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Old December 28th, 2007, 01:30 PM   #761
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KL Sentral
Brickfields enjoys spillover effects
OVER the last eight years, the profile of Brickfields has slowly developed, according to international property consultant C H Williams Talhar & Wong Sdn Bhd senior executive director P’ng Soo Theng. “There has been hardly any land in Brickfields for further development and improvement the lastseveral years. The image of Brickfields was built on efforts to develop the RM8 billion integrated KL Sentral transport and commercial hub located just opposite,” P’ng said. He said Brickfields will be further enhanced when the three million sq ft of commercial properties, currently under construction at KL Sentral, is completed by 2010.

About 19 million sq ft was approved by the Government for the development of KL Sentral. So far, 4.5 million sq ft of commercial and residential projects have been completed. A further 11.5 million sq ft of land will be utilised for future developments. P'ng told Business Times that Brickfields will enjoy the spillover effects of KL Sentral, which is expected to be completed by 2016, boosting property prices further. In fact, prices of properties in Brickfields have been rising since the integrated commercial hub started in 1997, he added.

A model of the integrated KL Sentral



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Old December 28th, 2007, 01:35 PM   #762
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Mid Valley City











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Old December 28th, 2007, 01:41 PM   #763
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Damansara City









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Old December 28th, 2007, 01:52 PM   #764
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Quote:
Solaris Mon't kiara
Aspiring entrepreneurs and well-heeled businessmen will be excited about [email protected]’Kiara, commercial shop office blocks situated on 13 acres of freehold land.

[email protected]’Kiara Phase 1 comprises 79 stylishly designed units of 3-, 4- and 5-storey shop offices which features cutting-edge futuristic designs. Phase 2 consists of 3 towers of 8- to 10-storey office suites and retail outlets with a 4-storey basement car park.

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Old December 28th, 2007, 02:26 PM   #765
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Capsquare



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Old December 31st, 2007, 11:58 AM   #766
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Can see Petronas Twin Towers and Genting highland as usual

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Old January 1st, 2008, 07:59 AM   #767
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PJ8
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Old January 1st, 2008, 10:14 PM   #768
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very nice projects
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Old January 1st, 2008, 10:33 PM   #769
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wow..very nice pics
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Old January 2nd, 2008, 03:31 PM   #770
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New Projects :
photos by rizalhakim
[email protected] ISMAIL





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Old January 3rd, 2008, 06:44 AM   #771
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by kayno_2000

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Old January 5th, 2008, 08:44 AM   #772
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Super duper slow, but it is a beatiful building.
__________________
۞Born to be Khalifah۞
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Old January 6th, 2008, 05:23 PM   #773
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Completing soon 2008
Retail :
1. Sooka Sentral @ KL Sentral / Malaysia Resources Corporation Berhad
2. Solaris @ Mont’Kiara / Sunrise Berhad
3. Capsquare / Bandar Raya Developments Berhad

Office :
4. 6 storeys - Bank Negara Resource Centre / H & I Niaga Sdn Bhd
5. 21 storeys - Menara Hap Seng Facelift / CBD Properties
6. 26 storeys - Office Tower on jalan P.Ramlee / Malaysia Landed Property Sdn Bhd
7. 29 storeys - Wisma Lee Rubber Facelift / Lee Rubber Co (Pte) Ltd
8. 29 storeys - UEM New Corporate Headquarters / UEM Group
9. Two 31 storeys - The Gardens South/North Tower @ Mid Valley City/ IGB Corporation Berhad
10. 42 storeys - CIMB Bank Tower / IJM Properties Sdn Bhd

Note : Menara/Wisma Means Tower (Office)

Residential :
11. 20 storeys - Park Seven / SDP Properties Sdn Bhd
12. 25,26 storeys - Suria Stonor / Glomac Berhad
13. 30,16,13 storeys - One Residency / Lion Group
14. 30 storeys - 633 Residency / YNH Property Berhad
15. 30 storeys - Lot 163 suites / YNH Property Berhad
16. 27,30 Gardens Hotel, The Gardens Residences @ Mid Valley City / Mid Valley City Developments Sdn Bhd
17. Twin 37 storeys - Suasana Sentral Loft @ KL Sentral / Suasana Sentral Two Sdn Bhd
18. 41 storeys - The Avare / Magna Prima Bhd
19. 45 storeys - Cendana / Tan & Tan Developments Berhad
20. 50 storeys - K Residence / Olympia Industries Bhd

Last edited by nazrey; January 15th, 2008 at 01:13 PM.
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Old January 6th, 2008, 05:28 PM   #774
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Update :Lot 4G7 - 16-storey office tower



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Old January 7th, 2008, 07:33 AM   #775
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Bandar Sunway (Sunway City)
Sunway South Quay





Mideast fund snaps up Sunway City condo
By Vasantha Ganesan Published: 2008/01/07
BusinessTimes

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Radiant Splendor has bought Sunway Pallazzio Block B, due to be completed in 2010, for an estimated RM220 million, sources say
SUNWAY City Bhd has concluded its second en bloc sale - the Sunway Pallazzio Block B for an estimated RM220 million to a firm linked to a Middle Eastern fund.

The buyer for the property, which is under construction, is Radiant Splendor Sdn Bhd, a special purpose vehicle affiliated to the fund, sources say.

Sunway Pallazzio, an 80-unit super luxury condominium in Sri Hartamas, was sold at around RM750 per sq ft. The building is due to be completed in 2010.

The sale underscores the attraction of Malaysia's property market, which has been buzzing since the government lifted a sales tax and made it easy for foreigners to own property.

The source added that with the sale, Suncity could save up to RM10 million in promotional and marketing costs.

The announcement is set to be made this week.

Suncity's chief financial officer Koong Wai Seng declined to comment on the deal when contacted.

However, Koong noted that Suncity had completed its first enbloc sale - the Sunway South Quay deal with a South Korean investor - on December 27 last year.

This 249-unit luxury condominium in Sunway South Quay, was sold for RM170 million to Luxury Court Sdn Bhd, a joint venture between property developer CI Korea and Daol Fund.

Daol Fund is South Korea's First Real Estate Asset Management Specialists with US$10.7 billion (RM35.1 billion) asset under its management.

Established in June 2006 with a US$310 million (RM1.02 billion) real estate fund, it is backed by South Korea's four top-tier banks and two major securities firms including Worri Bank, Hana Bank and National Agricultural Cooperative Federation Bank.

The Sunway South Quay Korea community will be a twin city of the the US$337 million (RM111 billion) HongCheon Senior Leaders country project under development.

"With the Daol Fund (in the picture), the likelihood of the option given to CI Korea to purchase another enbloc property next to the first property has increased," Koong said, adding that the price tag on the option is around RM200 million.
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Old January 7th, 2008, 02:45 PM   #776
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kamana suit
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Old January 7th, 2008, 05:36 PM   #777
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Solaris Mon't kiara
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Old January 7th, 2008, 06:13 PM   #778
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Kiaraville



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Old January 7th, 2008, 08:05 PM   #779
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very nice project
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Old January 8th, 2008, 10:51 AM   #780
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Alliance Bank Tower's Twin to be Completed

Bandar Raya to sell office tower for RM439mil
The Star, 8 January 2008

By KATHY FONG

KUALA LUMPUR: Bandar Raya Development Bhd (BDRB) has found a European buyer for Office Tower 2 (OT2), which has been left uncompleted since 1997, for RM439.3mil.

“This (the sale of OT2) is the most significant part of the puzzle ... it will bring the Capital Square project to a closure,” BDRB chief executive officer Datuk Jagan Sabapathy told StarBiz yesterday.

In a statement to Bursa Malaysia, BDRB said its 70%-owned unit, Capital Square Sdn Bhd, signed a conditional sales and purchase agreement with Germany-based Union Investment Real Estate AG for the en bloc sale of the 41-storey office building.

The proposed sale would enable the company to unlock the value of OT2. The cash received could be utilised to finance the development of the other components of the Capital Square project.

The proposal was expected to contribute to BDRB's earnings for the financial years ending Dec 31, 2008 (FY08) to FY10.

Analysts said such en bloc sales would normally help ease a property developer's cashflow and it need not have to worry about cash being tight in unsold units when the project was completed.

Union Investment is an international investment management company specialising in open-ended real estate funds for private and institutional investors. It has assets under management amounted to 11.6 billion euros and has expanded into 12 new markets, including Japan, Singapore, Mexico and Hungary.

The OT2, which will be completed in 2011, is a Grade A office block at Jalan Munshi Abdullah in Kuala Lumpur.

With net lettable area of 600,000 sq ft, the sale consideration of RM439.3mil will be translated to about RM734 per sq ft.

Jagan said the deal signified a big improvement in the pricing of commercial property in the city centre.

“For a long time, the valuation (on commercial properties) was sitting between RM650 and RM700 per sq ft. We have gone past that,” he noted.

Analysts concurred the pricing was fair for the location, although it was not a hefty premium.

The latest en bloc deal prior to BDRB's transaction was done by Mah Sing Group Bhd, which managed to sell The Icon Jalan Tun Razak (East Wing) in November to Prompt Symphony Sdn Bhd for RM237mil or RM969 per sq ft.

Prompt Symphony is a special-purpose vehicle set up by Kuwait Finance House and Autron Corp Ltd.

Mah Sing, however, sold the The Icon's West Wing to Koperasi Permodalan Felda in July for RM174.4mil, or about RM714 per sq ft. Jagan took pride that this was one of the first deals that brought an European real estate management firm into the Malaysian property market.

“We have not seen much European funds. We have seen more foreign buyers from the Middle East,” he said.

To clinch a deal with the top real estate company, Jagan said BDRB had gone through an “exhaustive process.” The buyer had done stringent audit on BDRB, ranging from the design, the group's ability to deliver to its existing completed projects.

“It took three months for us to complete the due diligence process,” he said, adding that the success of the deal might help to pave the way for BDRB and Union Investment to explore more opportunities locally and in the region.
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