NEW STUFFS - DISCUSSION, NEWS & PICTURES III | Just message anything new of what you have seen or heard here.

[haze]

OFFICE & SERVICE APARTMENT TOWER Jalan Tun Razak, Kuala Lumpur

Background Information
The proposed site measuring 3.015 acres is located along the busy ring road, Jalan Tun Razak and near the Kuala Lumpur City Center. We were requested to design a mixed development comprising of 30-storey office suites tower, 20 levels (160 units) condominium units of various sizes, 20 levels of 160 units of SOHO units and a 3-storey commercial podium. The built up area of this development is approximately 69,000 sq meters or 704,000 sq ft. The site is also located near the Lake Titiwangsa City Park, the National Library, National Art Gallery, Istana Budaya and Hospitals.

Design Approach
In our design approach, we took account of the two most important views; the KLCC view, where the twin towers is located and the Lake Titiwangsa city park view. The three buildings or building components in our design proposal are angle in such of way that it will either have the KLCC view or the park view. In this design proposal, the office suites will face the KLCC view and the residential units will either face the park view or the KLCC view. The condominium block will have a circular edge to allow all corner units to have a 180 degree’s panoramic view of Kuala Lumpur.

The façade of the building has straight and clean lines with the use of glass and metal cladding. Both towers, follows identical architectural language and is designed to complement the surrounding existing buildings.

[haze]

Ugly version of KLCC

[patchay]

yeah.... btw alot of these renderings have been posted before...

[haze]

Glomac riding high
By Allison Lee
Email us your feedback at fd@bizedge.com


Glomac Bhd is riding high on the record-breaking RM1,120 psf purchase offer by Kuwait Finance House Bhd and real estate investor Prestige Scale Sdn Bhd for its Glomac Tower in KL City Centre. And the next four years are set to be an exciting time for the developer as it has RM3.3 billion worth of projects underway.
"We have 14 projects (RM3.3 billion) in the pipeline, with nine in our ongoing township and commercial developments. The remaining five are future projects," group managing director Datuk FD Iskandar FD Mansor tells City & Country.
He adds that Glomac remains "hungry for more good landbank... we will concentrate on smaller pockets of land to be turned into niche projects that bring faster returns for our shareholders".
He lists four of the five new projects — the RM577 million Glomac Tower, the RM85 million Glomac Galleria in Desa Sri Hartamas, the RM115 million Sri Bangi project in Bandar Baru Bangi, and Glomac Damansara on Jalan Damansara. As for the fifth, he declines to elaborate and hints that more will be shared once the deal is inked.
Glomac Tower is being developed by Glomac Al Batha Sdn Bhd, a joint venture between Glomac and Al Batha Group from the United Arab Emirates. The 40-storey Grade A office tower is situated on Jalan Pinang and is scheduled to start construction in early 2008.
Both Glomac Galleria and Sri Bangi are scheduled for launch early next year, while plans for Glomac Damansara are still on the drawing board. FD Iskandar says there are plans to build Glomac's first-ever retail mall on the seven-acre site.

Glomac Galleria
He raves about Glomac Galleria's "fantastic location" fronting the SPRINT Highway. "People will have no problem locating the project as we offer excellent frontage and visibility. There are 400 registrants for the 20 units for sale and we are considering either conducting a ballot or opening it for tender. I'm not sure whether tendering properties for sale has been done in Malaysia but it is common in Singapore and Bangkok," he says.
Glomac Galleria is situated on Jalan 19/70A, in the southern corner of Desa Sri Hartamas Town Centre. The 1.34-acre project offers 20 units of 4½-storey shopoffices with sizes of 25ft by 55ft and 26ft by 55ft, built on a modern, dual-frontage concept. Units are going for RM3.8 million to RM4.5 million en bloc, with over 200 parking bays available.
He adds that the location used to be an up-and-coming area, but is now a business hub of its own with a population to support the commercial products. "What is good about this area is the purchasing power of both the locals and foreigners. There are a lot of expatriates, making the area suitable for food, and food and beverage outlets and foreign banks.
What sets Glomac Galleria apart from the other shopoffices in the area is its unique 40ft boulevard. "We have 10 units on each side and we have covered the back alley, creating a covered walkway. Malaysians are big on alfresco dining and this will give shop owners the flexibility to conduct more activities and generate an after-office buzz to the project," says FD Iskandar.
He notes that the project would be attractive to investors because of Glomac's track record of generating high capital-appreciation rates for commercial projects. "Aman Suria's prices appreciated 50% when we handed over the units and the rates have gone up by 100% now. Plaza Kelana Jaya hit 30% prior to handing over and the same can be said about Dataran Glomac. Therefore, the moment you receive the keys for Glomac's commercial properties, you stand to gain 30% to 50% appreciation," he states.

