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Old April 23rd, 2006, 10:05 PM   #21
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I city

I city pictures

http://www.i-digital.com.my/progress.asp
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Old April 24th, 2006, 01:35 AM   #22
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Times square...........
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Old April 24th, 2006, 12:27 PM   #23
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Quote:
Originally Posted by Sheik
The link is broken
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Old April 24th, 2006, 06:18 PM   #24
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The link was fine yesterday. You can always go to their main i digital site. They are probably updating or doing some changes.
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Old May 24th, 2006, 03:13 AM   #25
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New Pictures

http://www.i-digital.com.my/images/artist_imp1-big.jpg

http://www.i-digital.com.my/images/artist_imp2-big.jpg

http://www.i-digital.com.my/images/artist_imp3-big.jpg

http://www.i-digital.com.my/images/icitywalk-big.jpg
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Old May 24th, 2006, 10:12 AM   #26
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Old May 24th, 2006, 10:13 AM   #27
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Old May 24th, 2006, 10:15 AM   #28
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Old May 24th, 2006, 10:17 AM   #29
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Old July 15th, 2006, 08:46 AM   #30
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Malaysia`s Ministry of Tourism
I-City declared a Tourist Destination in Malaysia
Monday, January 09, 2006
TravelDailyNews



The information communications technology based I-City township, to be developed by I-Berhad in Shah Alam, Selangor has been declared a tourist destination in Malaysia through the joint efforts taken by the company and the Ministry of Tourism.

Director of I-Bhd, Mat Hassan Esa, said that as part of the joint efforts, the company would be participating in overseas missions to be organised by the Ministry to promote Malaysia outside the country.

"Our target is to attract the high-end market from the west and through this cooperation, we hope that I-City would become an attraction for foreign tourists to come to the country," he told reporters during a ceremony held here, Friday for the declaration of tourist status for the ICT township.

At the function, the Deputy Minister of Tourism, Datuk Ahmad Zahid Hamidi also presented the certificate of acknowledgment to Mat Hassan.

The RM1.5 billion I-City, expected to be developed under three phases, is expected to attract 12 million visitors annually.

The entire development of I-City meanwhile, which covers 29 hectares of land, is expected to take 10 years and have the capacity to attract 30 million tourists annually.

Featuring among others, three blocks of condominiums, office blocks and a shopping centre, the township would be built under supervision by famous American architect, Jon Jerde.

Meanwhile, Ahmad Zahid said the I-City was expected to help bring in more western tourists into the country. Currently tourists from Asian countries make up 65 percent of foreign tourists coming into the country.
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Old July 15th, 2006, 08:49 AM   #31
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Doing it the 'I' way
By Evi Abdul Jabar
New Straits Times
Date: June 24, 2006
Section: Property Times, Focus
Page: 8 & 9





At first glance, the mall's pedestrian promenade, filling up with groups of giggling teenage girls, meticulously dressed businessmen and energetic children with their exhausted parents in tow, looks like most energetic commercial precincts. But the vibrancy in the air and a multimedia experience that can be seen - and felt - on the mall's walls, streets and roofs are dead giveaways that this is a place unlike any other.

Under its skin lie a raft of technology and infrastructure, cloaked in a cooling green and landscaped setting that form the basis of this uniquely original development designed to host tomorrow's increasingly discerning lifestyle conscious denizen.

Being undertaken in Selangor's capital of Shah Alam the, venture by main board listed digital product specialist I-Bhd will feature a retail-suite and shop-office precinct, retail centre, office towers, a technology centre, intelligent school, convention centre, hotels and serviced apartments on 72 acres of freehold land fronting the Federal Highway's Sungai Rasau toll plaza when fully completed in a decade's time.

"It will be a unique; one-of-a-kind.," said property consultancy Regroup Associates Sdn Bhd managing director Allan Soo of the development known as I-City.

"It isn't being conceived based. on conventional norms nor on a trend that may fade. It is the solution to an economic environment and the essential response to the latest needs in a commercial township.

