could be Synergy Drive's New World Headquarters !!!


Option 1

The winning competition entry for the new Sime Darby World Headquarters to be located in Bukit Kiara at the outskirts of Kuala Lumpur. This 4 storey building was the initial wining design for the new corporate headquarters of Sime Darby, the largest of Malaysia’s Multi National Corporate company. Sime Darby, a diversified company involved in various industries from plantation, property, heavy equipment energy to motor vehicles. Since its establishment in 1910, Sime Darby has built a reputation for competence and professionalism. Its name, projects a strong and bold corporate identity that is easily recognizable and highly respected in Malaysia and the Asia Pacific Region. Sime Darby’s identity is towards its commitment to quality, service and attention to detail in all aspects. It is imperative that this new proposed World Headquarters for Sime Darby reflects its corporate identity and core values. It has also to project an image of being modern, dynamic current, responsible, friendly caring, transparent, efficient and most importantly “Green”

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_11a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_12a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_13a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_15a.jpg


-------------------------------


Upon wining the design competition for Sime Darby’s World Headquarters, we were requested to design the new proposed building on a different site measuring approximately 6.11 acres. The new site is located near the original site (Option 1) and next to the KLGCC Golf Course. It also faces a major highway and it is very visible by motorist using this highway.

In our proposal for option 2 and 2a, we were requested to design 2 towers of one 20-storeys and one 10-storeys building connected by a shared two storey podium building. The total built up area would be approximately 1.3 million sq ft. However, for option 2a, we were requested to design an option with one of 23-storeys and a 18-storeys building with a built up area of 1.5 million sq ft.

This new world headquarters for Sime Darby is to be completed by the year 2010, in time for Sime Darby’s 100 years anniversary.

The placement of the two tower building for both option 2 and 2a took into account the KLGCC view and the Jalan Damansara highway. In option 2, we used a curve shaped floor plinth for the main tower and the oval shape floor plinth for the second tower.

Option 2

In this design for option 2, tower 1 will have 20-storeys and 10-storeys for tower 2.

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_23a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_24a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_22a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_25a.jpg


Option 2A

For option 2a, we used a mirror image of the curve floor plinth for both towers resulting in two identical towers of different heights. The curve shape of the building is used to allow maximum glass areas for views from the office spaces inside the building. For this option, tower A will have 23-storeys and 18-storeys for tower B.

Both option 2 and 2a, were designed with a large overhanging roof over a roof top garden. As the building is required to be a low energy “green building”, the large roof design shall be used to place photo voltic cells for harvesting solar energy.

After much deliberation between Sime Darby, the turnkey contractor and our office, option 2a design was chosen to be Sime Darby’s new World Head Quarters and is schedule to be completed in 2010.

At the podium floor, the two buildings shall be connected allowing easy access to the shared facilities i.e. auditorium, cafeteria, art gallery, gym etc. The integration and used of ESD elements as an architectural feature into the building facade is to reduced heat gain into the building and thus, reduces the energy consumption of the building.

As a responsible “MNC”, and a major Public Listed Company in Malaysia, Sime Darby requires its new building to be listed as an energy efficient building or to be classified as a “Green Building”, in line with the Malaysia Government drive in promoting the use of renewable energy.

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_37a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_26a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_27a.jpg

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_28a.jpg

3.015 Jalan Tun Razak

The proposed site measuring 3.015 acres is located along the busy ring road, Jalan Tun Razak and near the Kuala Lumpur City Center. We were requested to design a mixed development comprising of 30-storey office suites tower, 20 levels (160 units) condominium units of various sizes, 20 levels of 160 units of SOHO units and a 3-storey commercial podium. The built up area of this development is approximately 69,000 sq meters or 704,000 sq ft. The site is also located near the Lake Titiwangsa City Park, the National Library, National Art Gallery, Istana Budaya and Hospitals.

http://www.atsaarchitects.com/atsa_web/folio/off_serv_apt/off_serv_02a.jpg

http://www.atsaarchitects.com/atsa_web/folio/off_serv_apt/off_serv_03a.jpg

http://www.atsaarchitects.com/atsa_web/folio/off_serv_apt/off_serv_09a.jpg

http://www.atsaarchitects.com/atsa_web/folio/off_serv_apt/off_serv_08a.jpg

where is this 3.015??

Damansara City, Kuala Lumpur

http://img98.imageshack.us/img98/8094/photo1ev6.jpg

Proposed

http://snaarchitects.com/images/GIF/mk22-2.gifhttp://snaarchitects.com/images/GIF/mk22-3.gifhttp://snaarchitects.com/images/GIF/mk22-1.gif
Kiara Park Towers, Mont'Kiara

http://snaarchitects.com/images/GIF/mk10-2.gif
MK-10, Mont'Kiara

http://snaarchitects.com/images/GIF/SPPK-tower.gif
SPPK Tower, Damansara Heights

http://www.saaarchitects.com.sg/projects/retail/jlnpramlee/ramlee1.jpg
Offices at Jalan P Ramlee, Kuala Lumpur

http://www.saaarchitects.com.sg/projects/retail/taman%20megah/tamanmegah.jpg
Taman Megah, Petaling Jaya

Proposed

SS2 Commercial Development, Petaling Jaya
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-SS2Commercial//4-Comm-SS2-01.jpg

The Nusajaya Waterfront Precinct, Johor
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-NusajayaWtrFrnt/4-Comm-Nusajaya-02.jpghttp://www.senireka.com.my/_repository/seni/projects/Commercial/4-NusajayaWtrFrnt/4-Comm-Nusajaya-04.jpg
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-NusajayaWtrFrnt/4-Comm-Nusajaya-05.jpg

A hotel @ KLCC
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-KLCCHotel//4-Comm-KLCCHotel-01.jpghttp://www.senireka.com.my/_repository/seni/projects/Commercial/4-KLCCHotel//4-Comm-KLCCHotel-03.jpg
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-KLCCHotel//4-Comm-KLCCHotel-04.jpghttp://www.senireka.com.my/_repository/seni/projects/Commercial/4-KLCCHotel//4-Comm-KLCCHotel-05.jpg

Bukit Bintang City Centre (BGCC), Kuala Lumpur
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-Bukit%20Bintang%20City%20Ctr//4-Comm-BBCC-05.jpg
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-Bukit%20Bintang%20City%20Ctr//4-Comm-BBCC-04.jpg

Lincoln Centre KL
http://www.ctaparch.com/comm%20pics/lincoln.jpg

D'Kiara Place, Mont'Kiara
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-DKiaraPlace//4-Comm-Dkiara-03.jpg

Shah Alam Transport Terminal Complex
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-ShahAlamTerminal/4-Comm-SATC-04.jpghttp://www.senireka.com.my/_repository/seni/projects/Commercial/4-ShahAlamTerminal/4-Comm-SATC-02.jpg

Parcel 8 Retail, Putrajaya
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-P8%20Retail/4-Comm-P8Retail-01.jpghttp://www.senireka.com.my/_repository/seni/projects/Commercial/4-P8%20Retail/4-Comm-P8Retail-02.jpg

Dewan Negeri Johor
http://www.senireka.com.my/_repository/seni/projects/Government/4-DUN/4-Gov-DUN-01.jpg

A Proton Showroom & Sports Complex
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-ProtonShowRm/4-Comm-PrShowRm-02.jpg

patchay!!

amazing pix posted...very very wow indeed!!

so correct me if i am wrong,

sime darby new hq will be option 1 and also 2a or will it be just option 2a?

these among my fav renders and hoping they would materialised.

klcc hotel
p ramlee office building
parcel retail putrajaya

as for nusajaya, the design looks great but it still long way to go...

Proposed



A hotel @ KLCC
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-KLCCHotel//4-Comm-KLCCHotel-01.jpghttp://www.senireka.com.my/_repository/seni/projects/Commercial/4-KLCCHotel//4-Comm-KLCCHotel-03.jpg
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-KLCCHotel//4-Comm-KLCCHotel-04.jpghttp://www.senireka.com.my/_repository/seni/projects/Commercial/4-KLCCHotel//4-Comm-KLCCHotel-05.jpg


^^ This could be the concept renderings for the 'new' Grand Hyatt next to the KL Convention Ctr. I kinda recognised its site plan and also its location based on the rendering that shows Mandarin Oriental. :yes:






Bukit Bintang City Centre (BGCC), Kuala Lumpur
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-Bukit%20Bintang%20City%20Ctr//4-Comm-BBCC-05.jpg
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-Bukit%20Bintang%20City%20Ctr//4-Comm-BBCC-04.jpg



^^ This is even more wicked! This would be the proposed development for the Pudu Jail site! The site plan reveals all - the location of Jalan Pudu, Jalan Hang Tuah and Jalan Galloway! :eek:

Anyway I din know they have plans for a tunnel at the intersection of Jalan Pudu with Jalan Hang Tuah/Jalan Imbi. It is hightime they do something to that intersection :okay:

All look dreamy!

http://www.atsaarchitects.com/atsa_web/folio/sime_darby/sime_darby_22a.jpg

The art 'painting' thingy looks like those of kitchen doors lah

i prefer the proposed render for the klcc hotel compared to the boxy grand hyatt. anyway, i could only dream...

Proposed


http://www.senireka.com.my/_repository/seni/projects/Commercial/4-Bukit%20Bintang%20City%20Ctr//4-Comm-BBCC-04.jpg




Another thing I just realised - this project actually 'swallowed' the Hang Tuah LRT station! :eek: That means if realised, the LRT station is inside the mall! :okay:

Mod >>> pls archive the part II

Bukit Bintang City Centre (BGCC), Kuala Lumpur
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-Bukit%20Bintang%20City%20Ctr//4-Comm-BBCC-05.jpg
http://www.senireka.com.my/_repository/seni/projects/Commercial/4-Bukit%20Bintang%20City%20Ctr//4-Comm-BBCC-04.jpg


So guys this is the plan for Pudu Jail Redevelopment....

Another thing I just realised - this project actually 'swallowed' the Hang Tuah LRT station! :eek: That means if realised, the LRT station is inside the mall! :okay:

i reckon it would be good if the BBCC assumes puduraya role and incorporates a modern bus terminal in its basement (forget plaza rakyat - a lost cause :ohno:)

my 2 cents

Proposed Jalan Raja Laut Kuala Lumpur Office Building
http://www.dln.com.hk/eng/images/jalan_raja_laut_headquarter_kuala_lumper_p01c.jpg

looks like The Tower...

PJD

New projects in the pipeline include an office lower on Jalan Tun Razak (near the Jilin Pahang roundabout) with a GDV of RM180 million, a high-end service apartment project behind Swiss Garden in Jalan Pudu (GDV of RM250 million), a mix-residential project in Sri Hartamas (GDV of RM335 million)...

http://www.pjdprop.com.my/pic/news/20070820_general_pjd_s.jpg
Swiss Garden Serviced Apartments

For the service apartment project behind Swiss Garden hotel in Jalan Pudu, the land measuring 1.7 acres was acquired from the descendants of Loke Yew two years ago for RM 19 million. There will be two blocks of 36 storeys, comprising 413 units of service apartments, with a podium block linked to the Swiss Garden. The project will carry a GDV of RM250 million and a development margin of 25%.

PJD took over the office tower (Golden Avenue) project on Jalan Tun Razak from the liquidator a year ago for RM40 million. The project, formerly owned by Instangreen Corp Bhd (now LBS Bina Group Bhd), was abandoned although 10 storeys have been constructed.


Beneton Properties
http://www.benetonproperties.com/images/Portfolio/BangsarPeak/layout-plans.jpg
Bangsar Peak


Bukit Kiara Properties
http://www.bukitkiara.com/files/WC0C0Z7IEB/abtvervesuites1.jpg
VERVE Suites Mont'Kiara


DNP-Wing Tai
Menara DNP is an iconic high end luxurious serviced residences, comprising 2 towers, 49/s and 43/s. The design architect is the internationally acclaimed French architect, Jean Nouvel, who is well known for many award winning iconic projects around the world. Completion is 2011.

http://www.dnpproperty.com/images/astert.jpg
Plaza DNP II, Johor Bahru will be the tallest residential building (38 storeys) in JB when completed in 2011.


Country Heights
http://img81.imageshack.us/img81/537/palaceof3.jpg
Comng soon: Palace Residence Suites @ the Palace of Golden Horses


Mayland Properties
A new serviced apartment development is scheduled to kick off along Jalan Sultan Ismail.


Metro Kajang
http://img98.imageshack.us/img98/8449/sentral201qo2.jpg
Pelangi Sentral, Mutiara Damansara, Petaling Jaya


PJH
http://img525.imageshack.us/img525/760/26se9.jpg
26 Boulevard, Putrajaya


Tan&Tan
---Mid Valley Phase 3 section to be updated soon...


TTDI Dev
http://www.ttdidev.com.my/site/images/platinium_siteText.jpg
http://www.ttdidev.com.my/site/images/platiniumMap_small01_on.jpg
Platinum Park coming soon

Thanks Patchay. I like the Palace residences. Smart idea to add residences to the hotel. :)

What's that construction site in the centre of the pic?
http://bp2.blogger.com/_o47PZo0_Y8g/RxyO-_1J7pI/AAAAAAAAAiE/_2gLTqmt8Tc/s1600-h/view-from-KL-tower-4.jpg

Gemilang & Cemerlang!

Proposed Jalan Raja Laut Kuala Lumpur Office Building

http://www.dln.com.hk/eng/images/jalan_raja_laut_headquarter_kuala_lumper_p01c.jpg

http://www.senireka.com.my/_repository/seni/projects/Commercial/4-Bukit%20Bintang%20City%20Ctr//4-Comm-BBCC-04.jpg

Another thing I just realised - this project actually 'swallowed' the Hang Tuah LRT station! :eek: That means if realised, the LRT station is inside the mall! :okay:

THAT SOUNDS GREAT!!

i reckon it would be good if the BBCC assumes puduraya role and incorporates a modern bus terminal in its basement (forget plaza rakyat - a lost cause :ohno:)

my 2 cents



I seriously do not think buses should come to towncentre anymore. Buses create lots of congestion.

Our govt used to have this brilliant idea of segregating our buses into 3 terminals:

1) Bandar Tasik Selatan for south-bound buses

2) Somewhere near Subang Airport for north-bound buses

3) Terminal Putra at Gombak for East-bound buses


These 3 terminals are next and near to highways and are at the fringes of the city thus minimising traffic congestion. These 3 locations are also served by various modes of transportation such as the LRT (there are plans then to extend the Kelana Jaya Line to SAAS Airport). So yea....perfect! :okay:

But dunno what had happened :ohno:

Proposed
Mosaic images as per source website.

Low Yat Integrated City, Kuala Lumpur
Low Yat Group
http://img137.imageshack.us/img137/638/lowyatus9.jpg

Sapura Corporate Tower, Kuala Lumpur
Sapura Holdings
http://img521.imageshack.us/img521/557/sapuratowerhp6.jpg

Danga Bay Regional HQ, Johor Bahru
Limbongan-Ekovest Year 2007
http://img132.imageshack.us/img132/2088/dangayg6.jpg

Melaka Mahkota Parade Condominium Tower
Hektar Group Bhd
http://img516.imageshack.us/img516/7104/melakacm5.jpg

Damansara Uptown, Petaling Jaya
Paramount Malaysia (new proposal???)
http://www.abj.com.my/image/damansarautama.jpg

Lagoon Perdana Twin Towers, Bandar Sunway, Petaling Jaya
http://www.abj.com.my/image/lagoonperdana.jpg

Section 52, Jalan Yong Shook Lin, Petaling Jaya
http://www.abj.com.my/image/section52.jpg

Senai International Airport, Johor Bahru Masterplan
http://www.hintan.com/images/project/pro_airport/airport_expansion/airport_exp01.jpghttp://www.hintan.com/images/project/pro_airport/airport_masterplan/airport_mplan05.jpg
http://www.hintan.com/images/project/pro_airport/airport_masterplan/airport_mplan01.jpghttp://www.hintan.com/images/project/pro_airport/airport_masterplan/airport_mplan04.jpg

^^ amazing find, wow low yat city looks great!!!

Kampung Baru, Kuala Lumpur Redevelopment Illustration
http://img150.imageshack.us/img150/4414/kgbarusd0.jpg

Sumur City Visionary Project before 1997 crisis (now revived as I-City Selangor)
http://img91.imageshack.us/img91/4072/sumurcitycancelledpc4.jpg

Present Day I-City Selangor Development
http://bp2.blogger.com/_-Hnv5v4vVVE/RxwTI0SdZXI/AAAAAAAAAEE/pPWQQ2RG6H4/s1600/icity-1.jpg



Proposals

from left: Icon Mont'Kiara, The Dwitasik Oasis KL, Subang Jaya Commercial Centre, Damansara Apartments
http://img166.imageshack.us/img166/6577/proposalaf3.jpg


Coming Soon

HR Group Mont'Kiara
http://www.hrunited.com.my/images/future1.jpg

Gapurna Group's 348 Sentral
http://www.gapurnagroup.com/gsbsentral/images/1sentral/image11.jpg

Some quick facts :)

Developer: IMC Parkville (KL) Sdn Bhd
Architect: TsAo & McKown New York http://www.tsao-mckown.com
(Nothing on their webpage yet)
Approx. 400 units and all units in huge built-up area… Pure residential title (freehold), very exclusive with a total land area of 5-acres and almost 3-acres been designated for recreational facilities and a private park/garden. Located opposite of Vista Damai condominium, and is projected to launch early of next year. Price will not be less than 1500/psf .

It's behind Ampang Park and cunstruction apparantly in full swing already.

Will make separate thread when rendering is available.


Huge competition for Troika

greg, 400 units quite a high density. Must be smaller units. I dont think this ll lead to big competition wit troika with its large units. Any infos bout the developer?

greg, 400 units quite a high density. Must be smaller units. I dont think this ll lead to big competition wit troika with its large units. Any infos bout the developer?

Good point James. No idea about the developer, but I assume it's a subsidiary of I.M.C. and interestingly the architects have already designed Menara IMC.

Adjaye, Benoy, Foster, Jerde and Kengo Kuma team up on huge Kuala Lumpur 'suburban city'

http://www.conranandpartners.com/content/home/news/2007/Kenny/kenny.jpg

(News Article) A team of architectural big hitters, including Adjaye Associates, Benoy, and Foster + Partners, is creating a 'suburban city' twice the size of London's Covent Garden in Kuala Lumpur, Malaysia.

The Kenny Heights scheme will boast 3,000 homes, hotels, office blocks and almost 400,000 m2 of retail space. Conference facilities, a medical centre and cultural quarter will also be incorporated.

Other firms on board include Conran and Partners, South Korea's ga.a architects, Heatherwick Studio, US firm the Jerde Partnership, Japan's Kengo Kuma and Associates, WDA Group of Hong Kong, ArcStudio and Spacecraft of Singapore.

Billed as the key commercial and 'high-class' residential hub for the Kenny Hills suburb of Kuala Lumpur, the 36ha scheme has been broken down into nine 'parcels' to be developed over the next 15 years.

The scheme is being developed as a joint venture between Mycom Bhd and Merrill Lynch Asia. According to Mycom, the site is regarded as 'the last integrated development on the last choice site' in suburban Kuala Lumpur.

Mycom chief executive Datuk Yap Yong Seong said: 'It is unparalleled to any single development in Kuala Lumpur except for [massive commercial development] KLCC. It will evolve into a new suburban city with about 230,000m2 of gross floor area.'

For more information please contact: Emilie Lemons, Conran & Partners: cp@conranandpartners.com


--------------------
"Patchay Research" brings you some sneak peak...

http://img143.imageshack.us/img143/4368/kennyheightsle8.jpg
Proposed iconic towers at Kenny Heights City, Kuala Lumpur

Proposal for Competition

Bandar Sunway Rainforest Valley (now known as Sunway South Quay)
http://img218.imageshack.us/img218/606/sunwayul8.jpg
There's a supertalllll in this proposal. Others include villas by the lake, apartments, hotels, a linear park, gardens etc. The current Sunway South Quay is something like this.

New Proposal...

Network City Kuala Lumpur (in the heart of Golden Triangle)
http://img140.imageshack.us/img140/9137/networkcitydl4.jpg

The descrption is quite longgg... anyway here's a summary
Rainforest SkyDeck and Hanging Gardens on the 22nd floor (higher than most buildings surrounding it) is a new ground of 1.9acres of land hanging in the air with artificial "glass river", with Rainforest Plaza and at the bottom, 2 storey mall, clubhouse and cafes surrounding it, Soho block in the north, offices in the west and serviced apartments in the east. blah blah...

This project is in between MAS and MUI (now Hap Seng) Building, at the back of KFC Building.

http://img40.picoodle.com/img/img40/6/10/27/f_06m_390e0da.jpg

You KL gonna be very very dense... imagine this one, Lot 168, Haji, Grand Hyatt and Lot D completed. Just off from pic will be (left) Glomac, YNH, new Parkview, (right) the proposed Trillion (opposite Affin)

NCKL : Network City Kuala Lumpur..has it already been approved??

^^ OH my... Network City looks like an extremely kewl project... a big boost to KL's skyline...

New Proposal...

Network City Kuala Lumpur (in the heart of Golden Triangle)
http://img140.imageshack.us/img140/9137/networkcitydl4.jpg


Land at St. Mary’s – Parcel I, Kuala Lumpur City Centre
Commercial development of offices, retail space and service apartments on 4.13 acres, the previous site of St. Mary’s School in the heart of Kuala Lumpur’s Golden Triangle, in a joint venture partnership with the Lion Group.

Land at St. Mary’s – Parcel II, Kuala Lumpur City Centre
Sleek, modern commercial tower of executive suites and corporate offices developed exclusively by Eastern & Oriental Berhad, adjoining St. Mary’s Parcel I.


Another proposal on the same site???

http://img171.imageshack.us/img171/6058/stmaryhh8.jpg

which one they going to build?

maybe already posted, but here goes anyway...http://www.llarchitect.com.my/pImages/al-wahid01.jpg

Al-Wahid
Hotel, Service Apartments & Retail Shoplots
Architecture
Location : Lot C, Jalan Stesen Sentral 2, Kuala Lumpur
Sector : Commercial / Residential Development
Project Value : RM 550,000,000
Year : 2007


http://www.llarchitect.com.my/pImages/al-wahid04.jpg
http://www.llarchitect.com.my/pImages/al-wahid03.jpg

:nuts:

is it part of KL Sentral. odd enough and yeah..so alien.

Proposal for Competition

Bandar Sunway Rainforest Valley (now known as Sunway South Quay)


The Bandar Sunway Rainforest Valley is the name for the masterplan concept. At the time of the masterplan, the current name which is 'Sunway South Quay' have not been conceptualised yet. :yes:




There's a supertalllll in this proposal. Others include villas by the lake, apartments, hotels, a linear park, gardens etc. The current Sunway South Quay is something like this.

The winning proposal looks nothing like this (except for the lakeside activities). There are no visible tallies in their renderings and their scale model :(

maybe already posted, but here goes anyway...http://www.llarchitect.com.my/pImages/al-wahid01.jpg

Al-Wahid
Hotel, Service Apartments & Retail Shoplots
Architecture
Location : Lot C, Jalan Stesen Sentral 2, Kuala Lumpur
Sector : Commercial / Residential Development
Project Value : RM 550,000,000
Year : 2007


http://www.llarchitect.com.my/pImages/al-wahid04.jpg
http://www.llarchitect.com.my/pImages/al-wahid03.jpg

:nuts:

Embassy of the Romulan Empire?They like green stuff :lol:

Some quick facts :)

Developer: IMC Parkville (KL) Sdn Bhd
Architect: TsAo & McKown New York http://www.tsao-mckown.com
(Nothing on their webpage yet)
Approx. 400 units and all units in huge built-up area… Pure residential title (freehold), very exclusive with a total land area of 5-acres and almost 3-acres been designated for recreational facilities and a private park/garden. Located opposite of Vista Damai condominium, and is projected to launch early of next year. Price will not be less than 1500/psf .

It's behind Ampang Park and cunstruction apparantly in full swing already.

Will make separate thread when rendering is available.


Huge competition for Troika

Site, pic by triple-j
http://img26.picoodle.com/img/img26/6/10/29/f_1463580196dm_251ff5e.jpg

thx greg!! now we know what is actually happening there...

I seriously do not think buses should come to towncentre anymore. Buses create lots of congestion.

Our govt used to have this brilliant idea of segregating our buses into 3 terminals:

1) Bandar Tasik Selatan for south-bound buses

2) Somewhere near Subang Airport for north-bound buses

3) Terminal Putra at Gombak for East-bound buses


These 3 terminals are next and near to highways and are at the fringes of the city thus minimising traffic congestion. These 3 locations are also served by various modes of transportation such as the LRT (there are plans then to extend the Kelana Jaya Line to SAAS Airport). So yea....perfect! :okay:

But dunno what had happened :ohno:full agreement...take the express buses out...put them along the LRT lines in the outskirts of the city...and while we are at it, add more bus terminals at the different "megamalls" too...like Sunway and 1 Utama...more than enough spaces for a few Airport buses or KL Singapore buses....

Puduraya and/or Plaza Rakyat should be renovated and used for city buses and short distance buses (e.g. KL-Klang, KL-Seremban) mostly...

Cheers, m

Coming Soon

http://www.altruism.com.my/atweb/site/titijaya/uploads/projects/images/Subang%20SoHo-Final%20Street%20Level%20Perspective-small.jpg
Subang SoHo @ SS 19 Subang Jaya by Titijaya Group

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.

Thank you so much greg !I had no idea what was going on behind ampang park!Here we go again another apt!The NCKL project seem interesting the only drawback would be the frontage with less than 100 meters of it on jalan P Ramlee for such a huge lot!

http://www.bernama.com/bernama/v3/news_features.php?id=293045
October 30, 2007 11:56 AM

'Persada Putra', A New Landmark For Bumi Traders In Kuala Lumpur


http://img.photobucket.com/albums/v122/hetfield85/KL18_301007_PERSADA20PUTRA.jpg
NEW LANDMARK… An artist impression of the 30-storey Persada Putra to be built on the site of old Mara building at Jalan Tuanku Abdul Rahman. Pix: Melati Mohd Ariff

By Melati Mohd Ariff

KUALA LUMPUR, Oct 30 (Bernama) -- Bumiputera traders are frequently associated with stalls, night markets and five-foot way as well as old and small-sized shops.

