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Old November 5th, 2016, 06:38 PM   #1
davidwsk
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KUALA LUMPUR | CREC Regional HQ | 450m+ | 80+ fl | Pro

Project Name: CREC Regional HQ
Floor count: 80 ~ 90 fl
Categories: Commercial
Developer:
- Ministry of Finance (MoF) - previously 1mdb
- Iskandar Waterfront Holdings Sdn Bhd (IWH)
- China Railway Engineering Corp (CREC)


Quote:
Originally Posted by nazrey View Post

Quote:
Friday, 17 June 2016
Bandar Malaysia JV secures funding
BY AFIQ ISA

Najib announces incentives for master developer of Bandar Malaysia
Palm extends losses to hit 5-month low on weak demand
KUALA LUMPUR: The Bandar Malaysia Fund will accelerate the development of the major city centre project, which has a gross development value of RM200bil and will be built over 15 to 25 years, according to Iskandar Waterfront Holdings Sdn Bhd (IWH) group executive vice-chairman Tan Sri Lim Kang Hoo.

A consortium comprising four local banks and four international banks with a combined asset base exceeding US$13 trillion has set up the new fund to finance the development of the Bandar Malaysia project in the southern fringes of the capital’s central business district.

“The consortium will provide funding for buildings, infrastructure, hotels and anything else in Bandar Malaysia. Our partners have already outlined all the financial needs for each phase of the project,” he told reporters after a signing ceremony for the Bandar Malaysia project here.

The Bandar Malaysia fund, which will finance development and construction works, is backed by some of the largest banks in the world. Participating international banks include the Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Hong Kong and Shanghai Banking Corp.
http://www.thestar.com.my/business/b...cures-funding/
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Old November 5th, 2016, 06:39 PM   #2
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Quote:
Originally Posted by nazrey View Post
China Railway Group to invest US$2bil in Bandar Malaysia
BY SHARIDAN M. ALI Monday, 21 March 2016 | MYT 11:57 AM
http://www.thestar.com.my/business/business-news/2016/03/21/china-railway-group-to-invest-us$2bil-in-bandar-malaysia



An artist’s impression of China Railway Group Litd’s regional centre in Bandar Malaysia.

KUALA LUMPUR: China Railway Group Ltd has announced that it will invest US$2bil (RM8.1bil) to build its own regional centre in Bandar Malaysia.

This comes three months after it won the bid with joint-venture partner Iskandar Waterfront Holdings (IWH) to acquire 60% of equity in Bandar Malaysia for RM7.41bil from 1MDB Real Estate. The announcement was made in the presence of Prime Minister Datuk Seri Najib Razak earlier on Monday.

The US$2bil is for the development of an integrated complex in Bandar Malaysia.
It was reported CREC is one of the front-runners of high speed rail from KL-Singapore which will which include Bandar Malaysia as its main hub.

CREC is one of the world’s largest engineering and construction firms, and also has businesses, among others, in industrial manufacturing, real estate development, and resources and mineral products. As of 2015, it is ranked number 71 in the Fortune 500, with a turnover exceeding US$100bil per annum.
..
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Old November 5th, 2016, 07:30 PM   #3
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https://m.youtube.com/watch?v=DJOGWlhAS2M
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Old November 9th, 2016, 02:26 PM   #4
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China Railway Engineering to set up RM8.4 billion HQ in Bandar Malaysia, cites Najib as among reasons
BY AMIR HISYAM RASID - 8 NOVEMBER 2016 @ 8:19 PM


Group Managing Director Titijaya land Bhd,Tan Sri Lim Soon Peng (fourth from left) handing over the document with Managing Director China Railway Dongfang Group, Cai Zemin (three from right) on MOU between Titijaya Land Berhad and China Railway Engineering Corporation (M) Sdn. Bhd witnessed by Minister of Urban Wellbeing Housing and Local Government, Tan Sri Noh Omar (five from left). (Pix by Amirudin Sahib)

Quote:
KUALA LUMPUR: China Railway Engineering Group Ltd (CREC) is setting up its US$2 billion (RM8.4 billion) regional headquarters in Bandar Malaysia, here, and cited Malaysia's "astute, thoughtful" leader as the reason behind its decision.

CREC general manager Cai Zemin told an online news portal that there are nine reasons why the company, which is listed in Shanghai and Hong Kong, decided to set up its HQ in Bandar Malaysia (which is 40 per cent owned by 1Malaysia Development Bhd – 1MDB) and Prime Minister Datuk Seri Najib Razak is one of them.

"The Malaysian leader is astute, thoughtful of the people, and dares to turn Malaysia into a developed nation," said Cai, as quoted by the portal.

The news portal said it understood Cai to be referring to Najib.
Read More : http://www.nst.com.my/news/2016/11/1...es-najib-among
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Old February 3rd, 2017, 11:07 AM   #5
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https://www.facebook.com/propcafe.net
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Old February 11th, 2017, 05:35 PM   #6
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I'm trying to find the location of this project on Google Maps but I can't seem to place it. Can someone post a Google Maps or Wikimapia link?
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Old February 11th, 2017, 11:47 PM   #7
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Originally Posted by GeneratorNL View Post
I'm trying to find the location of this project on Google Maps but I can't seem to place it. Can someone post a Google Maps or Wikimapia link?
Here.

The map in the post above yours is tilted slightly, so northwest is up rather than north. The "clue" is the cluster of buildings at the very top of the picture.
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Old February 13th, 2017, 06:01 PM   #8
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Cool design. I hope it will be built like this.
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Old March 8th, 2017, 08:35 AM   #9
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Businessman Tan Sri Lim Kang Hoo, whose Iskandar Waterfront Holdings (IWH) secured rights in late 2015 as master developer of the project together with China Railway Engineering Corp (CREC), noted that the initial funding of RM10bil has already been lined up.
http://www.thestar.com.my/business/b...-with-funding/
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Old March 23rd, 2017, 04:54 AM   #10
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Quote:
Thursday, 23 March 2017
Digital zone: Paving the way to mega trade growth

BY HO WAH FOONandSIM LEOI LEOI



For a brighter future: Prime Minister Datuk Seri Najib Tun Razak and Jack Ma beating the drum at the launch of the Digital Free Trade Zone in Kuala Lumpur. With them are (from left) Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak, International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Catcha Group’s CEO Patrick Grove. — FAIHAN GHANI/The Star

KUALA LUMPUR: Datuk Seri Najib Razak and Alibaba Group’s founder Jack Ma have launched the much-anticipated Digital Free Trade Zone (DFTZ), expected to generate trade worth US$65bil (RM286bil) by 2025.

The DTFZ, mooted by the Prime Minister under Budget 2017, aims to create 60,000 jobs by then and double the export growth of small and medium-scale enterprises (SMEs).
..

He said by pushing the DFTZ – the first outside China and only second in the world – Malaysia could bring SMEs, micro businesses, warehousing facilities and logistics and the likes in one place, and increase trade with Asean and the world.

The DFTZ will also see the creation of a new Kuala Lumpur Internet City (KLIC) in Bandar Malaysia, with Catcha Group made its master developer.
Read more at http://www.thestar.com.my/news/natio...UVWEKlqW6pR.99
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Old March 23rd, 2017, 12:25 PM   #11
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what happens to the airport?
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Old April 1st, 2017, 02:07 PM   #12
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Quote:

MRCB Likely to Take Part in Bandar Malaysia Project
March 29, 2017


There is a high chance that the construction arm of the Malaysian Resources Corporation Bhd (MRCB) , know for various outstanding developments like Sentral Suites KL Sentral, would be appointed to take part in the multi-billion-ringgit Bandar Malaysia development, reported The Star, citing RHB Research Institute.

According to the research house, MRCB is well-positioned to participate in the upcoming transport hub due to its excellent track record and experience in building similar projects. The company had also inked a memorandum of understanding (MOU) with Wondrous Vista Development Sdn Bhd and the land owner, Bandar Malaysia Sdn Bhd.
http://www.propertyguru.com.my/prope...laysia-project

Last edited by davidwsk; April 1st, 2017 at 05:44 PM.
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Old April 2nd, 2017, 06:38 AM   #13
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Quote:
Originally Posted by KillerZavatar View Post
what happens to the airport?
Known as Sungai Besi Airport. It was the oldest airport in the country serving as nation's major airport in the early birth of Malaysia, then all its commercial flights were moved to Subang SZB airport in the 70s (now all jet operation in SZB also moved to KLIA, only turbo props still operating in SZB and became our main airforce base) and acting as supporting airforce hub to SZB.
With its prime location, and being not so strategic hub of the airforce,
We are converting the use of land of the Sg Besi airport into KL's future intermodal transports hub with highspeed trains, MRTs etc will soon call it as home known as Bandar Malaysia, and also will become the newest KL's growth engine along side Tun Razak Exchange (Financial hub)
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Old April 4th, 2017, 06:38 PM   #14
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Project started!

