV) of nearly double its market capitalisation.
According to management, the office tower project is expected to be worth some RM150 million in GDV, with a gross development margin of about RM60 million. The project, given its size, will have a significant impact on Petaling Tin, which has a market value of only RM86.1 million based on the closing price of 25 sen last Wednesday.
Petaling Tin has no debt and was in fact sitting on net cash of RM17.6 million as at Oct 31. It has net tangible asset (NTA) of RM359.2 million or RM1.04 per share. From a valuation standpoint, the company, 34.2% owned by Tan Sri Chen Lip Keong, looks significantly undervalued.
"We haven't gone out to promote ourselves to investors as we have nothing much to show yet. But things will start picking up in the next one or two years," says Leong Choong Wah, who was appopinted CEO in August.
He says apart from the office tower, the company will launch several projects in the Klang Valley, particularly in Ulu Kelang and Sungai Buloh, worth RM173.9 million in GDV. These projects are expected to have a gross development margin of slightly under 20%, or about RM34 million.
In total, Petaling Tin has property development projects with a GDV of more than RM320 million.
The office tower takes top priority. The management hopes to get approval by the third quarter next year to build a class A office tower. The project will sit on a 88,284 sq ft site to be acquired from sister company Karambunai Corp Bhd for RM12 million (which works out to RM135.90 per sq ft). The site currently has a four-storey building and factory erected on it and is tenanted by Petaling Tin and a third party.
The office tower will be a landmark project for Petaling Tin, says Leong. Located in Jalan Semangat and not far away from Jaya Supermarket and Jaya 33, the project aims to capture a slice of the property market boom in Petaling Jaya, which is seeing industrial areas transformed into a commercial centre and office hubs.
"The PJ City Council is looking to raise the plot ratio (density) for new projects. Based on a maximum plot ratio of, say, 3.5, we can have a project with about 309,000 sq ft (88,284 sq ft times 3.5) in saleable area. Multiply that with the going rate of about RM500 per sq ft in the PJ area, the GDV is about RM150 million, that is, if we put the entire office block for sale," says a confident Leong.
Rental return could be high, given the rate of RM4 per sq ft for class-A offices in the PJ vicinity. Based on 309,000 sq ft, annual gross rental income could be as much as RM14.8 million.
Leong estimates that the cost of developing the PJ project will not be more than RM90 million, including the land cost of RM12 million. The company plans to fund the project from profits generated from ongoing projects as well as some borrowings.
While the supply of new office space in PJ is set to increase substantially in the next few years, given rapid developments in the vicinity, Leong is optimistic that there will be enough demand to absorb the supply. He says PJ is becoming a choice location for offices due to the increasing congestion in Kuala Lumpur city centre.
Another point favouring Petaling Tin is its zero-gearing, which makes it less susceptible to financing risk.
"Assuming the market situation turns bad, we can afford to sit down and wait. It's not like we have borrowed a lot of money to acquire the land," says Leong.
The management hopes that the office tower project will lend credibility to Petaling Tin as a niche developer, going forward. While its existing landbank in the Klang Valley could last a few more years, the company is on the look-out to acquire small pockets of land for high-end projects.
Apart from the office tower project and other developments in the Klang Valley, Petaling Tin also owns some 1,500 acres of resort land in Karambunai, Sabah. The huge tract of hillside land is behind the massive beachfront land owned by Karambunai Corp.
The resort land is carried at a net book value of RM210 million, making up almost 59% of Petaling Tin's net tangible asset value. However, the lack of development potential in the immediate term may have caused the resort land to be not fairly reflected in Petaling Tin's market value.
But Leong says the potential of the resort land could be exciting in the near future. He adds that Karambunai Corp had locked in RM210 million in sales, representing a 90% take-up rate, from the launch of over 200 resort residential units in the first phase. Each unit carries a price tag of about RM1 million. Most of the sales were generated from foreign customers.
While Karambunai Corp is set to launch the second phase of the beach front project, Petaling Tin is deliberating its plans for the hillside resort land, which, apart from residence units, may also include a six-star resort.
"We are not in a rush. We are waiting for the right time to launch the Karambunai project," says Leong.
Petaling Tin has long been a neglected counter. It was once proposed to be the back door vehicle for Chen's gambling operations in Cambodia, but the deal was not approved. It had generally been a quiet stock until its plunge into property. But it does not have land in prime locations such as the KLCC area.
Nevertheless, this could be the beginning of a new phase for Petaling Tin. If it lacks fundamentals, the mere fact that it has no gearing and is trading at a 75% discount from NTA, should offer investors a healthy comfort zone to ride on its property ventures.

nazrey

January 6th, 2008, 02:33 PM

New Jaya Shopping Centre Rendering

http://img206.imageshack.us/img206/114/1210071800uz0.jpg (http://imageshack.us)

Time to move out of PJ’s blue landmark
Saturday January 5, 2008
By JADE CHAN
TheStar

More tenants of Jaya Supermarket in Section 14, Petaling Jaya, are preparing to move out of the 22-year-old shopping centre which is scheduled to be demolished after Chinese New Year.

SECTION 14A Rukun Tetangga (RT) chairman Tee Kee Tian recalls going to Jaya Shopping Centre often, whether to shop for fresh produce at the supermarket, enjoy his favourite steak or buy a new pair of shoes.

“Jaya Supermarket (as it’s better known) is a famous landmark in Section 14 and PJ itself. It was built in 1974 and is one of the first supermarkets in PJ,” said Tee, a PJ resident for 27 years.

This “blue landmark” will soon be gone, as it has been earmarked for a redevelopment plan that includes the demolition of its existing structure and the construction of a new shopping mall with basement parking.

While its management representatives refused to reveal any details, sources told StarMetro that it is scheduled to be demolished after Chinese New Year and construction of the new mall will be completed in about three years’ time.

The existing building has four storeys of retail units, five storeys of office units, as well as a one-storey lower ground and rooftop car park.

There are 396 and 70 parking spaces for vehicles and motorcycles respectively.

The new seven-storey retail building with a four-level basement parking will have 839 and 332 parking spaces for vehicles and motorcycles respectively.

http://www.thestar.com.my/archives/2008/1/5/central/m_02jaya.jpg

Farewell, old friend: Jaya Supermarket will soon be demolished and will be
redeveloped into a lifestyle shopping mall with a cinema, department store
and retail units.

According to the redevelopment plans, the developer has come up with a traffic management system to better manage the traffic flow.

It will have a dedicated lane for entering and exiting the mall, which are parallel to Jalan 14/24 and Jalan Semangat, two service zones for heavy vehicles to unload cargo, and a drop-off zone for customers to go into the mall.

“The developer approached the RT early last year to explain the redevelopment of Jaya Supermar-ket. They had a few dialogues with the residents and we proposed suggestions to structure the traffic management system and loading zones better,” said Tee.

“The residents and developer also had several meetings with the Petaling Jaya City Council (MBPJ), which was chaired by councillor Choo Yoong Fatt.

“We discussed the traffic, safety, security and pollution issues which could crop during the construction process, and the developer promised they would take care of them.

“With the additional parking spaces, we foresee that traffic congestion will be softened once the new shopping mall is opened,” he said.

“We look forward to having the new mall, which will be redeveloped into a lifestyle shopping mall with a cinema, department store and retail units. But we’ll miss Jaya Supermarket, which is like our neighbourhood convenience shop for groceries and F&B purposes.”

Jaya Supermarket’s tenants have begun moving out, as the last day they are allowed to trade is Feb 6, 2008 (eve of Chinese New Year).

“They’re moving to nearby Jaya 33, 3 Two Square, Amcorp Mall and Atria; a few have not been able to find new premises,” said Tee, adding that he estimates about 30% of the new shopping mall will be made up of the old tenants.

The tenants were given a six-month notice beginning early August 2007 to move out.

“We chose to move to Jaya One based on its proximity to our current location, its management’s approach and promotion plans, and high density population,” said Chelsea Lai, the youngest daughter of Jaya Noodle House founder and head chef Lai Kok Choy.

Chelsea and her sisters have been compiling a database of customers’ contact numbers for months, and are hoping to move into their new premises in February.

“There is a slight melancholic air now. My father and the other tenants who’ve been around for decades never thought that Jaya Supermarket would go before them, but they understand that things have to come and go,” she said.

Hing’s Watch founder and director Yee Wah Hing owns one of the founding shops in Jaya Supermarket and moved his outlet to Jaya 33 after receiving notice about the redevelopment.

He attributes his sustainability to having loyal customers and word of mouth recommendations, and plans to open another outlet once the new shopping mall is built.

“Jaya Supermarket holds a lot of memories for me and I’ve grown to see three generations of customers coming to my shop,” said Yee.

For Jaya Do-It-Yourself Centre proprietor Eddy Ng, it has been several weeks of sleepless nights as he plans how to move his stocks, new racking systems and ways of informing customers of his shop’s move to a showroom office in Section 17.

“There had been speculation for about two years that Jaya Supermarket would either be refurbished or demolished. Once the plans were firmed up, we scouted around for a new place and settled on a property that belongs to my family,” said Ng, 54.

He has a keen interest in moving back to the new mall if the rental is not exorbitant, and hopes to be part of the new Jaya when it is completed.

rizalhakim

January 7th, 2008, 05:24 AM

Titijaya fast becoming innovative developer

Property Talk: By S.C. CHEAH

THE Titijaya Group is fast making a name for itself as an innovative property developer, shedding its previous image as merely a builder of traditional shop offices.

This year will see the group launching several new projects in Selangor that will include the Subang Soho[/size= in SS19, Subang Jaya, and [size="3"]Sentral Walk in Klang Sentral after the coming Chinese New Year.

It also has a 500-acre development in Sungai Kapar Indah and nearly 300 acres in Kapar Bestari, a joint venture project with Worldwide Holdings Bhd.

Group director Charmaine Lim Puay Fung is upbeat that its new line-ups would do as well as its previous developments.

The Sentral Walk will have a concept similar to The Street@ Curve in Damansara. There will be 80 units of three and four-storey hybrid/shop offices with dual frontage and a landscaped courtyard in the middle.

The ground and first floor will be retail lots while the office unit will be on the third floor. Prices are from RM988,000.

With 90% of the 220 units of three-storey Phase 1 shop offices sold, it is obvious that there is a strong demand for retail units in the RM12mil Klang Sentral transportation hub.

The Phase 1 units were priced from RM788,000 to over RM1mil. There will also be a proposed hypermarket on a six-acre land.

Meanwhile, the1.6-acre, freehold 19-storey Subang Soho with RM90mil gross development value will cater to young, single professionals who yearn to have their own “working pad” that is within easy reach of many amenities.

Again, Titijaya has researched people's lifestyle and feels that the time is right to launch 448 Soho units despite the rising number of apartments in the nearby Subang Parade stretch.

Subang Soho's special features include a sky club, rooftop garden, broadband connectivity, 16ft-high double-volume concept and fully furnished units that include air-conditioners.

Unit sizes are from 560 to 1,084 sq ft and priced around RM350 per sq ft (priced from RM198,800). There will be two wings.

In Sungai Kapar Indah, Titijaya will soon be selling 80 units of houses completed by Guthrie previously.

These include two-storey link houses priced from RM178,000 for the 20ft x 65ft type and from RM186,000 for the 20ft x 70ft type.

Realising a demand for single-storey terrace houses in the area, the company is going to launch some 20ft x 65ft, single-storey terrace houses priced from RM160,000.

Other projects in its stable include:

Harbour Point. This retail and office development on 3.4 acres of leasehold land in the town centre in Port Klang was launched recently. About 60% of the 21 units of three-storey shop offices and priced from RM799,000 have been sold.

This project is in a good location as it is between the main thoroughfare of Pesiaran Raja Muda Musa and Jalan Depoh.

There will also be a neighbourhood mall called HP Mall. The anchor tenant will be Giant that will be taking up 30,000 sq ft of space.

The retail lots from 250 to 800 sq ft will be priced from RM143,000. There will be 80 covered parking bays as well as an open car park.

Titijaya is keeping 30 of the 100 retail lots. About 90% of the saleable lots have been sold.

Titijaya has done its research well as it knows there is a strong demand for modern retail lots with very few sub sales from existing retail units in the area. Most of the buyers are also up-graders.

Tiara Square in UEP Industrial Park in USJ12. All 94 units of two-storey shop offices have been sold and completed. Certificate of Fitness for Occupation (CF) is being handed over to purchasers. The value has appreciated by 20%.

It is also building the RM20mil Chinese Cultural Centre that would be handed over to the Selangor Government to operate.

It will be a one-stop centre for all things Chinese such as Chinese cuisine, Chinese medical treatment, and Chinese products.

First Subang. This 1.5-acre freehold mixed development in the SS15 commercial centre in Subang Jaya, Selangor, comprises two office towers on top a three-level retail podium.

About 80% of the first tower called the Southern Tower (11 floors) has been sold since its launch a year ago. Those who bought the 500 to 1,270 sq ft units are mainly up-graders.

The second tower called Northern Tower (10 floors) is not opened for sale yet. Both towers are under construction.

E-Tiara (next to Carrefour/Subang Parade) is fully sold and completed. With demand continuing to exceed supply for such quality apartments in the area, rentals are expected to remain firm.

A studio unit priced around RM150,000 is said to fetch RM1,200 rental a month. It is about 70% occupied.

The Tiaraville apartment next to E-Tiara is also sold and would be handed over in May.

rizalhakim

January 7th, 2008, 05:26 AM

Residents say no to telco tower at field

By LIM CHIA YING

THE proposed construction of a telecommunication broadcasting tower at a playing field along USJ 5/3A has upset many residents.

During a visit to the field, earth was seen dug up while a section of it has been cordoned off with hoardings to facilitate construction works.

All dug up: Residents with Loh ( second from left) at the field
A signboard placed at one side of the field states that the project by the Subang Jaya Municipal Council (MPSJ) is for a telecommunication broadcaster measuring 20m in height and also other equipment that act as a radio station broadcaster.

USJ5 residents said they first spotted the signboard on Thursday evening and were shocked to discover about the proposed construction at their small field.

“We are objecting to this construction because it may be emitting unhealthy radioactive waves,” said Datin Rosalind Lee, a resident of USJ 5/3D.

“This field is the smallest in USJ5, measuring less than one acre. Yet we have this construction at a space where the qi gong group exercise every morning while youths play football in the evenings.”

Kelana Jaya MP Loh Seng Kok was present at the site to meet residents about the issue.

He said according to the MPSJ, the tower has dual purpose - firstly, to provide lighting at the field and secondly to cover blind spots for a telecommunication service provider.

Residents said that the field already has lamp posts but that no lights had been provided for the last two years.

“Every night it is dark here and our line dancing group can't have practice sessions at all.

“Why bother to have the tower when we have lamp posts that are not utilised?” asked Lee.

Loh then check as to whether the field indeed has blind spots using his mobile phones under two different service providers - Celcom and Maxis.

Both the phones had full bars, indicating that the lines were in full service and proving that there were no blind spots as claimed by MPSJ.

“What MPSJ told me about blind spots is not convincing enough to justify the need for this tower. We also now know that services are good here.’’

“In fact, five years ago a telecommunication service provider wanted to put up a station here but failed to do so after residents objected to it,” said Loh.

Residents Emily Wong and Linda Cheong also added that the people were not consulted when planning the project.

The group of residents present to meet Loh also reiterated that they do not need the facility at their field.

“The project signboard is also incomplete, as it does not state the date construction work starts and its completion date,” said Loh. “Residents should have been consulted first before anything is built.

“I'll write a letter to the council on this to inform them to stop work and also assess the feelings of residents who have been using this field for many years now,” said Loh.

rizalhakim

January 7th, 2008, 05:53 AM

Nam Fatt lancar butik kediaman mewah di Shah Alam

PEMAJU Hartanah, Nam Fatt Corporation Bhd (Nam Fatt), akan melancarkan butik kediaman mewah dikenali sebagai “Esente” di Kelab Golf Sultan Abdul Aziz Shah (KGSAAS), Shah Alam, September ini.

