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Old December 3rd, 2007, 05:49 AM   #41
nazrey
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RM9b riverside city in KL
By Mustapha Kamil Published: 2007/12/02
BusinessTimes


Quote:
Construction of the Tamansari Riverside Garden City project is scheduled to start by January 2008 and is targeted for completion within seven or eight years
THE RM9 billion urban regeneration project at the intersection of Jalan Pahang and Jalan Tun Razak area in Kuala Lumpur will have as its centrepiece a 60-storey tower unlike any other in the world.

The project owners will only unveil the uniqueness of the tower at an official ceremony planned for later.

Meanwhile, a strong team of foreign and local financiers, project managers, consultants, architects and designers have been assembled for the Tamansari Riverside Garden City project, previously the Pekeliling Flats area.

Construction is scheduled to start by January 2008 and the entire project is targeted for completion within seven or eight years.

The project owners comprising Australian financial services group Macquarie Bank, Australian construction and engineering company, Leighton Group, construction investment firm Saha Regal and local project developer ASIE Sdn Bhd signed a joint-venture agreement recently.

Master planner and architect for the project is the renowned firm Goh Hock Guan & Associates (GHG).

Also involved are Malaysia's Bank Pembangunan Bhd, Australia-based design group, Hassell; global project consultant, Rider Hunt; and international consultant engineers comprising the ARUP group, Lincolne Scott and Connell Wagner.

Based on a waterfront city-within-a-city concept, the 22.3ha Tamansari will consist of a mixed development of commercial and residential properties.

Speaking to Business Times last week, GHG principal Goh Hock Guan and ASIE chairman Datuk Khalil Akasah summarised the development as being another prestigious address in Kuala Lumpur.

Parcel M within the Tamansari project's first phase will cost about RM700 million. The project parcel will be connected across the busy Jalan Tun Razak to the site across the highway via an elevated walkway.

It will include the area where one part of the Pekeliling flats once stood. Residents of the one-room flat built in the 1970s have since been relocated to a three-room flat built by ASIE with financing from Bank Pembangunan.

Parcel M within the first phase will include the unique tower to be built on the banks of the Gombak River. The parcel will cost about US$1 billion (RM3.36 billion).

Other parcels within the entire project will include hotels, condominiums, office and commercial blocks, government and public housing and a medical centre.

The entire project will be done on a private financing initiative basis. Its ownership will remain with the joint-venture partners while financing will be undertaken by Macquarie Bank which will also conduct international sales of the properties.

As at December 2006, Macquarie has total assets of about A$112.6 billion (RM335 billion) and a market capitalisation of A$153.4 billion (RM457 billion).

The Leighton Group is an internationally renowned project developer and contractor based in Australia.

GHG, meanwhile, is helmed by Goh, a veteran in town and project planning whose numerous projects include the highly successful Subang Jaya.

ASIE was first awarded the project by the government in 1998, but it was unable to proceed until residents of the Pekeliling flats were relocated.

ASIE is controlled by Khalil, who was an aide to the late Tun Abdul Razak Hussein, Malaysia's second prime minister.


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Old December 3rd, 2007, 06:06 AM   #42
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Quote:
Originally Posted by nazrey View Post
[B][SIZE="4"]

THE RM9 billion urban regeneration project at the intersection of Jalan Pahang and Jalan Tun Razak area in Kuala Lumpur will have as its centrepiece a 60-storey tower unlike any other in the world.
sounds good
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Old December 3rd, 2007, 07:59 AM   #43
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from the artist's impression..it doesn't look impressive at all.

hope its not the final design .
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Old December 3rd, 2007, 08:06 AM   #44
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From the previous news..

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Old March 23rd, 2008, 11:04 AM   #45
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Developers Planning RM9B KL Riverside Redevelopment Project
Posted by admin as Malaysia, Property

(KUALA LUMPUR) A group of Australian and Malaysian firms plan to redevelop a riverside precinct of Kuala Lumpur at a cost of about RM9 billion (S$3.89 billion), the Malaysian Business Times said yesterday.

The urban-regeneration project is backed by Australian bank Macquarie, Australian builder Leighton and two unlisted Malaysian firms, the paper said. Construction is due to begin next month and be completed within eight years, it added.

To be known as Tamansari Riverside Garden City, the project will cover 22.3 hectares, feature a 60-storey tower and comprise commercial and residential properties. The government had awarded the project to local firm ASIE Sdn Bhd in 1998 but the firm needed to wait for residents of existing apartments in the precinct to be relocated, the paper said. — Reuters
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Old July 24th, 2009, 05:58 PM   #46
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Asie: RM4.77b GDV for Taman Sari waterfront city project
By Zuraimi Abdullah Published: 2009/07/24
Source: BusineseeTimes

The first phase of an ambitious Taman Sari waterfront city project at the former Pekeliling flats area in Kuala Lumpur is expected to generate RM4.77 billion in gross development value (GDV), its owner said.

The owner, Asie Sdn Bhd, expects to spend nearly RM1.5 billion to develop the phase, which will include a centrepiece 60-storey revolving tower costing RM1.1 billion.

Asie chairman Datuk Khalil Akasah said works on the first four parcels sprawling 3.24ha should start in early September, with the entire first phase expected to be completed in 48 months.

The whole project itself, encompassing 24 parcels on 23.08ha at the intersection of Jalan Pahang and Jalan Tun Razak, should be fully developed in seven to 10 years.

"We will work on parcel K first. After six months, parcels X and L will be simultaneously launched. The following six months, we will launch parcel M, which will boast the 60-storey revolving tower.

"Each parcel should take about 36 months to complete," Khalil told reporters after signing an agreement with Thailand's CH Prosper Co Ltd in Kuala Lumpur yesterday.

Prior to this, Asie has tied up with another Thai firm, Saha Regal Best Co Ltd, to provide some funds for the project.

The latter will also own a 20 per cent share in the joint-venture company, Taman Sari Development Corp, which was set up to develop the project.

Other Thai investors in the project include Virginia Corp and Islamic Bank of Thailand.

A RM417 million loan has been secured from Bank Pembangunan Malaysia Bhd, while some other fundings came from the sale of condominium units under parcel K, Khalil said.

"We have sold 30 per cent of the 178 units of condominiums under parcel K," he added.

Asie won a 99-year concession about 10 years ago to redevelop the one-room Pekeliling flats area built in the 1970s. In return, it will provide new houses for the affected owners at new locations.

The company had so far built about 3,000 units, or 40 per cent of the total houses required, costing RM150 million.

Parcel M with the unique tower, will be built on the banks of the Gombak River. Other parcels within the Taman Sari project will include hotels, condominiums, office and commercial blocks, government and public housing and a medical centre.

Asie is controlled by Khalil, who was an aide to the late Tun Abdul Razak Hussein, Malaysia's second prime minister.
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Old January 7th, 2010, 07:50 AM   #47
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Final farewell for the historic Pekeliling flats
By CHOONG MEK ZHIN January 7th, 2010

DEMOLITION works on the rest of the Tunku Abdul Rahman flats, better known as the Pekeliling flats, located next to Jalan Tun Razak where the Titiwangsa Monorail station is, will start next month.

The nearby Sri Terengganu flats are scheduled to be demolished beginning this month and all the blocks in both areas are expected to be completely gone in one-and-a-half years.

Built in 1967, the 17-storey flats are one of the city’s earliest public housing project to be built and they have seen their share of tragedies.

Many had committed suicide at the flats and Annie Anthony, a former resident, recalled memories of hearing a dying man’s screams after he jumped off the 16th floor blindfolded.

This was 26 years ago and it was one of the 10 suicide cases she had witnessed while living there for a decade.

About 13 years ago, Zainuldin Abdul Talib, 31, injured his wife on the left thigh with a knife at their home in the flats and pleaded guilty to committing criminal intimidation.

A sales assistant Norazwin Zahari was also murdered at the flats about four years ago by a drug addict whom police apprehended.

The list of bad things about the flats does not end there as a few former residents revealed back in 2004 before their relocation.

According to S. Chelvi, women were scared to use the lifts alone as they had a tendency to jam, sometimes for up to four hours.

A.H. Tan said that the one-room flats were dirty and noisy and not suitable for families with growing children who wanted their own rooms and privacy.

Leaks, water supply disruptions and poor maintenance were common at the flats and there was no provision for the physically disabled.

When privatisation and redevelopment plans for the flats were announced in early 1995, an estimated 8,000 to 12,000 residents were scheduled to be relocated in two phases.

Government-appointed developer ASIE Sdn Bhd began demolishing some blocks at the end of 2005 until early 2006 after most of the residents from the 11 Pekeliling flat blocks have moved out, mostly to the Taman Sri Rampai flats in Setapak.

However, a small number of residents, mostly senior citizens living in Block C, G, K and L did not move until late 2007, saying that they had been left in a lurch because they were promised flats in Sentul that were not ready though eventually they reached a compromise and moved out.

Residents of the Sri Terengganu flats, located near the Pekeliling ones, moved out in a hurry in late 2008 for fear of drug addicts who had starting occupying the nearby empty blocks.

Three new blocks of apartments are scheduled to be built at the current location of Sri Terengganu flats.

According to previous reports, the area will see a redevelopment project called Taman Sari being built as part of the government’s urban renewal efforts to provide residents with better housing and living conditions.

It was also reported that when the car park was built at the location where the first Pekeliling flats was demolished, passenger rates for the KL Monorail went up to about 20,000 people in a day.

But after all is said and done, many who had been forced to move out of their homes were nostalgic and sad about it as some had inherited their flats from their parents and many had the opportunity to bring up their third generation there.
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Old January 7th, 2010, 09:06 AM   #48
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Tamansari Riverside Garden City

TAMANSARI is the vibrancy of an urban lifestyle returning to the city cores.

