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Old July 2nd, 2015, 09:03 AM   #1
rizalhakim
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KUALA LUMPUR SPORTS CITY | Kuala Lumpur (Bukit Jalil) | Prep

MRCB gets RM1bil Bukit Jalil stadium job

http://www.thestar.com.my/Business/B...job/?style=biz
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Old July 5th, 2015, 02:35 PM   #2
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MRCB KL GARDEN CITY BUKIT JALIL | Kuala Lumpur (Bukit Jalil) | Pro



Quote:
MRCB gets RM1bil Bukit Jalil stadium job
Wednesday, 1 July 2015
By: EUGENE MAHALINGAM


PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) is tipped to refurbish the various sports facilities at the National Sports Complex (NSC) in Bukit Jalil, including the 17-year-old Bukit Jalil Stadium, which is the main venue for sporting events in the country.

Sources said the refurbishment work could cost up to RM1bil and in return, MRCB would get parcels of land in the vicinity of the NSC for development if the proposal is approved.

Apart from the refurbishment of the various facilities, the job will also involve building a sports museum and hall of fame to commemorate sporting greats.

“MRCB has submitted the proposal to the Youth and Sports Ministry and is awaiting the results. It is for the refurbishment of a few stadiums,” said a source.

The buildings in the NSC include the Bukit Jalil National Stadium, Putra Stadium, National Hockey Stadium, National Aquatic Centre and National Squash Centre.

The UEM-Renong group built the facilities in the 90s for the Commonwealth Games in 1998. They have not seen much refurbishment since then.

Sources said that the development of the land surrounding the stadium would be done after the refurbishment works have been completed. “The land MRCB would get in return for the refurbishment and building of new infrastructure would depend on the cost of the job. That will be the next phase of the project,” said the source.

A spokesperson from the Youth and Sports Ministry confirmed that plans to refurbish the stadiums in Bukit Jalil were in the pipeline.

The spokesperson, however, declined to reveal if the stadiums would be confined to just those within the NSC.

“We will reveal more information very soon,” the spokesperson said.

A property developer with a project in Bukit Jalil said that land was hard to come by, especially near the NSC.

“Not many parcels are for sale. It is strategic and has good access,” said the developer who declined to be named.

Among the companies with land bank in the area near the Bukit Jalil sports complex is Berjaya Land Bhd, which has developed a golf course with bungalows.

The bungalow parcels are going for about RM350 per sq ft.

One of the biggest developers in that area is Malton Bhd, which has 50 acres to be jointly developed with Ho Hup Construction Bhd. The plan is to build a large shopping mall called Pavilion 2.

There are several smaller developers that have launched apartment buildings that are being sold at more than RM600 per sq ft.

MRCB, after seeing a change in its management that is now headed by group managing director Tan Sri Mohamad Salim Fateh Din, has become one of the more aggressive property developers and infrastructure builders.

The strategy adopted by Salim is to emphasise on cash flow and enhance the group’s assets that are providing recurring income.

In this respect, it injected Platinum Sentral into Quill Capita Trust Bhd, a real estate investment trust (REIT) company, last year for shares and cash in a deal valued at RM740mil.

After that exercise, MRCB has become the single largest shareholder of the REIT that is now called MRCB-Quill REIT Bhd and it hopes to benefit from the steady dividend income.

MRCB also owns a highway in Johor called the Eastern Dispersal Link that leads to the Customs, Immigration and Quarantine Complex before connecting to the Causeway into Singapore.

MRCB announced last week that it had bagged three construction jobs worth RM485mil in Desaru Coast, Johor, from Destination Resorts and Hotel.

The projects involve a RM61.4mil conference centre, the 386-room Desa Desaru hotel valued at RM212mil and the 275-room Westin Desaru Resort worth RM211.6mil, said MRCB, adding that the construction period of the projects would be between 19 and 21 months.

According to a report, the more jobs are expected to be added to MRCB’s order book, as it is set to launch a mixed development with an estimated gross development value of between RM1.2bil and RM1.6bil next year.

The first phase of multi-billion-ringgit Desaru Coast features four premium resorts – Aman Country Club and Aman Villas, Datai Desaru, Sheraton Resort and Plantation Hotel.

The whole Desaru Coast development, stretching 17km over 3,900 acres, is estimated to take 15 to 20 years to complete.

For its first quarter ended March 31, MRCB’s net profit jumped to RM237.86mil from RM11.99mil in the previous corresponding period, while revenue jumped to RM404.19mil from RM204.65mil previously.

The improved earnings was due to higher revenue contribution by all the business units.

MRCB tipped for Bukit Jalil job
http://www.thestar.com.my/Business/B...job/?style=biz
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Old October 28th, 2015, 03:46 PM   #3
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Quote:

Wednesday, 28 October 2015

MRCB wins RM1.6bil deal to turn Bkt Jalil sports complex into KL Sports City



KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) subsidiary Rukun Juang Sdn Bhd (RJSB) has won a RM1.6bil deal from the Government to regenerate the Bukit Jalil National Sports Complex into the iconic Kuala Lumpur Sports City.

