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Old July 2nd, 2008, 04:24 AM   #61
rizalhakim
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pelikla Berjaya....

B-Land Receives Investment Certificate For University Township Project In Vietnam


KUALA LUMPUR, July 1 (Bernama) -- Berjaya Land ( B-Land) Bhd's wholly-owned subsidiary, Berjaya Leisure (Cayman) Ltd (BLCayman), Tuesday received its investment certificate for the development of the Vietnam International University Township(VIUT) project in Ho Chi Minh City ( HCMC).

The certificate was issued by the licensing authority of Vietnam. The VIUT project is located on a 925-hectare land in Tan Thoi Nhi Commune,Hoc Mon District.

"It is about 19 km from the city centre of HCMC and forms part of its North-West Metropolitan Authority Area," B-Land said in a statement.

Based on the latest development plans, the VIUT Project is estimated to have a gross development value and cost of about US$7.35 billion (RM23.89 billion) and US$5.90 billion (RM19.18 billion) respectively.

The approved initial investment cost was US$3.5 billion (RM11.38 billion).

The VIUT project, to commence sometime next year, will be wholly-developed and managed by Berjaya VIUT., Ltd, a newly incorporated and wholly-owned subsidiary of BLCayman in Vietnam.

It is scheduled for completion in stages from 2011 to 2021.

The master plan of the VIUT project calls for the creation of an integrated township under the four main themes of work, knowledge, lifestyle and leisure.

"It is dedicated to a vision of sustainable growth in creating attractive living and working spaces for the community amid a vibrant setting for the university," B-land said.

The development components of the VIUT project include international universities, colleges, international and local schools, commercial space (such as offices, retail podiums, shop houses, service apartments), a civic and cultural centre, residential development (inclusive of riverfront apartments, garden housing, canal apartments and park homes), a medical centre, sport and recreation hub, garden and parks.

In a handing over ceremony for the VIUT project held in HCMC today, B-Land's Chief Executive Officer, Datuk Francis Ng said it was the fourth of the seven property developments the group has procured in Vietnam.

-- BERNAMA

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Old July 2nd, 2008, 08:37 AM   #62
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YTL Corp To Refurbish Lot 10 For RM20 Million

KUALA LUMPUR, June 27 (Bernama) -- YTL Corp Bhd will refurbish the Lot 10 shopping mall in Jalan Bukit Bintang here at a cost of RM20 million as part of a rebranding exercise.

YTL managing director Tan Sri Francis Yeoh said the refurbishment was expected to be completed by the end of this year.

"The physical renovation is designed to strengthen the shopping experience of the younger generation," he told reporters after opening the Jackie Chan's Cafe at Lot 10 Friday.

Following the refurbishment, rental at the Lot 10 would be increased by 20 percent.

YTL Corp also intends to build a Lot 10 shopping mall in Dubai and Kazakhstan to complement its flagship shopping complex, the Starhill Gallery, planned for both places.

The Starhill Gallery in Dubai is scheduled for completion in 2009 while an agreement has just been inked to build one in Almaty, Kazakhstan.


"We are confident of attracting investors for the Lot 10 project in Dubai and Kazakhstan," Yeoh said.

Both the Lot 10 and Starhill Galleries in Dubai and Kazakhstan will be managed by YTL Corp.

In the case of The Ritz-Carlton and JW Marriott hotels in Jalan Bukit Bintang, Yeoh explained that investors paid YTL Corp US$1.5 million to manage both. YTL Corp also receives four percent in revenue sharing.

Commenting on the retail business in Bukit Bintang, Yeoh said: "With new developments in this area such as the Pavilion, sales volume from shops in Starhill Gallery has increased by 40-50 percent."

Since 1999, Malaysia has been globally competitive in the retail industry, attracting visitors from West Asia, Singapore and China. They spend almost RM1 billion annually on YTL's shopping strip or Bintang Walk.

--BERNAMA
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Old July 2nd, 2008, 08:40 AM   #63
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YTL Corp launches Starhill Gallery in Dubai



Kuala Lumpur, 17 April 2007

YTL Corporation Berhad (YTL Corp) announced today the signing of an agreement to launch the celebrated Starhill Gallery concept in the Middle East. The agreement was signed by Pintar Projek Sdn Bhd (Pintar Projek), a subsidiary of YTL Corp, and ETA Star Property Developers LLC (ETA Star), a leading property developer in the United Arab Emirates (UAE). Pintar Projek is also the manager of Starhill Real Estate Investment Trust (Starhill REIT), which owns Starhill Gallery in Malaysia.

Dubai's Starhill Gallery will be part of the US$410 million (RM1.4 billion) Starhill Towers & Gallery complex being developed by ETA Star. With a total built up area of approximately 1.6 million square feet, the Starhill Towers & Gallery will comprise state-of-the-art freehold offices, a 5-star hotel and Dubai's own Starhill Gallery, all housed within a twin-tower waterfront development in Dubai's Business Bay, in the vicinity of The Burj Dubai, which will be the tallest building in the world (now under construction). Starhill Gallery Dubai will take up to 250,000 sq. ft.

