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Old March 6th, 2009, 03:25 AM   #421
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One Utama to maintain double-digit growth this year


PETALING JAYA: The One Utama shopping centre is hoping to maintain a double-digit growth in revenue this year, despite the gloomy economic outlook.

“Last year, the volume of visitors to the shopping centre increased by 9%. The number of vehicles also increased by 8%,” said One Utama director Datuk Teo Chiang Kok at the launch of the Bukit Utama Clubhouse and ONECARD Cash Back campaign recently.

Teo added that although the official figures for last year were still being calculated, it was roughly a 12% to 13% growth in revenue.

The ONECARD Cash Back campaign entitles members to a RM5 rebate with every RM100 spent at any participating outlet in the shopping centre. The campaign ends on May 3.


Datuk Teo Chiang Kok
The RM45mil four-storey clubhouse was built to cater to the recreational and sporting needs of the Bandar Utama community.

Facilities include a nine-hole golf course with night golfing, an Olympic-sized pool, gymnasium, futsal, squash, tennis and badminton courts and a column-free ballroom. — Bernama
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Old March 10th, 2009, 09:48 AM   #422
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Ken Holdings to go ahead with office tower in Taman Tun
Written by Loo Pik Kwan
Friday, 06 March 2009 19:42

PETALING JAYA: Despite the current downturn in the property market, developer Ken Holdings Bhd is going ahead to develop an office tower in Taman Tun Dr Ismail, Kuala Lumpur.

It aims to submit for building plan approvals "in a few months' time" and start work on the project by the end of the year, its executive director Sam Tan said on March 6.

Earlier plans for 20-storey high buildings were scuttled when residents in the area protested against the project. The developer reduced the height to 12-storeys in its revised plan, said Tan.


The developer purchased the site of the project comprising two adjoining parcels of freehold commercial land totaling 1.2 acres along Jalan Burhanuddin Helmi two years ago for RM16 million from ProKhas Sdn Bhd. ProKhas was set up to manage the residual assets of national asset management company Pengurusan Danaharta Nasional Bhd which wound up at end-2005.

Although the site came with a development order for a 12-storey building, the developer submitted applications for a higher density development - two 20-storey buildings comprising an office tower and an adjoining serviced residence.

“The cost for acquiring the land was quite high, close to about RM300 psf, so we asked the authorities to allow a higher density project. However, residents in the area protested to the height of the buildings, so we did not receive the approval last year,” Tan explained.

According to Tan, the developer hopes to start work on the 12-storey office tower, equipped with facilities equivalent to that of a 5-star hotel, with four levels of basement parking by the end of the year.

The office tower would have food and beverage operators on the ground floor while an entire floor would be a ballroom that can double up as meeting rooms.

According to Tan, there will also be recreational facilities such as a swimming pool, gym and sauna for tenants. While Ken Holdings intends to retain the building for lease, it is also considering managing the property as its corporate headquarters would eventually move there. On the range of rental and maintenance fee it may impose, Tan said it has not worked out the rates.

Tan declined to reveal the gross built-up space for the project. He however said construction cost which were worked out when prices of steel bars were prices of steel bars ranged from RM1,500 to RM1,800 per tonne, amounted to between RM40 million and RM50 million.

“Although the prices of building materials have dropped today, prices for steel bars for instance are above the RM2,000 per tonne levels. So our cost may have to go up,” he said.

Costs may also rise if the developer' decides to offer an energy efficient building by employing the use of glass and fins externally while internal features may incorporate green elements and top-of-the-line air conditioning.

“It’s not cheap to build and maintain an energy efficient building as we are also considering obtaining Singapore’s Building and Construction Authority (BCA)’s Green Mark rating,” he added. The BCA Green Mark is a green building rating system to evaluate a building for its environmental impact and performance.
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Old March 12th, 2009, 05:18 AM   #423
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Welcome to The Club in Bandar Utama


The Club aims to meet the various social and recreational needs of the community.

PETALING JAYA: With the opening of The Club, residents of the growing suburb of Bandar Utama will have a convenient venue for sporting activities, business conferences, forums and just plain socialising.


Ong Beng Hee and Khoo Cai Lin are conducting coaching clinics at The Club this month.


The grand ballroom is ideal for large banquets.


The Olympic-sized pool at The Club.