Most of the times, Bumiputera traders merely operate small-scale business and the majority of them are in the small and medium scale enterprises (SME) category.

The fact is, the Bumiputera businessmen are having it difficult to stamp out their mark in cities like Kuala Lumpur due to the constraints on their financial capability.

However this scenario is expected to change for the better with the construction of 'Persada Putra', a business complex owned by Majlis Amanah Rakyat (Mara).

The 30-storey building will be constructed at the site of the old Mara building at Jalan Tuanku Abdul Rahman here.

Entrepreneur and Cooperatives Development Minister Datuk Seri Mohamed Khaled Nordin is expected to perform the project's ground-breaking ceremony this October 30.

OPPORTUNITY

Mara Director-General Datuk Nam Marthinin said the RM277 million Persada Putra is expected to be the city's new landmark upon its due date for completion in 2011.

He said the Persada Putra would provide space and opportunity for Bumiputera businessmen to conduct national and international level trade.

The complex would also serve as a networking centre for Bumiputera entrepreneurs.

"Persada Putra will emerge as the symbol of success and catalyst to create the Bumiputera industrialand Business Council (MPPB)," Nam told Bernama at his office in Mara headquarters here recently.

On competition by the other commercial complexes, Nam expresses his confidence that the building would be able to stand on its own as it would be equipped with the latest and state-of-the-art facilities.

He said Persada Putra would have the Information and Communication Technology (ICT) facilities for national and international-class commercial activities.

Among these facilities are the commercial lots, 90-room budget hotels, conference and exhibition halls. The building would also have parking lots for 252 cars and 307 facilities.

MARA'S STRATEGY

Nam said the construction of Persada Putra is Mara's move to locate Bumiputera traders at a prestigious and strategic location.

Apart from providing suitable-sized commercial lots, the complex would also house Bumiputera entrepreneurs under one roof, making it a one-stop centre.

Persada Putra would have more than 200 Bumiputera traders offering various business and services.

However priority would be given to those who conduct franchise operations and traders who have made a mark in their respective business.

The construction of the Persada Putra would see the first seven floors of the complex connected to Medan Mara, Kompleks Pertama, SOGO shopping centre and City LRT station via a RM18 million 'retail bridge'.

The 'Retail Bridge' is a pedestrian overhead bridge which connects the Starline LRT Station of the City,SOGO, Pertama Complex, Medan Mara and Persada Putra.

Air-conditioned business lots would be created along this 'Retail Bridge'.

SELECTED BUSINESS OPERATIONS

The first floor of Persada Putra would have operations based on the 'Halmart' concept that offers halal food products. This floor would also have the state-of-the art information communications technology and a mini laboratory for research and development (R&D) work.

One floor up would have business dealings in Malay and Islamic fashion wear while a food court of the Truly Malaysian Kitchen concept which offers various traditional and popular cuisine and delicacies from nationwide will be located on the third floor.

As for the fourth floor, Mara plans to locate the space for Bumiputera entrepreneurs involved in the herbal, pharmaceutical and bio-technology industry.

Spas and beauty-care premises will be located on the fifth floor, complete with gymnasium and medic-tourism facilities.

As for the sixth and seventh floor, the levels would have a convention and exhibition centre to be known as the 'International Retail Convention Centre' (IRCC).

The eighth to 24th floor would have corporate and conglomerate offices while the hotel and recreational facilities are planned on the 25th to 30th floors.

-- BERNAMA

cool.. but i can't see the rendering.

cool.. but i can't see the rendering.

I put the photo to other host. I think u can see it now.

Site, pic by triple-j
http://img26.picoodle.com/img/img26/6/10/29/f_1463580196dm_251ff5e.jpg

Entry on Developers homepage http://www.imcgroup.info/en-SG/about/milestones.asp
Commencement of construction for the high-end condominium project next to KLCC which comprises twin 48-storey towers. When completed, it will be one of the most exclusive condominiums in KLCC Precinct

Entry on Developers homepage http://www.imcgroup.info/en-SG/about/milestones.asp
Commencement of construction for the high-end condominium project next to KLCC which comprises twin 48-storey towers. When completed, it will be one of the most exclusive condominiums in KLCC Precinct

ANy rendering?

48 storeys? Time to kick The Binjai's butt!

too many upcoming twins :nuts:

cooool

http://www.bernama.com/bernama/v3/news_features.php?id=293045
October 30, 2007 11:56 AM

'Persada Putra', A New Landmark For Bumi Traders In Kuala Lumpur


http://img.photobucket.com/albums/v122/hetfield85/KL18_301007_PERSADA20PUTRA.jpg

NEW LANDMARK… An artist impression of the 30-storey Persada Putra to be
built on the site of old Mara building at Jalan Tuanku Abdul Rahman. Pix:
Melati Mohd Ariff

By Melati Mohd Ariff

KUALA LUMPUR, Oct 30 (Bernama) -- Bumiputera traders are frequently associated with stalls, night markets and five-foot way as well as old and small-sized shops.

Most of the times, Bumiputera traders merely operate small-scale business and the majority of them are in the small and medium scale enterprises (SME) category.

The fact is, the Bumiputera businessmen are having it difficult to stamp out their mark in cities like Kuala Lumpur due to the constraints on their financial capability.

However this scenario is expected to change for the better with the construction of 'Persada Putra', a business complex owned by Majlis Amanah Rakyat (Mara).

The 30-storey building will be constructed at the site of the old Mara building at Jalan Tuanku Abdul Rahman here.

Entrepreneur and Cooperatives Development Minister Datuk Seri Mohamed Khaled Nordin is expected to perform the project's ground-breaking ceremony this October 30.

OPPORTUNITY

Mara Director-General Datuk Nam Marthinin said the RM277 million Persada Putra is expected to be the city's new landmark upon its due date for completion in 2011.

He said the Persada Putra would provide space and opportunity for Bumiputera businessmen to conduct national and international level trade.

The complex would also serve as a networking centre for Bumiputera entrepreneurs.

"Persada Putra will emerge as the symbol of success and catalyst to create the Bumiputera industrialand Business Council (MPPB)," Nam told Bernama at his office in Mara headquarters here recently.

On competition by the other commercial complexes, Nam expresses his confidence that the building would be able to stand on its own as it would be equipped with the latest and state-of-the-art facilities.

He said Persada Putra would have the Information and Communication Technology (ICT) facilities for national and international-class commercial activities.

Among these facilities are the commercial lots, 90-room budget hotels, conference and exhibition halls. The building would also have parking lots for 252 cars and 307 facilities.

MARA'S STRATEGY

Nam said the construction of Persada Putra is Mara's move to locate Bumiputera traders at a prestigious and strategic location.

Apart from providing suitable-sized commercial lots, the complex would also house Bumiputera entrepreneurs under one roof, making it a one-stop centre.

Persada Putra would have more than 200 Bumiputera traders offering various business and services.

However priority would be given to those who conduct franchise operations and traders who have made a mark in their respective business.

The construction of the Persada Putra would see the first seven floors of the complex connected to Medan Mara, Kompleks Pertama, SOGO shopping centre and City LRT station via a RM18 million 'retail bridge'.

The 'Retail Bridge' is a pedestrian overhead bridge which connects the Starline LRT Station of the City,SOGO, Pertama Complex, Medan Mara and Persada Putra.

Air-conditioned business lots would be created along this 'Retail Bridge'.

SELECTED BUSINESS OPERATIONS

The first floor of Persada Putra would have operations based on the 'Halmart' concept that offers halal food products. This floor would also have the state-of-the art information communications technology and a mini laboratory for research and development (R&D) work.

One floor up would have business dealings in Malay and Islamic fashion wear while a food court of the Truly Malaysian Kitchen concept which offers various traditional and popular cuisine and delicacies from nationwide will be located on the third floor.

As for the fourth floor, Mara plans to locate the space for Bumiputera entrepreneurs involved in the herbal, pharmaceutical and bio-technology industry.

Spas and beauty-care premises will be located on the fifth floor, complete with gymnasium and medic-tourism facilities.

As for the sixth and seventh floor, the levels would have a convention and exhibition centre to be known as the 'International Retail Convention Centre' (IRCC).

The eighth to 24th floor would have corporate and conglomerate offices while the hotel and recreational facilities are planned on the 25th to 30th floors.

-- BERNAMA

Is that right location ?

http://img26.picoodle.com/img/img26/9/9/27/f_09m_984423d.jpg

yup!!

yeah!

Hey hi everyone, newbie here

Been enjoying all your postings and great pics.

Here's my first post - YTL's latest development at Sentul East, no details on their website other than this rendering.

http://img212.imageshack.us/img212/8347/thecapersik2.jpg

wow...another curvy tower...

this definitely gonna change sentul's skyline and streetscape...

good..good...

omggggg!!!!!!!!!!

must be expensive though

i hope it will not be that ridiculously expensive that this project won't come true or be changed to simpler design...

capers...does that name mean something different in Malaysia?

I think of capers and I think of the little green things that taste/smell like sardines/anchovy...

Cheers, m

Hey hi everyone, newbie here

Been enjoying all your postings and great pics.

Here's my first post - YTL's latest development at Sentul East, no details on their website other than this rendering.

http://img212.imageshack.us/img212/8347/thecapersik2.jpg

woooooooooooooowwwwwwwwwwwwwwww

SUper gr8888888888888888888

Do you know the height ?

Hey hi everyone, newbie here

Been enjoying all your postings and great pics.

Here's my first post - YTL's latest development at Sentul East, no details on their website other than this rendering.

http://img212.imageshack.us/img212/8347/thecapersik2.jpg

Seem that a little unrealistic. But anyway, I believe it will be built.

woooooooooooooowwwwwwwwwwwwwwww

SUper gr8888888888888888888

Do you know the height ?

No, unfortunately no details of the project available yet on their website.

http://www.propertynetasia.com.my/newdevelopment/The%20Capers/index.asp

Sources say more expensive than RM450k.
Speculating it's situated in front of Saffron beside the kommuter station.

Malaysia developer woos GCC investors

http://www.middleeastinteriors.com/source/ii/11/images/Setia-City-Klang.jpg
Mega venture: Setia City


S P Setia Bhd, Malaysia’s most valuable real estate developer, showcased five major projects with a Gross Development Value (GDV) of $7.5 billion at last month’s Cityscape Dubai 2007.

S P Setia, voted the best property developer in Malaysia by Euromoney magazine for the last three years, sought business partnerships with companies in the GCC region.

The company is eyeing agency agreements and identifying investment and joint-development opportunities in the Middle East and in Asia.

Tan Sri Dato’ Sri Liew Kee Sin, group managing director and chief executive officer of SP Setia, said: “S P Setia is the first Malaysian company to strategically tap the huge investment appetite for quality global real estate products in the GCC property market. It is our vision to introduce our exciting concepts to international markets, especially potential buyers and investors from the Middle East.”

S P Setia is spearheading two mega commercial ventures – Setia City and Setia EcoCity in the economic centres of Klang Valley and Iskandar Development Region (IDR) in central and southern Malaysia. Its ecologically-enhanced development, Setia Eco Park, which redefines urban living in a tropical luxury resort will also be showcased at Cityscape 2007.

In addition, S P Setia will unveil a new luxury condominium – Setia Sky Residences, and a super high-end bungalow project – Duta Grandé that is being developed in the heart of Kuala Lumpur.

Dato’ Voon Tin Yow, executive director of S P Setia, said: “We have an in-depth knowledge, industry expertise and a good track record in Malaysia and other emerging markets such as Vietnam. We are, therefore, better placed to ride on the regional potential.

“Cityscape Dubai is the region’s largest business-to-business property investment and development event. As a Malaysian property major, we used the event as a platform to contact regional businesses for new ventures in our country, as well as for partnerships in the GCC region.”

Malaysia’s undervalued property market offers strong investment potential due to its high quality developments such as those offered by S P Setia.

Compared to Singapore or Hong Kong, which have undergone tremendous growth in their property sectors over the last few years, the Malaysian market is set to follow this trend boosted by a range of government incentives, according to estimates.

A new luxury condominium project in downtown Kuala Lumpur recently raised the bar by offering units priced at $529 per sq ft. This compares to Singapore where a similar development breached $2,400 per sq ft, demonstrating a significant upside potential in the Malaysian market.

S P Setia has won several accolades, including 'World's Best Master Plan Development' for its Setia Eco Park project - FIABCI Prix d'Excellence Award 2007; 'Best Property Developer in Malaysia' - Euromoney Real Estate Awards 2005, 2006 and 2007, and 'No. 1 Property Developer in Malaysia' - The Edge Malaysia's Top Property Development Awards 2005, 2006 and 2007.

S P Setia is a listed company with annual revenue in 2006 at $300m and a current market value of $1.5bn. The company currently has a total of 20 active and upcoming projects with a combined value of US$13 billion.

That looks tall enough to be a supertall...from that photo, the footprint of the buildings looks massive..

SP Setia Vietnam township to contribute 10% to net profit
TheStar
By Laalitha Hunt

KUALA LUMPUR: SP Setia Bhd expects its RM2.1bil township, EcoLakes at MyPhuoc Industrial Park in Binh Duong province, Vietnam, to contribute to 10% of net profit by 2010.

Chief executive officer and group managing director Tan Sri Liew Kee Sin said via a tie-up with state-owned conglomerate Becamex IDC Corp, SP Setia was the first developer in Vietnam to build an integrated township on 500 acres.

“We hope to set a foothold in this growing market where property prices are higher compared to Malaysia, so we can hope for higher margins as well,” he told reporters after the company's EGM and a signing ceremony yesterday.

At the ceremony, SP Setia inked an agreement with Aseambankers Malaysia Bhd and United Overseas Bank (M) Bhd for the proposed issuance of RM500mil nominal value redeemable serial bonds with 168,151,302 detachable warrants (RSB).

Aseambankers is the principal adviser and lead arranger while the joint lead managers are Aseambankers and UOB.

The RSB, to be fully subscribed by Aseambankers and UOB on a bought deal basis, would be issued at a discount to its nominal value in two tranches of RM250mil each, with a tenures of three and five years respectively. The coupon rate is 2% per annum payable semi-annually in arrears.

Upon issuance of the RSB, the warrants will be split from the bonds and offered for sale to the existing shareholders of SP Setia on a renounceable basis of one warrant for every four existing SP Setia shares of 75 sen each.

According to Liew, the RSB is not only to enable SP Setia to raise the requisite capital to fund company's expansion, but also reduce financing costs as some of the existing bank borrowings were procured at higher interest rates.

“This would allow us to diversify our funding sources and lock in fixed interest rates to rebalance our current financing portfolio, which is primarily based on floating interest rates,” he said, adding that the RSB would also enable SP Setia to plan its cash flow requirements.

Of the RM500mil to be raised, RM200mil would be used to repay existing borrowings, RM298.5mil to finance operating expenses, capital expenditure and working capital needs while RM1.5mil is set aside for expenses incurred in the corporate exercise.

“Besides focusing on the mixed development in Vietnam, the exercise would also allow SP Setia to embark on commercial developments such as Setia City in Shah Alam, Setia EcoCity in Johor Baru and luxury projects such as Duta Grande and Setia Sky Residences to further boost its strong and steady earnings base,” Liew added.

Along with the bonds issuance, SP Setia has also proposed a one-for-two bonus issue in order to increase the company's capital base and to better reflect its current and future scale of operations besides rewarding its shareholders.

On completion of the bonus issue and assuming full exercise of the warrants, SP Setia's issued and paid-up share capital will enlarge to about 1.2 billion shares, equivalent to RM882.8mil, from 672 million shares, or RM504.4mil.

RAM Rating Services Bhd has assigned a long-term “AA3” rating to the RSB, which indicates a high safety for timely payment of interest and principal.




SP Setia to go big in commercial properties
The Star 27 Sep 07

By ANGIE NG

PETALING JAYA: SP Setia Bhd wants to go big in commercial retail properties to take advantage of the strong demand for quality commercial developments in the Klang Valley and other parts of the country.

The property group, which already has a well-established name in the residential sector, is eager to make a name for itself as a serious commercial retail player with the line-up of interesting projects.

Group managing director and chief executive officer Tan Sri Liew Kee Sin is excited about the prospects for the commercial sector and is seeking potential partners, including those from overseas, to undertake projects.

The biggest project on the drawing board is Setia City in the company's 2,524-acre Setia Alam township in Shah Alam.

The mega commercial project on 150 acres will have office towers, recreational destinations, retail malls and residential components.

Liew said SP Setia was working with a panel of architects and consultants to develop an iconic development in Setia City.

“As an eco-themed development, it will be energy saving with avenues to generate its own electricity for self sustainability,” he added.

The project, with an estimated gross development value of at least RM10bil, will take five to 10 years. Construction is scheduled to start in the first half of next year.

To kick-start the development, SP Setia has identified Sydney-based Land Lease Australia as its partner to undertake the development of a retail mall.

The mall, on 40 acres, would initially have a gross lettable area of 500,000 sq ft, which could later be expanded to 1.5 million sq ft. It will take two years to complete.

Next on the list is Setia EcoCity in the Iskandar Development Region in Johor. The project, to be developed on 80 acres, is scheduled to kick off in 2009 for completion in five years.

“These two projects will establish SP Setia as a serious commercial property developer and widen the company's earning base in the coming years,” Liew said.

The company is also eyeing a number of commercial retail projects in the Klang Valley, including Kuala Lumpur. These projects are expected to start within two years.

SP Setia also has other ongoing commercial projects in the Klang Valley, including the RM167mil Setia Avenue shop-offices in Setia Alam and the RM800mil Setia Walk in Puchong.

Setia City in Shah Alam, Setia EcoCity (in IDR), EcoCity MidValley, Ecolakes in Vietnam, I predict Bangsar Junction belong to them also coz renderings all came from same foreign-local firm?

SP Setia Vietnam township to contribute 10% to net profit

“Besides focusing on the mixed development in Vietnam, the exercise would also allow SP Setia to embark on commercial developments such as Setia City in Shah Alam, Setia EcoCity in Johor Baru and luxury projects such as Duta Grande and Setia Sky Residences to further boost its strong and steady earnings base,” Liew added.

The biggest project on the drawing board is Setia City in the company's 2,524-acre Setia Alam township in Shah Alam.

The mega commercial project on 150 acres will have office towers, recreational destinations, retail malls and residential components.

Liew said SP Setia was working with a panel of architects and consultants to develop an iconic development in Setia City.

“As an eco-themed development, it will be energy saving with avenues to generate its own electricity for self sustainability,” he added.

The project, with an estimated gross development value of at least RM10bil, will take five to 10 years. Construction is scheduled to start in the first half of next year.

To kick-start the development, SP Setia has identified Sydney-based Land Lease Australia as its partner to undertake the development of a retail mall.

The mall, on 40 acres, would initially have a gross lettable area of 500,000 sq ft, which could later be expanded to 1.5 million sq ft. It will take two years to complete.



Then in Shah Alam thread a news article says Shah Alam is "moving behind"...






Patchay Research found this...
The Birth of A New Concept Metropolis right in Shah Alam-Klang growth corridor

http://img86.imageshack.us/img86/8973/setiacityhi6.jpg
Ambitious Setia City will include two "supertalls"

http://www.middleeastinteriors.com/source/ii/11/images/Setia-City-Klang.jpg
First phase of Setia City will start as early as 1H 2008. MASSIVE!!!







Then,

SP Setia announces more plans for Setia EcoCity, Johor Bahru


http://www.emirates-re.com/files/processed/00088000/88043_Setia%20EcoCity,%20Iskandar%20Developm.jpg
Massive!!! (very similar to PGCC leh)



These project was showcased at the recent Cityscape Dubai 2007.


Enjoy guys.

sp setia's projects are all massive, breathtaking and amazing, it's almost unbelievable and too good to be true. however, if they are going to be materialized then it will freaking awesome!!!!

jb and shah alam do need this kind of projects!!!

Agree! these two cities are in sleep for a long time!
Cheers m :cheers:

Then in Shah Alam thread a news article says Shah Alam is "moving behind"...






Patchay Research found this...
The Birth of A New Concept Metropolis right in Shah Alam-Klang growth corridor

http://img86.imageshack.us/img86/8973/setiacityhi6.jpg
Ambitious Setia City will include two "supertalls"


First phase of Setia City will start as early as 1H 2008. MASSIVE!!!






.

OMG OMG OMG OMG :banana: :banana: :banana: So Shah Alam will look like that in 10 years !??

2 supertall at s.alam ??

Super duper awesome!

Setia = Loyal, Believe ?

Kuala Lumpur has the 4th largest Grade 'A' CBD Office stock (2.15 million sq m)
(more than hong kong, shanghai, bangkok, jakarta, singapore!!!)


By Patricia Chua
Nov. 9 (Bloomberg) -- Tokyo's Grade 'A' office rentals were the most expensive among 20 Asia Pacific cities in the third quarter, according to a report published by DTZ Research. Net rents plus service charges and property taxes are $219.1 a square foot per year. Mumbai had the biggest percentage increase of 44.0% in occupancy cost.

==========================================================
------------Occupancy cost---Vacancy----% change-----CBD stock
City---------(US$/sq ft/yr)------(%)-----(from Jan 07)-----(sq m)
==========================================================

Tokyo-----------219.10---------2.8%-------12.8%------6,528,588
Hong Kong-------194.81---------2.9%-------25.8%------2,010,000
Mumbai----------122.00---------4.0%-------44.0%---------83,643
Singapore--------116.78---------2.8%-------35.5%------1,855,721
Delhi--------------95.00---------6.4%-------20.0%---------58,064
Sydney-----------81.77---------4.3%--------20.2%------2,217,784
Shanghai----------70.37---------1.7%-------12.8%------1,457,392
Beijing------------54.96---------10.9%--------2.4%------2,752,689
Taipei-------------43.80----------8.5%--------2.5%------1,020,340
Melbourne---------40.88----------5.7%--------8.4%------2,024,011
Guangzhou--------38.98----------7.2%--------9.6%--------951,540
Shenzhen---------37.73----------7.8%-------18.7%--------744,800
Auckland----------31.22----------3.9%-------14.7%--------383,660
Tianjin-------------25.70--------16.7%--------21.1%-------626,568
Bangkok-----------21.42---------10.7%--------6.5%------1,385,860
Bangalore----------21.20---------7.4%--------40.0%-------615,887
Kuala Lumpur-------20.42---------6.0%--------12.5%-----2,151,120
Jakarta------------15.97----------8.0%---------2.7%-----1,636,015
Chongqing----------10.80--------28.6%---------0.1%-------171,209
==========================================================
Note: Occupancy cost is net rentals plus service charge and property tax. Stock and vacancy statistics reflect the Grade A office market within the Central Business District. All units are expressed on net floor area.

Source: DTZ Research, Office Market Brief

Editor: Babic

-----------------------------====================--------------------
Copyright (c) 2007, Bloomberg, L. P.

Patricia Chua in Singapore at +65-6212-1155 or pchua1@bloomberg.net

Klang Valley will unveil Setia City next year

http://img411.imageshack.us/img411/4493/setiacitykz3.jpg
The 2 "supertall" at the ambitious Setia City, Shah Alam

how tall is that supertall??

Malaysians making an impact at Cityscape Dubai

By Diana Chin
Email us your feedback at fd@bizedge.com


Something out of this world; glitzier and larger in size and scale; a whole different culture; the place to be for real estate. These were some of the comments of Malaysian developers and architects who returned from this year's Cityscape Dubai 2007, held between Oct 16 to 18 at the Dubai International Exhibition Centre.

Officially the largest business-to-business real estate event in the world, Cityscape Dubai has been growing at breakneck speed since its introduction five years ago. This year's exhibition welcomed more than 50,000 regional and international investors, property developers, governmental and development authorities, architects, designers, consultants and professionals from more than 120 countries. More than 1,000 exhibitors showcased their projects and services on 70,000 sq m of exhibition space. This year's exhibition saw a 50% and 27% increase in the number of exhibitors and exhibition space, respectively.

Previndran Singhe, CEO of Zerin Properties, tells City & Country that Cityscape Dubai is the place to be. "It's the biggest and most diverse real estate platform in the world. Truly a business-to-business (B2B) platform with lots of institutional investors." His second time at Cityscape Dubai, Previn came away impressed with some of the exhibitors, including Malaysia's top property developer, S P Setia Bhd.

"They had a fantastic booth showcasing several of their projects including the award-winning Setia Eco Park and carried the eco theme through out," shares Previn. This is S P Setia's first outing at Cityscape Dubai.
Apart from S P Setia, other Malaysian players who went on their own were UEM Land Sdn Bhd, Ekovest Bhd and KL Metro group. They exhibited Nusajaya, Danga Bay and the Legend International Water Homes, respectively. Architecture firms who went were Archicentre Sdn Bhd, as S P Setia's architects and Zone Architects.

Since its inception in 2002, more Malaysian companies are beginning to exhibit in Cityscape Dubai. Matrade began organising a Malaysian Pavilion four years ago. This year, it had six companies exhibiting at the Malaysian Pavilion. They were Arch Collection Sdn Bhd, MK Land Holdings Bhd, Maymont Development Sdn Bhd, Park Games Equipment Sdn Bhd, Unique Green Recreation Sdn Bhd and Veritas Architects.

According to national news agency Bernama, the companies received more than 408 enquiries during the three-day exhibition and recorded sales under negotiation over RM1.75 billion.

The place to be
The buzz at Cityscape Dubai 2007, says Tan Loke Mun, is "pretty much the same as last year's, just glitzier and larger in size and scale". Director of Archicentre and immediate past president of Pertubuhan Akitek Malaysia (PAM), Tan echoed Previn's thoughts about S P Setia's booth standing out as it continued to develop the eco theme it first used at Cityscape Singapore in April.

Tan says projects in this region are generating a lot of interest, especially modern new cities of the future that place an emphasis on ecology, the environment and energy efficencies.

