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Old July 14th, 2008, 06:32 AM   #1
pedang
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VORTEX (FORMER MULPHA TOWER) | Kuala Lumpur ( Jalan Sultan Ismail ) | 58 fl | U/C

Mulpha Land plans four new high-end projects
By S.C. CHEAH


Schemes in KL have total GDV of RM500mil

MULPHA Land Bhd will be launching four new high-end projects in Kuala Lumpur over the next two years with a total gross development value (GDV) of RM500mil.

They include three residential projects in Ampang, Bangsar, and Bukit Tunku and an office tower in Jalan Sultan Ismail.

Mulpha International Bhd executive chairman Lee Seng Huang said the very high-end Bukit Tunku development on 2.5-acre freehold land, would have bungalows priced around RM15mil each.

“We will build only eight bungalows of 10,000 sq ft to 12,000 sq ft built-up area. We plan to launch the project in the fourth quarter of this year or next year. It will be a special product. We have not given it a name yet as we want to get everything right first,” Lee told StarBiz.

As for the Bangsar project (opposite Tivoli Villas), he said only seven units of three-storey bungalows priced at RM9mil to RM10mil would be built in the gated and guarded community.

It will have a lot size of 7,576 sq ft to 8,012 sq ft and built-up area from 8,510 sq ft to 9,588 sq ft.

“This is about S$4mil which probably can’t buy you a penthouse in Singapore. Malaysian property is relatively cheaper than other countries,” he said, adding that each bungalow would have a unique design.

The 1.54-acre freehold, gated and guarded development with a Green Architecture Concept, is located at Jalan Medang Tanduk in Bangsar. The main commercial centre of Bangsar Baru, Bangsar Village and Bangsar Shopping Complex are within 500 metres radius.

Features will include open Garden Spine with water features, individual lap pool with koi pond, and private glass lift for each unit with four to six car parking bays.

Each bungalow will also have a solar heater, jacuzzi, water filter, AV room, WiFi, chauffeur’s room, workshop and a garden yard/roof storage areas among others.

Another upmarket development is the Raintree Residence, opposite the Raintree Club at Jalan Wickham in the diplomatic enclave of Ampang Hilir and U-Thant. Kuala Lumpur City Centre is about 3km away.

It will have 12 units: four units of five bedroom duplex penthouses (3,691 sq ft) priced at RM4.4mil each or RM1,200 psf, and eight units of four-bedroom apartments (2,000sq ft) priced at RM2mil each or RM1,000 psf.

Each unit comes with a Raintree Club membership.

Lifts will open to the private foyer of each unit that will be fully fitted with interior built-ins and selected electrical appliances. Standard units are given two parking bays each while penthouses get four bays each.

Facilities include a swimming pool, two security guardhouses, gymnasium and two lifts serving each unit.

Lee said the project, to be launched soon, would target people who did not want to live in a big house after their children had grown up and moved elsewhere.

Mulpha will also build a Class “A” Green office building called 12 Jalan Sultan Ismail. The 23-storey building with four basement-parking levels has a lettable area of about 270,000 sq ft. It fronts Jalan Sultan Ismail and also Lorong Perak (opposite Shangri-La Hotel).

Lee said the land, bought in 1996 for about RM1,000 psf, had probably doubled in value now. The GDV is RM350mil.


“We are holding it for rental income. Renowned New York architects Kohn Pedersen Fox who designed the Shanghai World Financial Centre, The Pinnacle in Britain, and Roppongi Hills Mori Tower in Tokyo is the designer. It will be the first Kohn Pedersen Fox building in Malaysia,” he said, adding that there was still good demand for quality office space in Kuala Lumpur

Lee, who spends most of his time abroad to seek out the “vast opportunity overseas” said Malaysia faced stiff competition from other countries and needed to do things faster with less red-tape.

Although he shares the same concern with other industry players over rising fuel prices, Lee believes that Mulpha’s products would be able to sell as they are very niche and the company is resilient.

On its 474ha award-winning Sanctuary Cove on Queensland’s Gold Coast, Lee said sales had been very good and the whole area was one of the fastest growing in the region.

He said there were still 600 to 700 bungalow lots to sell. Some of the lots would be sold with houses.

“We have not started on the apartments. There is a village with a community centre. The hotel zone will take at least another 10 years to develop,” he added. Sanctuary Cove achieved A$80mil (about RM250mil) sales last year.

Mulpha Land Bhd is the property arm of the Mulpha group and is listed on the second board of Bursa Malaysia. Its flagship Leisure Farm Resort in Johor has won many property awards including two FIABCI Malaysian Chapter awards.
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Old July 15th, 2008, 03:44 AM   #2
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23storey office tower in jalan sultan ismail....dats suck....

Last edited by rizalhakim; July 16th, 2008 at 05:50 AM.
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Old July 16th, 2008, 05:52 AM   #3
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Menara Mulpha, a new 23-storey Grade A office tower development, located within the ‘Golden Triangle’ of the city centre of Kuala Lumpur, is targeted to be launched in the 3rd quarter of 2008.

Designed by the world-renowned New York architects Kohn Pederson Fox, Menara Mulpha has a lettable area of approximately 270,000 sq. feet.

Situated along Jalan Sultan Ismail, one of the highly sought after locations, Menara Mulpha is located within walking distance to the city’s prime office buildings, international class hotels, shopping complexes and high-end condominiums.

Offering accessibility to Kuala Lumpur via Jalan Ampang, Jalan P. Ramlee and Jalan Sultan Ismail, Menara Mulpha is a mere 5 minutes drive to KLCC.
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Old July 16th, 2008, 05:55 AM   #4
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image hosted on flickr


doesnt look so bad...shud be taller coz of the location and the grade A title... shud be atleast 40storey....

i think the location will be at the disco area in Jln PRamlee/Sultan Ismail.
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Old July 16th, 2008, 09:16 AM   #5
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nice...

but i think Jln P Ramlee and some part of Jln Sultan Ismail should be remain as clubbing area. KL inner city has to be much livelier than what it is today...
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Old July 16th, 2008, 09:34 AM   #6
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doesnt look like a 23storey huh? i count it and its almost 40storey...





in4 taken from http://www.mulpha.com.my
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Old July 16th, 2008, 01:30 PM   #7
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Good looking, its not 23, its like 38 or 39 storeys. Are they trying to trick us?
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Old July 16th, 2008, 03:21 PM   #8
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Just like Millenium Bangkok & Jasper Shanghai!
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Old July 29th, 2008, 10:44 AM   #9
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Old July 29th, 2008, 10:46 AM   #10
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im confused.....cant be 23storey right...so tall lah dis 1..., maybe 40storey tall...even the project exec also cant confirmd anytin....blur lah!!!

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Old July 29th, 2008, 10:53 AM   #11
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Old July 29th, 2008, 10:56 AM   #12
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Old July 29th, 2008, 11:14 AM   #13
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location ?

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Old July 29th, 2008, 11:15 AM   #14
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dekat club2 depan shangrila hotel, earlier they proposed a luxury condo!!!
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Old July 29th, 2008, 11:17 AM   #15
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Old July 29th, 2008, 11:21 AM   #16
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Old July 29th, 2008, 11:41 AM   #17
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Old July 29th, 2008, 01:15 PM   #18
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Old July 30th, 2008, 05:12 AM   #19
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where exactly??? looks like at the corner of Jalan Ampang n Sultan Ismail
between Prudential and Espanda club issit? i tot those areas built up with businesses already like next to KFC is a newly built merz showroom, opposite Espanda is Nova club etc

and i guess 30storey!
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Old July 30th, 2008, 05:17 AM   #20
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Quote:
Originally Posted by rizalhakim View Post
dekat club2 depan shangrila hotel, earlier they proposed a luxury condo!!!
Do u mean this one >> http://www.skyscrapercity.com/showth...=373127&page=2
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