Projek kediaman kontemporari itu yang merangkumi 13 unit eksklusif termasuk 12 unit kediaman berkembar dan seunit banglo, akan dibangunkan di Zon C di kawasan seluas 240 hektar merangkumi padang golf dan kediaman.

Nam Fatt berkata, Esente@KGSAAS menawarkan gaya kehidupan lebih kontemporari dan eksklusif dengan pemandangan sekitar yang indah serta aman.

“Esente adalah kediaman yang direka secara pintar, dilengkapi teknologi dan kemudahan lain bagi menepati keperluan dan cita rasa penduduknya,” katanya menerusi kenyataan di Kuala Lumpur.

Esente turut dilengkapi sistem rumah pintar dengan ciri khas seperti automasi kilat, butang kecemasan dan pusat data di setiap bilik kediaman.

Kenyataan itu menambah, sambungan internet turut disediakan di kawasan kediaman terbabit bagi memberi kemudahan kepada penduduk bekerja dari rumah.

“Unit kediaman berkembar direka menerusi penampilan ciri banglo, berikutan adanya kolam menarik yang memisahkan kedua-dua unik antara struktur tunggal,” katanya.

Dalam perkembangan berasingan, Nam Fatt turut menawarkan plot rizab banglo terhad kepada pelanggan yang mahukan sentuhan peribadi bagi projek hartanah terbabit.

rizalhakim

January 11th, 2008, 02:51 AM

PKNS sasar hartanah tunjang ekonomi

PERBADANAN Kemajuan Negeri Selangor (PKNS), anak syarikat kerajaan Selangor, mensasarkan bidang hartanah menerusi pembangunan perumahan, kedai dan kompleks perniagaan, kilang dan penempatan semula setinggan, sebagai tunjang utama ekonominya.

Pengurus Besarnya, Datuk Harun Salim, berkata beberapa strategi berkesan sudah dikenal pasti untuk memastikan PKNS terus menjadi penyumbang utama kepada kerajaan negeri.

Antara pembangunan sosio-ekonomi itu, katanya, ialah menerusi pembangunan bandar baru, kawasan perumahan, perindustrian dan menggalakkan pertumbuhan masyarakat usahawan Bumiputera yang menjurus kepada peningkatan taraf hidup serta kesejahteraan rakyat.

“Misi sebagai peneraju pembangunan menjadikan PKNS terus bertindak sebagai penggerak industri hartanah dan pembangunan di Selangor,” katanya ketika ditemui di Petaling Jaya, baru-baru ini.

Beliau berkata, bagi mencapai hasrat itu, PKNS menyediakan pembangunan hartanah mampu milik daripada peringkat pembangunan kawasan kediaman hingga kepada pembangunan bagi tujuan aktiviti ekonomi dan perdagangan bagi semua peringkat masyarakat.

Sehingga kini, PKNS membangunkan bandar moden seperti Shah Alam, Kelana Jaya, Kota Damansara, Kota Puteri, Antara Gapi dan Bernam Jaya.

“Kejayaan membangunkan bandar moden itu adalah penanda aras kepada PKNS untuk bergerak dengan lebih yakin membangunkan bandar seumpama pada masa depan,” katanya.

Pada 2007, Harun berkata, PKNS membina 1,478 unit kediaman pelbagai jenis dan menyediakan kemudahan perumahan kepada kira-kira 7,500 penduduk Selangor.

Katanya, daripada jumlah itu, 1,080 unit (73 peratus) adalah jenis kos sederhana dan 398 unit (23 peratus) jenis mewah.

Beliau berkata, tahun lalu saja, PKNS menyiapkan 1,504 unit pelbagai hartanah merangkumi rumah kediaman, kedai dan kilang.

“Dalam tempoh Rancangan Malaysia Kesembilan (RMK-9), PKNS merancang membina 16,038 unit bangunan bernilai RM1.9 bilion berbanding 28,978 unit bangunan bernilai RM1.9 bilion dalam Rancangan Malaysia Kelapan (RMK-8).

“Ia adalah pengurangan 45 peratus dari segi unit dan masih kekal dari segi nilai, disebabkan jumlah tanah dan tanah berpotensi tinggi yang boleh dimajukan segera semakin mengecil,” katanya.

Harun menambah, pengurangan terbesar membabitkan pembinaan 60 unit kilang atau pengurangan 86 peratus bagi tempoh RMK-9 berbanding 442 unit dalam RMK-8 dan mengurangkan pembinaan 45 peratus rumah kepada 12,508 unit dalam RMK-9 daripada 27,780 unit ketika RMK-8.

Katanya, untuk memastikan pembangunan hartanah terus seimbang dengan permintaan pembeli, PKNS memperbanyakkan projek kos sederhana dan kos tinggi.

“Pendekatan ini perlu bagi memastikan sumber pendapatan berterusan, di samping pembinaan rumah mampu milik bagi memenuhi permintaan rakyat,” katanya.

Bagi memantapkan operasi, beliau berkata, PKNS juga akan memastikan projek disiapkan dan dijual mengikut jadual supaya sumber pendapatan dapat dikekalkan untuk pembiayaan kos pembangunan dan komitmen lain.

Selain itu, Harun berkata, program pembangunan kedai bertujuan mewujudkan peluang perniagaan dan perdagangan melalui pembinaan kedai, kompleks dan ruang perniagaan.

“Lokasi strategik sudah dipilih untuk membina kedai, kompleks dan ruang perniagaan bagi membantu menjayakan usaha program Masyarakat Perdagangan dan Perindustrian Bumiputera,” katanya.

Sehingga 2007, PKNS menyiapkan 3,865 unit kedai dan pejabat di merata pusat pertumbuhan baru yang dimajukan seperti di Shah Alam, Bangi dan Kelana Jaya, selain 26 unit rumah kedai. - Bernama

rizalhakim

January 13th, 2008, 09:32 AM

Bandar Raya buys Subang Jaya land for RM126m
Bandar Raya's unit Impiana Impresif will buy the land from Kee Hup Properties for a project which is expected to generate gross development profit of RM500 million

Published: 2008/01/11

BANDAR Raya Developments Bhd (BRDB) has bought a 10.2ha piece of land in Subang Jaya for RM125.86 million with plans to turn it into a mixed-use development featuring retail, street retail, office suites and apartments.

BRDB chief executive officer, Datuk Jagan Sabapathy said the project is expected to generate gross development value of about RM1.5 billion and gross development profit of about RM500 million.

With an estimated gross built-up area of five million sq ft, the development is expected to be carried out in four to five phases over seven to eight years with the first phase expected to begin in 2009.

"We are hoping to start work on the land as soon as possible as we believe there is strong demand for a decentralised commercial centre in the Subang Jaya/ Petaling Jaya area. Our target is to start within the next 12 months," he said.

He said BRDB will continue evaluating and purchasing land in prime areas to ensure enhancement of the company's earnings.

BRDB's wholly-owned unit, Impiana Impresif Sdn Bhd, yesterday entered into a conditional agreement to buy the land from Kee Hup Properties Sdn Bhd (KHPSB), a wholly-owned unt of Kee Hup Holdings Bhd.

The company will use the group's own funds and borrow from banks to pay for the purchase.

rizalhakim

January 14th, 2008, 05:54 AM

Menara Rajawali @ Section 15 Subang Jaya
http://www.cms.kpharta.com/images/menara_rajawali.jpg
http://www.cms.kpharta.com/images/rajawali_staradvertisments.jpg

rizalhakim

January 16th, 2008, 06:24 AM

Subang project seen boosting Bandar Raya earnings

Published: 2008/01/15

BANDAR Raya Developments Bhd's (BRDB) recent purchase of a 10.1ha site in Subang Jaya will provide another catalyst for sustainable earnings growth for the property developer post-2009.

OSK Research Sdn Bhd analyst Mervin Chow Yan Hoong said this project is able to leverage on its prime location of Subang, with easy accessibility from the Federal Highway.

"And with the apartments priced in the region of RM250,000 to RM350,000, they will be affordable to most Klang Valley households with monthly income of more than RM5,200," he wrote in a note on Monday.

BRDB recently announced plans to undertake a mixed integrated development on the land, comprising retail, street retail, designer and office suites, and residential apartments.

With potential gross development value of RM1.5 billion, the project is to be carried out within seven to eight years with the first phase expected to be launched by early 2009.

Chow also said that it is becoming more apparent that BRDB is slowly differentiating itself by moving into developments of niche and integrated products, probably to replicate the successful "Mid-Valley City" model in a medium scale.

He is maintaining a "buy" rating and a price target of RM4.27 on BRDB shares.

"Pending the finalisation of a more refined development plan, potential earnings will not be incorporated into our valuation model just yet," he added.

rizalhakim

January 22nd, 2008, 07:01 AM

Meda to sell The Summit Subang for RM260m

MAJORITY shareholders of property developer Meda Inc Bhd bulldozed their way for the sale of its well-performing mixed commercial complex at the company's extraordinary general meeting (EGM) yesterday.

The Summit Subang USJ in Subang Jaya will be sold to AmFirst Real Estate Investment Trust for RM260 million after majority votes approved the sale.

However, some minority shareholders met by reporters outside the EGM held at The Summit Hotel said they had voted against the sale of the commercial complex because the asset provided value to the company.

With current occupancy of the office tower at 100 per cent, the hotel at 64 per cent, and the retail complex at 93 per cent, the complex generates a gross annual income of RM36.12 million.

These shareholders also voiced their desire for dividend payments, which the company has not declared since 2003.

The company posted net losses of RM85.7 million against revenue of RM47.1 million for the nine-month period ended September 2007 due to soft property development activities for financial year ended December 31, 2007.

For FY06, Meda's net profit was RM15.65 million against revenue of RM153.57 million.

Meda aims to use the sales proceed of Summit Subang USJ to help retire bank borrowings of RM179.85 million while the balance will be used to grow its core business of property development.

The property, comprising the 15-storey Menara Summit office tower block, the 17-storey The Summit Hotel with 2,125 car-parking bays and a six-storey retail podium, carries a net book value of RM339.6 million as at December 31, 2006.

When met by reporters, company secretary Tai Siew May said the motion was carried through with 97 per cent of the votes, but declined to elaborate.

The board of directors also evaded questions posed by the press, who waited for them outside the EGM venue.

Some shareholders had disagreed with the method of voting, saying Meda could have opted for a show of hands instead of use a ballot.

However, when contacted later by Business Times, Tai said the Meda chairman had decided to have a poll because it was an important transaction that needed to be counted correctly. She would not comment further.

By New Straits Times (by Jeeva Arulapalam)

nazrey

January 22nd, 2008, 07:41 AM

MBO to open flagship cineplex at Klang’s new mall
22 Jan 2008 12:14 PM
THEEDGEDAILY

KUALA LUMPUR: MCAT Box Office Sdn Bhd (MBO), a locally established cineplex operator, has teamed up with HARBOUR PLACE for its largest and most ambitious cineplex operations to date at the Klang mall which is scheduled to be opened by mid-2008.

MBO chief operating officer Ikmal Nizam Ariffin said the launch of MBO Cineplexes @ HARBOUR PLACE would mark one of the first of a series of cineplex openings by MBO throughout the country, as part of its aggressive expansion plan for the next three years.

Located at Persiaran Raja Muda Musa, HARBOUR PLACE is a retail and office development by Chestar Properties Sdn Bhd, with 450,000 square feet of retail space.

“By far, it has been MBO’s strategy to target suburban locations to set up its cineplexes to tap the huge market of 18-35 year olds who want to catch movies without the hassle of going into the city centre,” he said.

MBO Cineplexes @ HARBOUR PLACE will have a total of 10 screening halls, covering up to 40,000 square feet. MBO Cineplexes will be one of the key tenants at HARBOUR PLACE.

Established in 2004, MBO currently operates three cineplexes, MBO Galaxy Cineplex (Ampang, Selangor) with 10 screens; MBO Cineplex in Kluang, Johor with five screens; and MBO Cineplex Melaka (Ayer Keroh Melaka) with seven screens.

HARBOUR PLACE general manager Kenny Chin said: “HARBOUR PLACE will have a sophisticated beat and feel to it, as never before available in Klang. We are confident that this MBO-HARBOUR PLACE partnership will be a cohesive and highly successful one.”

nazrey

January 26th, 2008, 11:34 AM

Kelana Street Mall,near Giant

http://www.iproperty.com.my/property/realtors/images/housepix/UP80841.JPG

rizalhakim

January 28th, 2008, 03:21 AM

Project to be 'Mid Valley of Petaling Jaya'
By Presenna Nambiar Published: 2008/01/27

PJCC Development Sdn Bhd has sold RM50 million of properties under the first phase of its Petaling Jaya Commercial City (PJCC) development project.

The first phase, which is only 45 per cent complete, comprises the retail city precinct that offers three-, five- and eight-storey shop-lots.

http://www.btimes.com.my/Current_News/BTIMES/Monday/Nation/pjcc.xml/Article/Current_News/BTIMES/Images/pjcc.jpg

The book value of the retail city is RM80 million, while the gross development value of the whole project is RM500 million.

PJCC Development sales and marketing manager Vincent Tai said the project will be mostly self-funded.

The overall development, scheduled for completion in 2014, houses four precincts over 13ha and will be developed in three phases.

Tai said that its location between the Mid Valley Megamall in Kuala Lumpur and the Sunway Pyramid in Petaling Jaya, as well as its relatively cheaper pricing, made it an attractive proposition for investors and businessmen.

"We want it to be the Mid Valley of Petaling Jaya," he told Business Times in an interview.

The development will also have serviced apartments, a hotel, an automotive city complex, a lake city complex, a shopping mall, a bazaar retail lot and a full-fledged college campus.

"We are planning to get a college to set up an on-site campus here, extending the college belt in Bandar Sunway and Subang Jaya. I think it will complement the development very well," Tai said.

PJCC Development is the owner and developer of the PJCC project.

The owners of PJCC Development are also shareholders of the Novotel Hotel in Kuala Lumpur and the Pulai Springs Resorts in Johor, which include Mah Siew Chean.

Tai also said that the company has received approval to build an ingress from the New Pantai Expressway (NPE) to the development.

He said the deal was for PJCC Development to maintain the ingress for 30 years for an disclosed sum.

"Accessibility to the development will not be a problem as, once the ingress is completed in a month's time, PJCC will be connected to the NPE as well as two other major highways."

Ethaniel83

January 29th, 2008, 05:03 PM

NZX Ara Damansara by ahzhee
http://img251.imageshack.us/img251/6/byahzheebc8.jpg (http://imageshack.us)
http://img20.imageshack.us/img20/8619/2182508589881620c192odi2.jpg (http://imageshack.us)
http://img251.imageshack.us/img251/3620/2183296268bda9fbbe4boui2.jpg (http://imageshack.us)

nazrey

February 2nd, 2008, 04:50 AM

MPSJ seeks owner of abandoned project
Saturday February 2, 2008
By LIM CHIA YING
TheStar

THE Subang Jaya Municipal Council (MPSJ) wants the owner of an abandoned construction project in USJ 1, opposite the Giant hypermarket and The Summit shopping mall, to come forward to resolve the matter.

If the owner doesn't turn up, the council may take legal action to forfeit the land.

The abandoned place was in the news recently when a 36-year-old man from Sabah was found dead at the site.

In the past, the council had released guppy fish into the derelict project site where some of its floors, which were meant to serve as basement car parking bays, were submerged in water.

Previously, some foreigners had also made the site their home while some even went in to fish and swim. The foreigners have since vacated the area.

According to MPSJ president Datuk Adnan Mohd Ikhsan, the problem is that the council is unable to trace its owner.

“We have also put up hoarding around the place but there are people who start prodding holes around to enter. These people go in to dive and camp there. I hope the public would not do such things in future and put themselves at risk,” he said.

Subang Jaya assemblyman Datuk Lee Hwa Beng said this is the second death occurred there, and he advised the public to not go into the abandoned site.

"The first incident was last year when a father took his 10-year-old son in there for fishing, and the son fell into the water and died," he said.

He also urged the land owner to show up. If he fails to do so in February, Lee will consider bringing the case to Petaling Land office to have the land confiscated.

rizalhakim

February 6th, 2008, 04:26 AM

CPB Construction dapat kontrak RM111.15 juta

CHASE Perdana Bhd menganugerahkan kerja subkontrak bernilai RM111.15 juta kepada anak syarikat milik penuhnya, CPB Construction Sdn Bhd, membabitkan projek pembangunan bercampur di Mukim Sungai Buloh, Selangor.

