RM5bil Warisan Merdeka will be country’s new landmark
Saturday October 16, 2010

http://thestar.com.my/archives/2010/10/16/nation/n_3stadium.jpg

A landmark to emerge: The site near Stadium Negara and Merdeka Stadium in Kuala Lumpur
where a 100-storey building, the tallest in the country, will soon be built. – Bernama

THE Warisan Merdeka landmark, a RM5bil project located within the enclave of Merdeka Stadium and Stadium Negara, will change the city skyline.

Construction of the 100-storey skyscraper, which is part of the mega project, will start next year and is expected to be completed in 2015.

Prime Minister Datuk Seri Najib Tun Razak said the two stadiums would be retained as national heritage buildings.

Real Estate and Housing Developers Association Malaysia said the plan to create the iconic feature must take into consideration demand for space.

“We recommend that the Government conduct feasibility and market studies in consultation with the private sector before embarking on this ambitious project,” its deputy president Datuk F.D. Iskandar Tan Sri Mohamed Mansor said in a press statement,

Architect Dr Tan Loke Mun said the building must be constructed with sustainability in mind.

“If we are going to give Malaysia the tallest building, we may as well make it the greenest building in the world. Additionally, local talents should be considered for job opportunities that will arise,” Dr Tan said.

Human resources manager Julian Sanjivan, 28, asked whether the project was aimed at competing with the Burj Khalifa in Dubai or to boost tourism and the construction industry.

“If they want to create more jobs, then we should welcome it. However, if it is just for the name, perhaps the money will be best used elsewhere,” he said.

Businessman Lo Yew Wai felt there wasn’t a need for such a development here.

He said there were many buildings left vacant after construction, adding that the status of having the tallest building in the country was not a good enough reason because it would be a waste of space and money.

Source: http://thestar.com.my/news/story.asp?file=/2010/10/16/nation/7241701&sec=nation

Big projects eye foreign tenants
By Sharen Kaur Published: 2010/10/20

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The Matrade Centre and Warisan Merdeka, two large property projects worth a combined RM20 billion, will include offices that will be marketed to multinational companies (MNCs).

"The two projects will have office towers with full-fledged upmarket facilities, even better than the Petronas Twin Towers," Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said.

The RM15 billion Matrade Centre will be built by the Naza group. It will include an exhibition centre, residences, offices, a mall and a hotel, spanning 26ha, under a privatisation deal with the government. The 10-year project will be launched next month.

Warisan Merdeka, located within the enclave of Merdeka Stadium and Stadium Negara, will have a 100-storey tower. The project, which will start next year and be completed in 2015, is an initiative by Permodalan Nasional Bhd (PNB).

Little else is known about the project.

Raja Nong Chik said PNB has done its homework to ensure the project will be viable.

However, PNB will have to address the issue of limited road access as the project is located in a densely occupied area.

"The project is a good move by PNB, which is looking at various avenues to invest. But they must ensure that the tower is taken up as the money is coming from them.

They are answerable to their shareholders.

"PNB also has to ensure that the building is attractive so that investors don't go to Singapore, Vietnam and India. We will lose then," he said.

Raja Nong Chik was speaking to reporters in Kuala Lumpur yesterday after opening the 2nd International Conference on World Class Sustainable Cities 2010.

He also said that the ministry aims to launch Invest KL by early next year. It will work with the Malaysian Investment Development Authority (Mida) to encourage MNCs to set up shop here.

The minister expressed confidence that the government would achieve its target of having 200 new MNCs by 2020. Currently, there are 1,800 MNCs in the country.

"While the number is small as compared with Shanghai, which has 16,000 MNCs, and (against the) 4,000 in Singapore, we hope to surpass 2,000 in 10 years."

Invest KL will target MNCs worldwide, especially from the Middle East, China and India.

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/VEST19-2/Article/index_html

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LOCATION:

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Consultants: Need to gauge potential impact of 100-storey Warisan Merdeka
By ANGIE NG Published: 2010/10/20

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Map showing Warisan Merdeka project site

PETALING JAYA: Developers and property consultants have urged the Government to commission extensive and in-depth feasibility and market studies on the proposed 100-storey Warisan Merdeka to gauge its cost-benefit and potential impact on the property market before proceeding with the project.

Construction of the skyscraper, which is part of the RM5bil mega project within the enclave of Merdeka Stadium and Stadium Negara in Kuala Lumpur, will start next year and is expected to be completed in 2015.

Disclosing the project in his Budget 2011 speech last Friday, Prime Minister Datuk Seri Najib Tun Razak said the two stadiums would be retained as national heritage buildings.

Real Estate and Housing Developers Association Malaysia (Rehda) deputy president Datuk FD Iskandar Mohamed Mansor said the plan for the potentially high-impact commercial development must take into consideration demand and supply of office space in the capital city.

He said such a massive project should be approached with caution and proper feasibility studies before proceeding.

“Kuala Lumpur already has a focal point – the Petronas Twin Towers – and the question is whether it is necessary to have another one. Moreover, there is enough office space in the city. Additional space from the Warisan Merdeka and other projects, including the RM26bil Kuala Lumpur International Financial District (KLIFD), may result in an oversupply of commercial property space,” Iskandar said.

Official figures from the National Property Information Centre show that occupancy rates of office space in Kuala Lumpur and Selangor averaged around 80%.

“What is more important at this point is for a holistic and comprehensive public transport system for Greater Kuala Lumpur that will integrate the proposed mass rapid transit project to the feeder transport network, including the buses and taxis, that also needs to be improved. It is one of the basic imperatives for KL to achieve world-class city status,” he added.

Amphil Corp Sdn Bhd chief executive officer PK Poh said the iconic projects planned by the Government were intended to fulfill national imperatives “to serve a bigger and higher purpose,” and should not therefore be looked upon as a pure property play.

Poh said the implementation and timing of the project would have a serious impact on the local property market in terms of the allocation of resources and the effect on current and future vacancy rates in the capital city.

“As such, it would be good if such super mega projects be demand-driven as well, in addition to fulfilling the national agenda.

“Based on what I observe overseas (including the Shanghai Financial Centre, Canary Wharf and Burj Khalifa), super mega projects there needed to go through at least one recessionary cycle.

“Our own Petronas Twin Towers were in fact completed in the teeth of such a recession. Therefore, the timing of, and preparation for, when the project should take off is of utmost importance, and requires truly extensive and in-depth studies,” Poh said.

He also pointed out that projects such as Warisan Merdeka and the KLIFD could straddle the property cycle.

“There is a real danger of these projects ‘crowding out’ other developers’ projects when the construction of this and other iconic projects starts. Prices of materials will tend to rise, thus making projects more expensive for all concerned.”

Property consultancy CB Richard Ellis Sdn Bhd executive director Paul Khong said a proper market and feasibility study should be professionally undertaken to determine the right mix of development, the commercial viability of the entire project, the future demand for the products offered within the project and also the theme of development which should really be featured around the heritage elements of Merdeka Stadium.

Responding to questions on the project yesterday, Najib stressed the Government did not instruct Permodalan Nasional Bhd to construct Warisan Merdeka and that it was the company’s board of directors that had wanted to embark on the project.

He said the construction work on the project would generate many economic activities.

“The area will be a business centre for both the bumiputra and non-bumiputra alike. It can be one of Malaysia’s attraction that will generate and bring profit. This project is not a waste,” he stressed.

Source: http://www.starproperty.my/PropertyScene/TheStarOnlineHighlightBox/7713/0/0

PNB well-placed to fund Warisan Merdeka
Published: 2010/10/20

Permodalan Nasional Bhd (PNB), which will be developing the RM5 billion Warisan Merdeka landmark, says it is well-positioned to finance the integrated development project from its own internally generated funds.

"However, we can look for loans from the market as long as we can maximise our returns," its President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman told a media briefing here today.

He also dismissed speculation that the project would be funded by the government or sourced from its unit trust funds. PNB, an investment holding company, currently manages funds worth more than RM140 billion. It has substantial interest in over 300 listed and unlisted companies.

Plans for the project, comprising three phases to be fully completed by 2020, were unveiled by Prime Minister Datuk Seri Najib Tun Razak during last week’s budget speech.

The integrated development project located within the enclave of Stadium Merdeka and Stadium Negara, will comprise a 100-storey tower, with construction to start next year. It is expected to be completed in 2015.

Hamad Kama said the project to be undertaken by its 100 per cent owned company, PNB Merdeka Ventures, was part of PNB's plan to shift its assets class and diversify its portfolio.

Over the years, he said PNB has been investing in equity and "now we are focussing on property. "In fact we have bought many properties among others including Kenanga and MAS buildings, as well Perdana Hotel.

