http://www.star-space.com/stories/story.asp?artfolder=news&file=archives/news/2004/01/12/us120104

from thestar.com.my

Urban Shift sees RM350m sales from KL project
By HONG BOON HOW

URBAN Shift Sdn Bhd is forecasting revenue of RM350mil from its NAS Pavilion residence and integrated commercial project in Kuala Lumpur's Golden Triangle district.

Executive chairman Mohd Nasrizal Abdul Aziz said the project would form Kuala Lumpur's newest landmark along Jalan Imbi and consist of a 4-in-1 facility which included furnished serviced apartments, a shopping arcade, an office tower and a clubhouse.

''We have received encouraging sales and have sold more than 40% of the 438 units of furnished serviced apartments under phase one during the soft pre-launch two weeks ago,'' he said at the official launch of NAS Pavilion in Kuala Lumpur on Friday.

Nasrizal said the company expected 20% more of its serviced apartment units, priced between RM198,800 and RM568,680, and the nine penthouses, priced up to RM1.6mil, to be taken up by the end of this week.

The NAS Pavilion project was launched by Domestic Trade and Consumer Affairs Minister Datuk Dr Jamaludin Jarjis and attended by Deputy Education Minister Datuk Abdul Aziz Shamsuddin.

Nasrizal said the property, occupying a 1.35-acre freehold site, had superb location due to its close reach to the KL Monorail, and major bus and taxi routes.

''Not that you would need to go far, being right in the middle of the shopping belt and the Bukit Bintang area, all the major attractions for shoppers and visitors are also provided within NAS Pavilion such restaurants, and entertainment and shopping outlets,'' he said.

Nasrizal said the serviced apartments were scheduled for completion by January 2007.

The remaining phases to be launched will be the NAS Pavilion Shopping Arcade, a 6-storey shopping mall with 300 shoplots ranging from 170 sq ft to 1,020 sq ft, the NAS Pavilion Office Tower which is ideal for stock broking, sophisticated legal, accounting, advertising and consultant services, and the NAS Pavilion Clubhouse, a 18,000 sq ft recreational area for all NAS Pavilion residents.

Nasrizal said the company had allocated RM1.2mil to promote the NAS Pavilion project this year and that buyers of the serviced apartments stood a chance to win the latest BMW 5 series saloon valued around RM300,000 as the grand prize.

Urban Shift has appointed PJD Construction as the main contractor and Kim Realty as the sole marketing agent for the NAS Pavilion project.

I called em that they ...they are like so secretive! :D.......I would expect something tall from there! :guns1:

I think better ask the construction workers lah Or the pak guard! Very sure they will give info ;)

check this out! :guns1:

pavillion (http://www.kimrealty.com.my/nas.php)

Wah thanks for the link
Building looks kinda another apartment...not creative..but the air-conditioned-overhead link looks interesting!! 32 storeys also only ...they should have combined all apartment units into a single building and make it much taller! ;)

http://www.kimrealty.com.my/5_files/nas/map.gif

Originally posted by baqthier

I think better ask the construction workers lah Or the pak guard! Very sure they will give info ;)

The thing is that this piece of news is so new that there isn't any 'pak guard' or construction ppl there yet! :D

But the pintu already buka for machineries to enter ;)

yeah agree not too creative, but colours quiet interesting.
What is happening with this KLCC Stonor? I remember someone posted the rendering some weeks ago. :?

Okay......I think we are all on the wrong channel here! I was talking bout The Pavillion (opposite Starhill Centre). This one is next to Kelab De Vegas and opposite Parkroyal Hotel. The name a bit confusing.........NAS Pavillion.........previously this project are known as CN Gallery. :D

The construction info board for this and the rendering is already up (the exact one above) but no name there lah and that is why I am confused in the first place! :D

Good that they are reviving so many abandoned projects these days! :happy:

Originally posted by Greg

yeah agree not too creative, but colours quiet interesting.
What is happening with this KLCC Stonor? I remember someone posted the rendering some weeks ago. :?

I posted Stonor's rendering months ago ....still doing ground works......nothing up the ground yet. Very nice apartments and VERY expensive. Went to the showroom at Menara Chan 3 months ago ;)

ah I see. Sorry about the confusion then.


I'm still dreaming of getting something at Sentul. I simply love YTL developments. But apparently both apparently all units at Tamarind and Maple are sold. :bash:
I have to wait and see now.

I think I saw NAS's showroom which is also at it's location..that one lah I told u sze... that morning u drove me one last week..but cannot find

i think it was called CN Gallery before.. with cascading water fall between the 2 block.. construction halted during economic crisis.. now the change the design and give it a new name..

Originally posted by archilless

i think it was called CN Gallery before.. with cascading water fall between the 2 block.. construction halted during economic crisis.. now the change the design and give it a new name..

yea...you're right....I've also mentioned this in my last post ;)

I however prefer the old design although this is a bit similar but I dislike the colour scheme......

Here's a pic of CN I took in 2001

http://www.skyscrapercity.com/photopost/data/503/9cnbkt.jpg

Originally posted by Greg

ah I see. Sorry about the confusion then.


I'm still dreaming of getting something at Sentul. I simply love YTL developments. But apparently both apparently all units at Tamarind and Maple are sold. :bash:
I have to wait and see now.

haha Greg....dun worry...actually it is your posting which saves me from further embarrassment and confusion! :D

Apparently YTL's development had been kinda 'hot' lately.....have you tried IGB/Tan & Tan 's developments? This company had got quite good reputation too as they are the developer for some of KL's poshes condos. ;)

Originally posted by baqthier


The remaining phases to be launched will be the NAS Pavilion Shopping Arcade, a 6-storey shopping mall with 300 shoplots ranging from 170 sq ft to 1,020 sq ft, the NAS Pavilion Office Tower which is ideal for stock broking, sophisticated legal, accounting, advertising and consultant services, and the NAS Pavilion Clubhouse, a 18,000 sq ft recreational area for all NAS Pavilion residents.


Where on earth they going to build the 6 storey shopping mall :?

Originally posted by ZaHiRnYa???

Where on earth they going to build the 6 storey shopping mall :?

....aiyoh....the shopping mall is at the podium lah! :D

Originally posted by szehoong

....aiyoh....the shopping mall is at the podium lah! :D

la...say la like that. How do I know mah :D

Originally posted by ZaHiRnYa???

la...say la like that. How do I know mah :D

aiyoh....you know better lah.....all Malaysian malls also at podiums wan lah......somemore it looked very obvious in the picture. :D

Originally posted by szehoong

aiyoh....you know better lah.....all Malaysian malls also at podiums wan lah......somemore it looked very obvious in the picture. :D

Well, actually it look more like a car park to me :D

Originally posted by ZaHiRnYa???

Well, actually it look more like a car park to me :D

wah....I dun think they'll have the condo-type of podium carpark fronting Jln Sultan Ismail and Jln IMbi......hehehe......it would be too ugly! :D

wah!!! more building next to BTS!!! i dont like the color and those towers... the color looks like my old pyjamas i wear to bed when i waz 8 years old...:ohno: but the shoppin centre looks coool!!!:D

Originally posted by SEED

wah!!! more building next to BTS!!! i dont like the color and those towers... the color looks like my old pyjamas i wear to bed when i waz 8 years old...:ohno: but the shoppin centre looks coool!!!:D

Wah Seed...I simply cannot imagine the color of your old pyjamas. :D But then I do love the color of the building actually. You know what, when the construction of the NAS Pavillion is ready, then everytime I pass by, the building will always remind me of your old pyjamas ;)

Originally posted by ZaHiRnYa???

