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Old December 8th, 2007, 07:43 AM   #161
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Originally Posted by nazrey View Post
Jaya 33, Petaling Jaya
May 6, 2007
Kalau sungei wang plaza facelift macam ni..memang bagus !!!

Jaya 33, Petaling Jaya
by coolaldred

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Old December 12th, 2007, 06:23 AM   #162
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Heritage in the making
Wednesday December 12, 2007
By TAN KARR WEI
TheStar

Zahim Albakri, the stage and screen actor-director extraordinaire, is certainly going to be a very busy man come 2008. Why?

The man will be having perhaps one of the biggest jobs in town, coordinating and putting things into place at the upcoming community arts centre and theatre called Petaling Jaya Life Arts (PJLA).


While most of the theatre spaces in the Klang Valley like Istana Budaya, KLPac and The Actor's Studio are located around Kuala Lumpur, Petaling Jaya has never had an artistic hotspot to call its own.

Located within the new Jaya One development in Section 13, the PJLA is set to provide PJ folks with a fresh breathe of creative air to complement their suburban lifestyle.

Rather than developing just another commercial centre, Tetap Tiara Sdn Bhd executive director Charles Wong wants something that could benefit the community.

While researching on the history of PJ, Wong realised that from being a satellite town evolving to become the city it is today, there has not been any new community or lifestyle offerings for PJ dwellers.

“Initially, we wanted to build a multi-purpose hall but we wanted something that could fit into the long-term lifestyle needs of the people so we decided a performing arts centre was the way to go,” Wong said.

Wong's vision was to create a thriving artistic hub complemented by a wide range of dining, retail, health and wellness outlets.

With Zahim roped in as artistic director and lighting designer Mac Chan adding his touch in designing the theatre, the PJLA is aiming to converge the creative community into an area that would house - besides the actual theatre - administrative offices, rehearsal spaces, meeting rooms and studio space for classes and workshops.

Zahim is excited about the potential of this new attraction and he hopes to bring in sponsors to run scheduled yearly programmes for the theatre.

“PJ is a city now. To have city status, it's a shame not to have a theatre space,” he said.





New landmark: Jaya One in Section 13, Petaling Jaya,
will house the PJ Live Arts, a community arts centre and theatre.




Zahim also feels that people need to see the arts as being part of society and part of their lives as the nation develops.

Zahim and Wong are in accord that another point of attraction that would create a constant stream of customers is the eight double-storey bungalows in Palm Square, the heart of Jaya One, containing upmarket eateries and cafes that is synonymous with the present breed of working class people.

For the budget conscious, there is Wai Sek Kai (a Cantonese term loosely translated as Gluttony Street), which would be home to kopitiams (Hokkien for coffeeshops) and local Malaysian delights like nasi kandar and chicken rice.

“I would like to see it alive all of the time, not just at night but the whole day. Jaya One is very different. It's really thought about and well planned. It's not just about commercial spaces,” said Zahim, who feels that there were already far too many shopping complexes in the Klang Valley.

As the PJLA was developed with the community in mind, Zahim hopes that all sorts of art lovers would support in whatever way they can.

He is open to feedback and ideas that people might have and can be contacted at [email protected]. my

The PJLA is expected to be ready by the second half of next year while the official handover to commercial tenants is scheduled for Dec 15 this year.

For more information, visit their website www.jayaone.com.my.

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Old December 12th, 2007, 08:45 AM   #163
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Malaysia eyes RM1.7b FDIs for Selangor halal park

MIHAP expects new investments and business relocation from China in halal food manufacturing, and production of halal pharmaceuticals and biohealth food

MALAYSIA is aiming for some US$500 million (RM1.7 billion) foreign investments in an international halal park that will be developed in Selangor.


Government-owned MIHAP Holdings Sdn Bhd is trying to rope in China's National Investment Management Ltd (NIML) for the project.


The firms signed a memorandum of understanding (MOU) recently, witnessed by Prime Minister Datuk Seri Abdullah Ahmad Badawi, NIML said in a statement.


Under the deal, NIML will develop a halal franchising centre at the park and expects to generate 100,000 visitors per year from abroad.


NIML will also provide franchise management, in line with its current activities in the Shanghai Global Brand Franchise Centre, and halal global brand development.


"We expect new investments and business relocation from China to be in the halal food manufacturing, production of the halal pharmaceuticals and the halal biohealth food industry," said MIHAP adviser Datuk Ibrahim Ahmad.


NIML managing director Eros Lai said China has a Muslim population of over 30 million and they are ready for global markets.


"Our local partner (MIHAP) will assist us in the foreign direct investment process and audit certification, while our role is to bring in capital investments and players to build on the success of MIHAP.


"We are excited about this National Project under the Private Finance Initiative announced by the government last year," he added.
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Old December 13th, 2007, 03:28 AM   #164
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Malton set to unveil Pearl Villas

PETALING JAYA: Regular users of the Sprint highway along Section 16 may have noticed a hoarding that has come up around an empty piece of land, a few metres away from a BHP petrol kiosk.

This freehold site will soon see 40 units of 2½-storey semidees being built by Malton Bhd.



