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Old November 26th, 2009, 02:44 AM   #61
rizalhakim
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Quote:
It will be eight times bigger than KLCC
8times bigger??...
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Old December 1st, 2009, 05:27 AM   #62
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Nasarudin named Kumpulan Jetson chairman


PETALING JAYA: Construction firm Kumpulan Jetson Bhd has appointed the Naza group’s SM Nasarudin SM Nasimuddin and SM Faliq as executive chairman and executive vice-chairman respectively,
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Old December 11th, 2009, 03:26 AM   #63
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and check dis out

Naza TTDI to build iconic tower
By Vasantha Ganesan and Presenna Nambiar
Published: 2009/12/11


The iconic tower on a 25ha site near the proposed Matrade Centre could even be higher than 100 storeys

Naza TTDI Sdn Bhd, property arm of the Naza group, will build an iconic tower on a 25ha site near the proposed Matrade Centre in Kuala Lumpur, but is yet to finalise the height.

Group managing director SM Faliq SM Nasimuddin suggested that the building could even be higher than 100 storeys.

However, much will depend on the amount of investments it can secure.

Buildings of such height could cost up to 50 per cent more than an average high-rise.

SM Faliq was confirming a recent New Straits Times report that it was one of three developments expected to house iconic structures in Kuala Lumpur.

The other developments slotted for the iconic structures are believed to be Permodalan Nasional Bhd's (PNB) 7.2ha project surrounding Stadium Merdeka and Pelaburan Hartanah Bumiputera Bhd's (PHBB) site at Dataran Perdana.

Currently, the country's highest building is the 88-storey Petronas Twin Towers.

"The master plan (for the 25ha area) is yet to be finalised. It should be completed by early next year," SM Faliq said after the launch of Naza Talyya's newly refurbished hotels in Kuala Lumpur yesterday.

"No matter what the height, the structure will be a green building," he added.

The company is expected to hold a press conference on its developments sometime next week.

Four international firms are working on the master plan for the 25ha development near Jalan Kuching, which includes the RM628 million Matrade Centre, deemed to be the largest exhibition and convention centre in in the country.

PNB did not respond to queries sent to its communications team.

However, a source said PNB had managed to secure the approval of Prime Minister Datuk Seri Najib Razak for its proposed iconic development.

Sources said the third site, to be developed by PHBB, was expected to house a 50-storey building although a much taller one had been planned initially.

Meanwhile, news of the proposed iconic structures have triggered a backlash from some property players in the country.

Property tycoon Datuk Tan Chin Nam said building 100-storey office structures could cause a glut in office space and leaving the buildings empty subsequently would mean non-income producing space.

"Why do we need to go for high-rise when we have land? The money could be put to better use," said Tan, patriarch of the Tan family which controls IGB Corp Bhd.

He suggested that a forum or discussion be held before the developers went ahead with such large-scale projects.
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Old December 11th, 2009, 03:46 AM   #64
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Kumpulan Jetson is rumoured to be undertaking the Matrade Centre developments if the shareholders etc approved its diversification of business and that Naza Group inject its property arm into the company.
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Old December 11th, 2009, 04:13 AM   #65
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woah!higher than 100 storey building?thats mind boggling!rizal,pathay,make sure we,SCC forumers,get to be the first to see the rendering!cant wait la.
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Old December 11th, 2009, 04:17 AM   #66
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wow...I hope thay can build 150 storeys building.
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Old December 11th, 2009, 04:20 AM   #67
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i wonder if naza can beat Shanghai Tower,128 floors,632 m high.
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Old December 11th, 2009, 04:26 AM   #68
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a question, where is Dataran Perdana?
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Old December 11th, 2009, 04:28 AM   #69
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Originally Posted by poltak View Post
wow...I hope thay can build 150 storeys building.
150 storeys can reach 700m high...provided each floor is not too low like the sail in s'pore.

the sail in s'pore is 245m high,70 floors...carigali 267m high with only 58 floors.
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Old December 11th, 2009, 04:42 AM   #70
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Quote:
Originally Posted by daijoubu View Post
a question, where is Dataran Perdana?
a huge redevelopment plan behind Jalan Imbi, precisely next to the dirty wet market of Pudu.............
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Old December 11th, 2009, 05:31 AM   #71
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Quote:
Originally Posted by byong_sun View Post
i wonder if naza can beat Shanghai Tower,128 floors,632 m high.
Beat the Ping'an International Finance Centre in ShenZhen better.. Hahaha..
it is 646m, and U/C now....
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Old December 11th, 2009, 05:45 AM   #72
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Beat the Ping'an International Finance Centre in ShenZhen better.. Hahaha..
it is 646m, and U/C now....
what?another super tall in china?hmm...even if we get to beat any of that,i wonder how long will it be before others take over.what important now is that naza n PNB come out with amazing design(not weird like in dubai)the one in bangkok is a good example.one of naza's bulding at platinum park looks like federation tower in russia.hope this time more originality.
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Old December 11th, 2009, 05:52 AM   #73
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Quote:
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a huge redevelopment plan behind Jalan Imbi, precisely next to the dirty wet market of Pudu.............
Personally i think this one is going to be the one to watch its such a big lot
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Old December 11th, 2009, 09:31 AM   #74
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Personally i think this one is going to be the one to watch its such a big lot

Can anyone post the picture of the area for the future development in this forum?
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Old December 11th, 2009, 09:44 AM   #75
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Originally Posted by daijoubu View Post
a question, where is Dataran Perdana?
based on dis website Dataran Perdana is at Jalan Davis
http://zapgroup.com.my/portfolio.php?id=100021
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Old December 13th, 2009, 06:53 AM   #76
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Naza Group is expected to host its most anticipated press conference this coming week in relation to Matrade developments.