Dalam pengumuman kepada Bursa Malaysia semalam, syarikat itu menyatakan CPB Construction akan melaksanakan subkontrak itu bersama C & S Engineering Management Sdn Bhd pada asas 50:50.

Katanya, projek pembangunan campuran itu yang akan mula dilaksanakan menjelang suku pertama tahun ini, dijangka siap dalam tempoh 30 bulan bermula dari tarikh pemilikan tapak.

Kontrak utama projek berkenaan yang dimenangi Chase Perdana baru-baru ini daripada M K Project Management Sdn Bhd, membabitkan pembinaan dua blok komersial dan dua blok pangsapuri.

"Projek pembangunan berkenaan dijangka menyumbang secara positif kepada pendapatan kumpulan bagi tahun kewangan berakhir 31 Disember 2008, namun ia tidak memberi kesan terhadap modal saham berbayar dan terbitan syarikat," katanya. - Bernama

Chase Perdana gets RM111m job

CHASE Perdana Bhd has won a sub-contract worth RM111.15 million to complete two commercial blocks and two 20-storey apartment blocks in Sungai Buloh. The job was given to subsidiary CPB Construction Sdn Bhd from M.K. Project Management Sdn Bhd. It is due to start in the first quarter of 2008.

rizalhakim

February 11th, 2008, 08:53 AM

EMPIRE SUBANG

ANY UPDATE????

http://farm1.static.flickr.com/176/458704599_669a95de36.jpg
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http://www.meh.com.my/image/empireSJ_loc.jpg

rizalhakim

February 11th, 2008, 08:54 AM

EMPIRE SUBANG

http://img03.picoodle.com/img/img03/7/3/27/f_DSC03680m_d8a42f0.jpg
http://img01.picoodle.com/img/img01/7/3/30/f_DSC03686m_becd90c.jpg
http://img03.picoodle.com/img/img03/7/3/30/f_DSC03687m_bccd262.jpg

rizalhakim

February 12th, 2008, 04:51 AM

good news 4 selangor

Selangor approves RM8.2b investments
Published: 2008/02/11

THE Selangor government approved investments amounting to RM8.2 billion for manufacturing projects in the state for the first 10 months of last year.

Based on the amount, the state is now confident of reaching the RM10 billion target that had been set, said chief executive officer of Selangor State Investment Centre (SSIC) Bhd Datuk Mhd Jabar Ahmad Kembali.

He said the final figures for investments in the state last year will be announced by the Minister of International Trade and Industry Datuk Seri Rafidah Aziz this Thursday.

According to sources from the Malaysian Industrial Development Authority, the figure registered by Selangor was among the highest recorded by the states in Malaysia.

Of the RM8.2 billion, some RM3.5 billion were foreign investments including from Japan, Germany and the United Kingdom.

Mhd Jabar said the final figure for last year will be much higher as it has yet to include the services sector’s contribution.

Selangor also offered about 30,000 job opportunities last year compared with the 23,000 projected opportunities, he told a press conference in Shah Alam.

For this year, Selangor will focus on bringing more investments to the Klang Valley II which covers the Kuala Langat and Sepang areas which house mega projects like the Malaysian Super Corridor, KL International Airport and the Sepang Gold Coast tourist project.

Mhd Jabar said Selangor is also in the process of approving an investment from a large oleo-chemical company from Europe. - Bernama

rizalhakim

February 15th, 2008, 04:14 AM

setia nexus @ klang

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nazrey

February 17th, 2008, 06:24 AM

Three office towers for Bandar Sunway
Saturday February 16, 2008
Via TheStar

SUBANG JAYA: Sunway City Bhd plans to add three more office towers within the Sunway Lagoon Resort this year, property investment managing director Ngeow Voon Yean said.

However, it had not yet confirmed the cost for the new properties, he said at a Bandar Sunway Safe City Initiatives event.

“The office towers are expected to be completed in two years,” he said, adding that the company would also build an office tower this year near Wisma Denmark in Kuala Lumpur.

The Safe City Initiatives is a collaboration between the Sunway group, the Royal Malaysia Police, the Malaysian Crime Prevention Foundation and the Selangor goverment to combat crime within Bandar Sunway. – Bernama

rizalhakim

February 20th, 2008, 03:58 AM

MORIB BEACH RESORT

any idea on dis project?

http://www.seriemas.com/IMAGES/BANGIMAP.JPG

Development Concept
An integrated Beach Resort featuring a unique retreat for living, working, entertaining and leisure. With its long beach frontage (5km), Morib Beach Resort provides vibrant, exciting, cultural and living components.

Distinct Features
The first integrated beach resort with 9 distinct and unique precincts
Golf Homes & Real Estate Precinct
Sports & Beach Resort Precinct
Cultural & Entertainment Precinct
Lake Front Home Precinct
Beach Front & Retreat Precinct
Resort Island Precinct
Resort Residential Precinct
Golden Years Precinct
Edutainment and Commercial Precinct

nazrey

February 20th, 2008, 02:12 PM

Limitless to develop fully integrated world halal centre
By Lim Shie-Lynn, 20 Feb 2008 9:31 AM
THEEDGEDAILY

KUALA LUMPUR: Dubai World unit Limitless LLC, in a joint venture with Mihap Holdings Sdn Bhd and Selangor Agricultural Development Corporation (SADC), is developing a fully integrated world halal centre in Selangor to turn Malaysia into a global gateway for the industry.

The Malaysia International Halal Park (MIHAP), a 80-20 joint venture between Limitless and a Malaysian investment company comprising Mihap Holdings and SADC, will include more than 800ha of residential units, food manufacturing plants and logistics ports.

The facility, which has the distinction of being the world's first fully integrated halal centre, will also accommodate training and research centres, as well as offices, entertainment and retail facilities. Work on MIHAP will start towards end 2008, with phased completion over eight years.

In a statement yesterday, Limitless chief executive officer Saeed Ahmad Saeed said: “Limitless is truly making its mark in South East Asia. MIHAP is a major milestone for Limitless and another golden opportunity for us to demonstrate our core skills of master planning and executing distinctive, large-scale projects.”

In December 2007, Limitless announced it would undertake the masterplan for a waterfront development of luxury homes at Puteri Harbour in Malaysia's Iskandar Development Region.

rizalhakim

February 27th, 2008, 06:41 AM

SUNWAY PJ @ 51A

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rizalhakim

February 27th, 2008, 06:55 AM

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rizalhakim

March 2nd, 2008, 12:25 PM

rizalhakim

March 2nd, 2008, 12:29 PM

Metro Kajang plans two new projects for 2008

http://bp2.blogger.com/_BWQmSsODfo8/R8UdIMxXhRI/AAAAAAAABt4/6pKbo2r359s/s400/Sentosa-Villas-Linkhouse.gif
An artist's impression of the Sentosa Villas link houses

KAJANG: Metro Kajang Holdings Bhd (Metro Kajang) will launch two new projects by the end of 2008, one in Desa Melawati in Kuala Lumpur and the other in Kajang’s town centre.

Chong Yong Han, group senior general manager of the Metro Kajang Group, told theSun that the Desa Melawati project would comprise 500 units of serviced apartments with a gross development value (GDV) of RM120 million. According to him, the medium high-end project would take up 2.6 freehold acres located opposite Tunku Abdul Rahman College.

“The larger units would be approximately 1,000 sq ft while the smaller units would be 800 sq ft. There will also be studio units sized at 700 sq ft,” said Chong after the company’s AGM yesterday.

Complete with full apartment facilities, the units are priced at RM250 psf and above. Due to its location, Chong expects the buyers to comprise investors as well as the people who work at the institutions nearby, which include an Islamic university located in the vicinity.

“We will also be launching commercial shoplots in Kajang’s town centre. There will be 20 units of 3-storey and 6-storey shoplots located next to the existing wet market, close to Metro Point,” said Chong. He added that the approvals for the RM40-million project are already being processed.

To be launched in two weeks’ time is Phase 1B of Sentosa Villas in Kajang, comprising terraced homes sized between 20ft by 65ft and 20ft by 80ft with an average price of RM340,000. “The show house has just been completed and we’re doing the interior designing now,” said Chong.

The entire development, which includes Phase 1A of semidees and bungalows as well as shoplots named Serba Sentosa, is approximately 30% taken up.

Meanwhile, its 700-acre ongoing township development, the freehold Bandar Teknologi Kajang, will see the launch of a new phase comprising bungalows and semidees in nine months’ time.
“The bungalows would be 6,000 sq ft and above, while the semidees would be 3,200 sq ft and above,” Chong said. Prices have yet to be confirmed.

He added that Metro Kajang’s latest commercial development, Wang Commerz@Pelangi Semenyih, has been more than 70% sold and the hypermarket Tesco is scheduled to move in at the end of 2008. The freehold project was launched last month and has a GDV of RM33 million.

The group, which has a presence in Kuala Lumpur, Petaling Jaya, Kajang and Semenyih, currently has 400 acres of undeveloped land to occupy them for another five years. Property development, which constitutes its core business, contributes 70% to the group’s profit. For the financial year ended Sept 30, 2007, the Group recorded a 21% increase in profit after tax to RM60.82 million from RM50.40 million in the preceding year.

By theSun (by Yeong Ee-Wah)

rizalhakim

March 3rd, 2008, 03:35 AM

Lebar Daun brings affordable space to Shah Alam

http://bp3.blogger.com/_BWQmSsODfo8/R8eh4kmEGvI/AAAAAAAABvY/HFOJXMyZD_s/s400/Commerce-Galleries-DKayang.gif
An artist's impression of the Commerce Galleries at 121 D’Kayangan

The 4- and 5-storey Grade A Commerce Galleries at 121 D’Kayangan in Section 13, Shah Alam, offers space at affordable prices. The project is by Lebar Daun Development Sdn Bhd, which is also the developer of Bukit Bandaraya in Shah Alam, Taman Pahlawan in Telok Panglima Garang, and Taman Dato Demang in Puchong.

Its marketing manager, Arman Putera Asmuni, said the first phase of the development has four blocks totaling 38 strata-titled units with enbloc built-ups of between 7,800 sq ft and 14,000 sq ft. Prices range from RM209,999 for a studio unit to RM4.1 million for a corner unit.

“The average rental rate for a 1,000 sq ft office space is about RM1,000 a month. The studio units in our project can be purchased with almost the same installments,” he told theSun, adding that about 20% to 30% of the units had been sold prior to the official launch.

He said the studio units are targeted at professional firms, while the larger units are suitable for financial institutions, telco centres, and car showrooms. “Due to their huge size, a car showroom would be able to fit in access of 20 cars, while a banking hall could have more than 20 counters in the larger units” he offered.

The development is located within the D’Kayangan township, which is just five minutes away from Shah Alam’s city centre and the Federal Highway, and enjoys good visibility from Tesco, Shah Alam Stadium and Kelab Shah Alam. The two future phases are set for launch in the middle and end of this year respectively. The project has a gross development value (GDV) of RM110 million.

Arman said the 165-acre leasehold township consists of mid- to high-end residential properties including semidee villas, cluster semidees and superlink houses. It will be fully completed in the next 10 years with a GDV of RM1.6 billion.

“We will make studies and launch our products according to the market,” he said.

He added that properties in Shah Alam attract Malays and non-Malays alike with the former purchasing for owneroccupancy and the latter buying for investment. “Properties in D’Kayangan have been experiencing capital appreciation of about 10% per annum. For instance, the subsale price of a 2- storey semidee is RM575,000 from RM500,000 two years ago,” he said.

Meanwhile, the group’s 300-acre Bukit Bandaraya township in Section 8, is currently 20% to 30% complete and handed over. Its latest launch of superlink houses, priced from RM295,000, has experienced a good take-up to date.

The group aims to launch its latest commercial project in Section 14, the Shah Alam Triple Tower, by the end of this year. It will comprise three office towers, a 5-storey shopping complex with a net lettable area of 500,000 sq ft and 2,300 parking bays. “The development is going to be a new landmark in Shah Alam and with a GDV of RM600 million, it is going to be the biggest commercial development in the area,” Arman said, adding that details such as the price and size of the office units are still being finalised.

By theSun

Lebar Daun lines up projects worth RM1.6b
By Zuraimi Abdullah
Published: 2008/03/03

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The property developer also plans to double its landbank from the 600ha within five years

PROPERTY developer Lebar Daun Development Sdn Bhd expects to get RM1.6 billion in gross development value (GDV) from a slew of projects planned from now till 2013.

Over RM600 million should come from the Shah Alam Triple Tower development and the balance of RM1 billion from ongoing and new projects such as the Commerce Galleries@ONEtwoONE in Shah Alam, senior company executives said.

Lebar Daun's executive director, Noorazhar Muhd Nurdin, said there are also plans to double its landbank from the current 600ha within five years.

"We are going to sign a deal soon to buy 100ha in Perling, Johor. We are looking for more land in Pahang, Sabah and Sarawak," Noorazhar told reporters after the launch of the Commerce Galleries@ONEtwoONE on Saturday.

Some 80 per cent of Lebar Daun's 600ha landbank is in Selangor, with the remaining 20 per cent in Pahang.

The Commerce Galleries should give Lebar Daun a GDV of about RM400 million and will be developed in three phases over five years, Noorazhar said.

The first phase comprises 38 units of commercial offices and is due to take off in May this year with full completion in 2010.

Prices range from RM209,999 for a studio unit to RM4 million for a corner unit.

Eight units including four corner units have been sold and Noorazhar is confident the remaining 30 units will be sold soon.

Phase Two and Three are due for launch in July and December respectively, he said.

Noorazhar claimed that Lebar Daun was selling "five to eight per cent cheaper than its competitors" for most of its products.

Other projects that should contribute to the RM1.6 billion of GDV are the mixed developments at D'Kayangan and Bukit Ban-daraya, both in Shah Alam, and Taman Dato' Demang in Seri Kembangan.

http://www.lebardaun.com.my/future/tt2%20.GIF

The Shah Alam Triple Tower project is scheduled to be launched in the last quarter of 2008, Noorazhar said.

It will consist of two 21-storey office towers and a 26-storey office tower and boast among the highest GDV for a commercial project in Shah Alam.

"We hope to complete the project on 3.32ha within three years," he said.

On the industry outlook, Noorazhar sees 2008 as a good year amid steady demand for commercial and residential properties. He did not think the current slowdown in the US economy will have much spillover effect on the property market in Malaysia.

rizalhakim

March 4th, 2008, 10:23 AM

SunwayMas puts its shine on Petaling Jaya

Developer stamps its mark in the city's new commercial frontier

Once industrial hubs on the periphery of Petaling Jaya city in Selangor look set to take on a more snazzy commercial future. And it’s just what businesses have been waiting for

Here’s proof: In just a week after its launch, a RM200 million commercial development dubbed SunwayPJ@51a is witnessing rapid-fire take-up with 35 per cent of the office and retail units offered sold.

Developer SunwayMas Sdn Bhd (SunMas), a Sunway Group unit, said much of this has to do with the recognition by businesses that the area is ripe for commercial activities.

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The project fronting the Federal Highway provides a high level of visibility for occupants, says Khoo

A modern commercial park featuring boutique offices, retail lots and showroom space, SunwayPJ@51a is taking shape on a twoacre plot fronting the Federal Highway, near Jalan 222 and beside a Cycle & Carriage Bintang car showroom.

“There is a shift in the focus of development in the areas bordering PJ city centre,” said SunMas executive director Andy Khoo Poh Chye.

“The landscape here is now dominated by industrial factories and warehouses, but soon there will be many commercial buildings mushrooming.

“This is because the strong demand for commercial space in PJ is compelling builders to look for new growth areas.” Within the neighbourhood of Sunway PJ@51a will be Guocoland (M) Bhd’s PJCity development as well as buildings to be developed by Axis Real estate Investment Trust.

Khoo said his project represents one of the first opportunities for investors to get into PJ’s new commercial frontier and take advantage of a highly visible location along the Klang Valley’s main thoroughfare.