"I-City is poised to be a super regional hub with an ICT backbone ... and in the process, it will be the first in its location"
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Old July 17th, 2006, 02:39 PM   #32
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Projek I-City tawar evolusi baru konsep membeli-belah


KEJUT dan gegar. Begitulah kesan yang dijangka dibawa I-City, projek pembangunan hartanah bernilai RM1.5 bilion oleh I-Bhd, kepada Shah Alam.

Seperti Sunway Lagoon, MidValley Megamall, One Utama yang mengubah corak hidup di kawasan masing-masing, I-City akan menukar wajah ibu kota Selangor itu menjadi pusat tumpuan warga Lembah Klang, malah pelancong asing.

“Ia akan muncul sebagai tumpuan unik, sesuatu yang belum ada tolak bandingnya di Malaysia,” kata juruperunding hartanah Redgroup Associates.

“Ia tidak diilhamkan berdasarkan pemikiran lazim dan tidak juga didasarkan kepada trend yang cepat luput,” kata Pengarah Urusannya, Allan Soo mengenai I-City yang akan mula pembinaannya tidak lama lagi dengan fasa pertama dijangka siap menjelang 2008.

I-City yang terletak di tapak pegangan bebas seluas 30 hektar di Seksyen 7, Shah Alam, di reka bentuk arkitek terkenal Jon A Jerde, yang antara lain mereka bentuk Mall of America, Universal CityWalk, Fremont Street Experience di Amerika Syarikat, Roppongi Hill di Jepun dan The Arcade @ Cyberport di Hong Kong.

Pembangunan yang akan mengambil masa lapan hingga 10 tahun itu akan menampilkan CityWalk pada fasa pertamanya iaitu pusat peruncitan yang mempunyai laluan pejalan kaki sepanjang 305 meter dilengkapi dengan teknologi pencahayaan dan bunyi bernilai RM40 juta.

“Ia menawarkan penyelesaian kepada ekonomi Shah Alam dan tindak balas yang diperlukan kepada tuntutan semasa yang semakin mencabar ke atas bandar komersial.

“Tentu ada yang masih ingat betapa sunyinya Sunway sebelum wujudnya Sunway Pyramid atau Bandar Utama sebelum adanya One Utama.

“Sama juga kesan yang akan dibawa I-City. Ia membawa transformasi kepada Shah Alam untuk menjadi satu destinasi penuh kegiatan, cergas dan menarik,” katanya.
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Old July 17th, 2006, 02:48 PM   #33
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i-City hot spot in Shah Alam

Property Talk
By S.C. CHEAH

WHERE is the latest “hot” commercial area in Shah Alam? Well, if you are a local or a recent visitor there, the answer will probably be Section 7, where the RM1.5bil i-City development is located.

This is evident from the good take up rates of two new shop office projects in the immediate vicinity of i-City. One is a PKNS shop apartment project under construction next to i-City and the other further away is IJM's Bukit Raja Business Park comprising 92 units of two and three-storey shop offices that is also at an advanced stage of construction.


progress..

Checks showed that IJM's 25ft x 80ft shop offices launched last year have sold quite well. All the two-storey units (except for some bumiputra units) priced from RM498,000 have been sold while there are about 20 units left of the three-storey types priced between RM848,800 to RM1.1mil.

Given the current good demand for shop offices in Klang and Shah Alam, it is expected that i-City's shop offices would be snapped up. This is also evident from the generally good take-up rates of shop offices in Klang, Meru area and Shah Alam. For example shop offices built by the Titijaya Group along Jalan Meru have been fully sold and tenanted.

Investors, particularly people who want to buy a quality shop office will now have a chance to grab 44 units of i-City's CityPark three-storey shop offices that will be launched soon. They are being sold en bloc from RM1.2mil. This mega project by I-Bhd has another 80 units of three-storey shop offices called CityWalk retail suites (sold on strata basis) that would be launched later.