Starhill Gallery Dubai will be the first development outside Malaysia to carry the unique, world-renowned Starhill brand conceptualised by YTL Corp, which has redefined the specialised luxury retail niche market and unequivocally affirmed Kuala Lumpur's place on the luxury retail map. There is much interest from global real estate investors to house a Starhill Gallery in other key capital cities around the world including London, Shanghai and Moscow, which are presently being evaluated.

A treasure trove of rich experiences, Malaysia's Starhill Gallery houses the world's leading luxury brands in four unique, themed zones: Feast Village (for iconic restaurants), the Indulge Zone (for exclusive brands such as Louis Vuitton), the Adorn Zone (for the world's most luxurious watch and jewellery brands, including Jaeger-LeCoultre and Van Cleef & Arpels) and the Pamper Zone (for exclusive beauty and wellness related boutiques and spas, housed in a 50,000 sq.ft. dedicated urban retreat).

Pintar Projek expects to see positive contributions arising from licensing fees of approximately RM5.2 million (US$1.5 million), as well as an annual brand management fee under a 4% gross profit-sharing arrangement for use of the Starhill Gallery brand for the new mall. There are no capital expenditure requirements for YTL Corp. Pintar Projek will provide brand management services to ETA Star to ensure the integrity of the Starhill Gallery brand, which includes sharing expertise on architects and consultants to be engaged at the design and construction stage and product and service lines and tenant mix for the mall thereafter, in line with Starhill Gallery in Kuala Lumpur.

Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, Managing Director of YTL Corp and Chief Executive Officer of Pintar Projek, said, "We are proud to be associated with ETA Star, who has an impeccable record of developing billion-dollar premium properties in prime locations.

"Although Dubai is known for its super mega shopping malls, we are confident that Starhill Gallery will create a mark for itself with its distinctive design, architecture and the unique shopping experience it will offer. I am glad that ETA Star has chosen Starhill Gallery as a differentiator against the other malls in Dubai."

Abid A. Junaid, Executive Director, ETA Star, said, "We are pleased to be the property developer for a project that houses the unique Starhill Gallery luxury mall owned by the Malaysian conglomerate YTL Corporation. The mall will be a gallery of luxurious experiences in fashion, food, beauty and art and consists of several dedicated zones."

Commenting on the wider implications of this venture for the YTL Corp group, Tan Sri Dato' (Dr) Francis Yeoh also said, "I am looking forward to increased opportunities in the Middle East and North Africa (MENA), especially in the areas of water, cement, power, retail and property."

Construction of the Starhill Towers & Gallery is set to commence in the third quarter of 2007 and the project is scheduled for completion in the second quarter of 2010.

ETA Star has successfully launched projects close to 10 million sq ft in various master development communities like Dubai Marina, Jumeriah Lake Towers, Dubai International Financial Centre, Business Bay and International Media Production Zone. ETA Star's portfolio includes pioneering projects such as 23 Marina, Al Manara, Liberty House, Gold Crest Executive, The Palm Jumeriah Residence and Spa and Grandeur Residences, The Summit, Pearl Residence, The Belvedere and Gold Crest Views-2. ETA Star is also carrying out similar projects in Oman, Qatar, Pakistan and India.
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Old July 2nd, 2008, 09:12 AM   #64
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YTL's Sentosa villas to start from $12m each


MALAYSIA'S YTL Corp will launch later this year 18 luxury waterfront villas at Sandy Island on Sentosa Cove and prices are expected to start from $12 million for a villa or at least $2,000 per square foot (psf) of land area, BT understands.

YTL's spokeswoman declined to comment on the planned pricing, but confirmed that the plan is to launch the project later this year.

The development will nestle within a tropical rainforest and boast upscale finishes and fixtures. It is being designed by renowned Italian architect Claudio Silvestrin, famous for designing Giorgio Armani boutiques worldwide as well as the Museum of Contemporary Art in Turin.

YTL has also appointed celebrated Australian landscape architect Jamie Durie for Sandy Island. Each two-storey waterfront villa will have a basement and a terrace floor, and feature a double-volume living room facing a private berth.

'Each home will have a private car lift, a passenger lift, kitchen and wardrobes personally selected by Mr Silvestrin,' YTL's spokeswoman said.

The villas will be built on 99-year leasehold land plots ranging from about 6,000 sq ft to 10,000 sq ft each and will have four or five bedrooms with en-suite bathrooms, a pool and timber patio set within a waterfront garden designed by Mr Durie.

Sandy Island will feature more than 30 trees transplanted from the Resorts World integrated resort site. Sandy Island is located in Sentosa Cove's Southern Precinct. YTL also has another villa development in the waterfront housing district's Northern Precinct on the Lakefront Collection site abutting Serapong Lake.

This project is expected to comprise more than 10 villas which will boast views of Serapong Golf Course. The project is still in the design development stage and could be released next year.

On the mainland, YTL is looking at different proposals by world-renowned architects to develop an 'iconic lifestyle quality development' on the Westwood Apartments site at Orchard Boulevard.

YTL inked a deal in November last year to buy the 62,179-sq-ft freehold property for $435 million, which worked out to $2,525 psf of potential gross floor area inclusive of an estimated $4.6 million development charge at the time.

Westwood Apartments' collective sale was approved by the Strata Titles Board earlier this week.

The deal was brokered by Savills Singapore. Law group Rodyk & Davidson acted for the majority owners.
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Old July 2nd, 2008, 10:03 AM   #65
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Defence Raya, Lahore Pakistan by BRDB

BRDB is proud to introduce its first overseas venture – an integrated township in Lahore, Pakistan this year. Developed in partnership with the Lahore Defence Housing Authority (DHA) and covering over 400 acres, the project’s first phase will be launched in November this year.

Upon completion in 2012, the integrated development will comprise an 18-hole golf course, a shopping centre, shophouses, luxury bungalows, semi-detached houses, condominiums and shop offices. In addition, golf-club membership would also be available for sale. This is a truly exclusive community- a gathering place for Pakistan’s elite and their peers, set in a lush and beautifully landscaped designed golf course.

The development is backed by 2 reputable brand names – DHA Lahore, the most reputable housing developer in Pakistan and BRDB, one of Malaysia’s most established property developers. This strong partnership will ensure the delivery of a world-class urban community, set in a safe, secured and serene environment. It will also consistently build value for its purchasers and investors.


The first phase of sales has commenced in November 2006. For more information, kindly refer to our website at www.defenceraya.com or email us at [email protected]




http://www.defenceraya.com






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Old July 2nd, 2008, 11:26 AM   #66
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BLand to see 50% earnings contribution from property division by 2012
by Yantoultra Ngui Yichen
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HO CHI MINH CITY: Berjaya Land Bhd (BLand) expects its property division to contribute up to 50% of its earnings in four years from the current 20%, underpinned by the development of the Vietnam International University Township Project (VIUT), said its chief executive Datuk Francis Ng Sooi Lin.

The property and gaming firm yesterday obtained the investment certificate from Vietnam’s licensing authority for the development of the largest overseas project here, which was estimated to have a gross development value (GDV) of some US$7.5 billion (RM24.7 billion), he said.

“The initial investment cost for the whole project is estimated at US$3.5 billion but due to the escalating construction cost, we are now looking at some US$5.9 billion for the gross development cost (GDC),” Ng told reporters after the investment certificate award ceremony here yesterday.

He said BLand, a company controlled by Tan Sri Vincent Tan, planned to finance the whole project via internal funds, especially via the proceeds from the disposal of some of its properties in Malaysia. As at April 30, 2008, its net cash stood at RM687.46 million.

He said the property firm expected to obtain the planning approval for the 925-hectare VIUT project, to be developed and managed by its wholly-owned Berjaya Leisure (Cayman) Ltd, in the next four to six weeks and subsequently commence construction of the project in the next three months.

The VIUT project, which is located in Tan Thoi Nhi Commune, Hoc Mon district here, will include the development of international universities, colleges, international and local schools, commercial, civic and cultural centre, residential development, medical centre, sports and recreation hub, garden and parks.

The project, scheduled for completion in seven phases for a duration of eight to 10 years, was expected to house a total population of some 75,000, according to Ng. The VIUT project, which is one of the seven property development projects BLand has procured in Vietnam, is the company’s fourth property project in that country to be awarded the development licence.

“Currently, we have received investment certificates for the Vietnam Financial Centre project in HCMC, estimated to be worth US$1.9 billion, Bien Hoa City Square in Dong Nai Province worth US$230 million and Thach Ban New City in Hanoi worth US$550 million,” Ng said in a statement.

He said its maiden project in Thach Ban comprising 148 units of condominiums would be launched in the third quarter of the year.

For its fiscal year ended April 30, 2008 (FY08), BLand’s net income jumped to RM1.11 billion from RM41.7 million a year earlier due to earnings consolidated from its subsidiary Berjaya Sports Toto Bhd and investment gain from the placement of Irredeemable Convertible Unsecured Loan Stock (ICULS).

Its property development division posted a higher operating profit of RM96.7 million in FY08 from RM16.6 million in FY07, mainly due to higher progress billings for its projects such as Savanna condominiums, the link shop offices in Bukit Jalil and sales of bungalows at Seputeh Heights.

Shares of BLand closed unchanged at RM4.26 yesterday, which gave it a total market value of RM4.9 billion.

The counter reached its 52-week high of RM6.65 on Jan 1, 2008 while its low was RM1.30 on Aug 17, 2007.
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Old July 3rd, 2008, 07:19 AM   #67
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Vietnam project set to boost BLand property division
Wednesday July 2, 2008
By YVONNE TAN
ThStar


HO CHI MINH CITY: Berjaya Land Bhd (BLand) expects its property segment to contribute up to 50% of total earnings in about four years.

This will be backed by its largest overseas project, the US$7.5bil Vietnam International University Township (VIUT).

Chief executive officer Datuk Francis Ng said the company’s largest contributor currently was its gaming sector while the property segment contributed less than 20% to total earnings.

BLand’s wholly-owned subsidiary Berjaya Leisure (Cayman) Ltd yesterday received the investment certificate from the licensing authority in Vietnam for VIUT, which is expected to be completed in eight to 10 years.

The project will be fully developed and managed by Berjaya VIUT Ltd, a newly-incorporated wholly-owned subsidiary of Berjaya Leisure (Cayman).

“With this project, we see enhanced earnings from property (operations),” Ng told reporters at the investment certificate award ceremony yesterday.

The project’s gross development cost was about US$5.9bil while its gross development value (GDV) stood at around US$7.5bil, he said.