There are meeting rooms to conduct business, while the luxuriously appointed ballroom offers a place for large functions like weddings and anniversary dinners.

Director Datuk Teo Chiang Kok said: "The Club is designed to meet the various social and recreation needs of the community. It is a place where residents can gather to socialise, as well as exercise and keep healthy."

The Club has an Olympic-sized, 50-metre swimming pool and a nine-hole golf course with night golfing facilities.


It features a modern gymnasium, a dance-yoga studio, four squash courts, four badminton courts, two futsal courts and three tennis courts.

And if sport is not on the top of your list of things to do, the Extra Super Tanker Chinese Restaurant is a great place to take the family for a meal. Or you can relax at the more casual Terrace Cafe.

The British School of Kuala Lumpur will also soon move its foundation and primary level classes to The Club. Up to 300 pupils will be attending school there.

And for all that, The Club charges one of the lowest entry fees for a club in a residential area.

In conjunction with the opening of the club, two sports personalities are conducting coaching clinics this month.

World No 11 squash player Ong Beng Hee, and top national swimmer and 2007 Olympian of the Year Khoo Cai Lin, will share some of their experiences on the road to the top.

"I'm looking forward to sharing my experience and knowledge with youngsters interested in squash," said Ong.

The clinics are free, but registration is required. Call 03-7725 5199.
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Old March 12th, 2009, 03:28 PM   #424
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Menara UAC, Mutiara Damansara
Status: Completed
Description: Headquarters of UAC Bhd, a subsidiary of Boustead Group

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THE KUALA LUMPUR DEVELOPMENTS COMPILATION (LATEST: NOV'2013) >>> PAGE 1 >>> PAGE 2 (Suburb)

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Old April 6th, 2009, 09:46 AM   #425
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http://www.theclub.com.my
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Old April 6th, 2009, 09:51 AM   #426
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Old April 9th, 2009, 04:31 AM   #427
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MK Land focusing on Klang Valley
By RACHAEL KAM


PETALING JAYA: MK Land Holdings Bhd plans to focus on ongoing projects in the Klang Valley that are still showing growth in sales despite the economic downturn.

The property developer’s chief executive officer Tan Sri Mustapha Kamal Abu Bakar said the company would, however, slow its resort and property developments in Perak and Langkawi.

“We have ample land-bank in the Klang Valley and we need not start new projects. If we just focus on the existing ones in the next three to four years, we still can survive this economic downturn,” he told StarBiz.

“Even if the projects in the northern states are not profitable, it is fine as we will still be making profits from the projects in the Klang Valley because of their locations,” he said.


Tan Sri Mustapha Kamal
The company has a land-bank of 6,776 acres with potential gross development value of RM19.7bil. It has 623 acres in Damansara Perdana, 399 acres in Damansara Damai and 59 acres in Cyberia.

MK Land is in the midst of planning and is seeking approval from the authorities for its projects in Perak and Langkawi. It will wait for the right time to launch those projects.

In the first seven months of its current financial year ending June 30, MK Land recorded RM150mil in sales, said Mustapha, who made his comeback and assumed executive powers again in June after a one-year-plus hiatus.

Mustapha said his team had put in a lot of effort doing marketing, and thus he was confident the company could achieve healthy growth going forward. “I believe that we will be able to ride through the hard times if we tighten our belt, work harder and sell more,” he said.

The company was expected to sell some 907 properties worth RM438mil in 2010 and 838 worth RM487mil in 2011, said Mustapha.

Its ongoing projects in Damansara Perdana comprise the Armanee Terrace duplex condominiums, the Rafflesia three-storey semi-detached bungalows and Metropolitan Square commercial and residential development.

Mustapha said all the ground work, including piling and facilities, was completed when the first block of Metropolitan Square condominiums and retail units were launched.

“If we build the last two of the five condominium blocks now, comprising 448 units worth RM196mil, we will bring in solid profit,” he added.

With the lower construction costs due to the sharp fall in raw material prices, Mustapha said the company would plough back the savings into its projects, including repackaging the property products to benefit the buyers.

Of the 45,964 properties launched by the company so far, 42,829 worth RM5.1bil had been sold, he added.

“We have a huge land-bank and by offering various types of properties, we can adapt to any economic condition,” Mustapha said.