Dubbed Pearl Villas, the prices of the semidees in the gated development are expected to start from RM2.6 million.

A call made to Malton’s office revealed that the developer plans to launch Pearl Villas sometime this month before the year comes to a close. It is believed that some 30 buyers, all locals, have registered their interest in the project. With two designs to choose from, the land areas of the semidees range between 3,000 and 7,000 sq ft while built-ups are from 4,700 sq ft.

Meanwhile, it is also understood that Malton is busy preparing for another high-end project launch in the Petaling Jaya vicinity. The gated project is near SS23, Taman SEA, is targeted for launch next May.

The freehold project is expected to comprise 35 units of 3-storey zero-lot bungalows and 3-storey semidees. One may own a bungalow for a cool RM4 million.

Standard units are said to have land areas of 5,000 sq ft and built-ups of 5,000 sq ft. The site is said to be located opposite the Beaconhouse Sri Inai International School. Some prospective buyers have already registered their interest.

By theSun (by Loo Pik Kwan)

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Old December 13th, 2007, 07:20 AM   #165
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IDAMAN APARTMENTS




Excellent Location; Extremely Affordable; Easy Access to Shah Alam, USJ, KL via Shah Alam Expressway (KESAS); Extensive Amenities - supermarket, Fast food, Hospital, School, bank; Established Neighborhood; Exquisite concept & Design; Expected Capital Appreciation; Apartment Living with condo Facilities.


Specifications

Structure: Reinforced concrete framework
Wall: Cement sand brick
Windows: Aluminum frame window - front
Timber/aluminium louved window - others
Door: Aluminium sliding door - balcony
Timber door - front entrance
Plywood flush door - others
Wall Finishes: Kitchen & toilet (5ft high local ceramic tiles)
Floor finishes: Living, dining & rooms - local ceramic tiles
Others - cement rendered
Paint: Internal Walls (Emulsion Paint), External Walls (Acrylic Paint)
Sanitary & Plumbing fittings:
Sitting WC 2 nos
Wash Basin 2 nos
Shower rose 2 nos
Wash Tap 2 nos
Kitchen Sink 1 nos
Electrical Fittings:
Lighting Point 11 nos
13 Amp Power pc 7 nos
Fan Point 1 no
MATV Point 1 no
Telephone Point 1 no

For further information call ...
03-5122 8889
012-320 2368 or 012-277 7838
7th Floor, Menara A&M, Garden Business Centre, No. 3, Jalan Istana,
4100 Klang, Selangor Darul Ehsan, Malaysia.
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Old December 14th, 2007, 04:11 AM   #166
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UPTOWN 37

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Old December 14th, 2007, 06:02 AM   #167
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SunCity sedia laksana projek RM900 juta


SUNWAY City Bhd (SunCity), akan melancarkan projek bernilai RM900 juta di Lembah Klang dalam tempoh enam bulan akan datang bagi mengukuhkan lagi segmen perniagaan pembangunan hartanahnya.

Pengarah Urusan Pembangunan Hartanah SunCity, Ngian Siew Siong, berkata antaranya ialah projek bersepadu SunCity KL di tapak seluas 9.2 hektar yang akan dilancarkan menjelang suku pertama tahun depan, Sunway South Quay, Palazzio dan Taman Duta di Kuala Lumpur.

"Sejak Julai lalu hingga akhir tahun ini, kami sudah melancarkan beberapa projek bernilai RM1 bilion, menjadikan jumlah nilai keseluruhan projek yang dilancarkan berjumlah RM1.9 bilion, dalam tahun kewangan berakhir 30 Jun 2008.



"Dalam suku pertama berakhir 30 September lalu, kami sudah meraih jualan RM338 juta daripada projek yang dilancarkan sebelum ini" katanya selepas Mesyuarat Agung Tahunan (AGM) di Petaling Jaya, semalam.

Ngian berkata, SunCity yang kini mempunyai simpanan tanah seluas 1,320 hektar turut memberi tumpuan kepada pembangunan hartanah komersial menerusi projek pembinaan menara pejabat 24 tingkat di kawasan seluas 0.4 hektar di Jalan Ampang, awal tahun depan.

Katanya, dalam suku pertama tahun kewangan semasa, segmen perniagaan hartanah syarikat itu meraih sebelum cukai sebanyak RM76 juta diraih daripada pendapatan berjumlah RM359 juta.
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Old December 16th, 2007, 01:23 PM   #168
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11 new growth areas for Selangor
19/11/07
Zuhaila Sedek


Selangor does not want to be left out in the nation's current aggressive development phase. While the federal government has initiated the creation of three major economic corridors on the north, east and south of the peninsula, Selangor state on the west will undertake on its own steam 11 hotspots for growth.

These are Lembah Bernam, Bestari Jaya, Selangor Automotive City, the Kuala Lumpur-Kepong development centre, the Selangor Vision City (Guthrie Corridor), Carey Island, Canal City, Pantai Morib, Vintage Heights, Sepang Gold Coast and Ladang Socfin.

State Town and Country Planning Department director Mohd Jaafar Mohd Atan revealed these areas at a workshop organised by the Selangor State Investment Centre on infrastructure and facilities development held in Shah Alam earlier this week.

