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Old February 24th, 2008, 08:06 AM   #941
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Old February 24th, 2008, 12:28 PM   #942
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The Icon



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Jalan Tun Razak
by Ade y Maria

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Old February 25th, 2008, 08:09 AM   #943
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The Paradigm by WCT Land

Last edited by Cerulean; February 25th, 2008 at 08:15 AM. Reason: Shifted to Petaling Jaya Forum
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Old February 25th, 2008, 08:19 AM   #944
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The Paradigm to be WCT Land’s first high-rise project
By S.C. CHEAH from The Star, 25 February 2008

WCT Land Bhd ushered in the New Year with a bang: it recently gave an exclusive preview of its first high-rise development called The Paradigm, billed as “The rising icon of Petaling Jaya”.

The Paradigm, with a gross development value (GDV) of about RM1.26bil, comprises The Escalade Corporate Office Towers, The Ascent Corporate Office Suites and The Paradigm Mall.

The Escalade will have four blocks of office towers with a net lettable area of 1.4 million sq ft. It will feature column-free floor plates, full-height glass panels for natural light ventilation, energy-saving devices, quality finishes and ample parking bays.

The Ascent is a 30-storey office suite with 350,000 sq ft net lettable area while The Paradigm Mall, with 700,000 sq ft net lettable area, will showcase the latest in fashion and retail. There will be a unique shady walkway designed for alfresco dining and entertainment that are in vogue in trendy cities all over the world.

The Klang-based company has traditionally been a township developer with projects such as Bandar Bukit Tinggi 1, 2 and 3, the luxury golf-front residences of d'Banyan Residency in Kota Kinabalu and the new AEON Bukit Tinggi shopping centre, which is Malaysia's largest AEON shopping centre with about 200 tenants and over 5,000 car parking bays.


An artist’s impression of The Paradigm

The new AEON Bukit Tinggi gives Klang Valley folk an opportunity to enjoy a one-of-its-kind, one-stop shopping and entertainment centre.

WCT Land Bhd chairman Datuk Chua Soon Poh said the company always tried to set new standards and benchmarks in all that its endeavours.

“The Paradigm is an iconic development that challenges the norm and embodies our values and spirits, giving rise to a dynamic expression of quality and spectacular architecture,” he said.

He added that the project would have multiple ingress and egress points. Several highways such as the Federal Highway, NKVE, Sprint and Penchala Link serve this development.

Chua said the current buoyant office market was witnessing a trend of businesses relocating from the city centre to Petaling Jaya. “Due to the availability of quality buildings, the occupancy rate in Petaling Jaya has increased to 89%. We believe this to be the start of a future trend.”

He said the company had a total land bank of about 1,369 acres with total GDV of RM5.2bil, of which projects worth about RM3bil in GDV had been launched. “We are looking for more land as well as joint ventures,” he added.

General manager Stewart Tew said the company was targeting public listed companies and multinational companies for its office towers. “We plan to do some road shows overseas, including in the Middle East,” he said.

The company has also successfully launched the d'Banyan @ Sutera, (within the Sutera Harbour Marina, Golf & Country Club) comprising 14 units of three-storey detached villas called Petrusa (five spacious bedrooms with attached bathrooms) that boast a designer swimming pool each, large double-volume living area, and formal and informal dining areas.

The bedrooms look out onto the golf course with either city or sea views. There are covered and open terraces for relaxation.

There are also 48 units of the Aurea (2½-storey semi-detached villas) and 60 units of the Citrifolia (two-storey superlink villas), both with four bedrooms with attached bathrooms, as well as designer swimming pool for selected units and large living areas.

All the houses come with the Sutera Preference Share Golf Individual Membership.
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Old February 25th, 2008, 04:30 PM   #945
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NEW PROJECT
Menara Felda & Business Suites @ KLCC
Naza Group
The project will consist of 50-storey, 38-storey and 33-storey
Grade A office towers and a five-star 30-storey serviced apartment tower.







The Site

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Old February 26th, 2008, 11:15 AM   #946
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Mayland plans RM2.5b launches
The Star, Tuesday, 26 February 2008

By SURAJ RAJ [email protected]

PUTRAJAYA: Malaysia Land Properties Sdn Bhd (Mayland) will be launching RM2.5bil worth of properties in the next 18 months. Vice chairman Tan Sri David Chiu said the developments would comprise mainly prime residential projects and commercial properties.