On the company’s Tasik Bukit Merah mixed development project in Perak, Mustapha said the nursing college there (which is part of the development) was doing very well.

“We want to expand the college further under the second phase of development.

“Instead of totally relying on the tourist market, we believe that by having a college, we will be able to create a critical mass for our project there,” he said.
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Old April 13th, 2009, 08:57 AM   #428
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Old April 21st, 2009, 08:20 AM   #429
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Scouting for opportunities
Written by Loo Pik Kwan


Crest Builder Holdings is humming with activity. Since venturing into property development, the construction group has been building its presence in the Klang Valley. For executive director Eric Yong, the current slowdown is an opportunity for the company to grow its landbank.


In these times of economic uncertainties, many investors are tightening their belts to conserve cash and cut spending while waiting for the financial storm to blow over. However, the current downturn may also provide rich pickings to the more astute and cash-rich developers.

3 Two Square, Petaling Jaya...Crest Builder's maiden project
Last month, Crest Builder Holdings Bhd, the developer of 3 Two Square commercial development in Petaling Jaya, entered into a conditional sale and purchase agreement with Saujana Triangle Sdn Bhd, a wholly-owned subsidiary of MK Land Holdings Bhd, to acquire a leasehold 6.33-acre commercial site in Damansara Perdana for about RM37 million.

Contractor-cum-developer Crest Builder intends to submit its plans for the 95-year leasehold site to the authorities by June and targets to commence work early next year.

Crest Builder executive director Eric Yong says like all developers, the company is always on the lookout to add to its landbank, particularly from “cheap sales” in the vicinity of Kuala Lumpur.

“My father’s philosophy is to acquire land at a relatively cheap price so that there will be virtually no holding cost for us. He does not believe in buying land to keep,” says Yong, referring to Crest Builder founder and managing director Yong Soon Chow, who started the company as a construction firm in 1983.

Having built a solid reputation in the construction business for the past 25 years, the company ventured into property development only six years ago — the same time it was listed on the Main Board of Bursa Malaysia. The family holds a 44.3% stake in the group. Today, there are five Yong family members holding various positions in the company. Yong joined Crest Builder in 2003 as a project coordinator to learn the ropes in the various departments. He was eventually appointed executive director in 2008.

While Crest Builder has always kept a low profile, Yong felt its shareholders, potential investors and the general public should know more about the company’s activities. So, he started a blog — www.fromthepenthouse.blogspot.com — at end-2007 when 3 Two Square was completed.

“The blog was supposed to be an online archive on the company, but it became more active after we moved to 3 Two Square. So far, there isn’t any Malaysian blog about the construction/development sector, so I thought this could be it,” he adds.

Yong and his siblings wanted the construction company to be more diversified and be known for its multi-business cores such as property management, asset management and even mechanical and engineering services. “The easiest way to venture up the value chain is to evolve into property development,” says Yong.

To build its presence in the country’s property development sector, Crest Builder had purchased strategically located tracts in Petaling Jaya, Shah Alam and the high-end enclave of Mont’Kiara and has successfully developed or is in the midst of developing the tracts.

The company completed its maiden project — the leasehold RM280 million 3 Two Square in Petaling Jaya’s Section 19 — two years ago. The 5.5-acre commercial project features a 13-storey office tower, 199 office suites and 38 retail lots. The land was acquired for RM32 million in 2003.


In Kelana Jaya, Crest Builder began ground works on the 1.82-acre freehold Tierra Crest office tower. With plans to sell the RM130 million building en bloc, Crest Builder acquired the site for RM7.2 million in 2006.

In Shah Alam’s Batu 3, Crest Builder is currently developing the 36.8-acre freehold Alam Hijau project. It acquired the land for the project for RM22 million in 2005. The project, being implemented over five phases, has a gross development value (GDV) of between RM450 million and RM500 million.

Crest Builder also acquired a 2.93-acre lot in Mont’Kiara for RM6.7 million cash in 2004 and is now waiting for approval to develop a RM220-million condominium project called Kiara Crest, tentatively targeted to get off the ground early next year.


‘Mini’ Metropolitan Square

Sharing the company’s plans with City & Country, Yong is confident that its Damansara Perdana project will bear fruit, given the site’s good potential — easy access by way of LDP (without having to pay toll) and its coveted Petaling Jaya address.