SunwayPJ@51a offers 88 office suites within a pair of nine-storey blocks, 11 retail lots and six showrooms within a six-storey block facing the highway.

The offices blocks will contain stratified units with average dimensions of 22ft by 75ft, priced between RM519,888 and RM1.14 million.

Khoo said there will only be two units on each floor, serviced by two lifts. The retail lots will be on the ground floor of the two blocks, along with an area designated for F&B kiosks. The lots offering at least 1,496sq ft of space are priced from RM506,888.

“The retail segment has been designed to provide a conducive environment for work and play,” said Khoo.

To bring the concept to life, the developer will provide a garden pavilion so shops and eateries can be surrounded by landscaping that give a sense of serenity.

The showrooms “will take pride of place” and face the Federal Highway for “maximum exposure”, said Khoo.

To be offered out later this year, they will make up the six-storey block accommodating 47,311sq ft.

The showrooms may be sold individually at an indicative RM600psf, though Khoo said an en-bloc purchaser is preferred.

By New Straits Times (by Chris Prasad)

rizalhakim

March 10th, 2008, 07:51 AM

TTDI aims high with Laman Seri Business Park

By S.C. CHEAH

TTDI Development Sdn Bhd hopes to make its Laman Seri Business Park (LSBP) the best commercial development in Shah Alam.

Group managing director Datuk Johan Ariffin said the business park, which was soft-launched recently, would have plenty of outstanding features that would give investors a better chance of reaping higher capital gains as well as commanding higher rentals.

The 8.245-acre leasehold development with six blocks of four and five-storey shop offices will feature modern contemporary facade, dual frontage, double-volume office space (front portion only) for 39ft wide corner units, handicapped-friendly design layout, wide pedestrian thoroughfare and two intermediate shop offices which will share a lift with common lift lobby. Premium corner lots will have their own lift.

The intermediate units will have 26ft wide frontage and there will be 900 parking bays at basement and surface level.

“There will be a 37,000-sq-ft central events piazza for alfresco dining and water features such as ponds, a creek and synchronised water fountains with fibre optic lighting,” Johan told StarBiz.

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Datuk Johan Ariffin with a model of the Laman Seri Business Park

He said that as of Feb 25, more than 30% (14 out of 46 units) had been sold. The projected rental rate would be around 8.3% per annum or about RM18,000 rental per month for a four-storey shop office (RM2.76 per sq ft).

The bumiputra price (units facing the main road) is RM2.63mil for the intermediate and RM3.88mil for the corner four-storey shop office while the bumiputra price for the intermediate and corner five-storey shop office is RM3.1mil and RM4.34mil respectively. The project has a gross development value of RM143mil.

Johan said LSBP was in a strategic location with many established housing estates nearby. These include Kelab Golf Sultan Abdul Aziz Shah, D'Kayangan, Bukit Jelutong, Glenmarie Resort and TTDI Jaya. There are also six golf courses and several colleges as well as hypermarkets in the vicinity.

The North Klang Valley Expressway to the north and Persiaran Sukan to the south flank LSBP. There is Kolej Universiti Teknologi & Pengurusan Malaysia adjacent to the project.

The event piazza, in the centre, will be beautifully landscaped with ornamental trees and shrubs complemented with synchronised fountain and ponds, creating a green and calm oasis.

Johan said an extra-wide thoroughfare would surround the piazza to act as an open-air street shop front complete with verandas where food and beverage outlets could “spill-out” into the landscaped area, creating alfresco dining experience.

There will also be drop-off points between building blocks where wide-open pedestrian walkways can be turned into activity centres.

He said the development was designed to be disabled-friendly with designated car parks, dedicated ramps and pathways for easy accessibility. There will also be a stand-alone surau with washrooms to cater to the public, especially those coming from the piazza.

There will be three waste disposal stations using modern technology called spiral waste disposal system to manage solid waste.

The top floor of the premium corner units will have double-volume office space at the front, which is further enhanced by the use of continuous full-height glazed windows and high fixed glass panels.

The facade design attempts to break away from the conventional image of the traditional shop house design. The exterior of the building is dressed in full-height glazed windows, with aluminium sun shading louvers projecting from the window. Horizontal aluminium screen panels conceal air-conditioning compressors from the outside while providing sufficient and efficient ventilation.

Meanwhile, TTDI Development has completed its Laman Seri, a high-end residential enclave across the road from LSBP.

Phases 1 and 2 comprising 89 units of semi-detached houses (70 units) and bungalows (19 units) are 90% sold. The company has also sold 18 of the 33 bungalows priced from RM2.3mil to RM2.4mil in Phase 3. The project will be handed over in December this year, almost a year ahead of schedule.

Johan said the philosophy of developing Laman Seri was to create the best gated and guarded community in Shah Alam and purchasers could see the amount of efforts that had been put into it.

“In addition to the more than RM1.5mil spent on landscaping and extra water features like fountains and fibre optic lighting, we are going to introduce cobblestones at the intersection inside the development,” he added.

emzeti

March 10th, 2008, 09:17 AM

nothing special but this projects will boom!

rizalhakim

March 17th, 2008, 10:39 AM

Revamped Magna Prima on stronger footing

By Fintan Ng

SECOND board construction player Magna Prima Bhd is on a much better footing from three years ago when it was making losses.

With a turnaround plan in place after a reshuffling of the top management and the board of directors, the company turned in a net profit of RM26.58mil for the financial year ended Dec 31, 2007 (FY07) compared to a net profit of RM119,000 the previous year. Revenue increased by 326% to RM344.44mil.

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Lim Ching Choy

Magna Prima has three current projects: the 88-acre leasehold Metro Prima in Kepong, a joint venture with landowner Kuala Lumpur City Hall that is almost completed; The Avare, a freehold 41-storey luxury condominium project located in the vicinity of KLCC; and the three-acre leasehold MagnaVille in Selayang comprising three blocks of 22-storey condominiums.

It is also the turnkey contractor for Muafakat Kekal Sdn Bhd, the developer of the Dataran Automobil project in Shah Alam, a joint venture with landowner Selangor State Development Corp. Taken together, all the projects have unbilled sales of RM250mil and ongoing gross development value (GDV) of RM1.7bil.

Magna Prima chief executive officer Lim Ching Choy said the company was now in the second phase of the turnaround.

“The first phase involved streamlining the company's resources into three business divisions and hiring new management teams for the divisions,” he said.

In the second phase, integrated-lifestyle developments, comprising commercial and residential elements, would be the way forward as the company makes plans to transfer to the main board by 2009.

As such, two more projects had been lined up for launch this year that would provide not only greater earnings visibility for the next two to three years but also recurrent income from certain commercial properties that the company would retain, Lim told StarBiz.

The projects would be launched from land that the company acquired late last year in two locations - a 4.78-acre leasehold parcel in Section U1 of Shah Alam and two parcels of freehold land totalling 10.23 acres in Jalan Kuching, Kuala Lumpur.

Now the company is embarking on its second phase. “We don't have a large landbank and we're small compared with the likes of SP Setia Bhd and other listed property developers, so we need to find our niche,” Lim said.

He said the estimated RM135mil Shah Alam project, whose proposed name is Dataran U1 Shah Alam, would be an integrated three-in-one project comprising shops, small office home office units and serviced apartments. “This project will be launched by May and will have a two-acre landscaped park on the third floor of the retail podium,” Lim said.

He said the yet-unnamed Jalan Kuching project would be launched by August. “This will be an integrated five-in-one project comprising 3-storey shops, a 3-storey retail podium, an 8-storey office tower, two blocks of serviced apartments and a 250-room hotel with an estimated GDV of RM1.1bil,” Lim said, adding that the company was looking for a joint-venture partner for the mall, which would be retained for recurrent income.

Both projects are scheduled for completion in 2011.

“We've not gotten into any serious negotiations yet although we have three potential partners in mind, one of which is local. We hope to conclude a deal in the next six months,” Lim said.

He said the mall, with an estimated net lettable area of 1million sq ft, would be modelled along the lines of malls that had been coming up throughout the South-East Asian region in the past two to three years.

Lim said there may be another integrated project on the cards should negotiations for a project located in Kuala Lumpur's Golden Triangle be successful.

“Hopefully in the next one or two months we'll be able to conclude the negotiations, which will be a joint venture with a landowner,” he said, adding that the project would include a Grade A office tower among its components.

Lim said the company would continue to pursue the strategy of sourcing for projects in matured areas of the Klang Valley. “We'll continue to look for areas in which we can develop high-density projects, this is the model we'll continue to work on, and going forward we'll most likely enter into joint ventures with institutional and private landowners in order not to burden our finances,” he said.

Lim said efforts were being made to balance out the revenue stream from the various divisions in the company. “Property development currently contributes 75% of revenue, but going forward we'll like to see a more balanced revenue contribution and hope that construction will contribute at least half,” he said.

At present, most of the construction jobs were from the property development arm but in the future, as the company's brand-building exercise and quality became better known, more projects would come its way from outside. “We'll continue to concentrate on civil works for our construction arm,” he said.

rizalhakim

March 25th, 2008, 10:57 AM

More office space for PJ’s Section 13

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The site for the future PJCC

PETALING JAYA: The Brunsfield Group of Companies is targeting multinational companies who are on the lookout for a Petaling Jaya business address to take up space at its upcoming corporate office-cum-showroom building that will be coming up along Section 13’s Jalan Kemajuan.

Its executive director of property development Chan Chee Keong told theSun its central location would ensure the success of its project, known as Petaling Jaya Commercial Complex (PJCC).

“The commercial site is also near popular eateries like Restaurant Unique Seafood. Nearby existing and upcoming commercial developments point to the potential of this area as well,” said Chan.

Having obtained its building plans and development order approvals recently, construction of the eight-storey project with a gross floor area of 378,172 sq ft and a net letable area of 289,997 sq ft on a freehold 3.48-acre site will start in June. Completion is in 36 months and the developer plans to lease the building enbloc.

“We have started the pre-leasing exercise and have received a few enquiries.

Such a building will be ideal for businesses that also need warehousing or storage facilities to accompany the office. Behind the main block of PJCC, there is space for such facilities,” he added. The Sime Darby Group and Brunsfield jointly own the site. PJCC will house showroom facilities
on the ground and first levels while the remaining upper floors will be for office use. According to Chan, rental rates are between RM4 and RM4.50 psf.

Meanwhile, a consultant familiar with the area believes that the project will do well because of its location. Kim Realty principal Vincent Ng also told theSun that the whole Section 13 area has been zoned for commercial use.

“Nowadays Jalan Kemajuan is very much considered a main thoroughfare and with its close proximity to the Federal and Sprint highways, it will be suitable for businesses that are looking for an office away from the city centre, which is getting too crowded,” said Ng.

Ng also noted that bungalows along Jalan Kemajuan have been transformed into business premises over the past few years. “Businesses here front the main road and enjoy good exposure. Demand for land here is also on the rise and I believe people are willing to pay more than RM200 psf, depending on the size and location of the site,” he added.

As land prices become more expensive in the city centre, Ng also feels that businesses are moving away from the city centre to suburban areas. Citing Damansara Heights as an example, he said rental rates for office space there is in the region of RM5.50 psf.

“Rental rates in the Section 13 area are easily going between RM3.50 and RM4 psf, such as those in Jaya 33, which is fully occupied, and 3 2 Square’s tower block,” said Ng, adding that PJCC could command a rental rate of about RM4 psf if it were to be a nicely done up modern building.

With the appreciating land cost at Section 13, Ng also felt that it would be a waste to offer industrial properties.

By theSun (by Loo Pik Kwan)

rizalhakim

March 26th, 2008, 08:00 AM

Park 19 - Boutique Development @ Section 19, PJ by Luxor Properties bhd

http://www.luxor.com.my/propertiesweb/Images/PipeProject/site.jpg

Conceived as an urban village, this mixed-use development promised to be a tropical oasis in the heartland of PJ offering a diversity of living choices – water front and court yard villas, park-edged apartments and penthouses are some of the choices to be offered. Nestled amongst the residential blocks, will be a lush landscaped plaza creatively integrating passive and active recreation in a water-oriented setting. Complementing the residential precinct, will be the commercial hub of the ‘village’ with a mixture of office suites, shops and eating outlets offering a café and alfresco dinning lifestyle.

Here is a new urbanism that caters for the needs and living requirements of a broad cross section of people with a variety of commercial premises accommodating people’s different needs. It is truly a place where one can live, work and play without the need to drive out!

any idea what happen 2 dis project?

patchay

March 26th, 2008, 11:48 AM

any idea what happen 2 dis project?

This project has been taken over by SDB Properties and is now progressing as Ameera Residences.

patchay

March 28th, 2008, 03:22 PM

There has been an approved proposal to revelop Atria Shopping Centre in Damansara Jaya to a 33storey Office tower.

THT-United

March 30th, 2008, 07:24 AM

What's the news on the current Jaya Shopping Center in Sec. 14 now? The place has closed but demolition works have yet to start though...

Sheik

March 30th, 2008, 10:27 PM

What's the news on the current Jaya Shopping Center in Sec. 14 now? The place has closed but demolition works have yet to start though...

I guess they are demolishing the interior first until it's only a shell outside.

rizalhakim

March 31st, 2008, 06:05 AM

Klang-Shah Alam corridor a future hub
By ANGIE NG

THE Klang-Shah Alam corridor has the potential to grow into a robust regional hub for well-sought-after residential and commercial addresses, judging by new property developments underway or planned by developers.

For the past two decades, property projects remained pretty much unchanged but the landscape is fast changing with the launch of planned community projects such as Bandar Bukit Tinggi, Setia Alam, Setia Eco Park, Aman Perdana and Bandar Botanic.

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Aerial view of Bandar Bukit Tinggi, Klang

Klang has outgrown its image as an old port town and a new village in the past decade with improved infrastructure connectivity that opens up the western corridor of the Klang Valley.

Its proximity to Port Klang, one of the world’s busiest seaports, and Selangor's administrative city, Shah Alam, has been a boon to Klang.

Today, Klang is the second largest city in the country after Kuala Lumpur with a population close to 900,000 people. It is also 10 times the size of Petaling Jaya.

Shah Alam has also seen a spurt of new township developments. Its population of 600,000 is among the highest in Selangor.

The Klang-Shah Alam corridor is today one of the more exciting corridors in Malaysia and the entrance of big developers have significantly changed the property landscape.

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»Prime land suitable for development has grown increasingly scarce« DATUK SRI LEONG HOY KUM

According to WCT Land Bhd executive director Lai Yeng Fock, there was a pent-up demand for housing in the corridor, as the number of projects coming on stream had not caught up with the rising demand.

Klang, which has a population of one million, needs over 10,000 new housing units a year but now, only 5,000 to 6,000 units are being built.

Meanwhile, housing needs for Shah Alam's 600,000 people are also on the rise, especially with the improving trunk roads and expressways.

SP Setia Bhd group managing director Tan Sri Liew Kee Sin said it was a natural progression for development activities to head towards the Klang-Shah Alam corridor owing to the scarcity of land in matured suburbs.

“The advent of sophisticated highway linkages was one of the most important catalysts in opening this new frontier of development in Klang and Shah Alam.

“The completion of the SP Setia-funded NKVE-Setia Alam Link has transformed the profile of Klang and Shah Alam by shortening the travelling distance to other key urban locations,” he noted.

SP Setia is credited as one of the first developers to introduce master-planned community living in northern Klang through its Setia Alam project in 2004.

The project, with its green street concept of concealed utilities and extensive landscaping, promised a new lifestyle for home seekers.

The “green” Setia Eco Park, which showcases semi-detached homes and bungalows in an ecologically balanced environment, has added a new lifestyle living dimension into the corridor.

Mah Sing Group Bhd president Datuk Sri Leong Hoy Kum concurred that soaring property prices in Kuala Lumpur and Petaling Jaya in recent years had resulted in sub-urbanisation of Shah Alam and Klang, with developers shifting their attention to this corridor.

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Tan Sri Liew Kee Sin

“Prime land suitable for development has grown increasingly scarce, as the excellent trunk roads and expressways has made this corridor even more accessible,” he added.