Wah Seed...I simply cannot imagine the color of your old pyjamas. :D But then I do love the color of the building actually. You know what, when the construction of the NAS Pavillion is ready, then everytime I pass by, the building will always remind me of your old pyjamas ;)

yea....I often too had these kinda image built-ups......so Seed's pyjamas would probably stick to my mind as well....:D

Care to show us some pix of ya p-jays? :lol:

Post your pics also lah SEED...wanna see the only Eurasian Malaysian forumer hehehe!

Originally posted by baqthier

Post your pics also lah SEED...wanna see the only Eurasian Malaysian forumer hehehe!

Yalah...post la your picture SEED. :D

erm...the building looks weird though.hopefully it doesnt look 'cheap'>( But!300 retail shops!?its gonna be big!And its next to BTS!?Competition will arise!

Originally posted by D_Y2k.2^

erm...the building looks weird though.hopefully it doesnt look 'cheap'>( But!300 retail shops!?its gonna be big!And its next to BTS!?Competition will arise!

haha...there isn't simply a thing called competition at Bukit Bintang! :D ......There is a total of 8 existing malls next to each other and none of em suffers from lack of shoppers (unless you count Plaza Berjaya as a shopping mall lah).........Located in that area is simply sitting atop a goldmine! ;)

City dwelling back in trend to beat jams


Property Talk: A weekly column by S.C. Cheah



THE launch of the NAS Pavilion, the latest service apartments in Kuala Lumpur, on Jan 9 reflected the rising interest in inner city living and a long-term solution to beating traffic congestion.

People are getting tired of having to spend many hours a day commuting to work from their homes. The recent rock falls along the New Klang Valley Expressway (NKVE) and the diversions motorists have to take over the next few months pending the opening of the affected stretch of highway have made the idea of inner city dwelling even more attractive.

The developer of NAS Pavilion, Urban Shift Sdn Bhd saw this potential when it decided to build service apartments in the heart of KL's Golden Triangle – on the site of the former CN Gallery, a 3-in-1 concept comprising a 28-storey business class hotel with 375 rooms, twin “intelligent” office towers and a five-storey shopping mall.

The 1.35-acre NAS Pavilion at the junction of Jalan Imbi and Jalan Sultan Ismail is opposite Grand Plaza Parkroyal and next to the new Berjaya Times Square (BTS) shopping centre. BTS's hotel & convention centre has 900 service suites where the current rack rate for its studio unit is RM660 a night. Promotional rate is RM380 ++ with breakfast.

Scores of guests had gathered under the tents erected for the launch on Friday night. The mood was upbeat that this time round the project will succeed as more than 50% of the units had been sold. Also the contractor PJD Construction is of reputable standing.

The freehold NAS Pavilion will have three blocks sitting on a five-level shopping podium. Two of the three blocks will be serviced apartments: a 29-storey, 172-unit North Tower and a 31-storey, 266-unit South Tower. There will also be a 22-storey block. Units will range from RM198,000 onwards, and the nine penthouse units are priced between RM568,680 and RM1.6mil.

The North Tower will have eight types of units ranging from the smallest at 677 sq ft (42 units) to the penthouse unit measuring 3,691 sq ft (two units). The South Tower will have 16 types of units from 721 sq ft (24 units) to 2,617 sq ft for the penthouse unit. All penthouse units (four in the North Tower and five in the South Tower) had been sold prior to the official sales launch.

NAS Pavilion looks similar to CN Gallery. Instead of the 118ft-high multi-tiered cascading waterfall in CN Gallery, the new design will have a multi-level “hanging garden”, also flanked by two towering blocks.

Both projects also have a shopping podium with 300 shop lots and a proposed sky-bridge over Jalan Imbi to Grand Plaza Parkroyal.

Like many projects launched prior to the mid-1997 regional financial crisis, there was a confident mood over the prospects for CN Gallery, with industry experts pouring accolades.

Glossy brochures gave estimated yields of 8.6% (fourth level) to 15.7% (ground floor) for the retail lots with sizes from 200 sq ft to 950 sq ft and average selling price of RM700 to RM2,300 per sq ft (psf). The office units, from 1,200 sq ft to 8,011 sq ft, were selling at an average of RM550 psf and projected estimated yield of 8.7% to 13.1%.

Alas, all these promises turned to dust when the project, launched with much fanfare in 1995 (developer is Metro Jelita Sdn Bhd), failed to take off following the recession.

With the shift to city living and the current glut of office and retail space, it is only logical for planners to come up with something marketable, and NAS Pavilion seems to meet this need for service apartments that are of acceptable standard but may not be as pricey as that of BTS.

Residents of NAS Pavilion can do their shopping with ease as seven shopping centres (Berjaya Times Square, Sungei Wang Plaza, Lot 10, BB Plaza, KL Plaza, Low Yat Plaza and Shaw Parade) and the KL Monorail are just outside their homes.

Urban Shift Sdn Bhd executive chairman Mohd Nasrizal Abdul Aziz said the project offered “unbeatable value for money” in view of its superb location and affordable pricing.

He said NAS Pavilion would have a 4-in-1 facility: furnished serviced residence, shopping arcade, office tower and a 18,000 sq ft clubhouse that provides comprehensive facilities for all its residents. Sales revenue is expected to be around RM340mil when the project is completed in January 2007. Buyers would also stand a chance to win the latest BMW 5 series as the grand prize.

Kim Realty chief executive officer Vincent Ng said there was a growing demand for serviced apartments in the city as more people returned to inner city living.

“We did a recent survey and found that many people, including foreigners who have retail outlets or offices in the city, would like to buy service apartments for themselves and their senior staff. Many foreign companies which have shops in Lot 10, Sungei Wang Plaza and other shopping centres are paying RM2,000 to RM3,000 monthly rentals to house their staff in apartments,” he said, adding that there were buyers especially among young, small families who preferred to live in well-maintained apartments in the city.

“People with the extra money would not mind keeping a home in the city. At least they do not have to suffer the traffic jams. We are very upbeat about the service apartment market as the economy improves. If you had launched these apartments five years ago it could have been quite risky,” he added.

He said NAS Pavilion's selling points included its prime location as it was in the Bukit Bintang shopping belt and its attractive pricing from RM350 psf. Purchasers could expect a 10% per annum return if they rent it out. The five-star Berjaya Times Square service apartments are selling at an average of RM700 psf with the smallest studio unit of 550 sq ft priced from RM399,000 (RM727 psf). A 665 sq ft studio unit is priced from RM457,000 or about RM690 psf.

Ng said there was good demand for quality condominiums/apartments in the city and this was shown in the recent sale of units in a more than 10-year-old condominium at Jalan Stonor in Kuala Lumpur.

“We sold off all the over 50 units within half a day. People were queuing to grab the units priced from between RM360 psf for the bigger units to over RM400 psf for the smaller units,” he said. The studio unit was priced from around RM200,000 while the penthouse units were sold for more than RM2mil each.

"a 29-storey, 172-unit North Tower and a 31-storey, 266-unit South Tower. There will also be a 22-storey block. Units will range from RM198,000 onwards, and the nine penthouse units are priced between RM568,680 and RM1.6mil."