He likens the new development, with a potential GDV of between RM160 million and RM200 million, to a “mini” Metropolitan Square located nearby. The yet-to-be-named two-phased project will comprise mostly serviced apartments and retail lots.

According to Yong, the developer will focus on the retail business and is busy identifying partners, such as hypermarket and supermarket retailers, for the retail lots. “We need to generate interest in our serviced apartments. With a ready catchment area in Damansara Perdana, including the nearby 4,000-unit Flora Damansara apartments, it makes sense to get the retail portion going,” says Yong.

For the serviced apartments, tentative prices range from RM300 to RM350 psf and the developer intends to keep built-ups small. “Our rates are competitive; buyers today are cautious about the amount they have to fork out due to the gloomy economic climate,” says Yong, who graduated with a civil engineering degree from London.



3 Two Square

The 3 Two Square development has a net lettable area of 740,000 sq ft and priced at RM275 psf. Since its launch, secondary values have risen by at least 28%, says Yong.

With only six of 199 office suites unsold, Crest Builder intends to keep them for its own use and has since moved into the office tower, occupying the entire penthouse floor. Occupancy rate for the office tower, with a net lettable area of 140,000 sq ft, is 85%. It boasts tenants such as Friesland Foods, Novartis, Euro RSCG and Celcom.

According to Yong, the office tower commands rents of between RM3.80 and RM4.20 psf (inclusive of maintenance fees). The developer currently enjoys monthly rents of RM500,000. It also manages the car park with 1,300 bays and obtains a monthly recurring income of RM100,000.

For the shopoffices, it is 60% occupied with rents ranging from RM2.50 to RM3 psf. So far, only 15 retailers have started operations on the ground floor, paying rents of RM6 to RM7 psf.


Alam Hijau

Work on the Alam Hijau commercial project began two years ago. Crest Builder plans to hand over the first two phases comprising 1,085 medium and medium low-cost apartments to Syarikat Perumahan Negara Bhd (SPNB) by mid-2010. The apartments were sold to SPNB for RM147 million under the affordable housing scheme (Rumah Mampu Milik).

For the third phase, it has obtained approval to build a block of 300 serviced apartments on a 2.7-acre site. The built-ups range from 800 to 1,200 sq ft. The ground floor has a retail space of 40,000 sq ft.

According to Yong, the developer conducted several surveys late last year on the surrounding population as it was unfamiliar with the area. “Although we found that there is demand for serviced apartments here, we have to be careful with our pricing as buyers today are worried about spending their money,” he adds. To keep them affordable, average units will be under RM200,000 (about RM245 psf).

To increase the marketability of the development, Crest Builder has started talking to investors, such as hypermarket and supermarket retailers, to take up space on its 3.8-acre site for the fourth phase.

The fourth phase will see a 3 to 4-storey retail podium, with an office tower sitting atop. It has a gross floor area of 500 million sq ft. “We are in talks with bowling and indoor futsal operators to set up shop here,” says Yong, adding that its Damansara Perdana development is similar in concept to Alam Hijau. At present, Crest Builder plans to lease out the fourth phase, which has a GDV of RM150 million.

The fifth and last phase is planned for a RM50 million purpose-built office which the developer intends to sell en bloc. Sitting on a 2.02-acre site, it has a gross built-up of 450,000 sq ft and the developer has identified several investors, including services sector players.

However, Yong says market conditions could change its plans for these three phases in Alam Hijau. “While the product mix is there, there is still room for change on matters such pricing and whether to keep or sell the products.”


Kiara Crest

Crest Builder’s upcoming Kiara Crest project in Mont’Kiara is a classic example of a strategy of snapping up land on the cheap and developing it when the time is right. The 2.93-acre plot on Jalan Kiara 5 was purchased in 2004 for only RM6.7 million cash, or RM52 psf. Yong estimates the land’s market value to be about RM30 million today.

The company hopes to get approval for the RM220 million project by mid-2009. If all goes well, construction works for Kiara Crest, the company’s first high-end development, will start early next year.

However, Yong says the company is not in a hurry to launch the project, thanks to the virtually zero-holding cost of the land. The developer is confident that by the time the three-year project is completed, it will be able to capitalise on an economic upswing.

