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Old September 5th, 2013, 11:09 AM   #1
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PAVILION EMBASSY KL | Kuala Lumpur (Jalan Ampang) | Prep

MRB Ampang Redevelopment

-Coming soon..

Last edited by davidwsk; March 1st, 2015 at 09:06 AM.
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Old September 5th, 2013, 11:10 AM   #2
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Tuesday May 8, 2012

MRB eyes RM1.5bil project

By TEE LIN SAY
[email protected]

At least four firms said to have expressed interest in Ampang development

PETALING JAYA: The Malaysian Rubber Board (MRB) is mulling an exercise to develop another piece of its land in Ampang, Kuala Lumpur, and at least four developers have expressed firm interest in the project, according to industry sources.

The sources added that the project would entail condominiums and office blocks with an estimated gross development value of some RM1.5bil.

The land is located on Lot 211 and Lot 25 in Ampang and is situated close to the Sommerset Apartments and the Nationwide Express building.

The four parties said to be interested in this project are Equine Capital Bhd, KUB Malaysia Bhd, Malaysian Resources Corp Bhd and Crest Builder Holdings Bhd.

Some sources believed that Equine, a company said to be linked to Malton Bhd's Datuk Desmond Lim Siew Choon, is a front runner to bag the joint-venture deal.



This comes shortly after sources had told StarBiz that MRB would be awarding a RM1.4bil development on 2.2ha in Jalan Ampang, to Crest Builder Bhd and its 49% joint-venture partner Detik Utuh Sdn Bhd.

“MRB is embarking on a strategy to monetise its landbank. It is not interested in outright purchases of its land as it is looking for a longer-term business model with recurring income,” said a source.

MRB's most high-profile landbank that will be tendered out soon is the development of the Rubber Research Institute Malaysia land measuring 1,215ha in Sungai Buloh, Selangor.

MRB's landbank includes Menara Getah Asli, which fronts the Petronas Twin Towers in Jalan Ampang, the Rubber Research Institute building in Jalan Ampang, and two others, one each in Jalan Stonor and Jalan Lidcol

Meanwhile, the question of ownership in Equine continues to elude investors since the resignation of its former chairman and controlling shareholder, Datuk Patrick Lim Soo Kit, in 2008. Patrick was said to have close ties with former premier Tun Abdullah Badawi.

Since Patrick's exit, the media has speculated numerous times that Equine was linked to the elusive Desmond.

Back in 2006, Equine was the darling stock when its 25% associate, Abad Naluri Sdn Bhd, won the mandate to redevelop the Penang Turf Club land into a RM20bil Penang Global City Centre project.

This project was, however, shelved by the state government under Pakatan Rakyat following the March 2008 general election.

In October 2008, Equine sold off its entire 25% stake in Abad Naluri to Kiara Ikhtisas Sdn Bhd for RM2mil. The media started speculating that Kiara Ikhtisas was linked to Desmond, who is also the major shareholder of Malton.

Desmond denied having any ties with the private concern.

Meanwhile, some of the high-profile projects developed by Malton include Pavilion KL and Fahrenhait 88, formerly KL Plaza.

Desmond caused quite a stir on the local property scene back in 2010 when it paid an unbelievable RM7,209 per sq ft for a piece of land in Jalan Bukit Bintang. While the deal attracted lots of criticism, some also said it was possible that he was looking to integrate that parcel of land with Pavilion KL.
http://www.thestar.com.my/story.aspx...ess%2f11245460
----
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Old September 5th, 2013, 11:11 AM   #3
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Quote:
Originally Posted by rizalhakim View Post
GOB, PEDOMAN IKHTISAS TANDATANGANI PERJANJIAN PEMBANGUNAN DENGAN LEMBAGA GETAH M'SIA

KUALA LUMPUR, 3 Mei (Bernama) -- Global Oriental Bhd (GOB) dan unit milik
penuhnya, Pedoman Ikhtisas Sdn Bhd, menandatangani perjanjian pembangunan bersama dengan Lembaga Getah Malaysia (LGM) untuk memajukan sebidang tanah disini.

