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Old November 13th, 2008, 05:50 PM   #21
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WCT coping well with lower costs
Thursday November 13, 2008 By LAW KAI CHOW TheStar

PETALING JAYA: Lower operating and interest costs are helping WCT Bhd cope well with the slowing property market.

An analyst said most of WCT’s development land bank was fully paid for and hence the company was not incurring high interest payment compared with developers that had borrowed to procure land.

“WCT has the luxury of deferring property launches and waiting for the right time as it does not borrow heavily for its land bank.

“In addition, it uses an in-house contractor for its high rise and bigger-scale developments to gain better control of the construction costs and planning,” he said.

“However, for landed housing development such as Bukit Tinggi, WCT did sub-contract to others,” he told StarBiz yesterday.

WCT’s township development Bukit Tinggi 1 and 2 in Klang have a total 100 acres undeveloped land earmarked for commercial development, while Bukit Tinggi 3 or Parkland has 300 acres for future residential and commercial projects. These areas are fully paid for.

For its high-end homes, d’Banyan Residency in Kota Kinabalu, Sabah, which was partially financed, the land cost can be covered by unit sales this year. Priced at RM300 per sq ft, the project has a gross development value (GDV) of RM264mil and so far, homes worth RM60mil have been sold.

As at June 30, WCT had unbilled sales of RM174mil to be realised over the next 16 months. Currently, WCT’s property division contributes about 10% and 25% to group revenue and net profit respectively.

Meanwhile, WCT unit Jelas Puri Sdn Bhd is developing the RM1.4bil Paradigm, a high-end mixed development project on 12.5 acres in Petaling Jaya, for which it partially financed the land cost of RM85mil.

The construction of the basement car park has started and its shopping mall is targeted to be operational at the end of 2010.

Construction at another WCT flagship mixed development, Platinum Plaza in Ho Chi Minh City, Vietnam, will begin for the shopping mall by end of 2009, while the launch of the office component was expected by 2010.

When completed, it will be the second biggest shopping mall in Vietnam. Spanning 9ha, Platinum Plaza will will also comprise a business class hotel. However, the GDV of the project is still under planning.
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Old March 2nd, 2009, 03:12 PM   #22
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UPDATE:
by James Foong


Last edited by nazrey; July 9th, 2009 at 02:24 PM.
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Old July 5th, 2009, 08:58 PM   #23
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Old July 5th, 2009, 08:59 PM   #24
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UPDATE:
by James Foong

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Last edited by nazrey; July 9th, 2009 at 02:25 PM.
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Old July 9th, 2009, 02:25 PM   #25
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UPDATE:
by James Foong

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Old July 9th, 2009, 03:04 PM   #26
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Old September 25th, 2009, 12:21 PM   #27
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Work on last stretch of drain to begin
September 17th, 2009



Work in progress: Traffic diversion is required to facilitate drain
work carried out by developer of The Paradigm in Kelana Jaya.


THE last stretch of a 870m-long main drain constructed by the developer of The Paradigm is scheduled to begin on Sept 22.

It must be one of the most challenging stretches of the drainage project as it is near an area that has been in dispute for an impending development – the FAS (Football Association of Selangor) field in Kelana Jaya – which residents feel will aggravate the area’s traffic problem.

The drain construction will be carried out at the junction of Jalan SS25/3A and the road leading to the FAS tunnel. Traffic diversion is required and there will be a one-day trial run on Sept 11.

Motorists heading towards the Damansara-Puchong Highway (LDP) from Taman Megah Mas and Ara Damansara via the congested Megah Mas tunnel will need to take a detour through the Megah Mas industrial area in Jalan SS25/34 and Jalan 25/41.

Motorists heading towards Ara Damansara from LDP can still use the FAS tunnel but are advised against using Megah Mas tunnel to reduce congestion in the housing estate.
Worries abound that the diversion will further choke the stretch between the Megah Mas tunnel and LDP, which is congested during peak hours.

