THE OLIVE 108 | Kuala Lumpur ( Jalan Ampang ) | 4X 20F, 10F | Prep

[rizalhakim]

http://www.digitalflair.com.my/kausar/ampang108.php



5 blocks of high rise service apartments and office tower at Lot 108 Jalan Ampang, Kuala Lumpur

[rizalhakim]

Ampang…..A Neighbourhood of Class and Convenience
Olive 108 Ampang is located within Ampang, a high class residential area mainly populated by foreign expatriates. Exclusive condominiums encircle this area with its lavish settings and surroundings.



Situated just 5 minutes from the Petronas Twin Tower, Olive 108 Ampang is located along the busy Jalan Ampang road, one of the major roads heading into the city. Craving for some Korean food? Steak? Or if you fancy a mix of local and western delicacies, restaurants to satisfy your taste buds are just a walking distance the residence.



Shop all day long at many shopping centres nearby; the Suria KLCC, Ampang Point, City Square, Avenue K and Great Eastern Mall are all located along Jalan Ampang where Olive 108 Ampang is situated at. A whole stretch of embassies and high commissions converge in this area – Cuba, Thailand, Zimbabwe, Japan, Britain, France and Korean diplomatic missions are just some to name a few.



Olive 108 Ampang
Olive 108 Ampang, premium condo living within the heart of Malaysia, is a dream come true of every urbanite. Located in one of the most sought after location, this is one investment with tremendous growth prospects and amazing life-long returns.



These homes blend harmoniously with the cultures of the land, with special attention given to building orientations normally found in the Middle East. Offering residents fine resort living within the comfort of their homes, it hosts a myriad of facilities usually accorded to high class condominium development.



Olive 108 Ampang….High Class, Convenient, Secure, and Happy Living.



Where health and wealth meet
The 3-floor podium is designed as a wellness centre, to compliment with a medical suite located in the office tower, to provide a unique environment where peopl and families can nome together to learn, laugh, eat, exercise and be entertained. S special place that will assist you with shaping healthy habits, that will enable you to do life.

[rizalhakim]

[rizalhakim]

[rizalhakim]

[cattivo]

pity KL, more new projects with dated design..

[rizalhakim]

Official Website - http://www.olive108.com.my
i belif they already cleard the land...

1block 20storey office
1block 20storey servc apart
2blocks 20storey condo
1block 10storey lowrise condo
3storey retail podium

http://www.olive108.com.my/faq.htm

[Flight-FGB]

Thats seems to be the great project.

[rizalhakim]

smaller version of Platinum park
very near to Great Eastern Mall...
i think dis will be a hot property among foreigners specially the koreans and arabs...

[rizalhakim]

[dengilo]

Rizal what is the story with that apt behind this lot ,It seem like forever!!!!

[rizalhakim]

Olive 108 launches in Singapore
by News Desk


Malaysian developer, the Al-Hidayah Group, will be soft launching its high-end development at the Pan Pacific Hotel Singapore this Sunday.

Called Olive 108, this mixed-use development is located in Ampang, a prime area in Kuala Lumpur.

Ampang, also known as Embassy Row, is a prestigious neighbourhood lined with foreign embassies.

The area has already been earmarked by Kuala Lumpur City Hall (DBKL) as an up and coming medical hub as part of its 5-year masterplan.

When completed, Olive 108 will comprise three condominium towers, a service apartment and an office tower with a proposed bridge that links directly to Gleneagles Intan Medical Hospital, just opposite the development.

This means residents can enjoy direct access to the world-class medical facility while living in the comfort of their homes fully equipped with state-of-the-art technology and modern facilities.

Olive 108 will also feature a 3-storey wellness centre to complement the medical suite coming up in the office tower.

Olive 108 is developed by the Al-Hidayah Group, whose business portfolio includes Islamic finance, property development, education, information technology and agriculture.

“Olive 108 presents an excellent investment opportunity for Singaporeans as it is similar to buying a high-end mixed development property beside Gleneagles Hospital in Singapore’s Orchard Road but at a low price of only S$459 per sq ft,” says Ismail Mustaffa, group CEO of Al-Hidayah.

For its launch in Singapore, Al-Hidayah has handpicked RXI Realty Investment to be its exclusive marketing agent due to their strong concept.

“RXI Realty Investment came up with a strong concept in marketing Olive 108 as a high-end medical hub mixed development. That is why we chose them. In addition, they have established networks with real estate agents and high net worth investors in Singapore and Southeast Asia,” says Mustaffa.