"S P Setia's Windcatcher Tower was the most popular with many coming round to see the model and take photos. That was quite gratifying to us and we are more convinced now of the need for buildings of the future to address energy usage and improve efficiencies as well as harness energy from the sun and wind where they can," Tan tells City & Country.
The Windcatcher is part of two iconic towers (the other being Trillium) in S P Setia's 97 ha project called Setia City in Shah Alam.

Another project showcased by the developer was Setia EcoCity in Johor Baru. The twin city to Singapore will boast yet another iconic structure called the Chrysalis Towers, three sculpted and articulated vertical art structures rising from a 7.5ha central urban park.

"We want to promote Malaysian architecture and the incredible added value that good design can bring to all projects and buildings. Setia City and Setia EcoCity stood out well from the rest of the projects that were exhibited and we look forward with great anticipation for the next step for Malaysian and regional architecture," he adds.

Good response
While S P Setia may have impressed the crowd, Maymont Development's Matahari project was reeling in the buyers. According to its director Gerard Pereira, the developer recorded RM30 million in sales and bookings and expects more to come for its luxury super condominiums located in Sri Hartamas. "The people who have bought are Arabs from the UAE and some residing in the UK. Most are under the MM2H programme. Some have stated strong interest and will be flying in to Malaysia to look at the property further before they decide," he shares.

Gerard describes Cityscape Dubai as something out of this world. "The exhibitors know how to do things in a different style, spending millions on one exhibition. We're talking about taking up 10,000 sq ft of space for a booth!"
This is Maymont's first overseas promotion and it is thinking of participating in other Cityscapes now. "We've been thinking about taking Matahari overseas for a while and thought Cityscape Dubai would be a good option. We're glad we did as Maymont has also managed to garner interest from various parties who want to look at JVs with us to work with their projects in the UAE. The scale of projects they are building is amazing. Here, we offer units in the hundreds. There, they're talking about thousands," says Gerard. To date, Maymont's Matahari is more than 60% sold.

Another first timer, UEM Land says response have been positive and very encouraging. "Prospective investors were impressed and interested in the natural green tropical setting of Nusajaya," says its managing director Wan Abdullah Wan Ibrahim. Nusajaya is located in Johor's Iskandar Development Region.

According to Wan Abdullah, UEM Land has already signed up for Cityscape Asia (in Singapore)and Dubai in April and October 2008, respectively. He feels there is a strong need to educate prospective investors on the location of Nusajaya in both its physical and economic context.

"Cityscape Dubai has given us the opportunity to be in association with established international brands which will enhance Nusajaya's positioning as a regional city," Wan Abdullah adds.

Lessons learnt
One of the lessons learnt by UEM Land at Cityscape Dubai is to be ready with well defined offerings. "And be ready to do actual transactions. Cityscape Dubai is both for B2B and B2C," says Wan Abdullah.

For Datuk Low Tak Fatt, managing director of KL Metro group, Dubai is not about attracting the Arabs. The group has been participating in Cityscape Dubai since 2005 and recently decided to set up an office there to further promote its water chalets in Port Dickson.

"The atmosphere and buying culture in Dubai is certainly different. I feel there is strong sentiment to invest in Malaysia. The Arabs like us because we are a strong Islamic nation," says Low. However, it is not only the Arabs that are buying. From the developer's experience, other nationalities are also snapping up properties exhibited at Cityscape.KL Metro managed to sell six units and has three more tentative bookings from Arabs to Indian expatriates living in Dubai. Which explains why the developer decided to exhibit in Cityscape India this year

Although Low observes that there is a slowdown where very high-end properties are concerned, investors are very interested in Malaysia because of the guarantedd rental returns", he says of KL Metro's project.
"That is why we decided to enter India as well. Our economy is doing well and these people still perceive us to be a good market. Singapore is expensive and Thailand is politically unstable, so we are perfect."

The success of Cityscape Dubai has contributed to the launch of sister events around the world, including Cityscape Abu Dhabi, Cityscape Asia, Cityscape China, Cityscape India and Cityscape South America. This year, Cityscape became a biannual event in the Middle East with Abu Dhabi, the capital of the United Arab Emirates, a natural choice for a second location.

DNP plans five property projects

By DAVID TAN

PENANG: DNP Holdings Bhd will next year launch in Kuala Lumpur and Penang five property projects that will be major contributors to its revenue for the 2008 and 2009 financial years.

Three of these projects were at Jalan Ampang, Jalan U-Thant and Bukit Ceylon in Kuala Lumpur, general manager Lee Kong Beng said after the company AGM yesterday.

Menara DNP, comprising 200 luxury condominium units, was slated for the 1.5-acre site at Jalan Ampang.

“The project will have 420,000 sq ft saleable floor space. A French architect has been engaged to design the project,” Lee said.

The Jalan U-Thant project is a low-rise 30-unit condominium block on a one-acre site while Bukit Ceylon would have four condominium blocks offering 420 units on a 2.67-acre site.

“In Penang, we will launch at least two projects on the mainland and on the island. These projects will comprise medium and high-end landed residential properties,” he said.

Lee said he could not disclose the gross sale value of the projects, as the unit selling prices had not been determined.

For the year ended June, property business contributed about 30% of the group's RM425mil revenue.

On the retail business segment, Lee said another 18 retail outlets selling the group’s fashion labels such as Topshop, Topman and Dorothy Perkins would open by the end of next month in Kuala Lumpur.

“This would increase the number of our retail fashion shops in the country to 50 from the present 32,” he said.

For the first quarter ended Sept 30, the group posted RM15.6mil in pre-tax profit on RM96mil revenue, compared with RM10.9mil pre-tax profit and RM79mil revenue previously.

Menara MIDF facelift
http://img235.imageshack.us/img235/5628/1311071228qt3.jpg (http://imageshack.us)

http://img35.picoodle.com/img/img35/5/11/14/f_Muslimsm_4dbd7fd.jpg

Malaysia's tallest building?

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_4153a285-cb73c03a-1d4d4930-f2dbae1b

Malaysia's tallest building?

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_4153a285-cb73c03a-1d4d4930-f2dbae1b
:shocked: Yeah KFH is behind Oval Suites and Pavilion. It didn't state where they build this. Could well be that it's not in KL and rather in Nusajaya/JB to put this area really on the map.

^^ I hope it will be at least 700 metres... this can put Johor Bahru/Nusajaya on the world map .

Haha, 1957 feet or 2020 feet would be good.... :D

cant wait for that...

Bolton in final phase of shift to pure property play
by Lim Yu Min
Email us your feedback at fd@bizedge.com


KUALA LUMPUR: Bolton Bhd is in the final phase of restructuring with plans to dispose of RM150 million of non-core assets, the proceeds of which will be used to fund its property projects in the Klang Valley.

Its executive chairman Datuk Azman Yahya said the proposed disposal of its 20.01% stake in Symphony House Bhd could be completed by January next year while there were currently no potential buyers for Campbell Complex in Jalan Dang Wangi here.

Bolton has sold its quarry and premix businesses for RM6.5 million cash while its construction and engineering segment was being wound down and would be fully exited by the end of next year. It also wants to sell Langkawi Fair for at least RM45 million.

Speaking to reporters after its EGM here yesterday, Azman said its gearing had dropped to 0.6 times now and would go down further to 0.5 times upon the completion of the proposed disposal of Hotel Midah in Cheras for RM26 million.

Bolton has changed its focus purely on property development and it is looking for joint venture partners for more property projects.

“We will manage our risks by bringing in JV partners, by launching property products fast and by selling properties at a good margin,” Azman said.

He said Bolton’s order book currently stood at RM3 billion and 75% of that could be realised in the next 24 months. The group currently has a total land bank of 900 acres.

“The main GDV comes from the four-acre Mayang project near KLCC (with a gross development value of RM1.5 billion). Both the Mayang project and Seremban’s Jalan Bukit Ceylon project (GDV of RM100 million-120 million) will be launched by the end of next year,” he said.

Mayang’s selling price will be above RM1,000 per square feet. Its Bandar Amanjaya township in Sg Petani have a remaining 700 acres with a GDV of about RM400 million to RM500 million. It is selling at an average of RM30 million to RM40 million annually over a seven-year period.

Azman said Bolton’s property projects had profit margins of between 20% and 30%. He said Bolton planned to hit a RM5 billion GDV in the next two years through acquisition of land banks and the group planned to buy high value land banks that could be taken up quickly.

“We soft launched The Surin condominiums project (GDV of RM170 million) in Tanjung Bungah, Penang last Saturday. The official launch will be end of this year. Of the 198 units launched last week, we sold 99 units.

“Once we have sold 80% of the 198 units, we will launch another block of the 198 units condos. Selling price for these condos is between RM250,000 and RM700,000,” he added.

Bolton foresees a double digit growth in its operating profit in FY08 from sales of property, reduced borrowings and the raising of of the selling prices of its properties.

http://star-space.com/services/printerfriendly.asp?file=/2007/11/17/ptalk/19486645.asp&sec=ptalk

By THEAN LEE CHENG

KEN Holdings Bhd has set its sights on going really upscale with its entry into the Bangsar area. Executive director Sam C S Tan is putting a lot of effort into what he calls a gem of a site of less than an acre in Jalan Kapas where Ken Bangsar will be located.

This will be the group's first high-end high-rise project and an initial foray into the much sought-after location.

His previous project was Ken III, in SS2, which is sandwiched between some low-cost apartments. The difference between both projects, in terms of price point and location, underscores the broad range of projects that Ken Holdings Bhd is undertaking.

Ken III's average price when it was first launched was below RM200 per sq ft. Ken Bangsar averages around RM1,000 psf. It is yet to be launched but is already 65% sold today.

Says Tan: “We do not focus on high end or low end projects. We do developments with a broad price range. Whatever it may be, we will deliver a good product. Our policy is at whatever price point, we sell below market price and give the buyer something above market price. We will build our reputation this way.”

Having set the standard with Ken Damansara II, which is located along the same road as Ken I and Ken III, in SS2, Petaling Jaya, Tan considers the company an old hen in Petaling Jaya.

“We have built a name for ourselves in Petaling Jaya. Going to Bangsar is something new for us so it is natural that we are putting a lot of effort into Ken Bangsar,” says Tan.

By going to that location, Tan and his father, who is managing director of Ken Holdings, are moving into the tuft of major players, the likes of BRDB and Eng Lian Enterprise Sdn Bhd, the initial developers of Bangsar.

“Going there will give us an opportunity to do something different. We do not want to be a follower. We want to be the trend setter.”

Ken Bangsar will be located on a cul-de-sac at one of the highest parts of Bangsar. The two condominiums closest to it are Ara View and Desa Bangsar Ria. There are other high-rise projects developments along Jalan Kapas but most of them have been around for a decade or more. This means Ken Bangsar will be the newest serviced apartment along that road.

There have been concerns that other high-rise in the vicinity will block its view. This is valid to a certain degree. Hence, the eight floor and above have been snapped up.

Besides selling the terrain and location, Tan is also marketing the design of the block. Some of the 2,600 sq ft units come adjacent to studio units. Although this combination come with two separate titles, it is possible to inter-connect the two and some of their buyers, says Tan, plan to do that.

“Buyers who buy the big unit together with the smaller one either plan to rent out the 1+1 or have their parents next door,” says Tan.

Sited on less than 1 acre, there are 80 over units. He plans to hand over the keys by the end of next year, which is fast considering the fact that they began selling the units the first half of this year. Each unit will have two car parks and four for the penthouse. Maintenance will be between 40 sen to 50 sen psf.

“We are able to deliver early because we completed half the structure before selling began. Buyers want to see something before they put their money down. We wanted to build confidence as well. The structure is completed until the 10th floor. It will have a total of 15 storeys, giving us ample time with the finishes and interiors,” says Tan.

He says the company has upgraded a lot of things even as they went along, although more than half of the units are already sold.

“I am giving even better finishes because I want to build my long term reputation. When people bought Ken Damansara II, it was averaging RM197 psf, today it is RM300 psf, beyond what we expected. We could have maximised our profit, but this will not build trust with consumers and we wanted the goodwill,” he says.

Most of the units range from about 2,000 sq ft to 2,700 sq ft. There are four triplex super penthouses, between 6,800 sq ft and 8,500 sq ft, that come with their own private swimming pool.

The price for penthouses ranges between RM6.5mil and RM8mil. Although the RM1,000 psf tag is not a benchmark price, it is the residence's location at the “peak” of a hill in affluent Bangsar that will add value to the place, says Tan.

Those who want to invest in this location really do not have much choice at the moment. BRDB’s upscale freehold 229-unit condominium development is more than 80% sold. The size of available units ranges from 3,200sq ft to 8,000sq ft, averaging RM950 psf. This is located behind Bangsar Shopping Centre, Bangsar, Kuala Lumpur.

The other project in Bangsar is Zehn Bukit Pantai, which some consider a better location as it is located on a quieter and less congested part of Bangsar, as opposed to Ken Bangsar’s site. It is next to the Pantai Hospital, which can be a boon or a bane, depending on how one looks at the neighbour. Although it is located on a main road, that part of Bukit Pantai is relatively quiet and less congested as most of the houses there are bungalows.

The second block of Zehn Bukit Pantai was launched about three months ago. There are about 20 units left of the 184-unit development. The sizes available are between 3,000 and 3,300 sq ft with average selling price of between RM600 and RM650 psf.

Zehn is a joint venture between Pantai Holdings Bhd as landowner and Juta Asia, formerly known as Dataran Kiara Sdn Bhd, as developer. The project is in collaboration with CapitaLand Financial Ltd, the Malaysian arm of Singapore's largest listed property player, CapitaLand. The developer decided to rope in CapitaLand, given its expertise and reputation for delivering high-quality, high-end properties.

Zehn’s second block was sold at an average price of RM650 psf, which is about half of Ken Bangsar. Zehn is leasehold. Ken Bangsar is on freehold commercial title.

For the sake of comparison, Benetton Properties Sdn Bhd launched Bangsar Peak at the end of last year. That freehold development comprises 39 units on slightly over an acre, half the density of Ken Bangsar and the price was about RM600 psf.

Some quick facts :)

Developer: IMC Parkville (KL) Sdn Bhd
Architect: TsAo & McKown New York http://www.tsao-mckown.com
(Nothing on their webpage yet)
Approx. 400 units and all units in huge built-up area… Pure residential title (freehold), very exclusive with a total land area of 5-acres and almost 3-acres been designated for recreational facilities and a private park/garden. Located opposite of Vista Damai condominium, and is projected to launch early of next year. Price will not be less than 1500/psf .

It's behind Ampang Park and cunstruction apparantly in full swing already.

Will make separate thread when rendering is available.


Huge competition for Troika

The low profile 2 blks of 48-storey project has started.
http://i28.photobucket.com/albums/c236/tyfong55/P1030812.jpg

wow...48 storey huh..

Latest project by UOA along Jalan Bangsar, next to Bangsar LRT Station.

http://img510.imageshack.us/img510/936/menarauoabangsarct2.jpg

^^this site is next to the proposed MAA development?

^^this site is next to the proposed MAA development?

What proposed MAA development? :?

^^this site is next to the proposed MAA development?

yes

What proposed MAA development? :?

sorry its MNI building, thread here http://www.skyscrapercity.com/showthread.php?t=199958

sorry its MNI building, thread here http://www.skyscrapercity.com/showthread.php?t=199958

Oh, okay....thanks! Quite small piece of land for MNI to build on. But looks like another commercial hub developing. :)

Latest project by UOA along Jalan Bangsar, next to Bangsar LRT Station.

http://img510.imageshack.us/img510/936/menarauoabangsarct2.jpg

The project is well on-progress
http://img255.imageshack.us/img255/8931/img6248xp4.jpg (http://imageshack.us)

The proposed MNI building lies between the construction site and the Dataran Maybank (exisitng car park), but no activities there till todate.
http://img252.imageshack.us/img252/4245/img6249pv6.jpg (http://imageshack.us)

http://img513.imageshack.us/img513/3484/bangsarsouthrx1.jpg

Giza @ Dataran Sunway, Kota Damansara
http://www.sunwaycity.com/projects/01/Sdsara/GizaDataran/images/GizaDataran.jpg

Sunway Medical Centre Phase II - Underconstruction
http://www.sunway.com.my/suncity/corporate/images/ev_SunMed01.jpg

SunCity Kuala Lumpur, Jalan Peel
http://www.sunway.com.my/suncity/corporate/images/ev_SuncityKL01.jpg
http://www.sunway.com.my/suncity/corporate/images/ev_SuncityKL02.jpg

The new Wisma Denmark Tower II design, KL CBD
http://www.sunway.com.my/suncity/corporate/images/ev_WismaDenmark01.jpg
http://www.sunway.com.my/suncity/corporate/images/ev_WismaDenmark02.jpg

SunCity Kuala Lumpur, Jalan Peel
http://www.sunway.com.my/suncity/corporate/images/ev_SuncityKL01.jpg
http://www.sunway.com.my/suncity/corporate/images/ev_SuncityKL02.jpg

wow..i didnt know this one going to pop up soon. that side of town huh..great news ;)

The new Wisma Denmark Tower II design, KL CBD
http://www.sunway.com.my/suncity/corporate/images/ev_WismaDenmark01.jpg
http://www.sunway.com.my/suncity/corporate/images/ev_WismaDenmark02.jpg

wow..i like the design.anyway,why wisma..not menara? i think menara denmark sounds nicer.

PJD to launch three projects

KUALA LUMPUR: PJ Development Holdings Bhd (PJD) plans to launch three projects by June 30.

Managing director Wong Ah Chiew said the projects were Swiss Garden Residence in Jalan Galloway and Siarah Oakleaf in Bukit Antarabangsa, both in Kuala Lumpur and Mont' Callista in Pulai, Johor.
“We are mainly focusing on property development in the high-growth areas of Johor, Kuala Lumpur and Penang, as well as the east coast,” Wong said after the company's AGM yesterday.

The high-end Swiss Garden Residence would most likely be launched in January. The serviced apartments with an estimated gross development value (GDV) of RM250mil will consist of two towers. The 33-storey Tower A will offer 227 units and the 37-storey Tower B, 251 units.

PJD will also launch the Siarah Oakleaf within the next six months. The project has an estimated GDV of RM30mil.

The Johor project is a gated and guarded community of 192 three-storey semi-detached houses with a total GDV of RM150mil.

“Prospects for the current year (ending June 30, 2008) are very good due to our ongoing projects as well as high demand for electrical cables,” Wong said.

PJD has a capacity for RM200mil–RM300mil worth of “Olympic cable” a year at its plant in Malacca. The capacity would be increased by about RM15mil with the opening of the first phase of PJD's new factory in Vietnam by January, Wong said, adding that it involved an investment of RM20mil to RM30mil.

PJD has planned for two more phases of electrical cable manufacturing facilities on the 10-acre site in Vietnam.

The company's construction division, meanwhile, has RM800mil projects in-hand in Malaysia and Thailand.

On PJD's hotel division, Wong said the sector had improved in recent years in terms of both room rates and occupancy.

PJD to launch three projects
TheStar Friday November 23, 2007

KUALA LUMPUR: PJ Development Holdings Bhd (PJD) plans to launch three projects by June 30.

Managing director Wong Ah Chiew said the projects were Swiss Garden Residence in Jalan Galloway and Siarah Oakleaf in Bukit Antarabangsa, both in Kuala Lumpur and Mont' Callista in Pulai, Johor.

“We are mainly focusing on property development in the high-growth areas of Johor, Kuala Lumpur and Penang, as well as the east coast,” Wong said after the company's AGM yesterday.

The high-end Swiss Garden Residence would most likely be launched in January. The serviced apartments with an estimated gross development value (GDV) of RM250mil will consist of two towers. The 33-storey Tower A will offer 227 units and the 37-storey Tower B, 251 units.

PJD will also launch the Siarah Oakleaf within the next six months. The project has an estimated GDV of RM30mil.

The Johor project is a gated and guarded community of 192 three-storey semi-detached houses with a total GDV of RM150mil.

“Prospects for the current year (ending June 30, 2008) are very good due to our ongoing projects as well as high demand for electrical cables,” Wong said.

PJD has a capacity for RM200mil–RM300mil worth of “Olympic cable” a year at its plant in Malacca. The capacity would be increased by about RM15mil with the opening of the first phase of PJD's new factory in Vietnam by January, Wong said, adding that it involved an investment of RM20mil to RM30mil.

PJD has planned for two more phases of electrical cable manufacturing facilities on the 10-acre site in Vietnam.

The company's construction division, meanwhile, has RM800mil projects in-hand in Malaysia and Thailand.

On PJD's hotel division, Wong said the sector had improved in recent years in terms of both room rates and occupancy.



PJD
New projects in the pipeline include an office lower on Jalan Tun Razak (near the Jilin Pahang roundabout) with a GDV of RM180 million, a high-end service apartment project behind Swiss Garden in Jalan Pudu (GDV of RM250 million), a mix-residential project in Sri Hartamas (GDV of RM335 million)...

http://www.pjdprop.com.my/pic/news/20070820_general_pjd_s.jpg
Swiss Garden Serviced Apartments

For the service apartment project behind Swiss Garden hotel in Jalan Pudu, the land measuring 1.7 acres was acquired from the descendants of Loke Yew two years ago for RM 19 million. There will be two blocks of 36 storeys, comprising 413 units of service apartments, with a podium block linked to the Swiss Garden. The project will carry a GDV of RM250 million and a development margin of 25%.

by BeeCay

http://farm3.static.flickr.com/2368/1775212139_335d7ed82b_b.jpg

Land at St. Mary’s – Parcel I, Kuala Lumpur City Centre
Commercial development of offices, retail space and service apartments on 4.13 acres, the previous site of St. Mary’s School in the heart of Kuala Lumpur’s Golden Triangle, in a joint venture partnership with the Lion Group.

Land at St. Mary’s – Parcel II, Kuala Lumpur City Centre
Sleek, modern commercial tower of executive suites and corporate offices developed exclusively by Eastern & Oriental Berhad, adjoining St. Mary’s Parcel I.

Opps sorry guys!Anyway they started work!Good Bye St Mary!,They should be demolishing it once they finish puting up the perimeter fencing .

Foreigners eye local buildings

THE en bloc sale of Mah Sing Group Bhd’s two commercial buildings in Kuala Lumpur for RM560.6mil to Prompt Symphony Sdn Bhd, a special purpose vehicle set up by Kuwait Finance House and a unit of Singapore-based Autron Corp Ltd, shows strong foreign institutional investor interest in Malaysian commercial property.

The Icon Jalan Tun Razak (East Wing), a 17-storey Grade A office block with net lettable area of 263,435 sq ft, was sold for RM237mil, or RM969 per sq ft, while The Icon Mont’ Kiara with 27 levels of offices and a retail podium totalling 380,510 sq ft, was priced at RM285.4mil, or RM802 per sq ft.

Kuwait Finance House is listed on the Kuwait Stock Exchange (KSE) with assets totalling 6.314 billion dinar as of Dec 31, 2006. Autron is listed on the stock exchanges of Singapore and Australia.

Before this, there had been several major transactions in the country involving foreign investors. Landmark office transactions included Macquarie Global’s purchase of Empire Tower, Crown Princess Hotel and City Square Shopping Centre in Kuala Lumpur for RM680mil, Injaz Mena Investment’s purchase of Menara ING at RM495 per sq ft and Injaz AsiaEquity’s purchase of Kenanga International at RM555 per sq ft.

Kuwait Finance House (M) Bhd (KFH) is also believed to be actively scouting for real estate investment opportunities in Malaysia. In early November, the group said it would team up with Prestige Scale Sdn Bhd to fund the RM577mil en bloc purchase of Glomac Tower in Kuala Lumpur.

The 40-storey Class A office block will be developed by Glomac Al Batha Sdn Bhd, a 51:49 joint venture between Glomac Bhd and Al Batha Group from the United Arab Emirates.

According to Zerin Properties chief executive officer Previn Singhe, foreign property funds, private equity funds and pension funds considered themselves “under exposed” to South-East Asian real estate and were looking to expand their investment exposure.

“Malaysia, with its transparent land and real estate laws, good value proposition and upside potential, stands out as a strong candidate to attract foreign funds. Many foreign investors are attracted to the country as a highly lucrative option for its well-priced property, strong economy for sustainable growth and good yields over the medium- to long-term,” Previn said.

Interest is also picking up for good retail developments, hotels and high-end residential projects, especially luxury condominiums.

International investment in the property sector is expected to grow at unprecedented levels following the Government’s liberalisation of foreign investment committee guidelines for foreign purchasers and the joint public-private sector initiatives to market Malaysia’s real estate globally.

Opps sorry guys!Anyway they started work!Good Bye St Mary!,They should be demolishing it once they finish puting up the perimeter fencing .

oh..better check in later ;)

Sneak Preview of RM3.3billion Glomac Damansara

http://img137.imageshack.us/img137/1840/glomacdamansaracj6.jpg


Glomac to sign S&P for tower project early-2008

He said that Glomac has future ongoing developments of RM3.3 billion, including a 2.83-hectare commercial development known as Glomac Damansara in Kuala Lumpur.




http://www.glomac.com.my/admin/property/images/216200754156PM_det.jpg

One of the last freehold land in the prime area between Taman Tun and Damansara, look out for this space for latest updates on this development.

**directly behind Desa Kiara Condo, near TTDI cemetery and Tropicana City SS2

Lion, E&O Property team up in apartment project

The service apartment project is to be completed by mid-2008 :shocked:

E&O Property Development Bhd and the Lion Group will jointly develop three blocks of 28-storey service apartments in Jalan Tengah/Jalan P. Ramlee, Kuala Lumpur.

The development order was received by the two parties in May this year. The project is to be completed by mid-2008.

Total net area for the development is estimated at 940,000 sq ft, with about 660 units of sizeable service apartments.

The area will also have a retail and food and beverage component spanning 35,000 sq ft.

"This partnership truly provides an excellent opportunity for us to combine our expertise and resources, especially in development in prime urban centres, which continuously attracts buyers and investors due to its attractive capital appreciation and rental yields," E&O Property managing director Datuk Terry Tham Ka Hon said in a statement yesterday.