It could have been a tall single 82-storey skyscraper! :D

Originally posted by szehoong

NAS Pavilion looks similar to CN Gallery. Instead of the 118ft-high multi-tiered cascading waterfall in CN Gallery, the new design will have a multi-level “hanging garden”, also flanked by two towering blocks.

Both projects also have a shopping podium with 300 shop lots and a proposed sky-bridge over Jalan Imbi to Grand Plaza Parkroyal.



When they say that it look similar, do they mean it similar similar? Cause apart from the cascading waterfall and the multi 'hanging garden' differences, I don't see any different at all. :?

Baq, Sze and Zah... im not Eurasian lah~ and i dont hav a digicam~ how can i post ar~ wait till i go back to malaysia 1st lah~ use Pablo or TYW cam to take loh~ hehe~ anyway the pyjamas is in the recycle bin already lah~:D :D maybe in the pyjamas heaven liao~:D :D

Originally posted by SEED

Baq, Sze and Zah... im not Eurasian lah~ and i dont hav a digicam~ how can i post ar~ wait till i go back to malaysia 1st lah~ use Pablo or TYW cam to take loh~ hehe~ anyway the pyjamas is in the recycle bin already lah~:D :D maybe in the pyjamas heaven liao~:D :D

Wah..is there such a thing as pyjamas heaven :D
Seed, by the way I didn't said that you are Eurasian...I only ask for you to posted your picture mah ;)

Originally posted by SEED

Baq, Sze and Zah... im not Eurasian lah~ and i dont hav a digicam~ how can i post ar~ wait till i go back to malaysia 1st lah~ use Pablo or TYW cam to take loh~ hehe~ anyway the pyjamas is in the recycle bin already lah~:D :D maybe in the pyjamas heaven liao~:D :D

yeah, that means we'll be the 2st one to c his face:D

The foundation of NAS Pavillion is not that deep like what I had expected for a building that tall. Beside the whole area is not that big like what the whole picture suggest. The whole thing make the building looks really slim and thin.

The foundation for the NAS Pavillion....completed before by the previous developer.

http://img38.photobucket.com/albums/v116/zahirnya/100_0039.jpg

since the foundation is completed,the building will be completed faster!:D
Good to know the construction will clear up the abondoned site

hey, that's really small. it's gonna be real slim. thanks 4 the update:)

How's the progress? ;)

How's the progress? ;)

Not a movement at all. Still remain the same :ohno:

Not a movement at all. Still remain the same :ohno:


of course lah.....the showroom is still opened and they are still selling the units. .....Kinda funny considering that most units had already been sold when I was there 2 months back....hmmmmmm ;)

of course lah.....the showroom is still opened and they are still selling the units. .....Kinda funny considering that most units had already been sold when I was there 2 months back....hmmmmmm ;)

Well...that is not the case like The Orient or KLCC Condominium don't you think so :D

Well...that is not the case like The Orient or KLCC Condominium don't you think so :D


Not The Orient lah......its The Orion! :D

Both Orion and KLCC Condos are built by cash-rich developers so they could proceed with construction without much prob. ;)

So no comparinglah! :D

Not The Orient lah......its The Orion! :D

Oh..Sorry. The Orion. Do remind me next time okay ;)

Nas Pavilion project gets good response :)
By OOI TEE CHING

May 24 2004

THE revived RM377 million Nas Pavilion project, undertaken by Urban Shift Sdn Bhd, has received encouraging response since the launch of its first phase four months ago.

To date, 85 per cent of the service apartments and 50 per cent of the retail units have been sold. Out of the service apartments sold, 15 per cent was taken up by foreigners, mainly Indonesians.

“We salvaged the abandoned project from Metro Jelita Sdn Bhd at a bargain price after it went into receivership a while ago. Our buyers can be assured that we are committed to delivering within three years as stipulated in the sale and puchase agreement,” Urban Shift director Datuk Muhammad Shafee Abdullah said.

He was speaking at the launch of the second phase by Second Deputy Finance Minister Datuk Dr Ng Yen Yen in Kuala Lumpur on Saturday. Nas Pavilion is located along Jalan Imbi, near Berjaya Times Square.

Nas Pavilion boasts of exclusive furnished and serviced residences, a six-storey shopping mall, an intelligent office tower and comprehensive clubhouse facilities.

Speaking to reporters later, Dr Ng said the Government’s recent suggestion that developers may be asked to “build then sell” is meant to protect house buyers without over-regulating the building industry.

The concept suggests that buyers pay 10 per cent as downpayment and the remaining 90 per cent on completion of their property.

In implementing the “build then sell” policy, Dr Ng reassured builders that the Government will ensure there are no sudden upheavals in the industry.

She expressed the hope that property developers will prepare themselves psychologically and financially so that the industry will move in tandem with the Government’s policy.

In view of better global economic indications, Dr Ng anticipates that the local property sector will register 2.6 per cent growth this year.









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

Nas Pavilion project gets good response :)
By OOI TEE CHING

He was speaking at the launch of the second phase by Second Deputy Finance Minister Datuk Dr Ng Yen Yen in Kuala Lumpur on Saturday. Nas Pavilion is located along Jalan Imbi, near Berjaya Times Square.

Eh...got second phase :?

http://www.propertyaskingprice.com/projectrecord.php?project=all&pid=91&projectname=&

Pricing

Near To Timesquare, Along Jalan Imbi
at the junction of Jalan Imbi and Jalan Sultan Ismail

from RM198,800

438 units

3 blocks sitting on a 5-storey shopping podium

1 block of service apartment : a 29 storey, 172 units, north Tower, 677 sf

1 block of service apartment : a 31 storey, 266 units, south Tower, 721 sf

Penthouse : RM568,680 -RM1.6 mil ( 9 units), 3,691 sf(north), 2,617 sf (south)

300 shop lots and a proposed sky-bridge over Jalan Imbi to Grand Plaza Parkloyal

Retail lots selling at RM700 to RM2,300 sf

Office Unit selling at RM550 psf

Freehold


Developer Urban Shift Sdb Bhd


Contact Nos 03-62011837/03-21432299

They resume the construction already. Saw some cranes at that side already yesterday.

Get ready for a building where the color looks a bit much like Putra Place (clay & blue color)! :cool:

They resume the construction already. Saw some cranes at that side already yesterday.


yea...esp that giant crane with the big big HoHup logo! :D

Wah....you did notice about the big logo as well ah ;)

How many storeys now?

Just reach the 2 or 3 floor..

Drove past it in a cab and seen quiet some activity there. but it's no highter than still 2-3 floors.