"We expect these new growth areas to reach their full potential by year 2020," he said, adding that they come within the National Physical Plan, which the Cabinet approved in April 2005.

With the hotspots, infrastructure in the state would be enhanced to accommodate a projected population of 15.36 million.

"Efficient and sustainable urban development that is resilient, dynamic and competitive will be emphasised in these areas. Quality urban services, infrastructure and utilities will also be provided within them," Jaafar said.

However, he pointed out that several issues and challenges need to be addressed by the relevant parties in order to make the new growth areas a success. Among these is the need to develop linkages with the other development corridors of the peninsula – the Iskandar Development Region, the Northern Corridor Economic Region and the East Coast Economic Region.

"Besides making sure that they are well linked, we will also look into the provision of an integrated and efficient urban transportation system and adopt a holistic approach to town planning to achieve the goals of sustainable development," he said.

To ensure the success of the hotspots, Jaafar called for "collaboration and smart partnership" between key state agencies and major industry players.

A gazetted development plan emphasising sustainable development, he said, would be drawn up.

The growth areas are envisaged to benefit all economic sectors of the state, especially property and real estate, infrastructure, agriculture, industrial and multimedia.
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Old December 17th, 2007, 04:34 AM   #169
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PJCC aims to emulate success of Mid Valley

Property Talk: By S.C. CHEAH


Vincent Tai Chu Shi with a model of the PJCC project

Commercial properties in prime locations have been experiencing good take up rates for the past few years.

Besides a good location, competitive pricing is also an important factor.

The PJCC (Petaling Jaya Commercial City), an upcoming integrated three-phased commercial development comprising a Retail City (shop offices and service suites), Tower City (three to four-star hotel, office tower and shopping mall), Auto City and Lake City complexes, is one such development that boasts of location and pricing as its winning assets.


Vincent Tai Chu Shi with a model of the PJCC project
It is strategically located between the Old Klang Road and New Pantai Expressway (NPE) in the booming Bandar Sunway-Subang Jaya corridor. In fact, it is in one of the fastest growing locations in Petaling Jaya.

The developer, PJCC Development Sdn Bhd is building part of a slip road from the NPE to the development. When completed in eight years, PJCC can be seen from the NPE.

As for pricing, it is 30% to 40% cheaper than similar developments and that explains why 95% of the 34 units of the 3-storey shop offices in Phase 1 had been snapped up since its initial launch this March. There are also very limited units of the 5, 6 and 8-storey shop offices left.

Phase 2 comprising of more 3, 5 and 8-storey shop offices are now opened for sale. About 47% of the 34 units of 3-storey shop offices in Phase 2 have been sold.

The selling price of the Phase 2 strata title office units starts from RM199,900 while the price for the strata title ground floor shop lot with first floor office lots is RM660,900.

The individual title 3-storey, 22ft x 70ft shop offices are priced from RM868,900 while the individual title 5-storey shop office with lift is priced at RM2.5mil. The individual title 8-storey shop office with lift is priced at RM3.9mil. Both the 5 and 8-storey shop offices are limited corner lots with 40 ft wide frontages.

All shop offices will have wide back lanes of 40 to 50ft for easy loading and unloading of goods.

It has been noticed that when a location is “hot” and is in a prime area with a big population like in Subang Jaya and Bandar Sunway, there is no let up in the demand for more shop offices. The Taipan commercial centre in USJ is a good example where ready tenants usually move in soon after the ground floor shop lot has been vacated.

In PJCC's case, the developer has done the right thing in offering more than just shop offices. In fact, it has consulted extensively with landscape specialists and consultants to design an interactive lake in its Lake City featuring musical fountains, shallow wading pools, floating decks with retail kiosks and a stage for performances.

The interactive lake with surrounding greenery will have wide pedestrian styled promenades with extensive landscaping of imported and local trees and flowering plants. The lake will also feature cantilevered sitting areas leading down to the lake for relaxation.

Lake City in Phase 3, will have a bazaar with retail lots on the ground and first floor and a 3-level car park with about 500 bays.

PJCC Development Sdn Bhd sales & marketing manager Vincent Tai Chu Shi said PJCC would “mirror and parallel” the success of the Mid Valley City, about 10 minutes drive away.

“At PJCC, we have priced our commercial offerings at almost half of the current selling price of properties in Mid Valley City. Hence, the potential for high capital gains and rental returns for PJCC properties is very optimistic as PJCC believes in allowing its purchasers to enjoy a higher margin of capital appreciation,” he said.

Tai said the service suites called PJCC Avenue (550 sq ft to 850 sq ft) and PJCC Tower (1,200 sq ft to 1,800 sq ft) under Phase 2 were now opened for registration. Both would be priced around RM220 psf. The PJCC Avenue will have studio, 1, 2, and 3-bedroom layouts and SOHO (small office home office) units.

They will have facilities such as gymnasium, business centre, swimming pool and wading pool, 24-hour security, with guards and broadband and Astro ready.

He said the proposed 3-storey shopping mall in Tower City (Phase 3) would have about 267,000 sq ft of retail space.