"We bought all those buildings because we believed that we want to make sure that our asset class would be reallocated a bit.
"In terms of risk we want to reduce calculated risk but as the same time returns also must be reasonable. So that's why this (the project) is one of the things that we are doing now," he said.

Hamad Kama said PNB, which bought the land in 2000 from Pengurusan Danaharta Nasional Bhd, had planned for the project since 2004.

This matter was discussed by the board and it had decided to embark on the project then. "It happens that this time we are embarking on the project."

Ultimately, PNB decided on the 100-storey building as "we believe this is a good strategic position." Excluding the stadiums, Hamad Kama said PNB has got 7.6 hectares for the green concept project comprising office blocks, shopping complex, hotels, apartments, and condominiums.

It will be a project blending heritage and commerce, he said.
He also reasserted that as an investment house, PNB had to make sure that the risks for developing the project are taken care while the returns aimed at are there.

Hamad Kama said the tower block upon completion would create economic activities and provide job opportunities. He said the construction of the tower would be also timely as by 2016, PNB's current building at Jalan Tun Razak would be 30-years old and would need refurbishment.

There would be no need to worry about capacity, he said.
"When we plan, we need to ensure there will be occupants. PNB and its group of companies need a headoffice and to also expand," he added. -- Bernama

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20101020194424/Article/index_html#ixzz12u9k6xR3

Budget Highlight

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100-storey tower to be PNB new HQ
By Shahriman Johari and Sharen Kaur Published: 2010/10/21

http://www.btimes.com.my/articles/mopnb/front_top

The 100-storey tower that forms part of Warisan Merdeka will be the new headquarters of Permodalan Nasional Bhd (PNB) as the fund manager is already thinking about redeveloping its existing head office.

Come 2016, its main building on Jalan Tun Razak, Kuala Lumpur, will be 30 years old. It is already fully occupied by PNB and its companies.

"We have to ensure we have occupancy. We need to move to this place. It will be mainly used by us and our investee companies," group chief executive officer Tan Sri Hamad Kama Piah Che Othman said at a briefing in Kuala Lumpur yesterday.

Warisan Merdeka, a 10-year mixed-development project estimated to cost RM5 billion, will be PNB's single biggest property project to date. Its construction is set to create some 5,000 jobs.

The tower alone, of about 525 metres , makes up half of the cost. The project will be done by PNB's wholly-owned PNB Merdeka Ventures Sdn Bhd, but it is open to having partners.

It may also sell part of the 14.6ha site, but this has yet to be finalised as it also wants to have recurring income from the properties.

"We must make sure returns prevail," Hamad Kama Piah said, adding that 8-10 per cent a year would be a good rate.

More importantly, Warisan Merdeka will boost the prices of residential, office and retail properties in the Golden Triangle, especially the Jalan Hang Tuah area, Pudu and Imbi, said Zerin Properties founder and chief executive officer Previn Singhe.

Property valuers said property prices shot up when the Petronas Twin Towers was built in 1985. Some foresee Warisan Merdeka to be the next KLCC.

"We need to look at the project very objectively. New York had five tallest towers in the world at any one time and they are all doing well," Previn said.

The land price in the Golden Triangle area is currently around RM2,000 per sq ft, while the net lettable area of a top office building is about RM800 per sq ft.

But valuers who were not so bullish said the key challenge is how to deal with traffic flow.

"You must look at the project site. It is very dense and road access and public transportation is limited. If the government can improve that, then we will have a different price outlook," said a valuer who declined to be named.

This was acknowledged by Hamad Kama Piah, who stressed that PNB has consultants working on the traffic issue. The cost of improving infrastructure in the area has also been factored into the overall RM5 billion cost, he explained.

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/mopnb/Article/index_html

Can't wait for the rendering.. :)

PNB to start 10-year Warisan Merdeka project with 100-storey tower
By ANGIE NG Thursday October 21, 2010

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Tan Sri Hamad Kama Piah Che Othman pointing to the site of Warisan
Merdeka development during the press conference pn Wednesday.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will be undertaking the Warisan Merdeka development over three phases in 10 years starting with the 100-storey tower next year.

At a press conference yesterday to explain PNB’s plans for the project, president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the development costing RM5bil would also have a shopping complex and condominiums.

The 100-storey tower – touted to be the country’s tallest – will cost RM2.5bil to RM3bil and will have gross floor space of 3 million sq ft and 2.2 million sq ft of net floor space .

“It will be a five-star green building. We are confident its completion in 2015 will create some excitement and spill-over benefits for the development as a whole,” Hamad added.

PNB has set up wholly-owned unit PNB Merdeka Ventures Sdn Bhd to undertake the project. The company is headed by Tengku Abdul Aziz Tengku Mahmud who was from Guthrie Property Development Holding Bhd and Sime Darby Property Bhd. He came on board early this year.

“We are now finalising the project design and concept, and may invite professionals, both local and foreign, to submit their ideas for the project.

“PNB’s existing headquarters, Menara PNB will be 30 years old by the time the new tower is completed. We are looking for strategic positioning for the future and will need new office space for the expanding PNB group of companies. The Warisan Merdeka tower will become the new PNB headquarters while Menara PNB will be upgraded and leased out for recurring income,” Hamad added.

He said PNB had the capability to finance the project through internally generated funds but he did not discount resorting to borrowings “if the interest rates are attractive.”

On the rationale for PNB’s decision to undertake the project, Hamad explained: “We have been planning to develop the land since 2004 after acquiring it in 2000. After holding the land for so long, we decided it is now the right time to move ahead with the project. As an investment house, our intention is to optimise returns from the development.”

He said the project was expected to yield reasonable returns of between 8% and 10%.

“For the past few years, we have revisited the plan every year. Now with Tengku Abdul Aziz helming PNB Merdeka Ventures, we are more focused on the project and are ready to move ahead with it. The Government is also promoting this type of development.”

PNB paid RM310mil or RM220 per sq ft to buy the 36-acre land from Pengurusan Danaharta Nasional Bhd in 2000. Hamad said the market value of the land was estimated at RM800 per sq ft today.

Of the 36 acres, around 17 acres are occupied by Stadium Merdeka and Stadium Negara, which have been identified as a national heritage site. Conservation works have been undertaken to restore their heritage characteristics and the two stadiums are now being managed by the National Heritage Trust.

The overall Warisan Merdeka development on 19 acres would have to complement and blend with the heritage theme, and together with the restored stadiums, the site was set to be another major landmark in Kuala Lumpur, he said.

Hamad said although the project was scheduled to take 10 years, it may be expedited if market conditions warranted it.

“As a long-term player, we would prefer to own the Warisan Merdeka property and leased it out for recurring profit but we may also consider unlocking the value if the situation warrants it.”

He said PNB had been expanding its portfolio of property assets from mainly investing in equities previously. It had been purchasing commercial properties that offered competitive returns and potential for capital appreciation at reasonable prices.

Today, its property portfolio includes Menara PNB, PNB Darby Park, Kenanga International Building, Bangunan MAS in Kuala Lumpur, Hotel Perdana in Kota Baru and PNB Ilham Resort in Port Dickson. Its first offshore property, Santos Place in Brisbane, Australia, a six-star Green Star building, was acquired in August for A$287mil.

Hamad said PNB was also active in property development through its strategic holdings in a number of companies, including the merged entity of Island & Peninsular Bhd, Petaling Garden Bhd and Pelangi Bhd.

Source: http://biz.thestar.com.my/news/story.asp?file=/2010/10/21/business/7267251&sec=business

4zuXp0iP8vU

Many thanks jh1..we can see the site of project better from the clip here!

PNB defends Warisan Merdeka project
Written by Kathy Fong Thursday, 21 October 2010 13:14
http://www.theedgemalaysia.com/highlights/175769-pnb-defends-warisan-merdeka-project.html

KUALA LUMPUR: Permodalan Nasional Bhd’s (PNB) RM5 billion plan to redevelop the tract of land near Stadium Merdeka, which includes building a 100-storey office block, is a move to diversify the investment group’s asset portfolio, said its group chief executive Tan Sri Hamad Kama Piah.

He said PNB expected an annual return of 8% to 10% from the massive property redevelopment plan, which he stressed was a well-thought investment decision. “It was not a ‘one-day thing’,” Hamad told a media briefing that was called at short notice yesterday.

The meeting was called after growing public criticism over the 100-storey tower project, which was announced in last week’s 2011 Budget. Many quarters had lamented the tower as lavish and unnecessary, and questioned its viability in the face of a looming glut in Kuala Lumpur’s office space market.

Hamad reiterated that PNB could finance the mega development project in the city centre solely from profits that it had made over the past three decades. “We are not taking the government’s money (for the project),” he stressed.

