TUN RAZAK EXCHANGE | Kuala Lumpur ( Pudu / Jln Tun Razak ) | General News & Updates

[ashraf abdullah]

plez333.....
jd la design tu..

[Brannix]

With all the below working to get this development, i dont see design is the issue. Good or bad design will eventually, as usual, back to the hand of someone sitting high up there. Same thing happened to the design for the soon-to-be Malaysia tallest building... out of 7 to 8 design, client shortlisted 3, but the one sitting at the peak pointed at the cheapest design and say 'yes'.

Foster & Partners (Petronas University of Technology & The Troika designers)
Sasaki (Hongxing Oceanfront Community)
BDP (Liverpool One)
Machado and Silvetti Associates (Dewey Square, Boston)
Broadway Malyan (Mina Zayed, Abu Dhabi)
Atkins Global (London Olympics 2012)
Cox Richardson (Singapore Marina Bay)
Adrian Smith & Gordon Gill (Franklin Point)
NIkken Seikei (Ajmakan, Saudi Arabia)
OMA (Dubai Waterfront)

[kl 2020 ideas]

Originally Posted by Brannix

With all the below working to get this development, i dont see design is the issue. Good or bad design will eventually, as usual, back to the hand of someone sitting high up there. Same thing happened to the design for the soon-to-be Malaysia tallest building... out of 7 to 8 design, client shortlisted 3, but the one sitting at the peak pointed at the cheapest design and say 'yes'.

Foster & Partners (Petronas University of Technology & The Troika designers)
Sasaki (Hongxing Oceanfront Community)
BDP (Liverpool One)
Machado and Silvetti Associates (Dewey Square, Boston)
Broadway Malyan (Mina Zayed, Abu Dhabi)
Atkins Global (London Olympics 2012)
Cox Richardson (Singapore Marina Bay)
Adrian Smith & Gordon Gill (Franklin Point)
NIkken Seikei (Ajmakan, Saudi Arabia)
OMA (Dubai Waterfront)

I think the one who deserves it will be either Adrian Smith or Atkins Global.

[nazrey]

Civil unrest may cause problems to fund ETP
Posted on March 3, 2011, Thursday
http://www.theborneopost.com/?p=98408



CIVIL UNREST: File photo shows Minister in the Prime Minister’s Department,
who is also chief executive officer of Performance and Management Delivery
Unit (Pemandu), Senator Datuk Seri Idris Jala addressing the audience here
on the government-endorsed programme. A protracted civil unrest in in the
Middle East countries may cause difficulties for the nation to woo more
investors from the region to invest in ETP projects, says Manokaran.
—Bernama photo

KUALA LUMPUR: A protracted civil unrest in Middle East countries may cause difficulties for the nation to woo more investors from the region to invest in the Economic Transformation Programme (ETP) projects, says an economist.

AmResearch Sdn Bhd’s (AmResearch) senior economist Manokaran Mottain, however, said the impact would be temporary following possibilities of the Middle East crisis being resolved soon,

“The notion that the political instability in the Middle East and North Africa will spill over to other countries, especially Saudi Arabia, is unlikely to happen.

“The government’s stand in sourcing for funds from the Middle East to invest in the ETP may also have backfired, particularly for the RM26-billion Kuala Lumpur International Financial District project.

“Higher building material prices have also raised the costs of some projects slated under the ETP, potentially causing delays,” he told Bernama in an interview yesterday.

Manokaran said many rich Middle East countries might want to retain funds to address their emergency situations as it was still uncertain when the turmoil in the region would end.

“This will undoubtedly cause some difficulties for Malaysia to attract more Middle Eastern investors,” he said.

On spiralling world oil prices, Manokaran said that if steps to reduce subsidies were not taken, the government’s fiscal credibility would be put into question, along with increases in borrowings costs.

“Despite the fact that further cuts in subsidies will help achieve the 5.4 per cent targeted fiscal deficit this year, a possible delay by the government in implementing the subsidy rationalisation programme is on the cards due to the higher probability of a general election being held in the middle of this year or end-2011,” he said.

Nevertheless, in the long-term, he believed that fuel prices would be in for a major correction.

“Prices have spiralled to levels that are increasingly hard to sustain with demand from consumers failing to match the high expectations in financial markets,” he added. — Bernama

[patchay]

PREVIEWING...
KUALA LUMPUR INTERNATIONAL FINANCIAL DISTRICT
COMING SOON IN MID JUNE 2011

Work for KLIFD is on schedule with construction expected in mid-2011.