He said the advent of big developers with their sizeable and well-planned townships had transformed the Klang-Shah Alam corridor, which used to be a relatively quiet property market until about 10 years ago.

The profile of buyers showed that the company's project Aman Perdana had benefited from increasing interest from non-Klang folks to buy properties in the corridor.

“We have been a beneficiary of this trend, as can be seen by our house buyers’ profile for Aman Perdana.

“Besides 64% buyers from Klang, we have 22% from Shah Alam, Subang Jaya, Petaling Jaya, Puchong and Sungai Buloh. The balance 14% is from other Klang Valley areas and outside Klang Valley.

“For our Kemuning Residence project, 52% is from Subang Jaya, Shah Alam and Klang; 16% from Petaling Jaya; 21% from Kuala Lumpur and 11% from outside the Klang Valley,” Leong said.

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rizalhakim

March 31st, 2008, 06:08 AM

Well-planned projects change landscape

THE advent of big developers with their sizeable and well-planned townships has transformed the Klang-Shah Alam corridor from a sleepy hollow into a robust address.

The developers have brought new concepts, including lifestyle resort living and modern, contemporary designs, in well-planned developments.

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Lai Yeng Fock

Besides offering new standards in home design, quality and concept, they also helped to improve the existing infrastructure and amenities.

New trunk roads and highways have sprouted, making this corridor more accessible to homeowners from suburbs like Petaling Jaya and Subang Jaya.

More exciting and innovative property products, both residential and commercial, have been lined up for the Klang-Shah Alam corridor.

At SP Setia Bhd's Setia Alam, the first commercial hub, Eramas is shaping up well with prominent tenants such as banks, eateries, clinics and convenience stores.

The new modern commercial centre Setia Avenue will have a Tesco hypermarket as the anchor tenant while the Setia Alam Clubhouse will break ground soon.

“Our priority is to enhance the commercial vibrancy of Setia Alam by providing more entertainment and recreational facilities,” SP Setia group managing director and chief executive officer Tan Sri Liew Kee Sin said.

“The Klang community is very family-oriented and likes to stay close together, so it is seldom they will uproot to other locations.

“With its vibrant community-centric focus, Setia Alam has become an ideal township for house buyers in search of a living environment that balances the four aspects of human life – live, learn, work and play – the guiding philosophy of all SP Setia’s projects,” Liew said.

Mah Sing Group Bhd president Datuk Sri Leong Hoy Kum said developers were coming up with more appealing residential enclaves and using innovative product differentiation.

The company's 315-acre Aman Perdana in the Meru-Shah Alam growth corridor comprises some 3,000 units of mainly semi-detached homes and bungalows, supported with some shop offices.

Since its launch in 2005, a total of 1,800 units have been sold and this year, products worth RM92mil comprising mainly bungalows and shop offices have been lined up for launch.

“Our good take up is by listening to our customers – for example, they wanted more land for their homes, and we recently launched Type E bungalows with bigger land of 50ft x 80ft, and saw a 70% take up rate during the weekend launch,” Leong said.

Meanwhile, Kemuning Residence, on 21 acres in Shah Alam, is a RM127mil gated and guarded development of exclusive bungalows.

So far, 57 units of the 141-unit enclave have been launched and this year, RM80mil worth of garden bungalows will be launched.

Besides a tropical grand entrance and plenty of green spaces, there will be a playground and clubhouse complete with swimming pool and gymnasium exclusively for the residents.

WCT Land Bhd executive director Lai Yeng Fock said Klang folk were rather simple when making decision on buying their dream homes.

“The people here believe in simple practicality. Projects that offer practical designs, wide space and good access have been getting good response,” he said.

WCT Land's Bandar Bukit Tinggi has received a thumping endorsement from Klang folk, going by the strong occupancy rate of 90% for its houses and shops.

“We understand the mentality of the Klang folk and provide them with 50-ft wide roads, multiple accesses, free security and 11-ft ceiling height.

“Our buyers also appreciate our efforts to promote strong neighbourhood bonding through community events such as moon cake festival and other family activities,” Lai said.

Since its debut in 1998 as the second township development in Klang after Bandar Baru Klang, Bandar Bukit Tinggi has become one of the fastest growing in the Klang corridor with its affordable and semi-detached homes, commercial properties and vacant commercial land, as well as the presence of two hypermarkets, Tesco and Giant. – By ANGIE NG

rizalhakim

March 31st, 2008, 06:10 AM

Major highways help draw buyers to second-tier cities

GREATER accessibility through major highways has contributed to the rapid growth of Klang-Shah Alam corridor in the past decade.

Reapfield Properties Sdn Bhd president David Ong said four major highways – North Klang Valley Expressway (NKVE), North-South Expressway Central Link, Shapadu Highway and Federal Highway connects the second-tiered cities to city centre.

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The well planned community development of Setia Eco Park in Shah Alam

With the opening of these highways in Klang-Shah Alam corridor, new townships development was further extended with the infrastructure in the surrounding areas.

Ong said NKVE is a 35km expressway that runs between Jalan Duta in Kuala Lumpur (KL) and Bukit Raja, which is a new industrial and urban area in Klang.

“NKVE is a heavily utilised route for residents in Damasara, KL, Klang Petaling Jaya, Subang and Sungai Buloh,” he said.

Meanwhile, the North-South Expressway Central Link, better known as Expressway Lingkaran Tengah (ELITE), is a critical link that connects the north and south with an uninterrupted journey bypassing the congestion in KL, said Ong.

ELITE starts at a new interchange on the existing NKVE near Shah Alam, transverse towards the south through Batu Tiga on Federal Highway Route 2, towards the KL International Airport (KLIA) in Sepang.

It continued towards the east to connect with the existing North-South Expressway that is about 6km at the north of existing Nilai interchange.

Ong said the 63km expressway, which connects NKVE in Shah Alam to ELITE at the Nilai North interchange, was a popular route for travellers heading to KLIA and the Sepang F1 circuit.

Additionally, Shapadu Highway, or North Klang Straits Bypass Highway, is a new 17.5km dual carriageway that linked North Port to Bukit Raja and connects to NKVE, ELITE and Federal Highways Route 2.

Ong said the accessibility to North Port and West Port in Klang would enhance the growth in the area due to the huge upside potential for the two main ports.

“With the Government encouraging foreign direct investment, these ports are expected to increase activities and stir the economy,” he said.

There is also the Federal Highway Route 2, which is a 16km upgraded expressway that connects Batu Tiga in Shah Alam and Sungai Rasa in Klang, he said, adding that it has two toll plazas and connects to Federal Highway.

PPC International Sdn Bhd executive director Thiruselvam Arumugam said travellers would not mind paying the tolls for these highways along Klang-Shah Alam corridors.

Meanwhile, there are three proposed highways around Klang – the South Klang Valley Expressway, West Coast Expressway and Kemuning-Shah Alam Highway, said Ong.

However, the West Coast Expressway, which stretches from Taiping, Perak, to Banting, Selangor, and runs parallel to ELITE, is believed to have been delayed due to the high price tag of some RM3.1bil for construction, he said. – By SHANNEN WONG

rizalhakim

March 31st, 2008, 06:14 AM

Attractive land price, availability the pulling factors
By SHANNEN WONG

THE cheaper land price and availability of land in the Klang-Shah Alam corridor will continue to attract developers and house buyers to the property market there.

Henry Butcher (M) Sdn Bhd property consultants said transaction prices for residential title land for bungalows in Klang was relatively lower than Shah Alam and other first-tier cities in Malaysia.

http://biz.thestar.com.my/archives/2008/3/31/business/b_map.jpg

Bungalow vacant lands were transacted between RM50 and RM60 per sq ft in Teluk Pulai, Klang, and RM65 to RM80 per sq ft in Bukit Jelutong, Shah Alam.

Newer townships such as Bandar Botanic was transacted from RM70 to RM80 per sq ft and Kota Kemuning had the highest transaction price from RM80 to RM100 per sq ft.

Meanwhile, transaction prices in Setia Alam in Shah Alam was from RM80 to RM90 per sq ft.

The Glenmarie-Saujana-Subang corridor and newer areas in Petaling Jaya such as Mutiara Damansara was transacted from RM220 onwards per sq ft.

Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon said: “It is a natural progression for people to move away from Kuala Lumpur to Petaling Jaya, Subang Jaya, Shah Alam and finally, to Klang as land become more expensive and scarce.”

With population growth at 4.8% per annum in the Klang Valley, developers are hard-pressed to move to second-tiered cities.

PPC International Sdn Bhd executive director Thiruselvam Arumugam concurred that land price was relatively cheaper and the built up of the properties was bigger in Klang.

“We believe Klang will continue to develop rapidly over the next three to four years, especially in the north,” he said.

Residential projects in Klang due for completion this year include D'Anjung in Teluk Pulai, Bayuemas, Taman Selat Damai in Pandamaran, Bandar Botanic and Glenmarie Cove.

Many new townships in Klang that which were launched in several phases consist of 70% residential units in view of higher demand for houses, he said, adding that property owners in Klang are cash-rich and price cautious.

According to PPC International Sdn Bhd executive director Kamarud-zaman Saad, property owners prefer Klang to Shah Alam, thanks to the freehold status.

He said WCT Land Bhd's Bukit Tinggi township, which is freehold, had led to the opening of Jaya Jusco and hypermarkets like Tesco and Giant. This has transformed Klang into a lively town with better facilities.

The landscape in Klang had gradually changed with the development of Bandar Botanic in the south by Gamuda Bhd that had also led other developers to promote similar lifestyle concept living, he noted.

Kamarudzaman said capital appreciation in Klang averaged from 10% to 15%, with good locations reaching up to 20%.

Meanwhile, Setia Alam township by SP Setia Bhd, which occupied 4,000ha in Shah Alam, is expected to trigger more new developments in north Klang, he said.

“The Setia Alam township will have a positive impact in Klang and Shah Alam,” he said, adding that the mixed development project was expected to complete in 10 to 15 years.

Reapfield Properties Sdn Bhd president David Ong said Setia Alam was the new growth area in Klang-Shah Alam corridor.

The new residential projects in Shah Alam are Kemuning Utama, Bukit Jelutong, Alam Impian, Alam Suria, Setia Eco Park and Subang Permata.

On the property market outlook, Kamarudzaman said the current volatile stock market would lead buyers to become more cautious in buying properties.

“We expect another year of slowdown in local property market in tandem with worldwide property market,” he said.

rizalhakim

April 2nd, 2008, 10:33 AM

Affin, Mutiara Goodyear in Penang housing pact

http://bp2.blogger.com/_BWQmSsODfo8/R_Mx8yr6JyI/AAAAAAAACFs/kpVvOAc3C9w/s400/joint.jpg
Affin Islamic Bank CEO Kamarul Ariffin Mohd Jamil (left) exchanging documents with Hamidon Abdullah. Looking on is Affin Islamic Bank chairman Jen (R) Tan Sri Datuk Seri Ismail Omar

KUALA LUMPUR: Affin Islamic Bank Bhd and Mutiara Goodyear Development Bhd have entered into a musharakah (joint venture) financing arrangement for a high-end residential development in Penang with a gross development value of RM180mil.

Under the joint venture, Mutiara Goodyear would be responsible for the construction and sales of the development while Affin Islamic Bank would provide the required financing facilities.

Affin Islamic Bank chief executive officer Kamarul Ariffin Mohd Jamil said the musharakah was established via a registered special purpose vehicle called Affin-i Goodyear Sdn Bhd in which Affin Islamic Bank and Jurus Positif Sdn Bhd, a wholly owned subsidiary of Mutiara Goodyear, are joint partners.

“The financing arrangement is the first in the country to feature a combination of hybrid Islamic financing products in a partnership where profit and losses are shared equally. This is truly advantageous in times of economic uncertainty,” he said at the signing ceremony yesterday.

Mutiara Goodyear executive chairman Hamidon Abdullah said the company was in the midst of obtaining Penang state government approval for the development on an 8.8 acres in Bukit Gambir.

He did not anticipate any problems in getting the green light, adding that the project should take three years to complete.

“We are targeting the affluent market and are confident that this development would enjoy a high take-up rate, buoyed by the dynamic Penang property market and the influx of foreigners residing under the Malaysia MySecond Home Programme,” he said.

The property developer, which has an undeveloped land bank of about 800 acres in Penang and the Klang Valley, has lined up a few launches.

“We are planning commercial developments, comprising a shopping podium and office blocks at PJS 11 in Sunway; office suites at Prima Avenue, Kelana Jaya; and high-end bungalows at Nadayu Melawati, Ampang,” Hamidon said but did not elaborate.

Affin Islamic Bank, which celebrated its second anniversary yesterday, has targeted a 10% growth in pre-tax profit this year from RM58mil last year.

The bank, which hopes to increase its disbursement of loans by 15% this year from the total of RM1.7bil in 2007, also plans to expand to Indonesia in the near future.

“Islamic banking penetration is very low as it comprises only about 1% of total banking assets in Indonesia,” he said, adding that the bank also hoped to springboard to China as well as the Hong Kong market via its 25% stakeholder, Hong Kong-based Bank of East Asia Ltd.

By The Star (by Laalitha Hunt)

rizalhakim

April 7th, 2008, 07:02 AM

Abandoned projects mar developed status
By ELAN PERUMAL

THERE are more than 150 abandoned projects in Selangor and this does not go well with the image of the state that has attained developed status.

State Housing, Government Property and Squatters committee chairman Iskandar Abdul Samad said the projects comprised both small and big ones, including hotel, commercial and housing developments.

He said some of the projects had been abandoned at the very early stages while many had been left uncompleted half way.

http://thestar.com.my/archives/2008/4/7/central/p2Summit.jpg
Hazard: This abandoned project filled with stagnant water could become a breeding ground for mosquitoes.

“There are also projects that have been abandoned when they almost reached completion,” Iskandar said.

He said many of the abandoned projects were housing schemes and this would deprive the people of owning homes.

He said priority would be given to reviving abandoned housing schemes.

“Thousands of people are affected by abandoned schemes as they come up with money to pay deposits for their houses and pay monthly instalments to the banks.”

For a start, Iskandar said the state would be holding meetings with the affected people and the developers so that solutions could be reached.

Besides financial problems faced by the developers, he said they had to look into other reasons why projects had been abandoned.

“This could be due to technical problems or even switching developers.

“Whatever the reasons are, we do not want the people to suffer and the state government will be doing everything possible to improve the situation,” he said.

On commercial projects, Iskandar said there would be also meeting with the relevant agencies and developers.

He said the situation also served as a lesson for the local authorities so that they would be more careful when approving development projects.

Besides the viability of the projects, he said the local authorities must also look at the credibility of the developers.

Iskandar also said there were not many squatter settlements left in the state.

However, he said the state viewed the matter seriously and assured the families that their interests would be protected.

“We have to handle the situation carefully since these people have been occupying the affected land for many years.

http://thestar.com.my/archives/2008/4/7/central/p2Serdang.jpg
Almost complete: Some of the projects are left to rot even though they are near completion.

“It is the responsibility of the state government to ensure that the squatters’ housing needs are taken care of before they are moved out of the existing homes,” Iskandar added.

rizalhakim

April 7th, 2008, 08:21 AM

any idea on dis project? well they startd seling in singapore this week...
Advertised as service apartments from S$129,800 with a 14% immediate return! dats mean around RM300K, expensive huh!!!!

http://www.jejakgroup.com/fron2.jpg

patchay

April 7th, 2008, 09:24 AM

i think this project must have been under construction /completed ...a crane near Pos Kelana Jaya !

rizalhakim

April 15th, 2008, 04:24 AM

Fewer IJM property launches seen
By Francis Fernandez
Published: 2008/04/15

CreditSuisse expects IJM to halve the value of fresh property launches per annum

IJM Corp Bhd, the country's second biggest builder, may cut down on planned property launches due to weak demand, CreditSuisse said in a report.

The report comes barely a month after IJM managing director Datuk Krishnan Tan Boon Seng said some projects in Selangor and Penang might be delayed as new state governments take charge.

Already the Selangor state government is considering scrapping some property joint ventures where companies linked to IJM, such as Talam Corp Bhd and Kumpulan Europlus (Keuro) Bhd, have been active participants.