Di bawah perjanjian itu, Pedoman Ikhtisas telah dilantik oleh LGM untuk
memajukan tanah itu sebagai pembangunan bercampur terdiri daripada, antara lain,menara korporat, menara pejabat, menara kediaman, vila bandar, lot parkir serta prasarana dan kemudahan lengkap seperti yang terkandung dalam perjanjian itu. Dalam satu makluman kepada Bursa Malaysia, GOB berkata cadangan pembangunan itu dijangka menjana nilai pembangunan kasar (GDV) yang dianggarkan berjumlah RM860 juta. GOB berkata hak LGM terdiri daripada RM20 juta dalam bentuk tunai dan RM247.25 juta dalam bentuk lain, memandangkan ia adalah sebuah menara korporat. "Jumlah RM267.25 juta itu termasuk kos tanah yang dijamin berjumlah RM187.9
juta," katanya.

Ia berkata hak pemaju ialah GDV daripada cadangan pembangunan itu setelah
ditolak hak tuan punya. GOB berkata Pedoman Ikhtisas akan memulakan kerja-kerja pembinaan dalam tempoh empat bulan dari tarikh permulaan pembangunan.
-- BERNAMA
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Old September 5th, 2013, 11:11 AM   #4
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Quote:
Originally Posted by rizalhakim View Post
1) i. 1 BLOK BANGUNAN PEJABAT 21 TINGKAT (MENARA A)
ii) 1 BLOK BANGUNAN SOFO 33 TINGKAT (MENARA B) DI ATAS PODIUM YANG TERDIRI DARIPADA 2 TINGKAT KOMERSIL (ARAS BAWAH DAN TINGKAT 1) 7 TINGKAT TEMPAT LETAK KERETA DAN 1 TINGKAT KEMUDAHAN PENDUDUK 3 TINGKAT TEMPAT LETAK KERETA BAWAH TANAH - 41 TINGKAT
2) 1 BLOK BANGUNAN PANGSAPURI PERKHIDMATAN 42 TINGKAT (MENARA C) - 588 UNIT
3) 1 BLOK BANGUNAN PANGSAPURI PERKHIDMATAN 36 TINGKAT (MENARA D) - 222 UNIT
4) RUMAH KELAB 2 TINGKAT BESERTA KEMUDAHAN 2 UNIT KOLAM RENANG
5) 4 TINGKAT TEMPAT LETAK KERETA BAWAH TANAH DI ATAS LOT 211 DAN LOT 5, JALAN AMPANG, SEKSYEN 88A, BANDAR KUALA LUMPUR, WILAYAH PERSEKUTUAN KUALA LUMPUR

http://www.epbt.gov.my/osc/Proj1_Inf...ame=480697&S=S
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Old March 1st, 2015, 08:40 AM   #5
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Approved

Quote:
CADANGAN PEMBANGUNAN KOMERSIAL YANG MENGANDUNGI:- A) 1 BLOK BANGUNAN PEJABAT 24 TINGKAT (MENARA A) B) 1 BLOK BANGUNAN PEJABAT 24 TINGKAT (MENARA B) C) 1 BLOK BANGUNAN PANGSAPURI PERKHIDMATAN 32 TINGKAT (MENARA C) - 318 UNIT DI ATAS PODIUM YANG TERDIRI DARIPADA 2 TINGKAT KOMERSIL (ARAS BAWAH DAN TINGKAT 1) 7 TINGKAT TEMPAT LETAK KERETA 2 TINGKAT KEMUDAHAN PENDUDUK DAN 2 TINGKAT TEMPAT LETAK KERETA BAWAH TANAH DI ATAS LOT 211 DAN SEBAHAGIAN LOT 5, JALAN AMPANG, SEKSYEN 88A, BANDAR KUALA LUMPUR, WILAYAH PERSEKUTUAN KUALA LUMPUR

Untuk Tetuan:TETUAN PEDOMAN IKHTISAS SDN BHD, NO.1, JALAN PUTRA PERMAI 1A, TAMAN EQUINE, 43300 SERI KEMBANGAN, SELANGOR TEL 03-89417878/FAX 03-89481010

Kategori Projek:A - Projek Biasa

Jenis Pemajuan:C - Komersial
Rancangan Tempatan (RT)
:
Tiada RT (Rancangan Tempatan)
No. Lot:211 DAN SEBAHAGIAN LOT 5
Mukim:KUALA LUMPUR

Last edited by davidwsk; March 1st, 2015 at 09:03 AM.
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Old March 11th, 2015, 01:34 PM   #6
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Quote:
Global Oriental to sell land for RM142mil
Wednesday, 11 March 2015



KUALA LUMPUR: Global Oriental Bhd's shareholders today agreed to the disposal of two parcels of land in Selangor for RM142.35 million to improve cash flow and loan repayment.