Lion Group's property division executive director Lionel Cheng said the group is confident of the potential of the site given its strategic location.

The project will be undertaken by a joint-venture company, Mergexcel Property Development Sdn Bhd.

E&O Property owns a 50 per cent stake in Mergexcel through its subsidiary, while Lion Group's subsidiary owns the rest.

In May last year, Mergexcel bought 1.65ha freehold land from The Synod of Diocese of West Malaysia.

The Synod was the original owner of the St Mary's school and the land on which it sits. St Mary's school will be relocated to Selayang.

mid 2008? ha ha..its like another 7 months to go what..i dont see anything popping up at that site yet.

LATEST BY MALTON GROUP

Pearl KLCC formerly known as Stonor 116 and V Square Petaling Jaya will be launched next month!!!
http://img504.imageshack.us/img504/9682/maltonlatestff0.jpg

Lima projek bangunkan Kampung Baru
KUALA LUMPUR 29 Nov - Sebanyak lima projek sedang dan akan dilaksanakan di bawah Rancangan Malaysia Kesembilan (RMK-9) bagi membangunkan Kampung Baru, kata Timbalan Menteri Wilayah Persekutusan, Datuk Wira Abu Seman Yusop.

Beliau berkata, dua projek yang sedang dilaksanakan ialah menaiktaraf dan mengindahkan Jalan Raja Alang dan Jalan Raja Muda Musa, serta membina dan mempertingkatkan rancangan Jalan Raja yang menghubungkan Jalan Tunku Abdul Rahman dan Jalan Tun Razak.

``Projek yang dalam peringkat rekabentuk ialah, pembangunan tapak pasar minggu, pembangunan dan pengindahan kawasan sekitar Jalan Raja Bot dan Jalan Raja Hussin serta rangkaian jalan bersepadu menggabungkan Dataran Merdeka, Chow Kit dan Kampung Baru,'' katanya menggulung perbahasan Rang Undang-Undang Perbekalan 2008 peringkat jawatankuasa di Dewan Rakyat hari ini.

Menurut Abu Seman, bagi projek pembangunan tapak pasar minggu, ia mengandungi komponen seperti berikut:

* Dua blok pangsapuri 53 tingkat di atas podium empat tingkat.

* Bangunan dua blok pangsapuri dengan 735 unit kediaman.

* Bangunan empat tingkat podium mengandungi kedai, bazaar, ruang pejabat dan sebagainya.

Beliau berkata, pada masa ini pihak kementerian masih menimbang pelbagai kaedah bagi membangunkan Kampung Baru termasuk menubuhkan Perbadanan Pembangunan Kampung Baru, pembangunan tanah bersepadu, pembangunan oleh syarikat milik kerajaan (GLC) dan pembangunan oleh individu atau pemilik tanah.

Kerajaan sebelum ini mengumumkan kelulusan peruntukan sebanyak RM100 juta untuk membangunkan Kampung Baru agar ia tidak terus terpinggir daripada arus pembangunan.

Ketika mengumumkan peruntukan itu, Timbalan Perdana Menteri, Datuk Seri Najib Tun Razak berkata, ia bagi membiayai pembangunan semula tapak pasar minggu serta menaik taraf jalan raya di sekitar kampung tersebut.

Najib berkata, ia hanya peruntukan permulaan kerana banyak lagi yang akan disalurkan oleh kerajaan.

* Dua blok pangsapuri 53 tingkat di atas podium empat tingkat.



http://i219.photobucket.com/albums/cc263/archilless/dbkl.jpg

the proposed apartment at Kg Baru... still at design stage.. not final yet..
from the pic.. i think it's more than 53-storey.. the short building on the foreground is the existing apartment nest to Kg Baru LRT Station

this pic was taken by me masa visit my friend at his office..:shifty:

Proposed

http://snaarchitects.com/images/GIF/mk22-2.gifhttp://snaarchitects.com/images/GIF/mk22-3.gifhttp://snaarchitects.com/images/GIF/mk22-1.gif
Kiara Park Towers, Mont'Kiara

http://snaarchitects.com/images/GIF/mk10-2.gif
MK-10, Mont'Kiara



http://www.saaarchitects.com.sg/projects/retail/jlnpramlee/ramlee1.jpg
Offices at Jalan P Ramlee, Kuala Lumpur



really like dis 3..... really nice....MK-10 looks superb

really like dis 3..... really nice....MK-10 looks superb

MK10 is u/c with a newer design. The rendering posted by patchay is a proposal design.

KL Galaxy Towers
http://www.metrohomes.com/nhome/appstorage/project/dsp_Galaxy_Big.jpg

KL Galaxy Towers
http://www.metrohomes.com/nhome/appstorage/project/dsp_Galaxy_Big.jpg

no la..not really. i posted that one before..can remember under which thread already. the construction started..but quite slow..

i just hope after the tower completed, they will change the entire external color of the building..

ATSA Architects Selected Works

Refurbishment Hotel and Office Tower, Kuala Lumpur

Background Information
A development on a site of approximately 1.39 acres located just outside the KL CBD area. This project was designed in the early 1990’s and was abandoned in 1997/98. The new owners of the development wish to complete the building with a new modern facade treatment.

Design Approach
Constructed until the 18th floor, this project has been abandoned since 1997 due to economic crisis. It was originally designed for a commercial podium block with 2 attached tower consisting of an office and a hotel. Pending market study, the usage will now be alterted slightly, to cater for the present demand. The facade will be treated differently from the original design to give more modern and contemporary look. Solid and void are being played together with horizontal and vertical elements to give the structure a slick, clean and well defined expression.

http://www.atsa.com.my/selected/0148.jpg

http://www.atsa.com.my/selected/0157.jpg

http://www.atsa.com.my/selected/0156.jpg

http://www.atsa.com.my/selected/0158.jpg



Studio Office & Hotel Tower, Jalan Binjai, Kuala Lumpur

Background Information
A design proposal on a light urban site measuring only 0.4 acres located within the prestigious KLCC area in Kuala Lumpur. The KLCC area is undergoing a complete regeneration converting land use of many existing 2 storey bungalows to high rise super condos. This particular site is long and narrow and will be in future sandwiched with tall buildings.

Design Approach
In this proposal, we took advantage of the long and narrow site to proposed a mixed used, SOHO Development to cater for the Young, Mobile, IT Savvy Local and Foreign population living in Kuala Lumpur. The first 3 floors will be zoned as commercial area ideal for a boutique business center. The subsequent 10 storeys will be used as a hotel /service apartments. The remaining 10 storeys will be designed as a SOHO units, (small office home office) to cater for medium stay business travelers.

http://www.atsa.com.my/selected/0175.jpg

http://www.atsa.com.my/selected/0177.jpg

http://www.atsa.com.my/selected/0178.jpg

http://www.atsa.com.my/selected/0179.jpg

OFFICE & SERVICE APARTMENT TOWER Jalan Tun Razak, Kuala Lumpur

Background Information
The proposed site measuring 3.015 acres is located along the busy ring road, Jalan Tun Razak and near the Kuala Lumpur City Center. We were requested to design a mixed development comprising of 30-storey office suites tower, 20 levels (160 units) condominium units of various sizes, 20 levels of 160 units of SOHO units and a 3-storey commercial podium. The built up area of this development is approximately 69,000 sq meters or 704,000 sq ft. The site is also located near the Lake Titiwangsa City Park, the National Library, National Art Gallery, Istana Budaya and Hospitals.

Design Approach
In our design approach, we took account of the two most important views; the KLCC view, where the twin towers is located and the Lake Titiwangsa city park view. The three buildings or building components in our design proposal are angle in such of way that it will either have the KLCC view or the park view. In this design proposal, the office suites will face the KLCC view and the residential units will either face the park view or the KLCC view. The condominium block will have a circular edge to allow all corner units to have a 180 degree’s panoramic view of Kuala Lumpur.

The façade of the building has straight and clean lines with the use of glass and metal cladding. Both towers, follows identical architectural language and is designed to complement the surrounding existing buildings.

http://www.atsaarchitects.com/atsa_web/folio/off_serv_apt/off_serv_02a.jpg

http://www.atsaarchitects.com/atsa_web/folio/off_serv_apt/off_serv_09a.jpg

http://www.atsaarchitects.com/atsa_web/sketches/PROPOSED%20REDEVELOPMENT%20of%20TUDM/01.jpg

http://www.atsaarchitects.com/atsa_web/sketches/PROPOSED%20REDEVELOPMENT%20of%20TUDM/02.jpg



Ugly version of KLCC

http://www.atsaarchitects.com/atsa_web/sketches/KUALA%20LUMPUR%20CITY%20CENTRE/01.jpg

http://www.atsaarchitects.com/atsa_web/sketches/KUALA%20LUMPUR%20CITY%20CENTRE/02.jpg

http://www.atsaarchitects.com/atsa_web/sketches/KUALA%20LUMPUR%20CITY%20CENTRE/03.jpg

http://www.atsaarchitects.com/atsa_web/sketches/KUALA%20LUMPUR%20CITY%20CENTRE/08.jpg

http://www.atsaarchitects.com/atsa_web/sketches/KUALA%20LUMPUR%20CITY%20CENTRE/09.jpg

http://www.atsaarchitects.com/atsa_web/sketches/KUALA%20LUMPUR%20CITY%20CENTRE/11.jpg

yeah.... btw alot of these renderings have been posted before...

Glomac riding high
By Allison Lee
Email us your feedback at fd@bizedge.com


Glomac Bhd is riding high on the record-breaking RM1,120 psf purchase offer by Kuwait Finance House Bhd and real estate investor Prestige Scale Sdn Bhd for its Glomac Tower in KL City Centre. And the next four years are set to be an exciting time for the developer as it has RM3.3 billion worth of projects underway.
"We have 14 projects (RM3.3 billion) in the pipeline, with nine in our ongoing township and commercial developments. The remaining five are future projects," group managing director Datuk FD Iskandar FD Mansor tells City & Country.
He adds that Glomac remains "hungry for more good landbank... we will concentrate on smaller pockets of land to be turned into niche projects that bring faster returns for our shareholders".
He lists four of the five new projects — the RM577 million Glomac Tower, the RM85 million Glomac Galleria in Desa Sri Hartamas, the RM115 million Sri Bangi project in Bandar Baru Bangi, and Glomac Damansara on Jalan Damansara. As for the fifth, he declines to elaborate and hints that more will be shared once the deal is inked.
Glomac Tower is being developed by Glomac Al Batha Sdn Bhd, a joint venture between Glomac and Al Batha Group from the United Arab Emirates. The 40-storey Grade A office tower is situated on Jalan Pinang and is scheduled to start construction in early 2008.
Both Glomac Galleria and Sri Bangi are scheduled for launch early next year, while plans for Glomac Damansara are still on the drawing board. FD Iskandar says there are plans to build Glomac's first-ever retail mall on the seven-acre site.

Glomac Galleria
He raves about Glomac Galleria's "fantastic location" fronting the SPRINT Highway. "People will have no problem locating the project as we offer excellent frontage and visibility. There are 400 registrants for the 20 units for sale and we are considering either conducting a ballot or opening it for tender. I'm not sure whether tendering properties for sale has been done in Malaysia but it is common in Singapore and Bangkok," he says.
Glomac Galleria is situated on Jalan 19/70A, in the southern corner of Desa Sri Hartamas Town Centre. The 1.34-acre project offers 20 units of 4½-storey shopoffices with sizes of 25ft by 55ft and 26ft by 55ft, built on a modern, dual-frontage concept. Units are going for RM3.8 million to RM4.5 million en bloc, with over 200 parking bays available.
He adds that the location used to be an up-and-coming area, but is now a business hub of its own with a population to support the commercial products. "What is good about this area is the purchasing power of both the locals and foreigners. There are a lot of expatriates, making the area suitable for food, and food and beverage outlets and foreign banks.
What sets Glomac Galleria apart from the other shopoffices in the area is its unique 40ft boulevard. "We have 10 units on each side and we have covered the back alley, creating a covered walkway. Malaysians are big on alfresco dining and this will give shop owners the flexibility to conduct more activities and generate an after-office buzz to the project," says FD Iskandar.
He notes that the project would be attractive to investors because of Glomac's track record of generating high capital-appreciation rates for commercial projects. "Aman Suria's prices appreciated 50% when we handed over the units and the rates have gone up by 100% now. Plaza Kelana Jaya hit 30% prior to handing over and the same can be said about Dataran Glomac. Therefore, the moment you receive the keys for Glomac's commercial properties, you stand to gain 30% to 50% appreciation," he states.

Sri Bangi
"There are areas in the outskirts of the Klang Valley, where most would be pleasantly surprised to discover thriving townships. One of these is Bandar Baru Bangi," says FD Iskandar, who learnt that the shophouses facing the main roads are fully tenanted.
He adds that some of these 2-storey shophouses were launched at RM280,000 to RM300,000 and are now changing hands at RM500,000 to RM600,000. "When we wanted to set up the show office for Sri Bangi, we found out that there was a waiting list for a unit once a tenant leaves," he shares.
The 28.5-acre Sri Bangi is located in Section 8, Bandar Baru Bangi, and the leasehold development offers 63 commercial units and 258 residences. The commercial units of 2½-storey and 3½-storey shopoffices will be launched by year-end, with prices from RM550,000 to RM850,000. The 2-storey terraced houses will be put on the market in the second quarter of 2008.
"We are offering Bangi a new product. For the first time, buyers will be getting terraced houses set in a secure, gated environment paired with a clubhouse equipped with a gym and swimming pool. Glomac has introduced clubhouses in Petaling Jaya, Puchong and Cheras and they are highly appreciated by buyers," says FD Iskandar.
He points out that Sri Bangi is different because of its modern design and this, together with the project's good location, makes it appealing for the upgrader market. "We are in front of the Bangi Golf and Country Resort and Equatorial Hotel, and for shopping, Complex Bangi is next door."
He notes that having 400 registrants for the shopoffices shows the strong demand for properties in the area. "People are looking at Bangi because of its proximity to Putrajaya and Cyberjaya. Also, the infrastructure improvements have made the area more accessible."
Sri Bangi is 10km from Putrajaya and Cyberjaya and is accessible via the Kuala Lumpur-Seremban Highway, Lebuhraya Damansara Puchong, SILK, Cheras-Kajang Highway, ELITE and Kesas Highway.

December 06, 2007 22:20 PM

Sime Darby To Build Model Townships For Low-And Middle-income Earners


KUALA LUMPUR, Dec 6 (Bernama) -- Sime Darby Bhd plans to develop model townships of affordable housing for low- and middle-income earners in several states.

In a statement here today, Sime said this would address the pent-up demand for affordable housing.

The company said under the Bandar Gemilang Sime Darby programme, it would turn slivers of its plantation land in several states into townships with apartments, link houses, semi-detached houses, libraries, schools, sports fields, police stations and places of worship for the major religions.

The states are Labu, Negeri Sembilan, Gurun in Kedah and Vision City in Selangor.

Sime said the size of the apartments and houses would be larger than the typical low- and medium-cost apartments and houses.

"While the standard size of a low-cost link house is about 600 sq ft, the low-rise apartments in Bandar Gemilang will be bigger, averaging at about 900 sq feet.

"In addition, some of the residential units will be flexible and can be extended or expanded according to the needs of the house owners," it said.

Sime chairman, Tun Musa Hitam, outlined the plan at the launch of Sime Darby Convention Centre here today by Prime Minister Datuk Seri Abdullah Ahmad Badawi.

He said phase one of the programme would be in Labu, Negeri Sembilan, where 240 hectares of plantation land would be turned into a model township.

"The next scheme will be Gurun, Kedah, followed by the Vision City in Selangor," he said.

Musa said the number of units which would be built at each of the three initial sites would depend on the demand from potential home owners.

"Sime aims to create sustainable communities and is confident that the Bandar Gemilang programme will be well-received by the rakyat.

"Houses under the programme will be energy-efficient, will benefit from a water recycling system and will be surrounded by lush greenery.

"Efforts will also be made to encourage sustainable initiatives such as waste recycling, utilising of recyclable building materials and harnessing of rainwater for irrigation purposes," he said.

-- BERNAMA

A bold successful move
TheStar BizWeek
By DAVID TAN
davidtan@thestar.com.my


FOUR years ago, when it was listed on the main board of Bursa Malaysia, YNH Property Bhd made a conscious decision to reposition itself as a leading high-end property developer in the Klang Valley. At that time, the shift into high end properties in prime locations seemed like a bold move considering the fact that the group has been involved in affordable housing scheme for over 20 years in Manjung, Perak.

To realise the aspiration, the group acquired prime land in Kuala Lumpur. The timing was also key as there was generally the perception that the soft property market situation in 2003 was coming to an end, and there would be an upswing soon in demand for properties on prime locations, says group corporate services head Daniel Chan.

As a result, the group ended up with 38-acres of prime location land in Kuala Lumpur city.

The decision to move into Kuala Lumpur's hot spots was indeed, as it turns out, a right one.

“For example, Menara YNH, one of the group's projects planned for 2008 in Kuala Lumpur on a 3-acre site, has already attracted much attention from internationally reputable developers who want to jointly develop the project with us.

The 45-storey iconic building, with a gross development value of RM1.2bil, is designed to accommodate a single office block and a retail centre. Each floor has a floor plate of 55,000 sq ft, which is one of the largest in the world. The total net lettable area of approximately 1.2 million sq ft is also one of the largest in Malaysia, he says.

Chan adds that YNH is now considering offers from reputable investors from Hong Kong, Singapore and New York to jointly develop Menara YNH.

The company has also received offers to purchase the Menara YNH en-bloc from interested parties from Singapore and Middle East.

The rapid appreciation of land value in Kuala Lumpur has evidently justified the group's decision to enter into property development in Kuala Lumpur, Chan added.

“In Kuala Lumpur city, the per sq ft of undeveloped land is now RM1,500, compared to about RM500 psf when we first bought it.

“For developed commercial properties, such as office buildings, the value is now above RM1,100 psf, compared to RM600 psf in 2003.

“This can be seen in the latest transaction for Glomac Tower located in Kuala Lumpur City Centre (KLCC), which was sold for RM1,120 psf.

YNH has lined up 10 projects of high-end and affordable residential and commercial properties with an estimated gross development value of over RM6bil for launch over the next five years in Kuala Lumpur and Manjung, Perak.

There are 9 projects planned for Kuala Lumpur that would be implemented between 2008 and 2013, while in Manjung the group would launch a mixed development project with an estimated gross development value of RM2.3bil project that would take about 20 years to complete.

“The group would carry out the development of the 9 projects at the 38-acre of land bank spread over in Kuala Lumpur city and Mont Kiara.

“The projects in Kuala Lumpur city and Mont Kiara that would be developed next year are the RM1.2bil Menara YNH at Jalan Sultan Ismail, while the RM700mil D'Kiara Place and RM300mil Project 6 Duta are planned in Mont Kiara.

http://biz.thestar.com.my/archives/2007/12/8/bizweek/bw_pg10ynh.jpg
The RM1.2 billion 45-storey Menara YNH on Jalan Sultan Ismail
[Iconic?????? I'm Disappointed !!! ]


“There are 6 other projects, comprising retail commercial properties and luxurious condominiums, with an estimated total gross development value of RM1bil, which will be developed in Mont Kiara between 2009 and 2013,” he says.

On the group's on-going projects in Kuala Lumpur city and Mont Kiara, Chan says the RM300mil 163 Service Suites and the RM200mil Ceriaan Kiara luxurious condominium project would be completed respectively in 2008 and 2009.

“In September 2007, we managed to get Fraser Hospitality Pte Ltd to manage the 163 Service Suites, which comprises high-end service apartments, offices, and retail outlets.

“The project is 97% sold. The Ceriaan Kiara project, comprising two blocks of condominiums, in Mont Kiara is over 80% sold.

In October 2007, CIMB-Mapletree has signed with us to purchase from us one block of the project,” he says.

In Manjung, the project planned for next year would be developed on a 1,000-acre site.

Chan says YNH had bought the 1,000-acre land more than 10 years ago and plans to develop 20,000 units of residential and commercial properties over the next 20 years.

Some 90% of the development would be residential components, comprising terraced and semi-detached houses, while the remaining 10% would consist of shop-houses. Each year, YNH will launch 500 houses on a 50-acre site for the next 20 years, which is expected to generate about RM75mil in revenue for the group annually,” he says.

Chan says the project was strategically located next to the Lumut Naval Base and Lumut Port Industrial Park.

“Our research team has checked out that there is still a lot of demand for affordable housing in Manjung due to the presence of the Lumut Naval Base and the Lumut Port Industrial Park.

“There are also several oil and gas and bio-diesel companies presently in Manjung expanding their operations, which is currently driving the demand for affordable housing,” he says.

On the group's future business directions, Chan says YNH would continue acquiring land only in strategic locations.

“The group will concentrate on looking for land in Manjung, and selective parts of Klang Valley and Ipoh,” he says.

Chan says because the group had purchased its land bank in Kuala Lumpur at very attractive pricing, the rise of building materials' prices of late did not eat into the profit margins of the group.

“We can still manage a good profit margin of between 40% and 50% despite the increase in the raw materials' prices,” he says.

The YNH Property group is owned by the Yu family in Sitiawan, Perak.

The group has to date completed and sold more than 8,800 units of residential and commercial properties with an estimated gross development value of RM820mil in Perak since 1982.

YNH was also the recent recipient of the Forbes Asia 'best under a billion' award in recognition of its performance one of the region's top 200 small and medium size companies.

Two recent analyst reports published in November 2007 have recently revised their forecast earnings for YNH Property Bhd.

The reports from KAF-Seagroatt & Campbell Securities says it was revising the earnings for the 2007 and 2009 fiscal years by between 2% and 5% in view of higher margins for its high-end projects in Kuala Lumpur.

RHB Research Institute Sdn Bhd is also bullish on the group's capability to achieve higher earnings for the period 2007 to 2009.

It says the higher margins would also be influenced by the group's new projects such as the D'Kiara Place, Project 6 Duta, and better selling price for the existing projects such as the Ceriaan Kiara condominium project and 163 Service Suites.

KAF-Seagroatt also expects the shortage of premier commercial buildings in Kuala Lumpur CityCentre (KLCC) to boost the selling price of Menara YNH.

Gesh, the older design at least has some shapes, now this one is just plain box...

KL"S LATEST - MiLLENNIUM RESIDENCE

http://biz.thestar.com.my/archives/2007/12/8/bizweek/bw_p12Millennium.jpg
42 storey with a 15-storey high crown on top, and it is Gold-cladded!!!

It means the building will have a height of a 57storey building but has only 42 floors in actual.

It will be KL's latest "supertall" and will be seen from skyline as it will be tallest in the Bukit Bintang area.

The 45-storey iconic building, with a gross development value of RM1.2bil, is designed to accommodate a single office block and a retail centre. Each floor has a floor plate of 55,000 sq ft, which is one of the largest in the world. The total net lettable area of approximately 1.2 million sq ft is also one of the largest in Malaysia, he says.

http://biz.thestar.com.my/archives/2007/12/8/bizweek/bw_pg10ynh.jpg
The RM1.2 billion 45-storey Menara YNH on Jalan Sultan Ismail


gawd....these peoples really don't underdstand the meaning of the word 'iconic', ....aren't they? anyway it's still ok...i understand it is all about built cost:yes:..and the Millenium kick arse!:banana: but hey...the color scheme, it looks familiar with one in HK (i forget building name)

*SIGH* I'm dissapointed with the 'iconic' (yeah right -__-) menara YNH...it's just....uh....nothing!

Compared to the Millenium Residence, now that's what I called iconic! I love the design.

AiyoooH... It's not too bad but I expected more from YNH :(. Anyway, that Millenium tower is sexy :D, but 42 storeys doesn't sound like a supertall to me.. ??

Prima Prai plans to launch high-end units

By S.C. CHEAH

PRIMA Prai Group Bhd plans to launch several high-end developments both in Malaysia and Australia next year.*

The three high-end developments in the country will be The Runnymede, with more bungalows and a new condominium project in its ongoing The Sanctuary, both on Penang island; and a bungalow project in Mont' Kiara, Kuala Lumpur.*

It also has a new development three hours from Perth in Western Australia called the Margaret River Resort.*

Managing director Datuk Mohd Ramzan Ibrahim told StarBiz that the Margaret River Resort would be the single largest project in Margaret River, a region famous for its wineries, scenic beauty, lakes and caves.*

An artist's impression of The Sanctuary, a gated and guarded, high-end residential development Batu Uban, in Penang.
He said there would be 161 chalets in a low-density gated community. The property, to come on-stream in early 2009, is on a 25-acre freehold piece of land next to a 75-acre lake.*

Ramzan said 45% of the units would be sold, leaving the rest for investment purposes.*

“Purchasers can lease their units back to us and they can use their units for a specified numbers of days. It could be two weeks to a month. We also plan to engage an international hotel chain to manage the property,” he said. *

”If you want peace and quiet, clean air and very good food, this is the perfect place for relaxation. The Margaret River wine region is famous for its wineries,” he said. *

Meanwhile, Prima Prai’s flagship development The Runnymede in Georgetown, might be launched in the third quarter of 2008.*

The freehold 5.5-acre development on the site of the historical Runnymede at Jalan Sultan Ahmad Shah (formerly Northam Road) is billed as the most exclusive in the state. *

To reflect its heritage, the two high-rise blocks to be called Runnymede Residences will have colonial architectural designs. There will also be a full suite hotel.*

Ramzan said the Runnymede name had been retained to reflect its rich history.*

He said the current block would be renovated and turned into a heritage building and the ground floor would be used for wedding receptions.*

The group has built and sold a 350,000 sq ft office building on an adjacent parcel of land.*

As for the project in Mont' Kiara, Kuala Lumpur, Razman said it would have a gross development value (GDV) of about RM40mil. It will be on a freehold 2-acre land overlooking the KLCC. It will have only 13 exclusive bungalows priced from RM3.2mil. *

It would mirror the kind of quality features and concept at the group's high-end residential project, The Sanctuary in Batu Uban on Penang island.*

“The pricing of this project will be higher (than The Sanctuary) by at least 40% as the land cost is high. We are a bit cautious of coming to Kuala Lumpur,” said Ramzan.*

The group would also be launching Phase 1B comprising the second batch of 30 bungalows in The Sanctuary in Batu Uban, Penang Island early next year. *

The 30 bungalows are as good as sold as Kuwait Finance House (Malaysia) Bhd signed a Mudharabah agreement on Nov 29 to provide RM74.4mil capital to Corner Side Realty Sdn Bhd (a unit of the Prima Prai Group) to underwrite the sale of the 30 bungalows.*

Meanwhile, the group also has two other projects in the pipeline.*

They are an 80-acre medium-cost housing development next to the Highway Auto City in Juru, Penang with RM300mil GDV to be launched next year and a proposed 420-acre development close to Club Med Cherating in Pahang. *

http://www.arkitekmaa.com/new_projects.html

1. surian tower
2. menara felda
3. menara gemilang DBKL

^^ That menara gemilang dbkl, is that where the four season is located?