Olive 108’s condominium units come in sizes ranging from 1, 733 sq ft to 2, 454 sq ft while penthouse units are at 3, 000 sq ft.

For the soft launch, the pricing of the unit will be at RM890 per sq ft.

Olive 108 enjoys easy accessibility to the rest of Kuala Lumpur via Dato Keramat LRT station and Jalan Ampang.

It is also a 5-minutes drive away to KLCC and the Bukit Bintang shopping district.

Prestigious schools within its vicinity include Sayfol International School, Mutiara International Grammar School, Fairview International School and Kuala Lumpur International School.

Gleneagles Intan Medical Hospital is one of the approved Malaysian hospitals by the Singapore’s Ministry of Health for CPF Medisave usage.

Olive 108 launch will be held at The Pan Pacific Hotel, level two, Ocean 11/12 at 10am.

Al-Hidayah’s Group CEO will personally make an appearance at the launch to share with investors his company’s profile and projects in Malaysia and overseas.

Khalil Adis, former editor for Property Report, will also be at the launch to give investors an update on Kuala Lumpur’s property market.

For more information, contact Ahmad Subki at 9029 5564 or Shaiyadi at 9061 9977

[chuapk]

This project Daewoo is the developer and hidayah is the land owner.

Shd be JV btw daewoo n hidayah group...

[patchay]

Al-Hidayah Group
http://www.alhidayahgroup.com
Ampang 108 | www.olive108.com.my



-

[rizalhakim]

land cleard

[SHAH FIRDAUS]

Al-Hidayah offers wide office spaces in Olive 108
By Lam Jian Wyn of theedgeproperty.com
Monday, 16 August 2010 22:57



KUALA LUMPUR: The Al-Hidayah Group is planning to offer 1,000 sq ft-wide office spaces in its Olive 108 mixed development, said Al-Hidayah group chief executive Ismail Mustaffa.

The group is in talks with various local and international medical organisations to take up space in Olive 108's office tower, and about 126 specialists are eyeing the office units, he told theedgeproperty.com on Monday, August 16.

Meanwhile, he said the group is looking at leasing out its 93,000 sq ft retail podium on an en bloc basis.

"We are looking at leasing it out to an anchor tenant. The service must be complementary to the condominiums and serviced apartments. It must attract people to stay," he said.

He added that some of the interested potential anchor tenants have started feasibility studies on the area, and will share their findings with the group in due course.

Its president and executive chairman Baharin Ayob said rental rates for offices would range from RM3 to RM4, while rentals for retail shops would range from RM10 to RM12 psf, which are comparable to rates in Menara Great Eastern, located along Jalan Ampang.

Ismail and Baharin were speaking after the signing ceremony of a contract agreement between Al-Hidayah-Daewoo Sdn Bhd and South Korean-based Kukdong Engineering & Construction Co Ltd, with the latter appointed as contractor for Olive 108.

Al-Hidayah-Daewoo, a 50:50 joint venture between Al-Hidayah and Daewoo International Corporation, is the land owner, while Bakti Kausar Development Sdn Bhd is the project owner.

Al-Hidayah's main activities are construction, property development, information technology, turnkey education provision, and Islamic finance and corporate advisory.

The Olive 108 is a residential and office development that will be built on a 4.88-acre leasehold land parcel along Jalan Ampang, and will count Gleneagles Hospital and the Ampang Puteri Specialist Hospital as its neighbours.

The RM920 million-project will comprise two phases. For the first phase, there are three condominium blocks, two of which are 20 storeys high while the third will be 10 storeys.

A total of 242 condominium units will be housed in this phase, with sizes ranging from 1,970 sq ft to 2,454 sq ft and would be priced at an average of RM750 psf.

Meanwhile, the second phase would feature a serviced apartment block and a Grade-A office tower, each 20 storeys high and standing on a three-storey podium.

In this phase, 210 units of serviced apartments have been planned, with sizes ranging from 750 sq ft to 1,500 sq ft, and would be priced at an average of RM900 psf.

Each floor in the office tower will have a gross floor area (GFA) of 15,000 sq ft.

The office tower will have 10 floors dedicated to housing medical suites for consultation purposes, while the retail podium will be turned into a "wellness centre".

However, subject to market conditions, Ismail said the office spaces may be scaled back and part of it may be converted into residential spaces.