IJM owns a quarter of Keuro, which in turn is the single largest stakeholder, owning some 42 per cent of Talam, once the country's biggest builder of low-cost houses.

Selangor Chief Minister Tan Sri Abdul Khalid Ibrahim said last week that some of the ventures don't have terms favourable to the state.

Business Times understands that Talam has several outstanding issues with Kumpulan Darul Ehsan Bhd's listed units, and is in talks to offset some claims on land in Kuala Langat and nearby areas.

Meanwhile, CreditSuisse expects IJM to halve the value of fresh property launches per annum.

"We are comfortable with our domestic sales assumptions of between RM500 million and RM700 million worth of property launches per annum," analyst Danny Goh wrote in a report based on a meeting with IJM's management.

However, IJM will still boost its order book to RM8 billion as it is in advance negotiations for some RM1.4 billion worth of projects abroad.

Locally, it is eyeing the RM500 million National Centre Institute project and some RM500 million worth of sub-contract work to help build a double tracking line.

IJM, which has seen a steep decline in foreign ownership to 47 per cent from a peak of 64 per cent, may also sell some of its mature property assets to keep its earnings momentum.

For the year ended March 31 2007, IJM posted a net profit of RM194.3 million versus RM160.4 million in the same period a year ago.

bad news for Talam

rizalhakim

April 16th, 2008, 09:26 AM

Developer stops work on hoardings
Minderjeet Kaur

http://www.nst.com.my/Streets/Wednesday/Stories/2214267/insidepix1

Development work on the Bukit Gasing hill slope has upset residents in the area.

KUALA LUMPUR: Gasing Meridian Sdn Bhd, the developer of Sanctuary Ridge at the Bukit Gasing hill slopes on the city side, has suspended its hoarding work at the site.

Its spokesman, Richard See, said the decision, which was relayed to City Hall, was a gesture of goodwill to the community.

"It was also in view of City Hall's concern over the pending court case. So we have asked our contractor to temporarily suspend the hoarding work until April 23."

He said on April 7, the company was informed by City Hall about the ex-parte interim injunction against the latter, issued by the High Court on April 2, that no development activities should take place on the hill slopes.

"However, the company was not named as respondent in the order, which also does not prohibit hoarding work."

See said the company had sent letters to residents to inform them about the start of hoarding work on March 24 at the site, where 142 bungalows will be built.

The company, in a separate statement, also clarified that the site, on a 15.2ha piece of land, had been privately-owned since 1899. It had never been part of the area's green lung.

It said the property had been converted and subdivided for residential use since 1977, with individual bungalow titles issued some 30 years ago.

"This is stated in the Kuala Lumpur Structure Plan 2020," said the statement, adding that the company had intensively studied the site.

"The site was independently reviewed by various government agencies, including Ikram and the Department of Environment. The findings were presented to Bukit Gasing Joint Action Committee in a meeting on May 10 last year."

Last Sunday, more than 100 residents held a peaceful protest at Gasing Indah, following City Hall's failure to stop development work at the site.

The residents had claimed that the developer had not complied with the injunction.

The housing project, just next to Taman Gasing Indah, is at the Kuala Lumpur-Petaling Jaya border. Development on the Petaling Jaya side stopped a few years ago.

rizalhakim

April 16th, 2008, 10:39 AM

Tempo Properties to launch RM500m project in Seri Kembangan
by Tim Leonard
Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Little-known property developer Tempo Properties Sdn Bhd is set to launch a RM500 million mixed development project in Seri Kembangan, Selangor, within the next few months.

The project, which is expected to be the largest in Seri Kembangan, is expected to span over the next five years, said Tempo Properties CEO Khoo Boo Hian at a media briefing to unveil the company’s new logo and tagline.

Khoo said the new project would comprise a unique blend of commercial and residential properties but declined to disclose further details on its features.

“We want to be seen as a young, dynamic and creative property developer in the Klang Valley and our new launch will be a testament to that,” said Khoo, who launched the company’s new tagline called “Ideas at Work.”

Established in 1995, Tempo Properties, started out in Seremban with the launch of Taman Cengal Utama comprising approximately 1,000 units of low- and medium-cost residential homes. The project with a gross development value (GDV) of RM70 million has been completed and handed over to buyers.

In 2004, the developer moved on to develop Prima Tropika in Seri Kembangan. The project comprises 600 units of two- and three- storey terrace houses with a GDV of RM165 million and is more than 95% sold. The following year it launched Medan Suria, a commercial development comprising 38 units of three-storey shop offices, in the heart of Seremban town.

The project has a GDV of RM38 million and is divided into two phases. The first was completed in December last year while the second phase will be launched by middle of this year.

Khoo said the company was in the process of increasing its landbank which currently stood at 30 hectares (75 acres) and concentrated mainly in the Klang Valley.

Ethaniel83

April 16th, 2008, 05:59 PM

http://www.luxor.com.my/propertiesweb/Images/PipeProject/site.jpg

any idea what happen 2 dis project?[/QUOTE]

There is a new development project just started next to Ameera construction site which I believe the rendering has been posted b4 or else the Luxor's project might be the 1

rizalhakim

April 18th, 2008, 04:39 AM

Tune-ing in to properties
By Presenna Nambiar
Published: 2008/04/18

http://bp1.blogger.com/_BWQmSsODfo8/SAjBzI5fuDI/AAAAAAAACR8/2TzwMUASBMI/s400/Harbour-Place.gif

The Harbour Place in Klang will be Tune Group's first project, comprising a shopping mall and an office suite tower with a gross development value of RM420 million

TUNE Group, famous for popularising the budget business model, is going into properties.

Its first project is a shopping complex and office building in Klang, a town known for its ports that are the nation's trading gateway.

Tune Group will hold all its property business under Tune Properties, following a restructuring exercise that will be completed within a year.

"The Harbour Place in Klang will be our first project under Tune Properties. From there, we will expand into other types of properties," Datuk Kamarudin Meranun told Business Times in a phone interview recently.

Kamarudin and Datuk Tony Fernandes are the founders of Tune Group, which now owns Asia's biggest budget airline, low-cost hotel operator Tune Hotels, and financial services provider Tune Money, to name a few.

Kamarudin hinted that Tune Properties might have a more diverse portfolio.

The group will hire Tan Eng Wah, the former director of Tan & Tan Development Bhd, to run Tune Properties.

Tan has more than 25 years of experience in the property business, encompassing hotels, shopping complexes and even hospitals.

Strategically located along the main Klang highway connecting Klang town and Port Klang, Harbour Place will be positioned as a suburban shopping complex to serve the mushrooming Klang neighbourhoods.

It is targeted to open by the third or fourth quarter of this year.

Kamarudin currently holds 63 per cent of Chestar Properties Sdn Bhd, the owner, developer and operator of the project.

The entire project, which comprises a shopping mall and an office suite tower, has a gross development value of RM420 million.

Kamarudin said the whole idea would be in line with the philosophy of Tune Group, which is to offer affordable products and services to an underserved market.

He said Harbour Place is a classic example of such a venture.

"You find that there are hardly any quality shopping malls in Klang, while Kuala Lumpur is almost bursting with such complexes," Kamarudin said.

Other private initiatives under the Tune brand are Tune Talk, Tune Entertainment, Tune Games and Tune Media.

myf282828

April 20th, 2008, 07:19 AM

rizalhakim

April 21st, 2008, 07:23 AM

rizalhakim

April 24th, 2008, 04:13 AM

Petaling Tin plans RM1b luxury villas
By Sharen Kaur
Published: 2008/04/24

PROPERTY developer Petaling Tin Bhd plans to spend some RM1 billion to build luxury villas and a boutique hotel on Karambunai Peninsular, 30km east of Kota Kinabalu in Sabah.

The company, controlled by Tan Sri Dr Chen Lip Keong who also helms Karambunai Corp Bhd (KCB), owns 524ha in Karambunai, its single biggest asset which it acquired for around RM190 million in 1998 and is now ripe for development.

Chief executive officer Leong Choong Wah said Petaling Tin will launch the first phase of the development this year.

"The villas, with large built-ups, will be an international product and we are targeting foreign buyers. KCB is building Nexus Residences Karambunai within close proximity and it will certainly boost sales and prices of new products here," Leong said at its annual general meeting in Kuala Lumpur yesterday.

Leong expects Petaling Tin's performance this year to remain flat as launches earmarked for early this year will only take place in the second half of 2008.

However, its performance is expected to improve next year.

For fiscal year ended October 31 2007, it posted a net profit of RM16.6 million on revenue of RM21.2 million.

Petaling Tin is set to launch RM100 million worth of properties in Taman Desa Bukit Indah in Sungai Buloh, Selangor and the gated Taman Kelab Ukay in Bukit Antarabangsa, Ampang, where it holds 81ha and 11ha respectively.

The company, which has net tangible assets worth RM378 million, hopes to launch 126 units of terrace houses in Sungai Buloh worth RM26 million by the third quarter of this year.

In Taman Kelab Ukay, it plans to launch 15 units of three-storey superlink homes worth RM11.3 million by June this year.

"We will be launching RM66 million worth of new properties in Taman Kelab Ukay by year-end after getting the state government's approval," said Leong.

He added that the strategy is to unlock value for a profit margin to build a new corporate office on a 0.83ha site in Section 19, Petaling Jaya, which now houses a four-storey office block with an annexed single-storey warehouse.

Petaling Tin plans to redevelop this into a high-rise Grade-A commercial office tower with minimal retail lots for more than RM100 million, and lease half the units for investment purposes.

However, this plan is pending the local authorities' decision to re-zone Section 19 and new guidelines by the Selangor state government.

rizalhakim

April 24th, 2008, 09:56 AM

Petaling Tin to launch RM37m residential properties
by Yantoultra Ngui Yichen
Email us your feedback at fd@bizedge.com

PETALING JAYA: Property developer Petaling Tin Bhd will be launching the subsequent phases of its housing development projects worth RM37 million in Ulu Kelang and Sungai Buloh by the second half of this year to drive future growth.

The new phases, part of its RM120 million worth of 91-ha projects in both areas, include 15 superlink houses in Taman Kelab Ukay and 126 units of double-storey developments in Sungai Buloh, said chief executive Leong Choong Wah.

“For this year, we are cautiously optimistic but we are more confident of achieving better results next year with our projects rolling out,” he told reporters after the firm’s AGM here yesterday.

Petaling Tin, with no debt and sitting on a net cash of RM17.6 million as at Oct 31, 2007, had already sold 83 units of double-storey developments worth RM20 million in Sungai Buloh in the previous phase, he added.

Leong said the firm hoped to gain more cash by unlocking the value of its projects in Ulu Kelang and Sungai Buloh within a year to prepare itself for the development of a landmark office tower project in Petaling Jaya.

The firm was planning to build a class A office tower in that area, which was still pending the approval from the Selangor state government, he said.

The 0.82-ha site, acquired from its sister company Karambunai Corp Bhd for RM12 million last December, currently has a four-storey building and factory erected on it and is tenanted by Petaling Tin and a third party.

“We hope to build a new six-storey building, or even higher. We plan to lease out more than 40% of the new building and expect more than 8% in rental yield,” he said.

Petaling Tin, 34.26% owned by Karambunai Corp’s chief executive Tan Sri Chen Lip Keong, also owns some 551.2ha of resort land in Karambunai, Sabah, which is situated behind the beachfront land owned by Karambunai Corp.

“We are not in a rush, we will wait for the right time to unlock the value of the huge landbank there,” Leong said, adding that Petaling Tin was considering to develop the land into hillside villa projects and was open to sell some parcels of the land.

For the fiscal year ended Oct 31, 2007 (FY07), the firm returned to the black with a net income of RM16.52 million, or 4.80 sen a share on revenue of RM21.18 million versus a net loss of RM6.60 million on revenue of RM20.12 million in FY06.

rizalhakim

April 24th, 2008, 10:02 AM

BDR unit gets RM100m loan for Subang land

Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Bandar Raya Developments Bhd unit Impiana Impresif Sdn Bhd has secured a RM100 million term loan facility from Alliance Bank Bhd to part finance its proposed land acquisition in Subang.

In a statement yesterday, BDRB said the facility was secured by a first legal charge over the Subang land and supported by the company’s corporate guarantee for RM100 million.

Impiana Impresif had entered into a conditional sale and purchase agreement with Kee Hup Properties Sdn Bhd last Jan 11 to acquire the land for RM125.86 million cash.

BDRB had then said it planned to undertake a mixed development comprising retail, street retail, designer suites, office suites and residential apartments in several phases over seven to eight years.

The company said based on a preliminary feasibility study, the proposed development was expected to generate gross development value of about RM1.5 billion and gross development profit of about RM500 million.

rizalhakim

April 25th, 2008, 05:56 AM

rizalhakim

April 28th, 2008, 05:12 AM

TTDI folks appalled by development plan

TAMAN Tun Dr. Ismail (TTDI) residents who live along Jalan Burhanuddin Helmi are appalled by a new development plan for the area.

The project, a 20-storey twin tower office and apartment with three levels of basement carparks was said to have been approved by Kuala Lumpur City Hall (DBKL) and clearing works had already begun.

The site is located on the land currently occupied by Makbul Nasi Kandar restaurant. Rasta food court, which had also been on the land, has been shifted to another location in the vicinity.

http://thestar.com.my/archives/2008/4/28/central/m_03rasta.jpg
Gone forever: The land where the Rasta food court once stood is being cleared for the project.

Resident Aznei Jaffni said the residents along Lorong Burhanuddin Helmi 1received a letter from DBKL in November 2007 informing them of the development plan and asking for consensus.

“We wrote a reply objecting to the plan based on several factors involving the environment, safety and traffic in the area. But we received no replies from DBKL.

“The next thing we know, the foodcourt had been shifted and they are breaking the ground, ignoring our interests as residents.

“Only residents living along Lorong Burhanuddin Helmi 1 received the letter from DBKL, those living on other nearby streets did not receive it,” Aznel said.

Another resident See Kot Yeng said the development would bring more traffic to the already congested business centre.

“It will be a high-density development with office blocks and apartments, so you can imagine the traffic flow.

“When the work starts, there will also be noise and air pollution,” he said.

Jalan Burhanuddin Helmi is a trunk road that connects motorists to Bandar Utama, the Damansara-Puchong Highway (LDP) and to other parts of TTDI.

It is sandwiched between a business district and a housing area.

Segambut MP Lim Lip Eng said he would bring the matter to DBKL and work with the residents to resolve the matter.

any rendering for this project??

rizalhakim

April 29th, 2008, 04:03 AM

TTDI Harta wins estate award

PETALING JAYA: TTDI Harta Sdn Bhd, a subsidiary of Naza TTDI, won the Cityscape Asia Real Estate Awards 2008 under the Future Commercial Development category for its Laman Seri Business Park, Shah Alam.

The awards ceremony in Singapore was attended by over 300 industry leaders and was held in conjunction with the Cityscape Asia exhibition at the Suntec Conference and Exhibition Centre from April 15 to 17.

A panel of international judges rated each project on its contribution to world architecture, culture invention and imagination, respect for the people and environmental awareness and appropriateness in the emerging and recently developing countries in the Asian region with winners recognised in 12 categories.

TTDI group managing director Datuk Johan Ariffin said the award testified to TTDI’s goal of making the business park the best commercial development in Shah Alam.

The 8.245-acre Laman Seri Business Park has six blocks of four- and five-storey shop offices that will feature modern contemporary façade, dual frontage and wide pedestrian walkways. There are 900 parking bays at basement and surface level.

There will also be a 37,000 sq ft central events piazza for alfresco dining and water features such as ponds, a creek and synchronised water fountains with fibre optic lighting.

To date, more than 30% of the 46 units had been sold.

The expected yields are around 8.3% per annum or RM18,000 per month for a four-storey shop office. Each strata floor is priced from RM403,000.

rizalhakim

May 5th, 2008, 07:39 AM

RM2b launch of Bandar Kinrara’s last phase
By Sharen Kaur
Published: 2008/05/05

The new developments in Bandar Kinrara as well as Alam Impian in Shah Alam and Alam Sari in Bangi will boost Island & Peninsular’s outlook with their product variety

ISLAND & Peninsular Bhd (I&P) will launch the last phase of its 770ha Bandar Kinrara township project in Puchong, building a commercial hub and a residential enclave worth more than RM2 billion.

