Morubina To Build A 5-star Hotel At Ipoh Riverside

rizalhakim · March 12th, 2008, 06:14 AM

Morubina’s Kinta Riverfront project ready by Sept 2009

Ting: Attracted buyers from Indonesia, Singapore and even China

PETALING JAYA: Ipoh’s first 5-star Kinta Riverfront Hotel & Suites on a fiveacre leasehold site along the Kinta River has registered sales of close to 80% of its serviced apartments. Developed by Morubina Sdn Bhd, a member of the Morubina Group of Companies, the project comprises a 19-storey hotel with 313 rooms and a 20-storey serviced apartment offering 239 suites for sale. The entire project has a gross development value of RM120 million and would be completed in Sept next year. Piling works for the project have commenced.

According to the developer, sales have been encouraging since its launch in June last year. Morubina’s managing director Ting Sing Yiew told theSun that its buyers were drawn to the project’s 15-year guaranteed rental scheme. “They found the scheme, which guarantees an annual rental yield of 7%, attractive. We also conducted road shows overseas and have attracted about 40 buyers from Indonesia, Singapore and even China,” said Ting, adding that it has set up sales offices in Medan and Guangzhou due to the overwhelming response. Its local buyers, however, are mostly from Perak and Ting said that most purchased it for investment reasons.

For the serviced apartments, which are unfurnished, the developer is offering two types for sale. The Type A design, totaling 126 units, has views of the riverfront and comes with a built-up area of 1,223 sq ft. Prices of the three-bedroom unit ranges between RM338,999 and RM438,999. Those with the heritage view is the two-bedroom 808 sq ft Type B design which totals 108 units and range from RM199,999 to RM299,999.

There are also five penthouses which come in two designs. With built-up areas of between 1,602 sq ft and 7,393 sq ft and prices from RM730,000 and RM2.8 million, buyers have a choice of between the fully furnished (with three bedrooms) or the partially furnished (with two bedrooms) units.

The developer is also offering an additional fixtures and fittings scheme priced at RM38,000 for Type A units and RM25,000 for Type B units. The maintenance and utility fee is free for those who opt for the guaranteed rental scheme. Those who purchase for own use need to pay 20 sen psf monthly.

The developer says that buyers need only pay an upfront instalment amounting to 20% of the selling price for the project, which employs the build-and-sell concept. The balance payment would be upon the issuance of the Certificate of Fitness for Occupation.

Meanwhile, the hotel component, to be managed by Morubina, would have presidential, royal, family and deluxe suites. “We are also offering standard facilities like any other 5-star hotel. We have a grand ballroom which accommodates 1,600 people, which is the biggest in Ipoh. There are five restaurants, a business centre, two basement car parks, pools and sporting facilities too,” said Ting. Other amenities include Wi-Fi broadband access, spas as well as safety elements such as closedcircuit televisions.

According to Ting, the Kinta Riverfront Hotel & Suites is a tourism-related project and it has since been given a Temporary Occupancy License by the state government to further develop both sides of the Kinta River, covering a 1.5km- stretch from Jalan Raja Musa Mahadi up to Jalan Sultan Iskandar.

“We will be building six mini-bridges, a replica of famous world bridges, along this stretch, costing some RM2 million. There will also be more than 300 shops, bazaars, food and beverage outlets, as well as an open-air auditorium,” said Ting, adding that the cost of developing the riverbank area amount to some RM30 million.

nazrey · October 18th, 2008, 11:49 AM

Piling works on project to resume next week
Saturday October 18, 2008
By CHRISTINA KOH
TheStar

THE developer of the ambitious Kinta Riverfront project will resume piling works near residential homes at Persiaran Istana, Ipoh, next week.

Morubina Group of Companies managing director Ting Sing Yiew assured that they were carrying out remedial measures following a stop work order issued after cracks appeared in several houses and a temple nearby.

Among the measures undertaken, he said, was the building of a soundproof wall to minimise noise from the piling works.

“I admit that it is our fault and we are trying to rectify the problem.

“Sometimes (the homes) are too near and we have no choice because we have to do the piling,” he told reporters in Ipoh on Thursday night.

Saying that the company would bear any cost for the remedial measures, Ting said it was not their intention to damage the residents’ homes.

”We are not about making money. People have said that I’m mad for doing this project but we wanted to create a project where everyone in Ipoh benefits,” he said.

The RM200mil Kinta River-front project, aimed at reviving the past glory of the Kinta Valley, is expected to boost business and tourism in the city centre here.

Ting confirmed that former Bond girl Datuk Michelle Yeoh would launch the project with state senior executive councillor Datuk Ngeh Koo Ham on Oct 26 at 7.30pm.

”She is and always will be an Ipoh girl. We are greatly excited to have her on board despite her hectic schedule,” he said.

The project, which runs along 1.2km stretch on both sides of the Kinta River, will feature the city’s first five-star hotel, service suites, bazaars, shops, mini theme parks and replicas of the world’s famous bridges.

So far, a replica of San Francisco’s Golden Gate Bridge and Perak’s own Silver Nest Bridge have been completed.

Also open to the public are the Moon River Cafe & Grill, food stalls and the Tin Gallery €” a museum with photographs and artefacts from Kinta Valley’s past at Jalan Lim Bo Seng here.