“(Since) many years ago, PNB has been talking about shifting its asset class. Over the years, we have bought many properties, for instance the Kenanga (International) building, the MAS (Malaysia Airlines) building,” Hamad explained on the rationale of the project.

The massive development project on 19 acres of land, which PNB bought for RM310 million from Danaharta, would stretch over 10 years until 2020. The market value of the land has appreciated to RM800 psf versus the purchase price of RM220 psf, Hamad estimates.

The new tall tower, called Warisan Merdeka, will cost RM2.5 billion to RM3 billion and is expected to be completed by 2015.

Warisan Merdeka will be the second state-initiated mega property project in the country after the Petronas Twin Towers.

According to Hamad, Warisan Merdeka could house about 10,000 people or more with a total floor space of three million sq ft.

He revealed that PNB would be an anchor tenant, making Warisan Merdeka its headquarters. “We need a new office for expansion,” Hamad replied when asked about the tenancy.

As for PNB’s existing headquarters, along Jalan Tun Razak, Hamad said the group planned to refurbish and upgrade the building to fetch a better rental yield.

The 100-storey Warisan Merdeka may be another attractive icon for tourists, but for the locals though, the massive project raises concerns of a possible glut in office space supply — apart from concerns of infrastructure challenges, such as traffic congestion, and whether it will bring much benefit to the country’s economic development.

Statistics from National Property Information Centre (Napic) show that as of September 2010, Kuala Lumpur has 72.7 million sq ft of existing office space supply, of which 58.5 million or 80.5% is occupied. The rate has dropped over the past nine-month against 83.2% in December 2009, as more office space came into the market.

According to data extrapolated by The Edge Financial Daily from the Napic statistics, the nine-month period saw a rise of 3.9%, or 2.75 million sq ft, in office space supply. However, occupancy rose only 0.36 million sq ft. As a result, vacant office supply increased by 20% from 11.76 million to 14.16 million sq ft.

Meanwhile, another 10.4 million sq ft of office space is expected to come onstream later, based on projects that are under construction as at Sept 30, 2010. The take-up rate for Kuala Lumpur office space is estimated to have averaged 1.72 million sq ft annually from 1985-2009. Based on this calculation, it implies that the incoming office supply is equivalent to about six years’ worth of demand.

When the Petronas Twin Towers were conceptualised in the early 1990s and started construction in 1994, the office market was tight.

The office occupancy rate for Kuala Lumpur was above 90% from 1990 to 1997. It reached as high as 98.1% in 1997, just before the Asian financial crisis and the completion of the twin towers.

Following the completion of the Petronas Twin Towers in 1998, however, the city’s occupancy rate plunged to about 82.1% as total office supply increased by about nine million sq ft or 18% in that year.

Since then, occupancy levels have remained around the 80% mark. It dropped below 80% from 1999-2004 — to as low as 72.6% in 2001.

Going forward, there is a number of government-initiated massive development projects in the capital, in addition to the numerous private projects.

Examples are the joint development between Mubadala Real Estate & Hospitality (MREH) and 1Malaysia Development Bhd (1MDB) on the 34.4ha tract near Kampung Pandan and Jalan Tun Razak. 1MDB also partners with Qatar Investment Authority to redevelop the Royal Malaysian Air Force base near Sungei Besi.

The federal government also intends to redevelop its large tract of land near Cochrane Road area.

Outside the city centre are the upcoming Matrade development in Mont’Kiara-Dutamas, and the massive Rubber Research Institute township in Sungei Buloh.

Should all the projects kickstart, simple logic tells there will be ample supply of office space in Kuala Lumpur. Will there also be a surge in demand for them?

Much will depend on Malaysia’s ability to transform its economy and attract more foreign direct investments.

Still, PNB’s Hamad is more optimistic.

He said all developers lived through the cyclical property cycle. “When we are taking calculated risks, we also ensure reasonable returns,” he commented.

The site:

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100-storey tower among world's tallest
Terence Fernandez Updated: 08:35PM Wed, 20 Oct 2010

KUALA LUMPUR (Oct 20, 2010): As it stands on paper, the 100-storey tower to be built in the city centre.

Standing between 525m and 550m, the tower in the Warisan Merdeka mega project will surpass the 452m-high Petronas Twin Towers. This is provided taller skyscrapers do not come up by 2020 – the projected completion date of the tower and entire Warisan Merdeka development.

Revealing details at a briefing at PNB Darby Park today, Permodalan Nasional Berhad (PNB) president and group CEO Tan Sri Hamad Kama Piah Che Othman said the yet-to-be-named tower which will be built by PNB at a cost of RM3 billion will not involve depositors funds.

"There is RM115 billion in investors' money but we cannot touch it as it is regulated by the Securities Commission," he said.

Hamad Kama Piah said PNB had its own funds and will look at other avenues to raise the funds needed for the project. He said the 7.2ha property earmarked for the project was purchased from Danaharta for RM310 million.

"We want to preserve the heritage value of the two stadiums so Warisan Merdeka will incorporate these two icons," he said, referring to Stadium Negara and Stadium Merdeka.

He said PNB will have 19 acres (7.7ha) to work on after excluding the stadium sites.

To be built in three phases, Warisan Merdeka project will cost RM5 billion. The mixed development will include office blocks, retail outlets, a hotel and high-end condominiums.

The tower with a three million sq ft gross built-up area will also take on a green theme with eco-friendly features from building material to fixtures.

"It will be a five-star green building. The tower can take in 10,000 people while the project itself will provide 5,000 jobs," he said, adding that the venture will be taken up by PNB Merdeka Ventures Bhd.

On the design of the tower, he said there was a basic design but it must blend in with the stadiums to take on a heritage theme.

He could not say if surrounding buildings will be sacrificed for the project as it was outside his jurisdiction, but dismissed that iconic schools in the vicinity will have to make way for the mega traffic dispersal system, including a light rapid transit system which will be part of the supporting infrastructure for the project.

He added that the project was still being fine-tuned and PNB was talking with various parties. "We want to learn from others and don’t want to have problems," he said.

Meanwhile, asked to confirm reports that Dubai-based Deyaar were in talks with PNB, senior vice-president and property division head Ibrahim Awang said there were talks with several parties.

Hamad Kama Piah added that foreign investors will be brought in if the need arose.

oh wow cant wait for the first designs

if u support this project,please like http://www.facebook.com/pages/Kami-Sokong-Menara-Warisan/155277824508918..to show your support,tq

Warisan Merdeka – a beacon to PNB’s future
By ANGIE NG Saturday October 23, 2010

The 100-storey 5-star green building is set to attract more interest to the whole development.

BACK in 2000 when Permodalan Nasional Bhd (PNB) was presented the opportunity to buy the 14.5ha where Stadium Merdeka and Stadium Negara are located, it had decided to retain the heritage value of this priceless asset while looking for opportunities to develop the surrounding area.

A decade later, PNB is doing precisely that.

PNB paid RM310mil or RM220 per sq ft to buy the land from Pengurusan Danaharta Nasional Bhd. The market value of the land has since appreciated to RM800 per sq ft today.

At a special briefing for media editors on Wednesday, PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman disclosed that the heritage aspect has been fulfilled through conservation works to restore the heritage characteristics of Stadium Merdeka and Stadium Negara. The two stadiums are now being managed by a heritage trust.

Both the stadiums are occupying 6.8ha, which have been identified as a national heritage site.

Hamad says the overall Warisan Merdeka development on the remaining 7.7ha will complement and blend with the heritage theme. He is optimistic that together with the restored stadiums, the site will be another major landmark in Kuala Lumpur.

“We are looking at ways on how to integrate the building aspects of the stadiums with the planning of the overall development of Warisan Merdeka. The heritage part will not be sacrificed and will actually serve as the enhancement factor to the commercial aspects of the building. The heritage preservation of the stadiums will be undertaken by the heritage trust,” he explains.

Construction work on the 100-storey Warisan Merdeka tower will kick off next year.

Touted to be the country’s tallest when it is completed in 2015, the building will cost RM2.5bil to RM3bil. It will have gross floor space of 3 million sq ft and 2.2 million sq ft of net floor space.

Hamad says the five-star green building will be the “beacon” to create more excitement and attract more interest to the whole development.

This will be followed by two subsequent phases comprising a shopping complex and condominiums. The whole development, to be undertaken over a 10 year period, will cost RM5bil.

On the rationale for mooting the project, Hamad says: “Since the plan to develop the land was approved by the PNB board in 2004, we were waiting for the right time to proceed with the project.

“The concept of 100-storey building, its retail portion and the condominium was mooted in early 2004 taking into account the need for enhancement of value and effective utilisation of the 19-acre land adjacent to Stadium Merdeka and Stadium Negara. In 2005, the master plan was approved by the municipal authorities followed by final titles being issued in 2008. The principle concept of PNB Iconic Building was then approved in 2009.”