The property and infrastructure developer said in a statement that the Government selected it from among the 11 companies that submitted proposals in an open national tender process undertaken by the Public Private Partnership Unit (Ukas) of the Prime Minister's Department.
http://www.thestar.com.my/Business/B...ity/?style=biz
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Old October 29th, 2015, 03:37 AM   #4
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Quote:
CYBERJAYA: Malaysian Resources Corp Bhd (MRCB) has announced three major deals in one day, beginning with an RM1.63bil privatisation deal to refurbish and upgrade the Bukit Jalil National Sports Complex. This confirms a StarBiz report in July.

The first phase of the project will entail readying the Bukit Jalil National Stadium for the 2017 South-East Asian (SEA) Games as well as enhancing the Putra Stadium, the National Aquatic Centre and the National Hockey Stadium and improving integration to the current and existing public transportation links and increasing pedestrian access across the site.

After the SEA Games, phase 2 will commence in 2018, consisting of the creation of KL Sports City, a fully integrated sports hub which would include high-performance training facilities, a sports rehabilitation science centre, a youth park, public sports facilities, a sports museum and a sports-focused retail mall.
Source: http://www.thestar.com.my/Business/B...win/?style=biz
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Old October 29th, 2015, 11:58 AM   #5
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The end of Bukit Komanwel Park.
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Old October 29th, 2015, 05:57 PM   #6
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It reigns the tittle for almost twenty years already...
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Old October 29th, 2015, 06:08 PM   #7
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Quote:
Originally Posted by tomkat View Post
The end of Bukit Komanwel Park.
A sad news indeed. it's nostalgic to me since the park was built for the 1998 Commonwealth Games
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Old November 2nd, 2015, 09:46 AM   #8
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we need MRT2 to integrated to bukit Jalil LRT.
if not sure super jam this place in future, include sri petaling.
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Old November 10th, 2015, 02:54 AM   #9
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Old November 10th, 2015, 02:57 AM   #10
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Old November 10th, 2015, 03:00 AM   #11
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Old November 10th, 2015, 07:12 AM   #12
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The architect that involved is POPULOUS, which also involved in London 2012 stadium.
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Old November 10th, 2015, 11:59 AM   #13
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Quote:
Originally Posted by archilover View Post
LED??
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Old November 10th, 2015, 12:16 PM   #14
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Old November 10th, 2015, 12:17 PM   #15
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stadium putra got new facade too?
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Old November 10th, 2015, 12:56 PM   #16
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KL Sports City
http://www.mrcb.com.my/main/upcoming-projects.php



KL Sports City will inspire and support generations of Malaysian sporting success. A world-class integrated sports city it will be accessible by athlete, club and community participants 24 hours a day. With the upgraded and modernised Bukit Jalil National Stadium complex at its heart, KL Sports City will place sports, recreation and healthy living at the centre of national, family and youth life.

A truly multi-use location, KL Sports City will offer state-of-the-art sports training and rehabilitation facilities, pitches and courts for playing on and having fun, convention and exhibition centers, sports museum and libraries, and youth hostels and outdoor entertainment centers. There will also be meticulously planned commercial, retail and residential areas ensuring that KL Sports City offers a sustainable, long-term legacy and will encourage community participation 12 months of the year.

For more information on KL Sports City, please call 03-2859 7014 / 2859 7065 / 2859 3696

Email : corp.comm-assistline@mrcb.com
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Old November 12th, 2015, 09:40 AM   #17
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My thoughts on the upcoming renovation of the Bukit Jalil Stadium (posted at the Bukit Jalil Stadium thread at the international forums):

Quote:
The addition of retractable seats at the Bukit Jalil Stadium? I think this means its lowest tier could be torn out and replaced with movable stands (to switch between athletics-track format and football-only format), which will obviously reduce the stadium's capacity. Some more skyboxes could be added to the stadium, also. I'd imagine the retractable/movable stands would probably make the renovation's costs rise. Also, I think it is a good idea to place an exterior facade on the Bukit Jalil Stadium, since it was originally built without one.
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Old November 12th, 2015, 09:56 AM   #18
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i love the new design... especially those leds...
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Old January 10th, 2016, 02:15 PM   #19
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Quote:
Saturday, 9 January 2016 | MYT 2:59 AM


MRCB gets extra month to meet conditions for RM1.6bil KL Sports City deal


An artist's impression of the Bukit Jalil National Sports Complex after the regeneration works. - Bernama pic

KUALA LUMPUR: The Youth and Sports Ministry has given Malaysian Resources Corp Bhd’s (MRCB) 85%-owned indirect subsidiary Rukun Juang Sdn Bhd another month to fulfill the conditions precedent in the RM1.63bil Kuala Lumpur Sports City deal.

The construction and property firm told Bursa Malaysia that the ministry had agreed to Rukun Juang’s request for an extension from Dec 28, 2015 until Jan 28, 2016 to meet the conditions precedent as set out in the privatisation agreement signed in October.
http://www.thestar.com.my/business/b...rts-city-deal/
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Old January 10th, 2016, 03:23 PM   #20
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Not really keen of the new stadium facade. Look alike penang's SPICE new makeover that turns out not very good in the end. Wish they could make something like 'anyaman tikar' or ketupat pattern that could reflect malaysian identity, considering this is the main stadium for the nation, instead of some meaningless stripes. But the LEDs do look nice
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