“We are positioning PJCC which consists of four precincts, as a one-stop commercial city. It will be one of the biggest commercial developments in Petaling Jaya,” added Tai.
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Old December 17th, 2007, 08:00 AM   #170
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by derek1988ec

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Old December 17th, 2007, 08:01 AM   #171
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Titijaya ubah wajah Klang
Oleh DALIZA ARIFFIN

PETALING JAYA 16 Dis. – Kumpulan Titijaya, pemaju hartanah bersepadu, akan mengubah imej pusat bandar Pelabuhan Klang dan Klang melalui dua projek terbarunya yang bernilai RM350 juta.

Pengarahnya, Charmaine Lim Puay Fung berkata, dua projek tersebut ialah Harbour Point di Pelabuhan Klang dan Klang Sentral di Klang.

Jelasnya, Harbour Point yang membabitkan pelaburan bernilai RM50 juta itu merupakan projek pembinaan 21 unit rumah kedai dan kompleks membeli-belah 120 lot ruang niaga setinggi dua tingkat.

Menurutnya, projek di kawasan seluas 1.36 hektar itu akan meningkatkan aktiviti komersial di Pusat Bandar Pelabuhan Klang pada masa depan, berbanding rumah-rumah kedai sedia ada yang selama ini sudah berusia lebih daripada 50 tahun.

‘‘Bangunan baru dan kompleks beli belah ini bakal menjadi tumpuan kerana ia berada di lokasi yang strategik serta memiliki lapangan meletak kereta yang luas dan sebuah pasar raya besar,’’ katanya kepada Utusan Malaysia, di sini.

Menurut Charmaine, sasaran pelabur bagi projek yang dijangka siap menjelang tahun 2009 itu adalah komuniti dan usahawan di sekitar Pelabuhan Klang.

Tambahnya, sehingga kini, Titijaya telah berjaya menjual lebih daripada 40 peratus unit-unit kedai di Harbour Point sejak pra pelancarannya.

Jelasnya, kemudahan pengangkutan juga terdapat di situ termasuk terminal bas Pelabuhan Klang, stesen komuter Keretapi Tanah Melayu (KTM) dan jeti Pulau Ketam.

Mengenai Klang Sentral pula, beliau berkata, syarikat yang telah terlibat dalam industri hartanah sejak 20 tahun lalu itu akan melabur kira-kira RM300 juta untuk projek berkenaan.

Jelasnya, projek seluas 33.2 hektar itu akan dibangunkan dalam tiga fasa iaitu 220 unit lot kedai dan juga terminal bas termasuk bas ekspres dan teksi yang baru, fasa kedua membabitkan pembinaan projek Sentral Walk dan fasa ketiga pula ialah bangunan pejabat setinggi tiga tingkat yang masih lagi dalam pelan perancangan.

‘‘Projek terminal bas dan teksi ini dijangka siap menjelang pertengahan tahun depan dan lokasinya amat strategik kerana ia bersambungan dengan beberapa lebuh raya utama,’’ ujarnya.

Sementara itu, Titijaya juga sedang membangunkan projek SS15 di Subang Jaya yang merupakan bangunan pejabat moden pertama di SS 15 Subang Jaya.

Katanya, projek bangunan pejabat setinggi 18 tingkat itu juga akan membabitkan pembangunan blok komersial yang akan disewakan kepada peniaga.

‘‘Blok komersial itu akan disewakan kepada syarikat berjenama terkenal dari luar negara,’’ jelasnya.

Menurutnya, nilai pembangunan kasar untuk bangunan pejabat itu adalah sebanyak RM100 juta dan dijangka siap menjelang 2009.
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Old December 17th, 2007, 09:21 AM   #172
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PJCC aims to emulate success of Mid Valley

Property Talk: By S.C. CHEAH

Commercial properties in prime locations have been experiencing good take up rates for the past few years.

Besides a good location, competitive pricing is also an important factor.

The PJCC (Petaling Jaya Commercial City), an upcoming integrated three-phased commercial development comprising a Retail City (shop offices and service suites), Tower City (three to four-star hotel, office tower and shopping mall), Auto City and Lake City complexes, is one such development that boasts of location and pricing as its winning assets.



It is strategically located between the Old Klang Road and New Pantai Expressway (NPE) in the booming Bandar Sunway-Subang Jaya corridor. In fact, it is in one of the fastest growing locations in Petaling Jaya.

The developer, PJCC Development Sdn Bhd is building part of a slip road from the NPE to the development. When completed in eight years, PJCC can be seen from the NPE.

As for pricing, it is 30% to 40% cheaper than similar developments and that explains why 95% of the 34 units of the 3-storey shop offices in Phase 1 had been snapped up since its initial launch this March. There are also very limited units of the 5, 6 and 8-storey shop offices left.

Phase 2 comprising of more 3, 5 and 8-storey shop offices are now opened for sale. About 47% of the 34 units of 3-storey shop offices in Phase 2 have been sold.

The selling price of the Phase 2 strata title office units starts from RM199,900 while the price for the strata title ground floor shop lot with first floor office lots is RM660,900.