Sri Bangi
"There are areas in the outskirts of the Klang Valley, where most would be pleasantly surprised to discover thriving townships. One of these is Bandar Baru Bangi," says FD Iskandar, who learnt that the shophouses facing the main roads are fully tenanted.
He adds that some of these 2-storey shophouses were launched at RM280,000 to RM300,000 and are now changing hands at RM500,000 to RM600,000. "When we wanted to set up the show office for Sri Bangi, we found out that there was a waiting list for a unit once a tenant leaves," he shares.
The 28.5-acre Sri Bangi is located in Section 8, Bandar Baru Bangi, and the leasehold development offers 63 commercial units and 258 residences. The commercial units of 2½-storey and 3½-storey shopoffices will be launched by year-end, with prices from RM550,000 to RM850,000. The 2-storey terraced houses will be put on the market in the second quarter of 2008.
"We are offering Bangi a new product. For the first time, buyers will be getting terraced houses set in a secure, gated environment paired with a clubhouse equipped with a gym and swimming pool. Glomac has introduced clubhouses in Petaling Jaya, Puchong and Cheras and they are highly appreciated by buyers," says FD Iskandar.
He points out that Sri Bangi is different because of its modern design and this, together with the project's good location, makes it appealing for the upgrader market. "We are in front of the Bangi Golf and Country Resort and Equatorial Hotel, and for shopping, Complex Bangi is next door."
He notes that having 400 registrants for the shopoffices shows the strong demand for properties in the area. "People are looking at Bangi because of its proximity to Putrajaya and Cyberjaya. Also, the infrastructure improvements have made the area more accessible."
Sri Bangi is 10km from Putrajaya and Cyberjaya and is accessible via the Kuala Lumpur-Seremban Highway, Lebuhraya Damansara Puchong, SILK, Cheras-Kajang Highway, ELITE and Kesas Highway.

[haze]

December 06, 2007 22:20 PM

Sime Darby To Build Model Townships For Low-And Middle-income Earners


KUALA LUMPUR, Dec 6 (Bernama) -- Sime Darby Bhd plans to develop model townships of affordable housing for low- and middle-income earners in several states.

In a statement here today, Sime said this would address the pent-up demand for affordable housing.

The company said under the Bandar Gemilang Sime Darby programme, it would turn slivers of its plantation land in several states into townships with apartments, link houses, semi-detached houses, libraries, schools, sports fields, police stations and places of worship for the major religions.

The states are Labu, Negeri Sembilan, Gurun in Kedah and Vision City in Selangor.

Sime said the size of the apartments and houses would be larger than the typical low- and medium-cost apartments and houses.

"While the standard size of a low-cost link house is about 600 sq ft, the low-rise apartments in Bandar Gemilang will be bigger, averaging at about 900 sq feet.

"In addition, some of the residential units will be flexible and can be extended or expanded according to the needs of the house owners," it said.

Sime chairman, Tun Musa Hitam, outlined the plan at the launch of Sime Darby Convention Centre here today by Prime Minister Datuk Seri Abdullah Ahmad Badawi.

