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Countdown to 2020 new projects, proposals, under-construction updates and news of developments & construction projects.



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Old November 14th, 2007, 01:15 AM   #81
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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.
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Old November 14th, 2007, 03:05 PM   #82
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Menara MIDF facelift
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Old November 14th, 2007, 05:20 PM   #83
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Old November 15th, 2007, 05:11 PM   #84
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Malaysia's tallest building?

http://www.theedgedaily.com/cms/cont...d4930-f2dbae1b
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Old November 15th, 2007, 05:30 PM   #85
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Originally Posted by TWK90 View Post
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.

Last edited by Greg; November 15th, 2007 at 06:05 PM.
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Old November 15th, 2007, 05:40 PM   #86
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I hope it will be at least 700 metres... this can put Johor Bahru/Nusajaya on the world map .
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Old November 15th, 2007, 05:42 PM   #87
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Haha, 1957 feet or 2020 feet would be good....
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Old November 15th, 2007, 06:00 PM   #88
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cant wait for that...
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Old November 16th, 2007, 08:27 AM   #89
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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.
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Old November 17th, 2007, 08:25 AM   #90
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Ken to develop high-rise project in Bangsar

http://star-space.com/services/print....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.
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Old November 18th, 2007, 03:30 PM   #91
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18 November 2007:

Quote:
Originally Posted by Greg View Post
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.
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Old November 18th, 2007, 03:40 PM   #92
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wow...48 storey huh..
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Old November 19th, 2007, 09:51 AM   #93
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Menara UOA Bangsar - 23 and 39-storey

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

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Old November 19th, 2007, 11:33 AM   #94
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this site is next to the proposed MAA development?
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Old November 19th, 2007, 02:22 PM   #95
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this site is next to the proposed MAA development?
What proposed MAA development?
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Old November 19th, 2007, 02:33 PM   #96
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this site is next to the proposed MAA development?
yes
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Old November 19th, 2007, 02:45 PM   #97
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Quote:
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What proposed MAA development?
sorry its MNI building, thread here http://www.skyscrapercity.com/showthread.php?t=199958
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Old November 19th, 2007, 02:59 PM   #98
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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.
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Old November 19th, 2007, 05:51 PM   #99
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Quote:
Originally Posted by fylter View Post
Latest project by UOA along Jalan Bangsar, next to Bangsar LRT Station.

The project is well on-progress


The proposed MNI building lies between the construction site and the Dataran Maybank (exisitng car park), but no activities there till todate.
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Old November 20th, 2007, 05:45 AM   #100
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Another project by UOA Group Coming Soon...

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