Skyscraper City Forum banner
1 - 20 of 248 Posts

·
Registered
Joined
·
13,453 Posts
Preview of Damansara City:


Super office blocks-condos-hotel and mall


GuocoLand in bid to develop UM land?

As part of the plan, GuocoLand will then own the land in Petaling Jaya and develop it into a commercial and residential township. The proposal is based on a private finance initiative.

A company source said such a development is estimated to have a gross development value of RM10 billion.

If the bid is approved, the development in Petaling Jaya will complement GuocoLand's planned RM1.2 billion Damansara City development project .

The Damansara project is due to be launched this year.
 

·
Registered
Joined
·
13,453 Posts
Discussion Starter · #2 ·
The project haven't launch already got complain...

May 29, 2007 12:39 PM
Millennium Tower Clarifies Damansara City Co Is Not Their Tenant

KUALA LUMPUR, May 29 (Bernama) -- The Millennium Tower management Tuesday clarified that the company involved in the integrated development in Bukit Damansara is not their tenant.

Its building manager, Lawrence Teh, said the public had been coming to the building to locate the company.

He said the Millennium Tower came into the picture when a group of people led by the Bukit Damansara House Owners' Association president, Tan Sri Abdul Aziz Abdul Rahman, held a peaceful protest in front of the building on May 20.

Yesterday Federal Territories Minister Datuk Zulhasnan Rafique said the Bukit Damansara issue would be brought up at the weekly cabinet meeting tomorrow.

On May 20, Abdul Aziz told reporters that the project, which involved the building of high-rise apartments and commercial complex, would only worsen traffic congestion in the residential area.

-- BERNAMA
 

·
Registered
Joined
·
13,453 Posts
Discussion Starter · #3 ·
DAMANSARA CITY

2006 will see the commencement of a 2.2 million square feet integrated freehold development known as Damansara City in upmarket neighbourhood of Damansara Heights. This flagship development will showcase luxury condos, a 5-star boutique hotel, prime office towers and lifestyle mall that incorporate modern and innovative architectural designs and facilities as well as optimizing spatial planning of interior and exterior layouts. Damansara City is set to be an iconic landmark for Damansara Heights.
-Guocoland's Annual Report 2006

DAMANSARA CITY @ Damansara Heights [To be launch in 2007]




:banana
 

·
Registered
Joined
·
13,453 Posts
Discussion Starter · #5 ·
Is this the thing to replace UM?
Nope. This is located at Damansara Heights. My prediction is opposite Menara Millenium. The scale of this project is RM1.2 billion.

Apparently there are plans to replace UM's current site with a development value of RM10 billion!!!
 

·
Registered
Joined
·
91 Posts
prolly opposite menara millennium, pusat bandar damansara and help institute. i saw them cleared the area already when i was home last january. guess they had already started. believe me, the area is huge.
 

·
Bushido
Joined
·
1,283 Posts
Another good reason for the new Damansara-Cheras Line to pass by and actually have a stop in that area. Hopefully, the planner could see this...
 

·
Registered
Joined
·
13,453 Posts
Discussion Starter · #13 ·
Who is the architect for Damansara city?
The P&T Group, formerly known as Palmer and Turner Hong Kong is the oldest and largest international architectural engineering practice in South East Asia. The group now has nearly 950 staff and works from 10 offices situated in Hong Kong, Macau, Singapore, Taiwan, Thailand, Malaysia, Indonesia, China, and United Arabs of Emirates.
 

·
North Borneo Is My Home
Joined
·
722 Posts
:D wow ! I like the design....who is the Architect. cheers
 

·
Mi I.Ali - Loca Stoopa
Joined
·
1,568 Posts
:banana: Massive and elegant... a gorgeous addition to KL's suburban skyline ;)
 

·
Penang Skyscrapers Hunter
Joined
·
10,127 Posts
wow!! nice development!

the curvey layout reminds me of Toronto city hall. while the building with the fin on top reminds me of a bank building in Buenos Aires :D
 

·
One Malaysia
Joined
·
3,031 Posts
Damansara Heights' exclusivity

By Abraham Jacob and Lalitha Anandarajah
Email us your feedback at [email protected]