He says that having held the land for so long, “we feel it is now the right time to go ahead. The Government is also promoting this type of development.”

Hamad stresses that most importantly, by initiating the Warisan Merdeka project, PNB is taking the lead to preserve the historical value of Stadium Merdeka as the site for the country’s declaration of independence back in 1957.

Emphasising that PNB is not looking to compete with anybody when it decided to put up a 100-storey tower as part of the Warisan Merdeka development, he says it will make more economic sense to build the high-rise tower than lower rise buildings.

He says as a state investment agency, PNB’s main concern is to maximise return for its stakeholders. “Each year, PNB declares income distribution of 6% to 7% to unitholders. The project with expected yields of between 8% and 10% will be able to meet our responsibility as an investment agency.”

Meanwhile, the new tower will be able to meet PNB’s need for new office space in line with its strategic positioning for the future.

Hamad says PNB will be moving out from its present headquarters, Menara PNB, which will be 30 years old when the tower project is completed, to the Warisan Merdeka tower upon its completion.

PNB has set up wholly-owned unit, PNB Merdeka Ventures Sdn Bhd to undertake the project. Helming it since early this year is Tengku Abdul Aziz Tengku Mahmud who was formerly from Guthrie Property Development Holding Bhd and Sime Darby Property Bhd.

So, will Warisan Merdeka be an iconic project and will there be foreign expertise involved such as the like of world renowned architect Cesar Pelli who designed the Petronas Twin Towers?

Hamad says the project design plans are still in the drawing board.

“We are in talks with several parties comprising experts from the relevant fields. We are exploring the possibilities of creating a strong architectural and engineering team for the project,” he adds.

With its latest venture, PNB is certainly thrusting ahead with its plans to build up its presence in the local property scene.

Source: http://biz.thestar.com.my/news/story.asp?file=/2010/10/23/business/7276793&sec=business

I hope they get a good design. Not some generic glassy tower we see a lot, but something that will really compliment the Petronas

i hope for a futuristic unique modern tower. That would be the perfect contrust to the Petronas Towers

The plot is not very big for such a tall proposal.

Finally after 10 years a tower that is taller than Petrols towers in Kuala Lumpor ^^
Although I really liked them :bash:
But still congratulations for Kuala Lumpor
__________________
http://2.s04.flagcounter.com/count/3DIf/bg=FFFFFF/txt=FFFFFF/border=FFFFFF/columns=1/maxflags=1/viewers=3/labels=0/.jpg

Warisan Merdeka good for sector: CIDB
Published: 2010/10/31
http://www.btimes.com.my/Current_News/BTIMES/articles/20101031192115/Article/index_html

Construction Industry Development Board (CIDB) Malaysia has lauded the Warisan Merdeka project which it said will augur well for the construction industry.

Its chief executive, Datuk Hamzah Hasan, said the project was good and would upskill the industry.

"In most (of the) tallest buildings here, the structural steel is done by Malaysians. So nothing much that we cannot do," he said at a recent media luncheon.

The RM5 billion 100-storey Warisan Merdeka project, located within the enclave of Merdeka Stadium and Stadium Negara, will be developed by Permodalan Nasional Bhd.

The project, announced during the recent 2011 Budget, is expected to start next year for completion in 2015.

On the impact of the Economic Transformation Programme projects and that of the 10th Malaysia Plan (10MP) on the industry, Hamzah said the projects under the 10MP were in a good spread.

He said the construction industry would be supporting all sectors under the 10MP as its growth has been running parallel with the country's gross domestic product (GDP).

"As the country's GDP is anticipated at six per cent annually, the construction sector would need to grow by at least by 3.7 per cent to be in line with the country's growth," he said.

To achieve it, he said, the industry would need projects worth RM77.4 billion in 2010 and RM80.3 billion in 2011.

However, the industry was expected to go beyond the growth target as it had been growing at 5.8 per cent in 2009, he said.

"The target is achievable. In fact, in the first quarter of this year, growth has been at 8.7 per cent and 5.9 per cent in the second quarter," he said. -- Bernama

hopefully something like this
http://www.skyscrapercity.com/showthread.php?t=1236623

This is great news. About how far from the existing core of skyscrapers will this be?

KUALA LUMPUR | Projects & Construction (http://www.skyscrapercity.com/showthread.php?t=334712&page=75)
MONT'KIARA | Projects & Construction (http://www.skyscrapercity.com/showthread.php?t=522048&page=17)
KL Sentral (http://www.skyscrapercity.com/showthread.php?t=484402&page=15&highlight=sentral)
Mid Valley City (http://www.skyscrapercity.com/showthread.php?t=425225&page=11&highlight=mid+valley)
Pantai Dalam/Kampung Kerinchi (http://www.skyscrapercity.com/showpost.php?p=65442087&postcount=112)
Bangsar/Damansara Town Centre (http://www.skyscrapercity.com/showpost.php?p=65441603&postcount=111)

http://img813.imageshack.us/img813/1566/66576344.jpg

http://img294.imageshack.us/img294/1097/82035199.jpg

Thanks. This will be great!

seeing this pictures i remember my trip to KL, i really should go there again when this building is finished haha xP

Will this building be taller then the Petronas Towers?

Will this building be taller then the Petronas Towers?

yes, the spire of the petronas towers is at 451.9m

525-550m....

http://www.skyscrapercity.com/showthread.php?t=1236623

Eversendai keen to bid for PNB tower job
By Presenna Nambiar Published: 2010/11/08
http://www.btimes.com.my/Current_News/BTIMES/articles/pdak1/Article/index_html

STRUCTURAL steel company Eversendai Corp Bhd is interested in bidding for the steel structural job for the 100-storey tower planned by Permodalan Nasional Bhd.

The 525m tower will cost PNB about RM2.5 billion.

"Yes, that is one project that I am having my eye on...," Eversendai founder Datuk A.K. Nathan told Business Times recently.

Eversendai has built steel structures for a number of landmark buildings around the world, namely Burj Khalifa, a 828m tall structure, Burj Al-Arab Hotel, Dubai Mall, and Tower 2 of the Petronas Twin Towers.

When asked if he had approached PNB regarding the job, Nathan said he was currently "strategising".

"I can get most contracts without much difficulty, but in Malaysia, it is a different ball game altogether. I need to do a lot of strategising and ... it's got a unique way of doing business," he said.

Despite being a Malaysian company, most of Eversendai lucrative contracts are from overseas.

About 95 per cent of its revenue is from overseas, with a majority of it coming from the Gulf region.

Its RM65 million job to build a warehouse for PKT Logistics (M) Sdn Bhd secured in April is its first in "some time".

"Jobs (in Malaysia) have been few and far. I am more well recognised overseas than in Malaysia, that's the sad part," Nathan said.

That will soon change though, as the company looks to "take the right approach to penetrate the Malaysian market".

"I foresee that eventually, Eversendai will be able to do some decent business in Malaysia," Nathan said.

The year 2011 will be a year of growing new markets for Eversendai, as it moves in a big way into India, with the setting up of a 30,000 tonne a year fabrication plant there.

The company is currently scouting for a location for it. It is to be up and running a year from now.

Eversendai already has fabrication plants with a capacity of 120,000 tonnes a year in the Gulf region.

"Next year will be about Singapore in a small way, beyond that will be the North African region which has a lot of potential," Nathan said.

Eversendai is looking at new developing markets in the Middle East.

India, which does not contribute much to revenue now, is expected to make up 30 per cent of its revenue in 2011.

While Eversendai did see a slowdown in work in the first three months of 2010, things have picked up since then, and production is back at round the clock.

Nathan is expecting 2010 to end much better than its performance in 2009. No figures were revealed.

Rally behind Greater KL
WANI MUTHIAH, ELAN PERUMAL and A.RUBAN at the Selangor State Assembly
Wednesday November 10, 2010
http://thestar.com.my/metro/story.asp?file=/2010/11/10/central/7396039&sec=central

THE Selangor State Assembly was told yesterday that the state government supported the Federal Government’s Greater KL plan.

Mentri Besar Tan Sri Khalid Ibrahim said he supported the plan because it would be a catalyst in stoking economic growth not only in Selangor but for Malaysia.

He said the plan would also increase the country’s gross domestic product (GDP) and employment opportunities.

He said the Greater KL plan would attract more offices and businesses to set up operations in the Klang Valley.

Khalid, who was responding to Dr Shafie Abu Bakar’s (PAS-Bangi) question on the state government’s stand on the Greater KL plan, added that the plan should be accepted due to these factors.