Well..I'm going to the showroom later today..just for fun :lol:

^ and photos! :D

http://img.photobucket.com/albums/v730/Greg8000/DSCN0272.jpg

Bukit Bintang get more upgrade! thanks...

hehe.. yeah...at least this development will provide some shadow to bukit bintang shoppers :)

Come to think of how ING and Semua House now looks like...will this be another eyesore? :(

Come to think of how ING and Semua House now looks like...will this be another eyesore? :(

I don't think so lar...don't worry bout it too much okay ;)

Come to think of how ING and Semua House now looks like...will this be another eyesore? :(


I dun think so lah.....the closest to anything that could be considered as eyesore is perhaps it has the colours of Seed's pyjamas :D

Wah..he wore them when staying over at your house ar? :D

Wah..he wore them when staying over at your house ar? :D


Nolah!!! :bash: .....remember when he first saw the rendering and said that it looked like his old pyjamas? aiyoh.....so fast forget already ar? :ohno:

So old already. Forgive him lor :lol:

hehe~ :naughty:

So old already. Forgive him lor :lol:


hehee.....I think he more of a blur sotong case than old haha :lol:

^ aiyah i know lah he mentioned that before..i even mentioned about it when in Sze's Kembara..I just asked whether he wore it mar..just this time the size bigger! :bash:

I just asked whether he wore it mar..just this time the size bigger!

no~ as i said before men~ 'he' is now in pyjamas heaven already(recycle bin)~ :D and no~ there isn't a bigger size one 'k~ :lol: how come ur soo interestin wit ma pyjamas?? :naughty:

:lol: how come ur soo interestin wit ma pyjamas?? :naughty:

Wow! That is an INTERESTING question hehehe :D

im just curious men... how some hes soo interested wit ma pyjamas :D he do worry me sometimes... :lol:

wah what lah...If I don't remember about it..people say me blur or old...when i mentioned I remember...people think I'm interested! :bash:

wah what lah...If I don't remember about it..people say me blur or old...when i mentioned I remember...people think I'm interested! :bash:

:angel: :angel:

wah what lah...If I don't remember about it..people say me blur or old...when i mentioned I remember...people think I'm interested! :bash:


Must be very difficult being Baq! hahaha :lol:

Anyway it surprises me that you remember about his pyjamas in such detail....hmmmm :D

Anyway it surprises me that you remember about his pyjamas in such detail....hmmmm :D

:rofl: :rofl: :rofl:

Refer to page 2 of this thread! :bash:

wah what lah...If I don't remember about it..people say me blur or old...when i mentioned I remember...people think I'm interested!

:lol: hehehe~ :naughty: u r bit scary men~ :D

Refer to page 2 of this thread! :bash:


Wah....trying to cover up!!! :eek:

Page #2 of this thread we all know lah.......but what I am surprised is post #68 where you mentioned WHEN and WHERE a conversation about Seed's Pyjamas took place.....hmmm :sly: :D :D :D

^ aiyah he was in the kembara too lah wei! And for the record we also mentioned about that "pipeline" in penang which can promote tourism! :rant:

LAtest update.DOnno why goin very slow
http://img.photobucket.com/albums/v191/Lovejesse/DSC_0770.jpg

Yup. The construction is a bit too slow IMHO :ohno:

I believe now the construction totally stop. Didnt see any progress at all. Anyone else can confirm about this :(

^^ I think so too........there's no activity there for the past month or so (my observation when I was in town) :(

^^ I think so too........there's no activity there for the past month or so (my observation when I was in town) :(

No...not again :cry: :cry:

wah even when sold out also they want to test the patience of the buyers?? :?

wah even when sold out also they want to test the patience of the buyers?? :?

Wah...didnt know it was sold out already. True meh?

^^ Sometimes the developer telan the units just to boost the sales figures....so we dun really know the truth :(

I believe now the construction totally stop. Didnt see any progress at all. Anyone else can confirm about this :(

does that mean that KL's havin another giant "hole" like Plz Rakyat.. :uh:

Wah...didnt know it was sold out already. True meh?

last year, i asked at the property fair they said only got few units left..and showed what they have left..assuming now sold out lah :D

does that mean that KL's havin another giant "hole" like Plz Rakyat.. :uh:

yeah....gonna have to wait for a while before seeing your pyjama building :D

yeah....gonna have to wait for a while before seeing your pyjama building :D

Gawd...you still remember the pyjama joke :rofl:

Gawd...you still remember the pyjama joke :rofl:


It is not a joke cos that is the colour of his (ex) pyjamas!!! :lol:


That pyjamas are now in 'Pyjamas heaven' according to Seed hehehehe :D


:rofl: :rofl: :rofl:

It is not a joke cos that is the colour of his (ex) pyjamas!!! :lol:

That pyjamas are now in 'Pyjamas heaven' according to Seed hehehehe :D

:rofl: :rofl: :rofl:

I know..but that pyjama was so like early last year joke rite :D

I know..but that pyjama was so like early last year joke rite :D


Yes.....but then you've got Baq and you've got Seed mah..........they both great jokers man! :okay:

You should see how Seed was last year when he drank that herbal tea....how much I missed both of em :grouphug:

Yes.....but then you've got Baq and you've got Seed mah..........they both great jokers man! :okay:

You should see how Seed was last year when he drank that herbal tea....how much I missed both of em :grouphug:

What herbal tea??? How come I missed that one :cry:

^ trust me, you did not miss that much! SEED was virtually a mute that day......


but still hamsap :lol:

;)

^^ thank u veri much Baq bout that herbal things :lol: hehe still remember eh! oh anyway i got a new pyjamas similar to that color too hehe :lol:

eh wat hamsup!? :lol: well.. i cannot disagree wit that! hehehe :naughty: :lol:

^^ thank u veri much Baq bout that herbal things :lol: hehe still remember eh! oh anyway i got a new pyjamas similar to that color too hehe :lol:

eh wat hamsup!? :lol: well.. i cannot disagree wit that! hehehe :naughty: :lol:

Ha..ha...the never ending pyjama issue :D

Drinking herbal tea at Bukit Bintang:

http://pwp.maxis.net.my/szehoong/pix/scc_forumers/IMG_0551sm.JPG

^^ The HAMSUP mute! :lol:

Drinking herbal tea at Bukit Bintang:

http://pwp.maxis.net.my/szehoong/pix/scc_forumers/IMG_0551sm.JPG

^^ The HAMSUP mute! :lol:

Oh my gawd :rofl: :rofl: :rofl:

Contender for picture of the year :lol:

Why his face like that one :lol:

Why his face like that one :lol:


http://pwp.maxis.net.my/szehoong/pix/scc_forumers/IMG_0551sm.JPG


Well .....his face is like that ^^ because the herbal tea isn't exactly something nice to drink but it is good for health. :D

Well .....his face is like that ^^ because the herbal tea isn't exactly
something nice to drink but it is good for health. :D

Well..i know how herbal tea taste like..i love herbal tea so much...
N my face is the opposite of him :lol:

Well..i know how herbal tea taste like..i love herbal tea so much...
N my face is the opposite of him :lol:


There are many types of herbal tea mah and so happened the herbal tea he's having got some added stuffs which makes it much bitter :D

^^ boi i look horrible in that pic(bitter!!!) :lol: and thx for postin it Sze!! :rant: :lol: hmm.. i do look bit like humsap lou(in that pic) :lol: but i like that black jelly things serve wit honey thou.. wats it called? :drool:

Why his face like that one :lol:

u mean humsap or wat? :lol: well.. i got a sore throat that day and the herbal tea taste bitter soo.. yeh..

hmm.. i do look bit like humsap lou(in that pic) :lol:


Not a bit....A LOT MORE HAMSUP! hahahaha :lol:

u mean humsap or wat? :lol: well.. i got a sore throat that day and the herbal tea taste bitter soo.. yeh..