But a spokesman for the developer said the company had held briefings and discussions with residents of Taman Megah Mas, Taman Mayang, Sri Mayang Apartment, Megah Mas Apartment and Mayang Court Apartment between May 30 and Sept 3 about the drain work and traffic diversion.

“They have agreed to the diversion,” he said when interviewed at the company’s headquarters in Klang.



According to him, the main drain measuring 3.5m x 4m stretches from the Paradigm site to Sungai Kayu Ara. Approval for construction was issued in November 2007.

“The main drain is part of MBPJ’s mitigation plan to solve the flooding problem in Taman Kelana Indah and Kelana Square. It is aligned from the Kelana Jaya Recreation Pond at Kelana Stadium along Jalan SS7/19, Taman Kelana Indah, Yayasan FAS, Megah Mas industrial lots to Sungai Kayu Ara,” he said, adding that construction began in April 2008.

MBPJ had instructed the developer to bear the construction cost of RM7mil.

However, the developer argued that its project would only take up to 6% of the catchment area and was therefore lobbying with the council to also share the construction cost with other developers in the area.

He highlighted that as per residents’ request, traffic diversion facilitating the work was initially planned to start concurrently with the closure of Megah Mas tunnel, which would be required for upgrading work carried out by MBPJ.

The tunnel is to be upgraded to a one-way single-lane carriageway equipped with a pedestrian walkway.



Work in progress: Traffic diversion is required to facilitate drain work
carried out by developer of The Paradigm in Kelana Jaya.


“As of now, MBPJ has not confirmed when the work will start but we need to do ours first so that it can be completed before the monsoon season. The council gave us the green light on this.

“We hope to complete the main drain by Oct 31, so we need to start by the end of this month or earlier if permitted,” he said.

When asked about the impact of The Paradigm project on the area’s traffic, especially when LDP was already filled to the brim with vehicles every day, he said the developer had had several meetings with the relevant residents associations and had obtained the nod for the traffic dispersal system it proposed.

He said the road and drainage plans had been approved by both the Malaysian Highway Authority and the Petaling Jaya City Council.

“A more detailed plan incorporating amendments as requested by the residents had also been submitted for approval,” he said, adding that the developer had kept an amicable relationship with the residents.

According to a real estate portal, The Paradigm PJ along the LDP “is to be the equivalent to Mid Valley Megamall along the Federal High*way; a luxurious convergence of business, retail and entertainment”.

It is a commercial development comprising three office towers and a shopping centre on a 5ha land.
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Old November 4th, 2009, 07:26 PM   #28
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The Paradigm

Quote:
Originally Posted by rizalhakim View Post
Paradigm arising in PJ

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Old November 26th, 2009, 06:19 AM   #29
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Taken from http://www.architree.com/







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Old December 12th, 2009, 12:59 PM   #30
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The Paradigm PJ: Inspiring a Futuristic Paradigm Shift
by Lim Jen
Source: http://www.estate123.com/reviews_art...l.aspx?r_id=74



A futuristic beauty of steel and glass, The Paradigm PJ along the LDP is to be the equivalent to Mid Valley Megamall along the Federal Highway; a luxurious convergence of business, retail and entertainment. A commercial development on a 12.37 acre leasehold land, this venture by WCT Bhd. will include 4 Office Towers: The Escalade Corporate Office Towers, the 30-Storey Ascent Corporate Office Suites and the 700,000 sf. Paradigm Mall. Currently, sales for the units have already begun, while the project is slated to be complete in three years time from now.

Location



Nowhere is more convenient and strategic in Kelana Jaya, other than the Kelana Jaya commercial centre. Several highways cut across this section of land: The LDP, the NKVE, the Federal, linking to the SPRINT, the North-South Central Link and many other major roads. The Paradigm itself is located just alongside the LDP, opposite the GIANT shopping mart, just a stone-throw away from the Taman Mayang residential area. About a kilometre or two ahead, is the Kelana Jaya LRT station. Surrounding the Paradigm’s area are high-rising condominium and the 3 important commercial spots in Kelana Jaya’s commercial centre: the Kelana Square, Kelana Centre Point and the Kelana Business Centre. SS2, Bandar Utama in the North, Bandar Sunway and Subang Jaya in the South, are the established cities and townships closest to it.