He said phase one of the programme would be in Labu, Negeri Sembilan, where 240 hectares of plantation land would be turned into a model township.

"The next scheme will be Gurun, Kedah, followed by the Vision City in Selangor," he said.

Musa said the number of units which would be built at each of the three initial sites would depend on the demand from potential home owners.

"Sime aims to create sustainable communities and is confident that the Bandar Gemilang programme will be well-received by the rakyat.

"Houses under the programme will be energy-efficient, will benefit from a water recycling system and will be surrounded by lush greenery.

"Efforts will also be made to encourage sustainable initiatives such as waste recycling, utilising of recyclable building materials and harnessing of rainwater for irrigation purposes," he said.

-- BERNAMA

[patchay]

A bold successful move
TheStar BizWeek
By DAVID TAN
davidtan@thestar.com.my


FOUR years ago, when it was listed on the main board of Bursa Malaysia, YNH Property Bhd made a conscious decision to reposition itself as a leading high-end property developer in the Klang Valley. At that time, the shift into high end properties in prime locations seemed like a bold move considering the fact that the group has been involved in affordable housing scheme for over 20 years in Manjung, Perak.

To realise the aspiration, the group acquired prime land in Kuala Lumpur. The timing was also key as there was generally the perception that the soft property market situation in 2003 was coming to an end, and there would be an upswing soon in demand for properties on prime locations, says group corporate services head Daniel Chan.

As a result, the group ended up with 38-acres of prime location land in Kuala Lumpur city.

The decision to move into Kuala Lumpur's hot spots was indeed, as it turns out, a right one.

“For example, Menara YNH, one of the group's projects planned for 2008 in Kuala Lumpur on a 3-acre site, has already attracted much attention from internationally reputable developers who want to jointly develop the project with us.

The 45-storey iconic building, with a gross development value of RM1.2bil, is designed to accommodate a single office block and a retail centre. Each floor has a floor plate of 55,000 sq ft, which is one of the largest in the world. The total net lettable area of approximately 1.2 million sq ft is also one of the largest in Malaysia, he says.

Chan adds that YNH is now considering offers from reputable investors from Hong Kong, Singapore and New York to jointly develop Menara YNH.

The company has also received offers to purchase the Menara YNH en-bloc from interested parties from Singapore and Middle East.

The rapid appreciation of land value in Kuala Lumpur has evidently justified the group's decision to enter into property development in Kuala Lumpur, Chan added.

“In Kuala Lumpur city, the per sq ft of undeveloped land is now RM1,500, compared to about RM500 psf when we first bought it.

“For developed commercial properties, such as office buildings, the value is now above RM1,100 psf, compared to RM600 psf in 2003.

“This can be seen in the latest transaction for Glomac Tower located in Kuala Lumpur City Centre (KLCC), which was sold for RM1,120 psf.

YNH has lined up 10 projects of high-end and affordable residential and commercial properties with an estimated gross development value of over RM6bil for launch over the next five years in Kuala Lumpur and Manjung, Perak.

There are 9 projects planned for Kuala Lumpur that would be implemented between 2008 and 2013, while in Manjung the group would launch a mixed development project with an estimated gross development value of RM2.3bil project that would take about 20 years to complete.

“The group would carry out the development of the 9 projects at the 38-acre of land bank spread over in Kuala Lumpur city and Mont Kiara.

“The projects in Kuala Lumpur city and Mont Kiara that would be developed next year are the RM1.2bil Menara YNH at Jalan Sultan Ismail, while the RM700mil D'Kiara Place and RM300mil Project 6 Duta are planned in Mont Kiara.


The RM1.2 billion 45-storey Menara YNH on Jalan Sultan Ismail
[Iconic?????? I'm Disappointed !!! ]


“There are 6 other projects, comprising retail commercial properties and luxurious condominiums, with an estimated total gross development value of RM1bil, which will be developed in Mont Kiara between 2009 and 2013,” he says.