According to Khalid, the plan’s top-notch development would pave the way for big investments.

Later at a press conference, when asked if he also supported the construction of Permodalan Nasional Berhad’s (PNB) 100-storey Warisan Merdeka tower, Khalid said such a big project should be debated on first.

“I will only support it for the development of the Klang Valley.

“I will not accept it if it is just for the sake of building the tower,” he said.

Khalid added there ought to be a very good reason why a skyscraper was needed at the selected location.

PNB should provide figures such as occupancy rate forecast and office space marketing plans ready,” he said.

[Khalid said the Selangor government had also agreed to work hand-in-hand with the Federal Government to implement and realise the Greater KL plan.

He said both he and the state secretary were on the Performance Management and Delivery Unit committee on the plan.

Khalid said the plan would be explained to the people in Selangor through discussion sessions.

He also clarified reports earlier in the day quoting him as saying that he supported the building.

The Warisan Merdeka project is scheduled to be built next to Stadium Negara and Stadium Merdeka in Kuala Lumpur.

http://www.nst.com.my/articles/KL_9_br_10-yearplantomakecitythebestplacetolivein/single

http://farm5.static.flickr.com/4049/5163275517_ce5a0670f7_b.jpg

PETALING JAYA: Developers and property consultants have urged the Government to commission extensive and in-depth feasibility and market studies on the proposed 100-storey Warisan Merdeka to gauge its cost-benefit and potential impact on the property market before proceeding with the project.

biggest high five on the planet

from malaysia forum
Melbourne firm for tower
Philip Hopkins
November 24, 2010
MELBOURNE architectural firm Fender Katsalidis has won a design tender in Malaysia for what will be the world's second-tallest tower.

The tower, which will be more than 580 metres high and have more than 100 storeys, will be surpassed only by the Burj Khalifa tower in Dubai, which at 828 metres is still by far the tallest building in the world.

The new structure will be built in Kuala Lumpur, surpassing also Malaysia's current highest building, the Petronas Towers, which are 452 metres tall.

Advertisement: Story continues below
The cost of the new tower has not been finalised, and detailed drawings are not yet available.

Fender Katsalidis director Karl Fender told The Age it would be a crystalline building with a shape inspired by Islamic patterning.

Mr Fender said that Malaysian Prime Minister Najib Tun Razak recently announced the winning tender in Parliament. 'It has become an election topic over there, but the tower will go ahead if the Prime Minister is re-elected,'' he said.

In the interim, Mr Fender will visit New York this week for negotiations with building consultants including Leslie Robertson, one of the chief structural engineers of the World Trade Centre, which was destroyed in the September 11, 2001, terrorist attacks.

''For a building like that that [in Kuala Lumpur], you can't mess around. You must have consultants with the most most appropriate experience,'' he said. Talks with experts on mechanical electrical plumbing would also be held.

Mr Fender said the developers were aiming for the highest level of sustainability.

''It's another example of an Australian firm being selected because they were in the region - not America or Europe - and therefore accessible, and with the appropriate experience - the Eureka Tower,'' he said.

source: sydney morning herald

however i seriously doubt @ 580 m this would be the 2nd tallest in the world. Give it a year or two, China would def. have upped the ante.

Source: http://www.smh.com.au/business/melbourne-firm-for-tower-20101123-185pm.html

The tower, which will be more than 580 metres high and have more than 100 storeys, will be surpassed only by the Burj Khalifa tower in Dubai, which at 828 metres is still by far the tallest building in the world.

And a few other towers ^^^ :p

And may possible be 'only' half the height of the new proposed tower for Jedaah
But still!!! this will be an EPIC building, THE WORLDS BIGGEST HIGH FIVE!!!

THE WORLDS BIGGEST HIGH FIVE!!!

thats what i said haha

renders?

renders?

The rendering is still not out yet..however it will be posted here once the official rendering is available. Stay tuned :)

Source:http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_608875.html

Nov 30, 2010
Najib defends 100-storey KL tower

KUALA LUMPUR - MALAYSIA'S prime minister has defended a plan to construct a US$1.6 billion (S$2.1 billion), 100-story tower in Kuala Lumpur, saying it will contribute to long-term development of the city.

However, Premier Najib Razak says the project's owners must first ensure the building is 'financially viable' and will provide economic opportunities.

Mr Najib told reporters on Tuesday that 'it is a long-term project for 10 years and beyond, not for one or two years.'

Critics have slammed the privately financed project in downtown Kuala Lumpur as an unnecessary extravagance at a time of belt-tightening and rising prices.

Even former Prime Minister Mahathir Mohamad, who presided over several massive infrastructure projects during his time in office, has been critical. -- AP

http://www.skyscrapercity.com/showthread.php?p=68122105#post68122105

soil testing start already...
another great news..one more 100++ storey to be build by naza..
http://i763.photobucket.com/albums/xx276/afiqnadzir/1.jpg

Hopefully it will get built, KL is a beautiful city and this tower could be just the perfect pearl in its crown. :)

soil testing start already...
another great news..one more 100++ storey to be build by naza..
http://i763.photobucket.com/albums/xx276/afiqnadzir/1.jpg

wow KL might be booming soon

some of my project study-to design tallest buiding in malaysia(AKA,pnb marisan merdeka)
http://www.skyscrapercity.com/showth...5#post68122105

some of my project study-to design tallest buiding in malaysia(AKA,pnb marisan merdeka)
http://www.skyscrapercity.com/showth...5#post68122105

that is no full link

that is no full link

http://www.skyscrapercity.com/showthread.php?t=1236623

Indicators positive for Malaysia’s economy
By SHARIDAN M. ALI Tuesday March 8, 2011
http://biz.thestar.com.my/news/story.asp?file=/2011/3/8/business/8208631&sec=business#12995595963191&if_height=580

Strong growth in stock market and rally in commodity prices

KUALA LUMPUR: Strong growth in the stock market and the rally in commodity prices should augur well for the country's economy this year, said Asian Strategy and Leadership Institute (Asli) chief executive officer and director Datuk Michael Yeoh.

He said the country's gross domestic product was expected to grow at 6% due to the prices of crude palm oil and rubber as well as the recovery in the export sector.

“More important, Bursa Malaysia is showing strong, resilient growth where it has crossed historical highs in January. This could create a wealth effect on the economy.

“The bourse slid in February possibly due a short-term external impact and the crisis in the Middle East.

“Driven by strong domestic consumption, commodities export and increase in foreign participation, there's a strong possibility that we could reach the 1,700-point level by year-end. Also by year-end, it's not impossible that foreign investors' participation in our local stock market will increase to between 30% and 40% from the current 25%,” he told reporters on the sidelines of the Greater KL: smart city of the future conference organised by Asli and IBM yesterday.

But the more worrisome factor would be the level of inflation which was brought on by the increase in oil, transport and food prices.

“Inflation will likely grow more than the current level of 3% this year,” he said.

Yeoh stressed that if oil prices remained above US$100 per barrel for more than three months, the Government might have to consider increasing the consumer oil price.

“This is despite its commitment to retain RON 95 at the current price. But, if the Government does not want to increase the level of oil subsidy, it will have to increase the oil price,” he said.

Yeoh said the current high oil prices could be temporary due to the crisis in Libya and the Middle East.

“There's a posibility that prices will drop if the crisis is resolved,” he said.

On Greater KL, Yeoh said the projects planned were comprehensive but he hoped the Government would conduct more regular open dialogues with the stakeholders for transparency.

“The stakeholders, the public and business community, must know the process of implementing these projects for greater transparency. People should know what is in store for them arising from these projects as their input could help enhance the implementation of these projects,” he said.

It is reported that an estimated RM172bil would be required over the next 10 years to ensure the success of Greater KL to make it one of the top 20 cities in the world.

The Greater KL project included the 100-storey Warisan Merdeka, Kuala Lumpur International Financial District, mass rapid transit system as well as revitalisation of rivers and waterfront in Selangor.

IBM Singapore Pte Ltd director (government & education, healthcare & life sciences and growth market unit) Madhav Ragam said the time was right for Malaysia to move towards Greater KL as it could learn from others' knowledge and experiences in growing a city.

“IBM has been part of this development elsewhere and is looking forward to its participation in Greater KL here,” he said.

Speakers give views on KL smart city
2011/03/09 Reports by Noel Achariam
http://www.nst.com.my/nst/articles/4att/Article/

KUALA LUMPUR: How would building iconic projects benefit Kuala Lumpur in its journey to become a world class metropolis?

This was one of the key discussions at the Greater KL Smart City of the Future conference held in Kuala Lumpur recently.

