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Old September 1st, 2018, 05:40 PM   #1
CxIxMaN
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WISMA MCA REDEVELOPMENT | Kuala Lumpur (KLCC - Jalan Ampang) | Pro

Wisma MCA to be demolished to make way for 70-storey tower, says report

KUALA LUMPUR (Sept 1): There are plans to demolish Wisma MCA (pictured) in Jalan Ampang, Kuala Lumpur to build a 70-storey skyscraper, The Edge business weekly reported recently.

The Malaysian Chinese Association (MCA) is one of the oldest political parties in the country and is one of the founding members of the Alliance Party that led the country to independence in 1957. Wisma MCA is its headquarters.

According to the report, based on a back-of-the-envelope calculation, the gross development value of the project “is expected to be as much as RM1 billion”. It will comprise offices, a hotel, sky lounge and restaurant.

Using documents sighted, The Edge reported that plans to redevelop the site were started last October.

The political party’s earlier proposal submitted to Dewan Bandaraya Kuala Lumpur (DBKL) revealed that it the plans were for a single tower with office space, 253 hotel rooms, 46 serviced apartments and seven storeys of underground parking; and conditional approvals from the authorities were obtained in November.

However, a new proposal was given on July 13 which involves tearing down the 23-storey HQ and erecting a 70-storey tower with “an eight-storey basement carpark, a 328-room hotel that will occupy 24 floors and a two-storey sky lounge and restaurant on the 68th and 69th floors”, reported the business weekly. The plans were approved by DBKL on Aug 2.

According to industry analysts who spoke to The Edge, “unlocking the value of the asset is a good idea, but the timing has to be right”.

“Wisma MCA is located in a very strategic and prominent location in Kuala Lumpur City Centre. It is within walking distance of the Ampang LRT Station as well as the Ampang Park MRT Station. Hence, accessibility is exceptional.

“However, the timing is not conducive as the country is experiencing an economic slowdown, with the property market experiencing an oversupply in high-rise apartments/condominiums around the Klang Valley,” Stanley Toh, executive director of valuation firm LaurelCap told The Edge.

Adzman Shah Mohd Ariffin, the CEO and chief real estate consultant of ExaStrata Solutions Sdn Bhd, told the business weekly that “at 23-storeys, the development potential of Wisma MCA has not been optimised”.

He said there is an oversupply situation in the city centre and that developers must be aware that absorption will remain challenging over the next three to five years.

“But, there are pockets of opportunity for iconic developments with the right concept and which comply with international standard Grade A,” he added.

https://www.edgeprop.my/content/1419...er-says-report

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Last edited by davidwsk; August 19th, 2019 at 09:01 AM.
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Old October 3rd, 2018, 09:03 PM   #2
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Remember that post of Patchay's in the Ilham Baru Tower thread in which he stated that several old towers at the east of the KLCC should be demolished? Well, Patchay, it looks like you're getting your wish (sort of).

Ampang Park is already gone due to construction of an MRT station, with the MIDF Tower likely to follow. It's obvious that the SSP MRT Line will be driving such a redevelopment.
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Old October 4th, 2018, 08:00 AM   #3
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while the 'gems' in the centre of KLCC, Wisma Sentral and Wisma Getah are still standing strong
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Old October 5th, 2018, 04:33 AM   #4
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Quote:
Originally Posted by azey View Post
while the 'gems' in the centre of KLCC, Wisma Sentral and Wisma Getah are still standing strong
Lol, don't forget the "gem of all gems" - the ZON Residences on The Park, an eyesore sitting in a prominent place next to KLCC Park...

And coincidentally, the now-struggling UMNO has decided to shelve their ambitious plans to redevelop the PWTC, in the aftermath of their historic loss during GE14... I have a feeling that the even-worse MCA will hold back their plans too!
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Old October 5th, 2018, 08:29 PM   #5
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this can wait..DO SOMETHING TO THAT WISMA BSN!!!
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Old October 6th, 2018, 11:15 AM   #6
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MCA use their renaming money to become property developer?
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Old October 15th, 2018, 03:56 PM   #7
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oops
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Old August 19th, 2019, 09:01 AM   #8
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Quote:
MCA revises redevelopment plan on HQ land again

VASANTHA GANESAN / THE EDGE FINANCIAL DAILY
August 19, 2019

The political party will still tear down the existing 23-storey structure and build a 29-storey building, according to the latest plan.

The new plan, which has been granted conditional approval by DBKL, includes retail space, a hawker centre, a museum, a multi-purpose hall, an exhibition centre, an auditorium and 13 floors of hotel offering 164 rooms.
https://www.edgeprop.my/content/1575...-hq-land-again
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Old August 19th, 2019, 07:45 PM   #9
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what's the point of tearing down a 23 story building just to build a 29 story buildings?
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Old August 19th, 2019, 08:02 PM   #10
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So the city looks better without the need of the cost incurred with a mega project?

Cities cannot be too crowded with super talls especially along that narrow Jalan Ampang that already has fairmont and oxley down the pipe line. Sunlight etc. are important considerations too.
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Old August 20th, 2019, 01:24 AM   #11
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Quote:
Originally Posted by daeng_jal View Post
what's the point of tearing down a 23 story building just to build a 29 story buildings?
For more glassy building to make the elite skyline kot
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Old August 20th, 2019, 03:07 AM   #12
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Quote:
Originally Posted by daeng_jal View Post
what's the point of tearing down a 23 story building just to build a 29 story buildings?
exactly! the owner can just refurbish it
like a lot of old building in Singapore did
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Old August 20th, 2019, 03:44 AM   #13
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The guys at MCA should just tear that building open and refurbish it... I know many structures even in KL have undergone such renovations, resulting in something much better looking without having to knock it down - notably the Ken Bangsar Condo (previously a vacant office tower), Safuan Tower (another empty building), and The Chow Kit Ormond Hotel (from Sentosa Hospital to Tune Hotel to present luxury boutique hotel)...

Since the "replacement" is only six floors higher than the present Wisma MCA, what for burn their already-thin finances and demolish the old building?
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Old August 20th, 2019, 04:47 PM   #14
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Quote:
Originally Posted by daeng_jal View Post
what's the point of tearing down a 23 story building just to build a 29 story buildings?
Same feeling..If they really want to tearing down a 23 storey n rebuild, better they build a over 200 meter building same like wat equatorial hotel do
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