The individual title 3-storey, 22ft x 70ft shop offices are priced from RM868,900 while the individual title 5-storey shop office with lift is priced at RM2.5mil. The individual title 8-storey shop office with lift is priced at RM3.9mil. Both the 5 and 8-storey shop offices are limited corner lots with 40 ft wide frontages.

All shop offices will have wide back lanes of 40 to 50ft for easy loading and unloading of goods.

It has been noticed that when a location is “hot” and is in a prime area with a big population like in Subang Jaya and Bandar Sunway, there is no let up in the demand for more shop offices. The Taipan commercial centre in USJ is a good example where ready tenants usually move in soon after the ground floor shop lot has been vacated.

In PJCC's case, the developer has done the right thing in offering more than just shop offices. In fact, it has consulted extensively with landscape specialists and consultants to design an interactive lake in its Lake City featuring musical fountains, shallow wading pools, floating decks with retail kiosks and a stage for performances.

The interactive lake with surrounding greenery will have wide pedestrian styled promenades with extensive landscaping of imported and local trees and flowering plants. The lake will also feature cantilevered sitting areas leading down to the lake for relaxation.

Lake City in Phase 3, will have a bazaar with retail lots on the ground and first floor and a 3-level car park with about 500 bays.

PJCC Development Sdn Bhd sales & marketing manager Vincent Tai Chu Shi said PJCC would “mirror and parallel” the success of the Mid Valley City, about 10 minutes drive away.

“At PJCC, we have priced our commercial offerings at almost half of the current selling price of properties in Mid Valley City. Hence, the potential for high capital gains and rental returns for PJCC properties is very optimistic as PJCC believes in allowing its purchasers to enjoy a higher margin of capital appreciation,” he said.

Tai said the service suites called PJCC Avenue (550 sq ft to 850 sq ft) and PJCC Tower (1,200 sq ft to 1,800 sq ft) under Phase 2 were now opened for registration. Both would be priced around RM220 psf. The PJCC Avenue will have studio, 1, 2, and 3-bedroom layouts and SOHO (small office home office) units.

They will have facilities such as gymnasium, business centre, swimming pool and wading pool, 24-hour security, with guards and broadband and Astro ready.

He said the proposed 3-storey shopping mall in Tower City (Phase 3) would have about 267,000 sq ft of retail space.

“We are positioning PJCC which consists of four precincts, as a one-stop commercial city. It will be one of the biggest commercial developments in Petaling Jaya,” added Tai.
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Old December 18th, 2007, 10:27 AM   #173
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neo damansara.......new project? by emkay group
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Old December 20th, 2007, 12:42 AM   #174
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Can't find the thread for PJ8....





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Old December 21st, 2007, 07:35 PM   #175
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Tropicana City Update 21-12-07
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Old December 26th, 2007, 04:51 AM   #176
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Petaling Tin plans landmark project

By Siow Chen Ming
Email us your feedback at [email protected]

