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Old June 15th, 2008, 07:05 AM   #281
tbc
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I was distracted by the "Moving Out Clearance" sign across the corridor !
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Old June 16th, 2008, 06:58 AM   #282
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The Debenhams outlet looks small. I wonder what merchandise will they concentrate on? HSL is also relocating to the spot directly above Debenhams. I think they are reorganising the mall. Good on them!
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Old June 17th, 2008, 05:45 AM   #283
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surian residence,new luxury condo project to be launch end of this year or 1Q next year. i think the location will be next to Menara Surian, anyone got Menara Surian's construction pics??
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Old June 17th, 2008, 10:12 AM   #284
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where's exactly menara surian? before the flyover NKVE crossing to kota damansara? It's on the left side isn't it?
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Old June 20th, 2008, 07:20 AM   #285
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Quote:
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I was distracted by the "Moving Out Clearance" sign across the corridor !
man, u have sharp eyes
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Old July 21st, 2008, 08:19 AM   #286
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Fast solution sought in Ara Damansara

In Ara Damansara, the traffic problem is brewing and residents are desperate for the local authority to find a solution soon.

The main cause is the access of Ara Damansara to the LDP and one tunnel cuts through Jalan Emas 2 is the main access that almost all the residents in Ara Damansara are using.

The tunnel was initially built as a shortcut for rubbish trucks and not for commercial vehicles. It currently serves as a toll-free alternative between Ara Damansara and the LDP.

However, the increasing density of Ara Damansara has amounted to high traffic during peak hours and the tunnel has become a nightmare for surrounding residents and motorists.

The condition of the tunnel has been in bad shape with potholes, high-tension cables hanging, and even the gantry has been stolen allowing access to heavy-duty vehicles like construction lorries.

Residents have also reported car break-ins as the tunnel provided an easy getaway for thieves.

MBPJ is now undertaking a traffic study on the current situation in Ara Damansara which also involves another nearby tunnel which cuts through Kelana Idaman to the Selangor Football Association (FAS) field.


Cutting through: The Damansara Perdana tunnel is a convenient access way for residents heading to Bandar Utama or Taman Tun Dr Ismail.

The FAS tunnel is now closed despite being completed for almost half a year and would have been a solution to help divert traffic from the Jalan Emas 2 tunnel.

“We have received a lot of responses from the residents and will begin our traffic study on July 21 (today) where we will open the FAS tunnel.

“We want to see how the traffic patterns will be once the other tunnel is open so we can think of a long-term solution for this problem,” said a spokesman from the MBPJ’s engineering department.

MBPJ will embark on a continuous assessment on the sustainability of tunnels in PJ but they cite that the responses of residents are of importance.

“There will be residents who will oppose the idea but traffic study is something that we need to do to come up with a sustainable solution. Otherwise everyone will be on the losing end,” Haniza explained.
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Old July 29th, 2008, 04:56 AM   #287
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Hospitals come under fire
By JAYAGANDI JAYARAJ and TAN KARR WEI



TWO private hospitals located in Kota Damansara have come under fire from the residents and the business community in the area.

Residents and businessmen claim that the location of the two hospitals would only add to the traffic situation in the township.

One of the hospitals, which have begun ground clearing works, is located on a piece of land adjacent to the Giant hypermarket along Jalan PJU 5/26, next to the Dataran Sunway commercial centre.

Gugusan Dedap residents' association president Zamarudin Zainudin said a hospital should not be built within a commercial area that was prone to traffic congestion.


Project under fire: An aerial view of the hospital site. In the background is Dataran Sunway (white buildings) and a block of commercial shoplots that is under construction.

“Emergency vehicles would have problems getting into the area,” he said.

MBPJ Town Planning Department director Sharipah Marhaini Syed Ali said the hospital must submit a fresh application for approval to the council.

“When the initial building plans were approved, there were no objections from the the Selangor Development Corporation (PKNS), the owner of the neighbouring plots. Since residents are now complaining, we have rejected the building plans. They would have to do a comprehensive traffic study and resubmit plans,” she said.

Meanwhile, there are mixed reactions from business operators at Dataran Sunway about the opening of another specialist centre in the area.

