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Discussion Starter · #1 ·
:eek2: :banana::banana::banana::banana::banana::banana::banana:

KFHMB plans to build Malaysia’s tallest building
by Ellina Badri
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KUALA LUMPUR: Kuwait Finance House (Malaysia) Bhd (KFHMB) is teaming up with a local bank to jointly develop the country’s tallest building that will overtake the Petronas Twin Towers.

Its managing director, Datuk K Salman Younis said it would be “a high-end real estate project that will stand taller than the Petronas Twin Towers”.

Speaking to The Edge Financial Daily, he said the JV with the property arm of a local bank had just been approved yesterday, and work on the project would begin next year

Declining to elaborate further on the project, Salman could only say that further announcements on the project would be made soon.

On KFHMB, he said the Islamic banking group planned to open two or three new branches in the Iskandar Development Region (IDR) and Taman Molek in Johor early next year.

Speaking to reporters after hosting a media tutorial on Islamic banking and finance here yesterday, Salman said KFHMB also planned to open branches in Penang and Kuching within three months and to start its marketing efforts in Sabah early next year.

“KFH already has some customers in Sandakan. We plan to build our presence in Sabah,” he said. KFHMB, the first foreign Islamic bank to be licensed by the Ministry of Finance, currently operates two branches in Kuala Lumpur and one in Shah Alam.

In August, KFHMB announced it would jointly develop a 902.4ha land in the IDR with Mubadala Development Co and Millennium Development International Co for RM4.2 billion. This will involve the building of three clusters, namely a lifestyle and leisure cluster, a cultural cluster and a financial district in the IDR’s first integrated international city.

Last week KFHMB had said it would jointly team up with local real estate investor Prestige Scale Sdn Bhd to fund the RM577 million Glomac Tower project in Kuala Lumpur.

Salman had said both companies would be involved in the on-block purchase of the 36-storey class A commercial office block. The project is to start soon and is expected to be completed within two-and-a-half years.

Meanwhile, it was also reported that the Islamic bank was in discussions with investors from Australia, China, Indonesia, Singapore and the Middle East to jointly develop its 252.5ha land in Bandar Nusajaya, near the Johor State New Administrative Centre project in the IDR.

1,373 Posts
Discussion Starter · #3 · (Edited)
n the height.. oh coz la between 452m and 818m :cheers: :cheers:

so KFH jv with our local bank.. bank ape ye ?

1,373 Posts
Discussion Starter · #7 ·
izit posible ??

World renowned architect sasses out Malaysia for a major project
Saturday November 10, 2007

OVER the week, some of Malaysia's most prominent corporate movers and shakers were treated to the magnificent view of the Burj in Dubai – a tower building, which at 2,313 ft over reaches any other tower in the world, with a stunning swirl silhouette and shape inspired by the desert flowers that often appear as patterns in Islamic structures.

The three-hour presentation and tour by the project's main developer of the “sky-breaking tower” must have been awe-inspiring. In fact, already, the Burj, as it stands today in its incomplete form (expected year of completion is 2009), is the tallest building in the planet and is said to be going for a whopping RM11,000 per sq feet onwards.

“I was highly impressed,” says one businessman, who was part of a delegation led by the Kuala Lumpur Business Club for a business mission to the United Arab Emirates. Puns aside, it's hard not to be impressed with one of the world's most magnificent structures born from the union of form and function – that which drives and inspires the world of architecture.

Mustafa Kemal Abadan, design partner in world-famous architect firm New York-based Skidmore, Owings and Merrill (SOM) which designed the Burj, bridged the gap between the stunning innovation and Malaysia recently with his visit to Kuala Lumpur.

Mustafa: Malaysia is a vibrant city and I am delighted to be part of it

That he was here in KL is fodder for imagination and speculation; it is believed that he is undertaking to design a unique structure in one of the city's hotspots. In an interview with BizWeek however, Mustafa is careful not to divulge any details on the project but lends his views on Malaysia's landscape and structures from his observation following an intensive two day-visit.