Limitless into Malaysia:)
United Arab Emirates: 9 hours, 1 minute ago
A senior official with real estate developer Limitless has revealed the firm will shortly announce a multi billion dollar project in Malaysia, reported Emirates Business 24/7. Philip Atkinson, the company's Regional Director for South East Asia, would not be drawn on the size or cost of the venture but admitted the Dubai World subsidiary is also planning developments in Indonesia, the Philippines, Thailand, Vietnam and Singapore.

any info people

i suspect it will be part of the development corridors, but which one?

menara gemilang DBKL looks huge and big! Very unsuitable 4 tht area. I thnk it should be build beside Menara Telekom lah.

menara genilang dbkl? maybe dah tak wujud...coz the location is 4 four season rite? but cool design.....one of the best in kl.....robohkan wisma central boleh? hehe.....can sum1 add on the pic....

http://bp3.blogger.com/_-Hnv5v4vVVE/RxiPPESdZNI/AAAAAAAAAC0/4jaMjq-iPa4/s320/icon.jpg

ICON TOWER
Mon't Kiara, Sri Hartamas

ini baru ke?

mahsing group pun ada icon tower in mont kiara but with difrnt design...

City Hall: Developer had approvals
By : Malina Jeya Palan


KUALA LUMPUR: The Da-mansara 21 development project was allowed by City Hall as the developer had the necessary approvals from the various agencies.

City Hall public affairs and international unit deputy director Muhammad Sidek Khalid said the land in Medan Damansara was deemed private property.

"It belongs to the developer, and not the entire area is a designated green lung. The relevant authorities have given the approval to proceed with the project.

"In terms of planning, the site was designated for residential purposes according to the plan that had been approved since 1967."

Sidek said the development was not taking place in a green lung and that City Hall had not asked residents to submit their objections as the population density of 18 people per acre was within the allowed limit.

He said City Hall had received an application to build bungalows at the site last year. On Feb 6, its town planning committee approved the application and the development order was issued on Feb 16.

The project is being developed by SDB Properties Sdn Bhd, a subsidiary of Selangor Dredging Bhd. A total of 21 bungalows, worth RM10 million each, will be built on a slope at Bukit Hijau.

Sidek said he was not aware of the existence of a 1971 plan, which residents of Medan Damansara said showed that the area had been designated as an open area.

"As long as the developer proceeds in accordance with development guidelines, there should not be any concern of landslides," he said, adding City Hall supervisors would be on site to ensure that the developer adheres to the guidelines.

Federal Territory Ministry undersecretary of technical and geo-spacial division, Dr Aizi Razman, said during a meeting with residents, City Hall and the developer in October, there was no formal agreement that development would not take place.

He said the ministry was awaiting a report from City Hall to establish whether the site was in fact a green lung .

Selangor Dredging Bhd's communications and corporate affairs manager Lina Othman said the site was bought in Aug 2005 with a development order from City Hall dated May 2003. A new development order was subsequently obtained in February this year.

"The land is freehold and guaranteed for use for building with no mention of green lung in the title."

She said approval had been granted by 17 other departments, including the Department of Environment and the Department of Mineral and Geoscience, Selangor.

Lina said the company had also written to City Hall with an undertaking that only minor work would be carried out during the rainy month.

During a visit to the site by the New Straits Times, an excavator and a chain saw were spotted there. There were piles of felled logs and steel rods.

Residents have complained of the noise and claimed that work at the site has been ongoing for the past week.

Asked about this, Lina said the excavator was not considered heavy machinery and the clearing of trees was to create access to the site.

Thanks haze. Here's the pics for 2 Proposed...

Menara Felda (quite tall right??)
http://img106.imageshack.us/img106/5620/menarafeldaod4.jpg

Menara Surian (proposed to be Boustead Properties new HQ) at Mutiara Damansara
http://img443.imageshack.us/img443/146/menarasurianvz3.jpg






I call this "Danga Bay Global City" lol

http://img261.imageshack.us/img261/3545/dangabayglobalcitynd0.jpg

cool...finally sum1 postd it...how bout the galaxy city...is it in malaysia?...uk height condo....royal penang hotel, is hotel, danga mall, california garden(malaysia?)...golden hope hq also another gr8 design....

The second pic of Menara Felda looks pretty good ;) Danga Bay reminds me abit of Singapore :eek:

SP Setia expects sales to jump 50pc in 2008

The sales jump will come from four new property launches and existing projects in Kuala Lumpur, Penang and Johor, with the start of new phases next year


SP Setia Bhd, Malaysia's valuable property developer, expects sales to jump 50 per cent to RM1.8 billion in fiscal 2008 as it launches four new projects, its top official said.


Group managing director and chief executive officer Tan Sri Liew Kee Sin said growth would also come from existing projects in Kuala Lumpur, Penang and Johor, with the launch of new phases next year.


"We are very confident we can do it as the Malaysian economy is right. The growth will also be accelerated by the low interest rate regime and EPF withdrawal scheme," Liew told reporters after announcing the group's full year results in Kuala Lumpur yesterday.


New projects slated for launch next year are Setia Sky Residences, its maiden luxury condominium project in Kuala Lumpur, and Duta Grande, Kenny Hills, comprising 15 luxury bungalows priced at RM30 million each. These will be marketed to rich tycoons in Singapore, Hong Kong, the Middle East and Malaysia.

It will also launch Setia Eco Gardens in Johor Baru, Setia Eco Villas in Cyberjaya and EcoLakes in Vietnam.


EcoLakes, SP Setia's maiden development outside Malaysia, will be launched in March 2008.


"Sales from EcoLakes would roll next year but it would only contribute to group revenue from 2009," Liew said.


SP Setia has 16 on-going projects with a combined gross development value of RM30 billion.


Its total undeveloped landbank stands at 1,959ha inclusive of 223ha in Vietnam.


The company has also been invited to expand in Libya, China and India but it wants to establish itself in Vietnam first.


SP Setia, which has a market value of some RM5 billion currently, reported a 9.2 per cent increase in 2007 net profit.


It made a net profit of RM260 million for the 12 months ended October 31 2007. Revenue was flat at RM1.15 billion.


He said SP Setia plans to launch its first integrated development project in Kota Kinabalu, Sabah, on a joint venture with one of Sabah's state authority.


"We have narrowed in on a piece of landbank located near the city area. We are negotiating currently. We hope to launch it at the end of our next financial year (Oct 2009)," Liew said.

CIMB launches property mart

CIMB Group's Special Asset Management (GSAM) division has launched CIMB Property Mart, a showroom for properties to be sold by the group nationwide.

The property gallery, the first to be set up by a bank in Malaysia, allows the public to browse the properties on sale, learn about the auction process and obtain financing, all in one place.

Group chief executive officer Datuk Nazir Razak said there are about RM600 million worth of properties and land up for sale throughout the country by both CIMB Bank and CIMB Islamic.


We hope to raise the profile of auction properties

"By setting up the CIMB Property Mart as an alternative sales channel, we hope to raise the profile of auction properties," he said in a statement.

He said staff will be on hand at the property gallery to answer questions on the properties, the auction process as well as the financing packages.

"In future, we hope to leverage on the group's regional presence and use CIMB Property Mart to attract foreign property investors into the Malaysian property market," Nazir said.

The properties up for sale mainly comprise apartments, landed properties, development land and shop lots located nationwide, with the majority of them in Selangor, Wilayah Persekutuan, Negri Sembilan and Johor.

By New Straits Times

Is it me, or is the St Mary's Girls School in the Golden Triangle demolished already?

December 13, 2007 20:52 PM

SunCity To Launch RM900 Mln Property Projects In Next Six Mths


PETALING JAYA, Dec 13 (Bernama) -- Sunway City Bhd (SunCity), the Sunway group's property arm, will launch RM900 million worth of property projects over the next six months, managing director for property development Ngian Siew Siong said Thursday.

He said these include an integrated development project called SunCity KL, Sunway South Quay (lakeside lifestyle development), Sunway Palazzio (luxury condominiums) and Taman Duta (an exclusive bungalow development).

"For the current financial year ending June 30, 2008, we are launching a total RM1.9 billion worth of projects. To date we have already launched RM1 billion worth and the balance RM900 million will be launched over the next six months," he told reporters after the company's annual general meeting here.

Ngian said the company aims to achieve RM1.35 billion in sales for financial year 2008 and the company has already recorded RM338 million sales in the first quarter ended September 30.

"For the following quarters, we expect to sustain the sales value that we achieved in the first quarter," he added.

For the financial year ended June 30, 2007, SunCity posted a higher revenue of RM1.14 billion compared with RM1 billion previously.

Its net profit went up 15 percent to RM147 million from RM128 million previously.

The company's total undeveloped landbank stands at 3,300 acres with a gross development value of RM13.5 billion.

On the company's overseas expansion plans, he said SunCity is negotiating with parties in India to develop condominium projects in Hyderabad.

Meanwhile, SunCity managing director for property investment Ngeow Voon Yean said the company plans to float its planned over RM3 billion real estate investment trust (REIT), the country's largest REIT, in the second half of next year.

He said the company is in the midst of appointing an investment banker for this.

-- BERNAMA

http://212.12.183.189/MCC/ProjectImages/%d8%a7%d9%84%d9%85%d8%a7%d8%b3%d9%87/perspective2.jpg

anyone know where is this? so cool huh....

Have been posted in this forum before...

THE TRILLIONS KL
http://www.llarchitect.com.my/pImages/tri03.jpg http://www.llarchitect.com.my/pImages/tri02.jpg

AL-WAHID KL SENTRAL
http://img135.imageshack.us/img135/1811/alwahidfx0.jpg

Kuala Lumpur Project 2008 Outlook
excluding Mont'Kiara and projects already launched
Updated: 26 December 2007

To be launched
---
KL CBD

1. Millennium Residence [1 tower / 42+15-height / City Developments Singapore]
2. Idaman Bintang [3 towers / TA Properties]
3. TA3 and TA4 [2 towers / 60,35 / TA Properties]
4. Cecil Chao Phase 2 [4 towers / Cheuk Nang of Hong Kong]
5. St Mary KL [Parcel I, II and hotel III / 3 towers in Parcel I / 28,28,28 / E&O Properties]
6. Setia Sky Residences [SP Setia]
7. Menara YNH [1 tower / 45 / YNH Properties]
8. Pearl KLCC [2 towers / Malton Group]
9. Swiss-Residences [2 towers / 37,33 / PJD]
10. 6 Stonor [1 tower / Tan&Tan]
11. Regalia @ Sultan Ismail [1 tower / Mayland Group]

12. twin 48storey designed by Tsao-Mckown IMC Parkville
13. 49 and 43storey designed by Jean Nouvel for WingTai DNP
14. 33storey Zelan-Capitaland
15. New Icon KL by E&O Properties
16. Lavender Night - twin high-end by Bolton-UM Land (end of 2008)
17. UM Land's high-end at Persiaran Raja Chulan
18. Gamuda's first high-end at Jln Madge near KLCC
19. HR United's high-end near KLCC
20. OSK's 28,000 sqft land at Jln Yap Kwan Seng
21. Platinum Park by TTDI Development
22. Bukit Bintang Commercial Centre [Pudu Jail Redevelopment by UDA Holdings]
23. twin high-end "Panorama KL" by General Corp and UOL Group Singapore
24. 40storey "Eden" Lorong Binjai by Lum Chang Group Singapore
25. Bukit Kiara Properties' first high-end near KLCC
26. Selangor Dredging lands
27. K Residence Tower II
28. Pavilion Residence Tower II

Metro KL

1. 34storey Tenaga New HQ
2. The Capers Sentul East [2 towers / YTL]
3. Menara UOA Bangsar [1 tower / 35 / UOA Group]
4. D'Rapport Ampang [11 towers / 20+ / Acmar]
5. 348 Sentral [30,24,21 / Gapurna Group]
6. MidValley Phase III [IGB Group]
7. Ireka Properties' Pantai land
8. Palace of Golden Horses Residences [Country Heights Group]

PJ

1. Glomac Damansara [2 twin towers / Glomac]
2. VSquare Tower [Malton Group]


Big Projects Around KL

To be launched
---
1. Setia City [SP Setia]
2. Tamansari Riverside Garden City including a 60storey [Asie]
3. Kenny Heights City [Mycom-Merrill Lynch]
4. SunCity KL Jln Peel [Sunway Group]
5. Sunway South Quay [Sunway Group]
6. Bangsar South [UOA Group]
7. EcoCity Midvalley [SP Setia]
8. Damansara City [Guocoland]
9. Bangsar Junction (ex-Unilever site)

In Progress
---
10. i-City Selangor [i-Berhad]
11. Bangsar South [UOA Group]
12. CapSquare
13. KL Sentral [various, MRCB-CIMB, MRCB-Aseana]
14. The Paradigm Kelana Jaya [WCT Land]
15. Seri Suria (Bandar Sri Damansara) [TA Properties]


[B]Stagnant

1. Plaza Rakyat [Mixed-development / 79,59,19 / Wembley Holdings]
2. Berjaya Central Park [2 towers / 50,50 / Berjaya Land]
3. NAS Pavilion [3 towers / 31,29,22]
4. Vision City KL Phase II [to be revived by Quill Group]
5. Menara Li-Foong
6. Jalan-Jalan XiTianDi (KL Monorail City)
7. Old Grand Duta Hyatt Hotel
8. Golden Avenue [being revived as Menara PJD by PJD]


[B]Proposed

1. New DBKL Tower
2. KFH's tallest building
3. Al-Wahid KL Sentral
4. The Trillions KL
5. 50storey twin Kampung Baru
6. 5ostorey near KLCC
7. 50storey New Grand Hyatt KL
8. twin luxury hotel near KLCC
9. 45storey Jln Binjai
10. Lot D KLCC
11. "Empire State Tower" along Jalan Tun Razak
12. New Menara YTL and YTL Residences

Great and comprehensive lising, many thanks Patchay.:)
From the top of my head you may want to add:

- Palace of the Golden Horses Residences
- Osk Property proposed condo on Jalan Yap Kwan Seng
- UM Land proposed 310 Unit Service Appartment Project. Announced in 2006 already, but never heard of it since.
http://www.umland.com.my/media/149.htm

Sorry if posted already.

http://www.iproperty.com.my/property/development.asp?pid=1097

Great and comprehensive lising, many thanks Patchay.:)
From the top of my head you may want to add:

- Palace of the Golden Horses Residences
- Osk Property proposed condo on Jalan Yap Kwan Seng
- UM Land proposed 310 Unit Service Appartment Project. Announced in 2006 already, but never heard of it since.
http://www.umland.com.my/media/149.htm

- Updated. thanx!
- No.20
- No.17


What is your favourite building completed this year??


Sorry if posted already.
http://www.iproperty.com.my/property/development.asp?pid=1097

Thanx mate!

[QUOTE=patchay;17120093

What is your favourite building completed this year??


[/QUOTE]

Good question lah. As for a building, to me Pavilion Mall is the winner.:cheers:
Not so many highrises completed this year. Many have just started construction or are still under construction. The best ones only just launched. Completed in 2007 I like 2Hampshire or Marc. Next year I probably go for K-Residences, One KL or Cendana.

It's actually quiet good. :banana:
Have a look http://www.jpbdbkl.gov.my/

Some Cool Projects To Be Launched in KL NEXT YEAR

http://img338.imageshack.us/img338/1695/coolproject2008za3.jpg
http://img505.imageshack.us/img505/8688/coolproject2008iimr5.jpg



I just realised that KL still has plenty of land... wow!

The New Taragon Puteri KL (formerly abandoned Menara Li-Foong) very Nice! Launching Now.
http://www.bluestonegroup.com.my/images/kl_city_centre.gif
with Rendezvous Hotel KL (from Singapore)

Malaysia's First State-of-the-Art Modern-Tropical University Campus

In response to the ever-pressing need for knowledgeable human capital, Taylor's University College is building a state-of-the-art modern tropical university campus to meet the need of students and in line with the nation's goal of becoming a regional center of education excellence.

http://www.taylors.edu.my/images/about/content/campus/lakeside1.jpg

The commencement of work for RM450 million Taylor's Lakeside Campus in early 2007 is indeed an exciting phase in Taylor's 38-year-old history and underscores its continued commitment to self-development. It marks another milestone in Taylor's history where great strides have been made since 1969.

The Lakeside Campus will house all existing tertiary programmes, currently located at Taylor's various campuses in Subang Jaya and Petaling Jaya. Set on 27 acres of tropical greenery near Jalan PJS 7/5, the campus will be surrounded by a revived 5.5 acre man-made lake, as well as a landscape of water plants, trees and flowering shrubs and groundcover which will provide a rich and stimulating natural environment in the neighbourhood.

The completion of Taylor's Lakeside Campus is another step forward towards realising Taylor's mission to become a university of 20,000 students renowned for its teaching excellence and the distinctive quality of its graduate.


A Quick Tour of Taylor's lakeside Campus

A warm sense of arrival will be your first impression as the tree-lined University Drive leads you towards the grand Main Entrance. Turn at the Entrance Oval and Roundabout, and catch your first glimpse of the lake.

Pass the Retail Podium where inter-connecting streets lead to shops, cafes, banks, convenience stores and an array of service amenities. Next is a fully furnished 1,000-bed Hostel, neighbouring F&B outlets that face out to the lake and a boardwalk.

http://www.taylors.edu.my/images/about/content/campus/lakeside2.jpg

From the Main Drop-off down the Grand Staircase, proceed to the University Square and Amphitheatre. This popular and important gathering area will be flanked by the Hostel and Commercial Block on the west, Administration Offices, Student Union and a Multi-Purpose Hall on the north, Academic Blocks on the east and the lake on the south.

Plays, recitals and other performances will be staged at the ‘Art Precinct', formed by the Experimental Theatre, the 600-pax Auditorium, 300-pax Lecture Theatre and the outdoor Amphitheatre. The pride of the campus will undeniably be the Library, a splendid 4-storey glass edifice that warrants panoramic views of the lake.

http://www.taylors.edu.my/images/about/content/campus/lakeside3.jpg

Sheltered, landscaped promenades will provide easy access to scores of world-class facilities. Restaurants and kitchens for the Hospitality and Tourism Faculty. Fully equipped Laboratories for advancing skills and knowledge in Science, Computer, Audio and Video, Engineering, Architecture and Design. A Moot Court for making a case.

The beautiful new Taylor's Lakeside Campus will provide all the right conditions for a vibrant exchange between academic, commercial, social and leisure activities. More than just a home to new student population, it will be the nurturing ground for an energetic and dynamic new community.

Taylor's Lakeside Campus will be the vehicle for Taylor's to further enhance the delivery of its purpose, which is to educate the youth of the world to take their productive place as leaders in the global community.

Opening in 2009

PROPOSED ICONIC DEVELOPMENT KLCC
after completion of The Binjai KLCC...

http://www.glowfrog.com/images/project_elements/169_main.jpg
http://www.glowfrog.com/images/project_elements/170_main.jpg
http://www.glowfrog.com/images/project_elements/171_main.jpg

Kuala Lumpur Development

Project name: Confidential
Client: Woods Bagot
Project: High-rise commercial, mixed use development

^^
Great find Patchay. I often wondered when development starts on those lots.:)
Park seven owners will not be pleased with this.

^^ caya la :cool:

simply love the proposed iconic development...

^^ agree.. btw, it look like 50+ flr ;)

way way nicer than the ugly The Binjai.

TA Enterprise rated ‘buy’

Email us your feedback at fd@bizedge.com


TA Enterprise Bhd has been rated a “buy” by Citi Investment Research, with a target price of RM2.38 as it is underpinned by the company’s strong earnings growth prospects and the start of a prime property up-cycle.

“Our target price of RM2.38 implies a fiscal year 2009 (FY2009) price-to-earnings ratio (PER) of 15 times,” it said in a research note on Dec 13. It said that TA Enterprise had unique exposure to both the stockbroking and prime property markets in the country.

The company is expected to post an earnings growth of 45% over the next two years, while its prime property could see an earnings surprise on the upside, given the industry is in the early stages of an up-cycle.

However, the research house cautioned that TA Enterprise earnings could be affected by lower trading volume and external factors such as slow global markets and diminished investor sentiment towards Malaysian equities.

On a quarter on quarter basis, the stockbroking firm’s performance improved due to the recovery of financial receivables or writeback of past provisions of more than RM20 million and a 32% rise in property development profits, TA Enterprise said.

It said the increase in the property development contribution was due to higher recognition on profits on progress of Damansara Idaman Phase 3, Idaman Villas and Idaman Residence.

“Take-up rates for the group’s current projects have been good (average 70%) and given choice locations. We expect these projects to be fully sold by next year,” the research house added.

Nonetheless, it said the average daily volume for TA Enterprise’s stockbroking division for the third quarter ended Oct 31, 2007 (3Q08) fell to RM1.9 billion from RM2.3 billion in (2Q08) even though it more than doubled on year-on-year (YoY) basis.

“We estimate TA Enterprise’s market share improved to 5% for the quarter (2Q2008: 4.5%) due to higher retail participation in the overall market,” it said.

Stockbroking and related activities accounted for 66% of TA Enterprise’s earnings before income tax, according to Citi Research.

It said stock market volumes had also dwindled significantly — now averaging RM1.6 billion per day versus RM2.2 billion per day for the year.

“Nevertheless, we expect two major project launches next year — Bukit Bintang in mid-2008 and TA3 in KLCC by end-2008 — which we believe will drive better stock performance next year,” it said.

The research house said at RM1.27, TA Enterprise was currently trading below its book value of RM1.49 per share.

Mixed Used Developement
Lot 81 Jln Ampang Kuala Lumpur
http://www.rspkl.com/project/commercial/img/ofc6-01.jpg
http://www.rspkl.com/project/commercial/img/ofc6-03.jpg
http://www.rspkl.com/project/commercial/img/ofc6-02.jpg

Mixed Used Developement
Lot 108 Jln Ampang
Kuala Lumpur
http://www.rspkl.com/project/commercial/img/ofc7-01.jpg
http://www.rspkl.com/project/commercial/img/ofc7-03.jpg
http://www.rspkl.com/project/commercial/img/ofc7-02.jpg

haha these were posted by Me before... but very very very long time ago... and i think this project also planned longggg time ago maybe in 1990ss... anyone knows whether it is built onot?

haha these were posted by Me before... but very very very long time ago... and i think this project also planned longggg time ago maybe in 1990ss... anyone knows whether it is built onot?
Wasn't that beside Great Eastern Mall?

KUALA LUMPUR CBD DEVELOPMENT PLOTS

http://img165.imageshack.us/img165/7687/klcbddevelopmentplotsuy0.jpg
Copyright Patchay@SSC Research

Blue Box = Completed Project
Black Box = On-going Project
Red Box = Planned & Known Project
Red Rectangle = Land for Potential Development in the Future

Please feel free to update Me or let me know where I'm wrong or any info you have!

^^ Patchay, I'm really a big fan of your compilations la!!! Salute!! :master:

Well done Patachay:okay:

Glomac cadang lancar projek hartanah RM1 bilion
Oleh KAMARULZAIDI KAMIS



Fateh Iskandar.
--------------------------------------------------------------------------------



SUNGAI BULOH 20 Dis. – Syarikat hartanah, Glomac Bhd. (Glomac) berhasrat untuk melancar projek pembangunan hartanah bernilai hampir RM1 bilion sebelum akhir April depan.

Pengarah Urusan Kumpulan Glomac, Datuk Fateh Iskandar Tan Sri FD Mansor berkata, syarikat tersebut kini berkeupayaan untuk bersaing dari segi harga dan konsep yang betul dalam merangsang jualan dalam semua segmen pasaran.

“Glomac akan membina fasa-fasa baru di kawasan bandar baru yang telah kami bangunkan, di samping pelaksanaan beberapa projek baru.

“Pelancaran projek-projek baru kami iaitu Glomac Tower, Glomac Damansara, Sri Bangi, Glomac Galleria dan projek komersial di Hartamas dianggarkan memiliki Nilai Pembangunan Kasar (GDV) berjumlah RM85 juta,” katanya ketika ditemui di sini baru-baru ini.

Menurut beliau, Glomac telah berjaya merekodkan peningkatan keuntungan selepas cukai dan kepentingan minoriti (PATANI) sebanyak 153.9 peratus bagi tempoh enam bulan berakhir 31 Oktober 2007 kepada RM21.3 juta berbanding RM8.4 juta yang dicatat pada tempoh sama tahun lalu.

Dalam tempoh tersebut juga, syarikat itu telah meraih nilai jualan sebanyak RM141 juta dengan nilai jualan yang belum diterima pada akhir Oktober 2007 adalah pada paras tertinggi iaitu RM336 juta, tambahnya.

“Dalam tempoh ini, penjualan hartanah yang telah dimajukan adalah amat memberangsangkan.

“Kawasan perbandaran bersepadu yang telah dibangunkan ini termasuk di Bandar Saujana Utama (di Sungai Buloh, Selangor) dan Saujana Rawang, yang mana telah menaikkan reputasi Glomac sebagai antara pemaju hartanah yang teguh dan diyakini di negara ini,” katanya.