Kiara Crest will be a 38-storey luxury tower housing 178 condominiums, with floor space of between 2,000 and 2,600 sq ft. With only six units per floor on 32 levels, the average unit will have between two and four bedrooms. Each unit will have a minimum of three car parks.

Although the site is just under three acres, the residential building will only sit on one acre, while the rest will be preserved as “forest” greenery, with lots of tropical trees, plants and walkways. Prospective buyers can roam around the “gated jungle without having to fear the unknown”, says Yong.

While the going rate for brand-new condos in Mont’Kiara starts from RM650 and goes up to RM900 psf, Crest Builder plans to price its condos starting from a “modest” RM500 psf.

While other “branded” developers in Mont’Kiara are pricing their new products at RM900 psf, Yong believes such prices are justified. “Take Bukit Kiara Properties and Sunrise Bhd; these developers come with a good track record, historical sales take-up and they spend a lot on marketing,” he adds.

“Kiara Crest’s price can surely sell despite us being a fairly new player in the high-end category. As long as we can achieve comfortable margins, we are happy.”

Kiara Crest is located near Sunway’s Casa Kiara 2 and Asiaquest’s Gateway Kiaramas. It is also a stone’s throw from Garden International School on Jalan Kiara 3.

On the launch date for the project, the developer intends to let market conditions decide. “We may opt for a build-then-sell method. When the market takes a turn for the better by 2012, we may even sell at RM700 psf. So it all boils down to timing and market sentiments,” says Yong.


Banking on construction

In view of the challenging market conditions, Yong says the company plans to scale down its property development activities and concentrate on construction work.

With a current construction order book of RM1.2 billion, Crest Builder has unbilled sales totalling RM900 million, which will keep it busy until mid-2011.

With building material costs dropping, Crest Builder will be aggressively bidding for projects but competition is expected to be keen. “With the price of steel bars now going for RM2,000 per tonne, there will be more players putting in tenders for projects. However, we have built a name for ourselves, particularly in building construction, thanks to my father,” says Yong.

The company won tenders for several construction projects last year, including Verticas Residensi in Bukit Ceylon, Kuala Lumpur; Northshore Gardens condominium in Desa Park City; and The Twins in Damansara Heights. Crest Builder typically targets clients or branded developers with good cash flow and historical results when it comes to take-up rates.

Its previous completed construction projects include The Meritz on Jalan Ampang, Scott Sentral Serviced Suites on Jalan Scott, Brickfields, The Residence in Taman Tun Dr Ismail and Kiara 1888 in Mont’Kiara.

Contribution to profit from the group’s construction division has steadily increased in recent years. Of the group’s profit after tax of RM20.03 million and RM40.19 million in 2006 and 2007 respectively, construction contributed 20%. Last year, based on the group’s unaudited profit totalling RM12.3 million, construction contributed 35%. This year, Crest Builder expects its construction division to contribute up to 75%, with the rest coming from property-related activities.

On its landbank acquisition, Yong says the group hopes to secure another “super profit” project like 3 Two Square, adding that it can afford to purchase land with a maximum price of RM150 million.

“We are eyeing good locations, particularly the Kuala Lumpur City Centre (KLCC) area. We are able to secure bank loans of up to 80%. In the past, we took loans of up to 70%, while some purchases were paid in cash. However, we are exercising extra caution now with the current market situation,” says Yong.

Crest Builder is in the enviable position of being able to fall back on its construction business when the property market experiences turbulence. This, coupled with its relatively stable financial position, will enable Crest Builder to capitalise on buying opportunities during the current downturn.

Yong says the company is confident there will be opportunities for Crest Builder to build up its landbank “in the not too distant future”.
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Old April 22nd, 2009, 08:01 AM   #430
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Carrefour: Keputusan Jumaat ini
KUALA LUMPUR 21 April - Semua kementerian dan agensi yang terlibat dengan pembinaan pasar raya Carrefour di Kota Damansara yang mendapat bantahan penduduk kawasan itu perlu membuat keputusan sama ada pembinaan itu perlu diteruskan atau sebaliknya pada Jumaat ini.

Sehubungan itu, Biro Pengaduan Awam (BPA) Jabatan Perdana Menteri mengarahkan semua agensi yang terbabit dengan projek pasar raya itu membuat kajian semula dengan segera.