A 'garden of flowers' in Malay, Tamansari is a vertical and horizontal expansion of Kuala Lumpur. Planned on a grand scale yet with meticulous attention to detail, it is designed with an emphasis on creating a pleasant living and working environment for you. This 55 acre development provides a clean blend of architectural designs in sleek buildings accentuated by public open spaces with pocket parks, promenades, cascading springs, and river frontage providing a breath of fresh air in the city.

Residents and patrons can enjoy daily strolls on the promenades - bringing back the 'walk-to-work' and 'work-and-shop' idea - reactivating the urban realm and enhancing pedestrian movement throughout this garden cityscape.
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Old November 7th, 2010, 06:12 PM   #49
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is this project still ongoing?
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Old February 10th, 2011, 12:18 PM   #50
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Taman Sari project, building demolition to be discussed this week
A. FUAD PAIZ
Tuesday, February 8th, 2011 13:53:00
http://www.mmail.com.my/content/6315...discussed-week

KUALA LUMPUR: The demolition of the remaining nine blocks of Pekeliling flats in Jalan Tun Razak here will be discussed at a meeting by the Federal Territories and Urban Wellbeing Ministry's Urban Planning Committee on Privatisation this week.

The development is to make way for a waterfront city project called Taman Sari.

"We will get an update on the progress of the Taman Sari project and we will call in the developer, if necessary, to decide on when to demolish the remaining buildings," said a ministry spokesman when contacted by The Malay Mail.

"We want the project to be successful and at the same time mindful of former residents affected by the project."

When The Malay Mail visited the fenced-up area yesterday, there were no signs of workers or heavy machinery.

A former Pekeliling flats resident, who preferred to be known as Tek, said he and his former neighbours wanted to know how long they had to wait for their new replacement houses as promised.

"We moved into the nearby transition flats in 2008 and are anxious about when we will get proper housing again. We do not want to be stuck here for many years," said the 66-year-old.

Another resident at the transition flats, who did not want to be named, said the sooner the Taman Sari project was completed, the sooner they would get their new homes.

"Most of us are from the lower-income group and we want to know how long more we have to wait," he said.

The government had appointed Asie Sdn Bhd as the developer of the Taman Sari project, a RM5 billion mixed development consisting of new housing and commercial lots.

When contacted by The Paper That Cares, an Asie spokesperson said he would have to refer to its management on the issue and declined further comment.

The Pekeliling flats, also known as the Tunku Abdul Rahman flats, was once the second-highest apartment building in KL, after Suleiman Courts, and was one of the earliest housing projects for city folks.

The 11 blocks of the Pekeliling flats were built between 1964 and 1967. Blocks A and B were demolished in 2006.
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Old September 23rd, 2011, 01:37 PM   #51
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Mah Sing lands M Sentral deal
By Sharen Kaur
Published: 2011/08/03
http://www.btimes.com.my/articles/MA...#ixzz1YlqN6R8Q

Mah Sing has been given the first contract for the RM9 billion privatised urban regeneration project in Kuala Lumpur


Kuala Lumpur: Asie Sdn Bhd has dished out the first contract for the RM9 billion privatised urban regeneration project in Kuala Lumpur to Mah Sing Group Bhd, Malaysia's fifth largest property developer by revenue.

The contract given to Mah Sing entails it to undertake a niche development on 1.6ha.

Called M Sentral, it will feature serviced residences and retail lots worth a combined RM900 million.

The urban regeneration project, dubbed Tamansari Riverside Garden City and mooted more than 10 years ago, is one of key developments under the Entry Point Projects.

Asie, a private concessionaire, has full rights and approvals to build residential and commercial properties, leisure, recreation and infrastructure facilities on 15 parcels of development land with five air rights in Precinct 2-Pekeliling of the River Corridor Development under the Blue Corridor policy of Kuala Lumpur City Plan 2020.

Located on 23ha along Jalan Tun Razak-Jalan Pahang, the former site of the Tunku Abdul Rahman flats or Pekeliling flats, the 15-year project is envisaged to be bigger than Mid Valley City.

Yesterday, Mah Sing's wholly-owned unit, Grand Pavilion Development Sdn Bhd, signed a joint venture agreement (JVA) with Asie and its subsidiary Usaha Nusantara Sdn Bhd to develop M Sentral.

Under the JVA deal, Usaha Nusantara will grant Grand Pavillion the sole and absolute rights to develop the 1.6ha land for an entitlement of RM106.60 million. This will be settled via 60 per cent in cash (RM63.96 million) and 40 per cent stake in Grand Pavillion.

Mah Sing will continue to have 60 per cent shareholding in Grand Pavillion, it said in a statement issued yesterday.

Mah Sing group managing director and group chief executive officer Tan Sri Leong Hoy Kum said work on M Sentral will commence by the first half of next year, pending authorities' approval and fulfillment of conditions. It will take five years to develop.

Leong said there is a provision for a sky bridge's connection to the remaining 58 acres, in line with the understanding that Mah Sing may be the potential joint venture partner for other parcels within the land, subject to terms and conditions to be mutually agreed upon.
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Old October 10th, 2016, 05:32 AM   #52
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Who's Chairman Asie Sdn Bhd now ?
and Taman Sari is still ongoing ?
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