The two developments will cover 203ha, being the last plot of land at the township, group managing director Datuk Jamaludin Osman said in an interview with Business Times.

“We will use 470 acres (about 190ha) to build semi-detached homes, bungalows and terrace houses, which we will release into the market in phases over six to seven years,” he added.

“The commercial hub will be an icon in the township, enhancing its value completely.”

I&P has 5,670ha in the Klang Valley, Selangor and Negri Sembilan, some of which has existing developments worth RM9.5 billion.

Jamaludin said the company is projecting earnings to grow this year, helped by new product offerings.

It is targeting net profit of RM225 million on the back of revenue of RM900 million for the year ending January 31 2009.

Last year, it posted net profit of RM222 million on revenue of RM774 million.

“The earnings will depend on market forces. We are on track, but will have to look at market sentiments in the second half of the year.

“We are hopeful, looking at our existing projects and new launches coming up.” Jamaludin said the new developments in Bandar Kinrara, as well as Alam Impian in Shah Alam and Alam Sari in Bangi, will boost I&P’s outlook with their product variety.

Alam Impian is a 4,860ha township, launched in December 2006, offering 11,000 semidetached homes, bungalows and terrace houses. It will be developed over the next 15 years and is worth RM4 billion.

Aman Sari, which was launched in November last year, will offer 3,500 semi-detached homes, bungalows and terrace houses on 176ha. I&P is expecting sales of RM1 billion from the development, which will go on for the next seven years.

Jamaludin said that two other projects, which will supplement the ongoing developments, are the 203ha Bayuemas in the Klang Valley and the 770ha Kota Seriemas in Nilai, Negri Sembilan.

Bayuemas will offer 2,700 semi-detached homes, bungalows and terrace houses worth RM1.4 bil-lion. It will be completed over 12 years.

Kota Seriemas will offer 18,000 houses worth RM2.7 billion. The project began in 2000 and will last for the next 15 years.

"In Kota Seriemas, we are building a nine-hole golf course, chalets and a clubhouse. We reckon it will enhance the value of the township.

"We will continue to offer a good lifestyle for residents at all of our townships," Jamaludin said.

"We are quite positive of sales from all our projects and will continue to launch new phases," he added.

rizalhakim

May 5th, 2008, 07:56 AM

IOI Properties in for steady flow of earnings
By ANGIE NG
IOI Properties Bhd will be able to reap good earnings from several high-value commercial and residential projects in Puchong, Kuala Lumpur, Penang and Singapore over the next two to three years.

The main board-listed company is also building up its property investment portfolio with the launch of the Puchong Financial Corporate Centre and the expansion of the IOI Mall in Puchong.

According to IOI Properties executive director Datuk Lee Yeow Chor, the company has set out to capitalise on the high value of its two townships, Bandar Puchong Jaya and Bandar Puteri Puchong, and has lined up a number of interesting commercial projects that will further spruce up these addresses.

As Puchong still lacked Grade A office buildings, IOI Properties will be building the Puchong Financial Corporate Centre (PFCC) that will showcase five blocks of Grade A office buildings in Bandar Puteri Puchong.

Construction work for the first two blocks has started and is expected to be completed by the first quarter of 2009. Work on the other three blocks will start early next year and the buildings will be ready by 2011.

“If the offer is right, we may consider selling one of the blocks in PFCC on an en bloc basis to a corporate or institutional buyer.

“IOI Properties will keep the remaining four blocks for long-term lease by corporations on condition that the space leased should be at least 25,000 to 40,000 sq ft,” Lee told StarBiz.

At an estimated rental rates of between RM3.80 and RM4.60 per sq ft for the office space and RM7 per sq ft for the retail space, total rental income expected from the first two blocks was some RM23mil, he said.

http://biz.thestar.com.my/archives/2008/5/5/business/b_09boulevard.jpg
An artist's impression of IOI Boulevard in Pulau Bandar Puchong.

“These are futuristic and iconic office buildings that will elevate the office property landscape in Puchong. The project's location along the Damansara-Puchong Expressway gives the buildings very good frontage,” he added.

The ongoing extension of the IOI Mall costing RM70mil will add 300,000 sq ft of net lettable space to the existing 670,000-sq-ft mall.

He said the new wing, scheduled for completion by the end of this year, would raise the annual rental income from the shopping mall to RM50mil from RM37mil now.

New lifestyle hub

In the 930-acre Bandar Puchong Jaya, a new lifestyle business-cum-entertainment hub called IOI Boulevard will be built on the last piece of commercial land totalling six acres.

The RM330mil project will comprise 60 shop offices of five, six and eight storeys with average built-up areas of 11,050 to 17,680 sq ft.

The 60 retail lots on the ground floor will be priced from RM600 to RM650 per sq ft while the offices that are occupying the upper floors will be from RM300 to RMM350 per sq ft.

There are also eight corner blocks of eight storeys each offering space of 45,000 sq ft a block. They are priced around RM17mil each.

“The focal point of IOI Boulevard will be the glass canopy-covered centre courtyard called Fusion that will be a covered street with lush landscaping and water features, complete with alfresco sidewalk cafes,” Lee said.

Each of the shop offices will be equipped with a private lift.

On the residential property front, IOI Properties is moving into luxury condominium developments in Kuala Lumpur with its maiden project, The Verandas Condominiums in Jalan Ampang. Work will start by year-end, to be completed in two years.

The 16-storey condominium block on 3.8 acres will have 152 residences, including 10 penthouses. The intermediate units are from 2,200 to 2,700 sq ft while the penthouses will be from 3,300 to 4,200 sq ft.

“The residences will be designed in a single banked layout with all units having a direct view of the Kuala Lumpur City Centre. There will be large landscaped areas with multiple pools and an elevated clubhouse,” Lee said.

In Penang, IOI Properties' parent IOI Corp Bhd will be developing a four-acre site in Tanjong Tokong, Penang, into a 35-storey condominium block.

Fettes Residence will comprise 191 condominiums with average built-up of 1,800 to 2,000 sq ft that will be priced from RM380 per sq ft. There are also four penthouses of 4,000 sq ft. Most of the condominium units have sea views.

Lee said IOI Properties also had three ongoing township projects in Kulai and Segamat in Johor, and was planning to launch a 250-acre project in Kempas.

rizalhakim

May 7th, 2008, 04:12 AM

Metro plans RM1.5bil Kajang 2
By S.C. CHEAH

KAJANG: Metro Kajang Holdings Bhd will embark on a RM1.5bil high-end gated and guarded development on its newly acquired 272-acre freehold land here.

To be launched next March, the project will be developed over eight years. It will have 3,500 bungalows, semi-detached houses and three-storey super link homes, apartments, commercial units and private schools.

Metro Kajang has announced to Bursa Malaysia on Monday the acquisition of 96% undivided share in 12 parcels of land in Hulu Langat by subsidiary Srijang Kemajuan Sdn Bhd for RM77.9mil cash.

Another wholly-owned subsidiary Intra Tegas (M) Sdn Bhd holds the remaining 4% undivided share of the land that was bought for about RM2mil more than five years ago.

The land, 2.5km from Kajang town centre and easily accessible via the SILK Highway and Jalan Reko, is bordered by matured housing estates and is partly planted with rubber trees.

Executive chairman Datuk Alex Chen Kooi Chiew told StarBiz Metro Kajang had been eyeing the land for more than 10 years.

However, it was only now that the company was able to complete the entire deal with the parcel owners, he said.

“This land is probably the biggest single piece so near to the town centre. We feel it is worthwhile to buy no matter the amount of efforts and hardship we have to endure as long as it benefits our shareholders,” he added.

Chen said the development would be tentatively called Kajang 2 but the name might later be changed. It would have a gross development value of RM1.5bil.

“We want to develop it into an integrated and self-contained township. Our first launch would be semi-detached houses, bungalows and super link homes,” he said.

On the recent acquisition of 15,942ha land in Kalimantan for RM24mil in January, Chen said based on its survey, the land was suitable for oil palm planting and harvesting.

“We have completed planting on 1,800ha. The plantation is intended to provide long-term earnings for Metro Kajang,” he added.

rizalhakim

May 7th, 2008, 05:03 AM

PKNS offers over a 1,000 units at rock-bottom prices
By DEBBIE CHAN

MORE than a 1,000 properties are up for grabs at rock-bottom prices at various parts of Selangor, including the state capital Shah Alam and the prime property hotspot Kota Damansara.

The Selangor State Development Corporation (PKNS) has announced that the Jualan Hartanah Mampu Milik PKNS 2008 (PKNS Affordable Properties Sale 2008) will take place from this Friday to May 18.

http://thestar.com.my/archives/2008/5/7/central/p3PKNS.jpg
Big promotions: Md Nasir showing a poster for the sale of properties.

A total of 1,173 residential units, 53 bungalows, 25 shoplots and 206 industrial land lots are on offer at bargain prices.

On top of the discounted prices, buyers will also get incentives for each property bought.

A 10% discount will be given to buyers of factory buildings in Rawang and Air Manis, Sabak Bernam.

All other buyers will be given free air-conditioners, LCD television sets and electrical appliance vouchers, depending on the price of the properties.

According to PKNS deputy general manger (administration and development) Md Nasir Md Arshad, the sale is intended to give the public an opportunity to own their dream homes at an affordable price.

“PKNS properties are always priced at 7% to 10% less than other properties on the market,” Nasir said.

This time around, the sale will encompass properties in Shah Alam, Kota Damansara, Antara Gapi, Kota Puteri, Bernam Jaya, Bandar Baru Bangi, Kuala Selangor and Bandar Sultan Suleiman in Port Klang.

Almost all these projects have been completed.

“PKNS is also offering a payment facility where buyers only need to pay a RM500 down payment before commencing on a loan scheme being offered to qualified buyers,” Nasir said.

“The facility is a confidence boost for buyers of PKNS properties.

“The buyers can also pick strategic locations, including the upmarket hot spots like the new eight-storey apartment block in Section 10 at Kota Damansara, which is priced from RM180,000 onwards,” he said.

The new apartment block is equipped with a swimming pool, a badminton court and sports area.

It is strategically located in the vicinity of Petaling Jaya and is linked to highways, including the Damansara-Puchong Highway and MRR 2.

In Shah Alam, PKNS is offering 167 apartments at RM145,000 each in Section 24, a strategically located residential area with many nearby facilities like schools, clinics, 24-hour restaurants, car workshops and the Giant, Mydin and Ole Ole supermarkets.

“The lowest priced apartment is RM59,000 for the five-storey apartment in Bandar Sultan Suleiman,” Nasir said.

He said PKNS decided to hold another special sale this year as the response to the previous one was overwhelming with buyers snapping up all the properties because of the competitive prices, strategic locations and other attractive facilities.

“We have started using the tagline ‘Living with PKNS’ that is representative of the buyers’ confidence in our properties.

“It represents 150,000 PKNS property owners who have bought and continue to grow with our new properties,” Nasir said.

The properties sale will be held at the PKNS Complex in Shah Alam as well as at all PKNS sales gallery in the state.

rizalhakim

May 9th, 2008, 09:36 AM

PKNS Homes at up to 10pc off
Halim Said

SHAH ALAM: If you are planning to buy a new house, don't miss the Selangor Development Corporation (PKNS) Home Property Fair 2008, which kicks off today.

For you will be spoilt for choice as the 10-day fair, which ends on May 18, showcases a total of 1,173 residential units, 53 bungalows, 25 shop lots and 206 industrial lots, with a total value of RM180 million.

The fair, themed Living With PKNS, is held at Kompleks PKNS here.

Among the highlights are housing projects in Kota Damansara, Shah Alam, Antara Gapi, Kota Puteri, Bernam Jaya, Bandar Baru Bangi, Kuala Selangor and Bandar Sultan Suleiman in Port Klang.

Some of the projects are already completed.

PKNS deputy managing director Md Nasir Md Arshad said the public, especially those planning to but their first property, should pay a visit to the fair.

"We are offering the properties at between seven and 10 per cent cheaper than the market price. Although they are cheaper, PKNS do not compromise on the quality. So, visitors can expect a good bargain at the fair," he said.

He said among the hottest properties on offer is the eight-storey apartment block in Section 10, Kota Damansara, which is priced at RM180,000 a unit.

"The scheme is equipped with facilities such as a swimming pool, a badminton hall and recreational area," he said.

Md Nasir said those who were looking for properties in Shah Alam should check out PKNS apartments in Section 24, priced at RM145,000 a unit.

"The scheme has 167 units and the price is affordable," he said.

He said the cheapest property offered was five-storey apartment in Bandar Sultan Suleiman in Port Klang, at only RM59,000 a unit.

"We are also offering a 10 per cent discount for our single-storey factories in Rawang and Air Manis in Sabak Bernam," he said.

Md Nasir also revealed that buyers would be given vouchers for electrical items according to their purchases.

For more information, contact 03-79555945 or visit www.pkns.gov.my.

rizalhakim

May 12th, 2008, 05:14 AM

Sky garden concept for 1 Sentul
By S.C. CHEAH

Meanwhile, the company plans to launch an RM150mil service apartment cum commercial project called Tree Lodge in SS3, Petaling Jaya late this year. It will have a unique “sky garden” concept where every third floor will have a “green” area.

The units with sizes of about 500 sq ft to 1,300 sq ft will be priced from RM300 to RM330 per sq ft. There will be retail lots on the first two floors.

Its proposed 50-acre leasehold, U10 high-end gated and guarded community project next to Bukit Jelutong in Shah Alam might be launched in three years' time.

The company has been in the property development business since 1994. It has done seven to eight projects and completed over 1,000 mixed housing units.

rizalhakim

May 12th, 2008, 05:30 AM

Patience and persistence pay off for Kajang King
Property Talk
By S.C.Cheah

WHEN you want something badly, you must have the patience and tenacity to get it. It is like chasing after a fair lady. You wait, take action, and wait again.

The waiting game was more or less the same for the Metro Kajang group, except that when it involves a sizeable land deal with complex issues, it takes a lot more effort.

Finally, on May 5, the property development company dubbed the “Kajang King” got its prize: all 273 acres of prime freehold land (Paradise Estate), which is 2.5km from the Kajang town centre and is accessible via the SILK Highway and Jalan Reko.

It's a long story but suffice to say, Metro Kajang Holdings Bhd executive chairman Datuk Alex Chen is happy to see the deal finally sealed. The last 96% of undivided share of 12 parcels of the freehold land was sold for RM77.94mil. The group had bought the first 4% of the undivided share for RM2mil more than five years ago.

Metro Kajang was not the only company eyeing this piece of land, said to be the largest single piece of land near the town centre. There were plenty of suitors, mainly public-listed companies and also big-time developers.

The crux of the problem, as Chen recalled, was the difficulty in getting all the parcel owners to agree to sell and it also involved family disputes.

“This piece of land is in a very strategic location and it is even more worthwhile for us to buy as there are no more such a big piece so near the Kajang town centre,” said Chen, adding that there was a shortage of prime land in Kajang as much of the surrounding areas had been developed.

The break came when a very old parcel owner who is also Chen's friend finally agreed to sell his 4% stake for about RM220,000 per acre. Although Chen could not do anything with that small “interest,” it was, in his own words, like “using a string to tie up the elephant.”

The strategy worked as other suitors left. The next 86% of the undivided share was sold for RM280,000 per acre and the remaining 10% at the market price of RM400,000 per acre.

Obviously, the last few parcel owners made the most but it was still a price the group was prepared to pay, as the returns would be worth all the money and hardship.

Chen wants to build 3,500 units of high-end homes (semi-detached houses, bungalows, super links) as well as commercial properties on the land to be turned into a gated and guarded, integrated township, tentatively called Kajang 2.

Indeed, with so much competition especially in the Kajang area, the latest land acquisition would not only beef up the public-listed company's land bank but also enable it to create its niche high-end development and compete more effectively.

Being an established player in Kajang and having an 8% per annum population growth in Kajang (it has one of the highest population growth in the country) the new project could count on ready demand.