Petaling Tin Bhd is out to rid itself of its sleepy image by developing a landmark office tower project in Petaling Jaya with a gross development value (GDV) of nearly double its market capitalisation.
According to management, the office tower project is expected to be worth some RM150 million in GDV, with a gross development margin of about RM60 million. The project, given its size, will have a significant impact on Petaling Tin, which has a market value of only RM86.1 million based on the closing price of 25 sen last Wednesday.
Petaling Tin has no debt and was in fact sitting on net cash of RM17.6 million as at Oct 31. It has net tangible asset (NTA) of RM359.2 million or RM1.04 per share. From a valuation standpoint, the company, 34.2% owned by Tan Sri Chen Lip Keong, looks significantly undervalued.
"We haven't gone out to promote ourselves to investors as we have nothing much to show yet. But things will start picking up in the next one or two years," says Leong Choong Wah, who was appopinted CEO in August.
He says apart from the office tower, the company will launch several projects in the Klang Valley, particularly in Ulu Kelang and Sungai Buloh, worth RM173.9 million in GDV. These projects are expected to have a gross development margin of slightly under 20%, or about RM34 million.
In total, Petaling Tin has property development projects with a GDV of more than RM320 million.
The office tower takes top priority. The management hopes to get approval by the third quarter next year to build a class A office tower. The project will sit on a 88,284 sq ft site to be acquired from sister company Karambunai Corp Bhd for RM12 million (which works out to RM135.90 per sq ft). The site currently has a four-storey building and factory erected on it and is tenanted by Petaling Tin and a third party.
The office tower will be a landmark project for Petaling Tin, says Leong. Located in Jalan Semangat and not far away from Jaya Supermarket and Jaya 33, the project aims to capture a slice of the property market boom in Petaling Jaya, which is seeing industrial areas transformed into a commercial centre and office hubs.
"The PJ City Council is looking to raise the plot ratio (density) for new projects. Based on a maximum plot ratio of, say, 3.5, we can have a project with about 309,000 sq ft (88,284 sq ft times 3.5) in saleable area. Multiply that with the going rate of about RM500 per sq ft in the PJ area, the GDV is about RM150 million, that is, if we put the entire office block for sale," says a confident Leong.
Rental return could be high, given the rate of RM4 per sq ft for class-A offices in the PJ vicinity. Based on 309,000 sq ft, annual gross rental income could be as much as RM14.8 million.
Leong estimates that the cost of developing the PJ project will not be more than RM90 million, including the land cost of RM12 million. The company plans to fund the project from profits generated from ongoing projects as well as some borrowings.
While the supply of new office space in PJ is set to increase substantially in the next few years, given rapid developments in the vicinity, Leong is optimistic that there will be enough demand to absorb the supply. He says PJ is becoming a choice location for offices due to the increasing congestion in Kuala Lumpur city centre.
Another point favouring Petaling Tin is its zero-gearing, which makes it less susceptible to financing risk.
"Assuming the market situation turns bad, we can afford to sit down and wait. It's not like we have borrowed a lot of money to acquire the land," says Leong.
The management hopes that the office tower project will lend credibility to Petaling Tin as a niche developer, going forward. While its existing landbank in the Klang Valley could last a few more years, the company is on the look-out to acquire small pockets of land for high-end projects.
Apart from the office tower project and other developments in the Klang Valley, Petaling Tin also owns some 1,500 acres of resort land in Karambunai, Sabah. The huge tract of hillside land is behind the massive beachfront land owned by Karambunai Corp.
The resort land is carried at a net book value of RM210 million, making up almost 59% of Petaling Tin's net tangible asset value. However, the lack of development potential in the immediate term may have caused the resort land to be not fairly reflected in Petaling Tin's market value.
But Leong says the potential of the resort land could be exciting in the near future. He adds that Karambunai Corp had locked in RM210 million in sales, representing a 90% take-up rate, from the launch of over 200 resort residential units in the first phase. Each unit carries a price tag of about RM1 million. Most of the sales were generated from foreign customers.
While Karambunai Corp is set to launch the second phase of the beach front project, Petaling Tin is deliberating its plans for the hillside resort land, which, apart from residence units, may also include a six-star resort.
"We are not in a rush. We are waiting for the right time to launch the Karambunai project," says Leong.
Petaling Tin has long been a neglected counter. It was once proposed to be the back door vehicle for Chen's gambling operations in Cambodia, but the deal was not approved. It had generally been a quiet stock until its plunge into property. But it does not have land in prime locations such as the KLCC area.
Nevertheless, this could be the beginning of a new phase for Petaling Tin. If it lacks fundamentals, the mere fact that it has no gearing and is trading at a 75% discount from NTA, should offer investors a healthy comfort zone to ride on its property ventures.
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Old January 6th, 2008, 02:33 PM   #177
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Quote:
Originally Posted by Ethaniel83 View Post
New Jaya Shopping Centre Rendering

Time to move out of PJ’s blue landmark
Saturday January 5, 2008
By JADE CHAN
TheStar

More tenants of Jaya Supermarket in Section 14, Petaling Jaya, are preparing to move out of the 22-year-old shopping centre which is scheduled to be demolished after Chinese New Year.

SECTION 14A Rukun Tetangga (RT) chairman Tee Kee Tian recalls going to Jaya Shopping Centre often, whether to shop for fresh produce at the supermarket, enjoy his favourite steak or buy a new pair of shoes.

“Jaya Supermarket (as it’s better known) is a famous landmark in Section 14 and PJ itself. It was built in 1974 and is one of the first supermarkets in PJ,” said Tee, a PJ resident for 27 years.

This “blue landmark” will soon be gone, as it has been earmarked for a redevelopment plan that includes the demolition of its existing structure and the construction of a new shopping mall with basement parking.

While its management representatives refused to reveal any details, sources told StarMetro that it is scheduled to be demolished after Chinese New Year and construction of the new mall will be completed in about three years’ time.

The existing building has four storeys of retail units, five storeys of office units, as well as a one-storey lower ground and rooftop car park.

There are 396 and 70 parking spaces for vehicles and motorcycles respectively.

The new seven-storey retail building with a four-level basement parking will have 839 and 332 parking spaces for vehicles and motorcycles respectively.





Farewell, old friend: Jaya Supermarket will soon be demolished and will be
redeveloped into a lifestyle shopping mall with a cinema, department store
and retail units.




According to the redevelopment plans, the developer has come up with a traffic management system to better manage the traffic flow.

It will have a dedicated lane for entering and exiting the mall, which are parallel to Jalan 14/24 and Jalan Semangat, two service zones for heavy vehicles to unload cargo, and a drop-off zone for customers to go into the mall.

“The developer approached the RT early last year to explain the redevelopment of Jaya Supermar-ket. They had a few dialogues with the residents and we proposed suggestions to structure the traffic management system and loading zones better,” said Tee.

“The residents and developer also had several meetings with the Petaling Jaya City Council (MBPJ), which was chaired by councillor Choo Yoong Fatt.

“We discussed the traffic, safety, security and pollution issues which could crop during the construction process, and the developer promised they would take care of them.

“With the additional parking spaces, we foresee that traffic congestion will be softened once the new shopping mall is opened,” he said.

“We look forward to having the new mall, which will be redeveloped into a lifestyle shopping mall with a cinema, department store and retail units. But we’ll miss Jaya Supermarket, which is like our neighbourhood convenience shop for groceries and F&B purposes.”