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March 12th, 2008, 06:14 AM	#1
rizalhakim PROUD 2 B MALAYSIAN Join Date: Nov 2007 Location: KL Posts: 22,911	Morubina’s Kinta Riverfront project ready by Sept 2009 Ting: Attracted buyers from Indonesia, Singapore and even China PETALING JAYA: Ipoh’s first 5-star Kinta Riverfront Hotel & Suites on a fiveacre leasehold site along the Kinta River has registered sales of close to 80% of its serviced apartments. Developed by Morubina Sdn Bhd, a member of the Morubina Group of Companies, the project comprises a 19-storey hotel with 313 rooms and a 20-storey serviced apartment offering 239 suites for sale. The entire project has a gross development value of RM120 million and would be completed in Sept next year. Piling works for the project have commenced. According to the developer, sales have been encouraging since its launch in June last year. Morubina’s managing director Ting Sing Yiew told theSun that its buyers were drawn to the project’s 15-year guaranteed rental scheme. “They found the scheme, which guarantees an annual rental yield of 7%, attractive. We also conducted road shows overseas and have attracted about 40 buyers from Indonesia, Singapore and even China,” said Ting, adding that it has set up sales offices in Medan and Guangzhou due to the overwhelming response. Its local buyers, however, are mostly from Perak and Ting said that most purchased it for investment reasons. For the serviced apartments, which are unfurnished, the developer is offering two types for sale. The Type A design, totaling 126 units, has views of the riverfront and comes with a built-up area of 1,223 sq ft. Prices of the three-bedroom unit ranges between RM338,999 and RM438,999. Those with the heritage view is the two-bedroom 808 sq ft Type B design which totals 108 units and range from RM199,999 to RM299,999. There are also five penthouses which come in two designs. With built-up areas of between 1,602 sq ft and 7,393 sq ft and prices from RM730,000 and RM2.8 million, buyers have a choice of between the fully furnished (with three bedrooms) or the partially furnished (with two bedrooms) units. The developer is also offering an additional fixtures and fittings scheme priced at RM38,000 for Type A units and RM25,000 for Type B units. The maintenance and utility fee is free for those who opt for the guaranteed rental scheme. Those who purchase for own use need to pay 20 sen psf monthly. The developer says that buyers need only pay an upfront instalment amounting to 20% of the selling price for the project, which employs the build-and-sell concept. The balance payment would be upon the issuance of the Certificate of Fitness for Occupation. Meanwhile, the hotel component, to be managed by Morubina, would have presidential, royal, family and deluxe suites. “We are also offering standard facilities like any other 5-star hotel. We have a grand ballroom which accommodates 1,600 people, which is the biggest in Ipoh. There are five restaurants, a business centre, two basement car parks, pools and sporting facilities too,” said Ting. Other amenities include Wi-Fi broadband access, spas as well as safety elements such as closedcircuit televisions. According to Ting, the Kinta Riverfront Hotel & Suites is a tourism-related project and it has since been given a Temporary Occupancy License by the state government to further develop both sides of the Kinta River, covering a 1.5km- stretch from Jalan Raja Musa Mahadi up to Jalan Sultan Iskandar. “We will be building six mini-bridges, a replica of famous world bridges, along this stretch, costing some RM2 million. There will also be more than 300 shops, bazaars, food and beverage outlets, as well as an open-air auditorium,” said Ting, adding that the cost of developing the riverbank area amount to some RM30 million.

October 18th, 2008, 11:49 AM	#2
nazrey Registered User Join Date: Sep 2003 Posts: 45,691	Piling works on project to resume next week Saturday October 18, 2008 By CHRISTINA KOH TheStar THE developer of the ambitious Kinta Riverfront project will resume piling works near residential homes at Persiaran Istana, Ipoh, next week. Morubina Group of Companies managing director Ting Sing Yiew assured that they were carrying out remedial measures following a stop work order issued after cracks appeared in several houses and a temple nearby. Among the measures undertaken, he said, was the building of a soundproof wall to minimise noise from the piling works. “I admit that it is our fault and we are trying to rectify the problem. “Sometimes (the homes) are too near and we have no choice because we have to do the piling,” he told reporters in Ipoh on Thursday night. Saying that the company would bear any cost for the remedial measures, Ting said it was not their intention to damage the residents’ homes. ”We are not about making money. People have said that I’m mad for doing this project but we wanted to create a project where everyone in Ipoh benefits,” he said. The RM200mil Kinta River-front project, aimed at reviving the past glory of the Kinta Valley, is expected to boost business and tourism in the city centre here. Ting confirmed that former Bond girl Datuk Michelle Yeoh would launch the project with state senior executive councillor Datuk Ngeh Koo Ham on Oct 26 at 7.30pm. ”She is and always will be an Ipoh girl. We are greatly excited to have her on board despite her hectic schedule,” he said. The project, which runs along 1.2km stretch on both sides of the Kinta River, will feature the city’s first five-star hotel, service suites, bazaars, shops, mini theme parks and replicas of the world’s famous bridges. So far, a replica of San Francisco’s Golden Gate Bridge and Perak’s own Silver Nest Bridge have been completed. Also open to the public are the Moon River Cafe & Grill, food stalls and the Tin Gallery €” a museum with photographs and artefacts from Kinta Valley’s past at Jalan Lim Bo Seng here.