Well....actually no one say your face looked hamsup but you gave people that idea hehehehe :D

boi.. this thread hav turn into pyjamas and ma hamsup face thread.. :lol: men.. u guys r crazy.. :lol: thx to Baq! :applause: :lol:

I reserved my right not to say anything now :lol:

Not a bit....A LOT MORE HAMSUP! hahahaha :lol:

oh thank u veri much Sze, i'll take that as a compliment :tyty: :lol:

oh thank u veri much Sze, i'll take that as a compliment :tyty: :lol:


You're most welcome! :D


I have more 'hamsup' pictures....want me to show? :D

wah so miss you guys very much! I hope can come to KL this Dec :cry:

^^ Miss you too! :cry: Hope to see ya this Dec :hug:

This time I've got new accomodation arrangement for ya so you can save a lil $$$ ;)

wah..u got new room or what ar? :D

You're most welcome! :D


I have more 'hamsup' pictures....want me to show? :D


YES PLEASE!!! :D:D

wah..u got new room or what ar? :D


I've got a new apartment ;) .....not my own lah but I've got a room there also but this place like my second home so I've got more freedom cos my parents dun really stay there hehehehe :D

^^ hmm.. sounds fun! can i come too?? :naughty: we can hav a party at that mysterious apartment of urs, wat d'u think Baq?? :lol:

^^ TYW>> u wish!!

^^ Can.....you come first lah then only we talk hehehehe :D

^^ Can.....you come first lah then only we talk hehehehe :D

Ha..ha..what party is that ;)

woohoo..yeah party! Everyone must wear skyscraper hats! Eh where around KL is your new place ar, sze?

Venice Hill ;)

OH...no wonder the haze picture taken from Venice Hill. Own place, rented or what?

wah so many people buy apartments now ey?? :D:D

OH...no wonder the haze picture taken from Venice Hill. Own place, rented or what?

own place ;)

own place ;)

So cool. So, when is the party taken place ;)

So cool. So, when is the party taken place ;)


Hahaha...not enuf quorom.....have to wait till Baq coes back and TYW/Pablo comes to town hehehe :D

Hahaha...not enuf quorom.....have to wait till Baq coes back and TYW/Pablo comes to town hehehe :D

itu budak yang duduk kat tempat tinggal mewah tengah tengah kotaraya tu ada panggil ke?

Hahaha...not enuf quorom.....have to wait till Baq coes back and TYW/Pablo comes to town hehehe :D
Me in KL by early December for 3-4 weeks. Saved up my hols. :)

itu budak yang duduk kat tempat tinggal mewah tengah tengah kotaraya tu ada panggil ke?


Takde lah.....my weekend was saved by a few 'backup plans' ....phew.....lain kali meet people masti ada backup plans lah......orang sekrang suke sangat 'fly aeroplane' (you shd know what dat means rite? hehehe)

Me in KL by early December for 3-4 weeks. Saved up my hols. :)


That's GREAT news! :okay:

Can't wait to see you again.........I'll have to bring you to this very nice place to belanja you and your gf makan ;)

Me in KL by early December for 3-4 weeks. Saved up my hols. :)


Good. Then dont forget to belanja me makan :cheers:

Takde lah.....my weekend was saved by a few 'backup plans' ....phew.....lain kali meet people masti ada backup plans lah......orang sekrang suke sangat 'fly aeroplane' (you shd know what dat means rite? hehehe)

"fly aeroplane"? tak paham wor :lol:

That's GREAT news! :okay:

Can't wait to see you again.........I'll have to bring you to this very nice place to belanja you and your gf makan ;)

Wah...where is this place????
Wanna join ler like this :lol:

"fly aeroplane"? tak paham wor :lol:


Direct translation from Chinese lah......maknanya sudah buat appointment tapi tak datang/cancel lah ;)

Wah...where is this place????
Wanna join ler like this :lol:


You been there before lah hahahaha.......I dun think Greg been there before.....Naili's Place hehehehehe :D

Good. Then dont forget to belanja me makan :cheers:
don't worry, will belanja everyone. :grouphug:

^^ now ur talking! including drinks and everything rite Greg? hehe just kiddin.. :)

siapa "fly aeroplane" Baq?

we'll hav a Venitian party then since the place u live is called Venice Hill.. wat u think? everyone must hav a mask and dress up like the people in the time of Renaissance Venice :naughty: Baqs gonna lov it! just kiddin dude.. anyway.. hav i been to Nailis Place?? Malay Restaurent rite?

You been there before lah hahahaha.......I dun think Greg been there before.....Naili's Place hehehehehe :D

Naili's Place lagi. :(

^^ now ur talking! including drinks and everything rite Greg? hehe just kiddin.. :)

siapa "fly aeroplane" Baq?
everything will be included. :)

siapa "fly aeroplane" Baq?


Eh......you from which world? Wrong channel dey! No one fly aeroplane baq lah......we're talking about someone else hehehehe :D

^^ eh.. ku Kuai Low world lah.. mana boleh faham Melayu? talkin bout... TYW?

^^ eh.. ku Kuai Low world lah.. mana boleh faham Melayu? talkin bout... TYW?


No ler :bash: He..he...someone else wor :lol:

^^ oh 'k! sorri dude.. :lol: someone else eh.. hmm.. Greg?

^^ nolah.......not Greg nor TYW......hey.....you know what does 'flying aeroplane' means in the first place or not? :? :D

haha..baq never fong fei kei! If I fong fei kei, sure sampai KLIA oredi :D

^^ Hahaha....see? Even Baq knows what Fong Fei Kei a.k.a. "Fly Aeroplane" means :D

Eh......you from which world? Wrong channel dey! No one fly aeroplane baq lah......we're talking about someone else hehehehe :D

I nearly tot "fly aeroplane" is da fei kei :lol:

I nearly tot "fly aeroplane" is da fei kei :lol:



:eek: :eek: :eek: :eek:


:runaway:


:nono: :D

now u guys realli confuse me.. anyway, of coz i know wats da meanin of "fly aeroplane" in hokkien it means "pang pui ki" rite? translate into English.. it means.. last min cancel meeting rite? :okay:

fong fei kei... hmm.. wats that?

now u guys realli confuse me.. anyway, of coz i know wats da meanin of "fly aeroplane" in hokkien it means "pang pui ki" rite? translate into English.. it means.. last min cancel meeting rite? :okay:

fong fei kei... hmm.. wats that?

yeah!! you got it right!! i think i know who it is already:D

Back to the topic.
Found this pic on webshots back from July. Looks as if construction is in full swing.
http://img.photobucket.com/albums/v730/Greg8000/405740319LVoRvo_ph.jpg

Errr..Greg. What construction you referring too?

^^ i think he's talkin bout the one behind BTS..

Errr..Greg. What construction you referring too?
Isn't the on the right hand side of BTS NAS Pavillion? Im a bit confused, or is it this abandoned project. :wallbash:

Isn't the on the right hand side of BTS NAS Pavillion? Im a bit confused, or is it this abandoned project. :wallbash:


NAS Pavillion construction site is just slightly more to the left of this picture (next to the carpark). So it can't be seen in this picture.

The abandoned project to the right of BTS (actually it is directly behind it) is Menara Li-Foong ;)

Not ur fault Greg. It is okay ;)

Taken 27.12.2005
NAS Pavilion seems to be definitely on hold. Also drove past it and it basically looks the same like back in February 2005. :ohno:
http://img.photobucket.com/albums/v730/Greg8000/PIC_0164.jpg

interesting!its just matter of time before they link jalan sultan ismail to the kampung pandan roundabout which i think the parking lot will be gone but then again it might be a elevated one i am not sure! i think its going to be right next to this building!me personally think that the link should have been built 20 years ago.

Taken 27.12.2005
NAS Pavilion seems to be definitely on hold. Also drove past it and it basically looks the same like back in February 2005. :ohno:
http://img.photobucket.com/albums/v730/Greg8000/PIC_0164.jpg

Yeah...terrible isnt it...