On the group's on-going projects in Kuala Lumpur city and Mont Kiara, Chan says the RM300mil 163 Service Suites and the RM200mil Ceriaan Kiara luxurious condominium project would be completed respectively in 2008 and 2009.

“In September 2007, we managed to get Fraser Hospitality Pte Ltd to manage the 163 Service Suites, which comprises high-end service apartments, offices, and retail outlets.

“The project is 97% sold. The Ceriaan Kiara project, comprising two blocks of condominiums, in Mont Kiara is over 80% sold.

In October 2007, CIMB-Mapletree has signed with us to purchase from us one block of the project,” he says.

In Manjung, the project planned for next year would be developed on a 1,000-acre site.

Chan says YNH had bought the 1,000-acre land more than 10 years ago and plans to develop 20,000 units of residential and commercial properties over the next 20 years.

Some 90% of the development would be residential components, comprising terraced and semi-detached houses, while the remaining 10% would consist of shop-houses. Each year, YNH will launch 500 houses on a 50-acre site for the next 20 years, which is expected to generate about RM75mil in revenue for the group annually,” he says.

Chan says the project was strategically located next to the Lumut Naval Base and Lumut Port Industrial Park.

“Our research team has checked out that there is still a lot of demand for affordable housing in Manjung due to the presence of the Lumut Naval Base and the Lumut Port Industrial Park.

“There are also several oil and gas and bio-diesel companies presently in Manjung expanding their operations, which is currently driving the demand for affordable housing,” he says.

On the group's future business directions, Chan says YNH would continue acquiring land only in strategic locations.

“The group will concentrate on looking for land in Manjung, and selective parts of Klang Valley and Ipoh,” he says.

Chan says because the group had purchased its land bank in Kuala Lumpur at very attractive pricing, the rise of building materials' prices of late did not eat into the profit margins of the group.

“We can still manage a good profit margin of between 40% and 50% despite the increase in the raw materials' prices,” he says.

The YNH Property group is owned by the Yu family in Sitiawan, Perak.

The group has to date completed and sold more than 8,800 units of residential and commercial properties with an estimated gross development value of RM820mil in Perak since 1982.

YNH was also the recent recipient of the Forbes Asia 'best under a billion' award in recognition of its performance one of the region's top 200 small and medium size companies.

Two recent analyst reports published in November 2007 have recently revised their forecast earnings for YNH Property Bhd.

The reports from KAF-Seagroatt & Campbell Securities says it was revising the earnings for the 2007 and 2009 fiscal years by between 2% and 5% in view of higher margins for its high-end projects in Kuala Lumpur.

RHB Research Institute Sdn Bhd is also bullish on the group's capability to achieve higher earnings for the period 2007 to 2009.

It says the higher margins would also be influenced by the group's new projects such as the D'Kiara Place, Project 6 Duta, and better selling price for the existing projects such as the Ceriaan Kiara condominium project and 163 Service Suites.

KAF-Seagroatt also expects the shortage of premier commercial buildings in Kuala Lumpur CityCentre (KLCC) to boost the selling price of Menara YNH.

[TWK90]

Gesh, the older design at least has some shapes, now this one is just plain box...

[patchay]

KL"S LATEST - MiLLENNIUM RESIDENCE


42 storey with a 15-storey high crown on top, and it is Gold-cladded!!!

It means the building will have a height of a 57storey building but has only 42 floors in actual.

It will be KL's latest "supertall" and will be seen from skyline as it will be tallest in the Bukit Bintang area.

[OshHisham]

Originally Posted by patchay

The 45-storey iconic building, with a gross development value of RM1.2bil, is designed to accommodate a single office block and a retail centre. Each floor has a floor plate of 55,000 sq ft, which is one of the largest in the world. The total net lettable area of approximately 1.2 million sq ft is also one of the largest in Malaysia, he says.