The location of the four-block medical centre, occupying the corner lots of the commercial building along Jalan PJU 5/6, opposite The Strand, is said to be not conducive due to the high traffic volume anticipated in area after the opening of the Giant hypermarket.

A businessman who owns several shoplots in the area said due to the anticipated high traffic, it would be difficult for emergency vehicles to gain access to the area.

However, there are others who think otherwise.

Lee Hui Seng said the specialist centre provided medical facility for the residents.

He said Kota Damansara residents needed medical facilities, as the only hospital in the vicinity was the Tropicana Medical Centre, located next to the Segi College.

“But that is a big hospital with ambulance facilities whereas this specialist centre is for outpatient treatments,” he said.

He added the specialist centre would not add to the anticipated traffic jam in the area as unlike shopping malls, people do not visit hospitals everyday.

“Besides, the specialist centre would only generate more business to the area.
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Old July 29th, 2008, 09:00 AM   #288
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9 Bukit Utama, Bandar Utama
2 Blocks 41storey Condo
price from rm300psq







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Old July 29th, 2008, 09:42 AM   #289
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cool. Twin supertall for Bandar (or Bukit?) Utama. Btw where is Bukit Utama actually??? Although I live not very far from 1U but dont know that place.
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THE KUALA LUMPUR DEVELOPMENTS COMPILATION (LATEST: NOV'2013) >>> PAGE 1 >>> PAGE 2 (Suburb)

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Old July 31st, 2008, 05:31 AM   #290
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cool. Twin supertall for Bandar (or Bukit?) Utama. Btw where is Bukit Utama actually??? Although I live not very far from 1U but dont know that place.
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Old July 31st, 2008, 06:10 AM   #291
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x double post

Last edited by The Usual Suspect; August 4th, 2008 at 05:49 AM.
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Old July 31st, 2008, 06:12 AM   #292
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Notice how they didnt state Mutiara Damansara and Sunway Damansara in that map, although I feel they are highly relevant in terms of pointing our where 9 Bkt Utama is?
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Old July 31st, 2008, 09:09 AM   #293
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OH NOW I know ... next to Pelangi Damansara lah
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Old August 4th, 2008, 04:15 AM   #294
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Glomac PJ complexes to be launched early 2009
By Sharen Kaur Published: 2008/08/04




PROPERTY developer Glomac Bhd is in the process of acquiring 1.28ha of freehold land in Petaling Jaya, Selangor, the site of the former Kelana Seafood Centre, to build a commercial complex.

Group executive vice-chairman Datuk Richard Fong Loong Tuck said the commercial complex will generate sales of RM250 million for Glomac, which is continuously seeking strategic land bank in Selangor and the Klang Valley for niche developments.

The commercial complex, which will overlook a lake and has yet to be named, will feature a three-level mall, a 20-storey office tower and an office suite.

"It is on the drawing board. We expect to launch it by January 2009," Fong told Business Times.

Glomac will also launch two office towers and a serviced apartment block worth RM200 million by early 2009 in the burgeoning Mutiara Damansara township in Petaling Jaya.

It recently acquired two adjoining freehold parcels totalling 115,755sq ft for RM38.69 million or RM334psf from Boustead Properties Bhd.

"We are excited over these new launches and are gearing up for more next year," Fong said.

While Glomac is optimistic on positive sales from the two projects, Fong said the developments will be affected by more expensive materials.

"We will be prudent with the developments and manage cost effectively," Fong said.

"We expect the projects to contribute significantly to Glomac's revenue and net profit from 2009," he said.
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Old August 4th, 2008, 07:59 AM   #295
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Boustead Properties branding entire development

Now that Boustead Holdings Bhd has successfully completed its privatisation of Boustead Properties Bhd, it is going to focus on branding.
That seems like flogging a dead horse actually, this branding thing. After all, it was doing that since Ikea first bought its corporate lot about 10 years ago. And with each component that came on board, Boustead drove the branding vehicle – with Ikea, Ikano, Tesco, The Curve and Cineleisure.


Boustead Properties Bhd executive director Datuk Ghazali Mohd Ali.

Boustead Properties Bhd executive director Datuk Ghazali Mohd Ali says it is necessary. “Last time, we were branding all the individual components. Now we are branding the entire development as a single large entity, with all its infrastructures that make this an award-winning township, both for commercial and residential pruposes.