Developer
Formerly known as WCT Earthworks and Buildings Snd Berhad in 198, then WCT Engineering Berhad in 1994, WCT Berhad is no stranger to commercial development; taking its first property development project in 1996. Previous profile recorded involvement in various construction and engineering projects, as well as township planning and property development, both inside and outside of Malaysia (particularly in the Middle East, India, Vietnam). Awards gained include Road Engineering Excellence Award 2007, Export Excellence 2005 and Builder of the Year 2002, to name a few.

Selling Point
Boasting as the inspiration of a paradigm shift, The Paradigm's modern concept is its main selling point. A futuristic design with state-of-the-art facilities such as high-speed lifts; an eco-friendly concept such as energy-conservation system, natural ventilation and landscaping; these are its attraction to owners and operators, its image particularly appealing to those looking for a business outlet that can boost its business image and prestige; while its facilities and energy-conserving system helps improve business efficiency, working environment and save cost. As for investors, The Paradigm's strategic location is a good point; being accessible from various points as well as by the main public transport route. Combined with the nearby housing areas, it has already secured itself with a stable flow of potential customers. And riding the wave of Petaling Jaya's steady rise in occupancy rate due to relocation of businesses from Kuala Lumpur, there is no fear of unsold units or stagnant business; and the Paradigm Mall is a guaranteed attraction for potential customers: nearby residents, single or married with families and working employees of the office towers.

Drawbacks
Despite being a strategic location, The Paradigm faces tough competition. A few commercial developments are already on its way within the Kelana Jaya Commercial Centre, including the Zenith Corporate Park, which is quite similar to the Paradigm in features and facilities; both estimated to be complete in year 2011 or 2012. Being a leasehold land also makes it less attractive, particularly for foreign investors. Aside from that, the particular stretch along the Paradigm is a notorious jammed stretch during peak hours. The completion of the Paradigm, especially the Paradigm Mall will worsen the traffic around the area.

Conclusion
The Paradigm has the potential as a paradigm-shifter, bringing about a new age of futuristic and modern design and technology. It is a worthwhile investment, but not for a very long term, and it has to hold its grounds once completed, as it will be facing tough competition from surrounding commercial developments that are sprouting like mushrooms all over Kelana Jaya's Commercial Centre and around Petaling Jaya.
Image source: WCT Berhad Website
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Old January 11th, 2010, 12:25 PM   #31
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The Paradigm - A mega commerial high density project undergoing construction next to the LDP.

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Old April 30th, 2010, 07:56 PM   #32
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UPDATE:
Quote:
Originally Posted by Victor18 View Post
The Paradigm U/C Progress:

image hosted on flickr
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Old October 31st, 2010, 05:12 PM   #33
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The Paradigm
Quote:
Originally Posted by Victor18 View Post
The Paradigm U/C Progress:

image hosted on flickr

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Old July 17th, 2011, 05:51 PM   #34
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NEW DESIGN
Quote:
Originally Posted by rizalhakim View Post
image hosted on flickr
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Old July 17th, 2011, 05:51 PM   #35
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UPDATE:
image hosted on flickr

The Paradigm by seetan2006, on Flickr
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Old July 20th, 2011, 03:30 PM   #36
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image hosted on flickr

The Paradigm by seetan2006, on Flickr
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Old December 14th, 2011, 11:18 AM   #37
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NEW DESIGN


http://www.facebook.com/photo.php?





http://www.facebook.com/media/set/?s...8586300&type=1
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Last edited by nazrey; February 3rd, 2012 at 05:50 AM.
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Old February 3rd, 2012, 05:50 AM   #38
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>>
Quote:
Originally Posted by myf282828 View Post
Taken on 02 July 2011.

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Old February 3rd, 2012, 08:26 AM   #39
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Better than old design..reminds me to midvalley city
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Old May 1st, 2012, 06:37 PM   #40
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image hosted on flickr

20120427_162835 by atifnadzir, on Flickr
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