“Four to five months ago, the expected cost was US$3.5bil but with escalating prices of materials and oil, we had to revise the figures”, he said, adding that further revision (of costs and GDV) was expected.

The entire project would be financed via internal funds, Ng said. “Initial capital cost will be minimal.”

As at April 30, BLand’s cash and cash equivalents stood at about RM687.5mil.

Ng said the company expected to receive approvals from the relevant authorities to start construction of VIUT in four to six weeks.

“Phase 1 should start in about three months,” he said, adding that there were seven phases in total.

Located in Hoc Man district, about 20km from downtown Ho Chi Minh City, the project sits on 925ha. Upon completion, the project will comprise, among other things, residential and commercial units, international universities, schools, gardens as well as sports and recreational centres.

The company expects the entire development to cater to more than 70,000 residents and 12,000 students.




An artist's impression of the Vietnam International University Township
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Old July 3rd, 2008, 10:30 AM   #68
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SP Setia proceeds with Vietnam township project
by Julie Chong
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KUALA LUMPUR: SP Setia Bhd is forging ahead with its township project in Vietnam despite the country’s economic woes, said its group managing director and chief executive officer Tan Sri Liew Kee Sin.

Not only that, the property developer is actively seeking more opportunities in that country and is scouting around for more land in Ho Chi Minh City (HCMC).

Liew said the company expected to launch its township in the My Phuoc Industrial Park, HCMC some time in October. SP Setia is in the midst of undertaking the earthworks, show houses and show villages at the proposed township site.

The project will have a development cost of RM2.2 billion and is expected to be completed in 2015.

Despite the country’s high inflation rates and the depreciating currency, Liew was confident of the Vietnamese market and said that business would “continue as usual”.

“We’re planning to buy more land in Vietnam within the Ho Chi Minh province as we believe in the long term; it will do us very well due to the population,” Liew said, adding that the Vietnamese market was a cash economy unlike Malaysians who depended a lot more on credit cards.

He said SP Setia was confident of achieving its sales target of RM1.5 billion this year in Malaysia, up from RM1.2 billion last year.


SP Setia Bhd Group MD & CEO Tan Sri Liew Kee Sin pointing to the site of its proposed retail mall in its flagship township in Setia Alam, Shah Alam, watched by Lend Lease Investment Management Asia CEO and ARIF director Ooi Eng Peng (centre) and Selangor Exco member for investment, trade & industry Teresa Kok. SP Setia is also proceeding with its township project in Vietnam.


He was speaking to reporters here yesterday after SP Setia signed a 50:50 joint venture agreement with Australia’s Lend Lease Asian Retail Investment Fund 2 Ltd (ARIF) to develop a first-of-its-kind retail mall in its flagship township in Setia Alam, Shah Alam.

ARIF is a wholesale real estate development fund advised by Lend Lease Investment Management Pte Ltd, which is part of Lend Lease Corporation Ltd, a listed property development group based in Sydney with operations in the Americas, Europe and the Asia-Pacific.

Liew said SP Setia planned to offer more commercial products, which may contribute 20% of total sales by 2012, versus 2%-3% now, with the newly formed JV being part of its overall plan.

The SP Setia-ARIF JV company, Greenhill Resources Sdn Bhd, will acquire from SP Setia subsidiary Bandar Setia Alam Sdn Bhd a 30.5 acre freehold land as the site of the retail mall in the larger 158-acre Precinct 1 in Setia Alam for RM119.57 million.

With a gross floor area of about 1.23 million sq ft, the retail mall will have an estimated total development cost including land and financing of some RM750 million. It is expected to be completed in 2011.
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Old July 3rd, 2008, 10:31 AM   #69
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Sunway goes to China
By ANGIE NG


SUNWAY Group, through its two listed vehicles Sunway Holdings Bhd and Sunway City Bhd (SunCity), is making its maiden foray into China's property market next year with the upcoming launch of a residential cum commercial project in Jiangyin in Jiangsu province.

The 17-acre Sunway Guanghou Jiangyin project about 140 km from Shanghai has an estimated gross development value of one billion renminbi (RM473mil). It will comprise 1,110 units of medium to high-end condominiums and some specialty shops.

The residences with built-up of 1,368 sq ft will have average selling prices of RM254 per sq ft.

Sunway Holdings and SunCity, which are controlled by Sunway Group founder and chairman Tan Sri Jeffrey Cheah, recently inked a shareholder agreement to form a joint venture company called Sunway Real Estate (China) Ltd.

SunCity has a 60% stake in Sunway Real Estate, while Sunway Holdings via wholly owned subsidiary SunwayMas Sdn Bhd owns the remaining 40%.


Datuk Chew Chee Kin (right) and Koong Wai Seng

The Sunway companies will be partnering China-based Shanghai Guanghao Real Estate Development Group Co Ltd (Shanghai Guanghao).

Under the partnership, Sunway Real Estate is taking a 65% equity interest in a new company, Jiangyin Guanghao Real Estate Development Co Ltd to undertake the project.

The partners have also signed an option to develop another 17 acres adjacent to the project site.

According to Sunway Group president Datuk Chew Chee Kin, the venture with Shanghai Guanghao will allow the group to gain immediate access into China’s property market.

“Our intention is to build up the Sunway brand of ultra modern resort-style living concepts and international quality standards in various parts of China. We want to create a good impact in China through Sunway's hallmark of superior products, designs and quality.