Under the Greater KL initiative is the building of the 100-storey Warisan Merdeka by PNB, the development of the Kuala Lumpur International Financial District, the proposed Kajang-Sungai Buloh mass rapid transit (MRT) line as well as the revitalisation of rivers and waterfronts. These projects have generated a lot of interest and brickbats.

Datuk Eddy Chen of Metrokajang Group, who was moderating at the conference, said he backed the Warisan Merdeka project.

"I'm all for the Warisan Merdeka project. A lot of people had objected to the building of KLCC Petronas Twin Towers but today it is an icon not only for the city, but it is recognised all over the world.

"Those who objected are now bringing their family, friends and visitors to shop, dine and even to relax at the park there."

Chen added that if the project kicks off, the government should look into upgrading the surrounding environment, too.

"There are low-cost flats and a cemetery there. These places should be upgraded too. We don't want the tenants looking at a dilapidated environment," he said.

Speaker Ho Chin Soon, managing director of Ho Chin Soon Reserach Sdn Bhd, said some quarters feared that the building would not enjoy full occupancy.

"Where there is supply, there will be demand. In the long run, it will take care of itself," he said.

Ho said Warisan Merdeka must be connected by MRT and an integrated public transport.

"There must be a MRT line running through here and the Warisan Merdeka should be linked to Bukit Bintang. The place needs to be accessible for the business community and the public," he said.

Zerin Properties chief executive officer Previndran Singhe said when the Petronas Twin Towers was completed in 1998, KL became an "Alpha" city like New York and Hong Kong.

"What the Alpha cities share are iconic buildings and KL has its fair share of them. For example, there is the Sultan Abdul Samad building, Petronas Twin Towers, Menara Maybank and Dayabumi.

"Every time we have an iconic building, it takes our city to greater heights. KL needs a growth impetus and having an iconic building like the Warisan Merdeka will enhance this," he said.

Previndran said the Warisan Merdeka doesn't have to be a complete business building.

He said 25 storeys could be for business, 25 storeys turned into a hotel, 25 storeys for retail and another 25 stories for residential use.

Previndran said the Greater KL plan is good, but they should all strive for a greater planned KL.

Another hotly discussed topic was the "Urban Connectivity-MRT and High Speed Rail Links: Moving Forward".

The speakers generally agreed that building of a MRT system will enhance the intra-city connectivity while plans for high-speed rail links to Singapore will accelerate regional connectivity.

Mag Technical and Development Consultants Sdn Bhd director Goh Bok Yen said the whole undertaking of the MRT project in the Greater KL plan must be interconnected strategically.

"We must have the MRT at the right place, time and location. We have heard residents protesting against the line running through their neighbourhoods and some have asked to incorporate buses in their area.

"This might be the voices of the affluent but what about the low-income earners who want the line in their areas? There are also residents who are calling for the line to run underground in certain areas.

"Where there is demand, they should put the lines there. They should also look into areas that are densely populated. We also have to look at strategic locations.

"For example, the area around Plaza Phoenix in Cheras is densely populated and an MRT station there will be useful for the residents. The authorities have to get the projection right. If not, there will be complications in the future," he said.

Goh also said that the MRT will not work if there is no proper feeder service and park and ride facilities at the stations.

"The MRT, buses and taxis must come together or the system will not work," he said.

Public Land Transport Commission chief development officer Azmi Abdul Aziz said that he will look into the issue of some parties wanting the MRT line to run underground.

"If we can, we would like to emulate other cities and run the MRT underground. However, in optimising costs, we need to look at the areas where we can implement the elevated and underground lines."

Conference participant, KL police chief Datuk Zulkifli Abdullah, said that security is another vital element of the development of a Greater KL.

"Security has always been an afterthought in previous developments. It is important for the police to participate and give their input on any security issues that is related to development. What is important is having a liveable city which is safe for everyone," he said.

All the issues discussed at the conference will be submitted to Performance Management Delivery Unit.

New 51km Klang Valley MRT Project
CLICK TO ENLARGE http://www.kvmrt.com.my/media/pdm/MapKVMRT-B_opt.jpg

http://upislam.com/images/69108415515667665686.jpg

@ Merdeka MRT Station

http://upislam.com/images/31113644184263552530.jpg

4zuXp0iP8vU
http://farm6.static.flickr.com/5178/5522469515_050ec7f351_b.jpg
http://www.flickr.com/photos/48775455@N07/5522469515/
http://farm6.static.flickr.com/5099/5523059742_d9b774c290_b.jpg
http://www.flickr.com/photos/48775455@N07/5523059742/

Is that site prep going on?

bad location! this supertall tower should be located in a densely-populated building area, maybe around KLCC or Golden Triangle area, just look at TM Tower, it is very tall but surrounded by what? nothing! so that tower looks stupid.

Design Work On Warisan Merdeka To Be Complete By Year End
August 19, 2011 21:45 PM
http://www.bernama.com/bernama/v5/newsindex.php?id=609297

KUALA LUMPUR, Aug 19 (Bernama) -- The design works for the 100-storey Menara Warisan Merdeka is expected to be completed by end of this year, says Permodalan Nasional Bhd.

PNB President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman said discussions on the design for the landmark project had taken a long time as they had taken a comprehensive view of the project.

"We have to see not only in terms of a 100-storey building but also the entire infrastructure, the roads and utilities," he told reporters following the announcement of dividend for the Amanah Saham Wawasan 2020 trust fund, here.

The integrated development project, worth RM5 billion and to be built by PNB, will be located close to the Stadium Merdeka and Stadium Negara in the city.

Its completion is expected in 2015.

The plan for the project, to be developed over three phases, was announced during the 2011 Budget presentation by Prime Minister Datuk Seri Najib Tun Razak last year.

-- BERNAMA

Great news. Where in relation is this to the Petronas Towers?

>>
LOCATION:

http://www.picamatic.com/show/2009/09/12/12/33/5056832_1024x683.JPG

http://img294.imageshack.us/img294/1097/82035199.jpg

i dont like the location too..but its still ok if they can totally developed that area like klcc,

bad location! this supertall tower should be located in a densely-populated building area, maybe around KLCC or Golden Triangle area, just look at TM Tower, it is very tall but surrounded by what? nothing! so that tower looks stupid.

I think the idea is that things will start to develop in the area surrounding where the tower will be. Like some of the articles said, it's a long-term plan.

i preferred the hand idea over the current design :D

No such current design from now on because still no real proposed design for site yet..the designs you see are just forummers personal vision design only..btw MELBOURNE architectural firm Fender Katsalidis was selected for the project!

Melbourne firm reaches for the towering skies
Philip Hopkins November 24, 2010
http://www.theage.com.au/business/property/melbourne-firm-reaches-for-the-towering-skies-20101123-185pm.html

MELBOURNE architectural firm Fender Katsalidis has won a design tender in Malaysia.

The tower, which will be more than 580 metres high and have more than 100 storeys.

The new structure will be built in Kuala Lumpur, surpassing also Malaysia's current highest building, the Petronas Towers, which are 452 metres tall.

The cost of the new tower has not been finalised, and detailed drawings are not yet available.

Fender Katsalidis director Karl Fender told The Age it would be a crystalline building with a shape inspired by Islamic patterning.

Mr Fender said that Malaysian Prime Minister Najib Tun Razak recently announced the winning tender in Parliament. 'It has become an election topic over there, but the tower will go ahead if the Prime Minister is re-elected,'' he said.

In the interim, Mr Fender will visit New York this week for negotiations with building consultants including Leslie Robertson, one of the chief structural engineers of the World Trade Centre, which was destroyed in the September 11, 2001, terrorist attacks.

''For a building like that that [in Kuala Lumpur], you can't mess around. You must have consultants with the most most appropriate experience,'' he said. Talks with experts on mechanical electrical plumbing would also be held.

Mr Fender said the developers were aiming for the highest level of sustainability.

''It's another example of an Australian firm being selected because they were in the region (Asia Pacific) - not America or Europe - and therefore accessible, and with the appropriate experience - the Eureka Tower,'' he said.

Eureka Tower, Melbourne
http://farm7.static.flickr.com/6142/6028226741_f1bb0941b0.jpg
http://www.flickr.com/photos/66179972@N07/6028226741/

580 meters? DAYUM!

oh wow height increase, amazing

I know. Now it's the same height Shanghai Tower was originally to be ^.^

love this project..hope it will pass all the obstacle..-just my idea.
http://i763.photobucket.com/albums/xx276/afiqnadzir/warisanmerdeka.jpg

^^It needs to be taller if the Kuala Lumper Tower comes in at 421m to tip of spire. Not bad on the perspective though.

No such current design from now on because still no real proposed design for site yet..the designs you see are just forummers personal vision design only..btw MELBOURNE architectural firm Fender Katsalidis was selected for the project!