A unique, 1,000-ft long pedestrian mall called CityWalk will separate both types of shop offices. Its main attraction will be the RM40mil integrated multimedia light and sound display.

“The initial response for the shop offices (in i-City) has been very strong from financial institutions, IT companies as well as end-users like professional firms and the car dealers who want to use the shops for their show rooms,” said Allan Soo, managing director of Regroup Sdn Bhd, the project's sole marketing agent.

He said the main difference in i-City's shop offices from the others is that it is within an integrated development. A comparative study of three-storey shop office prices showed that Bandar Puchong Jaya prices had risen 30% from RM800,000 to about RM1.1mil between 2003 to 2004 while in Bandar Baru Klang prices have also shot up 30%. Three-storey shop offices there were priced around RM920,000 to RM950,000 in 2004 but were sold around RM1.3mil last year.

“We have three transactions in Section 9, Shah Alam where the three-storey shop offices were sold for RM1.3mil. We've two transactions of RM1.65mil and RM1.85mil, done between 2003 and 2005. We expect i-City's shop office price to move beyond RM1.3mil. The site is very accessible to several highways like the Guthrie Corridor Expressway,” Soo added.

He is confident that the shop offices would complement and provide synergy to the shopping mall and vice versa and this had been proven to work well.

For instance the MidValley Megamall provides retail and entertainment while the Signature offices support the institutional businesses and have some food and beverage outlets. “When the MidValley Megamall was initially opened, the weekdays were relatively quiet but after the shop offices were opened the weekday crowd was also good. The office crowd needs to eat and shop at the mall,” Soo said, adding that many businesses started off in shop offices, as it was more expensive to rent a retail lot in a mall.

So where exactly is i-City?

If you are coming from Kuala Lumpur, i-City's 72 acres of freehold land can be seen on the right side of the Federal Highway, just outside the Bukit Raja toll plaza. An easier route will be to drive off the Federal Highway at the Padang Jawa interchange, turn right and into Section 7.

As you drive past the UiTM campus (on your right), turn left into Persiaran Permai and you are at the i-City site. Section 7 has been rejuvenated with the completion of some new apartments and nice houses within a gated community where the drains and utilities are covered.

There are several big factories along a wide road that leads to i-City's main entrance. The office towers in i-City will be sited opposite the existing big factories.

This pleasant, matured neighbourhood will provide adequate catchments to support a second shopping centre. The Jaya Jusco/Bukit Raja shopping centre is about 1km away.

If you are coming from Klang, turn left towards the Bukit Raja shopping centre and then turn right into IJM's Bukit Raja Industrial Park. A road leads to i-City.

A prime spot in i-City is the small hill where serviced residences would be built. The four-acre land was the site of an aerospace show in 1995 and the structure there was used as the FRC warehouse until it was demolished recently.

I-Bhd executive director Monica Ong said the project's master planner Jon A. Jerde would be creating a “big field” on the stand-alone hypermarket's rooftop in i-City.

“Jerde is creating a lot of green open spaces without asking for more land to build a park. We will be completing the earthwork end of this month and will start piling after that. We're quite upbeat on the coming launch of the shop offices as the demand is very good. The construction cost of our shop offices is very high as we will be giving a lot of quality finishes,” she added.
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Old September 7th, 2006, 07:45 AM   #34
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On-Site Progress
Phase 1 Development in progress!






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Old September 7th, 2006, 07:48 AM   #35
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CityPark: Priced to perform
By Chris Prasad
New Straits Times
Date: August 12, 2006 : Saturday
Section: Property Times - Exclusive!




Inaugural phase of shop-offices at Shah Alam's i-City to start from at Rm1.29m

The wraps have finally come off the official pricing for commercial units within the first phase of I-City, the much-anticipated futuristic development taking shape in Shah Alam, Selangor.