Although the town centre is still quite congested, many people have made Kajang their home. There are also nine universities and about five golf courses in the area. It is also within 10km from Putrajaya and Cyberjaya.

Having launched high-end projects like the Zen Park gated and guarded community project in Cheras and Phase 10 in Taman Bukit Mewah, Kajang, it is shedding its traditional image of a mere township developer and gaining a reputation as a niche, lifestyle player.

In fact, Metro Kajang, as the biggest developer in Kajang and Semenyih, had built over 1,000 residential and commercial units in Kajang over the past 20 years.

Its 295-acre Pelangi Semenyih, a major integrated township has achieved over 90% sales. Most of the residential properties there are in the affordable price range of below RM180,000 each.

Thus, going into more high-end projects would make Metro Kajang an “all rounder” so that it is not dependent on any single market.

“We are constantly looking for land at reasonable prices but we do not rush in to buy at just any prices. We will conduct thorough studies to ensure the viability of the land and its costs,” added Chen.

rizalhakim

May 12th, 2008, 05:39 AM

More projects from Metro Kajang
By S.C. CHEAH

METRO Kajang Holdings Bhd is set to consolidate its position as the biggest property developer in Kajang and Semenyih with the recent acquisition of a 270-acre prime freehold land in Kajang.

The company's acquisition is a major achievement as it is not easy to acquire such a big piece of land near the town centre and also considering that it paid RM80mil for the land which would be turned into a high-end integrated township with a gross development value (GDV) of RM1.5bil.

The township will have 3,500 units of bungalow, semi-detached house, three-storey super-link house, apartment, commercial unit and private school.

Executive chairman Datuk Alex Chen said Kajang was ready for such high-end development. “We are very positive on the potential response when it is launched next year,” he told StarBiz.

He said the group's move from affordable housing to high-end development was to make it an “all rounder” and to cater to market needs effectively.

http://biz.thestar.com.my/archives/2008/5/12/business/b_12alex.jpg
Datuk Alex Chen viewing a model of some of the company's projects in Kajang

The group is a household name in Kajang, having built over 1,000 units of mixed properties there over the past 20 years.

It also has three new projects with a combined GDV of RM162mil on 24.4 acres near its head office at Wisma Metro Kajang in Jalan Semenyih.

They are Metro Avenue (30 units of three-storey shop office), Sentosa Villas (three-storey link houses) and Sentosa Avenue (shop offices). It has sold all the 19 shop office units that were launched in Sentosa Avenue.

Chen said the group was always striving to offer Kajang folk better leisure and entertainment facilities. Its Plaza Metro Kajang, with Giant and Parkson Ria as anchor tenants, and Metro Point Complex's drive-in KFC Restaurant are examples of this effort.

Other upcoming projects are:

Desa Melawati: Metro Kajang bought a 2.65-acre land beside the Middle Ring Road 2 and it plans to build 523 units of serviced apartment. The project, to be launched in the fourth quarter of this year, will have a GDV of RM140mil.

Bandar Teknologi Kajang: It is developing 118 acres of land into a gated and guarded community comprising 500 units of bungalows, semi-detached houses, apartments and a clubhouse. To be launched end of this year, it will have a GDV of RM182mil

Metro Kajang has also entered into a 60:40 joint venture with Amona Permodalan Sdn Bhd to develop a 5.3-acre land next to Pantai Hillpark condominium near Bangsar in Kuala Lumpur. It plans to build 404 units of condominiums and 20 three-storey villas. Slated for launch by 2009, the project will have a GDV of RM168mil.

Its other ongoing projects include Rimbunan Avenue in Kepong (all units sold), the 295-acre Pelangi Semenyih (Phases 7, 8, and 9), Taman Bukit Mewah (Phase 10), Saville Residence (75% of the service apartments sold) and the high-end Cheras Zen Park (all sold).

It has also sold 95% of the serviced apartments in Pelangi Damansara Sentral, which is within the vicinity of 1 Utama shopping centre, Tesco, Ikea and The Curve.

“We are always seeking opportunities to enhance shareholders' returns and to provide long-term sustainable earnings,” Chen said.

The group recently expanded its business in oil palm plantation via the acquisition of a 100% equity interest in SJL Utama Pte Ltd that in turn owns 94.99% in PT Khaleda Agroprima Malindo.

The latter has been issued “Hak Guna Usaha” land title for 35 years for 15,942ha (39,395 acres) of land in East Kalimantan, Indonesia, for the development of oil palm plantation. The land is 75km from Samarinda.

This represents a major earnings diversification move.

“There is a need for a more resilient earnings base in order to sustain our profits as well as for future long-term growth,” Chen said, adding that vital ingredients to make a project successful included the right timing, a strategic location and catering to market needs.

“We are always doing market research like what house buyers want, their lifestyle, educational background and what they can afford. We believe each generation has different needs and expectations, and our designs and concepts must cater to them.”

Chen said the group had absorbed the rising construction costs well and, despite thinner margins, was still able to deliver on time, thanks to its strong working relationship with contractors and its trading house, which allowed it to enjoy cost benefits from purchase of building materials.

rizalhakim

May 12th, 2008, 05:50 AM

http://img34.picoodle.com/img/img34/4/5/11/f_DSC00852m_7f307bb.jpg

rizalhakim

May 13th, 2008, 09:15 AM

any idea what hapnd 2 dis project? 1st Subang

http://img03.picoodle.com/img/img03/8/4/27/f_DSC04484m_e2d74e1.jpg

http://www.altruism.com.my/atweb/site/titijaya/uploads/projects/images/1st%20Subang-combined%20pic3%20A4.jpg

Southern Tower - 80% SOLD

Titijaya's prestigious commercial development, situated at the heart of thriving SS15 in Subang Jaya. Consisting 2 office towers on a retail podium made up of a basement, 5 floors of parking (including basement) and 3 retail floors, including purpose-built supermarket, bank and restaurant.

First in LOCATION - Situated within a high catchment financial & convention area, easily accessible via 7 highways.

First in DESIGN - 130 office suites that can be combined to suit your business needs.

First in SECURITY - 24-hr security & CCTV : transfer lifts take ALL tenants/visitors from parking directly to the security checkpoint at Ground Floor.

First in CONVENIENCE - Choose to unwind at the rooftop Zen garden or de-stress at the health club downstairs. Dine at one of the many restaurants and enjoy a vast retail experience after completing your banking, all at the same location.

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Contact us at 03-5630 0137 or 012-222 9696 for more information.

Titijaya Property Gallery opens daily from 10.00am to 6.00pm.

patchay

May 13th, 2008, 12:26 PM

any idea what hapnd 2 dis project? 1st Subang

construction is on-going. the site is formerly a hawker centre during my taylors days ... last passed by that area in Feb 2008 :)

rizalhakim

May 14th, 2008, 05:08 AM

Sime unit confident on take-up for Denai Alam

SHAH ALAM: Sime Darby Property Bhd is confident of selling the remaining 160 units of two-storey terrace houses in Denai Alam mixed-development project by year-end, a company spokesman said yesterday.

The units, part of the seven phases on 1,000 acres of freehold land next to Bukit Jelutong, are priced from RM290,000 to RM470,000.

Sime Darby Property has also launched two-storey shop lots in Denai Alam in January worth about RM750,000 each, of which 23 have been taken up.

“To date, 714 units comprising both residential and commercial properties with a gross development value (GDV) of RM220mil have been sold in Denai Alam,'' the spokesman said.

He added that most of the buyers were from Shah Alam.

”We are looking to attract buyers from outside Shah Alam,” he said.

The Denai Alam project, to be completed latest by 2020, has a GDV of RM2bil.

The township is accessible via the Guthrie Corridor Expressway, North-South Highway and North Klang Valley Expressway.

“It is also just 15 minutes from the PJ Golden Triangle,” the spokesman said.

Sime Darby Property will organise a carnival this Saturday and Sunday at Denai Alam to attract buyers.

The next residential phase is scheduled for launch in January.

rizalhakim

May 14th, 2008, 10:51 AM

It's still a stalemate
Noel Achariam

http://www.nst.com.my/Streets/Wednesday/Stories/2239464/insidepix1
FLACKBACK: Our Earlier Report

KUALA LUMPUR: About 2,000 house buyers of three abandoned projects in Puchong hit the roof when they were told to wait further.

http://www.nst.com.my/Streets/Wednesday/Stories/2239464/insidepix2?display=xsmall
The angry house buyers showing their frustration at the Housing Ministry on Monday.
What had earlier appeared to be hope turned into frustration and disappointment again when the closed-door meeting between representatives of the Housing and Local Government, Talam Corporation and IJM Corporation on Monday proved to be unfruitful.

IJM, the new developer who will replace Talam Corporation, has asked for more time but this did not go down well with the house buyers who have already waited for more than three years.

P. Sri Ganes, representing the house buyers of Taman Lestari Perdana, said he was frustrated with Talam and IJM for failing to reach an agreement.

"They have not given us a specific answer. All they told us is that they are still negotiating with each other and will only give us an answer later.

Ganes added that his housing project has been abandoned for four years and some of the houses are not even built yet.

"When I went to check on my house last week, hardly anything had been done. There are other house owners who are still staring at an empty plot of land."

Taman Lestari Permai representative Ali Hanafiah said: "The two developers have yet to agree on a solution to our problem.

"They have asked us to wait till the end of the month for a reply. We have had numerous meetings but to no avail," he said.

"At the meeting (on Monday), the developers have asked for more time but they can't give us a specific date on when they will revive the projects.

"We hope that in two weeks' time it will be our last meeting with Talam, IJM and the Housing Ministry."

But house buyers in Puncak Jalil Phase 10A were lucky. In another meeting on the same day with Talam, they reached a settlement.

S. Ayamany, representing the house buyers of Puncak Jalil, said he was relieved that the purchasers' worries were finally over.

patchay

May 16th, 2008, 05:40 AM

Kelana Jaya restaurant to make way for project
16 May 2008
By TAN KARR WEI

The site is earmarked for a mixed-development project.

The Kelana Jaya Seafood Centre, a prominent landmark in Petaling Jaya, has closed its doors.

The restaurant published a notice in the newspapers announcing its closure on April 30.

A similar notice is plastered on a big signboard at its premises, which can be seen from the LDP.

The restaurant had been in operation for about 18 years and was a popular joint for halal seafood.

Former Subang Jaya assemblyman Datuk Lee Hwa Beng said he used to dine often in the restaurant.

“It is halal so I would go there when I needed to have meals with my Muslim acquaintances,” he said.

According to the Glomac corporate communications department, the land on which the Kelana Seafood Centre is located was sold by the PKNS to Glomac Segar Sdn Bhd on April 1, while Glomac Bhd acquired Glomac Segar on April 30.

The proposed plan is an extension of the existing Plaza Kelana Jaya development that would comprise shops, offices, apartments and a mall.

Glomac has stated in the website that the land would be used for its future development.

The proposed plan is an extension of the existing Plaza Kelana Jaya development that would comprise shop-offices, office suits, serviced apartments and a shopping mall.

The project is scheduled to be launched next year.

The SS7 area near the Kelana Jaya Lake has seen a mushrooming of high-rise residential dwellings and commercial centres over the years.

Residents in the area said they had to put up with bad traffic jams, haphazard parking and flash floods due to the development.

The residents had voiced their displeasure over the apparent over-development in the area during a recent meeting with Seri Setia assemblyman Nik Nazmi Nik Ahmad.

rizalhakim

May 22nd, 2008, 07:22 AM

Selangor loses millions in idle projects
Story and photos by ELAN PERUMAL

MEGA projects in Selangor have turned out to be costly affairs - to the tune of RM600 mil.

For example, the Shah Alam Stadium, which costs RM350mil and Paya Indah Wetlands Park at RM160mil are more like “white elephants” since the facilities are hardly used.

These unsuccessful mega projects including the Marine Park in Sungai Panjang, Exco Village at Shah Alam and 3C Complex in Subang Jaya seem like a waste of public funds as they are underutilised.

Apart from the huge costs and time involved, these projects stick out like a sore thumb with the public demanding to know what has caused the current disappointing state.

A check by StarMetro showed that many of these mega projects have turned out to be costly affairs, uncompleted, left abandoned or worse still, under-utilised.

3C Complex

Another underutilised facility, the Subang Jaya’s 3C Complex (Children’s Creative Centre) was built at a cost of RM30mil by the Subang Jaya Municipal Council in 2003.

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No activities: The 30 million 3C complex in Subang Jaya.

After being abandoned for more than three years, a section of the building is currently utilised by an NGO to conduct lessons for autistic children.

Shah Alam Stadium

Topping the 'white elephant' list in Selangor is the Shah Alam Stadium that was supposed to be the football landmark of the state.

Now, the RM350mil stadium, which has a 85,000 capacity looks deserted and unable to draw even half of its full capacity for matches anymore.

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The Shah Alam stadium: Another white elephant?

Checks revealed that the stadium built by the Selangor Government in 1997 hosted only about 10 matches in a year. The stadium was rarely used after the Federal Government built the National Stadium in Bukit Jalil in 1998.

State property, housing and maintenance committee chairman Iskandar Abdul Samad said a study would be conducted on how to optimise the usage of the stadium.

Besides football, he said, the stadium could be used for various other mega events including entertainment events.

“This is going to be our biggest challenge. We have no options but to look at other ways to put these projects to better use,” said Iskandar.

He added that most of these projects were implemented for the sake of development in view of Selangor's elite status.

“Lack of proper planning has resulted in these structures and facilities becoming white elephants,’’ he said.

Paya Indah Wetlands

The Paya Indah Wetlands in Dengkil is a mega project meant for nature conservation that has failed to meet its objective. Covering 3,300ha, the Federal Government spent RM160mil on the wetlands project that was opened in October 2001.

The presence of four hippopotamus presented by the Botswana government was the only drawing factor for Malaysians before the park was closed to the public two years ago.

Exco Village

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Doesn’t serve a purpose: The exco village.

Implemented amid huge controversy, the Exco Village project at Section 7 in Shah Alam that was allegedly built at a total cost of RM40mil is another obvious flop.

Former Mentri Besar Datuk Seri Dr Mohamad Khir Toyo who declared that the cosy quarters was built at RM21mil cost had said the facility was aimed at housing the state executive councillors under one compound so that they would able to have closer interaction among themselves.

It was reported earlier that the former state government failed to make its exco members live in the 10 bungalows. The Pakatan Rakyat government had announced that the units would be handed to real estate agents to find suitable tenants.

Marine Park

A Marine Park project at Sungai Panjang near Sekinchan is said to be another project to come under fire due to the huge cost involved.

The project with 13 units of chalets at Kampung Haji Doraini with a restaurant and a shop was built by the Selangor Government at a cost of RM21mil through a direct-negotiation project. Sekinchan assemblyman Ng Suee Lim said the project was initially approved at RM10mil. Ng said the project had not been able to attract any tourists.

Riverside Park

Built along the Klang River in South Klang, the riverside park is another project that has failed to meet its purpose.

The RM10mil riverside project implemented by the Federal Government as part of its river-cleaning programme looks empty and even the residents living nearby the park are said to be not aware of the park's existence.

The park which houses the Pengkalan Batu jetty is equipped with gazebos, benches, children playground and boasts a beautiful landscape but unfortunately it remains deserted.

Canal City

The RM2bil Canal City project, which was supposed to connect Kota Kemuning and Banting via the Langat River has been abandoned.

The proposed project, announced by Khir last year and supposed to mirror the city of Venice, did not take off.

According to Khir, the canal project was meant to be a massive water reservoir that would eventually supply drinking water for Selangor.

Under the proposed project, Klang River and Langat River will be connected through a canal system on 2,185ha land.

Besides enhancing the rivers, the project was to offer attractive development along the rivers following the Venice model.

However, it is learnt that the project had been abandoned due to its high cost and lack of feasibility.

More abandoned projects

The RM25mil proposed exotic island development on Pulau Angsa off Pulau Ketam is among several projects that had been abandoned halfway.

Another case in point is the RM100mil refurbishment work at Morib Beach, which was widely reported in the media for a long time but never saw completion. The beach was expected to be provided with a RM52mil broadwalk facility.