The design competition for a Master Planner has attracted the world’s best. They include Foster + Partners, Sasaki, BDP, Machado and Silvetti, Broadway Malyan, Atkins, Cox Richardson, Adrian Smith + Gordon Gill, Nikken Sekkei Ltd and OMA.

1MDB will announce the winner soon.



Kuala Lumpur's New Centre of Attraction






KLIFD will drive Malaysia towards a high-income economy.

KLIFD aims to deliver on the aspiration for Greater KL to drive rapid growth in parallel with upgrading the city’s liveability.

KLIFD aims to attract and connect businesses as well as talent through new strategic developments and best global services. It will have a twin city, Bandar Malaysia, a short distance away.

Multinational companies will be encouraged to locate their global or regional headquarters in Greater KL. This will be supported by dedicated programmes to grow Greater KL’s population to 10 million by 2020, with a focus on higher-value jobs.

KLIFD will offer the right incentives as well as create the right business opportunities to bring in multinationals.

There will be strong emphasis on quality of life appealing to the talent needed to support a Greater KL.

KLIFD will also spearhead a greener Greater KL with green spaces, sustainable buildings, limited motor vehicle usage, large tranquil parks coupled with rooftop gardens and solid waste management eco-system.

The development of KLIFD will form the new apex to the Golden Triangle, currently anchored by KLCC to the north and KL Sentral to the west.


Culture

KLIFD will celebrate the cultural richness of Kuala Lumpur and reflect its contemporary character. It will employ vibrant, mixed-use streets with a diversity of architecture and public space, and will have an intimate relationship between other KL City landmarks such as KLCC and Bukit Bintang.


Synergy

KLIFD will leverage on existing retail, entertainment and hotels around Bukit Bintang and neighbouring area to enhance the city’s already vibrant pedestrian network.

The site’s access to existing and planned public transportation infrastructure provides KLIFD with multiple connectivity to the entire metropolis.


Sustainability

KLIFD will be a benchmark in environmental and sustainable development. Sustainable design strategies are at the core of every component of the project.


Components:


A series of interconnected building podiums to house office and commercial needs. The district landmark office building, located over the project’s main transit hub, crowns the whole development.



The retail focus of KLIFD, a shopping mall, will add to the existing retail strip in Bukit Bintang and the Pavilion shopping centre, weaving the financial district into the KL city grain, while smaller retail serving the daily needs of the office workers will be part of the podium world of the new financial district.



Accommodation will consist of a range of condominiums of different sizes from small to large, catering for a variety of tastes and budgets. The accommodation will be offered in low to medium rise buildings, continuing the city's grain to existing residential from the northeast.



The proposed park will play a big part in making KLIFD the greenest and coolest district in Kuala Lumpur. The roof gardens, meanwhile, provide green amenities for the office workers, hotel guests and residents. They provide stunning views into the city and serve as an incubator and “urban living machine” for the development.



A Business University will complement KLIFD and add a vivid 24-hour atmosphere to the financial district. It will be directly connected to the main financial hub, which in turn will benefit from the University's research and manpower. (I wish we have KL Global Business School )

[guy4versa4]

just 1 tall building?

[patchay]

Originally Posted by guy4versa4

just 1 tall building?

still subject to final winner...

and eventually phase by phase and building height (means quantity of units) subject to supply and demand....

[browncolour]

hope the tall building can over 400m

[James Foong]

400m above..thats narrow down to Adrian Smith - one of the four living architects have designed the top 10 tallest buildings in the world which have either been constructed or are presently under construction.

[constipation]

i just worry with instability of middle east countries n japan nuclear disaster. It may effect this project soon or later. However, i still believe of ETP project under Dato' Idris Jala, moreover there will be a mrt station there,definitely it has purpose

i just cant wait the construction by this mid-2011,when will we know who is the master planner for this project

[PlanetNova]

hope they have money to build. the renderings are not impressive.

[patchay]

kl will be suffering from a glut becoz suburban areas (as far as Klang) are actively pursuing Grade A office towers and gradually pulling out tenants from kl city.

Now, Sime Darby Plantation Division prepares for a massive relocation to Ara Damansara from Jalan Sultan Ismail (but corp HQ and other divisions will remain for time being).

[aim11086]

when they wil announce the winner??
cant wait for the proposal either

[kl 2020 ideas]

Sadly, no Bursa Malaysia in KLIFD.