Umm, I hope the tower in KL does not end up like anything that is built in Australia. Petronas Towers is one of the best supertalls in the world. This is something that this Aussie firm needs to keep in mind. Keep it cultural, modern and classy. Not something stupid in the name of 'art', something us Australians have a big tendency of doing.

after looking fender katsalidis proposed design for petrovietnam tower, i'm afraid that warisan merdeka tower will look aweful. hope that he will design something iconic to overshadow petronas towers.

PNB: Work on RM5b tower project starts mid-2012
Kamarul Yunus Published: 2011/12/20
http://www.btimes.com.my/Current_News/BTIMES/articles/waras/Article/

PERMODALAN Nasional Bhd (PNB) expects to start ground works on the proposed 100-storey Menara Warisan Merdeka project by the middle of next year.

Its president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said PNB has already submitted plans, including design and concept for approval to the Kuala Lumpur City Hall recently.

"We hope to receive the approval soon and will make an announcement accordingly," he told reporters after a media briefing to announce the income distribution for its Amanah Saham Bumiputera scheme for financial year ended December 31 2011 here yesterday.

He said this when was asked to provide update on the mega project.

"Usually, it takes several months for the approvals from the City Hall. We will give ample time to City Hall to evaluate thoroughly to avoid any problems in future.

"(But) by the middle of next year, we think we can carry out several groundworks and others on the project," he said.

Earlier reports said that PNB will be undertaking the RM5 billion Warisan Merdeka development over three phases in 10 years, starting with the 100-storey tower this year.

It was reported that the development will also have a shopping complex and condominium.

The tower - touted to be the country's tallest - will cost RM2.5 billion to RM3 billion and will have gross floor space of three million sq ft and 2.2 million sq ft of net floor space.

It is scheduled to be completed in 2015.

It was also reported that PNB had set up wholly-owned unit PNB Merdeka Ventures Sdn Bhd to undertake the project.

Tengku Abdul Aziz Tengku Mahmud, formerly from Guthrie Property Development Holding Bhd and Sime Darby Property Bhd, heads the company now.

Apart from the Warisan project site, PNB's other property portfolio includes Menara PNB, PNB Darby Park, Kenanga International Building, Bangunan MAS in Kuala Lumpur, Hotel Perdana in Kota Baru and PNB Ilham Resort in Port Dickson, Negri Sembilan.

Commenting on the uncertainty of the global economy next year, Hamad Kama Piah said PNB has its own strategy to face the challenges in the global arena.

"We have been facing uncertainties almost now and then. The issue of US economy, the issue of Europe, we just cannot say it is a small thing. It is something big in the world.

"So far, we have done our best because in terms of strategy, we as a long-term player have to make sure that we are creating growth for the future.

"Our strategy is always creating value, while more or less every year we pay dividend. This is the basic principle of investing," he said.

bad location! this supertall tower should be located in a densely-populated building area, maybe around KLCC or Golden Triangle area, just look at TM Tower, it is very tall but surrounded by what? nothing! so that tower looks stupid.

IMO, I like the location of TM Tower. With its unique design, it dominates the area around Bangsar, making it noticable. If it were crammed around KLCC its awesome design wouldn't be noticed that much. :)

Great news :cheers:

I was wondering why Plaza Rakyat with 382m still on hold. Malaysia government need do something with it.

I was wondering why Plaza Rakyat with 382m still on hold. Malaysia government need do something with it.

Yeh, plaza rakyat is on hold since i am interested on Skyscrapers....and that's a quite long time already.

latest news is the tower gonna be 545 meters at roof level, plus telecom pole on top will be about 613 meters high.. construction may start 2nd half 2012 but subject to change of government in Malaysia (General Election early next year and the Opposition hates this "wasteful" tower.. the same ruling party has been ruling the country for more than half a century though..)

latest news is the tower gonna be 545 meters at roof level, plus telecom pole on top will be about 613 meters high.. construction may start 2nd half 2012 but subject to change of government in Malaysia (General Election early next year and the Opposition hates this "wasteful" tower.. the same ruling party has been ruling the country for more than half a century though..)

wow this sounds amazing, could you provide a source for it though? :banana:

^^ sorry, it was an inside guy who leaked the info, so no news in papers/notice etc.. as I said unfortunately this project is a very sensitive issue in Malaysian politics.. they have to keep this one low profile.. :)

I really hope it get's build :)

^^ hope so too :)

more info- the tower will have 118 floors, the final design has been submitted to the KL City Hall, now pending approval and order of development.. piling may start some time next year..

http://img508.imageshack.us/img508/2203/95203614.jpg

^^ It is always so iritating when they start construction of another 500+ without even showing the design ;)

I've seen that before (one57 for example). Looks like they are preparing the site.

Warisan Merdeka have 'Ship' at the roof..haha

Warisan Merdeka have 'Ship' at the roof..haha

its not a real rendering..

This Morning

Malaysia has begun earthworks for its first proposed and rumoured 118-storey tower in KL that will easily surpass the Twin Towers.

All other details are top secret as of now, but we know the developer-owner is Permodalan Nasional Bhd, a state asset management company with 200 billion ringgit (US$62.5b) in total assets. PNB is a major shareholder of many big companies here such as Maybank Group and its overseas real estate portfolio includes Santos Place in Brisbane and Milton & Shire Building in London. When first announced in Oct 2010, the project was hammered by the general public and most Malaysians want it to stop, but too bad... :ohno:



Project Name: Warisan Merdeka/The Heritage of Independence (tentative name)
Winning Lead Architect: Fender Katsilidis (Melbourne)
Stage: Evaluation of Piling Work Tenders
Development: The mixed commercial tower, redevelopment of two stadiums into open park and cultural precinct, serviced apartments blocks, hotels and a large high-end shopping mall.

actual site
http://farm8.static.flickr.com/7159/6721602999_082c7047ed_b.jpg


http://farm8.static.flickr.com/7163/6720962521_93d804b04e_b.jpg

http://farm8.static.flickr.com/7162/6720961881_e390e4e840_b.jpg

this thread should be change to prep

http://farm8.staticflickr.com/7174/6815085873_fd0a04dedb_b.jpg (http://www.flickr.com/photos/dograexposures/6815085873/)
KL _DSC2632 (http://www.flickr.com/photos/dograexposures/6815085873/) by DograExposures (http://www.flickr.com/people/dograexposures/), on Flickr

this thread should be changed to prep

yes i have sent the request :cheers:

^^
thanks :)

Just visited the site. Seems to hv more activites than usual. Couldnt take much photos as security was pretty tight:

http://i346.photobucket.com/albums/p436/darrenyeo/baa497c5.jpg

Wont be surprised they will officially announce this project soon. Will try to go behind the site shortly

from malaysian forum.

All land seems to be leveled and filled. Here taken from Chin Woo:
http://i346.photobucket.com/albums/p436/darrenyeo/861d906a.jpg

http://i346.photobucket.com/albums/p436/darrenyeo/47d0878a.jpg

Never knew it is that close to Chin Woo.
http://i346.photobucket.com/albums/p436/darrenyeo/eb6c5fba.jpg

For those who are as curious as I am, this is Chin Woo. Such architecture must be preserved and could be part of the revitalize project. I'm sure such an old association building comes with full of history
http://i346.photobucket.com/albums/p436/darrenyeo/385c9584.jpg

..

Anyone know when the renders will be released? It's great to see that it's getting closer to construction but I want renders! This is more frustrating then the lack of renders for 432 Park Avenue :lol:

^^ I think they're trying to delay the street protests against this project until it's already too late :lol:.. locals don't want this tower to get built..

Agree. Over 500m tower almost U/C and no information available about it. Even Kingdom tower and mentioned 432 are less secretive :(

so what's the final design now? :cheers:

so what's the final design now? :cheers:

the final design still not released yet. i think we need to wait until the end of the year to see the design. below is some renders from the malaysian forum.

http://www.freeimagehosting.net/newuploads/68e29.jpghttp://www.freeimagehosting.net/newuploads/ea89e.jpg

^^

oh wow these renderings are a very good teaser. i like the style of shape. it's very rough :cheers: if now the cladding and design is right it may even be as good as the hand :)

That looks great so far :cheers: The architects are really good as well so hopefully this will be something special enough to persuade the people against it! :lol:

Ok now I have two questions:

1. Is this drawing serious? Isn't it just some forumer vision idea?
2. So who is the architect of this thing? The person above me says they're good so I just wonder who they are.

I must say this teaser looks really good, but I would like to know if this is anyhow serious.

im on the other forum searching for some information. i bump some stuff i find, but they don't seem to sources much at all

found this...:)
http://i1098.photobucket.com/albums/g371/Afiq_Nadzir/394553_2456077758303_1142858661_32058417_1295279797_n.jpg

someone said this gonna be design for warisan merdeka..
http://img542.imageshack.us/img542/9474/ea89e.jpg

no idea where guy4versa got the stuff and if it is in any way real stuff.