“Currently we have close to 10 projects being planned and under construction in Kuala Lumpur, Selangor and Johor Baru, with total investments exceeding RM1bil,” he said after Mayland's wholly-owned subsidiary, Bliss Avenue Property Development Sdn Bhd, completed the sale and purchase agreement for a piece of commercial land from Putrajaya Holdings Sdn Bhd (PJH) yesterday.

Mayland, which is a unit of Hong Kong-based Far East Consortium International Ltd, purchased the 6,300 sq m land for RM23.7mil. It plans to build an office tower with a gross floor area of 39,105 sq m.

“It’s going to be an office building with some commercial elements on the ground floor. It will be between eight and 14 storeys,” he said, adding that total construction cost was estimated at RM100mil.
Construction is expected to start in four months and Mayland is optimistic of fetching rental rates of RM4 to RM5 per sq ft.

Chiu said the acquisition was geared toward long-term investment, as the company expected demand for commercial space in Putrajaya to strengthen further in the future. “We have received promising inquiries from both the government and private sectors and I think demand is here and people see the future in Putrajaya,” he added.

PJH chief executive officer Azlan Abdul Karim said to date the company had sold about six acres of commercial land for about RM90mil. “In terms of commercial land, we have 300 acres. We want to sell about 10% of it,” he said, adding that the average pricing for commercial lots ranged between RM350 and RM400 per sq ft.

While the main thrust of Putrajaya had been the development of government buildings, Azlan said it was necessary for the commercial aspect of the city to be fast-tracked. “For the city to be sustainable, it has to have commercial influence. We need serious developers to come in to create vibrancy,” he said, adding that investment bankers from Hong Kong and the US had shown encouraging interest in Putrajaya.
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Old February 26th, 2008, 04:09 PM   #947
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NEW PROJECT
E&O on target for 2008



An artist's impression of E&O's proposed commercial tower in KL

PETALING JAYA: E&O Property Development Bhd’s plans to launch two high-end projects during the third quarter of the year are on target. One is a commercial development situated on a 4.1- acre site in Kuala Lumpur, while the other is a residential project on a 21-acre parcel
within its 980-acre Seri Tanjung Pinang seafront, mixed development in Penang.

According to its marketing and sales director KC Chong (pix), it has since begun sub-structure works on the former St Mary’s school site in Jalan Tengah in KL. Plans are for a mixed commercial development featuring serviced apartments and retail and food and beverage outlets.

“We will be launching the apartments in phases and will have built-ups of between 1,000 sq ft and 3,000 sq ft,” Chong told theSun after the Group’s post-EGM press conference last week. On the apartments’ pricing, Chong would only say that property prices in the vicinity have breached the RM1,000 psf mark.

It also plans to retain some units for rental income. There will be 657 units housed in three 28-storey blocks as well as 35,000 sq ft of retail space. Adjoining the project on a 1.1-acre site will be a 35-storey Grade A commercial building owned by the E&O Group that will be kept for investment purposes.

Also planned for launch in the third quarter are 1,000 condominium units, with a gross development value (GDV) of more than RM1 billion, which form the last leg of development for the first phase of Seri Tanjung Pinang totaling 240 acres. The first phase has a GDV of RM2.7 billion.

Earlier during the press conference E&O Property Development managing director Datuk Terry Tham said E&O is currently in negotiations with several local and foreign parties to jointly develop the project.

On the condos’ (that will be partially furnished) pricing, Chong said that it would reflect the prices of its Suites at Waterside project in the first phase of Seri Tanjung Pinang, which are priced at about RM600 psf.

On the progress of the Seri Tanjung Pinang development, Chong said it has obtained approvals from the state government on the concept of the second phase totaling 740 acres. The second phase comprises a cluster of three islands that will be connected to the mainland.

“For the next two years, we will be getting the necessary approvals as well as starting the physical works on the site. This phase will take between 10 and 15 years to complete and
the components will be similar to those residential and commercial properties in the first phase.
We have plans to introduce gated homes,” said Chong.

Meanwhile shareholders of E&O Property Development have given their approval for its merger with Eastern & Oriental Bhd at a courtconvened meeting last week. Approvals were also obtained from shareholders of Eastern & Oriental Bhd at an EGM that was held after the court-convened meeting.

With the merger targeted for completion by June, Tham said it plans to enhance its hospitality and lifestyle, and property investment businesses alongside property development, which now contributes more than 90% to the group’s earnings. It aims to scale the earnings contribution from property development to 60% and equal contribution from the other two sectors, Tham added.
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Old February 27th, 2008, 04:37 PM   #948
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PJ Exchange (PJX)
34-storey





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Old February 28th, 2008, 03:37 PM   #949
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Damansara City
Damansara Height









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Old February 28th, 2008, 04:38 PM   #950
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PJ Trade Centre









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27/2/08

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Old March 2nd, 2008, 12:17 PM   #951
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Tropicana city



Tropicana Designer suites & Signature Office Tower



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Old March 2nd, 2008, 12:27 PM   #952
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Jaya One in Section 13, Petaling Jaya



New landmark: Jaya One in Section 13, Petaling Jaya,
will house the PJ Live Arts, a community arts centre and theatre.

For more information, visit their website www.jayaone.com.my.

Quote:
Jaya One

Jaya One leads the way for lifestyle changes in PJ
Saturday March 1, 2008
By THEAN LEE CHENG



Jaya One covers 11 acres of Section 13’s 200 acres.

SOON to become a prominent landmark fronting Jalan Universiti, Petaling Jaya, Jaya One will be among one of the larger development in Section 13, says developer Tetap Tiara Sdn Bhd.

Its executive director Charles Wong says Section 13 is expected to have among the first run of new commercial projects under the “ongoing regeneration of Petaling Jaya”.

The other areas that will be undergoing various changes include SS2, Kelana Jaya, and Section 52, commonly known as PJ New Town.

(There are plans to convert some of the industrial pockets into commercial title by the local authorities.)

“The term 'regeneration' encompasses a host of changes. This include a change in the buildings in the area, a change in identity from industrial to commercial, for example, all of which boils down to a change in lifestyle for the people in that area,” Wong says.

Wong says Section 13 comprises 200 acres and Jaya One will occupy just over 11 acres of it. The first phase is now complete and is expected to be fully tenanted by the middle of this year.

Another new development in Section 13 is Jaya33. Close by is 3 2 Square, located in Section 19. A couple of factory lots are undergoing development, to be replaced by office buildings.

“So changes are afoot along Jalan Semangat, which divides Section 13 and Section 14. Jaya Supermarket will be pulled down and something better will come up. All these are part of the regeneration process,” says Wong.

Wong is following the footsteps of his father, L&H Property Development Sdn Bhd executive chairman Wong Chee Kooi. L&H is the main shareholder of Tetap Tiara.

Says Wong senior: “I used to see the Alcom and Colgate factory coming up in the area in the late 1950s and early 1960. At that time, I was working for a consultant and used to come around to see the place. Now my son is developing Jaya One. This is certainly exciting. It says a lot about the growth in this once quiet satellite town of Petaling Jaya.”

Wong says the other industrialised area is the Jalan Tandang vicinity. Although earmarked as industrial land, Section 13 is expected to be converted to commercial land. Right now, this is being done on an ad hoc basis as factories move out and land owners find uses for their land.

“It is natural for land owners to maximise the value of their land and we see this happening around us,” says Wong senior.

Jaya 33 Sdn Bhd, for example, will be converting the adjacent land into a high-rise block, comprising either office units or service apartments while Tetap Tiara has a second piece of land of about 3.8 acres, behind Jaya One, which it will mull over later on.

“Section 13, in terms of land value, is undervalued. Once converted to commercial land, its value will up very quickly,” Wong says.

When Jaya One was first launched several years ago, its standard office lots were sold for RM220 per sq ft.

They are transacting for about RM350 psf today while the ground floor shop lots were launched at about RM750 psf.

Buyers of ground floor shop lots had to buy the first two floors of offices as well. Now investors are letting go of the office units.

“Nobody wants to sell the ground floor shop lots so it is not possible to compare how much they can fetch today,” says Wong senior.

He says about 40% bought for their own use while 60% were investors.

Tetap Tiara is keeping the centre portion, known as Palm Square. This comprises a cluster of eight two-storey developments, a theatre, and an annex block. They are also managing the car park. They will maintain the place until a committee has been set up.

“What is crucial for Jaya One is the retail mix and maintenance so we will watch this closely,” says Wong.

About three-quarters of the nett built-up of about 400,000 sq ft comprises offices and the rest retail. About 90% of the retail portion will be food and beverage (F&B) outlets.

“Because our frontage faces Jalan Universiti, two colleges have shown interest. This is a change of plans for us, but we view this positively. We had initially wanted showrooms to face Jalan University. A foreign bank has also shown interest. So our plans are changing. The F&B side is going according as planned. So there are positive surprises,” says Wong.

The retail offices are being rented out at between RM2.30 and RM2.50 psf for the standard lots of 1,800 sq ft. Corner units are going for RM3 psf. Jaya33 prices are higher at around RM4 psf. Their floor plate is also larger, between 5,000 q ft to 10,000 q ft, with a certain degree of flexibility to go right up to 20,000 q ft.

Section 19’s 3 2 Square office lots are less than 2,000 sq ft.

Wong cautioned it is not possible to benchmark Jaya One against any other development because there is none similar to it.

“Not on this scale, at least, because 11 acres is a huge development, once phase 2 is complete,” he says.

While developers are happy with the changes in development in the area, Petaling Jaya residents are concerned with the congestion that is taking place around them. Their concerns include parking woes, bumper-to-bumper traffic during peak and certain off-peak periods, and the lack of improvement in public transport within Petaling Jaya.

Complaints to the local authorities have increased but even as these new developments spring up, residents continue to demand a hearing.

But when a building is up and tenanted, what else is there to hear, or to be said? There is a greater force - monetary gains - at work and growth comes at the expense of something else. In this case, the quiet and tranquillity of a satellite town and her residents.
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Old March 2nd, 2008, 12:50 PM   #953
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MK MERIDIN



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MK MERIDIN - 27/2/08



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Old March 2nd, 2008, 12:51 PM   #954
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Kiara 1888
Next to Ceriaan Kiara



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Old March 3rd, 2008, 03:09 PM   #955
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Menara Wakaf

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by rizalhakim





Office Space Summary:

By travellator
2 March construction site

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Old March 3rd, 2008, 03:13 PM   #956
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Mayland plans Putrajaya office tower
By theSun (by Loo Pik Kwan)



Chiu (left) and Azlan had yesterday's signing ceremony

PUTRAJAYA: Malaysia Land Properties Sdn Bhd (Mayland) is set to begin construction of an office tower in Putrajaya’s Precinct 3. The developer acquired the 1.56-acre tract where the commercial project will be built from landowner Putrajaya Holdings Sdn Bhd for RM23.7 million.

Mayland’s vice chairman Tan Sri David Chiu said it plans to lease out the building for long-term investment. The office tower, with a gross floor area of 420,926 sq ft, will be developed by Mayland’s wholly owned subsidiary Bliss Avenue Property Development Sdn Bhd.

“The construction will start as soon as possible… in three to four months’ time. With a height of between eight and 14-storeys, the office block will also have a commercial element. The rental rates here are between RM4 and RM5 psf,” Chiu told reporters at a press conference after the signing ceremony between Bliss Avenue and Putrajaya Holdings yesterday.

While expressing his confidence in the demand for such commercial properties in Putrajaya, Chiu said that it had received good leasing enquiries from both the public and private sectors for Mayland’s office tower.

On the cost of the project, Chiu said that construction costs alone amounted to some RM100 million, exluding the cost of the land. The purchase is funded by the developer’s internal funds.

On the group’s landbank, Chiu said the developer has about 500 acres in Selangor, Johor Baru and Kuala Lumpur that would eventually be developed into 20,000 residential and commercial units. Chiu added that it has plans to launch properties worth some RM2.5 billion in the next 18 months.

Meanwhile, this acquisition is the third sale of commercial land in the 5,000 ha federal administrative capital. According to master developer Putrajaya Holdings, some 300 acres have been zoned as commercial land.

Putrajaya Holdings chief executive officer Azlan Abdul Karim said it has plans to sell some 10% of the commercial plots. Current market values range between RM350 psf and RM400 psf. To date, it has closed deals amounting to between RM80 million and RM90 million for about six acres of land.

“The first two commercial plots were sold to a Hong Kong international property investment group, TRW Group. They will also be offering office towers with gross built-ups of 450,000 sq ft and 600,000 sq ft respectively,” said Azlan.

According to Azlan, it is also in talks with several local and foreign parties, including from Hong Kong and the US, to sell more commercial land.

“We want to bring in the services from third-party developers to create more vibrancy and excitement in Putrajaya. Offering projects such as office towers will further boost commercial space here and attract the private sectors to set up more offices,” he said, adding that it is also open to joint ventures with the third-party developers.

To date, Putrajaya Holdings has completed 22,000 units of government quarters as well as 5,000 residential units. For the government office buildings, it has completed some gross built-up space of about 30 million sq ft as well as six commercial buildings with a gross built-up of about four million sq ft.

It is currently in talks with several local and foreign parties to sell one of these commercial buildings, the 26 Boulevard office building in Precinct 3, which has occupancy levels of about 90%.

The 12-storey building has a gross floor space of about 516,668 sq ft and is valued at more than RM200 million.
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Old March 3rd, 2008, 03:15 PM   #957
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Bliss Avenue buys Putrajaya land for RM24m
Business Times Online



OFFICE TOWERS: Chiu (right) pointing out certain aspects of the proposed commercial office development to Azlan after signing the sales and purchase agreement for the Putrajaya land

PUTRAJAYA Holdings Sdn Bhd, the master developer of Malaysia's administrative capital, has sold a parcel of land in Putrajaya to Bliss Avenue Property Development Sdn Bhd for RM23.7 million to develop into a business, residential and office centre.

Bliss Avenue is a wholly-owned unit of Malaysia Land Properties Sdn Bhd, which specialises in developing condominiums, service apartments and office buildings.

Malaysia Land Properties in turn is the Malaysian unit of Hong Kong Stock Exchange-listed Far East Consortium, a property developer in Hong Kong and owner of the Sheraton Subang, Sheraton Labuan, Dorsett Regency Kuala Lumpur hotels and the Hartamas shopping centre.

Malaysia Land Properties vice-chairman Tan Sri David Chiu said the company will build 14-storey office towers and commercial lots on the land with construction due to begin in four months at a construction cost of RM100 million.

Tenants include government ministries and agencies as well as private companies occupying over a gross floor area of 39,105 sq m.

"The project will be financed by internally generated cash and bank borrowings and we want to keep the project for the long term by leasing it out at RM4-RM5 per sq ft," Chiu told reporters in Putrajaya yesterday after inking the deal.

Putrajaya Holdings chief executive officer Azlan Abdul Karim said the land transaction is the third commercial land sale in Putrajaya and the first sale to a local firm.

"We need to bring in private property players to build commercial units so that Putrajaya will be evenly developed and not become a purely government project," said Azlan.

Azlan said the company cannot develop the 5,000ha Putrajaya alone and need to bring in private property developers either local or foreign and forge alliances either on a joint venture basis or a straight buy and sell agreement.

"By doing so, serious buyers can come in and we have had enquiries from US investors," said Azlan.

The land measuring 6,300 sq m is located opposite the Palace of Justice and next to the city's town council, the Putrajaya Corp, in Precint 3.

Azlan said the company has identified 121ha of land in Putrajaya which can be developed into commercial projects, but it plans to sell 10 per cent of the land gradually and in small portions and has not set any time frame in doing so.

"So far we have sold 2.4ha of land worth RM90 million and construction is on-going," said Azlan.

Since its establishment in 1995, Putrajaya has developed 70 per cent of government office buildings with a gross built-up area of almost 30 million sq ft and six commercial buildings with a gross built-up area of about four million sq ft.

Putrajaya Holdings has to date built 70 per cent of the government quarters comprising 22,000 home units.

It had just started building public and commercial units with an initial launch of 25,000 units.

Azlan said the development of Putrajaya is similar to Kuala Lumpur's, where there is no time limit for it to be fully developed and is entirely dependent on market forces.

Putrajaya Holdings' shareholders are Petroliam Nasional Bhd, Khazanah Nasional Bhd and Kumpulan Wang Amanah Negara.

Meanwhile, Chiu said Malaysia Land Properties has 10 projects under planning and construction stages in Malaysia, worth RM2.5 billion, to be carried out over the next 18 months. This involves 20,000 units of residential and retail properties.

To date, Malaysia Land Properties has a total landbank of 202.4ha most of which are located in Kuala Lumpur and Johor Baru.

On another matter, Azlan said Putrajaya Holdings has not received any letter of offer from UBG Bhd which is interested to buy Putrajaya Holdings' 20 per cent-stake in Putrajaya Perdana Bhd. Putrajaya Perdana is Putrajaya Holdings' construction arm.

"We have not decided ... and any offer must first go to the board," said Azlan.
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Old March 4th, 2008, 04:05 PM   #958
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Polis Diraja Malaysia HQ
(The Royal Malaysia Police HQ)

@ DANG WANGI
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Old March 5th, 2008, 03:31 PM   #959
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Capsquare





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Old March 5th, 2008, 03:35 PM   #960
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Southgate Commercial Centre



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