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Old March 6th, 2007, 05:21 AM   #61
pedang
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KLCC Skyline 2010, 60 - 88 - 88 - 60

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Tycoon gets nod for first Four Seasons hotel in KL
TheStar Business March 6, 2007

KUALA LUMPUR: Singapore tycoon Ong Beng Seng, who owns Four Seasons resorts in Bali, Singapore and the Maldives, won government approval to build the brand's first hotel in Kuala Lumpur after a 17-month wait.

Ong would partner a sultan and CapitaLand Ltd to build the RM1.5bil hotel and apartment complex in Kuala Lumpur, Venus Assets Sdn Bhd executive director S.A. Raju said. Venus is owned by Ong, the controlling shareholder of Singapore-based Hotel Properties Ltd.

The project, next to the Petronas Twin Towers, marks the biggest investment in Malaysia's hospitality industry this year.

“Never under-estimate the power of the brand,'' said Joyce L. C. Chang, the principal of C-Hospitality Consulting Sdn Bhd. The Four Seasons is an “international name with prestige, and this is very good for Malaysia's tourism industry.''

Ong's two-tower project has been revised with the initial 72-storey condominium reduced to 60 floors, while the hotel tower remains at 38 stories, Raju said last week.

“We got approval from city hall in December and we are inviting tenders for piling works,'' he said. The revised plan “doesn't change the plot ratio of the project''.

The Four Seasons development would include 200 hotel rooms, 50 serviced apartments, and 173 condominium units, he said.

Ong bought the 2.6-acre site in 2003 from the late Singapore billionaire Khoo Teck Puat for RM90mil, or RM785 per sq ft. The development, through Venus, would be the fifth Four Seasons property for Ong. His Hotel Properties owns four of the brand's hotels.

Hotel Properties is also building a Hard Rock hotel at a beach in Negri Sembilan, and another in Penang. The new hotels will add to the company's five other properties in Malaysia, including three under the Concorde brand.

Venus, the owner and developer of the hotel project, is owned by Ong and his associates. Its chairman is Syed Yusof Nasir, who handles the business interests of Selangor's Sultan Sharafuddin Idris Shah.

Occupancy at the 900 hotels in and around Kuala Lumpur may rise to 72% this year, boosting average room rates to a record RM250 a day, said Ivo Nekvapil, vice-president of the Malaysian Association of Hotels. – Bloomberg
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Old March 6th, 2007, 05:29 AM   #62
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So It's only 60 and 38 Storey?

What a tragic news...
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Old March 6th, 2007, 06:38 AM   #63
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Quote:
Originally Posted by Chad View Post
So It's only 60 and 38 Storey?

What a tragic news...
yes

it's because this tower had very 'powerful' neighbours
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Old April 27th, 2007, 07:55 AM   #64
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Kuala Lumpur gets Four Seasons
Tue, March 27 2007
asianpacificpost


The Singapore tycoon Ong Beng Seng, who owns Four Seasons resorts in Bali, Singapore and the Maldives, won government approval to build the brand’s first hotel in the Malaysian capital after a 17-month wait.

Ong will join with a Malaysian sultan and CapitaLand to build the 1.5 billion ringgit, or US$427 million, hotel and apartment complex in Kuala Lumpur, S.A. Raju, Venus Assets executive director, said in an interview. Venus is owned by Ong, the controlling shareholder of the Singapore-based Hotel Properties, Southeast Asia’s second-largest hotelier by market value.

The project, next to the Petronas Twin Towers, the world’s second-tallest building, marks the biggest investment in Malaysia’s hospitality industry this year as a surge in tourist arrivals filled rooms, possibly pushing rates to a record in 2007. The country counts on tourism for about 6 percent of its gross domestic product.

“Never underestimate the power of the brand,” said Joyce. Chang, the principal of C-Hospitality Consulting a hotel consultant firm in Kuala Lumpur. The Four Seasons is an “international name with prestige, and this is very good for Malaysia’s tourism industry.”

Ong’s two-tower project has been revised with the initial 72-story condominium reduced to 60 floors, while the hotel tower remains at 38 stories, Raju said in an interview published in Singapore.

The Four Seasons development will include 200 hotel rooms, 50 serviced apartments and 173 condominium units, he said.

Ong bought his 2.6-acre Kuala Lumpur site in 2003 from the late Singapore billionaire Khoo Teck Puat for 90 million ringgit, or 785 ringgit a square foot. The development, through Venus, would be the fifth Four Seasons property for Ong. His Hotel Properties owns four of the brand’s hotels.