Mustafa himself may need no introduction, for his is a name that has long found a star spot in the world's most established and well regarded architect circles, with a career spanning two decades and many continents. His signature projects include the Time Warner Centre in New York, the AIG Tower in Hong Kong, Lotte Super Tower in Seoul, South Korea and Bridging the Rift Centre in Jordan.

Mustafa joined SOM New York in 1983 and became a design partner in 1996. In terms of trade volume, SOM is one of the top three architectural firms in the world and has been involved with a “staggering number of important buildings” and has received over 800 design awards from its 10,000 jobs all over the world.

Its show stopping structures include Chicago's 110-story Sears tower (this building held the accolade as the world's tallest building until Malaysia's Petronas Twin Towers took the honour), China's Pearl River Tower (ongoing) which promises to be the world's greenest skyscraper and the 7 World Trade Centre in New York. Last year, the firm celebrated its 70th anniversary.

“Malaysia is a vibrant city and I am delighted to be part of it,” he says. Mustafa's work requires him to tap the sensitivities and cultural context of a country and location in making architecture to ensure that it possesses its own unique social and physical relevance. As such and understandably so, his short visit to KL was packed with visits to key spots such as museums and the Putrajaya administrative centre among many others.

Mustafa says he tries to avoid having preconceived notions when visiting a country for the first time. His recent trip, incidentally, happens to be his first to Malaysia.

“Malaysia is a mixture of many. It is vibrant. Probably the most interesting part is the active life. This is what differentiates it from Singapore which has a sort of uniformity.”

He is surprised to have discovered Malaysia's topography: “I didn't expect Malaysia to have mountains.”

“In Seoul for instance, there are strong mountains. This is an important aspect of a city, and I was enthused by this place. I was born in Turkey, so water, topography and history are major components of what constitutes a city,” he adds.

Mustafa points out that Malaysia's skyline is not dominated by a single force; in fact, it is “multi-centred”. For instance, there is one centre in KLCC, and another in KL Sentral.

“I would say Malaysia feels more real. There is a greater vibrancy that I can sense in the city. The context of the city is more differentiated. In Singapore, the concentration is going downtown. It is more controlled and planned,” he says.

He adds that his real-life view of the much talked about Kuala Lumpur twin towers was rather surprising as it veered somewhat from his impression of it prior to this visit: “I actually had a preconceived notion that the twin towers would be more free standing than it actually was. I thought it was standalone, and that I would only see it once I got into the park. But there were lots of built areas around it and the place was bustling.”

He adds that the twin towers was a bold and strong statement and an important point in history as it put Malaysia on the map.

“I think it would be good for Malaysia to add more towers. This could bring more positive development over time, gravitating living conditions to these centres,” he says.

A project by SOM New York – the Time Warner Centre in New York

Scaling heights

Robust economic changes result in more widespread urbanisation as the city expands. In fact, towers are largely deemed as economic necessities that accompany growth where land is also scarce. Rapid development, more often than not, boosts the population on the back of rising migration into the city. This presents itself with a different set of infrastructure requirements, which need to be addressed as quickly and efficiently as possible, says Mustafa.

He adds that there is now a move to build homes where people can live and work in an integrated way. The reliance on cars is gradually becoming less sustainable. Nonetheless, he adds that this does not encourage architectural growth as the demand is for functional houses.

“The quest for better architecture comes when the economy settles down. It is happening in China. At the moment, the type of projects that can elevate architecture are still in the minority,” he says.

Mustafa says that urban issues are hard to solve. Almost all cities in emerging markets are struggling to reorder themselves in terms of traffic, safety and cost and environment.

Cities with stronger governmental structure have an advantage in planning, as it can override the city council's decision for the betterment of the economy.

“There are advantages and disadvantages of a city being controlled. In very highly developed countries, there is much more regulation. This confines the city within certain parameters. New York for example is a very regulated city hence there is a need to think about maximising space,” he says.

Mustafa feels that cities that try to create an identity for itself benefit in the long run as people may generally have similar needs but there are regional, cultural and social differences.