“Together with Shanghai Guanghao, we are looking to develop more exclusive projects in other two-tier Chinese cities,” Chew told StarBiz.

The project is in line with SunCity’s plans to expand to other regional property markets.

Located within the central business district of the Jiangyin New Harbour City, a new Jiangyin Government administration centre, Sunway Guanghou Jiangyin will have access to all the urban amenities once the business district is fully completed in the coming years.

Despite being a second-tier city, Jiangyin has an annual GDP per capita of 91,538 renminbi compared with 65,473 renminbi in Shanghai.

Chew said the development of the 493.7-acre Jiangyin New Harbour City would create demand for more residential and commercial properties.

Meanwhile, Sunway Holdings finance director Koong Wai Seng said the strategic alliance between Sunway Holdings and SunCity in China was expected to provide vast synergistic opportunities for the group to make further inroads in that country.

“Leveraging on our earlier presence in China, we can help to secure competitive prices in our project development expenditure and reduce the execution risk of the project,” Koong said.

On Sunway Group's globalisation plans, Chew said the group would continue to build up a stronger international presence and widen its earnings base.

“We have set a target to grow Sunway's international business into one of the group’s main revenue contributors.

“In the next four years, more than 50% of Sunway Holdings' revenue will be from overseas, while SunCity will be about 30% compared with less than 5% now,” Chew said.

The group's overseas initiative, which started in 1975 with the opening of a trading office in Singapore, has expanded to over 10 countries in the past two decades.

Sunway has ventures in India, Trinidad, UAE, Vietnam, Indonesia, Thailand and Cambodia and China. It is currently exploring Australia's market for trading of industrial and building materials.

Going forward, the group will focus on Asia’s two fastest growing economies, China and India, especially in the robust property and construction sectors.

Sunway's maiden property project in India, Sunway Opus Grand Residency in Hyderabad, undertaken jointly with Indian partner Opus Developers & Builders Private Limited, will be launch by year-end.

Like China, India’s huge population and growing middle-class have created a big demand for houses.

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Old July 3rd, 2008, 10:31 AM   #70
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BCorp bags RM111m landfill job in China
by Racheal Lee Mei Nyee
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PETALING JAYA: Berjaya Corporation Bhd (BCorp) yesterday inked an agreement to build, operate and transfer a RM111.23 million sanitary landfill project in Foshan City, China.

The project, known as the Sanshui Bainikeng Sanitary Landfill, is expected to generate RM426.04 million in revenue during the 28-year concession period, the company said in a statement yesterday.

BCorp will be entitled to collect tipping fees from the Construction Bureau of Shanshui District (CBSD), which will guarantee a specified minimum waste volume to be delivered to the landfill throughout the concession period. The minimum tipping fee is 123.50 renminbi (about RM58.80) per tonne and BCorp has the right to revise the fee annually in accordance with variation in electricity tariff and consumer price index, the announcement read.

The construction of the landfill, which will have an overall municipal solid waste capacity of about 9.52 million tonnes, will be divided into five phases. The first phase is expected to commence "in the last quarter of 2008" and is scheduled for completion by mid-2009.

BCorp will transfer the rights to the agreements to a wholly-owned subsidiary to be incorporated in China in line with Chinese regulations. It will transfer the landfill, measuring about 26 hectares, back to the CBSD at no cost at the end of the concession period. The project comprises the construction of the supporting facilities such as leachate treatment plant, landfill gas management system, operation and administration offices, living quarters for the workers and other infrastructure works.

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Old July 3rd, 2008, 10:36 AM   #71
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Old July 9th, 2008, 06:41 AM   #72
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Quote:
Originally Posted by patchay View Post
After Starhill's venture, YTL's famed Pangkor Laut Resorts makes debut at The World Islands, Dubai.
For more info visit www.pangkor-laut.com. It is called Pangkor Laut Dubai.
Quote:
Originally Posted by rizalhakim View Post
so which country did they bought huh?

Pangkor Laut luxury resort in Dubai

DUBAI: A group of companies is developing another Pangkor Laut Luxury Resort, Residence & Spa Village on the prestigious "The World" development, taking shape four kilometres off the Jumeirah coastline of Dubai.

Potential investors and the media had a glimpse of what is on offer as the luxury resort being developed by City-D Development, together with its partners, was unveiled recently.

The project is modelled after the award-winning Pangkor Laut Resort in Malaysia which is managed by YTL Hotels & Properties.





Designed by architect and engineering firm, Agostine and Raphael Group, the resorts development, fit-out and designers included Bang & Olufsen, Bagnaresi and ABB. The Pangkor Laut Resort in Malaysia, managed by YTL Hotels and Properties, will also incorporate their own ideas to the resort.

According to a statement, the Pangkor Laut Luxury Resort, Residence & Spa Village is being built on a 1.6 million sq ft island plot in the heart of The World.

The resort component offers 120 deluxe guest rooms, 20 fully-equipped luxury beachfront villas, shopping gallery, restaurants, aquapark and what is said to be a first for Dubai - an underwater nightclub.

The residential component under the Pangkor Laut Luxury Residence & Spa Village will offer 92 apartments, 20 attached beach villas with private pools and 28 independent luxury villas with private marinas.

