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Old March 10th, 2014, 06:35 PM   #1
davidwsk
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KUALA LUMPUR | Pavilion Damansara Heights | 200m+ | 50 fl+ | Prep

Updated: April 25, 2015

New Project Name: Pavilion Damansara Heights
Developer: Malton
Project Type: Mixed Development


Quote:
Originally Posted by davidwsk View Post
The New Metropolis of Damansara Heights

Pavilion Damansara Heights is crafted by the Pavilion Group and designed by world renowned Leonard Design Architects
It comprises the Pavilion retail galleria, service residences, premier residences and corporate towers that are now exclusively offered as a blue-chip investment opportunity



http://www.paviliondamansaraheights.com/

Last edited by sieradzanin1; May 1st, 2015 at 01:04 PM.
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Old March 10th, 2014, 06:38 PM   #2
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New render:

Quote:
Originally Posted by patchay View Post

Last edited by davidwsk; April 25th, 2015 at 05:12 PM.
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Old March 13th, 2014, 02:50 PM   #3
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That old design looks pretty cool as well.
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Old March 19th, 2014, 05:07 PM   #4
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Originally Posted by Eric Offereins View Post
That old design looks pretty cool as well.
yup but height increased now...Waiting for the latest render...and will be out soon
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Old April 22nd, 2014, 04:44 PM   #5
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Originally Posted by davidwsk View Post
New benchmark for office space, Pusat Bandar Damansara at RM1,200 range
Posted on April 21, 2014

BY THEAN LEE CHENG


The nine office blocks in Pusat Bandar Damansara have been scheduled to be demolished in the third quarter of 2014. Lim owns two pieces of land there.

PETALING JAYA: Datuk Desmond Lim Siew Choon, who is planning to demolish and rebuild a mixed integrated development in Pusat Bandar Damansara (PBD), seems to have set a benchmark for office space in that area at between RM1,000 and RM1,200 per sq ft, sources said. The first phase of the office block is expected to be completed in three to four years.

The 9.58-acre parcel, one of several in that area, is the current site of nine office blocks of six and seven storeys high.

A source said the price range seemed “reasonable” in spite of the oversupply of office space.

Another consultant Siders Sittampalam, managing director of PPC International Sdn Bhd, said a more reasonable range would be RM1,000-RM1,100 per sq ft.

The scenario of Lim setting a benchmark for PBD office space has come about as a result of Impian Ekspresi Sdn Bhd offering to buy out owners of 25 parcels of properties there. Impian Ekspresi, a vehicle Lim indirectly controls, is the owner and developer of PBD.

Lim, best known for shopping mall Pavilion Kuala Lumpur, is also the executive chairman of Malton Bhd and chairman of Pavilion Reit.

It is believed that a few of the owners are resisting the move while the majority are agreeable, sources said.

Lim has fought a long legal battle with Johor Corp (JCorp) over the prized PBD development.

When it was finally resolved in September 2013, tenants in PBD were given monthly tenancy contracts. The buying-out of the 20 odd owners is seen as the last hurdle to empty the area for demolition works to begin in the third quarter of this year.

The nine blocks will be reduced to rubble on a staggered basis over a period of about one year. Most of the tenants have terminated their contracts. “Tenants have ‘terminated’ the contracts themselves and some of the owners have been paid,” a source said.

Sources said the owners have been offered “less than RM1,000 per sq ft” for their properties.

“They will be able to buy the new units at about the same price they sold their existing parcels as a sort of concession. Any additional space will be sold at between RM1,000 and RM1,200 per sq ft, or the prevalent market rate,” a source said.

Siders said a reasonable rate would be between RM650 and RM700 per sq ft as the buildings are old. It is uncertain if the owners, about 20 of them, were offered the same price for their parcels.


The new mixed integrated development, comprising serviced apartments, offices and a hotel, is expected to be built over a period of five to six years. There is a likelihood some of the offices may be completed earlier, sources said.

Lim paid cash RM500mil and conducted an asset exchange for this 9.58-acre site.

The asset exchange comprised some office space to be built in the new redeveloped PBD and an existing 20-storey commercial office building at V [email protected] City Centre in Petaling Jaya.

There have been comments by certain parties that Lim got the 9.58 acres at a good price as he did not have to fork out much cash because of the asset exchange whereas he paid a premium for an adjacent parcel of 6.34 acres in the same area last March.

This second parcel is closer to the Bangsar-Jalan Damansara intersection.

Lim bought it via Jendela Mayang Sdn Bhd, a company linked to him. He paid RM450mil for that parcel, or RM1,628 per sq ft. Selangor Properties Bhd (SelProp) was the vendor.

Sources said it was not possible to compare the prices paid for the two pieces of land although they are located in the same area and adjacent to each other because Lim would have to pick up the tab for demolishing the nine structures. The second piece is currently used as a public car park.

Lim is expected to build shopping mall Pavilion 2 on the former car park land and connect it to the Pusat Bandar Damansara MRT station which is currently being built over the Bangsar-Jalan Damansara intersection.

C H Williams, Talhar & Wong managing director Foo Gee Jen said Lim’s interest in PBD was not just about land, although that was an important factor.