The RM1.2 billion 45-storey Menara YNH on Jalan Sultan Ismail

gawd....these peoples really don't underdstand the meaning of the word 'iconic', ....aren't they? anyway it's still ok...i understand it is all about built cost..and the Millenium kick arse! but hey...the color scheme, it looks familiar with one in HK (i forget building name)

[Mojim]

*SIGH* I'm dissapointed with the 'iconic' (yeah right -__-) menara YNH...it's just....uh....nothing!

Compared to the Millenium Residence, now that's what I called iconic! I love the design.

[KING BOB]

AiyoooH... It's not too bad but I expected more from YNH . Anyway, that Millenium tower is sexy , but 42 storeys doesn't sound like a supertall to me.. ??

[rizalhakim]

Prima Prai plans to launch high-end units

By S.C. CHEAH

PRIMA Prai Group Bhd plans to launch several high-end developments both in Malaysia and Australia next year.*

The three high-end developments in the country will be The Runnymede, with more bungalows and a new condominium project in its ongoing The Sanctuary, both on Penang island; and a bungalow project in Mont' Kiara, Kuala Lumpur.*

It also has a new development three hours from Perth in Western Australia called the Margaret River Resort.*

Managing director Datuk Mohd Ramzan Ibrahim told StarBiz that the Margaret River Resort would be the single largest project in Margaret River, a region famous for its wineries, scenic beauty, lakes and caves.*

An artist's impression of The Sanctuary, a gated and guarded, high-end residential development Batu Uban, in Penang.
He said there would be 161 chalets in a low-density gated community. The property, to come on-stream in early 2009, is on a 25-acre freehold piece of land next to a 75-acre lake.*

Ramzan said 45% of the units would be sold, leaving the rest for investment purposes.*

“Purchasers can lease their units back to us and they can use their units for a specified numbers of days. It could be two weeks to a month. We also plan to engage an international hotel chain to manage the property,” he said. *

”If you want peace and quiet, clean air and very good food, this is the perfect place for relaxation. The Margaret River wine region is famous for its wineries,” he said. *

Meanwhile, Prima Prai’s flagship development The Runnymede in Georgetown, might be launched in the third quarter of 2008.*

The freehold 5.5-acre development on the site of the historical Runnymede at Jalan Sultan Ahmad Shah (formerly Northam Road) is billed as the most exclusive in the state. *

To reflect its heritage, the two high-rise blocks to be called Runnymede Residences will have colonial architectural designs. There will also be a full suite hotel.*

Ramzan said the Runnymede name had been retained to reflect its rich history.*

He said the current block would be renovated and turned into a heritage building and the ground floor would be used for wedding receptions.*

The group has built and sold a 350,000 sq ft office building on an adjacent parcel of land.*

As for the project in Mont' Kiara, Kuala Lumpur, Razman said it would have a gross development value (GDV) of about RM40mil. It will be on a freehold 2-acre land overlooking the KLCC. It will have only 13 exclusive bungalows priced from RM3.2mil. *

It would mirror the kind of quality features and concept at the group's high-end residential project, The Sanctuary in Batu Uban on Penang island.*

“The pricing of this project will be higher (than The Sanctuary) by at least 40% as the land cost is high. We are a bit cautious of coming to Kuala Lumpur,” said Ramzan.*

The group would also be launching Phase 1B comprising the second batch of 30 bungalows in The Sanctuary in Batu Uban, Penang Island early next year. *

The 30 bungalows are as good as sold as Kuwait Finance House (Malaysia) Bhd signed a Mudharabah agreement on Nov 29 to provide RM74.4mil capital to Corner Side Realty Sdn Bhd (a unit of the Prima Prai Group) to underwrite the sale of the 30 bungalows.*

Meanwhile, the group also has two other projects in the pipeline.*

They are an 80-acre medium-cost housing development next to the Highway Auto City in Juru, Penang with RM300mil GDV to be launched next year and a proposed 420-acre development close to Club Med Cherating in Pahang. *

[haze]

http://www.arkitekmaa.com/new_projects.html

1. surian tower
2. menara felda
3. menara gemilang DBKL

[triple-j]

That menara gemilang dbkl, is that where the four season is located?