Katanya, berdasarkan momentum jualan yang mantap ketika ini, prestasi kewangan syarikat tersebut dijangka akan terus meningkat dalam tempoh selanjutnya.

“Kami memiliki lebih daripada 10 projek yang sedang dibangunkan sehingga April depan, selain itu kami juga akan mencari peluang-peluang baru dalam sektor ini untuk mempertingkat pendapatan dan daya saing syarikat,” katanya.

Mengulas mengenai penembusan pasaran di luar negara, Fateh Iskandar berkata, pihaknya menjangka operasi seberang lautnya akan menyumbang antara 15 hingga 20 peratus pendapatan dalam tiga hingga empat tahun akan datang, susulan penyertaannya ke dalam pasaran hartanah antarabangsa pada tahun lalu.

Menurut beliau, ketika ini perniagaan syarikat itu kini telah bertapak di Australia, Thailand dan India.

"Pada masa ini, pendapatan dari seberang laut adalah kecil. Kami hanya mendapat hasil sewaan di Thailand dan Australia.

“ Glomac telah membeli sebuah bangunan berharga A$30 juta di Melbourne, Australia tahun lalu dan membelanjakan lebih RM1 juta bagi pengubahsuaian,” katanya.

Pembelian itu meningkatkan pulangannya kepada lebih daripada lapan peratus daripada enam peratus, dan syarikat itu bersedia untuk menjualnya kepada pihak yang berminat, tambahnya.

MRCB buys 40% stake in GSB Sentral

Email us your feedback at fd@bizedge.com


KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is acquiring a 40% stake in GSB Sentral Sdn Bhd (GSBS), a wholly owned subsidiary of Gapurna Sdn Bhd for RM43.79 million.

In a statement on Dec 21, MRCB said it had entered into a share sale and joint venture agreement with Gapurna and GSBS respectively for the acquisition.

MRCB said GSBS is the beneficial owner of a piece of freehold land measuring 91,224 sq ft in Kuala Lumpur, which will be developed into an integrated development consisting of two office towers and one service apartment block.

"The joint venture will enable MRCB and Gapurna to pool their resources and expertise to add more facilities and commercial space at KL Sentral, to meet higher demand that is being generated by KL Sentral's positioning as the city's premium business hub," it said.

MRCB said would acquire 15.21 million shares of RM1 each in GSBS from Gapurna.

The principal activities of GSBS are call centres and outsourcing, construction, property management and advertising.

It would be very nice if anybody can make a picture of how KL would be in 5 years when all the current skyscrapers are being build / proposed and approved.

A nice picture of KL with:
Millenniun Residence - 57
Troika - 45 - 35 - 25
4 Seasons Center - 60
LOT C - 60
TA 2 & 3 - 60 - 35
Pavilion towers - 50 and 40
Berjaya Central Park - 2 times 50
The Avare - 40
Oval Suites 40
avenueK Residences 50 - 35
Lorong Binjai 40
Menara Glomac 40
Menara YNH (YNH Center) 60
Plaza Rakyat 80
ONE KL - 36
Cecil Chao Centre 2 times 50
And the new DBKL TOWER (use ur imagination) - higher then petronas twin towers

^^
I think you forgot some
Menara YTL
Menara commerce
D'rapport (If viewble)
ETC.... Please add more :D

http://www.wingtaiasia.com.my/prop_upcoming.htm

1. ceylon
2. dnp tower
3. u-tant

http://www.veritas.com.my/newsletter/Website%20Newsletter/december%202007/1.jpg
http://www.veritas.com.my/newsletter/Website%20Newsletter/december%202007/2.jpg
http://www.veritas.com.my/newsletter/Website%20Newsletter/december%202007/3.jpg
http://www.veritas.com.my/newsletter/Website%20Newsletter/december%202007/4.jpg

in Johor Bahru...





http://www.yarchitects.com/images/3.twintower_tb.JPGhttp://www.yarchitects.com/images/t3_2_tb.JPG
Gold55 Towers - twin 55 storeys
johor bahru
2006 - 2009

Gold55 when completed in 2009 will be the tallest towers in the southern region. At 55 stories, they are link two thirds up with a double-storey sky deck. The twin towers will house 650 service apartments while in the forecourt is a 150-suite boutique hotel. A timeless modern language is chosen for this architecture. The all gold rendition promises to please!


http://www.yarchitects.com/images/rs_tb.jpghttp://www.yarchitects.com/images/rasa2_tb.JPG
RS Service Apartments - 53 storey
johor bahru
in progress 2007

This service apartment is v-shaped in plan. Sited on a prime land in the city, it rises 53 stories to become one of the tallest buildings in the city of Johor Bahru. The void area created by the v-shape forms the circulation and ventilated corridors. Air is diverted into the void by 2 extended wind scoops. Perforated panels not dissimilar to the proposed MBJB building screen the car parking podium. Walls of creepers also feature in an attempt to provide vertical greening to reduce heat gain and CO2 emissions. Sky bungalows at the top floor afford great views.

Have been posted in this forum before...
THE TRILLIONS KL
http://www.llarchitect.com.my/pImages/tri03.jpg http://www.llarchitect.com.my/pImages/tri02.jpg


Apparently location not sooo good... near changkat raja chulan

Lee Kim Yew tawar RM55j beli Hotel Mint
Oleh Suffian A Bakar

TAN Sri Lee Kim Yew yang juga Pengarah Urusan Country Heights Holdings Bhd, bersedia membeli Hotel Mint pada pertimbangan tunai RM55 juta.

Ia adalah harga asal yang ditawarkannya kepada pengatur lelongan yang dilantik AmBank Bhd iaitu Ernst & Young, sebelum ini.

Lee berkata, beliau bersedia membeli hotel itu pada harga asal RM55 juta yang jauh lebih tinggi daripada harga diletakkan pembida dalam bida kedua dan ketiga, dengan syarat hotel itu disertakan dengan Sijil Layak Menduduki (CF) dan dibaik pulih supaya berada pada keadaan ‘boleh melaksanakan perniagaan’.



“Saya bersedia membeli pada harga tawaran asal, sekiranya hotel itu dinaik taraf kepada empat bintang.... tiga setengah bintang pun saya tetap terima, mengambil kira kedaifan ‘bangunan tinggal’ itu” katanya pada taklimat media di Kuala Lumpur, semalam.

Lee adalah bekas pemilik hotel tiga bintang itu menerusi Jennico Associates Sdn Bhd, yang mana premis itu pernah digunakan sebagai pusat media semasa Sukan Komanwel 1998.

Jennico Associates berada dalam penanggungan selepas gagal membayar hutang sebanyak RM47 juta pada 1995 untuk membiayai sebahagian daripada pembangunan Mint Hotel.

Lee menyerahkan bida asal membabitkan pertimbangan tunai RM55 juta bagi mendapatkan hotel itu pada 10 Oktober 2005 selepas mendapat nasihat AmBank.

Bida itu, katanya, diserahkan berdasarkan surat yang dihantar kepada AmBank pada 26 Oktober 1995 menggariskan bahawa beliau akan membeli hotel itu pada pertimbangan tunai RM55 juta, sekiranya Jennico tidak dapat membayar balik pinjaman.

Beliau mendakwa, Jennico diberikan pinjaman RM47 juta oleh AmFinance Bhd pada 1995 bagi membiayai sebahagian pembangunan hotel terbabit, tetapi hanya RM40.7 juta telah disalurkan.

“Bida itu diserahkan menerusi syarikat persendirian, Malaysian Reservation Systems Sdn Bhd (MRS), selain sudah mendeposit lima peratus atau RM2.75 juta kepada Ernst & Young.

“Yang anehnya, bida kedua pula dipanggil, walaupun kami menawarkan harga tertinggi” katanya.

Lee mendakwa menyerahkan bida kedua pada 16 Jun tahun lalu dan dua bulan kemudian muncul pembida tertinggi pada RM27.5 juta, tetapi hartanah itu masih tidak dilupuskan kepadanya.

Pembida lain ialah Lotus Family Restaurants Holdings Sdn Bhd dan Majestic Hotel.

Sebaliknya, pembubar perniagaan mengadakan pula bida ketiga, yang mana Lee tidak mengambil bahagian.

Lee mendakwa, sebaliknya beliau telah dipanggil semula untuk berunding yang mana bersetuju dengan harga tawaran baru RM37 juta, tetapi disebabkan beberapa isu termasuk ketidaktentuan CF dan kos baik pulih, telah menolaknya.

in Johor Bahru...





http://www.yarchitects.com/images/3.twintower_tb.JPGhttp://www.yarchitects.com/images/t3_2_tb.JPG
Gold55 Towers - twin 55 storeys
johor bahru
2006 - 2009

Gold55 when completed in 2009 will be the tallest towers in the southern region. At 55 stories, they are link two thirds up with a double-storey sky deck. The twin towers will house 650 service apartments while in the forecourt is a 150-suite boutique hotel. A timeless modern language is chosen for this architecture. The all gold rendition promises to please!


http://www.yarchitects.com/images/rs_tb.jpghttp://www.yarchitects.com/images/rasa2_tb.JPG
RS Service Apartments - 53 storey
johor bahru
in progress 2007

This service apartment is v-shaped in plan. Sited on a prime land in the city, it rises 53 stories to become one of the tallest buildings in the city of Johor Bahru. The void area created by the v-shape forms the circulation and ventilated corridors. Air is diverted into the void by 2 extended wind scoops. Perforated panels not dissimilar to the proposed MBJB building screen the car parking podium. Walls of creepers also feature in an attempt to provide vertical greening to reduce heat gain and CO2 emissions. Sky bungalows at the top floor afford great views.

http://www.yarchitects.com/images/3.twintower.jpg
Gold55 Towers

http://www.yarchitects.com/images/rs.jpg
RS Service Apartments

55 n 53flr? 4 a residence tower? kl developer shud learn sumtin frm dis!!!!!

http://www.worldarchitecturenews.com/index.php?fuseaction=wanappln.projectview&upload_id=886

E&O Hotel, Kuala Lumpur

^^ http://www.skyscrapercity.com/showthread.php?t=501948&highlight=e%26amp%3BO+hotel+kl

http://www.atsa.com.my/enews/junejuly04-15.jpghttp://www.atsa.com.my/enews/junejuly04-16.jpg
Overhead view from Jalan Sultan Ismail which is next to the 30 storey Service Apartments and Bandar Wawasan Shopping Center.


A design proposal for a Corporate Office Tower located next to Bandar Wawasan (Vision City) on Jalan Sultan Ismail. This Corporate Tower would be part of the Bandar Wawasan and to complement the existing development. Once completed the whole development will consists of 2 blocks of 30-storey service apartments, a shopping center and [the completed] 3 identical highrise office towers.

The design of the typical floor plans is triangular in shape which provides an interesting form when viewed from Jalan Sultan Ismail. The proposed building is to be located at the western side of Bandar Wawasan next to the proposed 2 blocks of service apartments. The triangular shape floors is also reflectedin its overall form and would be visible from the street level (Jalan Sultan Ismail). The building is placed at an angle to provide for a better view ofeach floors and not blocked by ,the adjacent buildings.



Conclusion of remaining projects at Vision City: a shopping mall, 2 blocks of 30-storey and 1 block of 40+ storey next to it.



http://www.atsaarchitects.com/atsa_web/archive/commercial/com_pro4b.jpghttp://www.atsaarchitects.com/atsa_web/archive/commercial/com_pro47b.jpg
6-star Hotel at Jalan Sultan Ismail

We were commissioned to design an all suite hotel which is to be located on a thight 1/2 acre site at Jalan Sultan Ismail. This 6 star luxurious hotel will only have 150 rooms including "super floor", a luxury penthouse suite which takes up one entire floor.

The swimming pool, a restaurant and other amentities are located on the roof top to take ful advantage of the city view.

The clent's request for a traditional building form structured on a classical base-body-head hierarchy was incorporated into our design but articulated with a modern architectural language using metal louvers and glass.

Corporate: DNP unlocks more value
By Ng Kar Yean
Email us your feedback at fd@bizedge.com

DNP Holdings Bhd's disposal and rationalisation exercises in the past two years have mainly been about freeing itself from loss-making businesses.
However, its disposal of a 6.28% stake in Diamond String Ltd, which operates the Ritz-Carlton Hotel in Hong Kong, should be a welcome development for its shareholders. The deal gave DNP a one-time gain of RM66 million.
DNP has also a slew of high-end condominium projects in prime areas scheduled to be launched in 2008. This is part of its plans to unlock the value of its assets, including existing landbank.
To recap, the 6.28% stake in Diamond String, together with shareholders' loan of HK$46 million (about RM19 million), was sold to CCB International Group Holdings Ltd for HK$214.91 million cash. The deal was completed last Monday.
The RM66 million will come in handy in increasing its working capital and paring down its debts, which have been rising in recent years. The group has been working on revitalising its property development and investment activities, which contributed to the rising debts. Its total borrowings increased to about RM133 million from RM95 million in end-2005.
DNP's total borrowings amount to less than 20% of its shareholders' fund of RM666.78 million, comprising share capital of RM320 million and reserves of RM347 million.
Despite the large funds, the group has not much cash. As at end-September, it had RM8.89 million. That is because of expenditure on land slated for development. For the 18 months until end-September, the group invested some RM53 million for this purpose. Another RM15 million was for the purchase of property, plant and equipment.
Much of the funds are tied up with investments in assets, such as property, plant and equipment, for its retail and garment manufacturing businesses (RM118 million), investment properties (RM217 million) and property development (RM265 million). Some RM86 million has also been spent on land for property development.
DNP's ongoing projects are The Meritz, a 110-unit luxury condominium located near the Kuala Lumpur City Centre (KLCC); the Sering Ukay township at Ulu Kelang, Gombak, and several projects in Penang. The Meritz contributed significantly to the group's property division for the 18 months ended June 30, 2007. The division's profit rose steeply to RM44.7 million from RM1.7 million.
Even taking into account that the financial period under review is for 18 months for FY2007 compared with 12 months for FY2005, the quantum of increase is still significant. Starting from FY2007, the group changed its financial year-end to end-June from end-December.

Also in the pipeline is another high-end condominium project at KLCC. The two-block condominium, comprising 200 units, will be launched in 1Q2008. The estimated gross development value (GDV) is RM840 million. It also has plans for two other condominium projects in Bukit Ceylon and U-Thant, with a combined GDV of RM624 million. The three projects have a combined GDV of RM1.46 billion.

As such, the bulk of DNP's earnings is expected to come from its high-end condominium projects in the next few years.
Based on expected inflow of cash from DNP's projects in Kuala Lumpur, surplus on re-evaluation of land and investment properties, as well as gain from disposal of the stake in Diamond String, the group's assets come up to over RM600 million. Adding to its shareholders' funds of about RM660 million, the group has a total asset base of about RM1.25 billion.
With about 320.2 million shares issued, and a share price at about RM1.80, its market capitalisation is about RM576.36 million, which is some 13% below its net asset of about RM660 million (total asset RM870.25 million minus total liabilities of RM203.46 million).
There could be several reasons why DNP's share price still trades below the value of its asset base.
Firstly, the group's revival is still at the initial stage. DNP has not been active for a number of years. This is reflected in its share price, which has been trading below RM1 for the past seven years. It was only in April 2007 that the price hit a high of RM3.02 in June 2007 on talks that DNP would be privatised.
The argument for taking DNP private is that its shares are trading at a cheap valuation in view of the new projects and the value of its assets. However, the group has dismissed all talk of privatisation, and the share price has eased back to below RM2.
Secondly, although DNP's new projects are in prime areas, buyers have yet to be secured. At the earliest, contribution from the projects will only kick in sometime in 2008. Thus, buying support for DNP shares at a higher level, say, RM3, is still not firm.
If the group is able to launch its projects as scheduled, with a good take-up rate, buying support should improve in 2008.

^^ cool

PLAZA ATRIUM - Pinehigh Development Sdn Bhd
33 Storey (extension)
Association: EJ Project Consultant Sdn Bhd
Architect: NRY Architects Sdn Bhd
(Tender Design Stage)

http://www.jpwawasan.com/images/H01B.jpg

^^ old project i think on hold right......in jln p ramlee i think

Does anybody know what will be build Oposit of One KL next to the Mandarin Oriental Hotel? (and i dont mean Lot C)

http://images.businessweek.com/ss/06/10/vertical_gardens/source/7.htm

If Paris is queen of culture, the Musée du Quai Branly is the latest jewel in her crown. Designed by French architect Jean Nouvel, the institution celebrates non-Western art and culture with a spectacular permanent collection of 3,500 artifacts (and another 300,000 stored in the basement). Blanc and Nouvel previously collaborated on the Cartier Foundation for Contemporary Art in Paris, and have plans to design and “dress” a new skyscraper in Kuala Lumpur in 2007.

IGB open to MiCasa sale if price is good
Its executive director indicates that IGB Corp may consider selling MiCasa if it fetches a price of at least RM175 million

By Vasantha Ganesan
2008/01/01


HOTEL and hospitality group IGB Corp Bhd says it will consider selling its Micasa All Suite Hotel in Kuala Lumpur if the price is good.

Executive director Tan Boon Lee said the group has received several enquiries about the 242-suite hotel from foreign parties, but no deals have been made so far.

It did not rule out a sale of the property.

"Anything that we have is open for sale," Tan told Business Times.

In 2006, the group via Goldis Bhd sold its stake in Sucasa Service Apartments Kuala Lumpur to Kuala Lumpur City Corp Bhd. Goldis owns 24.73 per cent of IGB Corp.

Tan indicated that IGB Corp may consider selling MiCasa if it fetches a price of at least RM175 million.

"The price of a condominium unit in the area is about RM1,000 per sq ft, and at MiCasa, we have about 175,000 sq ft in net lettable area," he said.

According to IGB Corp's 2006 annual report, MiCasa had a net book value of RM98.7 million.

MiCasa, a hotel described as performing "extremely well", closed yesterday after a 20-year existence, giving rise to speculation that the group had sold the property.

Tan, however, dismissed such talk, saying that MiCasa will be undergoing a RM50 million renovation and refurbishment over more than 12 months.

He said that the exercise is timely as another major project is being developed across the serviced apartments, which indirectly affects MiCasa's guests.

"It has been a good year for us. But the building is 20 years old and there is also construction work going on opposite," he said.

In an e-mailed message to its customers and business partners, the group said the hotel had been "closed to undergo an extensive upgrade encompassing all rooms, pool deck and public areas".

"It is expected that this will take approximately 18-20 months to complete. The end result will be a totally revitalised MiCasa pitched as the five-star luxury all suite hotel," it said.

The hotel's website indicates that it targets to reopen in mid-2009.

IGB Corp has a stable of hotels in various cities, including the St Giles Hotel in London and Heathrow in the UK, MiCasa All Suite Hotel in Yangon (Myanmar), New World Hotel in Ho Chi Minh City (Vietnam) and St Giles Manila in the Philippines.

The group, which also runs the Cititel hotel chain, has plans to open hotels in Sydney, Australia.

Future openings include the five-star The Gardens Hotel and Residences at Mid Valley City and the Goldis Tower boutique hotel, both in Kuala Lumpur.

Does anybody know what will be build Oposit of One KL next to the Mandarin Oriental Hotel? (and i dont mean Lot C)
Could this be Grand Hyatt? Maybe it just looks like construction is going on there and the site is only used to store construction material.

Right now store construction material for Lot C...

Khazanah said they would finalize and announce the deal with world theme park operator (disneyland, as they said)...but even now, no any news?

emm.....

http://thestar.com.my/services/printerfriendly.asp?file=/2008/1/2/nation/19895571.asp&sec=nation
Wednesday January 2, 2008

PUTRAJAYA: If Datuk Seri Tengku Adnan Mansor has his way, the Eye on Malaysia will be another icon of Kuala Lumpur, standing tall and proud along with the Kuala Lumpur City Centre (KLCC) and the KL Tower.

Realising how popular the tourist attraction by the Tasik Titiwangsa has become over the past year, the Tourism Minister plans to keep it there, with the help of City Hall.

“When we were planning to bring in the facility for Visit Malaysia Year 2007, I was told that the projected number of visitors was 300,000. However, by September, some one million people have visited the Eye on Malaysia.

“This shows visitors are attracted to it and it would be a good idea to have it as a permanent fixture for tourists. However, we will have to discuss with the City Hall as the site where the wheel stands belongs to the authority,” he said.

“We will also have to look into the concerns voiced by people living nearby. Their complaints are mostly about the traffic so we have to find a way to solve this.

“Having the Eye on Malaysia permanently will be good for the tourism industry. We hope to work out something so that it remains here,” he said, adding that the attraction would be available until August.

On another matter, Tengku Adnan said his ministry had directed the organisers of Malaysia International Space Adventure (Misa) to include more interactive features to the exhibition, adding that discussions were also being held with the Science, Technology and Innovation Ministry to invite Angkasawan Dr Sheikh Muszaphar Shukor to share his experience with visitors.

He said the number of visitors to the exhibition had yet to reach 5,000 daily, due mainly to the location and transport problems.

Currently, Misa received about 1,200 visitors every day, he said, adding that not many people were interested in an exhibition that was educational in nature.

“We are tying up with tour operators to include Misa as part of their visit to Putrajaya. We have also distributed 10,000 tickets to residents to encourage students and youngsters to learn more about space,” he said.

Khazanah said they would finalize and announce the deal with world theme park operator (disneyland, as they said)...but even now, no any news?

emm.....


Doesn't that apply to all government projects? You read about some huge project in the news, then nothing happens for a few years. Then you hear the same story again, keep on repeating but still nothing. All empty talk.

Ex: Nusajaya theme park, previously was with universal studios then it fell apart. Now Disney, news out since 2006 now is 2008.

Lrt line extension and new trains, they have been announcing this for how many years now?? Still nothing. What about the $10bln to improve public transport? Just waiting to read when they will actually start construction on the KJ line extension. Maybe next year?

Don't believe anything you read in the papers as far as mega government dream projects are concerned.

just heard from a friend whom was on the PTT skybridge today that the PTT are going to get 2 new towers but then in golden color.. and aparently also with a skybrigde. This was told during the expedition during the skybrigde tour... Anybody knows what kind of project this is?

My feeling is so far nothing is REAL about the govt mega projects in IDR, NCER, ECER ......

just heard from a friend whom was on the PTT skybridge today that the PTT are going to get 2 new towers but then in golden color.. and aparently also with a skybrigde. This was told during the expedition during the skybrigde tour... Anybody knows what kind of project this is?

Wat??? PTT get 2 new towers?? can confirm this again?

See a friend of mine was on the skybrigde when the tourguy explained this to him.. I found it a very strange story as well, and i can not confirm anything myself..

where on earth they going to build that??

^^there is one empty land on the cloud above to PTT, a DREAMLAND...:lol:

Either the tour guide misspoke or your friend heard wrongly. Why do we need another twin towers in gold? What's next ptt in blue?

I think the tour guide is just simply telling his own fictional story.

Thats what i thought as well. Or the guy was talking about the 4 seasons center but those towers are not really gold ( are they?? :s )

Thats what i thought as well. Or the guy was talking about the 4 seasons center but those towers are not really gold ( are they?? :s )


yeah i guess soo.... but how about with a skybridge? another clone of PTT near PTT?

maybe the upcoming DNP tower by jean nouvel

Maybe we should go up the skybridge and question the guys there.. see if it is real or not..

yeah i guess soo.... but how about with a skybridge? another clone of PTT near PTT?He told me that the towers will be right in front of the PTT it would be the same concept as the PTT but lower so it would compliment the PTT.

ye lah....he means the 4 seasons lah....aiyah...

He told me that the towers will be right in front of the PTT it would be the same concept as the PTT but lower so it would compliment the PTT.

Anthing to do with this maybe? Pic by Raza84

sorry wrong. Baq/Sze, please delete.

Klang Valley to have 3,700 more hotel rooms


By Vasantha Ganesan
Published: 2008/01/06


THE Klang Valley will have an estimated 3,700 additional hotel rooms as new three- to five-star hotels open for business, easing the peak season shortage.

The new openings, which consists of hotel rooms and serviced suites, would increase the total number of rooms by nine per cent.

There are some 40,000-odd rooms in the Klang Valley.

Some of the scheduled openings include Grand Mercure, a 333-room hotel in Putrajaya, a 420-room hotel with 207 suites at the The Gardens Mid Valley and the 300-room Royale Bintang in Mutiara Damansara.

"The number of openings is good as there is a good mixture of five-star, four-star and three-star category hotels," group chairman and chief executive officer of hospitality consultant MIHR Consulting Sdn Bhd Ivo Nekvapil said.

"(However), only few like Accor's opening in Putrajaya is an international brand...we could do with more brands and more are coming in 2009/2010 including Four Seasons, Hyatt and Swiss-Belhotel," he said.

"The 3,600-plus rooms are a comfortable level of new supply especially since there have been complaints that there is insufficient accommodation during the peak season like Formula 1 and the Arab tourist season (between July and September)," Nekvapil told Business Times.

Nevertheless, he does not expect the extra rooms to hamper the all-time high room occupancy of 74 per cent and an average room rate of RM295 per night projected for this year.

"The additional number of rooms is not a cause for concern. We are not expecting any (room) rate war," he said.

In 2007, the Klang Valley had about 1,100 additional rooms following the opening of One World in Bandar Utama Petaling Jaya, Peninsula Residences on Jalan Damansara , Puteri Park Hotel and Cititel Express.

Meanwhile, several openings scheduled for outside the Klang Valley in 2008 are the 263-room Novotel at 1 Borneo and the 338-room Mercure. Both are in Kota Kinabalu.

Also, there are the 45-room Casa del Rio Hotel and the 50 to 60-room Casa del Rio Suites in Malacca.


http://www.btimes.com.my/Current_News/BTIMES/Monday/Nation/htlrooms.xml/Article/Current_News/BTIMES/Images/hotel7.jpg

so no.6, 9 and 10......how come very low profile????

i think no 6 shud be the picollo mondo restaurant...they did a makeover there.....maybe they bought the whole building n create they own hotel......

no.9 the 163 tower next to hongleong tower....its in jalan perak not jln pinang.....

four season hotel & hyatt masih x clear la.