[rizalhakim]

the architects

1.Foster + Partners - www.fosterandpartners.com
2.Sasaki - www.sasaki.com
3.BDP - http://www.bdp.com
4.Machado and Silvetti - www.machado-silvetti.com
5.Broadway Malyan - www.broadwaymalyan.com
6.Atkins - www.atkinsdesign.com
7.Cox Richardson - www.coxarchitecture.com.au
8.Adrian Smith + Gordon Gill - www.smithgill.com
9.Nikken Sekkei Ltd - www.nikken.co.jp
10.OMA - http://www.oma.nl

1MDB wil announce da winner soon.would luv 2 c their proposal...too bad SOM & Zaha Hadid xde...

[josephyap90]

Originally Posted by rizalhakim

the architects

1.Foster + Partners - www.fosterandpartners.com
2.Sasaki - www.sasaki.com
3.BDP - http://www.bdp.com
4.Machado and Silvetti - www.machado-silvetti.com
5.Broadway Malyan - www.broadwaymalyan.com
6.Atkins - www.atkinsdesign.com
7.Cox Richardson - www.coxarchitecture.com.au
8.Adrian Smith + Gordon Gill - www.smithgill.com
9.Nikken Sekkei Ltd - www.nikken.co.jp
10.OMA - http://www.oma.nl

1MDB wil announce da winner soon.would luv 2 c their proposal...too bad SOM & Zaha Hadid xde...

most the design of foster+partners look great!! Can't wait to have a look at their proposal

[dengilo]

Originally Posted by kl 2020 ideas

Sadly, no Bursa Malaysia in KLIFD.

I agreeI simply hate the bursa building where it is now

[patchay]

Pre-qualification Advertisement has appeared in TheStar today

[nazrey]

Compensation issue for KLIFD
Written by Sharon Tan Monday, 04 April 2011 11:45
http://www.theedgemalaysia.com/highl...for-klifd.html

KUALA LUMPUR: The wheels have been set in motion for 1Malaysia Development Bhd’s (1MDB) Kuala Lumpur International Financial District (KLIFD) project, along Jalan Tun Razak, to start although compensation issues that have yet to be ironed out may throw a small spanner in the works.

Documents for pre-qualification tenders under KLIFD’s masterplan, which is being finalised by 1MDB, were released last Wednesday. However, traders operating in Pasarakyat, which occupies a piece of land acquired by 1MDB for the KLIFD project, have refused to move until they have been compensated.

It is learnt that a meeting between the representatives from the traders, 1MDB, a minister from the Prime Minister’s Department and Bukit Bintang Member of Parliament Fong Kui Loon was scheduled to take place last Thursday, but has been rescheduled to another date that is yet to be determined.

When asked, 1MDB declined comment on the subject of compensation.

Late last year, Pasarakyat Sdn Bhd, the operator of the market known as Pasarakyat, issued a letter to the tenants telling them that 1MDB had on Dec 6 notified Ladang Impian 1 Sdn Bhd it is now the registered proprietor of the Pasarakyat land and it wished to terminate the lease. Ladang Impian holds the lease to the land on which Pasarakyat is built.

The letter from Pasarakyat added: “Consequently, we are forced in turn to terminate your (the traders) licence. Notice is hereby given pursuant to Paragraph 10 (v) of the Licensing Agreement to terminate your licence. You are requested to remove all your items and belongings and to peaceably yield up the allocated premises in good and reasonable condition at the expiry of three calender months from Jan 31, 2011, to April 30, 2011.”

Pasarakyat sits on one of the few pieces of land that will make up the 30.35ha (75 acres) for the development of KLIFD, a project initiated by the government to unlock the value of the last big plot of land in the KLCC vicinity by transforming it into a thriving financial hub.

The RM26 billion KLIFD development will include office buildings, retail and entertainment space, residential components, a park and a business university. It is to be co-developed by the government’s special purpose vehicle 1MDB and Abu Dhabi’s Mubadala group via a strategic partnership.

Prime Minister Datuk Seri Najib Razak had said at the signing of agreement between Mubadala and 1MDB last year that KLIFD would also provide significant stimulus for the construction industry.
“There is no objection to the KLIFD but the traders (at Pasarakyat) must be relocated properly. They have built up the good name of the place, so to chase them out without any compensation is unfair,” Fong, the Bukit Bintang MP, told The Edge Financial Daily.

The much-publicised Pasarakyat was opened on Jan 31, 2002, by the then-prime minister Tun Dr Mahathir Mohamad as a farmers’ market where farmers could sell their produce directly, eliminating middlemen. But the farmers market didn’t really catch on and in subsequent years, Pasarakyat also doubled up as a bus terminal for Singapore- and Genting Highland-bound buses.

