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Old April 13th, 2008, 01:30 PM   #1
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KUALA LUMPUR | Bangsar South Development News

UOA sets out to remake Kampung Kerinchi



A computer generated image of the Bangsar South integrated-city development depicting: 1 The Village property gallery, 2 The Horizon commercial centre, 3 The Vertical commercial centre, 4 The Sphere commercial centre and 5 The Park residences

UOA Holdings Sdn Bhd hopes to turn the old Kampung Kerinchi area into one of the Klang Valley’s most sought after addresses with its latest integrated-city development, Bangsar South. The property developer is a subsidiary of Australia Stock Exchange-listed UOA Ltd, which is also the controlling shareholder of UOA Real Estate Investment Trust (UOA REIT).

Its marketing and sales general manager Teh Heng Chong said the project is still in the planning stages but the developer hopes to emulate IGB Corp Bhd’s Mid Valley City located nearby.

“Although somewhat smaller in size, Bangsar South, a 60-acre leasehold mixed development would also be an integrated city, comprising a residential, commercial and retail component, which would be developed over a period of seven to eight years,” he said.

Teh said due to a strong demand in the market for commercial properties such as Grade A office buildings, the group may first launch 14 out of 37 blocks of 10- and 11-storey boutique office towers known as The Horizon, which it is targeting to sell enbloc. “Boutique offices give you naming rights when you purchase the whole building and offer exclusivity that is not available in conventional shop offices,” he said.

He added that piling works have already started on the “show towers” of The Horizon, which is expected to be completed in 2009. “We believe in giving value to our buyers by showing them
the actual units rather than just looking through a brochure,” he said. UOA is a strong advocate of the build-then-sell (BTS) concept, with three of its residential projects off Jalan Klang Lama — Happy Garden, Villa Yarl, and Halimahton, developed based on that concept.

Future commercial launches in Bangsar South include The Vertical, where plans are for 10 blocks of 20-storey office towers and a retail mall called The Sphere. About 50% or 30 acres of the development is expected to be allocated for its residential component known as The Park, which is planned for 2,100 units of high-end condominiums in eight blocks. Another component called The Village will house the development’s property gallery, show units, as well as three stories of F&B outlets.

Bangsar South is targeted for launch by the first quarter of next year and the developer is confident it would be well received based on the its track record and the strategic location.

“UOA has good branding and a strong portfolio in terms of commercial properties, which includes office buildings in the KLCC, Bangsar and Damansara area,” Teh said.

The group is in the midst of upgrading the roads and relocating the squatters in the Kerinchi area. “We are also negotiating with some big names to operate the F&B outlets in The Village,” Teh offered.

The developer recently soft-launched its Menara UOA Bangsar, a Grade A office development located off Jalan Maarof. The project consists of a 23-storey tower and a 39-storey tower with a net lettable area of 634,000 sq ft. However, UOA is only opening up the latter tower for sale while keeping the other for future purposes, with a possibility of it being injected into UOA REIT.

Up for sale are 411 units of single level and duplex business suites, with builtups ranging from 900 sq ft to more than 10,000 sq ft. Each unit has individual toilets and pantries. The average selling price is about RM792 psf for a gross development value (GDV) of RM502 million. A complete show unit of a duplex business suite will be available for viewing at the The Village show gallery in the future Bangsar South.

Teh said there is a lack of office space in Bangsar, and the business suites offered in the development would cater to that increasing demand for such properties.

“Menara UOA Bangsar is located adjoining the Bangsar LRT station, which offers good transportation options as KL Sentral is just minutes away,” he said.

The developer has also dedicated the ninth floor as the facilities floor, which acts as the common area for the office occupants in both towers to relax in.

“There is also a gymnasium available, he said, adding that the lowest three levels of the development would be leased out to potential F&B outlets.

The group launched the development simultaneously in Singapore and KL, receiving a good response, from Singaporeans. “About 40% of the units have been sold before the official launch scheduled for early next year and 10% of the buyers are from Singapore.”

“We are one of the first to market a Malaysian commercial development in Singapore since 1997 and we want to prove people wrong that Singaporeans are skeptical about commercial products on offer in Malaysia,” he added.
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Old April 13th, 2008, 01:44 PM   #2
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Old April 13th, 2008, 01:45 PM   #3
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Bangsar South Official Website

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Old April 13th, 2008, 01:46 PM   #4
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Sales Showroom
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Old April 13th, 2008, 01:48 PM   #5
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by John Ishii





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Old April 13th, 2008, 01:49 PM   #6
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by Wesley Wong (2buddybiz)

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Old April 16th, 2008, 03:59 PM   #7
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UOA, Al Batha Group seal RM131m deal before property launch
by Yeong Ee-Wah, 16 Apr 2008 10:37

KUALA LUMPUR: UOA Group (UOA) has sold three boutique office towers in its flagship development called Bangsar South for a total sum of RM131.35 million even before the official launch of the project.

UOA’s wholly owned subsidiary, Paramount Properties Sdn Bhd sold the office towers to Bangga Istimewa Sdn Bhd and Bidang Lagenda Sdn Bhd, two companies set up by Al Batha Group for the acquisition.

