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Supertalls Discussions of projects under construction between 300-599m/1,000-1,999ft tall.
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Old December 28th, 2013, 08:46 PM   #81
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agree, foster or hamzah are the best, but they can't really go wrong with any of the designs, they are all good. the last one is a bit weird, but certainly the most unique one which makes up for that.
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Old December 29th, 2013, 07:13 AM   #82
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another proposed design...

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Old December 29th, 2013, 07:18 AM   #83
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now we have the complete list of 5 finalists, down from 12 previously
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Old December 29th, 2013, 07:30 AM   #84
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hijjaz kasturi is my fav.. look "malaysia" in very modern way..

how about this design?not finalist?


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Old December 29th, 2013, 08:06 AM   #85
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now we have the complete list of 5 finalists, down from 12 previously
there no design from all 5 finalist that able to be considered as iconic. the proposed design by som and hijaz looks boring but the dp proposed design is quite unique but the shape is ugly.
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Old December 29th, 2013, 08:40 AM   #86
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tell that to 1MDB, not me

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how about this design?not finalist?
don't think so buddy. REX website says only 5 designs were selected as the finalists, and at tnbuilt.com only these 5 models for TRX were showcased. So I guess they are the real finalists after all.

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Old December 30th, 2013, 06:57 AM   #87
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.R. Hamzah & Yeang design typical of Maybank Tower for me
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Old January 17th, 2014, 08:16 AM   #88
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image hosted on flickr
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Old January 27th, 2014, 07:30 AM   #89
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image hosted on flickr

http://www.flickr.com/photos/smartfirecat/12133944486/
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Old February 7th, 2014, 01:20 PM   #90
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http://www.flickr.com/photos/rh89/12307595595/
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Old February 18th, 2014, 07:17 AM   #91
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5 finalist



from Greater KL fb
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Old February 18th, 2014, 10:52 AM   #92
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I like the first 3 and i believe the 2nd and 3rd towers are underrated.
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Old February 18th, 2014, 02:40 PM   #93
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i like all of them, but would like the more unique designs most
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Old February 18th, 2014, 03:24 PM   #94
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Number 3 wins in massiveness. That one will look huge in real life!
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Old February 19th, 2014, 02:31 AM   #95
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Number one or three.
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Old February 24th, 2014, 02:14 PM   #96
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Site location: Cleared land @ the Far right

Feb 23, 2014

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Old February 24th, 2014, 04:22 PM   #97
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LOVE number 2! But could imagine the final result of that building looking nothing like it...
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Old March 13th, 2014, 03:48 PM   #98
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Old March 15th, 2014, 06:32 PM   #99
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Old March 15th, 2014, 06:33 PM   #100
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Over RM3,000 psf for Tun Razak Exchange land
First Published: 12:53pm, Feb 12, 2014
Last Updated: 12:53pm, Feb 12, 2014



fz.com

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) is setting a reserve price of above RM3,000 per sq ft (psf) for its flagship Tun Razak Exchange (TRX) development, given the recent highs fetched within the central business district, a source told The Edge Financial Daily.

Assuming a sale price of RM3,000 psf and a developable area of 60% for the 70 acres (28.33ha) of prime land, TRX could be revalued at RM5.49 billion. As at March 31, 2012, the land was valued at RM1.78 billion on 1MDB’s books. The government-linked investment company bought the land from the government for RM320 million (or RM105 psf), according to media reports.

While there are already two transactions which have reached such soaring prices in Kuala Lumpur’s central business district — Singapore’s Oxley Holdings bought a Jalan Ampang plot in November at RM3,325 psf and KSK Group Bhd acquired a tract near Jalan Conlay in December at RM3,299 psf — investors who are keen to buy a plot at TRX, which is meant to be an international financial hub, would have to pay a similarly high price, if not higher.

Oxley acquired the Jalan Ampang plot before securing the necessary approvals for development. TRX plots, on the other hand, come not only with approvals, but with wide-ranging incentives such as tax breaks, allowances, cost deductions, and stamp duty exemptions.

In December, 1MDB said it was seeking investors to develop Stage 1 of TRX, consisting of a signature tower, up to five residential towers and two five-star hotels and a retail mall. It plans to continue holding equity interest in the majority of TRX’s developments through joint ventures. To date, it has announced only one partnership, with China’s EXIM Bank to develop the signature tower.

However, many local developers and the public have expressed concern that the state-backed mega-project would sponge off demand for offices in the surrounding area.

Asset revaluations come rather often in 1MDB, to the extent that opposition leaders have called the state investor’s profits “paper gains”.

It bought the 70 acres from the government for RM320 million (or RM105 psf), according to media reports, and had by March 2010 revalued it to RM820 million. By 2012, it revalued it again at RM1.78 billion. The company would not be financially sound if not for such revaluations as well as loan injections, says Pakatan Rakyat.

Any significant revaluation to TRX would prove a boon to the debt-laden company. Its gearing ratio as at March 31, 2012 stood at 7.24 times.

According to media reports, it used US$1 billion (RM3.49 billion then) of the proceeds to invest in a joint venture with PetroSaudi International Ltd, a privately owned oil company. The following year, it sold its 40% stake in the venture to PetroSaudi for US$1.2 billion. However, the sale was not paid for in cash but in a bullet bond expiring in 2021 with an interest rate of 8.67%. 1MDB then lent a further US$500 million to PetroSaudi in another bullet bond expiring in 2015. – theedgemalaysia.com

http://www.theedgemalaysia.com/highl...-trx-land.html
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