It is like waiting for an unripe fruit to ripe...

http://img222.imageshack.us/img222/420/img04143bd.jpg

^ more like waiting for the tree to grow 1st!

^ more like waiting for the tree to grow 1st!

And now is..............rotten apple!!

^^
Are the pictures above of the NAS pavilion?I thought NAS pavillion was supposed to be the area next to the Regent Hotel and opposite JW marriot?

^^
Are the pictures above of the NAS pavilion?I thought NAS pavillion was supposed to be the area next to the Regent Hotel and opposite JW marriot?

Nope..that is the exact location for NAS Pavillion. I believe you mistaken it with KL Pavillion ;)

And now is..............rotten apple!!

Yalor...been abandoned twice already. Crazy...:mad:

i didnt noticed that this project is abandoned until u guys mention it here..

i didnt noticed that this project is abandoned until u guys mention it here..

Walla...where have you been my friend :? he.he...

Walla...where have you been my friend :? he.he...

hehe..using malacca as an excuse would be lame rite? :D
just that i dun care much about this project..hehehe..
the night club next to it still open ke?

hehe..using malacca as an excuse would be lame rite? :D
just that i dun care much about this project..hehehe..
the night club next to it still open ke?

Ha.ha...yeah..such a lame excuse.

Yup..the club is still open. ;)

Ha.ha...yeah..such a lame excuse.

Yup..the club is still open. ;)

maybe the location bad fengshui..thats why abandoned...
later this week go to sg.wang..i wanna check this thing out..

maybe the location bad fengshui..thats why abandoned...
later this week go to sg.wang..i wanna check this thing out..

What you going to do??? bringing a fengshui master? he.he... :runaway:

Nope..that is the exact location for NAS Pavillion. I believe you mistaken it with KL Pavillion ;)

What? KL pavilion? Some of these really projects confuse me....

What? KL pavilion? Some of these really projects confuse me....
exactly. let's refers kl pavillion as healthy pavillion while nas pavillion as rotten pavillion.

^^ Ahhaa thats a good one! :lol: its been a year now rite.. still like that.. hope they'll change the color too..

How to change color SEED when the project for obvious reason is currently no progress for the 2nd time. But the showroom still open though...

^^ Ahhaa thats a good one! :lol: its been a year now rite.. still like that.. hope they'll change the color too..

eh dun change color lah :D

^^ eh :naughty: Baq.. i tot u complaint bout the color before?

I'm a buyer of Nas Pavilion ,would like to know all the sifu advises here on what you guys reckon is happening to the property. Called up Urban Shift (developer), they just keep telling me that there are some re-structuring going on (Ho-hup buying majority stake into Urban Shift) and that work will resume soon. Their "soon" here means an infinite procrastination and doesn't convince me. There is no far no official notice/letters from the developer on the plans, but the officer whom I spoke to says the forecasted date of completion (which is May 2007) is still within target.

Are they struglling financially? Another news I got from a Mortgage officer from one of the banks is that one of the major player (investor) has withdrawn from the project, hence they seek Ho-hup to buy over them as a measure of fund seeking.

The loan has not been disbursed, mainly because the construction progress hasn't reached the specific milestone, but I'm worried to be trapped in an abandoned project like this site has used to be.

Shall I just exit (forfeitting my deposit/downpayment), or shall I wait?

Appreciate all your views.

Thanks!

Wow...Its hard to say anything here...

But if you ask me, I would forfeit the money as I dont see any progress at all.

N honestly, I dont even think that May 2007 is reacheable even if they decide to resume back the project n working round the clock. It just couldnt happen.

kokwei i think zahirnya is right there is nothing going on with this project cannot help noticing all the cranes with the ho hup logos and thats it!infact i think they are taking down the showroom net to the site i suspect it got to do with the linking of jalan sultan ismail to bulatan kampung pandan actually its so easy to mistaken this project to the other pavilion project but as long as i can remember this project so much problem right from the begining

But the showroom is still there n still open right?

zahirnya i am not 100% certain, i know the site office building is still there but the other day when i drove by i made it a point to look, looks like it vacant already ,i really dont like this project!i think it shoudnt be there!i dont care for the design

Hopefully I can see something from that site today...going to Times Square later

Guys, thanks for the feedback. Looks like there's no other Nas Pavilion purchasers here whom I can share my thoughts with.

I've alwasy thought it was nearly sold out! what happened?

I might call them up next week and ask what is going on! :)

Nas Pavilion project gets good response
BT 24/05/2004 By OOI TEE CHING

THE revived RM377 million Nas Pavilion project, undertaken by Urban Shift Sdn Bhd, has received encouraging response since the launch of its first phase four months ago.

To date, 85 per cent of the service apartments and 50 per cent of the retail units have been sold. Out of the service apartments sold, 15 per cent was taken up by foreigners, mainly Indonesians.
“We salvaged the abandoned project from Metro Jelita Sdn Bhd at a bargain price after it went into receivership a while ago. Our buyers can be assured that we are committed to delivering within three years as stipulated in the sale and purchase agreement,” Urban Shift director Datuk Muhammad Shafee Abdullah said.

He was speaking at the launch of the second phase by Second Deputy Finance Minister Datuk Dr Ng Yen Yen in Kuala Lumpur on Saturday. Nas Pavilion is located along Jalan Imbi, near Berjaya Times Square.

Nas Pavilion boasts of exclusive furnished and serviced residences, a six-storey shopping mall, an intelligent office tower and comprehensive clubhouse facilities.

Speaking to reporters later, Dr Ng said the Government’s recent suggestion that developers may be asked to “build then sell” is meant to protect house buyers without over-regulating the building industry.

The concept suggests that buyers pay 10 per cent as downpayment and the remaining 90 per cent on completion of their property.

In implementing the “build then sell” policy, Dr Ng reassured builders that the Government will ensure there are no sudden upheavals in the industry.

She expressed the hope that property developers will prepare themselves psychologically and financially so that the industry will move in tandem with the Government’s policy.

In view of better global economic indications, Dr Ng anticipates that the local property sector will register 2.6 per cent growth this year.

You should Greg ;)

Maybe they can highlight the reason why...

Just spoke to the sales representative for NAS Pavilion at Kim Realty.
Apparently the new develper (Urban Shift Sdn Bhd) is currently being checked by the banks, because they did a restructuring recently.
They have have so far sold 90% of 2 towers and construction should resume
shortly after Chinese New Year. The 3rd tower will be launched after construction has resumed.
Hope this sheds some light into our recent confusions. :cheers:

Just spoke to the sales representative for NAS Pavilion at Kim Realty.
Apparently the new develper (Urban Shift Sdn Bhd) is currently being checked by the banks, because they did a restructuring recently.
They have have so far sold 90% of 2 towers and construction should resume
shortly after Chinese New Year. The 3rd tower will be launched after construction has resumed.
Hope this sheds some light into our recent confusions. :cheers:

That is a relief. Hopefully what they tell you is truth. At least its a positive sign.

Meaning that by early next month it should be resume back its operation :D

sound good ;)

Greg the Great :cheers:

how about plaza rakyat situation??
i think Greg should ask people there..

Is there a contact number for Plaza Rakyat?

Is there a contact number for Plaza Rakyat?
Probably can find the number on www.plazarakyat.com.my :hahaha:

I doubt so :D

i got this..

DBKL

Untuk Hubungan Korporat :
Unit Hal Ehwal Awam & Antarabangsa
Tel : 03-2617 9000 . Fax : 03-2698 0460
Email : dbkl@dbkl.gov.my

i got this..

DBKL

Untuk Hubungan Korporat :
Unit Hal Ehwal Awam & Antarabangsa
Tel : 03-2617 9000 . Fax : 03-2698 0460
Email : dbkl@dbkl.gov.my
Okay thanks, but I don't speak Malay. But maybe that's a good thing.
I'll give it a try. :D

Ha.ha...good luck Greg :D

http://i28.photobucket.com/albums/c224/dengilo/pavilion3.jpg http://i28.photobucket.com/albums/c224/dengilo/pavilion1.jpg :)

It does not change at all...maybe u should take another snap after CNY :D

amazing !!! such a mega company and yet such a humble office!! somewhere in imbi!http://i28.photobucket.com/albums/c224/dengilo/hohupoffice.jpg

amazing !!! such a mega company and yet such a humble office!! somewhere in imbi!http://i28.photobucket.com/albums/c224/dengilo/hohupoffice.jpg


Another version of "Malaysia Boleh!" :)

amazing !!! such a mega company and yet such a humble office!! somewhere in imbi!http://i28.photobucket.com/albums/c224/dengilo/hohupoffice.jpg

eh..i know this contractor...its located very near to bkt bintang...right infront of a photo shop...

WOW :eek:

waha..looks like a KTV outlet!

waha..looks like a KTV outlet!

Nothing wrong what. KTV is nice though :D

a good friend of mine used to work there..
guys..never under estimate Ho Hup construction..u guys will be suprised looking at their portfolios..and im not joking ;)

aiya.. macam kopitiam aje

Feel like a Chinese Restaurant:D:D

rendering

http://www.kimrealty.com.my/imagescollection/projects/nasmainpictures.gif

http://www.kimrealty.com.my/imagescollection/projects/nasmap.gif

:) As the Chinese New Year is over, they should resume construction soon.
At least that's what they told me.
Please keep en eye on this. :)

As the Chinese New Year is over, they should resume construction soon.
At least that's what they told me.
Please keep en eye on this.

just wait n see.. :)


Greg.. do u have any news about plaza rakyat??

just wait n see.. :)


Greg.. do u have any news about plaza rakyat??
Not yet, but I'll call them soon. ;)

Well, now its after CNY already :D

Perhaps they would wait till after Chap Goh Mei which is the official end of CNY before they resume work :lol:

ANyway most ethnic-Chinese contractors only start work on Monday or on the 10th day of CNY and a handful on the last day itself (15th) ;)

a good friend of mine used to work there..
guys..never under estimate Ho Hup construction..u guys will be suprised looking at their portfolios..and im not joking ;)


Ho Hup is one of the most famous and one of the larger construction company in Malaysia. And you're right about their portfolios.....many prestigious projects are done by em :okay:

Among their projects are KLIA Satellite building, Starline LRT viaducts, National Stadium at Bkt Jalil, PTT's foundation works, Putraline LRT viaducts, RHB Centre, Atrium Plaza, IBM Tower are just some of their projects that I could dig out of my mind at the moment. ;)

eh..i know this contractor...its located very near to bkt bintang...right infront of a photo shop...


Yea.....Medan Imbi to be precise.....opposite the wedding photo shop, playground and some bak kut teh shops :D

Ho Hup is one of the most famous and one of the larger construction company in Malaysia. And you're right about their portfolios.....many prestigious projects are done by em :okay:

Among their projects are KLIA Satellite building, Starline LRT viaducts, National Stadium at Bkt Jalil, PTT's foundation works, Putraline LRT viaducts, RHB Centre, Atrium Plaza, IBM Tower are just some of their projects that I could dig out of my mind at the moment. ;)

Great memories u hv. These shld be enuf to imagine the size of this firm before. And now, its juz occupying 2 shoplots with some low key plant pots at its front. What's really happen to ho hup is a sad tale of two best frens, ho hup and Renong's UEM. Ho hup was a successful engineering firm build up with solid technical expertise management, while UEM was an ambitious firm with close link to the govt. So, Ho hup sealed the friendship into marriage by selling its controlling stake to uem back around 90s. And, the honeymoon started with flows of govt. mega projects awarded to uem. uem passed it to ho hup to implement it. without ho hup, uem is incapable. without uem, ho hup is just like its used to be..single with unexploited talents. both r very inter-dependent. when recession hit, renong fall and so with uem+ho hup. uem sold some of its shares to another company, and later on, formed its own construction firm, UEM Builder. by then, logic sense is that uem would passed all its projects to uem builder. When shares market was rebounding, uem dumped its very old best fren, ho hup and leave it alone struggling.

ha ha such stories of ho hup yup still cant help thinking about it whenever i drive by it sometime i wish more companies in malaysia just like them so low profile yet mega!sorry i posted the photo here i wish there is thread for big construction companies,but the reason i posted the photo here is because ho hup is the main con for the. NAS Pavilion Bkt Bintang project

ha ha such stories of ho hup yup still cant help thinking about it whenever i drive by it sometime i wish more companies in malaysia just like them so low profile yet mega!sorry i posted the photo here i wish there is thread for big construction companies,but the reason i posted the photo here is because ho hup is the main con for the. NAS Pavilion Bkt Bintang project

Dengilo..yeah..i agree with you..why dont we make a thread for big contruction company..that wud be so cool!! :okay:

i pass the area just now..sadly..no progress or any movement of machinery

any news??

^ Seems no. History of constructions around that area seemed bumpy (BTS, Chulan Square, the unfinished one behind BTS) :(

^^ Hmm.. bad feng shui i think or.. :no:

Yes...nothing happen..remember someone said it should be resume back after CNY ?

Yes...nothing happen..remember someone said it should be resume back after CNY ?
Yes, that was I've been told. I will give them a call again to check status. :)

Yes, that was I've been told. I will give them a call again to check status. :)

Wow..u really want to know the status ah ;)

According to KimRealty there was some change of shareholders and the project will resume "very soon". ;)

^^ Well......hopefully! This project had been stalled and resumed many times liao :(

From the Edge. It's a revival project. I wonder which building!

S'pore fund to revive KL building into RM200m project
By Alfean Hardy


Allco Funds Management (Singapore) Ltd (Allco FMSL) and Bluestone Group Malaysia’s unit will revive a half-completed building in Kuala Lumpur into a RM200 million commercial project.

Bluestone's unit Taragon Capital Malaysia will provide the project management, development and real estate management services and expertise.

"The project is located in the vicinity of prominent buildings such as Berjaya Times Square, Sungei Wang Plaza and Park Royal Hotel,” Bluestone managing director K H Sim said in a statement on April 24.

Bluestone has entered into a development agreement with Allco FMSL, a unit of Australia's financial services group Allco Finance Group Ltd, to revive the project. Allco Finance specialises in asset-based structured financing and fund management.

Under the agreement, Allco FMSL will provide the finance structuring and support as well as funding support via an equity investment in the project.

“The funds invested will be used to purchase a half-completed building which sits on 5,800 sq metres of prime land for RM56 million,” said Sim.

Work is expected to start in early 2006 and the completion date is end-2009. Once completed, it will have a net area of 42,000 sq metres.

“We will be developing the existing building into a prime commercial project,” said Sim, adding that there is good commercial potential as the project is located in the vicinity of prominent buildings.

Sim said they were working with a local commercial bank to structure a blended financial facility combining a mezzanine facility with senior debts.