To date, about 80% of the residential units have been taken up, with half of them bought by expatriates.

Construction is scheduled to begin later this year.

[rizalhakim]

Originally Posted by SHAH FIRDAUS

Al-Hidayah offers wide office spaces in Olive 108
By Lam Jian Wyn of theedgeproperty.com
Monday, 16 August 2010 22:57


To date, about 80% of the residential units have been taken up, with half of them bought by expatriates.

waaaa....low profile project tapi sudah 80%????

[patchay]

Originally Posted by rizalhakim

waaaa....low profile project tapi sudah 80%????

maybe dey roadshow it at overseas....

[rizalhakim]

so many new projects in dis area....

[rizalhakim]

Building Kuala Lumpur’s Harley Street
By Racheal Lee of The Edge Malaysia
Sunday, 12 September 2010 00:00

Jalan Ampang in Kuala Lumpur boasts several landmark buildings housing medical and health-and-wellness related services, among them Gleneagles Hospital and the Ampang Puteri Specialist Hospital.

That has given the Al–Hidayah Group, owner of a 4.88-acre commercial tract on the thoroughfare a brainwave — to complement the health-related facilities found within 3km of the plot.

To do this, the group is developing Olive 108, a RM920 million project designed around the “wellness concept”, reveals Al-Hidayah group chief executive Ismail Mustaffa.

The group is a diversified business corporation involved in Islamic financing via its Al-Hidayah Investment Bank Labuan, an offshore investment bank under the Labuan Financial Services Authority; agro-based industries; education; information technology and property development. It is currently developing some apartments in Morocco but Olive 108 marks the group’s debut in the Malaysian property development scene.

Olive 108
The wellness concept, Ismail tells City & Country, was chosen because of the presence of the wellness-related facilities in the area such as hospitals, insurance companies as well as the head office of the Social Security Organisation (Socso).


Ismail: The name Olive was chosen as it has always been associated with health and wellness
Even the project name, Olive, was selected for its association with health and wellness. “Jalan Ampang has all the ingredients to be developed into a wellness-focused enclave of Kuala Lumpur city like Harley Street in London which houses all kinds of medical assistance facilities. Projects and developments here can be coordinated by the authorities to turn Jalan Ampang into a wellness street,” says Ismail.

The developer has done its homework — discussions with the Gleneagles Hospital and Ampang Puteri Specialist Hospital have confirmed that medical tourism in Malaysia is on the rise.

“More and more people are coming from the Middle East and Indonesia to Malaysia for treatment and these people don’t come alone. They come with their families and they should stay in a comfortable place near their loved one while they are here,” he adds.

Olive will be built in two phases, with the first comprising three condominium blocks — two rising to 20 storeys and the third to 10 storeys. Phase two will have one block of serviced apartments and an office block, each 20 storeys high and sitting atop a 3-storey retail podium.

There will be a total of 242 condominium units. Sized from 1,900 sq ft to 2,500 sq ft, these will be priced at an average RM750 psf. Meanwhile, the 210 units of serviced apartments will be smaller, from 750 sq ft to 1,500 sq ft and these will be sold at a higher average of RM900 psf.

The gross floor area of the office block is 15,000 sq ft per floor. The project will be served by 1,300 parking bays on two basement levels. Each condo block will have its own access to the car park. The developer has chosen Korean builder Kukdong Engineering & Construction Co Ltd — one of the builders of the Petronas Twin Towers — for the construction of Olive 108. In all, the project has a gross floor area of 1.3 million sq ft and 400,000 sq ft of car park space.

The Al-Hidayah Group unveiled all the condo and serviced apartment blocks in May in Singapore and Malaysia. At press time, interest has been shown for 80% of the units. The group hopes to start construction by year-end. First to be built will be the condo blocks, followed by the serviced apartment and the office block within six months.

The developer is targeting foreign corporations looking for staff accommodation as well as Koreans, Japanese, Iranians and Indonesians.

As for the offices, the developer is trying to attract local medical practitioners. Unit size and indication pricing of the offices were not immediately available.

The developer is watching the market closely and is not oblivious to the current soft office space market. “We are concerned ... There are a few alternatives before us. We can redesign 10 of the 20 storeys in the block into serviced apartments, considering the demand,” Ismail says.

As for the retail podium with 93,000 sq ft, the developer is targeting wellness-related businesses like spas, pharmacies, health food outlets, banks and insurance companies. It may sell the podium en bloc or keep it for recurring income.