“It’s different, and we need to push this strategy further if we are to remain relevant,” he says.

An analyst likens Boustead’s strategy to Coca Cola’s. “It’s a global brand, but it continues to emphasise on branding. It’s a strategy to stay at the forefront. And it will reap from it.”

Ghazali says in order for Boustead to remain attractive to shareholders, and Mutiara Damansara to buyers, it has to do things differently.

“We have proven that we can and now we are leveraging what we have started,” he says.

By that he means the overall package, and what’s on the card now that it has taken Boustead Properties private.

“We will shed some non-core assets and do a bit of rationalising, and wait out the current challenging period.”

Ghazali says the conglomerate has partners like Johnson Suisse sanitary ware, a paint company in the form of Boustead Sissions Paint and UAC Bhd which is involved in building materials as a buffer.

Boustead Holdings reported sterling first quarter 2008 results, thanks to higher contribution from the plantation business, consolidation of subsidiary Boustead Naval Shipyard’s (BNS) earnings and lower effective tax rate. The trading division reported stronger earnings as well as its pretax profit increased by 7.5 times to RM22.8mil on the back of better sales volume and some inventory gain. Bulk of the earnings was contributed by BHPetrol.

The property division’s operating profit on the other hand declined 26% due to lack of sale of corporate lots.

“We still have nine corporate lots of about an acre each in Mutiara Damansara in Petaling Jaya but we are in no hurry to sell. We can wait for prices to move up. We have a successful mall which we can inject into a real estate investment trust (Reit).

This, says an analyst, is a tactical delay to capitalise on expected forward price appreciation. All in, net profit jumped 140% year on year and 21.2% quarter on quarter to RM152.3mil. The group declared an interim dividend of 5 sen gross as a reward to shareholders.

Fresh from its corporate exercise of going private, Boustead Properties is now preparing to launch its last residential development later this year in Mutiara Damansara Surian Residency, its second condominium project there. Its first is Surian Condominium.

The freehold development will have about 300 units of between 900 and 2200 sq ft. It will have two blocks of 23 and 25 storey each and some low-rise units. In terms of overall architecture, it will be fairly similar to Surian Condominium.

“The project will be more upmarket than Surian Condominium in terms of finishing and design, our first high-rise residential development there.”

He says Surian Residency will be selling for about RM400 per sq ft.

“We want to ride on the success of Surian Condominium, which is now changing hands between 30% and 40% above its launching price in the secondary market,” he says.

Boustead Properties is at the same time negotiating with potential tenants on the lease of Surian Tower, in the same township. The office block will be part of the overall development there.

With visitors to The Curve alone numbering 2 million a month – compared to 600,000 four years ago when it first opened – the numbers, he says, speaks for itself.

“We have tenants like Living Quarters and MetroJaya who are expanding. We also have tenants who have seen better sales when they moved over here than when they were in their old place. We also have competitors who are buying corporate lots here. This says something – that Boustead Properties is on the right track, notwithstanding the current economic situation,” says Ghazali.

Glomac Bhd recently bought two pieces of land totalling 10,800 sq ft for RM38.69mil. A third lot was sold to an insurance company. Boustead Properties has four core divisions – plantations, which contributes about 35% to sales, property development (40%), hotel and property investment.

Ghazali says that although its 26-storey Surian Tower is yet to be completed, one-third of it is already leased to a multinational company.

The lease for its remaining two-thirds of the building is being negotiated currently. He hopes the place will be occupied by September 2009.

With so many visitors to The Curve, Boustead is putting in 30% more to the car parks at Surian Tower than what is required by the local authorities.

Besides this office block with a net lettable space of 335,000 sq ft, Boustead Properties will also be building a new hotel and convention centre behind Cineleisure. Like its other 150-room hotel in the popular suburb, The Royale Bintang Damansara, the new hotel will have about 300 rooms.

“The Royale Bintang Damansara is nearly always full. So this idea to have another hotel with convention facilities is a good idea. With the price of petrol today and in the years to come, I would think people will be reluctant to drive into the city. Ideas and plans just evolve, we did not have this in mind earlier.”

