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Mixed-Developments completed, refurbished and ongoing mixed-developments projects



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Old October 29th, 2012, 05:39 AM   #1
rizalhakim
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PARAMOUNT UTROPOLIS | Selangor (Glenmarie) | U/C

http://www.glenmariepark.com.my




Project : Glenmarie Development
Indicative launch date : End of 2012
Type : Mixed development comprising a community mall and six blocks of serviced apartments with approximate built-ups of 600sq ft to 1,200sq ft.
Location : Glenmarie, Shah Alam, Selangor
GDV : RM726 mil
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Old October 29th, 2012, 10:11 AM   #2
rizalhakim
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from Lowyat


There is also a yet-to-be-named Glenmarie project on development land acquired from The Titular Superior of the Brothers of Saint Gabriel, founder of Monfort Boys Town, in 2009 for RM62 million. About 10 acres of the 21.7-acre freehold tract will see a customised KDU University College with plans to relocate students from the existing KDU campuses to the new site by early 2015. The balance of the tract is earmarked for commercial purposes, with a GDV of RM730 million.

Liew says it is up to the group to decide on alternative uses for the existing almost 3-acre KDU campus in Damansara Jaya or to let it remain as a KDU College campus.

“This is where it gets exciting for property. When you bring students in, you need to provide accommodation, F&B, retail and limited commercial components. We will provide residential components for students as well as starter homes for those who prefer the Glenmarie address. The first phase of the commercial component will be launched in late 2012 or early 2013 and be completed by 2015, concomitant with the completion of KDU University College,” Liew says, adding that he foresees many investors for this project.

There will be six blocks of serviced apartments with built-ups of 600 to 1,200 sq ft and an indicative price of about RM550 psf. The retail and limited commercial components totalling 300,000 sq ft will not be up for sale as Liew says they can then control the tenancy mix while providing complementary amenities to the residents and students.
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Old November 12th, 2012, 09:45 AM   #3
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As part of its rebranding and move up the value chain, the company plans to remove its KDU University College in Damansara Jaya and the KDU University College in Section 13, Petaling Jaya, to Glenmarie, Shah Alam where it has 20 acres behind the Montford Boys Town. Half of that piece of land will be occupied by campus grounds while the remaining 10 acres will have supporting amenities like retail, residential and high-rise developments.

The Glenmarie project will have 1,100 units of serviced apartments and 460 SOHO (small office/home office) units on commercial land.


Liew said the relocation of the campuses to Glenmarie would free the land for other uses.


http://biz.thestar.com.my/news/story...2&sec=business
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Old January 8th, 2013, 09:17 AM   #4
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Paramount to build metropolis university
Published: 2013/01/08



Paramount Corporation Bhd today unveiled its masterplan to build Paramount Utropolis, a metropolis university, sprawled over 8.4 hectares (ha) in Glenmarie, Shah Alam, with a gross development value (GDV) of RM1.3 billion.

To be fully completed in seven years, the first phase would comprise the KDU University College campus, on which work had already begun.

"The first phase will be completed in the first quarter of 2015," said Executive Deputy Chairman Datuk Teo Chiang Quan.

Inspired by foreign universities such as Oxford, Cambridge and Melbourne, Teo said the KDU University College Campus would have the same essence so as to promote a learning neighbourhood and community.

"There will be open spaces, themed gardens and discussion cubes, along with nine fully equipped lecture halls that can house up to 250 students each.

"It will also have 60 classrooms, a 50,000 sq ft of space that can house a library and a 500-bed student village," he said.

The location of the metropolis university is strategic, giving the students an easy access and transportation links across the Klang Valley.

On funding for the project development, Teo said the company would be using its own capital plus some bank borrowings.

Meanwhile, Managing Director Datuk Ricque Liew said the land on which the metropolis university is located forms part of the company's total landbank of 320ha.

"At this moment, Paramount is developing about seven to eight projects on the landbank.

"These projects will have a total gross development value of about RM8 billion," he said, adding that Paramount has a very bright future going forward.

All these projects are expected to be completed in 2020, he said.

Among the projects locked in by the company are located in Kedah, the Klang Valley and Cyberjaya. -- Bernama
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Old January 9th, 2013, 04:26 AM   #5
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Paramount Utropolis

Paramount weighs options
Posted on | January 9, 2013
By BUSINESS TIMES



PARAMOUNT Corp Bhd will explore financing options from the capital markets for Paramount Utropolis, its RM800 million integrated development in Shah Alam.

Executive deputy chairman Datuk Teo Ching Quan expects to finalise the financing structure for the project by the end of this month.

“We are looking at a combination of banks and capital markets,” he said yesterday, at the unveiling of Paramount Utropolis.

Paramount’s cash level stood at RM206.2 million, and it has RM672 million in its shareholders fund, as at December 31 2011.

For the year under review, it posted a pre-tax profit of RM110.4 million on revenues of RM473.8 million.

The property development and education-focus company has about 320ha in its pocket, with potential to generate some RM8 billion in gross development value (GDV) over the next eight years.

A major part of the landbank is located in Sg Petani, Kedah, and the rest in Klang Valley.

Paramount Utropolis will be developed in three phases over the next seven years in Glenmarie.

It comprises 1,500 units of serviced apartments and SOHOs (small office-home office), to be developed above a 120,000 sq ft retail centre, and a purpose-build KDU University College Campus adjacent to it.

Teo, a substantial shareholder of Paramount with 27.62 per cent stake, said the company will launch the units in phases over seven years to capitalise on growth.

“We aim to launch the first batch in March. They will be priced between RM550 per square ft (psf) and RM650 psf. We are bullish on sales as this is the first of its kind development in Shah Alam,” he said.

Teo expects construction works for the project to commence in the current quarter.

Paramount group chief executive officer Chan Say Yeong said the company will retain the complex, comprising 50 retail lots, to add to its recurring income.

“In the long run, we expect to have a certain sizeable portfolio to give us long-term generating income. When we have achieved a certain target, we will think of monetising the assets,” he said.

Chan also said that the new KDU campus in Shah Alam will replace the existing campuses in Damansara Jaya and Section 13 in Petaling Jaya, which are parked under its subsidiary, KDU College Sdn Bhd.
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Old January 10th, 2013, 04:14 AM   #6
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image hosted on flickr
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Old January 11th, 2013, 03:17 AM   #7
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http://www.utropolis.com.my/
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Old January 20th, 2013, 10:46 AM   #8
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Are they got any private invite section?
If any got, pls pm me.
Tq
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Old May 3rd, 2013, 09:00 AM   #9
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http://www.utropolis.com.my/master-plan/

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Old May 9th, 2013, 07:49 AM   #10
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Old June 4th, 2013, 03:49 PM   #11
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Any Location 4 This Project?
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Old June 11th, 2013, 12:18 PM   #12
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90% sold but still getting limited earning??


Limited earnings growth for Paramount in 2013

By Fatin Rasyiqah Mustaza
Tuesday, 11 June 2013 12:07


KUALA LUMPUR: Paramount Corp Bhd (PCB) will not be expecting much growth in earnings amid a slowdown in the company’s property launches this year, said executive deputy chairman and group CEO Datuk Teo Chiang Quan.

“We are trying our best to have more property launches this year, but they have been held back because the division has been experiencing slow approvals for its projects,” Teo told reporters after the company AGM.

He added that on a positive note, the group is looking at better earnings growth in 2014 following the completion of several development projects by PCB.

“The more significant benefit of our efforts can be seen at our Glenmarie Utropolis project, which was launched in May. Close to 90% of phase one of the serviced apartments have been sold and we are seeing strong interest in the SoHo units and retail centre.”

Utropolis is a 21.7-acre (8.8ha) integrated development, which will be home to KDU University College’s flagship campus in 2015. “Our plan for property development is to move into integrated developments ... We have plans for property launches in Cyberjaya, Sungai Petani and Glenmarie, and on a 30-acre tract near Hicom, Shah Alam,” Teo said.

The group’s property division contributes up to 75% of its turnover while the rest is from its education division. PCB has residential and commercial development land worth an estimated RM7 billion in gross development value.

PCB’s education division is expecting to complete its RM500 million university metropolis, Paramount Utropolis, in Glenmarie, Shah Alam, by end-2014. Classes are expected to commence by January 2015.

The group had issued perpetual bonds and a sukuk ijarah programme worth RM200 million and RM350 million respectively to increase its landbank and fund its development projects, namely its new Utropolis campus, which would cost about RM220 million.

Datin Teh Geok Lian, who manages the KDU Education Group, said additional proceeds from the sukuk programme would be utilised on a possible phase two of Utropolis. “The additional funds would be made available if the campus goes into full capacity faster than expected.”

In January, PCB proposed a long-term incentive plan (LTIP) for its employees, executive directors and CEO. Shareholders approved the plan for employees, but the scheme for executive directors and CEO was withdrawn at the eleventh hour before the EGM in March.

Teo said the withdrawal by the board was because of the abrupt resignation of PCB’s previous CEO, Chan Say Yeong, in April.
Under the LTIP, PCB aimed to make its staff the “owners” of the company by rewarding them with shares of up to 10% of the issued and paid-up share capital of the group.

Teo has assumed the role of acting CEO since Chan’s resignation and the group is looking for a new CEO. “We are in the process of finding a new candidate ... we have worked with some search firms to bring in the necessary candidates for us to assess and evaluate ... we have not shortlisted anyone as it is a long process,” said Teo.

He added that there were no concerns raised by shareholders on Chan’s resignation and it was business as usual for the group. “The group has been structured into two divisions and each division is being taken care of by capable people [Teh and Datuk Ricque Liew], in a way business continues to be functioning well,” said Teo.

Liew, who manages the group’s property and construction division, said the group’s five-year strategy and three-year implementation are in place and currently under execution. “There is nothing stopping us from new launches and projects,” he said.

This article first appeared in The Edge Financial Daily, on June 11, 2013.


http://www.theedgeproperty.com/news-...t-in-2013.html
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Old December 13th, 2013, 03:15 AM   #13
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Paramount Utropolis @ Glenmarie
by lowyat forumer syong888 from glenmarie suites thread

image hosted on flickr


Previous launch:

Utropolis Serviced Apartments (Phase 1) - from 635sf averaged RM650psf

Now selling:

Utropolis SOHO 1 (Phase 2) - all sizes are 447sf averaged RM720psf and unfurnished
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THE KUALA LUMPUR DEVELOPMENTS COMPILATION (LATEST: NOV'2013) >>> PAGE 1 >>> PAGE 2 (Suburb)

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Old March 20th, 2014, 08:04 AM   #14
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