Jaya Supermarket’s tenants have begun moving out, as the last day they are allowed to trade is Feb 6, 2008 (eve of Chinese New Year).

“They’re moving to nearby Jaya 33, 3 Two Square, Amcorp Mall and Atria; a few have not been able to find new premises,” said Tee, adding that he estimates about 30% of the new shopping mall will be made up of the old tenants.

The tenants were given a six-month notice beginning early August 2007 to move out.

“We chose to move to Jaya One based on its proximity to our current location, its management’s approach and promotion plans, and high density population,” said Chelsea Lai, the youngest daughter of Jaya Noodle House founder and head chef Lai Kok Choy.

Chelsea and her sisters have been compiling a database of customers’ contact numbers for months, and are hoping to move into their new premises in February.

“There is a slight melancholic air now. My father and the other tenants who’ve been around for decades never thought that Jaya Supermarket would go before them, but they understand that things have to come and go,” she said.

Hing’s Watch founder and director Yee Wah Hing owns one of the founding shops in Jaya Supermarket and moved his outlet to Jaya 33 after receiving notice about the redevelopment.

He attributes his sustainability to having loyal customers and word of mouth recommendations, and plans to open another outlet once the new shopping mall is built.

“Jaya Supermarket holds a lot of memories for me and I’ve grown to see three generations of customers coming to my shop,” said Yee.

For Jaya Do-It-Yourself Centre proprietor Eddy Ng, it has been several weeks of sleepless nights as he plans how to move his stocks, new racking systems and ways of informing customers of his shop’s move to a showroom office in Section 17.

“There had been speculation for about two years that Jaya Supermarket would either be refurbished or demolished. Once the plans were firmed up, we scouted around for a new place and settled on a property that belongs to my family,” said Ng, 54.

He has a keen interest in moving back to the new mall if the rental is not exorbitant, and hopes to be part of the new Jaya when it is completed.
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Old January 7th, 2008, 05:24 AM   #178
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Titijaya fast becoming innovative developer



Property Talk: By S.C. CHEAH

THE Titijaya Group is fast making a name for itself as an innovative property developer, shedding its previous image as merely a builder of traditional shop offices.

This year will see the group launching several new projects in Selangor that will include the [size="3"]Subang Soho[/size= in SS19, Subang Jaya, and Sentral Walk in Klang Sentral after the coming Chinese New Year.

It also has a 500-acre development in Sungai Kapar Indah and nearly 300 acres in Kapar Bestari, a joint venture project with Worldwide Holdings Bhd.

Group director Charmaine Lim Puay Fung is upbeat that its new line-ups would do as well as its previous developments.

The Sentral Walk will have a concept similar to The [email protected] Curve in Damansara. There will be 80 units of three and four-storey hybrid/shop offices with dual frontage and a landscaped courtyard in the middle.

The ground and first floor will be retail lots while the office unit will be on the third floor. Prices are from RM988,000.

With 90% of the 220 units of three-storey Phase 1 shop offices sold, it is obvious that there is a strong demand for retail units in the RM12mil Klang Sentral transportation hub.

The Phase 1 units were priced from RM788,000 to over RM1mil. There will also be a proposed hypermarket on a six-acre land.

Meanwhile, the1.6-acre, freehold 19-storey Subang Soho with RM90mil gross development value will cater to young, single professionals who yearn to have their own “working pad” that is within easy reach of many amenities.

Again, Titijaya has researched people's lifestyle and feels that the time is right to launch 448 Soho units despite the rising number of apartments in the nearby Subang Parade stretch.

Subang Soho's special features include a sky club, rooftop garden, broadband connectivity, 16ft-high double-volume concept and fully furnished units that include air-conditioners.

Unit sizes are from 560 to 1,084 sq ft and priced around RM350 per sq ft (priced from RM198,800). There will be two wings.

In Sungai Kapar Indah, Titijaya will soon be selling 80 units of houses completed by Guthrie previously.

These include two-storey link houses priced from RM178,000 for the 20ft x 65ft type and from RM186,000 for the 20ft x 70ft type.

Realising a demand for single-storey terrace houses in the area, the company is going to launch some 20ft x 65ft, single-storey terrace houses priced from RM160,000.

Other projects in its stable include:

Harbour Point. This retail and office development on 3.4 acres of leasehold land in the town centre in Port Klang was launched recently. About 60% of the 21 units of three-storey shop offices and priced from RM799,000 have been sold.

This project is in a good location as it is between the main thoroughfare of Pesiaran Raja Muda Musa and Jalan Depoh.

There will also be a neighbourhood mall called HP Mall. The anchor tenant will be Giant that will be taking up 30,000 sq ft of space.

The retail lots from 250 to 800 sq ft will be priced from RM143,000. There will be 80 covered parking bays as well as an open car park.

Titijaya is keeping 30 of the 100 retail lots. About 90% of the saleable lots have been sold.

Titijaya has done its research well as it knows there is a strong demand for modern retail lots with very few sub sales from existing retail units in the area. Most of the buyers are also up-graders.

Tiara Square in UEP Industrial Park in USJ12. All 94 units of two-storey shop offices have been sold and completed. Certificate of Fitness for Occupation (CF) is being handed over to purchasers. The value has appreciated by 20%.