Teh Heng Chong, general manager of marketing and sales, told The Edge Financial Daily that the sales reflected the confidence towards UOA’s projects. He also said that the Bangsar South City has received strong interest from local and foreign buyers including from the Middle East, South Korea, Singapore, Canada and the US, even though it has not been officially launched.

“Judging from this sale and that a few boutique office towers are under negotiation, it will be a matter of time before UOA will launch more phases, both commercial as well as residential components,” he said.

Located just off the Federal Highway and New Pantai Expressway (NPE), Bangsar South City is a 24-hectare mixed development with a projected gross development value (GDV) of RM3.5 billion. It comprises residential, commercial and retail components. Modelled after cosmopolitan townships in other countries, the project would take between eight and 10 years to develop.

According to Teh, the leasehold township is divided into three main components, namely, The Village, Park Residences and the commercial precinct. The Village comprises UOA’s Property Gallery, which houses show units, as well as some retail outlets. Doubling up as the entrance statement, the “gallery cum show unit” is already completed and open.

Park Residences, the 12ha residential precinct, comprise contemporary condominiums. “We intend to introduce two condominium blocks to the market very soon,” said Teh. The units are sized between 1,300 sq ft and 2,100 sq ft.

“The first block would have 290 units while the second block would have 180 units. The average price for the first block is RM300 psf. We have not decided on the pricing for the second block,” he said, adding that the show units are open for viewing and plans for a clubhouse are in the pipeline. There would be a total of eight condominium blocks in Park Residences.

The final component is the 12ha commercial precinct, which is divided into three sections — The Horizon, The Vertical and The Sphere.

The Horizon, offers 10- and 11-storey boutique office towers to be sold en bloc whereby individual owners would have naming rights to the building. Each office tower has an average gross floor area (GFA) of approximately 54,000 sq ft, and the penthouse level comes fitted with a feature pool.

There will be 37 blocks in total, which would be built over three phases. Priced from RM550 psf onwards, construction has already begun and completion of Phase 1, comprising 14 blocks including the three blocks sold, is due early 2009.

The second section, named The Vertical, offers 10 blocks of 20-storey office towers while the third section, named The Sphere, is a neigbourhood retail complex comprising food and beverage outlets as well as other supporting amenities.

On whether The Vertical would be sold en bloc, Teh said that has not been decided. “If there is interest, we don’t mind selling en bloc. If there is demand, we might convert two blocks into a hotel and service apartments. As for The Sphere, it is planned for the tail end of our development,” he said.
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Old April 22nd, 2008, 07:01 AM   #8
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..Progress..

Quote:
Originally Posted by nazrey View Post
by Wesley Wong (2buddybiz)

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Old May 21st, 2008, 04:42 PM   #9
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Old July 18th, 2008, 08:10 PM   #10
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by rizalhakim

image hosted on flickr


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Old September 19th, 2008, 10:23 AM   #11
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Old September 19th, 2008, 01:47 PM   #12
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The Horrizon Commercial Centre








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Old September 20th, 2008, 10:46 PM   #13
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The Vertical Commercial Centre



The Sphere Commercial Centre

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Old September 20th, 2008, 10:48 PM   #14
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BANGSAR SOUTH

Scale models of master plan. Please note that for Park Residences, they have since swapped the Acacia and Begonia blocks (extreme right). My assessment is that Begonia will be largely blocked by The Vertical 20 storey office blocks, unless owners are buying into extreme high floor.



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Old October 7th, 2008, 12:52 AM   #15
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Old October 19th, 2008, 06:20 AM   #16
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by lh tanG


Last edited by nazrey; October 20th, 2008 at 11:30 AM.
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Old January 14th, 2009, 01:02 PM   #17
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http://www.myrealestate.com.my/viewtopic.php?t=6962
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Old May 2nd, 2009, 07:42 AM   #18
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Acacia, Park Residences @ Bangsar South (Condominium)
Bangsar South, Bangsar, Kuala Lumpur, Malaysia
From MYR653,800 - MYR974,800
Property Type: Condominium
Tenure: Leasehold
Land Area: 3.5 Acres (2 Blocks)
Min. Size: 1910 sq. ft.
Max. Size: 2095 sq. ft.
Listing Price: From MYR653,800 - MYR974,800
No. of Bedrooms: 4+1
No. of Bathrooms: 3+1
Total Units/Lots: 179

Facilities
Luxury condo facilities
Relaxing and pleasant ambience
Contemporary and stylish design
Private lounge or waiting area at lobby
Gym
Jacuzzi
Sauna
Changing Room
Infinity edged swimming pool
Pool deck
Pergola seating
BBQ Pit
Meeting room
Games room
Kindergarten
Function hall
Function area
Shop
Lush landscaping/streetscape


Additional Information

Features
3-Tier Security assuring a safe environment
Broadband ready
24 hours security system with guardhouse, card access, CCTV and patrol services
Intercom system
For more information, please contact +603-2282 9993
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Old May 20th, 2009, 10:56 AM   #19
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Quote:
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The Vertical Commercial Centre



The Sphere Commercial Centre

Update: The Vertical Commercial Centre
by Ethaniel

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Old May 20th, 2009, 10:58 AM   #20
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Quote:
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The Vertical Commercial Centre



The Sphere Commercial Centre

Update: The Vertical Commercial Centre
by Ethaniel

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