Residents will be able to enjoy various facilities such as the community club, spa village and gourmet food boutique.

"Pangkor Laut will offer investors and guests a unique opportunity to experience island lifestyle on one of the most iconic projects on the planet," said Sofia Zigangirova, chief executive officer of Stars Dome Realty, the real estate agent for the project.



Pangkor Laut
Location: The World


An ideally holiday for family, fun and leisure time, the 153,818 square meter complex, Pangkor Laut is a community that includes everlasting moments of relaxation, in an environment constantly celebrating hospitality, vacationing and easy living.

Sight of luxurious hotel, surrounded by lavish villas, both harmoniously composed towards the Arabian Gulf as well as to the marina, the Hotel and its attached villas are customized in modern fashion to meet a large array of taste.

Facing the hotel, another attraction stands proudly. The services apartments, the penthouses and the surrounding charming services villas also offer some of the best views of the marina and to the sea.

Their community center for gathering is also at close proximity and caters for their daily needs. Sailing through the marina, an elegant structure stands as stands as gateway into the heart of the complex, bridging the hotel to the service apartments. Finally, connected together through pedestrian and walkways, the five islands are also home of luxurious bay-view residential villas designed to cater for a prestigious lifestyle beyond imagination.

Quite the opposite of the majority of spas today that focus on individual therapies, this one is designed to celebrate communal healing & treatment.

Here without doubt, water is the key element; it sculpts its way through the complex in a straight line towards the reception area and creates another ring of water in the core of the structure that provides the space of communal healing and medical ceremony.



Pangkor Laut Luxury Hotel
Indulge yourself in a sanctuary of supreme lifestyle in the middle of the sea. An exclusive hotel awaits you, to tame your senses and relax your nerves.

Stretching out onto the crystal blue sea and the clear sky, it also provides you with an extended view of both the sea and the marina, wherever you are.

Pangkor Laut development will contain 8 restaurants and bars.

Four of them in the hotel and residence premises and 3 in the entertainment complex which can accommodate more than 3,000 guests in 24/7 operation.

The unique under water night club will be one of the landmarks in the World Islands.
__________________
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THE KUALA LUMPUR DEVELOPMENTS COMPILATION (LATEST: JAN'2015) >>> PAGE 1 >>> PAGE 2 (Suburb)

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Old July 16th, 2008, 06:12 AM   #73
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Moroccan Social Housing Project Attracts M'sian Companies


By Nor Faridah Abdul Rashid

KUALA LUMPUR, July 15 (Bernama) -- The Moroccan government's social programme to build 100,000 houses a year has attracted two Malaysian developers to the country with over 30 million people.

Moroccan Ambassador to Malaysia Ahmed Amaziane said the project was open to all national and international contractors but they must get the Moroccan governments approval.

"The project is ongoing and once completed the government will sell the units to the low-income group.

"We have yet to reach the 100,000 units targeted but we are getting close to it," he told Bernama at the Moroccan Embassy.

Amaziane said two Malaysian companies started work there about three years ago.

Malaysian national oil company, Petronas, had also made its presence felt in the Kingdom, while talks are in progress for another Malaysian company to produce animal feed using phosphate as an ingredient for exports to Europe, said the ambassador who has been in Malaysia for three years.

Morocco is the worlds third largest exporter of phosphate after the United States and China. Phosphate mining accounts for half of the countrys revenue.

As for trade with Malaysia, Amaziane said Morocco mostly exported fruits and vegetables and imported electronic products and palm oil.

He said Moroccan students had also chosen Malaysia to further their studies, especially in the engineering field, as it was cheaper, besides the congenial environment.

"They find Malaysia affordable compared to the United States and the United Kingdom," he said, pointing out that there were also Moroccan government-sponsored students and vice-versa.

"There are 50 Malaysian government-sponsored students in Moroccan universities taking up Islamic law and Arabic," he said.

Meanwhile, one of the developers involved in the Moroccan government housing project is Al-Hidayah Development SARL, which was incorporated in Morocco.

The company, a member of Malaysias Al-Hidayah Group of Companies, signed an agreement with Al-Omrane Development Holdings on March 17, 2006 to build 5,000 public housing units with a total gross development value of RM2.08 billion.

Al Omrane is an agency of the Moroccan government responsible for the urban housing development programme throughout Morocco.

The diversified Al-Hidayah Group, which was established in 1985 with the incorporation of its flagship company Kausar Corporation Sdn Bhd, is now venturing into the global market by crafting its name in the Asean region, the Middle East and Latin America.

Al-Hidayah Investment Bank (Labuan) Ltd Chief Executive Officer Ismail Mustaffa told Bernama the Moroccan project is being carried out in six phases over a five-year period.

The first phase has already been sold out while 75 per cent of the second phase has been snapped up, with the houses ranging from social, economy and high cost.

-- BERNAMA
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Old July 17th, 2008, 07:03 AM   #74
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Scomi joins Larsen in bid for Mumbai monorail deal
Published: 2008/07/17
BusinessTimes

MALAYSIAN firm Scomi Engineering and engineering firm Larsen Toubro have made a joint bid to construct the first monorail lines in Mumbai, India, estimated to cost up to RM2 billion.

The already technically-qualified bid joins another made by a joint venture comprising the Anil Ambani-headed Reliance Infrastructure and Japanese firm Hitachi.