It is learnt that the nearby Bukit Bintang Market, where 200 hawkers and traders are operating, also faces a similar fate because of the KLIFD, but Dewan Bandaraya Kuala Lumpur (DBKL) has promised to find a new location for the traders.

“There is to be no compensation for the traders but from my discussion with DBKL, a new location will be found for them,” said Fong, adding that he has suggested that a new market with a multi-storey car park be built nearby.

He said there are about 42.5ha of government land in the area, of which 30.35ha have been given to 1MDB for the KLIFD development.

“There are still 12.14ha. Just allocate about two to four acres of land for the market and multi-storey carpark,” added Fong, who had also tabled an emergency motion in Parliament on March 10, on the issue of the relocation and compensation for the traders and hawkers.

However, the motion was denied by deputy speaker Datuk Ronald Kiandee as it was understood that 1MDB is currently seeking a solution to ensure all stakeholders involved are taken care off.

According to Fong, there are other businesses, including a few restaurants, that had leased land from the government in the area and they may now face eviction as well. Meanwhile, private land owners who own small plots of land surrounding the KLIFD site may also demand compensation as the development of KLIFD affects their property. These are issues that 1MDB needs to resolve.

Market observers said any compensation relating to the KLIFD project affects not only 1MDB but potentially the mass rapid transit (MRT) project as well. It is learnt that an underground MRT station will be built on the Pasarakyat location to serve the KLIFD.

With the MRT project expected to commence work in July, and scheduled for completion in 2016, it is imperative that the development schedule of the key components of 1MDB also move in tandem so as to deliver the desired impact on the government’s Greater KL Master Plan. Indeed, according to information from the 1MDB website, work on KLIFD will begin in mid-2011, while the MRT is expected to begin construction on July 16.

How 1MDB deals with the compensation issue could be a test case for Syarikat Prasarana Negara Bhd, the promoter of the MRT, as the government-owned transport entity will soon commence land acquisitions to build the rail system.

Prasarana’s challenge is expected to be even tougher as it involves acquiring various parcels of land from private parties. The government is expected to acquire 473 lots of land totalling 97ha for the MRT’s Sungei Buloh-Kajang line.

The MRT and major development projects such as KLIFD are catalysts to promote the further growth of Kuala Lumpur, said analysts.

Land valuations of the KLIFD area, between Jalan Tun Razak, Jalan Sultan Ismail and the Putrajaya elevated highway, are expected to rise upon the completion of the project. According to market sources, the land is valued at RM1,000 to RM2,000 per sq ft currently. DBS Group Research Equity had in its report in January said that land prices in the KLIFD area are expected to double within the next five years.

[nazrey]

KLIFD: A Significant Boost To Nation's Leadership In Islamic Finance
By M.Saraswathi
http://greaterkl.bernama.com/news.php?id=575514

KUALA LUMPUR, April 1 (Bernama) -- Malaysia harbours a global aspiration for the Kuala Lumpur International Financial District (KLIFD) to be given a significant boost, strengthen and maintain the nation's leadership in Islamic finance and banking, says Prime Minister Datuk Seri Najib Tun Razak.

Malaysia has been maintaining its leadership in Islamic banking and finance for over three decades now with 60 per cent of the international Sukuk issued from here.

"We hope to be the leader (in Islamic banking and financing) because that's our aspiration. We have a global aspiration. We have to put in place all the necessary projects and programmes, and one of them is having the international financial district," he told Boomberg television in an interview Friday on his achievements after two years in office.

Najib, who is also Finance Minister, said the sector helped Malaysia cushion the impact of the global financial crisis.

"It did actually. It didn't have the same negative impact as conventional banking because it is based on productive real assets, not on speculative consideration," he said.

Going forward, Malaysia would see a very steady growth in Islamic assets.

"It did double-digit growth. That's what we expect in the years to come," he said adding that the country had all the necessary ingredients to continue assuming a leadership role in Islamic finance.

"One of the ways in which we can maintain our leadership is to ensure the necessary support for that, especially in terms of training and expertise. We have a center here," said Najib.

The International Centre for Education in Islamic Finance (INCEIF) is the global university offering academic and professional qualifications in Islamic finance based in Kuala Lumpur.

Bank Negara Malaysia allocated an endowment fund of RM500 million to cover the operational expenditure of INCEIF.

-- BERNAMA