The developer of the RM1.5 billion commercial township, I-Bhd, has revealed that the first purchasing opportunity within the 72-acre development will come in the form of 44 shop-offices in the CityPark precinct.

These will be available for sale on an en-bloc basis, with land titles, for between RM1.288 million and RM3.888 million.

The commercial units taking shape on part of the 20-acre first phase will come in three, three-and-a-half and five storeys with standard dimensions of 22ft by 75ft.

Although pegged at a premium compared with other shop-offices in the locality, the company believes the pricing is justified as it will be "part of a larger integrated development with future growth potential and innovative, intelligent shop-office features that will cost 20 per cent more to build".

In addition, I-Bhd executive director Monica Ong said the units in CityPark will enjoy the advantage of being next to I-City's principal highlight, the CityWalk retail mall.

This 1,000ft-long pedestrian street mall will boast a RM40 million light and sound display besides other forms of interactive entertainment, which will further enhance the value of the neighbouring shopoffices, she explained.

Retail consultant for the project, Regroup Associates Sdn Bhd (RASB), believes CityPark represents a strong investment opportunity, with a capacity to produce nett yields of between eight and 10 per cent per annum.

"I-City is poised to be a global attraction and therefore, any purchase here can be considered a global investment," RASB managingdirector Allan Soo said.

"These will be intelligent buildings that will come fully fitted with WiFi-ready facilities as well."

On the yield forecast, Soo said it is partly derived from an expected rental of RM6,000 for a typical ground floor unit. This, he said, can be justified on the basis of retail tenants attaining an average sales turnover of RM42psf per month.

Comparing the development with other major regional centres in the Klang Valley, he said currently Sunway Pyramid with 1.5 million visitors a month has an average sales turnover of RM45psf, while I-Utama, with two million visitors a month, is generating RM50psf.

I-City, he added, is expecting a monthly footfall of over 1.2 million. Another contributing factor is CityPark's target tenant mix, which Soo said would be made up of user-oriented businesses.

We expect the units to be taken up by chic F&B outlets, furniture shops, car showrooms and fast-food eateries, while the corner lots are being eyed by banks and IT solution businesses, among others.¨

Ong said following CityPark will be another 74 retail-suites in the CityWalk precinct that will be sold on a stratified basis.

"We will launch these retail suites at a later date at prices that will be higher than CityPark's," she said.

She added that the entire first phase, when completed in about 18 months, will be serviced by over 2,900 surface and basement carparking lots.

"Although phase one will be the first component to be completed, we have already initiated earthwork on the entire 72 acres and expect to begin the piling over the next few weeks," she said.

When fully completed in eight to 10 years' time, I-City, designed by internationally renowned architect The Jerde Partnership, will be a state-of-the-art ICT-based urban township comprising corporate offices, a retail mall, hotels, serviced residences, convention and innovation centres and an intelligent school.

In addition to being earmarked as the premier ICT hub for Selangor and with MSC status application now in the processing stage as well, the development has been endorsed as a major regional tourist attraction of the future by the Ministry of Tourism.


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Old September 7th, 2006, 07:49 AM   #36
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I-City bucks market trend
By Chris Prasad
New Strait Times
Date: August 19, 2006 : Saturday
Section: Property Times - News


Klang Valley's prevailing property market might generally be viewed as soft, but not if you focus on the sales response to a recent shop-office unveiling in Shah Alam, Selangor.

In a matter of hours, half of the non-Bumiputera units in the first phase of the futuristic I-City commercial development was snapped up during an exclusive preview of the project held late last week.

"We are very encouraged by the responses," said I-Bhd executive director Monica Ong.

"The preview of the first phase called CityPark to a select group of 20 was meant to inform them of the opportunities in store, but it turned out to be a sales fest!"

I-Bhd, which is the developer of the 72-acre I-City, is building 44 shop offices in CityPark, and pricing the units from RM1.29 million for an intermediate three-storey unit to RM3.89 million for a five storey corner lot that will come with a dedicated lift.