Building-for-land deal with a slightly different model
TheStar BizWeek
12 December 2009

ABOUT three weeks ago, Naza TTDI Sdn Bhd surprised the market when it announced it was going to build a RM628mil expo centre for the Government in exchange for 65 acres of state land in Jalan Duta, Kuala Lumpur, in the vicinity of the Malaysia External Trade Development Corp (Matrade).

The total gross development value (GDV) of all the projects on that piece of land comes up to RM15bil. The announcement set tongues wagging among politicians, developers, analysts and property consultants. How did the Naza group land the deal? Did they get the 65 acres for a song? Shouldn’t there be an open tender for the project? Is the timing right, even amid the soft property market?

There are many questions and Naza TTDI group managing director SM Faliq SM Nasimuddin will attempt to answer them when he calls for a press conference, likely to be next week.

The Naza group is headed by Faliq and his brother, SM Nasarudin SM Nasimuddin. They have some very prominent projects, the KLCC Platinum Park being one of them.

They have other developments, residential and commercial, in Ampang, Shah Alam, Kajang and Taman Tun Dr Ismail. The group, however, is best known for its automotive business.

The Government has said that the Naza project is a public-private partnership (PPP). But what exactly constitutes a PPP?

A check on the Internet brings up this example – a PPP is a contract between a public sector authority and a private party where both parties enter into an agreement in which the private party provides public service and assumes substantial financial, technical and operational risks.

A PPP can be between the government and one or more private sector companies, which come together to form a consortium, according to Wikipedia. The consortium may have different functions, but they have one single objective.

In the case of the Naza project, that single objective should be to develop this 65 acres into the form, shape and function that will meet the criteria of the government, with the benefits to be accrued to the community at large.

A PPP takes into consideration the larger community and how a project can benefit them. It is not to the profit of a single entity or company.

Kumar Tharmalingam, chairman of Hall Chadwick Asia Sdn Bhd, says Naza’s building-for-land deal is a PPP, but with a slightly different model.

“The Government is not providing any financial undertaking other than that piece of land. All the expertise and financing is from the private sector,” he says.

“Instead, the Government acts as a facilitator or enabler by giving a list of approvals – from the master plan, to the building approvals to re-zoning.

“Naza will have to find people to develop and build the different components. They will have to sell the place, or find people to occupy all those projects around the convention centre. So in that context, all the Government does is give them planning approvals.”

As Matrade will get the expo centre, the Government will have to maintain it. Kumar says in some ways, the Government is turning away from the old style of doing things.

“It is not giving any guarantees,” he says. He cites the North-South Expressway concession, in which the Government had to provide a guarantee to Projek Lebuhraya Utara-Selatan (PLUS) on traffic volume in return for PLUS taking on the job.

“The Government does not need to guarantee that the buildings on that 65 acres will be filled, or how these buildings will come into existence. That is Naza’s responsibility. So in this sense, we are moving one big step forward,” says Kumar.

On the Government being handed a convention centre, Kumar says that should not be an issue as Matrade can give it to someone else to run and operate.

He does not share the view that such a development may be unnecessary. “There is something about convention centres. People will use it after it is built. The Kuala Lumpur Convention Centre is very popular because it is well located, managed and marketed,” he argues.

He says an important point that most observers have missed thus far is that the components that make up the master plan has to feed the expo centre. “All the components on that 65 acres have to complement the expo centre. So the onus is on Naza,” he adds.

A source, who declined to be named, says it will be a challenge for Naza to make a success of the huge project. “It will have to get the master plan right. If it pulls this one off, it will elevate the group to another level as a developer,” he says.

PPPs exist throughout the world in different forms. In some types of PPPs, the cost of using the service is borne exclusively by the users of the service and not by the taxpayer. A mass transport system is one example. In this case, the user may be a taxpayer also.

In other types of PPPs, the capital investment is borne by the private sector on the strength of a contract with the government to provide agreed services, and the cost of providing the service is borne wholly or in part by the government.

The government contributes to the contract by transferring certain existing assets into the partnership. In this particular case, that government asset would be the 65 acres of state land located behind Matrade.

Because the RM628mil expo centre will be turned over to Matrade on completion, this effectively means Matrade will be going into a new business.
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Old December 13th, 2009, 02:22 PM   #77
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How much is 65 acres of land worth at that part of town ???
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Old December 14th, 2009, 07:33 AM   #78
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Phase 1
1.Expo centre
2.Hotel
3.Shopping mall
4.1 Office Tower (could dis be the 100storey tower??)
construction period - 2010-2014
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Old December 14th, 2009, 08:01 AM   #79
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whats there on phase 2?cant wait for 2014
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Old December 14th, 2009, 08:12 AM   #80
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dari bina 3 x 33 tingkat baik bina 1 x 100 tingkat.- IMO
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