“In the late 80s and 90s, because of the post modernisation push, classical buildings sprung up all over the world, but these buildings had no roots. They had no links to history or culture. It was pure aesthetics! To me, this is useless.”

Mustafa says that there should be a perfect balance between form and function. An important element which needs to be paid due attention in the designing process is the location.

“I am interested in where the building is built. What can be around it, and what cannot. The orientation of the building, where and what it faces. We want to anchor the architecture to the sociology of the place. We want to create a context to where there is uniqueness to the place.”

“That is why two buildings in two countries will be designed in completely different ways. Rules change for each country. The form that makes the building will create the context of that area,” says Mustafa.

Towers as symbols

Post 9/11, it was generally perceived that the fascination over towers, given their security risk, would have fizzled somewhat.

Contrary to expectations however, Mustafa says there are in fact more skyscrapers on the drawing boards.

“9/11 was a blip in how people viewed towers. People need to separate the issue of 9/11, especially when looking at a tower in a dense city. Cities can't just expand horizontally. People who stay a far distance from the city have to drive to work. You need to address this need,” he says.

Mustafa adds that a city is better off when there is greater density. And contrary to popular belief, towers aren't just for abstract purposes.

It feeds the need for greater density. As the city expands, the only way for these buildings is to go up. “The taller the building, the higher the cost. Buildings that go beyond 20-30 storey have specific reasons. It is built because of symbolic reasons. For instance, the KLCC allows Malaysia to stand out and make its own statement,” says Mustafa.

In the US, the Freedom Tower, which is the replacement of the World Trade Centre following the terrorist attacks on Sept 11, 2001, is more of a symbol of inspiration and an enduring beacon of the New York City skyline rather than anything else.

The Freedom Tower will soar 1,776 ft into the sky and is designed with the classic touch of typical New York skyscrapers while also taking reference from the torch of the Statue of Liberty. The tower is designed by architect David Childs of SOM.

“Super tall towers are on the rise. I am surprised by how many tall buildings are being built. There's going to be a limit to it. One can even built up to 1,000m, which is going to be twice the height of KLCC, but this comes at a great cost,” he says.

For instance, the Burj Dubai, which is going to be the tallest tower in the world is a symbol of Dubai's central role in the global market. It is an icon of the new Middle East – successful, dynamic and prosperous.

“In Dubai, there is little land available. But wealth in the population needs to find an outlet.

“In the end, it always comes down to economics,” he says.

12,998 Posts
n the height.. oh coz la between 452m and 818m :cheers: :cheers:

so KFH jv with our local bank.. bank ape ye ?
maybank...ha ha :D

i'll do some research on this and hopefully can find more info somewhere...

my GUESS is in KL and Maybank or CIMB is the local bank

I would have guessed KL because foreign companies are more savvy than to build something this tall in the middle of nowhere.

However it did mentioned that it would be a JV with the 'property arm of a local bank'. The only bank that I could think of that have a strong 'property arm' is Hong Leong which property arm under the 'guoco' brand have presence in a lot of countries. And Hong Leong are also in business with KFH on the Oval Suites.

So take is Hong Leong :yes:

Celebrity Fitness
1,542 Posts
me prefer they build this tower in SJER or NCER to boast more standard,too many sentimental value lah our PTT.kinda sad to see other building taller than them in KL imo. :)

12,374 Posts
I would not mind at all since almost every decade there will be new tallest building in Malaysia just like Komtar in the 80's, then the Maybank, then now the PTT...

As long it could enhance the skyline (if it is built in KL) and iconic looking, it would just add into our country list of iconic skyscraper design, i think great for tourism, the important thing of our skyscraper is that it should be distinctive regardless of height...

13,990 Posts
This is my wild guess, they probably wanted to put Damansara or PJ in world map? PJ is booming. The contruction site will probably be located at current UM area with Damansaray City from P&T / GuocoLand? Read in Damansara City forum there that those projects could cost 10bils? Should start to invest in Damansara/PJ area now perhaps...
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