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Old November 9th, 2013, 02:57 PM   #61
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oh ok.. i wait)
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Old November 10th, 2013, 12:31 AM   #62
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is it just me or does it look like a tinier version of the shanghai tower?
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Old November 10th, 2013, 02:45 AM   #63
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it looks quite different, but has a lot of similarities for sure
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Old November 13th, 2013, 02:18 AM   #64
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Quote:
[IMG]http://www.**************/show/2013/11/05/06/19/9788878_1068x1509.png[/IMG]
http://www.trx.my/

http://www.mymrt.com.my/cms/upload_f...ug13/u_26a.jpg
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Old November 17th, 2013, 08:20 AM   #65
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Originally Posted by nazrey View Post
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Old November 17th, 2013, 08:54 AM   #66
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Originally Posted by KillerZavatar View Post
the post above you has a time shedule, looks like construction is set to begin in ~10-11 months
Yes. TRX Project must be completed irregardless of any obstacles.
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Old December 7th, 2013, 03:28 PM   #67
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Islamic banking expected to 40% of Malaysia’s financial sector by 2020


Frank Kane

December 7, 2013 Updated: December 7, 2013 14:36:00

Islamic financial business is at the heart of the Tun Razak Exchange (TRX) project, with some experts calculating that Sharia-compliant transactions could account for up to half of the business that will go through the new centre when it is complete.

Dato’ Azmar Talib, the chief executive of 1 Malaysia Development Berhad (1MDB), the real estate business overseeing the project, says Islamic banking comprises about a quarter of Malaysia’s domestic financial market in terms of assets and financing, but this is expected to reach 40 per cent by 2020, when TRX will be well developed.

“We intend to use Malaysia’s strengths, particularly in Islamic finance, to provide the infrastructure that will enable innovation, attract skilled talents and promote ease of doing business in the sector,” he says.

Others are even more positive about Kuala Lumpur’s potential in the global race to build the leading Islamic financial market. Many analysts believe the competition will come down to a three-way pull between KL, Dubai and London.

Malaysia has longevity on its side, and a developed domestic market. About 60 per cent of primary market sukuk (Islamic bond) issuance was in KL in the first half of this year.

Mohammad Daud Bakar, the chairman of the Sharia Advisory Council of Malaysia’s central bank, says the country has advantages in Islamic finance, such as a developed pensions funds industry, takaful (insurance) and long-term project finance.

“We have established private Islamic ratings agencies that vet the sukuk, and we are the only country with a Sharia-compliant equivalent of the American mortgage firms like Freddie Mae,” Mr Bakar says.

But despite the strength of the domestic industry, Malaysia faces some challenges in the international market. “Around 90 per cent of our issuance is in local currency, so we don’t trade in London. Malaysia has never issued any global sukuk. London uses hard currency, and has deep pockets of dollar reserves, which we do not,” he adds.

“But I believe the UAE will be a leader in this market in the future. It has dollar reserves and will be in a position to take business from London.”

Mr Bakar also points to the potential of the Saudi market. “It is booming because of all the infrastructure that needs to be financed there. It’s a booming market and will probably overtake KL in terms of value of issuance, if not volume,” he says.


Read more: http://www.thenational.ae/islamic-ba...#ixzz2mnN8F4kZ
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Old December 7th, 2013, 03:30 PM   #68
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Flagship financial centre starts to take shape in Kuala Lumpur



Frank Kane

December 7, 2013 Updated: December 7, 2013 15:03:00


Read more: http://www.thenational.ae/business/i...#ixzz2mnNnF7OO
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From the dizzying heights of the Petronas Towers observation deck, in the heart of bustling Kuala Lumpur, you can easily make out the site.

Adjoining the existing central business district, right beside the main airport road, is a 700-acre plot of levelled land with a 20 metre-deep hole and some serious-looking diggers in the middle of it.

If all goes to plan, in perhaps 14 years that construction site will be a glittering new financial centre, with the office buildings, retail facilities and leisure and lifestyle options to rival the great Asian financial hubs of Hong Kong and Singapore.

It will also be an Islamic hub, reflecting Malaysia’s existing status as one of the key centres for Sharia-compliant business in the world.

The Tun Razak Exchange (or TRX – it is named after a former Malaysian prime minister) hopes to be to KL what Canary Wharf is to London, or Battery Park to New York: a world- class financial district.

The man in charge of the development is Dato’ Azmar Talib, the chief executive of the real estate business of 1 Malaysia Development Berhad (1MDB), a strategic development company owned by the government which has some of the attributes of a sovereign wealth fund.

“Policymakers have identified Malaysia’s financial sector as being ripe for expansion,” says Mr Talib. “TRX is a strategic response to this and aims to help Malaysia realise its potential as a regional and, indeed, a world-class financial hub.”

Building a world-class centre from scratch is a challenge that requires world-class help, and 1MDB has gone for some of the top experts, including a big input from the UAE and the Arabian Gulf.

Khaldoon Al Mubarak, chief executive of Abu Dhabi’s Mubadala Development, sits on its advisory board alongside global business leaders like Bernard Arnault, chairman of the luxury brands group LVMH and Chang Zhenming of Citic Group, the Chinese strategic investment company.

There are other UAE connections. Aabar Investments, the diversified investment company owned by the Government of Abu Dhabi, is a financial partner of 1MBD at a senior level; and executives working on the TRX project admit some parts of its design were influenced by the UAE capital’s development of a business hub on Al Maryah Island.

The project is a central part of Malaysia’s economic transformation plan, the strategy designed to enhance the country’s economy up to the year 2020.

When TRX was launched last year, the Malaysian prime minister Najib Razak said: “The government will go out of its way to ensure that the exchange is a success.”

International investors are studying an information memorandum recently sent out by 1MDB to attract financial commitment to the project, estimated to have a gross development value of about US$8 billion.

Potential investors are offered a range of tax breaks, rental allowances and other incentives to attract them into the project, especially the crucial first phase on which construction has already begun. (That 20-metre deep hole visible from Petronas is the groundwork for the gigantic metro station that will serve the TRX.)

1MDB would like to attract a range of investors to help fund and participate in the project; executives speak of perhaps six as the optimum number.

Any global institution would have to resolve some tricky strategic questions before deciding to put hard dollars into the scheme: does KL have the potential to carve a place for itself among the competitive financial marketplaces?

Will the Malaysian economy prove to be, on a macro level, the best place for their investment? And what are the prospects for the overall KL real estate market when such a big development as TRX begins to come on stream.

The country has been growing its financial services, and especially Islamic finance, for the past two decades. But it is still behind its two big regional competitors, Singapore and Hong Kong.

Mr Talib says: “We foresee TRX leveraging on Malaysia’s current strengths and strategic location to complement the more established financial centres in the region”

The Malaysian economy came through the financial crisis better than many of the world’s economies, and has averaged about 7 per cent per year over the past 25 years. In 2012, Malaysia was ranked 12th in the tables of “most attractive destinations” for foreign direct investment. Its economy is expected to get a boost, along with others in South East Asia, when the regional Economic Community – a kind of Asian EU – is set up in 2015.

Some property experts in KL worry that there is an oversupply of commercial office space, and there is evidence of that in a number of vacant buildings in the central business district where there is spare capacity, especially among older buildings

But Foo Jee Gen, managing director of one of the biggest property agents, CH Williams Talhar and Wong, says this is merely proof of the pent-up demand among multi-national customers seeking premium buildings, exactly what TRX is offering.

The TRX is an ambitious project, but it is winning supporters. One management consultant, who wished to remain anonymous, said: “I was incredulous of the overall plans when I first saw them last year, but now I believe it is a credible programme of economic change. It will be tough to compete with Hong Kong and Singapore, but I believe in TRX as an alternative business district within an expanding economy.”

[email protected]


Read more: http://www.thenational.ae/business/i...#ixzz2mnNw4wRo
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Old December 7th, 2013, 03:30 PM   #69
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Nice!
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Old December 7th, 2013, 03:45 PM   #70
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Originally Posted by nazrey View Post
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Old December 19th, 2013, 02:58 PM   #71
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Originally Posted by davidwsk View Post
Published: Thursday December 19, 2013 MYT 5:23:00 PM
Updated: Thursday December 19, 2013 MYT 5:25:03 PM

TRX invites investors to become partners

KUALA LUMPUR: 1MDB Real Estate Sdn Bhd (1MDB RE) has invited qualified investors to submit proposals for Stage 1 of The Tun Razak Exchange (TRX).
In a statement today, 1MDB RE said for Stage 1, components included four office towers, including a signature tower, up to five residential towers, up to two five-star hotels and a retail mall.
"1MDB RE looks forward to both joint-venture partnership opportunities and outright plot sales," it said.
For the majority of the TRX development, 1MDB RE said it would continue to hold equity interests through joint ventures.

"The land sales, meanwhile, will be considered on a case-by-case basis and will be subject to the masterplan," it said.

Chief Executive Officer of 1MDB RE, Datuk Azmar Talib, said the company was looking forward to work with world-class investors and institutions.

Spread over 28 hectares of prime freehold land minutes from the Petronas Twin Towers, TRX is a key step towards the goals of the government's Economic Transformation Programme to turn Malaysia into a high-income economy by 2020. - Bernama


http://www.thestar.com.my/Business/B...-PARTNERS.aspx
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Old December 19th, 2013, 02:58 PM   #72
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Quote:
Originally Posted by W3raq View Post
update video - High Definition




http://www.youtube.com/watch?v=PgXaRBAzjrg
https://www.trx.my
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Old December 21st, 2013, 11:28 AM   #73
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1MDB seeks investors for TRX project


21 Dec 2013

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), which is wholly-owned by the Federal government, is seeking investors to jointly develop a large portion of the 70-acre (28.3ha) Tun Razak Exchange (TRX) project in Jalan Tun Razak, Kuala Lumpur.

Its wholly-owned unit, 1MDB Real Estate Sdn Bhd (1MDB RE), said in a statement yesterday that it had invited qualified investors to submit proposals for stage one of the TRX. This includes four office towers, up to five residential towers, up to two five-star hotels and a retail mall.

1MDB RE said it looks forward to both joint venture (JV) partnership opportunities and outright plot sales, with the former being its priority.

“For the majority of the TRX development, 1MDB RE plans to continue holding equity interest through joint ventures. The land sale will be considered on a case-by-case basis and will be subject to the master plan,” it said.

1MDB RE has appointed real estate advisers CBRE and CH Williams Talhar & Wong to scout for JV partners and plot sales respectively. In August, the Export-Import Bank of China (Exim Bank of China) and 1MDB inked an agreement to jointly develop TRX’s landmark tower.

To appease the concern of a glut in office space, 1MDB RE yesterday reiterated that TRX has a development period of up to 20 years, and will be built in “demand-driven phases”. The initial phase of construction is slated for completion in 2017.

The project, expected to be the next financial district, has an estimated total gross development value (GDV) of RM26 billion and is likely to draw 250 international financial services companies and offer 40,000 knowledge and skilled jobs.

To attract investors, the government had previously said it would provide certain benefits to companies based in the TRX. They include income tax exemption for 10 years, stamp duty exemption, industrial building allowance and accelerated capital allowance for TRX marquee-status companies.

Such incentives have drawn negative comments from rival developers, claiming that the government is giving unfair advantage to TRX.

According to bankers, the commencement of the TRX project is expected to raise fresh capital and generate additional cash flow to help 1MDB meet its debt obligations of some RM38 billion.

While the bulk of 1MDB’s debts is secured via a slew of power assets, acquired from tycoon T Ananda Krishnan and the Genting group, the bone of contention remains its first RM5 billion bond, which was issued in 2009 and guaranteed by the government.

Opposition lawmakers have been questioning the first bond involving some oil and gas ventures overseas, claiming there is not much update on the investments.

It was reported recently that 1MDB had considered selling RM1.5 billion sukuk to fund the relocation of an air force base in Sungai Besi in Kuala Lumpur. The company has secured the rights from the government to redevelop the Sungai Besi site into a multi-billion real estate project, under a condition that it will pay for a new military base in Negeri Sembilan.



Site view of Tun Razak Exchange by 1 MDB at Jalan Tun Razak.

More: THE EDGE http://www.theedgeproperty.com/news-...x-project.html
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Old December 28th, 2013, 02:24 PM   #74
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proposed model for trx signature tower...

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Originally Posted by realitybites-u View Post
TRX iconic tower competition...

Architect : T.R. Hamzah & Yeang Sdn Bhd


Veritas Architects / SOM





http://tnbuilt.com/v3/
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Old December 28th, 2013, 02:25 PM   #75
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Foster & Partners / GDP Architects Sdn Bhd





http://tnbuilt.com/v3/media/index/137
...
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Old December 28th, 2013, 02:26 PM   #76
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...
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Old December 28th, 2013, 05:06 PM   #77
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T.R. Hamzah & Yeang for me, we still don't have such a tower in Malaysia thus far. The one by Veritas is just a smoother version of Petronas, and the entry by DP Architects feels too HK-ish (at least to me). Foster & Partners' entry is unexpectedly too boring.
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Old December 28th, 2013, 05:10 PM   #78
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Well this project will definitely won't fall flat. It will happen one way or another.
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Old December 28th, 2013, 05:20 PM   #79
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this gif below shows Equator Tower's retractable sun shade



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REX is pleased to unveil Equator Tower. The 80-story, 173,000 m² (1,860,000 sf) tower is comprised of offices and related amenities, including auditoria, bar, banquet halls, cafeterias, executive clubs, gift shop, meeting rooms, prayer halls, restaurants, retail, and sky terraces, and is wrapped in an external, retractable sun shade.
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Old December 28th, 2013, 08:39 PM   #80
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I like them all!
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