Once finalised, this facility, amounting to about RM60 million, would be the first of its kind in Malaysia, he added.

Allco FMSL director Sheldon Lee said this was its first entry into the Malaysian market and the tie-up with Bluestone was an opportunity for it to participate in the Malaysian property market.

Although in the other thread all of us think that it could be Menara Li-Foong.....however now after some careful thinking, it could be NAS Pavillion :yes:

The only clue-giveaway to this is ParkRoyal Hotel......if it is Menara Li-Foong they wouldn't mentioned this. And in Malaysia, 'half-completed' doesn't always mean it is half as we can't take the words on face value :D NAS Pavillion is on its 4th floor now so can considered 'half' lah :lol:

Wow thanks for the info! I truly hope they change the design too :D

Get this information from 2003 Malaysian Top Corporate Directory about Ho Hup Constructions

Business Activities: Building contracting works,hire of plant,machinery foundation engineering & civil engineering
Authorised capital: RM 100,000,000.00
Paid up Capital: RM60,000,240.00
Incorporation Date:24.03.73
No of employees:1100

From the data given, how can it be the small office as we see in the picture before?

^^ Yes it could :yes:

Since it is a construction company, it doesn't need many office workers. Its engineers and workers are usually on-site ;)

I've recently called the developer Urban Shift and I was put to a receptionist only (max), no other person with authority dare to speak to me as I was questionning aggresively on the resuming of the project.

Anyway, looks like a dead end to me :( (I'm a buyer).

Any other unlucky purchasers here?

I've recently called the developer Urban Shift and I was put to a receptionist only (max), no other person with authority dare to speak to me as I was questionning aggresively on the resuming of the project.

Anyway, looks like a dead end to me :( (I'm a buyer).

Any other unlucky purchasers here?

Hmmm...sorry to hear about that. I hope it can be resume back soon

I've recently called the developer Urban Shift and I was put to a receptionist only (max), no other person with authority dare to speak to me as I was questionning aggresively on the resuming of the project.

Anyway, looks like a dead end to me :( (I'm a buyer).

Any other unlucky purchasers here?
I don't think that Urban Shift is the developer anymore. I suggest
you call Kim Realty. http://www.kimrealty.com.my/projectdetails.asp?ref=9

this one project i can never figure out!what went wronglah?ah ya location i think its good enough ,once they finish linking sultan ismail to the kampung pandan roundabout they will have a new frontage but then again just how they going link it i have no idea is it street level or elevated!but then again if ho hup thinks its not worth con tinuing it tells me something its not right but then again it can be only one reason MONEY!!!

Found this article ...

Redeveloping Menara Li Foong into Puteri KL

THE revival of an abandoned integrated development in the heart of Kuala Lumpur’s shopping belt should erase a decade-long eyesore in the federal capital.

The former Menara Li Foong, just a stone’s throw from one of the nation’s biggest shopping centres, the Berjaya Times Square, is being rescued by Bluestone Group Malaysia (BGM) and Allco Funds Management (Singapore) Ltd (Allco FMSL).

BGM through its wholly-owned subsidiary Taragon Capital Malaysia (TCM) recently signed a development agreement with Allco FMSL to revive and develop the uncompleted building into a RM200mil commercial project called Puteri KL.

Allco FMSL manages a suite of private equity and mezzanine funds. It is a subsidiary of Allco Finance Group Ltd, one of Australia’s leading financial services companies that specialises in asset-based structured financing and fund management activities principally in the aviation, property, rail, shipping and infrastructure sectors.

BGM will provide project management, development and real estate management services, while Allco FMSL will provide finance structuring and funding through equity investment in the project.

“We are working with a local bank to structure a blended financial facility, combining a mezzanine facility with senior debts. Once finalised, this blended financial facility amounting to RM60mil will be the first of its kind in Malaysia,” BGM managing director Sim Kay Huan told StarBiz.

He said the project would be re-designed to meet current market needs. Menara Li Foong was originally planned as a six-storey shopping centre with two 28-storey towers – one tower for a hotel and the other for offices.

Sim said the shopping centre plan would be scrapped, as there were already many such centres in the area.

Menara Li Foong in Jalan Pudu, Kuala Lumpur, is being revived by Blustone Group
“We’ve not finalised our plans but are still fine tuning them. It will be commercial with a small retail component. The cost of completing the project is estimated to be in the region of RM100mil to RM120mil,” he said.

Why did BGM pick this particular project?

Sim said BGM had done a due diligence study of the project’s viability and among the selection criteria was that it must be of a reasonable size and one that BGM could make money out of.

As such, the project with its excellent location is considered a good choice.

“We are talking to some potential investors who may just take up a block. We intend to change the design, knock off some parts of the building and bring the swimming pool down from level 7 as per its original design,” Sim said, adding that construction was expected to begin next year and targeted for completion at the end of 2009.

Puteri KL upon completion will have a net area of more than 42,000 sq metres.

Sim said Puteri KL’s small retail component could have a “Little China” theme specialising in China-made products. He said the joint-venture agreement with Allco FMSL was an important milestone for BGM's growth plans.

“We will be the first in this country to secure a working partnership with Allco FMSL. We have the opportunity to work with a partner, who is part of a reputable group that has an impressive track record in the international arena for innovative asset-based structured financing, particularly in the property sector,” he said.

Allco FMSL director Sheldon Lee said the company was impressed by the level of professionalism demonstrated by BGM team.

“As this is our first entry into the Malaysian market, we can find no better partner than BGM. Their understanding, experience and knowledge of international due diligence requirements and their adoption of international stringent risk management measures will be invaluable in our co-operation,” Lee added.

^^
http://skyscrapercity.com/showthread.php?t=342474

What happened to NAS actually? I remember seeing their ads and grand launch on papers not too long ago. NAS is on-hold or what?

Is this NAS Pavillion?

http://img274.imageshack.us/img274/7614/klconstruction022xt.jpg

yeah :(

yeah :(

Well they waited long enough!i recently went by the site, the contractors building the link to the kampung pandan roundabout has started work its just a matter of time before they take down the showroom at the parking lot so as a few houses in that area!its such a narrow patch of land !

Well they waited long enough!i recently went by the site, the contractors building the link to the kampung pandan roundabout has started work its just a matter of time before they take down the showroom at the parking lot so as a few houses in that area!its such a narrow patch of land !


Am I right in thinking that there is to be a road link from Jln Imbi where the showroom is now?
Will this mean traffic coming down from Jln Sultan Ismail will go straight ahead instead of turning right into Jln Imbi passing BTS?

Hi andy!yes in the future once the link is completed cars from jalan sultan ismail can use this new link to the smart tunnel,putrajaya highway and the kampung pandan roundabout.theparking lot u see next to vegas club is where its going to be the showroom for NAS Pavilion project is going to be gone along few more houses leading to the once kampung brunei.I simply love this project because i think it will somehow
relief the the traffic situation in the golden triangle but then again u have the option of paying toll to escape the traffic jam ha ha!pick the smart tunnel or putrajaya highway if u heading south on ly to be caught in traffic again when come out again at the old sungei besi airport at peak rush hour if u take the tunnel or end up somewhere in putrajaya because doesnot have any exit all the way!!!

emm drove by the site today !i see ho hup people clearing the site i suspect is either they continuing or close shop.

:deadthrea

without doubt...along with the building as well :cry:

Wat happen to this project? I thought it will be fine since there was a minister who launched it some time ago...