Executive director, Wee Beng Aun, said the disposal would also help support the company's new development in Jalan Ampang here.
"We need the money as working capital for the 'Pavilion Embassy', a mixed joint-venture development project with the Malaysian Rubber Board," he told reporters after the company's extraordinary general meeting here today.


The 2.27-hectare project, comprising integrated townhouses and high-end condominium, is expected to begin in the coming month, with completion period for about five years. It would also comprise commercial offices.

Wong said the move was to diversify the company's property business, apart from developing the core businesses of townships mainly in Equine Park, Selangor and Batu Kawan, Penang.

He said the company expected 2015 to be a challenging one due to uncertainties such the introduction of the Goods and Services Tax on April 1, and stricter lending guidelines from the financial and banking institutions.

"These are some of the issues that are holding back the purchasers from committing themselves. With the tightening of loans, the number of buyers has also decreased," said Wee.

However, Wee was confident that properties below RM1 million would still have good prospects, particularly in locations with good transportation facilities.

Meanwhile, chief financial officer, Ng Eek Meen, said the company has been performing better for the past three years after it underwent a major management restructuring of management and re-strategising its investments in 2010.

"We are also working hard to reduce our debts," he said. - Bernama
http://www.thestar.com.my/Business/B...mil/?style=biz
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Old April 25th, 2015, 04:03 PM   #7
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Pavilion Embassy


http://www.pavilionembassy.com
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Old May 1st, 2015, 04:44 AM   #8
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[img]http://i58.************/25ull5j.jpg[/img]

[img]http://i60.************/98sxex.jpg[/img]
Source: http://www.pavilionembassy.com
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THE KUALA LUMPUR DEVELOPMENTS COMPILATION (LATEST: JAN'2015) >>> PAGE 1 >>> PAGE 2 (Suburb)

PATCHAY | Website | Facebook | Flickr | Twitter | Instagram | Foursquare

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Old May 4th, 2015, 12:00 AM   #9
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Why so short?
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Old June 11th, 2015, 10:15 AM   #10
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http://konzepte.asia/
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Old June 15th, 2015, 09:12 AM   #11
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Old September 16th, 2015, 01:18 PM   #12
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Work haven't started yet and the bungalow in the compound also still intact.



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Old October 11th, 2015, 11:06 AM   #13
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Here

Quote:
Originally Posted by archilover View Post
Quote:
Originally Posted by archilover View Post
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Quote:
THE KUALA LUMPUR DEVELOPMENTS COMPILATION (LATEST: JAN'2015) >>> PAGE 1 >>> PAGE 2 (Suburb)

PATCHAY | Website | Facebook | Flickr | Twitter | Instagram | Foursquare

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Old October 11th, 2015, 01:13 PM   #14
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Quite short..30+ floors only...
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Old December 18th, 2015, 08:44 AM   #15
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It's there any update for this one?
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Old March 22nd, 2016, 02:38 PM   #16
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..

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Old March 22nd, 2016, 04:35 PM   #17
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At first it was Sentral, now Pavilion.
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A Greater Kuala Lumpur, a New Malaysia
Kuala Lumpur | كوالا لومڤور | 吉隆坡 | கோலாலம்பூ

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Old August 24th, 2017, 08:36 AM   #18
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http://www.sharetisfy.com/2015/08/go...15opteron.html
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Old August 24th, 2017, 08:38 AM   #19
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Quote:
Global Oriental expects better FY18 earnings

Wong Ee Lin
Thursday, 24 August 2017 12:19:07 PM


Now, Pavilion Embassy KL and Galleria II will both be launched in September, while the Manjung Waterfront project is expected to be launched early next year.
https://www.theedgeproperty.com.my/c...ampaign=buffer
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Old October 15th, 2017, 07:27 AM   #20
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Project started?

Sep 2017

PE by Koko Krunch, on Flickr
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