It is also building the RM20mil Chinese Cultural Centre that would be handed over to the Selangor Government to operate.

It will be a one-stop centre for all things Chinese such as Chinese cuisine, Chinese medical treatment, and Chinese products.

First Subang. This 1.5-acre freehold mixed development in the SS15 commercial centre in Subang Jaya, Selangor, comprises two office towers on top a three-level retail podium.

About 80% of the first tower called the Southern Tower (11 floors) has been sold since its launch a year ago. Those who bought the 500 to 1,270 sq ft units are mainly up-graders.

The second tower called Northern Tower (10 floors) is not opened for sale yet. Both towers are under construction.

E-Tiara (next to Carrefour/Subang Parade) is fully sold and completed. With demand continuing to exceed supply for such quality apartments in the area, rentals are expected to remain firm.

A studio unit priced around RM150,000 is said to fetch RM1,200 rental a month. It is about 70% occupied.

The Tiaraville apartment next to E-Tiara is also sold and would be handed over in May.
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Old January 7th, 2008, 05:26 AM   #179
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Residents say no to telco tower at field



By LIM CHIA YING

THE proposed construction of a telecommunication broadcasting tower at a playing field along USJ 5/3A has upset many residents.

During a visit to the field, earth was seen dug up while a section of it has been cordoned off with hoardings to facilitate construction works.


All dug up: Residents with Loh ( second from left) at the field
A signboard placed at one side of the field states that the project by the Subang Jaya Municipal Council (MPSJ) is for a telecommunication broadcaster measuring 20m in height and also other equipment that act as a radio station broadcaster.

USJ5 residents said they first spotted the signboard on Thursday evening and were shocked to discover about the proposed construction at their small field.

“We are objecting to this construction because it may be emitting unhealthy radioactive waves,” said Datin Rosalind Lee, a resident of USJ 5/3D.

“This field is the smallest in USJ5, measuring less than one acre. Yet we have this construction at a space where the qi gong group exercise every morning while youths play football in the evenings.”

Kelana Jaya MP Loh Seng Kok was present at the site to meet residents about the issue.

He said according to the MPSJ, the tower has dual purpose - firstly, to provide lighting at the field and secondly to cover blind spots for a telecommunication service provider.

Residents said that the field already has lamp posts but that no lights had been provided for the last two years.

“Every night it is dark here and our line dancing group can't have practice sessions at all.

“Why bother to have the tower when we have lamp posts that are not utilised?” asked Lee.

Loh then check as to whether the field indeed has blind spots using his mobile phones under two different service providers - Celcom and Maxis.

Both the phones had full bars, indicating that the lines were in full service and proving that there were no blind spots as claimed by MPSJ.

“What MPSJ told me about blind spots is not convincing enough to justify the need for this tower. We also now know that services are good here.’’

“In fact, five years ago a telecommunication service provider wanted to put up a station here but failed to do so after residents objected to it,” said Loh.

Residents Emily Wong and Linda Cheong also added that the people were not consulted when planning the project.

The group of residents present to meet Loh also reiterated that they do not need the facility at their field.

“The project signboard is also incomplete, as it does not state the date construction work starts and its completion date,” said Loh. “Residents should have been consulted first before anything is built.

“I'll write a letter to the council on this to inform them to stop work and also assess the feelings of residents who have been using this field for many years now,” said Loh.
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Old January 7th, 2008, 05:53 AM   #180
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Nam Fatt lancar butik kediaman mewah di Shah Alam


PEMAJU Hartanah, Nam Fatt Corporation Bhd (Nam Fatt), akan melancarkan butik kediaman mewah dikenali sebagai “Esente” di Kelab Golf Sultan Abdul Aziz Shah (KGSAAS), Shah Alam, September ini.

Projek kediaman kontemporari itu yang merangkumi 13 unit eksklusif termasuk 12 unit kediaman berkembar dan seunit banglo, akan dibangunkan di Zon C di kawasan seluas 240 hektar merangkumi padang golf dan kediaman.

Nam Fatt berkata, [email protected] menawarkan gaya kehidupan lebih kontemporari dan eksklusif dengan pemandangan sekitar yang indah serta aman.



“Esente adalah kediaman yang direka secara pintar, dilengkapi teknologi dan kemudahan lain bagi menepati keperluan dan cita rasa penduduknya,” katanya menerusi kenyataan di Kuala Lumpur.

Esente turut dilengkapi sistem rumah pintar dengan ciri khas seperti automasi kilat, butang kecemasan dan pusat data di setiap bilik kediaman.

Kenyataan itu menambah, sambungan internet turut disediakan di kawasan kediaman terbabit bagi memberi kemudahan kepada penduduk bekerja dari rumah.

“Unit kediaman berkembar direka menerusi penampilan ciri banglo, berikutan adanya kolam menarik yang memisahkan kedua-dua unik antara struktur tunggal,” katanya.

Dalam perkembangan berasingan, Nam Fatt turut menawarkan plot rizab banglo terhad kepada pelanggan yang mahukan sentuhan peribadi bagi projek hartanah terbabit.
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