Commercial bids for the 20km elevated monorail system from central Mumbai's Jacob Circle to the city's north east is expected to be opened by end of this month. The project is scheduled for completion in 2011.

The network will have the rail vehicle operating on a single beam instead of dual tracks as in conventional rail systems.

A report from India says the bids were submitted to the Mumbai Metro Metropolitan Region Development Authority (MMRDA), which will scrutinised jointly with project consultant RITES.

The monorail system, which will consist of four compartments, each with a capacity of about 150 persons, could carry up to 15,000 persons per hour in one direction.
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Old July 24th, 2008, 03:56 AM   #75
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BLand gets offers for Seychelles hotels
By Vasantha Ganesan Published: 2008/07/24




Berjaya Land, which has been operating in Seychelles for over a decade, is still contemplating whether to sell or redevelop the place, says its resort and hotel division head


BERJAYA Land Bhd (BLand) has received offers to buy both its hotels in Seychelles for US$62 million (RM201 million), its resort and hotel division head Foo Toon Kee said.

They are the four-star 232-room Beau Vallon Bay Beach Resort & Casino on Mahe Island and the three-star 80-room Seychelles Berjaya Praslin Beach Resort Seychelles.

"We have been operating there for over 10 years. We might consider the sale. We are still contemplating whether to sell or redevelop the place," Foo, the acting head of Berjaya Hotels and Resorts, told Business Times in an interview.

Should Berjaya decide to sell the property, it would be in line with its future plans to focus on five-star hotels and resorts.



Berjaya has had a presence on the popular island resort for over a decade.

When asked what would be a comfortable sale number for the hotels, Foo said: "They could fetch US$70 million (RM227 million) ... but I am not saying that we will definitely sell.

Yet another property it may consider selling if the price is to its satisfaction is the three-star Berjaya Georgetown Hotel in Penang. The 323-room hotel has a book value of about RM80 million.

The hotel produces a lower profit margin than its five-star hotels. It has an earnings before interest, taxes, depreciation and amortisation margin of about 20 per cent versus 45 per cent for the five-star properties.

In the event that the hotel is not sold, Foo said, the group may consider rebranding it to better distinguish the various star categories of the hotels under Berjaya.
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Old July 24th, 2008, 04:05 AM   #76
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Originally Posted by rizalhakim View Post
Defence Raya, Lahore Pakistan by BRDB

BRDB is proud to introduce its first overseas venture – an integrated township in Lahore, Pakistan this year. Developed in partnership with the Lahore Defence Housing Authority (DHA) and covering over 400 acres, the project’s first phase will be launched in November this year.

Upon completion in 2012, the integrated development will comprise an 18-hole golf course, a shopping centre, shophouses, luxury bungalows, semi-detached houses, condominiums and shop offices. In addition, golf-club membership would also be available for sale. This is a truly exclusive community- a gathering place for Pakistan’s elite and their peers, set in a lush and beautifully landscaped designed golf course.

The development is backed by 2 reputable brand names – DHA Lahore, the most reputable housing developer in Pakistan and BRDB, one of Malaysia’s most established property developers. This strong partnership will ensure the delivery of a world-class urban community, set in a safe, secured and serene environment. It will also consistently build value for its purchasers and investors.


The first phase of sales has commenced in November 2006. For more information, kindly refer to our website at www.defenceraya.com or email us at [email protected]




http://www.defenceraya.com






Bina Puri wins Pakistan job
Published: 2008/07/24



BINA Puri Holdings Bhd has been awarded subcontract works for a clubhouse in Lahore, Pakistan.

The contract is valued at about RM4.5 million and was awarded by BRD Construction Sdn Bhd to Bina Puri's wholly-owned subsidiary Maskimi Sdn Bhd. The foundation works is for the proposed Defence Raya Golf and Country Club in Lahore.

The subcontract works will be completed within five months, Bina Puri told Bursa Malaysia in a filing yesterday.
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Old July 28th, 2008, 11:01 AM   #77
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IJM launches welded wire mesh plant in Hyderabad
Published: 2008/07/28

It is reported that the facility will operate with one production line initially, with an annual production capacity of 12,000 tonnes of welded wire mesh

NEW DELHI: IJM Corporation commissioned a RM16 million (Rs21 crore) welded wire mesh manufacturing facility in Hyderabad yesterday.

The project undertaken through IJM’s subsidiary IJM Steel Products Private Ltd is located in Isnapur near Hyderabad, capital of Andhra Pradesh.

The Hindu Business Line reported that the facility would operate with one production line initially, with a production capacity of supplying 12,000 tonnes of welded wire mesh per annum.

“Welded wire mesh for concrete reinforcement is new to the Indian construction industry. The manufactured product comes to the site ready for immediate onsite installation, contributing to higher productivity and better quality control,” said Datuk Krishnan Tan, chief executive officer and managing director of IJM Corporation.

“We are confident that the mesh is set to revolutionise the infrastructure and the real estate industry in India, which builds close to 1.5 million housing units a year,” he told reporters in Hyderabad after launching the facility.

Tan said the company planned to double its production capacity within the next three years at the Isnapur plant and has plans to set up a similar facility in Mumbai.

“We have signed up IJM (India) Infrastructure Ltd as our first customer. We wanted to first use our welded wire mesh product at our ongoing housing projects — a 120-acre project in Vijayawada and a 42-acre residential project in Nagpur — to create confidence among the Indian customers,” he said.

“We expect the Hyderabad facility to garner revenues of Rs35 crore (RM27 million) this year,” Tan was quoted as saying. — Bernama
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Old July 28th, 2008, 11:24 AM   #78
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Proposal To Ease Requirements For Malaysian Doctors Working Overseas Unfair - MMA
July 28, 2008 17:12 PM

KUALA LUMPUR, July 28 (Bernama) -- The Health Ministry's proposal to ease a requirement compelling each doctor to serve at a government hospital for three years to lure Malaysian doctors working overseas to come home and work is unfair to local graduates, the Malaysian Medical Association (MMA) said Monday.

MMA president Datuk Dr Khoo Kah Lin said the proposal was unjust because it would require local graduates to work with the government for five years upon graduation, as compared to the current three years.

"The MMA wishes to express this proposal is not fair to local graduates whereby previously, everyone needed to complete three years compulsory service with the government.

"Now, with the implementation of two years of housemanship, doctors must work for five years with the government," he said in a statement.

Recently, the ministry said it was studying a proposal to ease the requirement compelling each doctor to serve at a government hospital for three years, in an effort to bring Malaysian doctors working overseas back home to work here.

The ministry, it was reported, was ready to consider discarding the mandatory requirement for doctors aged 45 and above to work at government hospitals because these doctors had acquired experience and skills from working abroad.

"At the moment, there are already various incentives given to them (Malaysian doctors working overseas) including tax exemptions. Even with the perks accorded them, only 100 doctors have returned home, so far.

"The MMA agrees that the country needs more doctors serving in government facilities. Currently, there are between 300 and 400 doctors resigning from government service every year to practise privately.

"High rates of resignation are due to dissatisfaction with government service, which include heavy workload, poor working conditions and low remuneration," said Dr Khoo.

The MMA proposed that the ministry focus on improving the remuneration, incentives, career development and working conditions for government doctors to discourage them from resigning.

"Some suggestions need to be looked into seriously like creating more promotional posts and hasten promotions, revision of on-call allowance and specialist allowance and hardship allowance for doctors in rural areas, Sabah and Sarawak," he added.

-- BERNAMA
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Old July 28th, 2008, 06:45 PM   #79
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Gamuda begins work on US$233mil sewerage plant in Hanoi
NST Online » NewsBreak 2008/07/28
Minggu Simon Lhasa, Bernama

HANOI, MON:

Construction-based Gamuda Bhd officially began construction on a US$233 million modern sewerage plant on Monday here which has the capacity to treat half of Hanoi’s household sewerage.
The plant in the Yen So Park project located six kilometres south of Hanoi would serve up to 1.5 million people, Gamuda said in a statement here.

The construction started after the completion of the de-sludging and clean-up of five heavily polluted lakes in Yen So Park, said Gamuda Land’s chief operating officer and chief representative officer in Vietnam, Steven Chu.

Gamuda Land is a subsidiary of the Gamuda group.

Gamuda held a briefing on the project for Minister of International Trade and Industry Tan Sri Muhyiddin Mohd Yassin who is currently on a trade and investment mission to Hanoi and Ho Chi Minh City from July 27-30.
The project is aimed at transforming the existing Yen So Park into a clean, international standard park consisting of a recreational educational, cultural and commerial area with an integrated modern commercial center that includes international hotels, shopping complexes, office buildings, retail and convention areas.

All the components of the project are located in the 327-hectare park, surounding five lakes.

Gamuda and the Hanoi People’s Committee signed a principal agreement to upgrade the city’s infrastructure in August last year.

Under the agreement, Gamuda is to invest US$400 million to transform Yen So Park into a distinctive landmark that would be the heart of the city’s millineum celebration in 2010.

The Gamuda group’s principal activities include constructing highways, water treatment plants, dams and residential and commercial properties as well as developing residential and commercial properties, managing water supply, managing and tolling highway operations.

Besides Malaysia, it has undertaken projects in India, Taiwan, China, Mauritius, Qatar and Bahrain.
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Old July 30th, 2008, 03:46 AM   #80
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Inai Kiara to team up with Vietnam Waterway
Published: 2008/07/30




HO CHI MINH CITY: Malaysian dredging and reclamation company Inai Kiara Sdn Bhd is expected to become one of the biggest investors in Vietnam when it teams up with Vietnam Waterway Construction Corp (Vinawaco) to undertake projects worth about US$200 million.

Among the projects are the building of Cai Mep International Container Terminal, dredging and reclamation jobs for the Vinh Tan generator project and the building of Van Phong Economic Zone in Khanh Hoa district.

“We are still in an early stage of discussions and are studying various projects which have potential for implementation together,” said its senior manager (international business development), Edy Hasmy, yesterday today. Inai Kiara signed a memorandum of understanding with Vinawaco Monday night to implement marine infrastructure projects in Vietnam.

Minister of International Trade and Industry Tan Sri Muhyiddin Mohd Yassin witnessed the signing ceremony.



Inai Kiara is represented by its managing director, Capt Hisham Hashim, and Vinawaco by its general manager, Luu Dinh Tien. - Bernama
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