Ok now I have two questions:

1. Is this drawing serious? Isn't it just some forumer vision idea?
2. So who is the architect of this thing? The person above me says they're good so I just wonder who they are.

I must say this teaser looks really good, but I would like to know if this is anyhow serious.

that's actually real renders but sketches only. the architects is fender katsalidis.

im on the other forum searching for some information. i bump some stuff i find, but they don't seem to sources much at all





no idea where guy4versa got the stuff and if it is in any way real stuff.

the first picture above is not warisan merdeka. it's confirmed.

im on the other forum searching for some information. i bump some stuff i find, but they don't seem to sources much at all


no idea where guy4versa got the stuff and if it is in any way real stuff.

^^ I remember this being commented as some amateur drawing some time ago in Malaysian section, although it doesn't look amateur at all.

that's actually real renders but sketches only. the architects is fender katsalidis.

I can see those are sketches. What I asked was if those sketches represent actual design which is going to be used in this project or if it's just someones not related idea. Can someone answer that?

^^ according to our single available source (a fellow forumer who appears to be directly related to property sector in KL, probably working for the city hall) those sketches do represent the actual design..

Agree. Over 500m tower almost U/C and no information available about it. Even Kingdom tower and mentioned 432 are less secretive :(

you have to understand that this controversial tower will have real potential to topple the government, which is accused of over-spending (seriously).. especially when the general election is expected to be held in a few months.

^^ according to our single available source (a fellow forumer who appears to be directly related to property sector in KL, probably working for the city hall) those sketches do represent the actual design..

And that's what I wonted to know, thanks.

you have to understand that this controversial tower will have real potential to topple the government, which is accused of over-spending (seriously).. especially when the general election is expected to be held in a few months.

But it has been reported many times that it will be 500m tower. So i really don't get what difference does that make if they show the design at this point or not.

^^ the difference is that Malaysian media hasn't yet make a hype out of the fact that the project is still on going, and surely they will report it en masse when the design is released to the public.. the media esp newspapers have been very silent about this issue ever-since the last "outbreak", even a couple of friends of mine who are against this project were surprised when I told them the project is still on and currently undergoing preparatory works..

100-storey tower to be PNB new HQ
By Shahriman Johari and Sharen Kaur Published: 2010/10/21

The 100-storey tower that forms part of Warisan Merdeka will be the new headquarters of Permodalan Nasional Bhd (PNB) as the fund manager is already thinking about redeveloping its existing head office.

Come 2016, its main building on Jalan Tun Razak, Kuala Lumpur, will be 30 years old. It is already fully occupied by PNB and its companies.

"We have to ensure we have occupancy. We need to move to this place. It will be mainly used by us and our investee companies," group chief executive officer Tan Sri Hamad Kama Piah Che Othman said at a briefing in Kuala Lumpur yesterday.

Warisan Merdeka, a 10-year mixed-development project estimated to cost RM5 billion, will be PNB's single biggest property project to date. Its construction is set to create some 5,000 jobs.

The tower alone, of about 525 metres , makes up half of the cost. The project will be done by PNB's wholly-owned PNB Merdeka Ventures Sdn Bhd, but it is open to having partners.

It may also sell part of the 14.6ha site, but this has yet to be finalised as it also wants to have recurring income from the properties.

"We must make sure returns prevail," Hamad Kama Piah said, adding that 8-10 per cent a year would be a good rate.

More importantly, Warisan Merdeka will boost the prices of residential, office and retail properties in the Golden Triangle, especially the Jalan Hang Tuah area, Pudu and Imbi, said Zerin Properties founder and chief executive officer Previn Singhe.

Property valuers said property prices shot up when the Petronas Twin Towers was built in 1985. Some foresee Warisan Merdeka to be the next KLCC.

"We need to look at the project very objectively. New York had five tallest towers in the world at any one time and they are all doing well," Previn said.

The land price in the Golden Triangle area is currently around RM2,000 per sq ft, while the net lettable area of a top office building is about RM800 per sq ft.

But valuers who were not so bullish said the key challenge is how to deal with traffic flow.

"You must look at the project site. It is very dense and road access and public transportation is limited. If the government can improve that, then we will have a different price outlook," said a valuer who declined to be named.

This was acknowledged by Hamad Kama Piah, who stressed that PNB has consultants working on the traffic issue. The cost of improving infrastructure in the area has also been factored into the overall RM5 billion cost, he explained.

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/mopnb/Article/index_html

LOCATION:

http://www.picamatic.com/show/2009/09/12/12/33/5056832_1024x683.JPG
http://farm8.staticflickr.com/7174/6815085873_fd0a04dedb_b.jpg (http://www.flickr.com/photos/dograexposures/6815085873/)
KL _DSC2632 (http://www.flickr.com/photos/dograexposures/6815085873/) by DograExposures (http://www.flickr.com/people/dograexposures/), on Flickr
http://farm8.static.flickr.com/7163/6720962521_93d804b04e_b.jpg
http://media1.malaysiakini.com/291/9440abcfcf0d0137725b64652592660c.gif
http://farm6.staticflickr.com/5031/6927936022_7afd078a04_b.jpg (http://www.flickr.com/photos/varlamov/6927936022/)
Kuala Lumpur (http://www.flickr.com/photos/varlamov/6927936022/) by varlamov (http://www.flickr.com/people/varlamov/), on Flickr

the final design still not released yet. i think we need to wait until the end of the year to see the design. below is some renders from the malaysian forum.

http://www.freeimagehosting.net/newuploads/68e29.jpghttp://www.freeimagehosting.net/newuploads/ea89e.jpg
looks like something Gehry would design

KL should stick to the timeless designs they already have and not start building these trendy strange things that look special for 5 years and then start to become ugly...

Still no official renderings?

KL should stick to the timeless designs they already have and not start building these trendy strange things that look special for 5 years and then start to become ugly...

i agree. the architect is fender katsalidis who designed the eureka tower so i don't think we can expects something fancy and iconic :ohno:

Still no official renderings?

the renderings still not released yet.

Soon..right after current general election.....everything will be in full swing...

Boom year for construction sector
Published: 2012/04/17
http://www.btimes.com.my/Current_News/BTIMES/articles/konstruk/Article/

PROJECTS GALORE: PIB expects contracts worth up to RM20b to be awarded, making 2012 a record in terms of order flow

THE construction sector is likely to have a banner year with up to RM20 billion worth of jobs to be awarded.

Public Investment Bank Bhd (PIB) believes 2012 could easily be the record year in terms of order flow.

"We estimate that the sector should get no less than RM20 billion this year," PIB said in a research note yesterday.

The sector started the year strongly with RM5.9 billion job wins in the first quarter, which was already 74.5 per cent of the total RM7.9 billion awarded last year.

"The acceleration of government project awards from a slew of big-ticket projects, such as the remaining contracts for six packages of the elevated portion of the Sungai Buloh-Kajang (SBK) line (http://www.skyscrapercity.com/showpost.php?p=90168683&postcount=808), the RM7 billion West Coast Expressway (WCE) (http://aliran.com/8012.html), the RM7 billion electrified double tracking (http://www.skyscrapercity.com/showpost.php?p=90381329&postcount=762) (EDT) from Gemas to Johor Baru and the RM30 billion Sarawak Corridor of Renewable Energy (SCORE) (http://www.skyscrapercity.com/showthread.php?t=581188&page=9), in our view, should easily increase job wins to the record level," PIB noted.

It believed that the government would progressively award contracts over the next few months, with 90 or so awarded by mid-2012 to ensure the SBK line was completed by July 2017.

The firm also expects the letter of acceptance for the RM8 billion tunnelling job awarded to the Gamuda-MMC consortium to be out soon and more spending in the power industry and SCORE in Sarawak.

It is learnt that for the second quarter of the year, 13 packages under the MRT SBK line are in advanced stages, while potential awards include packages V4 (Section 17-Semantan) and V7 (Bandar Tun Hussein Onn-Taman Mesra), worth about RM1 billion each.

Others include the West Coast Expressway, estimated at RM7 billion, and an LRT depot for RM500 million.

Other potential jobs that may be awarded are those driven by projects under the Economic Transformation Programme, including the construction of the RM27 billion Kuala Lumpur International Financial District and the RM5 billion Warisan Merdeka building.

The firm has assigned "overweight" rating on the sector, with Gamuda Bhd, Mudajaya Bhd, Hock Seng Lee Bhd and TRC Synergy Bhd being its top picks.