5. ?
6. http://www.skyscrapercity.com/showpost.php?p=12480637&postcount=116
9. Lot 163 is to be managed by Frasers International .... first Fraser in KL! [www.frasershospitality.com]
10. wat?? isn't Allson Genesis opened already???
13. Dorsett Regency at Chow Kit???? hahaha

and Sheraton Imperial KL will change name to St Regis KL... woot!





Klang Valley New Hotel Openings in 2008

1. Grand Mercure Putrajaya - Accor SA - 333 rooms
2. The Gardens Midvalley Hotel - IGB Corp (local) - 420 rooms and 207 suites
3. The Irat Chulan Plaza Hotel, Jln Conlay KL - Irat Boustead (same group as Royale Bintang, local) - 294 rooms and 100 suites
4. Acma Hotel Klang - local - 488 rooms
5. The Piccolo Hotel, above Piccolo Galleria Bukit Bintang KL - local - 247 rooms
6. Empress Hotel Chow Kit KL - local - 175 rooms


Serviced Residences Openings (Accommodation only)

1. Fraser Suites Kuala Lumpur (formerly Lot 163), Jln Perak - Frasers Hospitality Intl Singapore - 217 suites
2. Mayland SR Tower, Jln Munshi Abdullah KL - 178 rooms
3. Marc SR Suites, Jln Pinang KL - 50 suites
4. K Avenue SR, Jln Ampang KL - Olympia (local) - 188 suites


Recent Openings

1. One World Hotel, Bandar Utama PJ
2. Peninsula Residences All Suites, Jln Damansara KL
3. Puteri Park Hotel, Jln Raja Laut KL
4. Cititel Express by IGB, Jln Tunku Abdul Rahman KL
5. Traders Hotel KLCC
6. Novotel Hydro Majestic, Jln Kia Peng KL



2009 Predictions

1. Golden Palm Tree Resort by Swiss-Belhotel at Sepang Gold Coast (mentioned in http://www.swiss-belhotel.com/html/upcoming_event.html)

unconfirmed...

2. Four Seasons Hotel & Residences KL
3. Grand Hyatt KL

^^ wah...5 new swiss-belhotel in indon??

look at Dubai ... omg.... and see their latest super 7star proposal called The Apeiron omg...

Magna Prima targets GDV of RM2bil by 2011

KUALA LUMPUR: Magna Prima Bhd is targeting to build properties with a gross development value (GDV) of RM2bil by 2011 in the Klang Valley.

Chief executive officer Lim Ching Choy said Magna Prima's strategy was to build more commercial properties and medium- to high-end condominiums in densely populated areas that had good purchasing power and infrastructure.

“We still feel the Klang Valley has good growth potential for developers like us,” he said after the company EGM yesterday.

Lim said the company was always on the lookout for parcels of land in the Klang Valley in strategic locations that had been approved for commercial purposes.

“Once we have identified the land and acquired it, we expect to develop it within six months to a year,” he noted.

In its financial year ended Dec 31 (FY06), Magna Prima broke even, after being in the red for some time and is expected to show a sterling performance in FY07.

For the nine months ended Sept 30, Magna Prima posted pre-tax profit of RM20mil, compared with a loss of RM5mil in the previous corresponding period.

“In our third quarter we posted a pre-tax profit of RM9mil,” Lim said, adding that the company was looking at a 20% dividend payout to its shareholders based on Magna Prima's net profit for 2007.

Financial controller Phan Gaik Cher said the company currently had four projects in hand with a GDV of RM1.1bil. Two projects, an integrated property development project in Jalan Kuching (GDV of RM736mil) on 10.23 acres and another in Shah Alam (GDV of RM140mil) on 4.78 acres – will come on stream soon.

Phan said Magna Prima's gearing was about 0.67 but the company had plans to bring it down to 0.5 in the near term.

She said the company's land bank, all in the Klang Valley, stood at 102 acres. Magna Prima's completed projects include Magnaville condominiums in Selayang, the high-end Avare condominiums in the city centre and Casa Prima condominiums in Kepong.

Coming Soon...

49 and 43storey in the heart of KL designed by Jean Nouvel for WingTai-DNP

^^ rendering pls :D

Malaysia Airports to unveil property project in 2-3 months
The airport operator aims to increase its commercial or non-aeronautical revenue to 50 per cent by this year

By Anna Maria Samsuddin Published: 2008/01/08


MALAYSIA Airports Holdings Bhd (MAHB) plans to unveil its maiden commercial property development, involving some 10,000ha of KL International Airport (KLIA) land area, in the next two to three months.

Managing director Datuk Seri Bashir Ahmad said under the plan, which is part of its future growth strategy, the project will have a recreation park, business centres, offices as well as a theme park.

He was tight lipped on the project's details.

"We have already come up with a proposal for this project. We will make an announcement on this in two to three months," he told reporters after the launch of KLIA's 10th anniversary campaign by Transport Minister Datuk Seri Chan Kong Choy in Sepang, yesterday.



The airport operator aims to increase its commercial or non-aeronautical revenue to 50 per cent by this year.

Aside from the property project, MAHB is also revamping retail and food and beverage outlets at the airport area.

Bashir said MAHB expects to receive between four and five new foreign airlines flying into KLIA this year. Talks are still ongoing.

"We are still at the talking stage at this moment. We will not disclose the name of these airline as we want them to make the announcement themselves."

A total of 53 airlines are currently operating in KLIA, including seven new airlines that started their operations last year.

He also expects KLIA to handle between four and five per cent more passengers this year, against last year's 26 million passenger.

About seven million of that are those using the low-cost carrier terminal (LCCT).

As part of the 10th anniversary campaign, MAHB launched the logo, theme song and new attire for the frontline staff.

"The year 2008 will also be a good year to showcase KLIA's strength and credibility, as more than 2,000 airport and airline representative around the world will congregate in Kuala Lumpur for the 14th edition of World Route Development forum (Routes), for which MAHB will be the host," added Bashir.

Malaysia among top choices for property investments
Asia Property Trends Survey 2007 shows that there is healthy foreign interest in Malaysian properties
Jan 9, 2008

The iProperty.com Group, Asia’s leading network of property portals and owner
of Malaysia’s No. 1 property and real estate website, today unveiled Part 1 of the results of its online Asia Property Trends Survey 2007. The Survey interviewed 2,066 local and overseas property buyers looking for investment opportunities in Asia.


The results will be released in two parts in Malaysia: Part 1, released today, reveals findings on foreign investors of Malaysian property and Part 2, which will be released later this month, will focus on the investment behaviour of local buyers.



One of the most prominent findings was that Malaysia, alongside Singapore and Thailand, features amongst investors’ top choices for property investments.



55% of foreign respondents indicated that they were hunting for high-end or luxury properties in the USD100,000 to USD500,000 price range. In fact, 15% said that they were keen to invest in property ranging from USD500,000 to USD1 million. A clear indication that they were serious and experienced investors was the fact that 34% had bought at least one property over the past 24 months, with 23% having purchased two or more properties in the same period.



95% of those surveyed said that they intend to purchase property within the next 12 months, which strongly points to the fact that they are on an active hunt for investment opportunities. The foreign respondents strongly favour high-rise dwellings, with 55% and 39% voting for completed and newly-launched condominium units respectively.



The typical overseas property investor is a professional or senior executive (49%), with an annual household income of well over USD40,000 (58%).



Commenting on the findings of the iProperty.com survey, Patrick Grove, Executive Chairman of the iProperty.com Group said, “The iProperty.com survey results have confirmed the fact that there is a lot of foreign interest in Malaysian property. These foreign buyers have big budgets and are actively looking for high-end property investment opportunities here. This is quite a pleasant surprise actually, and it definitely augurs well for Malaysia’s property market as well as the `Malaysia My Second Home’ (MM2H) Programme, launched by the Government to attract skilled, affluent foreign property investors to Malaysian shores.”



The Survey also found `location’ to be the single most important factor property investors consider, at 2.5 times more important than the second most critical factor, price. How `friendly’ a country’s policies are to foreigners ranked third amongst the checklist of factors. Perhaps most surprising of all is the finding that as many as 37% of those interviewed said that they would be willing to consider purchasing a property, without actually viewing it first.



The Internet is their primary property search tool



67% of foreign property investors said that the Internet is the first tool they turn to when initiating their hunt for viable properties in their country of choice. When asked what they relied on most for updates on properties available for sale, 64% indicated the Internet.



The Internet featured prominently as the tool of choice, with 95% of overseas investors using it to hunt for properties available for sale, 56% to research on market trends, 50% to update themselves on the latest property news, 33% to research on developers, and 23% to look for real estate agents.



Grove added, “We are pleased to learn that an overwhelming proportion of foreign investors use the Internet as their primary property search tool due to the rich and up-to-date content, accessibility, convenience and speed it offers. iProperty.com is committed to further enhancing our websites’ content and product offerings to serve them even better.”

LCL unit wins RM145m Dubai hotel job


Published: 2008/01/09



LCL Corporation Bhd’s United Arab Emirates unit, LCL Interiors Contracting LLC, has secured a RM145 million contract to undertake interior works for the Hotel Tower at Tiara United Towers.

The contract will involve 332 hotel rooms located at Tiara United Towers, a project touted to be an architectural icon in Dubai upon its completion next year, the group said in a statement here, today.

“This contract will enhance our order book and will provide us with a sustained income base over the next few years.

“It reflects the success of our group’s expansion efforts so far,” its group managing director Low Chin Meng said.

The uniqueness of Tiara United Towers, a development jointly undertaken by Dubai-based property developers Zabeel Investments and United Holdings, lies in the colouration technique used which will have the building appear in multiple colours as the building ascends. — Bernama

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LCL bidding for XL jobs in Dubai

By C. S. TAN

PETALING JAYA: Interior fit-out (IFO) group LCL Corp Bhd is bidding for extra large, or XL-sized jobs, worth hundreds of millions of ringgit each in Dubai.

Its success in the tenders would take LCL to yet another level, as the company has moved up to jobs amounting to RM100mil each currently compared with contracts valued at RM20mil to RM30mil a few years ago.

LCL told Bursa Malaysia on Wednesday that LCL Interiors Contracting LLC had received a letter of award from main contractor, Arabtec Construction LLC, to carry out IFO works worth RM145mil for Tiara United Tower in Dubai.

A 49%-owned associate company, LCL Interiors is based in the United Arab Emirates (UAE) where Arabtec, a large construction group, is also based. Arabtec, with joint-venture partners, is constructing the Burj Dubai, slated to be the tallest building in the world.

Although IFO jobs of RM100mil were considered big in South-East Asia, they were viewed as small in Dubai, LCL managing director Low Chin Meng told StarBiz in a telephone interview from Dubai on Wednesday.

LCL has submitted bids for huge IFO jobs ranging from RM400mil to RM600mil each, which the company is hopeful of securing. As IFO works typically form about 30% of a commercial building's total project cost, the jobs tendered for would involve buildings that cost about RM1.5bil to develop.

“This is a very exciting year for LCL. Management is working very hard,” Low said just before he returned to Malaysia.

On the contract announced on Wednesday, Low said the stock (market) had “expectations of new projects. We're meeting those expectations.”

In the announcement, LCL said the payment terms included “an initial advance payment of 25%,'' which works out to about RM36mil. It is expected to be paid within a month.

“It is only in this part of the world that the main contractor is willing to advance 25% to you. It's due to demand (for IFO services) being greater than supply here,” Low said.

LCL has said before that it is working towards an order book of RM1bil in the Middle East. “That's the path we're taking,” Low said, “but if we take on RM1bil of projects, we would need a few hundred million ringgit in working capital.''

“That would push our gearing to three or four times,” he added.

The company's net borrowings were about two times shareholders' funds at the end of September last year.

Hence, LCL has set a criterion that customers make a relatively high advance payment before the company would take on a job. At the same time, it also seeks faster progress payments.

“In those days, clients were given 75 days of credit after the certification of works was issued.

“Now, we're giving 45 days, sometimes even less, thus cutting the credit period by a month,” Low said.

He said the company would still have to borrow for working capital but “getting it from the client helps.” In addition to these sources, the company has proposed a rights issue to raise about RM80mil cash.

LCL is geared for strong growth. “We came here at the right time and did the right thing,” Low said.

Foreigners hunting for M'sian properties go online first
Foreigners also use the Internet to research market trends, find out more about developers and look for real estate agents, says an iProperty.com survey

Published: 2008/01/10


THERE is a lot of foreign interest in Malaysian property, normally for high-end assets, and the bulk of them turn to the Internet first when starting their search.

About two-thirds of foreigners go online first when they are looking to buy property abroad, an online survey by iProperty.com Group revealed.

"The Internet featured prominently as the tool of choice, with 95 per cent of overseas investors using it to hunt for properties available for sale," executive chairman Patrick Grove said.

Foreigners also use the Internet to research market trends, find out more about developers and look for real estate agents.

The typical overseas property investor is a professional or a senior executive, with an annual household income of well over US$40,000 (RM130,800).

Malaysia, alongside Singapore and Thailand, features among investors' top choices for property investments, the survey showed.

iProperty.com Group conducted an online survey of 2,066 local and overseas property buyers looking for investment opportunities in Asia, from November 15 to December 31 2007.

Dubbed "Asia Property Trends Survey 2007", the results are to be released in two parts.

Raising the Profile of Malaysian Properties, Overseas
Local Property Developers to Showcase Products Abroad
Jan 11, 2008

Come this spring, local property developers will be heading overseas to showcase their products in a series of exhibitions, abroad.

Renowned property consultant, Henry Butcher Malaysi
a (Penang) Sdn Bhd, is spearheading an investment delegation to the UK in April, joined by 10 Malaysian developers. In doing so, Henry Butcher Malaysia will be collaborating with Malaysia Airlines (MAS) and Kuala Lumpur-based The Expat Group.

According to CEO Dr. Teoh Poh Huat, the property consultant is "...targeting affluent individuals and private equities in the UK". Dr. Teoh was speaking to reporters, after attending a half-day seminar on "Branding Malaysia as a Destination For Property Investment and As a Second Home" in Penang, on Tuesday.

He also added that the property mission from April 25 to 27 will constitute part of the "A Place In The Sun" property exhibition in London. "A Place in the Sun" is a British daytime lifestyle programme about buying property abroad, which usually focuses on places in southern Europe. In recent years, however, the programme has also featured a number of places in other areas of the world, as the tastes of British homebuyers become more and more diversified.

Apart from the UK, Henry Butcher is also eyeing markets like Germany, Dubai, Hong Kong and Singapore to promote Malaysian properties. "Our efforts in showcasing Malaysian properties in Indonesia last year had already seen about 40 buyers from Sumatera snap up RM10 million worth of Penang properties," Dr. Teoh revealed.

In 2007, MAS's holiday marketing arm - Golden Holidays - collaborated with Henry Butcher in Penang to launch the "Property Investment and 2nd Home" (PI2H) programme. The programme, designed to lure more foreigners to invest in Penang properties, is targeted to lure 7,500 foreigners to Penang every year.

Wan Mohd Ebrahim Wan Hasnan, MAS area manager (northern region) was optimistic in his outlook: "We expect to double this figure within four to five years and eventually register an estimated 25,000 foreigners per year to Malaysia under this programme."

Sunrise Bhd has 0.72ha at the KLCC area for a commercial condominium development to be launched in 2008. :banana:

what is commercial condominium??

condos that are going to be sold to mass market? ha ha

Magna Prima on lookout for high-yielding land

The property developer rules out plans to buy land in Penang and Johor, or expanding overseas in the near future

PROPERTY developer Magna Prima Bhd said it plans to continue buying high-yielding land in the Klang Valley and Selangor, to maintain its profitability.

It is also banking on its four existing projects in Kepong, Selayang and at the Kuala Lumpur City Centre area, and two new launches this year, all worth RM2 billion, to achieve better margins over the next few years, its chief executive officer Lim Ching Choy said.

The company recorded a net profit of RM93,000 in 2006 against a net loss of RM10.95 million in 2005.

For the nine months to September 30 2007, it posted a net profit of RM14.8 million.

"We will be able to churn in a higher profit for the last quarter as we registered better sales last year," Lim told reporters after its recent shareholders' meeting.

Magna has unbilled sales in excess of RM300 million, which will last the company for two years, he said.

"Our aim is to go for hot spots, where land is ready for development and there is fast turnaround, while increasing unbilled sales," Lim said.

Lim ruled out plans to buy land in Penang and Johor, or expanding overseas in the near future.

The company, in which Tan Sri Chua Hock Chin, the former executive vice-chairman of Road Builder (M) Holdings Bhd has a 6.25 per cent interest, is now targeting to launch new commercial and residential properties in Batu 3, Shah Alam, and Jalan Kuching, Kuala Lumpur, by March and June respectively.

For its Jalan Kuching property, it plans to build 20 units of three-storey shops, 200 units of signature offices, a 15-storey hotel/office block, a retail mall, and two blocks of service apartments comprising 800-units sprawled over 10.93 acres.

Magna is planning to sell these properties, which will be completed by July 2011, while retaining the shopping mall for recurring rental income.

"The acquisition of this land for RM57.93 million is in line with the company's business model that is to buy land with development order for fast project turnaround," Lim said.

In Shah Alam, the company plans to build residential and commercial units by 2010, targeting the medium class segment.

Meanwhile, Lim said that Magna is considering acquiring small firms to expand its property and construction activities, and plans to migrate to the main board of Bursa Malaysia in three years to enhance shareholders' value.

He said the company will also issue one fifth of its profit for 2007 as dividend to shareholders by the middle of this year.

Tan & Tan expanding niche development

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Stories by ANGIE NG

TAN & Tan Developments Bhd, a wholly owned unit of IGB Corp Bhd, is expanding in the niche residential property market with the launch of new lifestyle products in the Kuala Lumpur city centre and the suburbs in the Klang Valley.

Over the next two years, the company will launch 11 upmarket projects in the Klang Valley worth a total gross development value (GDV) of RM2.5bil. These projects will keep the company busy for the next five to six years.


Teh Boon Ghee (left) and Kevin Kuok with the model of the Hampshire Place
“Our focus will be on key and new growth areas such as the Kuala Lumpur City Centre (KLCC) vicinity, Ampang Hilir, Wangsa Maju, Desa Pandan, Mid Valley City and Sungai Buloh, where there is a lot of infrastructure development,” Tan & Tan executive director Teh Boon Ghee told StarBiz.

He said the robust residential property market, especially for high-end residences in the Klang Valley, offered developers with good track records in niche housing projects immense opportunities to further add value to the residential landscape.

“Malaysia has emerged as a competitive real estate destination, and there is growing foreign interest in our real estate. The onus is on developers to come out with more well designed and quality products that offer high investment values,” he added.

Teh said the Malaysia My Second Home (MM2H) programme had been effective in attracting foreigners to the country.

Last year, 8,000 foreigners participated in the programme, with over 1,700 people making Malaysia their second home.

“With the Government continuing to ease restrictions on foreign ownership of local residential properties, there will be more participation in the MM2H programme.

“The increasing number of foreigners making Malaysia their home will boost demand for high-end and niche developments. Going forward, the market will be seeing more new luxury properties coming on-stream to attract the well-heeled and high net worth investors, both local and abroad,” Teh noted.

He said Tan & Tan would launch more innovative lifestyle products to take advantage of the strong interest for residential properties in robust locations and new growth areas.

The company is also taking steps to strengthen its premium branding through positive customer experience and provide value and security for all its projects in the mid to high-end segments.

Tan & Tan general manager of group marketing Kevin Kuok said one of the more attractive projects, to be launched in March, would be Hampshire Place, comprising service residences and corporate offices-cum-retail space.

The 30-storey block of 186 service residences will feature residences with built-up from 764 to 3,257 sq ft and priced from RM674,000 to RM1.3mil.

Another 30-storey block will accommodate 219,222 sq ft of corporate offices and retail space, worth a GDV of RM188mil.

Besides being one of the leading players in the luxury condominium market, Tan & Tan is also building up its presence in the mid to high-end landed residential sector in good locations in the Klang Valley.

Its portfolio of ongoing projects includes five luxury condominium developments and service residences and a gated community project.

Projects planned for launch in the next two years include three landed villa projects in Sierramas West and Wangsa Maju and two service residences with shop offices.

With the line-up of the upmarket residential projects, Tan & Tan's contribution to IGB group earnings is expected to increase from 30% now.

The company is also making efforts to expand its land bankthrough more joint ventures and new land acquisitions.

Teh said that since the amendment of the Strata Titles Act last year that allowed landed strata title developments, Tan & Tan was looking at building more such projects.

“Landed strata title residences are still a relatively untapped market, and the company has lined up a number of such projects for launch in the next two years.”

He said such developments provided scope for uniformity of the project design for the common interest of the buyers and would ensure greater flexibility in the project planning.

Among the company's upcoming landed strata title projects is Sierramas Mews that will comprise 17 landed villas with a GDV of RM32mil. Other projects will be on 25 acres in Ulu Klang/Dataran Ukay and 37 acres in Melawati.

Teh said the much-awaited plans by the Kuala Lumpur City Hall (DBKL) to further spruce up the city through infrastructure development would raise the value of developments in the Ampang and Jelatek areas.

“The ongoing infrastructure developments by DBKL, including road projects in Wangsa Maju and improvements in highway connectivity with the Duta-Ulu Klang Expressway (Duke) and the Putrajaya-Kuala Lumpur highways, will offer strategic access points to the company's landbank,” he said.

Bandar Raya expands land bank



Bandar Raya Developments Bhd (BRDB) has expanded its land bank in the Klang Valley with the acquisition of 10.1ha of freehold land fronting the Federal Highway in Subang Jaya.

In a statement, BRDB said the RM125.86mil purchase signalled a more aggressive approach by the group to acquire land for development in prime areas.

Chief executive officer Datuk Jagan Sabapathy said the company planned integrated development comprising retail, street retail, designer suites, office suites and apartment blocks.

“The project is expected a total gross development value in excess of RM1.5bil,” he said. – Bernama

Quill Capita to manage assets worth RM750m



The CEO Interview
Stories by DANNY YAP

QUILL Capita Trust (QCT), a property trust that has been listed on Bursa Malaysia for a year, is going on an expansion trail that is projected to increase its portfolio of assets under management to at least RM750mil by year end.

QCT was listed on Jan 8, 2007, with four properties worth RM276mil under the Real Estate Investment Trust (REIT). All the properties are located in Cyberjaya with a combined net lettable area of 493,118 sq ft.

The REIT's manager, Quill Capita Management Sdn Bhd (QCM), recently placed two more properties into the trust, making it six properties in its stable.


Wisma Technip is one of the latest properties acquired and placed into Quill Capita Trust
QCM chief executive officer Chan Say Yeong said the two new additions - Wisma Technip, and the retailing and car park portion of Plaza Mont' Kiara – were acquired for RM125mil and RM90mil respectively, hence expanding QCT's net lettable area to 799,547 sq ft (excluding car park area).

Wisma Technip is a 100% occupied office building with a net lettable area of 233,021 sq ft, while the commercial shops are leased to food and beverage and retail tenants.

The car park lots of Plaza Mont'Kiara have a net lettable area of 73,408 sq ft with a 94.9% occupancy. The sale and purchase agreements for both properties were signed on June 8, 2007.

Chan said a placement of 151.44 million new units in QCT was concluded on Sept 3, which raised RM226mil, thus allowing the two properties to be purchased quickly.

Funds from the exercise allowed QCT to lower its gearing from to 0.17 from 0.31 and also gave the option to borrow up to RM400mil from financial institutions, which is preferred over selling more shares to raise funds.

In Malaysia, REITs are restricted to a gearing of 50% under the Securities Commission's guidelines.

Chan said QCT's recent acquisition and injection of two properties was just the start of an accelerated expansion plan to place more properties into the trust.


“Within five months from the date of QCT's listing, we bought two more yield-accretive properties with high occupancy and long-term tenancies,” he said, adding that the acquisition was in line with QCM's strategy to achieve better geographical spread of properties across the country to reduce risk.

Chan said the acquisitions were also in line with QCM's growth strategy to double QCT's asset size to at least RM560mil by end-2007.

“We have achieved this target and the REIT's performance (in terms of share price and investment return) has not disappointed investors,” he said.

QCT's share price closed at RM1.30 last Friday, representing a 54.7% rise its initial public offering price of 84 sen.

“We are now poised to fast track the growth of the trust,” Chan said, adding that there were several properties either from Quill Group of Companies (Quill) and CapitaLand or third party transactions that could potentially be injected into the REIT in the near to medium term.

Quill and CapitaLand are both significant stakeholders of the trust. The latter is one the largest listed real estate companies in Asia headquartered in Singapore.

Chan said other properties from Quill which could potentially be injected into the trust in time were the office tower Lot J at KL Sentral (350,000 sq ft), HSBC headquarters near Masjid Jamek (100,000 sq ft) and an integrated development, Vision City, located at Jalan Sultan Ismail (comprising 300,000 sq ft office space and 700,000 sq ft retail space).

He said Quill also had other properties in Cyberjaya that could be placed into the REIT.

“There's one property project due for completion soon, and also an office building in Petaling Jaya's Section 13 and a logistic centre in Subang that could be sold to the trust,” said Chan.

He added that QCM would be offered the first right of refusal on the commercial properties from Quill.

Moreover, Chan said, QCT could rely on CapitaLand to support the growth of the trust as it had a stake in the REIT.

In March 2007, CapitaLand announced the establishment of the Malaysia Commercial Development Fund with a target fund size of US$270mil.

The objective of the fund was to enable institutional investors (who park their money into the fund) the opportunity to invest in the Malaysian real estate sector.

Some of the properties from CapitaLand that could potentially be placed into the Reit are One Mont' Kiara (170,000 sq ft office space and 250,000 sq ft retail space), a property project in Hartamas area (500,000 office space and retail) and several property projects in Petaling Jaya.

On acquiring overseas property to enhance the REIT, he said it was unlikely.

“We will stay focussed on Malaysian properties because of their attractive valuations and rental, compared with other Asean countries,” he said, adding that foreign investors generally preferred investing in REITS with real estate portfolios that were within a specific country.