Quote:
Six RDC contracts awarded: MyHSR
Posted on 4 April 2017 - 05:36am
[email protected]

PETALING JAYA: MyHSR Corp Sdn Bhd has awarded the reference design consultant (RDC) contracts for the Kuala Lumpur-Singapore High Speed Rail (HSR) project, after an international open tender process, which began in August 2016.

The six contracts have been awarded to Systra S.A., Jacobs Engineering Services Sdn Bhd, Ranhill Consulting Sdn Bhd, HSS Integrated Sdn Bhd (HSSI) and AECOM Perunding Sdn Bhd.

The overall scope of work includes international stations at Bandar Malaysia and Iskandar Puteri; five domestic stations at Putrajaya, Seremban, Malacca, Muar and Batu Pahat; and the alignment civil works from Bandar Malaysia station to the International Border between Malaysia and Singapore.
http://www.thesundaily.my/news/2215396
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Old May 6th, 2017, 08:19 AM   #15
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Quote:
Malaysian-Chinese consortium in axed Bandar Malaysia deal refutes government allegation
Published
May 5, 2017, 7:12 pm SGT
KUALA LUMPUR - A Malaysia-China joint venture that was dropped from buying a stake in Malaysia’s largest property project has rejected the government’s unilateral claim that the agreement had lapsed because of failure to meet payment obligations.

The consortium of Malaysia’s Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corporation (CREC) on Friday (May 5) refuted the allegation by Malaysian state-owned firm TRX City, and called the decision “unacceptable”.

The consortium said it had “fulfilled all the required payment obligations under the share sale agreement”, adding that it had “sufficient financial resources and capabilities to ensure the smooth and successful execution and implementation of the development of Bandar Malaysia”.
http://www.straitstimes.com/asia/se-...enges-decision

..

Last edited by davidwsk; May 9th, 2017 at 08:24 AM.
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Old May 6th, 2017, 08:22 AM   #16
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Quote:

Friday, 5 May 2017 | MYT 5:09 PM
IWH CREC has sufficient financial resources for Bandar Malaysia project

KUALA LUMPUR: IWH CREC Sdn Bhd (ICSB) says it had fulfilled all the required payment obligations under the share sale agreement with TRX City Sdn Bhd (TRX) over the multi-billion ringgit Bandar Malaysia development.

“ICSB has sufficient financial resources and capabilities to ensure the smooth and successful execution and implementation of the development of Bandar Malaysia,” it said on Friday.

ICSB said TRX’s allegation that the share sale agreement (SSA) has lapsed, runs contrary to the conduct of the parties in progressing the SSA towards its completion in accordance with the spirit of the SSA thereof.
Read more at http://www.thestar.com.my/business/b...ipFXkRCwpI9.99
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Old May 6th, 2017, 08:24 AM   #17
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Quote:
Japan to Gain From Bandar Malaysia Deal Collapse

Pavither May 5, 2017

Japan may gain from the possible fallout of the Malaysian and Chinese governments due to the lapsing of the deal to sell 60 percent of Bandar Malaysia project, reported Free Malaysia Today.

The deal fell through after the consortium comprising Iskandar Waterfront Holdings and China Railway Engineering Corp (CREC), a unit of state-owned China Railway Group, failed to meet the payment obligations, revealed TRX City Sdn Bhd.

Japan is reportedly ramping up its efforts to win the tender for the 350km high-speed rail (HSR) link between Kuala Lumpur and Singapore.
http://www.propertyguru.com.my/prope...-deal-collapse
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Old May 6th, 2017, 08:25 AM   #18
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Quote:

Sunday, 14 May 2017
Wanda interested in Bandar Malaysia


BEIJING: Dalian Wanda Group, owned by China’s richest man Wang Jianlin, has expressed “desire” to participate in the Bandar Malaysia development.

The Wanda chairman told reporters that the investment would be “really huge”, estimating it at more than US$10bil (RM44bil).

“While we have not reached an agreement yet, I am here expressing my stance,” he said at a joint press conference with Prime Minister Datuk Seri Najib Tun Razak at the Sofitel Beijing Hotel owned by Wanda Group.

“Wanda has confidence in the investment environment of Malaysia and its future prospects, and we are willing to share our experiences with Malaysia to build a one-of-its-kind mega integrated cultural and tourism project,” he said after meeting Najib for over an hour.
Read more at http://www.thestar.com.my/news/natio...2mjHRQAAIBc.99
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