[travellator]

Limitless into Malaysia
United Arab Emirates: 9 hours, 1 minute ago
A senior official with real estate developer Limitless has revealed the firm will shortly announce a multi billion dollar project in Malaysia, reported Emirates Business 24/7. Philip Atkinson, the company's Regional Director for South East Asia, would not be drawn on the size or cost of the venture but admitted the Dubai World subsidiary is also planning developments in Indonesia, the Philippines, Thailand, Vietnam and Singapore.

any info people

i suspect it will be part of the development corridors, but which one?

[skyscraperboy]

menara gemilang DBKL looks huge and big! Very unsuitable 4 tht area. I thnk it should be build beside Menara Telekom lah.

[rizalhakim]

menara genilang dbkl? maybe dah tak wujud...coz the location is 4 four season rite? but cool design.....one of the best in kl.....robohkan wisma central boleh? hehe.....can sum1 add on the pic....

[rizalhakim]

ICON TOWER
Mon't Kiara, Sri Hartamas

ini baru ke?

mahsing group pun ada icon tower in mont kiara but with difrnt design...

[haze]

City Hall: Developer had approvals
By : Malina Jeya Palan


KUALA LUMPUR: The Da-mansara 21 development project was allowed by City Hall as the developer had the necessary approvals from the various agencies.

City Hall public affairs and international unit deputy director Muhammad Sidek Khalid said the land in Medan Damansara was deemed private property.

"It belongs to the developer, and not the entire area is a designated green lung. The relevant authorities have given the approval to proceed with the project.

"In terms of planning, the site was designated for residential purposes according to the plan that had been approved since 1967."

Sidek said the development was not taking place in a green lung and that City Hall had not asked residents to submit their objections as the population density of 18 people per acre was within the allowed limit.

He said City Hall had received an application to build bungalows at the site last year. On Feb 6, its town planning committee approved the application and the development order was issued on Feb 16.

The project is being developed by SDB Properties Sdn Bhd, a subsidiary of Selangor Dredging Bhd. A total of 21 bungalows, worth RM10 million each, will be built on a slope at Bukit Hijau.

Sidek said he was not aware of the existence of a 1971 plan, which residents of Medan Damansara said showed that the area had been designated as an open area.

"As long as the developer proceeds in accordance with development guidelines, there should not be any concern of landslides," he said, adding City Hall supervisors would be on site to ensure that the developer adheres to the guidelines.

Federal Territory Ministry undersecretary of technical and geo-spacial division, Dr Aizi Razman, said during a meeting with residents, City Hall and the developer in October, there was no formal agreement that development would not take place.

He said the ministry was awaiting a report from City Hall to establish whether the site was in fact a green lung .

Selangor Dredging Bhd's communications and corporate affairs manager Lina Othman said the site was bought in Aug 2005 with a development order from City Hall dated May 2003. A new development order was subsequently obtained in February this year.

"The land is freehold and guaranteed for use for building with no mention of green lung in the title."

She said approval had been granted by 17 other departments, including the Department of Environment and the Department of Mineral and Geoscience, Selangor.

Lina said the company had also written to City Hall with an undertaking that only minor work would be carried out during the rainy month.

During a visit to the site by the New Straits Times, an excavator and a chain saw were spotted there. There were piles of felled logs and steel rods.

Residents have complained of the noise and claimed that work at the site has been ongoing for the past week.

Asked about this, Lina said the excavator was not considered heavy machinery and the clearing of trees was to create access to the site.

[patchay]

Thanks haze. Here's the pics for 2 Proposed...

Menara Felda (quite tall right??)


Menara Surian (proposed to be Boustead Properties new HQ) at Mutiara Damansara







I call this "Danga Bay Global City" lol