While the price is at a premium compared with other shop-office projects in the area, retail consultant ReGroup Associates Sdn Bhd (RASA) said it is "justifiable, because CityPark is part of a larger world-class, integrated development".

RASAB managing director Alan Soo said the commercial components within I-City have been designed to maximise returns on investment and shop-office investors can look forward to fetching rents of RM10,000 a month, which can equate to nett yields of between eight and 10 per cent per annum.

Interest in CityPark has been further enforced by its position beside the much anticipated CityWalk pedestrian mall that will boast a Rm40 million light and sound system and other consumer attractions

CityWalk has designed to be the retail and entertainment heart of the first phase, while CityPark will be the place for services as will institutional businesses.

CityWalk's pulling power will play key role in driving a continuous stream of visitors to the area," So said.

Ong said the entire development will introduce solutions that will "exceed the expectations" of I-City's visitors as well as its living and working population.

"At CityPark, value-added features we are incorporating include almost 10 car-parking bays perblock instead of the usual four, three-acre green lung and a digital backbone that will allow all occupants to be networked to their business from anywhere in the development.

The response, Ong added, "is positive indication" of I-City being on the right track to provide "just what investors and business need".

She added. "The buyers are a mix of professionals, owner-occupiers and institutions looking to lock up cash in property that has bright mid to long-term prospects.

"Our growth is certain and sustainable because it is port of a large, well planned development."
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Old September 7th, 2006, 07:50 AM   #37
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Expert: Better to invest in shop offices
By S.C. Cheah
The Star
Date: August 21, 2006 : Monday
Section: StarBiz - Property Talk


INVESTORS are very careful and selective these days, more so in the current soft property market. So when they invest in a property, they must be quite confident of its potential.

As mentioned in last week's column, there seems to be a strong interest in shop offices in prime locations, especially those within an integrated development.








The 44 shop offices in CityPark are for sale
on an en-bloc basis with land titles







Thus, it was no surprise when investors snapped up 50% of the non-bumiputra assigned shop office units in the first phase of the futuristic RM1.5bil I-City commercial development in Shah Alam, Selangor, within a few hours of its private preview to a select audience at the PJ Hilton last week.


The private preview was to inform prospective investors of opportunities available at the I-City, (on a 72-acre freehold site in Section 7) particularly the first phase featuring 44 shop offices with landed titles in the CityPark precinct.

Instead they ended up putting down payments for their units.

The units are priced from RM1.29mil for a three-storey shop office and from RM3.89mil for a five-storey corner unit with a dedicated lift.

I had listened to ReGroup Associates Sdn Bhd managing director Allan Soo who gave a brief talk on the shop-office market and I-City in which Regroup is the exclusive marketing agent.

He pointed out that by comparison, landed residential properties had capital appreciation but low yield, while it was the reverse for condominiums.

“Shop offices have both. So it is better to invest in shop offices. However, the location and the overall business environment and infrastructure are important.

“Not every shop office location is right. Many have failed and some are still languishing in a downward spiral. The trick is to invest wisely and choose the correct combination of factors such as a well-planned and integrated development, good location and also interest from foreign or corporate buyers,” he said.

Shop office prices had trended up generally, and mostly exceeded 30% from launch to completion, he said.

“Most good precincts have shown more than 50% growth from the original price. Shop offices in places like Desa Sri Hartamas launched in the mid-nineties at around RM800,000 are now selling above RM3.5mil, a rise of more than four times the original price, over a period of about 10 years.

“By contrast, high-rise residential investments do not share the same trend in prices. In fact, many condominium units have not shown any increase in price at all!” he added.

Soo is confident that a three-storey shop office unit in I-City's CityPark could easily fetch up to RM10,000 per month in rental because of its access to I-City's unique features.

“CityWalk's pulling power of a 1,000 ft programmable pedestrian mall will play a key role in driving a healthy, continuous stream of business for both CityWalk retailers and CityPark businesses,” he said.

