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Old April 11th, 2013, 05:20 AM   #1
davidwsk
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KUALA LUMPUR | OSK Tower | 270m+ | 60 fl | App

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Originally Posted by World 2 World View Post



KUCHING: Arkitek KDI Sdn Bhd, in collaboration with Alan Kueh, has won the first prize for OSK Holdings Berhad’s recent Master Planning and Architectural Concept Design Competition.
Both Arkitek KDI Sdn Bhd led by Datuk John KS Lau and Kueh are from Sarawak. It is learned that this was the fourth time Arkitek KDI Sdn Bhd competed in national competition, where they have won a prize each time.
The competition called for an iconic response to a prime site of 2.93 acres in Kuala Lumpur currently occupied by the existing OSK Building and an adjacent vacant plot at Jalan Ampang.
Thirty-four entries were received from across the country under Stage 1 with only five entries shortlisted for Stage 2.
The winning scheme comprises a 60-storey building divided into three components, office/meeting/convention, serviced apartments, and luxury hotel.
Levels 1 to 23 are designated as office space to match the existing OSK Office Building. Both office towers are linked by a minimalist sky bridge on the uppermost office floors, which would facilitate inter-office interaction.
The remaining levels are divided into serviced apartments (180 rooms) at intermediate levels and 6-star luxury hotel (200 rooms) on the highest floors of the building to maximise views.

The total built up area for the tower will be 1.4 million square feet with 900 new car parks. The total estimated cost is RM400 million.
The jury admired the elegant and timeless quality of the winning submission which complements the existing OSK Building design. With consideration given to green technology, sustainability, economical construction methodology and flexible office space, the submission stood out as the most impressive design solution.
The new OSK Tower is intended to be a banking hub for Kuala Lumpur boasting conference and convention facilities on the podium block facing Jalan Ampang.
With the integrated hotel and serviced apartment facilities, it will be the ideal destination for local and international banking communities.

source: http://www.theborneopost.com/2011/10...re-competition


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Originally Posted by rizalhakim View Post
the winner
OSK SQUARE
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Old April 11th, 2013, 05:22 AM   #2
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Quote:
Originally Posted by rizalhakim View Post
The Losers
1.Pakatan Reka Akitek - dey proposed 2 blocks
i like dis 1
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2.Intodesign
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3.Veritas - 65storey(my fav!!!)
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4.???
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Old April 11th, 2013, 05:23 AM   #3
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Old April 11th, 2013, 05:24 AM   #4
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Coming soon...



OSK aims to double profit and focus on financing and property development

11-April-2013



PETALING JAYA: OSK Holdings Bhd expects to double the profit from its other businesses after divesting its investment banking arm to RHB Capital Bhd for RM1.95bil last November.

OSK group founder Tan Sri Ong Leong Huat said the group would concentrate its efforts on its financing business under OSK Capital, and also its property business under OSK Property Holdings Bhd.

He said excluding the investment bank's contribution, its existing businesses made about RM15mil in net profit, adding that their performance would be better this year, as the group made substantial amount of impairments to its balance sheet last year.

“We will also develop the land next to Plaza OSK and make it as a recurring income for the group.

“This commercial and retail project will have a development cost of RM300mil to RM400mil with the gross development value around RM1bil with a net lettable area of one million square feet,” he said after the group's annual general meeting yesterday.


He said the group's current plans would keep the group busy for another one to two years.

He said despite hiving off its investment banking unit, the group would still continue and maintain its dividends payment with profits derived from its 10% equity interest in RHB.

“RHB pays about 35% of its net profit as dividends, and based on that we will be able to get certain amount of money to pay our shareholders.

“The most important thing is we will be able to sustain and continue paying dividends rather than just a one-off payment.

“This has been our group policy, and we have been able to sustain our dividend payment since our listing, and this tradition has to be continued,” he said.

Last year, RHB made RM1.78bil in net profit. Its revenue was RM8.02bil.

Ong said there would be enough money to pay dividends, as OSK Holdings has RM1.5bil in reserves that could be used when needed.

“We will continue to pay dividends in good times and bad times. Last time when we had the investment bank, we needed to preserve a lot of capital for growth.

“Now, as we have hived that off, I think we will be able to provide more for dividends,” he said.

He also said the company does not have any M&A targets in mind yet, as it was still trying to tap its existing businesses and expand them like its financing business/

“Our investment in RHB is a very strategic investment, and as the RHB financial group is the fourth largest banking group in Malaysia, there is a lot of room for growth,” he said.

He also expressed his interest in the real estate investment trust (REIT) business as well, with the development of the commercial property next to the current OSK Plaza.

“We own the land, and this project would take us about three years. Eventually, when the time comes, we will look at the REIT structure, once the project is completed.

“We will have a sizable recurring income asset once it is completed, and we can bundle it with the property business to make it even more sizable,” he said.

Ong said OSK also owns some other recurring assets like commercial properties in Penang and Ipoh.

“We have just completed our M&A with RHB, and it is still too early to jump on the bandwagon and do other things. We will let the whole team settle down, evaluate, and see whether there is any more capital injection needed. Otherwise, we will leverage on this and try to grow our exisiting businesses. We do not want to embark on too many things in one go,” he said.

Source: http://biz.thestar.com.my/news/story...2&sec=business
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Old April 17th, 2013, 06:19 AM   #5
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Any idea who are the structural designer company for this building? Is that possible to share and PM me the detail?
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Old May 16th, 2013, 06:03 PM   #6
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Old May 25th, 2013, 01:30 PM   #7
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It is nothing on site
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two colours... by ahmad sharil @ s'rell, on Flickr
--
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Old May 30th, 2013, 11:25 AM   #8
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Oh Kuala Lumpur by Arief Rasa, on Flickr
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Old June 2nd, 2013, 07:01 PM   #9
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By Veritas


http://www.youtube.com/watch?v=CpmRbarRM2w
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Old June 13th, 2013, 12:14 PM   #10
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Site as of 13 June 2013

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IMG_6958 by ujai_didida, on Flickr
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Old June 18th, 2013, 01:38 PM   #11
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^ So that low 2 floor building will have to go? That won't be missed.
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Old June 18th, 2013, 04:43 PM   #12
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ya probably, but the current tower will get facelifted
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Old June 20th, 2013, 01:02 PM   #13
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so which one is the final rendering?
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Old June 20th, 2013, 02:56 PM   #14
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The first post under the Winner
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Old January 11th, 2014, 05:06 PM   #15
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Hoarding is up... Works to be started soon..

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Old January 11th, 2014, 10:19 PM   #16
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Nice! It's a shame that the Malaysian government is so crazy and persecutes Christians.
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Old January 12th, 2014, 12:00 AM   #17
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Nice! It's a shame that the Malaysian government is so crazy and persecutes Christians.
Well, there is a pretty strong Muslim influence there, so I'm not surprised.
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Old January 12th, 2014, 03:31 AM   #18
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Not all Muslims are like that. Many of The native Malays are somewhat nutty and persecute Malaysian Chinese and Indians too.
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Old January 12th, 2014, 04:10 AM   #19
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you're wrong. The government gives ill-treatment to everyone that against them, but the economy is working, so people never really revolt. Muslims, Christians, yellow or brown, Malaysians of different faiths and colors remain united despite all odds. I'm so proud of them. Time of change for the better will come. Everyone believes so.
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Old January 12th, 2014, 02:19 PM   #20
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12 Jan 2014

Work in progress to clear the OSK Extension plot...

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