To integrate the various components there, Boustead Properties hope to have a physical link from the proposed LRT station in the suburb to Surian Tower office block and the new hotel and convention centre.

Ikea, among its first buyers of commercial corporate lots, bought their site for RM99 per sq ft eight years ago. Corporate lots are now in the region of RM380 to RM400 per sq ft. Things have certainly moved.
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Old August 11th, 2008, 10:49 AM   #296
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Menara Surian (proposed to be Boustead Properties new HQ) at Mutiara Damansara


any construction pic for this project...already started...
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Old August 11th, 2008, 11:54 AM   #297
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they seem to be doing it at a rapid rate
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Old August 28th, 2008, 04:56 AM   #298
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THE STRAND DAMANSARA





old project...lauching in 2006...can sumone update on this project...scheduled for completion by 2011.

Encorp records RM15m Q2 profit
Published: 2008/08/28



ENCORP Bhd yesterday reported a net profit of RM15.1 million for the second quarter to June 30, smaller than the RM75.38 million achieved in the previous corresponding period.

On the quarterly basis, however, the second quarter profit of RM15.1 million was a 144 per cent increase from that managed in the first three-month period.

Revenue during the second quarter was RM75.38 million, with strong contribution coming from the group's property development business.

Encorp has declared an interim single-tier tax exempt dividend of five per cent, which will be paid to shareholders on October 17 this year.



In a statement issued yesterday, the company said higher revenue coming from its The Strand Damansara property development project contributed to the higher quarterly revenue.

"Despite the current market scenario, we were able to register stronger growth than the last quarter.

"We are optimistic that we will be able to sustain or even improve our performance for the rest of the year, especially with the good response we have been receiving from our flagship projects, Cahaya Alam and The Strand Damansara," said Encorp Group's chief executive officer Yeoh Soo Ann.


Encorp made a record turnaround performance last year, from a net loss of RM124.8 million in 2006 into a net profit after tax and after minority interest of RM69.3 million.

Plans for more developments at The Strand Damansara are on the horizon, which will further contribute to the flagship project's emergence as an exciting integrated commercial address.

These include a shopping mall, serviced apartments, a pedestrian-linked Garden Soho (Small Office Home Office) and boule-vard, all of which is due to be launched early next year.
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Old August 29th, 2008, 04:15 AM   #299
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Glomac sees KL projects boosting 2009 earnings
By Sharen Kaur Published: 2008/08/29


Glomac has 400ha in Sg Buloh, Rawang and Johor, with earnings potential of RM3.5 billion.

While the three townships may not do well this year, Iskandar said he was confident of sales for its seven other projects.

Glomac has pockets of land in Selangor. It aims to launch Glomac Damansara, an integrated project, a commercial complex at the site of the former Kelana Seafood Centre in Petaling Jaya, and two office towers and a serviced apartment block in Mutiara Damansara for RM1.1 billion.

Group executive vice-chairman Datuk Richard Fong was optimistic that margins from high-end properties would cushion rising costs.

Glomac has plans to venture to the Middle East.

Fong said it may do this through its partnership with Al Batha Real Estate Co of the United Arab Emirates or with other developers in the region.
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Old August 29th, 2008, 02:16 PM   #300
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Highlights of Budget 2009
Friday August 29, 2008 MYT 6:12:43 PM

..........

Improving Public Transportation

* A sum of RM35bil will be expended during the period 2009 to 2014 to improve public transportation.


* The existing LRT system in the Klang Valley will be extended by 30km, that is 15km respectively, for Kelana Jaya and Ampang lines. Upon completion in 2011, the extensions are expected to benefit 2.6 million residents in the Subang Jaya-USJ and Kinrara-Puchong areas, compared with 1.9 million currently.

* A new LRT line will be built along a 42km route from Kota Damansara to Cheras; to be completed in 2014.

* The commuter rail services of Keretapi Tanah Melayu Berhad (KTMB) will be upgraded. Rehabilitation works are being undertaken on the existing 20 Electric Multiple Units (EMUs) and are expected to be completed in 2009. An additional 13 new units of EMUs will be acquired and be operational by 2011.

.........

Wonder when will it start?

http://www.thestar.com.my/news/story...sec=budget2009
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