Hotel Properties is also building a Hard Rock hotel at a beach in Malaysia’s Negeri Sembilan state, and another in Penang state. The new hotels will add to the company’s five other properties in Malaysia, including three under the Concorde brand.

Venus, the owner and developer of the hotel project, is owned by Ong and his associates. Its chairman is Syed Yusof Nasir, who handles the business interests of Sharafuddin Idris Shah, ruler of Malaysia’s richest state of Selangor.

Occupancy at the 900 hotels in and around Kuala Lumpur may rise to 72 percent in 2007, boosting average room rates to a record 250 ringgit a day, said Ivo Nekvapil, vice president of the Malaysian Association of Hotels. Last year, 68 percent of the rooms were filled at an average of 222 ringgit.

Still, hotel room rates in Malaysia are lower than those in Singapore, Hong Kong and Thailand, which may deter other luxury brands from investing in the country because of lower returns, said C-Hospitality’s Chang. Average hotel room rates are lower by as much as 75 percent compared with the region, Nekvapil said.

That may change as Malaysia draws more tourists. The government aims to attract a record 20.1 million visitors this year with its first yearlong tourism promotion in 13 years. Arrivals rose 6.8 percent to 17.5 million in 2006 from a year earlier, according to Tourism Malaysia’s Web site.

On March 1, the Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Hotel Investments said it bought the Four Seasons Hotel in the Malaysian resort island of Langkawi for $114 million. The company will invest another $35 million by the end of 2008 to add suites and villas to the luxury beachside development.

“We need more brand hotels such as Four Seasons to attract more tourists,” said Nekvapil. “We’re missing a few.”

Last edited by nazrey; April 27th, 2007 at 08:45 AM.
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Old May 19th, 2007, 05:46 PM   #65
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Any progress?
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Old May 20th, 2007, 02:29 PM   #66
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May 19th, 2007:
updated by James Foong


Quote:
Originally Posted by James Foong View Post
1. Machines start to invade the site. Bauer and Geopancar seems working along side on this massive scale project.



2. Ground breaking start with brand new piling machine!



3. Preparing sheet piles for diaghram wall.
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Old May 21st, 2007, 09:42 AM   #67
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by world 2 world

Quote:
Originally Posted by World 2 World View Post


slim n sexy..









.

from this pictures u can c that the ground is link to PTT.. if this is how it going to be..I think they r going to close the street in between ...correct me if I;m wrong[/QUOTE]
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Old May 21st, 2007, 10:27 AM   #68
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Quote:
Originally Posted by pedang View Post
by world 2 world




from this pictures u can c that the ground is link to PTT.. if this is how it going to be..I think they r going to close the street in between ...correct me if I;m wrong
[/QUOTE]


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Old May 22nd, 2007, 08:21 PM   #69
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Nice shape. I like it very much n compliment to Petronas Tower
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Old May 22nd, 2007, 10:43 PM   #70
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Excellent project! These towers will looks perfect next to the Petronas towers, and they are decently tall as well.

Good stuff.
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Old June 20th, 2007, 07:43 AM   #71
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Old June 25th, 2007, 05:45 AM   #72
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by lucag

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Old June 25th, 2007, 11:19 AM   #73
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by lucag

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Old June 25th, 2007, 12:02 PM   #74
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Great, thanks
Looks as if construction is in full swing, but it will take quiet some time to see it rising.
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Old June 25th, 2007, 06:49 PM   #75
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i remind me, 3 month ago i was looking with a friend for a parking place there ... and now they start the construction. time flies, hope fast ... wanna see that beauty rising.
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Old June 25th, 2007, 08:18 PM   #76
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wow this is one of my fav buildings U/C at the moment.
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Old June 25th, 2007, 08:31 PM   #77
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great updates! that place is goin wild! soo many great buildings under construction and projects!
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Old June 29th, 2007, 03:41 PM   #78
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update

Quote:
Originally Posted by TWK90 View Post
Today's photo (29/6/2007)

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Old July 1st, 2007, 05:28 PM   #79
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Pre Register Interest in Condominium?

Greetings,
Any idea in how one can go about and pre register for the condominium launch? Trying to figure out which realtor HPL and Capitaland would use.

Regards
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Old July 3rd, 2007, 06:50 AM   #80
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The construction just gets started
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