Damansara Heights prides itself as one of the most exclusive neighbourhoods in the Klang Valley. Starting as a residential scheme for government servants more than two decades ago, the address has evolved into a popular choice for expatriates. Besides this, almost all major financial institutions are represented in this limited commercial enclave which now hosts colleges, large multinational corporations, restaurants, regulatory bodies and government departments. To be precise, Jalan Semantan, Jalan Dungun, Jalan Damanlela and Medan Setia are the main corridors with commercial developments
Over the years, the strategically located Damansara Heights has emerged as a favourable alternative to the congested Golden Triangle in KL where rents and land values are higher. The first office building that came up in Damansara Heights was Wisma Damansara, built in 1970 by Selangor Properties. This was followed by Damansara Office Complex on Jalan Dungun, which at the time also housed the local stock exchange.
There are about 25 purpose-built office buildings within the Damansara Heights Commercial enclave, contributing some five million sq ft of lettable office space. Rentals here are about 25% cheaper than that in the city — for example in KL City Centre with the exception of Grade A buildings like Petronas Twin Towers, Menara Maxis, Menara Citibank, Menara Dion and Menara IMC, rent averages at RM5 psf against RM3.50 psf in Damansara Heights. The crème de la crème of Petronas Twin Towers commands RM9 psf while Menara Milenium in Damansara Heights fetches RM5.50 psf.
The Damansara Heights landscape is improving and demand heating up — as evidenced by the 100% occupancy in 70% of the buildings. The net take-up in 2006 was 71,000 sq ft.
The housing facility availability in the area is another draw. The lists of A-grade tenants relocating here is growing, due possibly to the easier traffic flow (helped by the upgrading of the Sprint Highway), competitive rentals and accessibility between KL, Petaling Jaya and other suburbs. Fortune 500 firms such as Caltex, Hewlett-Packard, Siemens, Ogilvy and Shell all have their operational bases in Damansara Heights.
The office market in the Klang Valley totals 70 million sq ft and this is dominated by city-located projects (65%), Damansara Heights (7.5%), Bangsar/Pantai (6.4%), Petaling Jaya (9.5%) and others. Based on government-sourced data, Damansara Heights will see another 500,000 sq ft in the near future. These will be Grade A and B buildings and with demand tightening in the area, we see the additional space being absorbed quite easily.
Damansara Heights is limited by its small size of developable commercial land and redevelopment is therefore on the cards. The trend is already evident in the demolishing of Wisma Socfin on Jalan Semantan for the construction of UOA II Damansara. Several buildings nearby have also been slated for redevelopment. Increasing efficiency of newer buildings and more modern designs are the driving forces behind this trend. There are now redevelopment plans for some office buildings in the area, such as Banguan SPPK and Wisma Damansara. Wsma Beringin is undergoing refurbishment.
The future looks interesting for the office market within decentralised areas, trying to lure tenants from traditional favourites into established suburbs. Does this mean an exodus from the city centre into suburbia? In our opinion, is a resounding "no".
KL city will always house MNC tenants and those dependent on the former. Major hotels and amenities are also city centered, thus complementing the chain of supply. Major organisations will wish to stay in KL city for branding purposes.
Fringing the city are less traditional commercial areas such as PJ/Mutiara Damansara Perdana/Kota Damansara/Shah Alam. The success of these infant projects will depend heavily on the expansion of road networks/LRT lines and more dependable forms of public transportation. Large tracts of land, procured at cheaper prices, however, will give developers in these secondary areas more flexibility in pricing.
Professional building management will also be one of the main determining factors in the performance of office buildings in the future. Some companies are willing to consider less traditional locations in return for professionally managed buildings. This is the case for IBM and KPMG, which exchanged a Kuala Lumpur address for a superb office building in a Bandar Utama suburb called 8 First Avenue, with truly professional in-house property management. The advent of outsourced facilities management takes the burden of managing and maintaining office premises away, thus reducing focus on non-core issues.
What is clear is that tenants will be spoilt for choice. Damansara Heights and other suburbs will offer themselves as more cost-efficient alternatives to the congested and more pricey KL City Centre. However, the former will also, eventually, run out of space as well.
 
1 - 20 of 248 Posts
Top