He said CityWalk would provide retail and entertainment while CityPark would offer services and support the institutional businesses. The shop units in CityWalk are for lease only.

Soo also noted that there was a trend towards decentralisation in office space needs where rentals and occupancy rates had grown tremendously in the outskirts.

“The office market is finally showing positive rental and occupancy growth and this is a result of stagnation of supply,” he said, adding that the existing supply of shop offices in the Klang Valley was still low while new supply was also very low compared with residential units.

Soo said the growth in shop office supply was not large (there were only 1,754 shop office units launched in Selangor in 2005 compared with19,536 residential units) as against purpose-built office space.

I-Berhad executive director Monica Ong, who is pleased with the “very encouraging” response, said the public seemed to know and appreciate I-City's concept. “It will be very different from anything seen in Selangor or in the country,” she said.

Ong said value-added features would include 10 car park bays per block instead of the usual four and a three-acre “green lung” that would enhance the quality of working life at CityPark and I-City as a whole.

“The buyers are a mix of professionals, owner-occupiers and institutions looking to lock up cash in property with bright mid-to long-term prospects, good yield potential and quality commercial units in the area,” she added.

So what's my take?

Well, just look at SS2. Most of the tenants have been operating there for years. That means business must be good enough to sustain the high rentals.

Those who bought the three-storey shop offices in Taipan USJ also benefited from their investments. Although many shops have opened and closed over the years, owners do not have problem renting out their ground-floor shops again. No wonder no one seems to be selling their units.

However, both commercial centres do not have the kind of integrated concept as I-City that is designed by world renowned Jon A. Jerde.
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Old September 7th, 2006, 03:04 PM   #38
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I-Bhd and Intel build i-City project


KUALA LUMPUR: I-Bhd has teamed up with Intel Corp to help it initiate the development of digital services infrastructure at its i-City project in Shah Alam.

I-Bhd chief executive officer Eu Hong Chew said on Thursday that Intel was one of a multi-member consortium that would co-undertake the development of the digital infrastructure of i-City.

Speaking after the signing the collaboration agreement with Intel on Thursday, he said other members, which include a telecommunication company, would be announced by year-end.

Eu said I-Bhd and Intel Corp would collaborate on several platforms including digital township services infrastructure, setting up the ICT Mall, a digital products retail centre, The ICT giant will also set up an Intel Showcase Centre at the township to display its latest technologies and establish an e-learning centre using the Intel Solution Kit for Education (ISKE). "We are building a benchmark to be more than just a broadband-enabled project. Our initiative will serve many levels as well as the future," Eu said. Intel Corp's South East Asia, Australia and New Zealand director Philip Cronin said the collaboration would focus on the use of Intel technologies in facilitating day-to-day activities of the working and living community in i-City. "Intel will help i-Bhd build a robust architecture to ensure the vision of setting up a truly digital township be realised," he added. Designed by world-renowned architect Jon Jerde, the RM1.5bil digital township in Shah Alam boasts among other things, corporate offices, retail mall, serviced residences, a hotel, innovation centre, intelligent school and a 1,000ft pedestrian CityWalk and shop offices. The i-City ICT masterplan include the development of the ICT Mall, incubation programme, digital technology based township services such as remote surveillance, smart cark parking, information kiosk and sensory-activated light and sound multimedia displays. I-Ciyt has already been designated the premier ICT hub for the Selangor States and has been endorsed by the Ministry of Tourism as one of the country's unique tourism destinations. Eu said I-Bhd, which has seen brisk sale when it kicked started the development of phase one of I-City with shop-houses development early this year, expects sales from the project to contribute significantly to its earnings this year. The company sold some 50% of the 44 units of shop-houses, which collectively have sales value of some RM70mil. The first phase of the project entails the development of 200 units of shop-houses with a gross development value of nearly RM500mil and is due for completion in 18 months. The township, which is located on 72-acre site, will eventually have a built-area of some 200million sq ft.
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Old October 8th, 2006, 09:18 AM   #39
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I-Bhd, I-City will succeed where Sumur City failed
By Ashwin Raman
The Sun
Date: September 08, 2006 : Friday
Section: Business News
Page: P25




Eu (right) and Intel Corporation director (SE, Australia, New Zeland)
Philip Cronin exchanging documents after inking a deal to collaborate
on several platforms including the establishement of an Intel Showcase
Centre in i-City




I-Bhd is confident of a successful take off for its RM1.5 billion I-City development project in Shah Alam despite the failure earlier to launch the Sumur City project by the company's major shareholder Sumurwang Sdn Bhd.

Its chief executive officer Eu Hong Chew said I-City would succeed where the RM2 billion Sumur City project failed 10 years ago because the timing was better for a comprehensive digital city in 2008.

Technology has evolved in the last 10 years. Now, technology is digital and (I-City) is in line with what the government wants,” Eu said, adding I-City was a township that would provide digital services and applications for the business community and government.

In the mid-90's, the Sumurwang, which owns 48.27% of I-Bhd, had originally planned to develop the dome-covered Sumur City project on the 28.8ha parcel of land that would comprise commerical and entertainment components as well as three million square feet of retail space.

Eu attributed the aborted project to the financial crisis that hit the region in 1997.

Speaking to reporters after the signing of an agreement between 1-Bhd and Intel Corporation in Kuala Lumpur on Sept 7, he said the perception among commercial property buyers had changed from the 90s as “digital technology had become relevant” to large corporations and small and medium businesses.

Expressing confidence that the I-City project will take off by its targeted completion for Phase 1 in 2008, Eu said it was given further impetus with the support of the Selangor state government and I-Bhd's application for I-City to be awarded MSC Cybercity status.

Since its launch last month, less than 22 of the 44 shop offices in the I-City's city park have been sold.

Of the 197 commercial units under Phase 1, he said 73 were retail suites and 44 shop offices up for sale while the remaining 80 units are for rent only.

On the tie-up with Intel, he said the two parties would collaborate on several platforms that include enabling small businesses with relevant applications and hardware, shared services as well as establishing an Intel Showcase Centre in I-City.

Asked about the Securities Commission's (SC) rejection on I-Bhd's proposal to revise the utilisation of proceeds from its three-for-one rights issue and ICULS exercise for the I-City project, he said the company had appealed to the SC to reconsider the matter.
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Old October 9th, 2006, 07:16 AM   #40
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I-Bhd gets strong support for i-City project



Datuk Prof Dr Adnan Alias



An artist’s impression of part of the i-City. The RM1.5bil development will take between eight and 10 years to complete



Datuk Ch'ng Toh Eng (centre) being briefed by Datuk Lim Kim Hong (far right) and Eu Hong Chew (far left) at the i-City project site in Shah Alam

By S.C. CHEAH

I-BHD has roped in the support of Intel, Universiti Industri Selangor (UniSel), the Tourism Ministry as well as the Selangor state government for the proposed i-City, a RM1.5bil information and communication technology (ICT)-based commercial development in Shah Alam.

The Selangor state government is backing this development because I-Bhd is supporting its aim to take the Multimedia Super Corridor (MSC) concept to the next level, from merely focusing on the business community to creating a digital community.

Also, it is the first project of its kind by the private sector and on such a massive scale.

There was a flurry of activities last month that saw I-Bhd signing a memorandum of understanding (MoU) with Intel on Sept 7 for the development of digital service infrastructure at i-City.

This was followed by an official visit by Selangor state executive councillor Datuk Ch’ng Toh Eng, who is also chairman of the state Multimedia, Environment & Village Development Portfolio, to the project’s site in Section 7 on Sept 25.

Ch’ng, who initiated the digital city idea, was satisfied with the progress. Earthworks at the project’s 72-acre freehold site in front of the Sungai Rasau toll plaza of the Federal Highway 1 are nearing completion while piling on the Phase 1 shop offices has started.

The next day, I-Bhd signed another MoU with UniSel at its Shah Alam city campus (located near i-City) to forge a smart partnership under the i-City incubation programme.

More MoUs would be signed in the coming months with other consortium members to undertake the development of the digital infrastructure of i-City.

It is understood that I-Bhd, a public listed company on the Bursa Malaysia main board, has allocated RM5mil on a promotional campaign.

The City Walk is the project’s much-touted showpiece. I-Bhd will spend about RM40mil on ICT infrastructure to support a unique 1,000-ft-long pedestrian street mall where visitors would be surrounded by light, colour, movement and sound. A three-court design provides ample space for events and promotions throughout the year.

The company has 80 retail units lining City Walk for rental only. The City Walk is flanked on one side by 44 units of landed shop offices and on the other by 72 units of strata shop offices, all with a contemporary design. Sales have been encouraging.

The success of the shop offices, City Walk and two office towers (where light shows and images would be projected on the buildings’ glass walls) under the 20-acre Phase 1 (scheduled for completion at end of 2007) is crucial. This helps I-Bhd to gain investors’ confidence for the rest of the development that will also have a retail mall, serviced residences, hotel, intelligent school, corporate offices and innovation centre.

The company’s maverick chairman Datuk Lim Kim Hong, realising the importance of shoring up confidence, has worked tirelessly to push for the project’s acceptance.

Lim, who made his millions selling mattresses in the 1980s, wants to bury the ghost of its Sumur City project that failed to take off on the same site following the 1997/98 regional economic crisis.

Since then, I-Bhd has shifted its focus from being a traditional manufacturer of air-conditioners and home appliances to become the leading local provider of digital convergence products. It brought digitalisation to homes and is now expanding its vision to provide smart systems integration to townships.

I-City marks I-Bhd’s first foray into an ICT-enabled property development.

“I-City is a world-class project, and from the state government's perspective, there will be many ground-breaking ideas and policies for the state to consider as the project progresses.

“In view of this, the state has established the i-City Selangor Steering Committee so that such issues can be resolved quickly,” said Ch’ng, who has been appointed chairman of this steering committee with the Selangor State Investment Corporation as secretariat.

Ch’ng said the steering committee had held many meetings over the past year and he was happy that the project was moving along smoothly.

“I am confident that the end result would be a comprehensive digital community that is the first in the region. It will also be the first private sector financed initiative in the region and a new public-private sector development role model in Malaysia,” he added.

UniSel vice-chancellor Datuk Prof Dr Adnan Alias said i-City offered a “win-win” opportunity for I-Bhd and Unisel. The collaboration with I-Bhd, he said, would see the setting up of Unisel’s first information technology incubator.

“It will be an extension of our industry collaboration. There will be a lot of things needed to make the i-City’s digital city vision a success. One is the software and content development like showing videos on buildings and the total city management system,” he told StarBiz.

Dr Adnan said Unisel would be providing the premises, facilities and expertise for the i-City incubators, as it would take I-Bhd some time to have its own premises for the incubators in i-City. (I-Bhd plans to have 40 incubatees in its i-City incubation programme to start next year and be ready by 2009.)

“Our lecturers can provide consultancy for the project. It will present us with a good opportunity to jointly develop technopreneurs,” he said.

Intel director for South-East Asia, Australia and New Zealand, Philip Cronin, said there was an “explosion” of technological innovations and i-City would help to make businesses more competitive in the global market and have lower costs in the long term.

I-Bhd chief executive officer Eu Hong Chew said i-City would take eight to 10 years to complete and would be funded partly from sales and internal funds.

I-Bhd’s Lim Kim Hong has one wish before he retires: to make i-City a success, as he believes it would benefit Selangor and the country as a whole.

“I am not only putting a lot of my own money, but I am staking my reputation on this development,” he said.
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