“It is about refurbishment, increasing plot ratio and the MRT right at your door step.

“That is what (Desmond) Lim is paying for when he paid a premium for the second piece of land.

“It is about connecting Pavilion KL to Pavilion 2 via 10 minutes by rail and in time to come, his third mall in Bukit Jalil, which will also be connected by rail,” said Foo. “The MRT is the premium which cannot be translated into a per sq ft basis,” Foo said.

He said the beauty of that 9.58 acres is that it is S-shaped. He can demolish all or part of it and do a hybrid but he will have to improve the basement parking, according to Foo.

SelProp built PBD in the 1980s with a plot ratio of four. Lim is expected to increase that to 7.5 or 8.


http://www.starproperty.my/index.php...-rm1200-range/
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Old April 25th, 2015, 05:09 PM   #6
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http://mymrt.com.my/cms/upload_files...an15/e_14a.jpg

http://mymrt.com.my/cms/upload_files...an15/e_14b.jpg

mymrt.com.my
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Old April 25th, 2015, 05:13 PM   #7
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Phase 2




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Last edited by davidwsk; February 24th, 2017 at 11:26 AM.
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Old April 25th, 2015, 05:17 PM   #8
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Quote:
Malton gets RM703m construction works for Pavilion Damansara Heights



By Supriya Surendran / theedgemarkets.com | April 24, 2015 : 7:15 PM MYT



KUALA LUMPUR (Apr 24): Malton Bhd ( Financial Dashboard) has bagged a construction job worth RM703 million from Impian Ekspresi Sdn Bhd, which is indirectly controlled by Malton executive chairman Tan Sri Lim Siew Choon, for the Pavilion Damansara Heights project.

In a filing to Bursa Malaysia today, Malton (fundamental: 1.1; valuation: 2) said its wholly owned unit Domain Resources Sdn Bhd accepted a letter of award from Impian Ekspresi today pertaining to construction works involving the clearance, demolition, foundation, retaining wall system, basement car parks, retail podium and infrastructures at Lot 54325, Jalan Damanlela, Pusat Bandar Damansara (PBD), Kuala Lumpur.

Impian Ekspresi is the owner and developer of the 9.58 acres Pavilion Damansara Heights project.

The Pavilion Damansara Heights project, crafted by Lim’s Pavilion Group, is set to be the new metropolis of Damansara Heights, and comprises the Pavilion retail galleria, service residences, premier residences and corporate towers, according to its website.

Malton said a contract to formalise the scope and value of the construction works will be entered into between Domain Resources and Impian Ekspresi in due course.

The deal is regarded as a related party transaction. Malton’s shares closed down 1.5 sen or 1.59% today to 93sen with a market capitalisation of RM423.75 million.
http://www.theedgemarkets.com/en/art...?type=Property
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Old November 2nd, 2015, 03:39 AM   #9
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Demolishing the old government building

from dengilo
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Old December 7th, 2015, 01:43 AM   #10
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Taken on 5/12/2015:


picture upload


image ru
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Old February 9th, 2016, 05:37 AM   #11
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Jan 2016

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Originally Posted by fizomilan View Post






taken from my office
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Old March 27th, 2016, 06:05 AM   #12
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Phase 2 proposal

Quote:
Originally Posted by j0hn____ View Post
Damansara Town Centre Phase II by : Pavilion Group

https://www.facebook.com/KL-Lifestyl...89069/?fref=ts





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Old February 24th, 2017, 11:25 AM   #13
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U/C
Quote:
Econpile clinches single-largest ever contract of RM570.4 mil

By Shawn Ng / TheEdgeProperty.com | February 22, 2017 6:40 PM MYT
432

Raymond PangPETALING JAYA (Feb 22): Piling and foundation specialist Econpile Holdings Bhd (Econpile) has won a contract worth RM570.4 million to carry out piling and substructure works for Pavilion Damansara Heights.

Awarded by Domain Resources Sdn Bhd, the contract is the single-largest contract in Econpile’s 30-year history as it eclipses the previous record contract win of RM280 million, according to a press release today.
http://www.theedgeproperty.com.my/co...act-rm5704-mil
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Old February 24th, 2017, 11:26 AM   #14
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http://www.mymrt.com.my/cms/upload_f.../jun16/e9a.jpg


https://www.facebook.com/search/top/...=1482405035226

https://www.facebook.com/search/top/...=1482405035226
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Old March 24th, 2017, 10:23 AM   #15
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Interesting project. I liked the implementation. Fascinatingly)
mythdhr

Last edited by owlowl051; April 5th, 2017 at 12:58 PM.
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Old August 1st, 2017, 01:35 PM   #16
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Move to the U/C thread, please
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Old September 27th, 2017, 04:05 PM   #17
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gonna start soon

Quote:
Originally Posted by nazrey View Post
Econpile won RM18m piling job at Pavilion Damansara Heights
By NST Business - September 20, 2017 @ 9:47pm


https://www.nst.com.my/business/2017...ansara-heights
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Old October 19th, 2017, 04:15 PM   #18
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Oct 2017

U/C

IMG_8313 by Koko Krunch, on Flickr
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