Timbalan Menteri di Jabatan Perdana Menteri, Senator T. Murugiah berkata, hasil kajian itu kemudiannya perlu dibentangkan kepada beliau supaya satu keputusan dapat diambil.

Menurutnya, kajian semula itu perlu kerana pembinaan pasar raya itu mendapat bantahan daripada penduduk sekitar.

"Saya berjanji akan memanjangkan perkara ini kepada kementerian dan agensi yang berkaitan hari ini juga dan pegawai-pegawai yang terlibat perlu bersemuka dengan saya untuk menjelaskan isu ini.

"Keputusan tentang perkara tersebut akan diperoleh selewat-lewatnya hari Jumaat ini," katanya.

Beliau berkata demikian kepada pemberita ketika diminta mengulas tentang isu pembinaan Carrefour Kota Damansara yang mendapat bantahan daripada penduduk di sekitar kawasan itu pada majlis bertemu rakyat di Pusat Kegiatan Masyarakat Sri Batu di Sentul hari ini.

Murugiah menambah, pihak berkuasa tempatan (PBT) sepatutnya menyelidik dan membuat kajian terlebih dahulu sebelum memberi kelulusan kepada sebarang projek.

Ini, jelasnya, adalah bagi mengelakkan peraturan dan undang-undang yang dikuatkuasakan diperlekehkan oleh golongan tertentu.

Ujarnya, pegawai PBT juga perlu turun padang untuk memastikan projek yang diberi kelulusan menepati kriteria-kriteria yang telah ditetapkan.

"Kadang-kadang sesetengah agensi yang dilantik untuk memeriksa projek tidak menjalankan tugas dengan betul dan amanah, jadi ada kemungkinan mereka akan melakukan kesilapan.

"Perkara berkenaan akan dapat dipastikan sekiranya pegawai yang bertugas turun padang dan melihat sendiri keadaan sesebuah projek yang dijalankan," ujarnya.

Tambah beliau, projek pasar raya berkenaan telah diluluskan sejak tahun 2005 namun sehingga kini ia tidak dapat disiapkan kerana mendapat bantahan daripada penduduk.

Jelasnya, bantahan tersebut dikemukakan berikutan pembinaan pasar raya berkenaan berdekatan dengan kawasan perumahan dan sekolah yang dikhuatiri boleh membawa masalah sosial.

"Pembinaan pasar raya berkenaan sudah 40 peratus siap dan pembinaannya akan diteruskan. Arahan lanjut berkaitan projek tersebut akan diputuskan oleh pihak berwajib selepas mendapat laporan daripada agensi yang terlibat," ujarnya.

Sebelum ini, Utusan Malaysia telah melaporkan bantahan penduduk Kota Damansara terhadap pembinaan pasar raya itu yang didakwa terlalu hampir dengan kawasan perumahan dan sekolah.

Kekecewaan mereka yang terdiri daripada Gabungan Persatuan-Persatuan Penduduk D'Villa Botany, Gugusan Dedap, Bayu Damansara, Persatuan Ibu Bapa dan Guru (PIBG) Sekolah Kebangsaan Seksyen 11 dan Friends of Damansara diluahkan dengan mengadakan tunjuk perasaan di hadapan tapak pasar raya itu.

Mereka mengadakan tunjuk perasaan kali kedua selepas bantahan mereka tidak mendapat perhatian sewajarnya daripada kerajaan.
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Old April 28th, 2009, 04:17 AM   #431
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Ken looks to RM80m HQ for recurring income
Published: 2009/04/28



The property developer's 12-storey office block is expected to provide an annual rental income of RM12 million to RM15 million.

Property developer Ken Holdings Bhd (7323) will build its RM80 million headquarters in Taman Tun Dr Ismail to help provide recurring income for the group.

The 12-storey office block, to be ready in three years, is expected to provide an annual rental income of RM12 million to RM15 million.

Construction of the office block will begin by the year-end or in the first quarter of next year.


"We target to build a Grade A and green-mark office block which promotes environmental awareness. We plan to rent out about 90 per cent of the space to tenants," Ken Holdings managing director Kenny B.K. Tan told reporters after its shareholder meeting yesterday in Kuala Lumpur.
Tan said the development will probably be financed using internal funds. The group has zero debt.

Initially, Ken Holdings was supposed to build two 20-storey buildings - an office tower and serviced apartments - on about 5ha along Jalan Burhanuddin Helmi.

It had purchased the land from Prokhas Sdn Bhd for RM15.8 million.

However, the plans came to a halt when residents in the vicinity protested against the development.


On its financial outlook, Tan said the company will be able to sustain its performance with the projects in hand.

It posted net profit of RM6.3 million against revenue of RM39.1 million in the financial year ended December 31 2008.

The gross development value (GDV) of its ongoing projects in the Klang Valley and Penang are estimated at RM700 million and will keep the company busy for five years.

"We will also finish our serviced apartments, known as Ken Bangsar, in Bukit Bandaraya by the third quarter of 2009," Tan added.

The project, with a GDV of RM120 million, comprises 14 floors with 80 units. Prices range from RM650 to RM1000 per sq ft.

The take-up has been close to 50 per cent as Ken Holdings has had two soft launches.

Tan also said that the group was looking to expand its landbank, but only at the right location and a good price.

Ken Holdings has a landbank of 56ha in the Klang Valley, Penang, Genting Highlands and other strategic locations.

Tan said that property prices in prime areas such as Bangsar, Mont'Kiara and the Kuala Lumpur City Centre were still holding firm.

"I can see the low- and medium-end housing being affected compared to high-end projects. However, the property market will probably be a bit more stable by year-end," he said. - By Jeeva Arulampalam
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Old April 29th, 2009, 06:09 AM   #432
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Pembinaan Carrefour dihenti

Oleh Dg. Ku Mahirah Ag. Binting
kota@utusan.com.my

SENTUL 28 April – Perjuangan penduduk Kota Damansara yang membantah projek pasar raya besar Carrefour berhampiran kediaman mereka akhirnya berjaya setelah lesen pembinaannya ditarik balik serta- merta.

Keputusan mengenainya diumumkan oleh Timbalan Menteri di Jabatan Perdana Menteri, Senator T. Murugiah hari ini.

Murugiah, yang juga pengerusi Biro Pengaduan Awam (BPA) berkata, keputusan tersebut telah dipersetujui oleh Ketua Pengarah Kementerian Perdagangan Dalam Negeri dan Hal Ehwal Pengguna (KPDNHEP) setelah siasatan pihaknya mendapati projek berkenaan melanggar banyak garis panduan yang ditetapkan oleh kerajaan.

“Pihak pemaju projek telah melanggar beberapa syarat, antaranya lokasi pasar raya itu yang berdekatan dengan sebuah sekolah di kawasan tersebut.

“Selain itu semasa pihak pemaju menjalankan kaji selidik dengan penduduk sekitar mengenai pembinaan pasar raya di kawasan itu mereka hanya melakukannya secara lisan tanpa mendapat persetujuan hitam putih,” katanya.

Beliau berkata demikian kepada pemberita ketika diminta mengulas tentang isu pembinaan Carrefour Kota Damansara yang mendapat bantahan daripada penduduk sekitar kawasan itu, pada majlis bertemu rakyat di Pusat Kegiatan Masyarakat Sri Batu, Sentul di sini hari ini.

Murugiah menambah, pihak pemaju perlu mencari tempat lain yang sesuai jika ingin meneruskan pembinaan projek tersebut.

“Pemaju tersebut juga akan diambil tindakan kerana memberi laporan yang tidak betul ketika mendapatkan lesen pembinaan pasar raya tersebut,” tambah beliau.

Tambahnya, pihak berkuasa tempatan (PBT) bertanggungjawab untuk merobohkan binaan pasar raya berkenaan yang telah siap sebanyak 40 peratus.

Sehubungan itu, Murugiah mengingatkan bahawa pemaju yang tidak mematuhi peraturan yang telah ditetapkan akan dikenakan hukuman sewajarnya.

Ini, jelasnya, adalah bagi mengelakkan peraturan dan undang-undang yang dikuatkuasakan diperlekehkan oleh golongan tertentu.

Tambah beliau, projek pasar raya berkenaan telah diluluskan sejak tahun 2005 namun sehingga kini ia tidak dapat disiapkan kerana mendapat bantahan daripada penduduk.

Sebelum ini, Utusan Malaysia telah melaporkan bantahan penduduk Kota Damansara terhadap pembinaan pasar raya itu yang terlalu hampir dengan kawasan perumahan dan sekolah.

Selain itu, penduduk juga bimbang kewujudan pasar berdekatan kediaman mereka akan membawa masalah sosial.

Rasa tidak puas hati penduduk itu telah disalurkan menerusi tunjuk perasaan berdekatan tapak projek yang disertai oleh Gabungan Persatuan- Persatuan Penduduk D'Villa Botany, Gugusan Dedap, Bayu Damansara, Persatuan Ibu Bapa dan Guru (PIBG) Sekolah Kebangsaan Seksyen 11 dan Friends of Damansara selain membuat aduan kepada BPA selepas aduan dan rayuan mereka kepada kerajaan negeri ditolak.
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Old May 6th, 2009, 03:24 PM   #433
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The land next to Cineleisure & Surian Tower is being fenced up. Any idea whats coming up?
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Old May 6th, 2009, 04:16 PM   #434
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The land next to Cineleisure & Surian Tower is being fenced up. Any idea whats coming up?
if i'm not mistaken a new hotel - i codenamed "2nd Royale Damasara"
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Old May 6th, 2009, 05:34 PM   #435
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so fast building another hotel? Really wonder how's the occupancy in Royale Bintang like. How many stories?
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Old May 6th, 2009, 05:39 PM   #436
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so fast building another hotel? Really wonder how's the occupancy in Royale Bintang like. How many stories?
is mentioned in the news before and the occupacy of the existing one is not too bad
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Old May 7th, 2009, 07:19 AM   #437
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http://investorsanonymous.blogspot.com/
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Old May 7th, 2009, 08:14 AM   #438
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waaaaa...so shock la dis 1...project almost complt n not even launched yet...

http://www.flamed2.com/urban/2009/04...otos/#more-122

http://www.skyscrapercity.com/showthread.php?t=673960

3 blocks over 900units and another 120lowcost units...waaa....dis area must be dem bz la....


image hosted on flickr


image hosted on flickr

Last edited by rizalhakim; May 7th, 2009 at 08:22 AM.
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Old May 12th, 2009, 04:25 AM   #439
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1 Utama wraps things up

2009/05/11


PETALING JAYA: The Japanese custom of using a recyclable cloth known as "furoshiki" is being adopted by 1 Utama Shopping Contre in its on-going environmental campaign.

During the campaign, which ends on June 30, 1 Utama is giving away furoshiki, which can be used to wrap items.

The Japanese, after receiving a gift wrapped in furoshiki, remove the cloth and recycle it to wrap their next present, making it a greener alternative to using wrapping paper.

1 Utama director Datuk Teo Chiang Kok said the Japanese practice of using furoshiki highlights the principle of making full use of an item and not being wasteful.


"The Japanese incorporate furoshiki in their daily lifestyle, and it's amazing how a piece of cloth can contribute so much towards conserving the environment.

"For this campaign, we will give out free furoshiki, which can be used to wrap items and reduce the use of bags.

There will also be demonstrations on how to wrap items using the cloth at ground floor of High Street here." he said at the launch of the campaign.

To receive the furoshiki, spend a minimum RM150 in a single receipt. OneCard members, however, can redeem the cloth by spending RM100 in a single receipt.

Teo said the campaign was an extension of the Go Green campaign which began two years ago.

"We have previously conducted a few programmes including the 'Recycle-A-Bottle, and 'Go Green without Wrapping' which were hits with our customers," he said.

Present at the launch was Yoko Orie, wife of Japanese Ambassador to Malaysia, Masahiko Horie.

During the launch there was a wrapping demonstration using furoshiki by Japanese expert, Hisako Sube.

Customers also shopped for Japanese tidbits, decorative items and tea, which were among some of the products displayed during the shopping centre's Japanese Fair Mother's Day celebration, which ended on Sunday.
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Old May 12th, 2009, 05:20 AM   #440
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Quote:
Originally Posted by rizalhakim View Post
waaaaa...so shock la dis 1...project almost complt n not even launched yet...

http://www.flamed2.com/urban/2009/04...otos/#more-122

http://www.skyscrapercity.com/showthread.php?t=673960

3 blocks over 900units and another 120lowcost units...waaa....dis area must be dem bz la....


image hosted on flickr


image hosted on flickr
let me know when they launched ek, rizal
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