The Olive 108 site used to belong to the Malaysian Armed Forces. Al-Hidayah got the land in a swap with the Ministry of Defence. It signed a privatisation agreement with the Ministry to build a new camp site on Jalan Padang Tembak in exchange for the leasehold land on Jalan Ampang.

Landbank
Set up in 1995 as a company involved in electrical construction works, the Al-Hidayah Group went into subcontracting of civil works before moving on to becoming a main contractor. Under the government’s private funding initiative (PFI), the group built a 3,600-unit student hostel for Universiti Kebangsaan Malaysia (UKM) under the build, operate, transfer (BOT) concept. The hostel was completed in 2005.

In Alor Gajah, Melaka, near the A’Famosa Resort, the group owns a 190-acre site on which it has built the Advanced Technology Training Centre (ADTEC) and Malaysian Institute of Chemical Engineering Technology (MICET) on a full turnkey basis. They were completed in 2005 and are now operational.

The Group will also develop the curriculum, supply teaching materials and conduct training for teaching staff for the two institutions. The two institutions occupy a total of 73.8 acres, while 50 acres has been reserved for another foreign university to set up campus here.

“We have to build the population here first before we build homes. So we decided to get education institutions to set up campuses here. We are also talking to three universities from Canada and Australia to set up their campus here. Once we have these universities, we have the critical mass and we can start building houses,” Ismail says of the site.

The remaining area will be developed within five years. Plans are for landed homes such as bungalows, semi-detached homes and townhouses, targeting Singaporeans looking for weekend homes. Located near to Simpang 4, the site is only a short distance from the North-South Expressway.

This project in Melaka has a gross development value of RM170 million.

The Al-Hidayah Group is also planning for its 382-acre land in Tebrau, Johor, which will be developed in the next 10 years. Comprising residential, commercial and office components, the project will be based on the eco concept, with a green lung and a river created within the city.

The site will be carved out into four tracts. The developer is looking for local and overseas joint-venture partners.

As for the project timing, the developer is taking the cue from the market. “We are looking at a GDV of RM13 billion but it will depend on how much the market can absorb. It has to be something unique to attract people there. The project is located along Jalan Tebrau and is 8km to Johor Baru,” Ismail says.

The group also has a 14-acre tract in Bentong, Pahang on which it plans to build 18 units of homesteads of about half an acre each. The developer is now developing the concept for the RM30-million project located just next to the Bentong Golf Course.

Morocco
The Al-Hidayah Group ventured into property development in Morocco in 2008. In a 1,000ha (2,471 acres) new township located 20km from the capital, the group purchased 27ha (66.7 acres) to build 5,000 apartment units in three phases. Known as Maraja-Al-Bahrain, the RM1.2 billion low-rise project is being developed in three phases and will be completed by 2013, says Ismail. The first phase of 600 units were recently completed and handed over in May 2010. Work on Phase two started early this year.

“We joined some business missions organised by the government and we went to several countries, including Morocco in 2005. Many people went to the Middle East which we thought was over-crowded. We saw the opportunity here.

“The Morocco government was building houses as the country was fast developing while more and more people were moving into the city and housing demand was increasing. The majority of the homes are in the medium range and the rest in the high-end range,” Ismail notes.

The group has a regional office in Morocco with 25 staff and from there, it plans to venture into other countries like Libya, Saudi Arabia and Mauritania.

It was also appointed to conduct a feasibility study on ICT development in that country, and is doing a study on vocational training.

The group will also be developing a Waqf land project with the Islamic Development Bank (IDB) under a 50:50 joint venture to build student hostels for University Moulay Ismail in Morocco for 4,000 students. The first phase is currently under construction and is scheduled for completion by end-October.

“From time to time, we need funding for our projects overseas and our Al-Hidayah Investment Bank Labuan offshore bank will raise funds and facilitate the funding arrangements. All its clients are from overseas,” Ismail says.

The company is also the plantations consultant to the Peru Ministry of Agriculture as it is embarking on a 9 million-acre oil palm plantation project.

According to Ismail, the group may also be appointed as the turnkey agriculture contractor to develop oil palm plantation of over 75,000ha in Peru, including supply of seeds, plantation materials and construction of Infra-structures, housing and public amenities. The project is expected to cost about RM10 billion.

“We are done with the feasibility study and to make sure that the project will be successful, we made a proposal to become the turnkey agriculture contractor,” he adds.