On the portfolio of investors in QCT, Chan said: “The trust has an equal balance of foreign and local investors.”

Friday January 11, 2008


Riverfront Properties



Properties From A Feng Shui Perspective: Part 22

By David Koh

Lebuh Ampang used to be the border to the Old Market Square at the heart of old Kuala Lumpur. It joined the market to Jalan Ampang, which leads to Ampang Town up north. (For Google map reference, please log on to http://maps.google.co.uk/ and search for Kuala Lumpur.)

There are a number of old buildings along these roads. The HSBC Building (formerly Hongkong and Shanghai Banking Corporation) sits here, facing the square.


A Light Rapid Transit (LRT) station is atop Jalan Tun Perak, raising concerns about the long-term effects of the LRT lines on businesses and residences here
Jalan Benteng can be found here: an actual road running between the Klang River and the building. It is good to build roads beside a river as this will give buildings the opportunity to face the river and enjoy the full benefit of harmonious energy.

BETTER ENTRANCE

Sadly, the HSBC building does not have a main entrance at Jalan Benteng. The HSBC building manages to choose the next best option: its entrance parallels the river in a downstream direction.

Still, a river-facing building would prosper better. Thus, Wisma Hamzah and Wisma MBSB are actually well positioned in this regard.

Lebuh Ampang runs parallel to Jalan Tun H.S. Lee and Jalan Hang Lekiu. Therefore, buildings on one side – facing the river – are likely to do well, too.

These three roads are linked by Jalan Tun Tan Siew Sin (formerly Cross Street, later Jalan Silang) which runs perpendicular to the Klang River. This again presents an interesting dilemma: buildings on both sides are parallel to the river, but one side faces downstream while the other, upstream. So, one side will likely do better while the other would experience mental disturbances.


FINANCE MINISTER

As you drive down Jalan Tun Tan Siew Sin, a one-way street, you may notice that buildings on the left tend to do well as their entrances follow the river’s flow. Jalan Tun Perak is a major road that forms part of the old town’s golden triangle. It was a major thoroughfare leading to Foch Avenue (now Jalan Tun Tan Cheng Lock) and Jalan Pudu.

As this was also the central business district, we can find several office buildings here, such as Lee Yan Lian and Lin Ho buildings

BENDAHARA


Jalan Tun Perak was named after the famous bendahara or prime minister of the Malacca Sultanate. Today, Jalan Tun Perak looks very different. The traffic jams are still there but now, there is a Light Rapid Transit (LRT) station atop it. Fast moving trains exert push and pull forces on their surroundings. They displace volumes of air and create a suction effect that follows their wake. This in turn draws away energy – the term “feng shui” comes from the understanding that energy is stopped and reflected by water; dispersed by wind.

TRAIN TRACKS

Those with good feng shui orientation, such as Menara OCBC, may have their good fortunes dampened. As a consolation, the Masjid Jamek station is located close by and this slows down the trains. So, buildings nearer the station may experience a lesser effect of the energy dispersal. As you drive down Jalan Tun Perak from City Hall to Jalan Pudu, you will see there are many shops on the left that do well (or previously did). That is because they are parallel to the river and face downstream. They also have a “dragon” backing them – Bukit Nanas.

On the right side, there are very few buildings facing Jalan Tun Perak. This is actually a good idea, as it is not conducive at all to face a hill and against the river flow.

As Jalan Tun Perak is almost parallel to Jalan Silang or Tun Tan Siew Sin, the roads that cut across the latter also criss-cross with Jalan Tun Perak. Remember Jalan Hang Lekiu, Jalan Tun H.S. Lee and Lebuh Ampang? Buildings that face the river would enjoy very conducive energy while those with their backs to it may experience detrimental effects.

This principle applies to all buildings along these roads and the tiny Jalan Melaka, which parallels them.

PINEAPPLE HILL

Jalan Ampang curves around Bukit Nanas and becomes Jalan Gereja after the intersection with Jalan Tun H.S. Lee. Buildings on the inner embrace of this curved road enjoy tremendously good energy: their backs are higher thanks to the hill (the “dragon”); they face the river or follow its flow; they are located at the embracing concave side of the river.

There is an unusual cluster of buildings near the river. The AmanahRaya building, Takaful Nasional (Bangunan Dato Zainal) and Menara Bank Muamalat (formerly Bank Bumiputra) are located along Jalan Melaka near the river. Their natural orientation would be to face Jalan Melaka and Jalan Ampang.

These buildings are in the embrace of the river (good) but the outer convex of Jalan Ampang (not so good). By facing Jalan Melaka and Jalan Ampang, they also do not enjoy the energy pools by the river. In fact, the effects of backing the river may even be harmful. Such is the unusual dilemma of this parcel of land: it has the potential for abundant beneficial energy but done wrongly can also be detrimental to harmony and prosperity.

This series on feng shui and real estate properties appear courtesy of the Malaysia Institute of Geomancy Sciences (MINGS). You can send in your queries on feng shui and properties via our feedback link at the bottom of the page. David Koh is the founder of MINGS and has been a feng shui master and teacher for the past 35 years.

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More high-end projects in pipeline in the vicinity of KLCC

HAVING carved a niche in the luxury condominium market in Kuala Lumpur, Tan & Tan Developments Bhd is setting its sights on the Kuala Lumpur City Centre (KLCC) area.

With its first project in the KLCC vicinity scheduled to roll out next year, the company is already making efforts to expand its landbank to have a bigger presence in the highly sought-after location.


The interior of the Hamsphire Place
Tan & Tan has a few parcels of land in the vicinity of KLCC and is looking to acquire more land and team up with other landowners for more signature projects in the area.

According to executive director Teh Boon Ghee, the tendering process for some parcels of the KLCC land is now underway.

The first project to kick off will be the 6 Stonor in Jalan Stonor, Kuala Lumpur. The project is slated for launch next year, with completion in three years.

The company has been granted approval for a 30-storey condominium block, and the project design and planning are currently in progress.

Teh said the 106 units of upmarket condominium would have built-up areas of between 2,800 and 8,000 sq ft with a tentative price of RM1,200 per sq ft.

“We want to do something more iconic and different for 6 Stonor to add value to the architecture landscape of the KLCC neighbourhood. The location is also splendid, and it will have Park 7 and Stonor Park as its neighbours,” he added.

Since pioneering the development of the first condominium project in the country (Desa Kudalari) in the early '80s, Tan & Tan has become one of the more well regarded names in the luxury condo market.

“Over the years we have been one of the leading property players in the Kuala Lumpur city area. The company's prime focus will remain within the city, and a number of new developments are in the pipeline for launch this year,” Teh said.

Among its list of successful condominium projects are One Jelatek, U-Thant Residence, Northpoint, Cendana and Hampshire Park.

One Jelatek, located close to the KLCC enclave, comprises a 20-storey block of 90 condominiums worth a gross development value of RM62mil.

The residences, with built-up areas of 1,327 sq ft to 1,649 sq ft, are priced from RM595,000 to RM1.7mil.

U-Thant Residence, located within the city's Embassy Row enclave, comprises three blocks of six and 10 storeys with 77 residences. The units of 2,400 to 6,800 sq ft are priced from RM2.1mil to RM4.55mil.

Cendana, along Jalan Sultan Ismail, comprises 152 condominiums of 1,900 to 5,000 sq ft priced from RM1.4mil to RM3.57mil, while the 437 condominiums in Seri Maya, Savanna, are priced from RM291,000 to RM794,000.

Meanwhile, projects in the pipeline include 20 Ampang Hilir - a 10-storey low density luxury condominium project worth a GDV of RM80mil; 3 Desa Pandan - an upper-medium service residences of 218 units overlooking KLCC and Royal Selangor Golf Club; and the proposed Mid Valley phase three comprising two 50-storey residential skyscrapers in Mid Valley City.

someone told me that KL property market is actually not that robust anymore... is becoming a glut

so i guess Berjaya might want to reduce the scale of Central Park to maybe twin 20storey :ohno: :bash: then they got money to compensate old buyers

on the other hand Four Seasons have not really confirm their hotel in KL... ooops!

and Sheraton Imperial KL changed to Hotel Imperial (not St Regis as they wanted initially), luckily still under Starwood's Luxury Collection

on the other hand Four Seasons have not really confirm their hotel in KL... ooops!


hm...didnt know that they didnt confirm about their present yet..

I was wondering if anyone could do a video about KL Developments something like this...


Brisbane & Gold Coast (South-East Queensland)Developments 2008

Part 1.
BmGWIbOYZmU

Part 2.
l687g1Ub5qM


That will be soooo coool !!!

GuocoLand buys land, bungalows in KL


Published: 2008/01/14




GUOCOLAND (Malaysia) Bhd is buying a piece of freehold land and two bungalows in Kuala Lumpur's Changkat Kia Peng area for RM56.48 million. The land measures 3,030 square metres. GuocoLand will use internal funds and borrowings to fund the purchase. The deal will help it increase landbank for development, it said in a statement to Bursa Malaysia.


hmmmm....next to hongleong tower i think.....

Talam to focus on premium housing projects
Talam is working with IJM on six projects in the Klang Valley and will lock in sales of RM825 million within the next 18 months, says Talam executive director

By Adeline Paul Raj Published: 2008/01/14



TALAM Corp Bhd aims to move away from developing low- and mid-cost housing and instead focus on premium products in the Klang Valley once it shakes off its Practice Note 17 (PN17) status.

The property developer has close to 8,000 acres of undeveloped landbank, of which 2,000 acres are in good locations, executive director Chua Kim Lan said at a media briefing.

Talam is currently waiting for the Securities Commission (SC) to approve its revised financial restructuring plan so that it can move out of its troubled PN17 status. The new plan addresses all concerns that the SC had raised about an earlier plan.

The company hopes to be able to obtain approval this month.

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"Once they approve...Talam will actually start on a clean slate," Chua said.

Its loans outstanding has come down from a peak of RM3 billion to RM1.1 billion currently. The company plans to settle more than RM800 million via instruments, while the rest is considered "manageable" debt.

"Once the restructuring plan is approved, we're going to reverse quite a lot of losses, and all our accummulated losses (of over RM300 million) will be eliminated," she said.

She is confident Talam will be able to show good earnings, thus reviving investor interest in the company.

Talam has many good projects in hand, said Chua, and its strategic alliance with IJM Construction Sdn Bhd (IJMC) as builder will ensure that property buyers end up with quality products.

"We will be moving more towards premium housing, which is currently the demand," she said.

Talam is working with IJM on six project areas in the Klang Valley - Taman Puncak Jalil, Ukay Perdana, Putra Perdana, Kinrara Section 3, Bukit Beruntung and Lagoon Perdana. It will be able to lock in sales of RM825 million within the next 18 months, she said.

In the last two months, Talam completed and handed over 547 units of double-storey houses in Taman Puncak Jalil.

It also has a commercial development project with IJMC in China, in a second-tier city, which it hopes to start work in the second quarter and launch either at the year-end or early 2009. The project has a gross sale value of about 800 million renmimbi.

Meanwhile, Talam's executive chairman, Tan Sri Chan Ah Chye, will take on more of an advisory role in the company, rather than an active part, Chua said.

good luck to anyone who happen to buy anything from Talam..

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a medical ctr n a resident tower.....anyone knw??? in jln ampang

BCB aims high with new township project

By ZAZALI MUSA

zaza@thestar.com.my

KLUANG: BCB Bhd is projecting gross development value (GDV) of RM838mil for its Bandar Putera Indah project in Batu Pahat.

Group managing director Datuk Tan Seng Leong said phase 1 of the mixed-development project, comprising 268 single-storey terrace houses, would be launched in May.

He said phase 2A, with 250 single-storey terrace houses, and 2B with 100 shops and 200 double-storey houses, would be launched in mid-2009 and early 2010 respectively.

“The development (phase 1) will keep us busy for the next five to eight years,” Tan told StarBiz after the company AGM recently.

He said that upon completion, the project would have some 2,785 residential and 709 commercial properties, and two commercial lots for stand-alone shopping complexes.

BCB’s development on a 157.85ha site is part of LBS Bina Group Bhd's 404.68ha Bandar Putera Indah township. The company bought the land from LBS for RM57mil in November.

Tan said BCB would probably seek approval from the local authority to insert the abbreviation BCB Bandar Putera Indah for its development.

He said the company would target the mass housing market for its Bandar Putera Indah as demand for single and double-storey terrace houses in Batu Pahat was growing.

Tan said Batu Pahat, with a population of 400,000, was the second fastest growing district after Johor Baru, and the district offered a lot of economic opportunities.

For the financial year ended June 30, 2007 (FY07), BCB registered pre-tax profit of RM4.75mil on revenue of RM120.01mil compared with RM12.05mil and RM122.9mil respectively in FY06.

No plans to take property unit private: IOI Corp
Shares of IOI Properties closed 6.1 per cent higher, or 80 sen, at RM13.90 on the privatisation rumour

Published: 2008/01/15



SHARES of IOI Properties Bhd rose as much as 8.3 per cent or RM1.10 yesterday, fuelled by a privatisation rumour which was promptly denied by the company.

There was speculation that IOI Corp Bhd, which holds about 70 per cent of IOI Properties, could take its subsidiary private, offering RM15 a share.

At that price, it would cost IOI Corp about RM1.5 billion to buy the remaining shares it does not own.

"It's not true. There's no such thing going on in the company," said a company spokesperson when contacted.

Shares of IOI Properties rose as high as RM14.20, before closing 6.1 per cent higher, or 80 sen, at RM13.90.

Recently, IOI Prop and Ho Bee Investment Ltd won a bid to buy land on the resort island of Sentosa, Singapore, for S$1.097 billion (RM2.5 billion).

They will build a 20-storey condominium on the 2.12ha site in Sentosa Cove, a marina resort and waterfront housing project on Sentosa Island.

Both companies have set up a joint-venture company Pinnacle (Sentosa) Pte Ltd to buy the land and develop the project, called the Pinnacle Collection. IOI Prop has a 65 per cent stake in the joint-venture company.

The successful bid is also its second win. In March last year, IOI Properties and Ho Bee won a bid to buy land on the island for RM1.1 billion.

GuocoLand buys land, bungalows in KL


Published: 2008/01/14




GUOCOLAND (Malaysia) Bhd is buying a piece of freehold land and two bungalows in Kuala Lumpur's Changkat Kia Peng area for RM56.48 million. The land measures 3,030 square metres. GuocoLand will use internal funds and borrowings to fund the purchase. The deal will help it increase landbank for development, it said in a statement to Bursa Malaysia.


hmmmm....next to hongleong tower i think.....

Guocoland unit buys KL land for RM55mil

KUALA LUMPUR: Guocoland (M) Bhd's indirect wholly-owned unit Sabna Development Sdn Bhd has entered into a conditional sale and purchase agreement with several individuals (collectively known as vendors) to acquire a 32,624 sq ft land with buildings erected on it in Kuala Lumpur for RM55.46mil.

The proposed acquisition would enable Guocoland to continually increase its land bank for development and enhance its earnings base, it told Bursa Malaysia.

The acquisition should be completed by May.

UM Land to build more high-end properties

By ZAZALI MUSA

JOHOR BARU: United Malayan Land Bhd (UM Land) plans to introduce more high-end residential properties for future launches at its Seri Austin township.

The move would cater for local home up-graders and Singaporean buyers, sales and marketing senior manager Ivan Chooi Kin Pheng said.

In the pipeline were bungalows priced from RM1mil each, he said, adding there were potential buyers here and from Singapore.

“The Johor Baru property market is now ready for the high-end property and UM Land wants to reposition itself as the high-end property company here,” he said.


Ivan Chooi Kin Pheng with the Vanda Cluster Homes models
He said more owners of single- and double-storey houses in Johor Baru had upgraded to semi-detached houses and bungalows in recent years.

“Most of them will want to move within the vicinity of the estates they now live,” Chooi told StarBiz at the recent launch of 54 units of Arista Tropical Homes and 64 units of Vanda Cluster Homes.

The double-storey link Arista has built-up areas from 1,822 sq ft priced from RM218,640 while the semi-detached Vanda offers 2,255 sq ft area from RM288,000.

Chooi said the property value in southern Johor would likely appreciate in years to come.

“This year we will advertise our township project in Singapore over the radio there,” he said.

He said the company was in a good position to attract more buyers from the republic as Singapore-based CapitaLand Ltd owned 21.58% stake in UM Land.

The 202.42ha township in Tebrau, launched in 2005, has to date chalked up RM134mil in sales.

Quill Capita plans to buy three assets

KUALA LUMPUR: Quill Capita Management Sdn Bhd (QCM), the manager of Quill Capita Trust (QCT), has proposed to acquire three assets for RM94.5mil.*

According to QCM chief executive officer Chan Say Yeong, QCT targets to increase its property portfolio to RM750mil by end-2008 from RM549mil as at Dec 31, 2007. *

“QCT's asset size will increase to RM643mil upon completion of the three proposed acquisitions in April and we are aiming for two more assets before year-end,” he said.*

Chan said this after announcing QCT's results for the year ended Dec 31, 2007 (FY07).*

He added that the company was in negotiations with a few third parties but declined further comment.*

The properties to be injected will be acquired from the Quill group, one of the two main sponsors of the property trust along with CapitaLand group.*

“The properties are the five-storey IBM regional processing and call centre in Cyberjaya, three-storey DHL logistics centre and office at Shah Alam, and four-storey HSBC Bank processing centre in Section 13, Petaling Jaya,” Chan said.*

He added that the initial net property yield would be 6.3% per annum for these fully occupied assets.*

These acquisitions were expected to be financed by internal funds and borrowings, Chan said.*

Meanwhile, QCT surpassed its initial public offering (IPO) forecast distributable income of RM14.32mil by 34.5% to RM19.26mil for FY07. *

“The main contribution to the increase in distributable income is the rental income of Wisma Technip and the commercial units of Plaza Mont'Kiara, which were acquired by QCT during the financial year, and lower interest expense,” Chan said.*

According to Chan, the distributable income of RM19.26mil translates into a distribution per unit (DPU) of 6.46 sen, which is 7.7% above the IPO forecast of 6 sen. *

He projects a DPU of 6.93 sen for end-2008.*

“An interim DPU of 3.99 sen was paid in September 2007 while the remaining 2.47 sen is expected to be paid next month,” he said.*

He added that QCT's policy was to pay out all its distributable income but it intended to retain 10% in 2009.*

On the property outlook in Malaysia, Chan said the KL office market was expected to improve due to strong demand from business expansion, coupled with tight supply of quality office spaces.*

KL developers quite imaginative

Email us your feedback at fd@bizedge.com


Tan Sri Francis Yeoh
CEO of Pintar Projek Sdn Bhd (manager of Starhill REIT)

Outlook for commercial property market in 2008
Retail properties, such as Starhill Gallery and Lot 10 Shopping Centre, will do well judging from the increasing rental rates and the number of people who want to come to Starhill. We have positioned Starhill as the most upmarket mall in the world. Starhill will have a branch in Dubai in 2009 and we have also signed a deal for a Starhill branch in Almathi, Kazakhstan. We have also been approached to create Starhill outlets in London, Shanghai, Moscow and Singapore.
On hotels, the J W Marriott Hotel is doing very well. It has high occupancy rates and the prices have gone up nearly 20% to 30% over the last one year. The Residence at Ritz—Carlton was put into REIT at over RM800 psf; it was the first of the Ritz—Carlton Residences in Asia. The second is in Singapore, where an apartment was recently sold for RM11,000 psf, more than 10 times the price of our Residence. This is a good thing as the brand is being recognised and the Ritz—Carlton Residences KL will see prices moving up in tandem with the others.

As a REIT manager, what kind of properties interest you and in which locations?
The Starhill REITs target high—end properties, such as hotels, apartments, and office buildings. As long as it is commercial, we would be interested. As for locations, we are not limiting it to Malaysia, but to any Asian city or major European cities, such as London.

Comments on the Malaysian REIT industry
No comments. I am busy concentrating and focusing on Starhill REIT with iconic properties... there are a lot of choices.

Your wish list for the industry
I was very involved in pushing the REIT industry to be an alternative way of investment and I think that KL developers are generally quite imaginative... they have to be because they had to come up with the best properties at competitive prices as there were few foreigners buying our properties. There is only so much you can sell to a certain pocket of people. This is why it is very important that the government removes the restriction on foreign buying in the country, removes the Real Property Gains Tax and allows foreigners to borrow from local institutions to buy homes.

January 17, 2008 17:46 PM

Malaysia To Develop RM1.5 Bln Medical City In India


KUALA LUMPUR, Jan 17 (Bernama) -- The Malaysian government is expected to sign an agreement with the Indian government for the development of a medical city in Kerala within the next two months.

Under the government-to-government cooperation, the Construction Industry Development Board Malaysia (CIDB) is given the mandate to select Malaysian companies to participate in the project with a gross development value (GDV) of over RM1.5 billion spanning eight years.

Works Minister Datuk Seri Samy Vellu said Thursday a Memorandum of Understanding (MoU) had been signed two months ago with the Kerala state government.

Proposals on developing the designated 500-hectare site in phases according to zones have been submitted, he said.

"The medical city will be complemented with industrial and township precincts," he told reporters after presenting certificates to contractors who had obtained the ISO 9001:2000 certification under CIDB's scheme.

Kerala, a state in southwestern India, is known for its ayurvedic treatment.

CIDB chief executive Datuk Hamzah Hasan, who returned from Kerala early this morning, said companies have not been shortlisted but those selected must have the capability and capacity to handle big projects, such as Grade G7 contractors.

Grade G7 contractors are the highest in the registration hierarchy of contractors of the country's construction industry, and are involved in projects with value of more than RM10 million.

Samy Vellu said besides Kerala, he had also talked with the chief ministers of Gujarat and New Delhi recently on the possibility of Malaysian contractors undertaking projects in their states.

The minister also called on Grade G7 contractors to obtain the ISO 9001:2000 certification as soon as possible as it would be a requirement for them from next year.

"According to CIDB statistics, only about 400 or 10 percent of Grade G7 contractors have the certification as opposed to the total number of 4,000 at present," he said.

-- BERNAMA

More projects in the pipeline
TheStar 21 Jan 2008

Property Talk
By S.C. CHEAH

THE Malaysian property market fared well last year with many new developments reporting good take-up rates despite the looming shadow of further spikes in crude oil prices.

As usual, the centre of activities was in the Klang Valley where developers are grabbing a piece of the action in the very hot KLCC area, where prices have spiralled beyond RM2,000 per sq ft.

This “KLCC fever” appears to be buoyed by rising foreign interest in our high-end condominiums which are cheaper than similar properties in Hong Kong, China, Singapore, Japan and even Vietnam.

As the momentum to build more condominiums and serviced apartments in the KLCC area picks up, prices have ballooned to unbelievable levels.

The main perception, especially by foreigners, is that the KLCC address is the most prestigious in Malaysia; and if any price record is to be broken, this is the place.

Developers are still upbeat on the prospects of the high-end property market this year, and this can be seen by the many new launches at the end of last year and this year.

Recently there have been several pieces of good news to welcome in the New Year.

One of them was the en bloc sale of Bandar Raya Developments Bhd’s (BRDB) Office Tower 2 at its CapSquare development in Kuala Lumpur to Union Investment Real Estate Aktiengesellschaft (UIRE) for RM439.3mil.

Barely a week later, it was reported that YNH Property Bhd was finalising the sale of the proposed 45-storey iconic Menara YNH at Jalan Sultan Ismail in Kuala Lumpur for RM1.5bil.

It is understood that investors from Australia, Singapore and a Middle Eastern country might form a consortium to purchase the building that is scheduled for completion in 2012.

Menara YNH, located on three acres next to the Shangri-La Hotel, will have an office block and a retail centre.

According to industry sources, several more such en bloc acquisitions are on the cards. In fact, a major en bloc sale of a yet-to-be-built 50-storey office tower in the KLCC area will be announced tomorrow.

This high confidence level in the Malaysian economy and the property market will encourage our developers to launch more developments this year.

Meanwhile, the recent news report of work commencing on the RM2.7bil Lido Boulevard waterfront project within the Iskandar Development Region (IDR) after the Chinese New Year has provided fresh impetus for investors and local developers to zoom into the IDR.

Good sales continue to spill over to this year.

For example, YTL Land & Development Bhd’s latest edition of boutique offices, d6, achieved a remarkable 90% sale in just one day of weekend preview recently.

YTL Land executive director Datuk Yeoh Seok Kian said businesses these days realised that of equal importance to having a reputable address was being associated with a new genre of offices that have their own unique offerings.

What about talks of a possible economic downturn as a result of high oil prices and recession in the United States?

I have observed a few things that may serve as a “shield” as far as our property market is concerned.

Our property developers are more careful and savvy these days compared to before the 1997 crash.

They no longer buy huge parcels of land and do not borrow heavily.

Most of them develop niche products that have real demand and are high in value but more manageable. The days of single mega developments undertaken by single developers are almost extinct.

Yes, there is a RM4bil integrated mega development to be launched soon in Kuala Lumpur, but it is in a very prime location and being undertaken by a very reputable developer, unlike far-flung mega projects in secondary locations a decade ago.

Even if there is a major economic slowdown, most developers have the holding power to ride out the storm and re-launch their projects.

In addition, more and more developers are going abroad to seek out new projects partly as an alternative income stream but also as a hedge against any downturn.

Of course, if there is widespread unemployment, high inflation (especially an increase in the prices of building materials) and slackening demand, everyone will be hurt one way or another.

However, the impact may not be as acute as before.

As one CEO told me, with China and India as the emerging economic powerhouse and the weakening US dollar, there will be less impact from any fallout in the US economy.

[B][SIZE="4"]Yes, there is a RM4bil integrated mega development to be launched soon in Kuala Lumpur,

oh..where is this??

^^ either Redevelopment of Abdullah Hukum or Tamansari Riverside City

[B][SIZE="4"]According to industry sources, several more such en bloc acquisitions are on the cards. In fact, a major en bloc sale of a yet-to-be-built 50-storey office tower in the KLCC area will be announced tomorrow.




tomorrow ?? :weird: