daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > City/Metro Compilations

City/Metro Compilations Help report active highrise/urban developments occurring in your city to the global SSC community.



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old September 19th, 2008, 12:24 AM   #1241
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

[email protected]







nazrey no está en línea   Reply With Quote

Sponsored Links
Old September 19th, 2008, 12:26 AM   #1242
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Current deals to boost profit in 2009: Ireka
By Sharen Kaur Published: 2008/09/18
BusinessTimes

The construction firm's performance will be better due to cost-effective management and higher margins from construction activities, says its chief

CONSTRUCTION firm Ireka Corp Bhd is optimistic that net profit and revenue will improve for fiscal year 2009 based on the value of works in hand.

It has four on-going projects worth RM1.14 billion, which will last the company until 2011.

President and chief executive officer Lai Voon Hon said its performance will be better due to cost-effective management and also because of higher margins from its construction activities.

He told reporters after a shareholders' meeting in Kuala Lumpur yesterday that Ireka will gain from the current fall in fuel and steel prices.

"We are careful with design and engineering in managing higher construction cost. Most projects secured are new and since the contracts do not allow variation of price, we have built a healthy buffer in case the material price goes up," Lai said.

Last year, Ireka posted a net profit of RM152.9 million on revenue of RM299.7 million, driven by extraordinary gains from the sale of assets.

It sold The Westin Hotel Kuala Lumpur, Ireka Land Sdn Bhd and ICSD Ventures Sdn Bhd.

For the first three months of its current financial year ending March 31 2009, it registered a net profit of RM3 million on revenue of RM62.9 million.

Its two latest projects are Seni Mont' Kiara, a RM539 million luxury residences in Kuala Lumpur featuring four blocks of 605 condominium units; and Sandakan Harbour Square, a RM194.9 million urban development in Sabah.

Its other projects are Tiffani by i-Zen and One Mont' Kiara luxury condominiums in Kuala Lumpur.

Ireka has been prequalified to bid for two local mixed development projects worth a few hundred million ringgit.

As for overseas, Ireka may invest in Vietnam, Indonesia and China and it will look for a few profitable projects.
nazrey no está en línea   Reply With Quote
Old September 19th, 2008, 09:42 AM   #1243
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Lumina Kiara



Update:

nazrey no está en línea   Reply With Quote
Old September 19th, 2008, 05:37 PM   #1244
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Lumina Kiara



nazrey no está en línea   Reply With Quote
Old September 20th, 2008, 01:52 AM   #1245
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Lumina Kiara
by logorithm



nazrey no está en línea   Reply With Quote
Old September 24th, 2008, 12:41 PM   #1246
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Nice New Project!
nazrey no está en línea   Reply With Quote
Old September 24th, 2008, 12:41 PM   #1247
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

@patchay! thanks for update !
nazrey no está en línea   Reply With Quote
Old September 24th, 2008, 12:50 PM   #1248
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

WISMA LEE RUBBER facelift
by bsboudreau

image hosted on flickr
nazrey no está en línea   Reply With Quote
Old September 24th, 2008, 12:53 PM   #1249
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

WISMA HAMZAH KWONG HING ‎facelift
by ianwhitfield1978

nazrey no está en línea   Reply With Quote
Old September 24th, 2008, 12:55 PM   #1250
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

New HSBC Tower
My pictures



nazrey no está en línea   Reply With Quote
Old September 24th, 2008, 12:59 PM   #1251
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

WISMA LEE RUBBER/HSBC Tower/WISMA HAMZAH KWONG HING
by Swee Yih

image hosted on flickr
nazrey no está en línea   Reply With Quote
Old September 25th, 2008, 03:25 AM   #1252
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Going for high-end projects
Monday September 15, 2008 By Angie Ng and Yvonne Tan TheStar

The high-end residential property market will be seeing the launch of more luxurious and exclusively designed residences for the well heeled and high net worth investors. New price and product design benchmarks are set to inject some excitement for industry players

GOOD demand for high-end and super high-end residential properties is offering a silver lining to industry players in an otherwise dampened housing market.

Amid rising construction costs and a softening demand for bread and butter property products, developers are feeling the heat of squeezed margins and lower profits. Those with the acumen for high-end luxurious products are venturing into more of such products to meet their target sales and earnings projections.

Industry players said the launch of more high-end properties, especially in the high-rise segment, has placed Malaysia on the radar of international investors.

Exclusive developments with iconic architecture and designs have helped Malaysia move up the real estate value chain.

The high-end and super high-end residential projects, which are targeted at high net worth Malaysians and foreigners, will not be much affected by the spiraling cost increases that are affecting a broad segment of the population.

These luxurious residences, which are deemed one of the cheapest in the region, offer potential for good capital appreciation and yields.

The positive environment in the country’s property market, including investor friendly policies and tax breaks, good infrastructure, easy access to financing and strong upside potential is raising Malaysia’s prominence as a real estate hub.

According to Real Estate and Housing Developers Association president Datuk Ng Seing Liong, Malaysia still offers foreign investors low entry prices and good capital appreciation potential and the onus is on developers to augment the country’s good standing in real estate investment by offering quality properties to investors.

“Projects that emphasise exceptional quality of life and designed with unique Malaysian characteristics to meet the needs of the savvy homebuyers, including the international community, should do well,” Ng told StarBiz.

New price benchmark

Popular locations for high-end landed properties have traditionally been Bangsar, Kenny Hills and Ampang, with new development concepts and price benchmarks cropping up over the years.

Today, there are even super high-end landed residential properties with price tags of RM15mil to RM30mil a unit, or at RM3,000 per sq ft (psf).

SP Setia Bhd’s Kenny Hills Grandé project in Bukit Tunku, Kuala Lumpur will be one of the most upmarket residential projects to be introduced in the market when it is launched at the year end.

The 15 bungalows with average land sizes of 15,000 sq ft and built-up from 18,000 to 22,000 sq ft will be priced at RM30mil a unit.

These trophy mansions with “colonial chic” architecture will set a new benchmark for the super high-end sector.

“We are essentially offering the buyers an entirely customised and personalised experience in building their ultimate dream home in the most coveted address in Kuala Lumpur, minus all the administrative hassle. With a price that spells the pinnacle of luxury, we believe this project will appeal to the well-heeled and status conscious,” SP Setia group managing director and chief executive officer Tan Sri Liew Kee Sin said.

Another interesting project is the enclave of 77 Bayrocks garden waterfront villas at the Sunway South Quay in Sunway Integrated Resort. Sunway City Bhd (SunCity) is pricing the 2- and 21/2-storey villas between RM4.5mil and RM7.7mil.

Since the project’s recent soft launch, sales have reached close to RM140mil, SunCity managing director Ngian Siew Siong said.

E & O Property Development Bhd marketing and sales director K. C. Chong said despite the current economic changes in the country, the company would focus on innovatively designed homes with outstanding architectural concepts and thoughtful layout, such as those in Seri Tanjung Pinang in Penang.

“In Kuala Lumpur, we continue to place emphasis on premium homes located in prime locations, although we will have to ensure that we deliver these homes with the accompanying finesse expected of our projects.

“In the current challenging times, we will need to look more at our design planning, be more innovative in terms of materials and finishes, and concentrate on the issues which are more important to our target markets,” Chong said.

Bungalows in the sky

Meanwhile, response has been good for the new project launches in the high-end condominiums market, dubbed bungalows in the sky.

Industry players said at current prices of around RM2,000 or US$625 psf, the super high-end products were still below benchmark rates of US$3,205 in Singapore and US$2,470 in Hong Kong, making them very attractive to foreign investors.

Real estate consultants Knight Frank Ooi and Zaharin Sdn Bhd anticipate prices of high-end condominiums to hit a new high of RM3,000 psf this year as new products are targeting at a niche market driven mainly by foreign demand.

“Interesting luxury projects that stand out such as the The Binjai, Millenium Residence, Four Seasons Place, and St Regis Residences in Kuala Lumpur could push benchmark prices to new highs,” managing director Eric Ooi said.

The Regent Residences (across the Petronas Twin Towers), with benchmark pricing at an average of RM2,600 per sq ft, has been receiving good response from foreign interests, since its pre-sales in April 2008.

The market also saw the entry of Sunway Vivaldi in Mont’ Kiara, setting a new benchmark in the Mont’ Kiara locality, with average pricing of RM850 to RM900 psf. The 228 condominiums with built-up of up to 4,000 sq ft are priced from RM2.6mil to RM6.3mil.
nazrey no está en línea   Reply With Quote
Old September 25th, 2008, 08:02 PM   #1253
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Solaris Dutamas



Update :



nazrey no está en línea   Reply With Quote
Old September 25th, 2008, 08:04 PM   #1254
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

MK MERIDIN



Update :

nazrey no está en línea   Reply With Quote
Old September 26th, 2008, 01:51 AM   #1255
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

MK Meridin

nazrey no está en línea   Reply With Quote
Old September 26th, 2008, 10:53 PM   #1256
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Lumina Kiara



by logorithm

nazrey no está en línea   Reply With Quote
Old September 28th, 2008, 12:20 AM   #1257
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

32 storeys - Binjai Residency
COMPLETED

Quote:
by categg

image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr
nazrey no está en línea   Reply With Quote
Old September 28th, 2008, 03:07 PM   #1258
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

MK Aria



Update: Construction start!
by davidwsk

image hosted on flickr
nazrey no está en línea   Reply With Quote
Old September 30th, 2008, 03:29 PM   #1259
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

Quote:
Originally Posted by nazrey View Post
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.
Lot 3C5
source : www.veritas.com.my



nazrey no está en línea   Reply With Quote
Old October 2nd, 2008, 05:42 AM   #1260
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,832
Likes (Received): 10716

PJ8 stands out impressively
Saturday September 27, 2008
By THEAN LEE CHENG
TheStar



Fronting the Federal Highway, PJ8 is highly visible. The project
comprises a serviced suite block and three blocks of offices.


AS one cruises along the Federal Highway towards PJ Hilton, an iconic structure rises high above the horizon. Known as PJ8, the project lies smack opposite the five-star hotel fronting the highway.

Cycle and Carriage office marketing Mercedes Benz used to occupy part of the site. PJ8 in Section 8 Petaling Jaya, undertaken by IJM Properties Sdn Bhd, comprises a 38-storey block of service suites, a 12-storey office suite block and two blocks of office tower with a gross development value of RM250mil.

The 4-acre IJM project is prominent by any standard and its completion is expected to give the main PJ a lift. It will help to rejuvenate what used to be a thriving PJ New Town but now perceived by many to be a little tired.

At 38 storeys, the service suite block may well be the tallest. It comes with three blocks of offices.

Its completion and eventual occupation will set new benchmarks, in more ways than one, sources say.

For a long while, much of the attention has been focused on Bandar Utama and Mutiara Damansara,

While there have been pockets of change and redevelopment in other parts of PJ, much of these have been drowned by the hype and activities in the new townships in PJ North simply because of the malls in that area.

The status quo is expected to remain. Nevertheless, PJ8 will add some sparkle amidst the current gloom in the sector.

Says Jones Lang Wootton executive director Malathi Thevendran: “Multinational corporations (IT, media, professionals, finance & banking, airlines), oil and gas companies, embassies and offices of foreign governments will prefer a Kuala Lumpur location.

“Those that are service-orientated €“ marketing, advertising, support services, data centres, backroom offices €“ will prefer PJ. Historically, the demand has been for smaller, cheaper office space which resulted in the development of shop offices.

“Today, we are seeing the move towards quality corporate office towers,” she says.

The PJ makeover started several years ago as new residential areas took shape and the spending power of its population grew.

Old factories were done away with and replaced by a new commercial landmark.

As families upgrade and move to better housing, the older established residential areas began to take on a rather exhausted facade. Time for change!

The old and the new

Be it food and beverage outlets, retail or services, the demand of the PJ population have grown by leaps and bounds as its middle class ballooned.

Other growth areas around PJ that Malathi likes include Mutiara Damansara, Bandar Utama and Damansara Perdana.

“There are an abundance of amenities there. It is close to the highway network and offers a big residential catchment. The upcoming LRT will boost its popularity.”

Mutiara Damansara, says Malathi, has an edge over Bandar Utama and Damansara Perdana, as it is one of the best and systematically planned commercial and residential enclave in Petaling Jaya.

The other areas she likes is Section 13, with its cauldron of commercial activities. But the local council will have to monitor accessibility and traffic in the years to come as more high rise commercial developments in the pipeline are completed.

Jerome Hong, managing director I (agency & corporate services) of PA International Property Consultants (KL) Sdn Bhd says the eventual occupation of PJ8 will increase the number of office workers and residents travelling in and out of its immediate area. Traffic congestion may be an issue.

Hong says although the developer has created several access roads into PJ8 from the flyover off Federal Highway and from Jalan Barat, the local council should address the traffic issue in this area as it is one of the main arterial roads leading to the main PJ centre.

“There will need to be better traffic management for the long term,” he says.

Hong says its location and access is second to none. It is close to all forms of public transport and other public amenities. It is also more visible, he says.

Between PJ8 and Malton Bhd’s VSQ, another commercial project across the Federal Highway near the Tun Hussein Eye Hospital, Hong prefers PJ8.

“VSQ is not so accessible in terms of road network or public amenities. The large multinational companies will also prefer floor plates in excess of 10,000 sq ft,” he says. While PJ8 is a mixed development comprising offices, retail outlets and serviced suites, VSQ offers only office facilities and a bit of food and beverage.

PJ8’s serviced suites are more than 80% sold, with the remaining units now selling at an average of RM500 per sq ft compared to RM350 psf in its early days, says S K Brothers Realty (M) Sdn Bhd general manager Chan Ai Cheng.

It has only one office suite left. IJM recently sold Tower C in PJ8 en bloc for about RM600 psf, setting a new benchmark. Its offices suites were tagged at RM430 psf when it was first launched.

Chan says most developments will take time to occupy. In this case, its visibility and accessibility will quicken the process. Jaya33 is in the region of RM3.50 psf to RM4 psf.

3 Two Square offices in the region of RM2.30 psf to RM3.50 psf.

“We can expect PJ8 to fetch rentals in the region of RM4.50 psf,” says Chan.
nazrey no está en línea   Reply With Quote


Reply

Tags
kuala lumpur, petaling jaya

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 04:12 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu