SkyscraperCity Forum banner
1 - 20 of 27 Posts

107,226 Posts
Discussion Starter · #1 · (Edited)

'Expo city' will make Iskandar trading hub
By Ahmad Fairuz Othman
Published: 2009/05/23

Asia Pacific Trade and Expo City (APTEC)

ISKANDAR Malaysia in Johor is set to become a major trading hub in the region for manufacturers and buyers once a permanent one-stop exposition, trade and distribution centre near Pasir Gudang is completed in five to seven years.

Called the "Asia Pacific Trade and Expo City" (APTEC), it is located within the RM6.6 billion township of Lakehill Resort City, which is being developed by Malaysia Pacific Corp Bhd (MPCB).

Once completed, APTEC will have a built-up gross floor area of about 4 million sq ft, occupying a land area of 9.4ha.

MPCB president and chief executive officer Datuk Bill Ch'ng said APTEC would become a centre for manufacturers of all sizes to showcase their products to international buyers.

"Buyers will come to the hub just like in a department store. These buyers will be retailers and wholesalers.

"The hub will be the centre to supply goods for the regional market, and allow buyers from all over the world to source their products here," said Ch'ng after attending the launch of the Iskandar Malaysia Open Day in Johor yesterday.

Manufacturers who set up their base in APTEC will promote their products to buyers from Southeast Asia, India, Japan, South Korea, Taiwan and the Middle East.

Ch'ng said potential manufacturers at APTEC would be selected based on the potential of their products or services.

They include manufacturers of goods such as electronics, fashion, home appliances and foodstuff.

Investors and traders will also find accommodation and recreation at the Lakehill Resort City to complement their business dealings.

Other attractions in the development include a six-star lakeside resort, factory outlet stores, a heritage and cultural village, a thematic restaurant located on top of a rock formation and other international bistros and cafes.

107,226 Posts
Discussion Starter · #2 · (Edited)
Turnaround guru takes helm at MPC
Stories By S.C. CHEAH, TheStar

MALAYSIA Pacific Corp Bhd (MPC) is poised for exciting times now that “turnaround guru” Bill Ch'ng is helming the public-listed company.

Ch'ng, who is MPC chief executive officer, is the man behind the RM6bil Lakehill Resort City, near Pasir Gudang in Johor. This ambitious 484-acre freehold development, part of MPC's 905-acre Nusa Damai, is within Iskandar Malaysia and would have more than 60,000 people when completed in eight years.

“This piece of land was approved for medium low-cost housing and the original intention was to cut the hill and fill the lake. I have instead retained the hill and lake and changed the whole concept. I have also increased the number of mixed units from 8,000 to 12,000 commercial and housing units,” Ch'ng told StarBiz at the CityscapeAsia 2008 in Singapore recently.

Ch'ng said he had introduced some new concepts, one of which was to turn the area around a lake into a one-stop tourism hub complete with pavilions where each state's unique arts and crafts could be exhibited and visitors could also savour the various types of cuisines offered in Malaysia.

Visitors and residents could also ride 13 types of gondolas, each symbolising the 13 states' cultures in Malaysia, and they would be steered by local costumed boys.

The resort township will not only have bungalows, court-linked houses, terrace and town houses, apartments and serviced condominiums but also a host of other unique features such as a food and entertainment area known as Nusa Paradis and even a medical and healthcare specialist centre.

However, the main attraction is the Asia-Pacific Trade & Expo City (APTEC) with a planned four million sq ft built-up area on 23.5 acres. APTEC will have a permanent global “show city” of wholesale consumer products, shopping mall, a three-star hotel, office suites and two serviced apartments. It will offer business networking, family outing, merchandising, shopping and a variety of entertainment experiences.

Off-season and overrun products can be taken to the adjacent Cowboy-themed “The Factory Outlet” to be sold at a discount. “It will be the biggest factory outlet in the region where people can shop for off-season branded goods at a lower price. They can save on VAT (value added tax) here.”

Ch'ng believes that the RM1.5bil APTEC could be a catalyst for the future growth of Johor and Singapore and the Iskandar Malaysia and Singapore synergy would mirror the success of the Shenzhen-Hong Kong strategic partnership.

When he visited Shenzhen in 1984, it was a mere fishing village with a population of less than 100,000 but today it has some 12 million people and is one of the fastest growing cities in China.

“We've a neighbour (Singapore) that is rich and willing to invest here. However, how come our neighbour, which knows us so well, is not investing (much). It does not jive,” he said, adding that Malaysian companies should invest in Malaysia and not “run away.”

In order to attract investors, there must be more incentives properly packaged to woo them, he said. “It is important that we must also look at the investment models of other countries and try to do better than them,” he said, adding that state governments being the biggest land owners should unlock the value of their land.

Ch'ng envisaged that tourists to Singapore would stop over at Lakehill Resort City to enjoy its many amenities, including doing business at APTEC.

Besides helping to source for products and services initially from China, India and Asean countries, APTEC could also enable local traders to showcase their products and distribute them. Imported goods can be stored at the warehouses in the Pasir Gudang Free Trade Zone.

“We want to help the SMEs (small and medium-sized enterprises) and create a new breed of entrepreneurs. We will have a training school to conduct a variety of courses,” he added.

107,226 Posts
Discussion Starter · #3 ·
MPC focuses on action in Johor’s IDR

PETALING JAYA: Main-Board listed Malaysia Pacific Corp (MPC) will focus fully on Johor’s Iskandar Development Region (IDR), where it has several exciting projects in the pipeline.

MPC president and CEO Bill CP Ch’ng said the projects include a massive, four million sq ft permanent exhibition site named Asia Pacific Trade and Expo City (Aptec), 200 units of bungalows and 281 units of shop houses.

“Aptec is to be launched by the middle of next year after we enlist a strategic partner for the project, on a 25-acre site in Lake Hill City, Nusa Damai, some 30 km away from the city centre,” said Ch’ng.

“Aptec will become the main catalyst for growth in Nusa Damai and complement the government’s vision for IDR,” he said.

“Once completed, Aptec will also feature a shopping mall, a hotel and a high-rise condominium project, making it a one-stop centre for the business community, especially for those from abroad,” he added.

According to Ch’ng, Aptec was conceptualised following the huge demand for China-made products, and besides opening up for wholesalers and traders from China, Aptec will also feature products from India and the Asia Pacific region.

Ch’ng said MPC had put on hold all development plans in the Klang Valley to concentrate fully on Johor’s IDR.

Among the plans on hold include the Red Sails theme restaurant and entertainment complex abutting Wisma MPL along Jalan Raja Chulan. Ch’ng revealed that MPC hopes to sell Wisma MPL for at least RM250 million and use the proceeds for its Johor projects.

“We will concentrate fully on Johor where we have a land bank of 600 acres, loosely translating into a gross development value (GDV) of RM6 billion over the next 10 years,” said Ch’ng.

Ch’ng said that MPC’s project in Taman Nusa Damai would remain a medium-cost housing development while Lake Hill City is for mixed-development projects. Some 300 acres have been utilised to construct some 2,000 low- and medium-low cost houses.

“We are also planning to launch a heritage village with amphitheatre for cultural shows and a purpose-built shopping centre catering for tourist from the Asia Pacific region,” said Ch’ng.

MPC recorded a pre-tax profit of RM18.23 million for the year ended 30 June 2007.

107,226 Posts
Discussion Starter · #4 ·
Big show by Johor builders at Singapore expo
Property Talk By S.C. CHEAH, TheStar

THE Cityscape Asia 2008 held at the Suntec City convention centre in Singapore saw the “big boys” in Johor making their presence felt at the international property investment and development exhibition from April 15 to 17.

They included the 1,840-acre Danga Bay integrated waterfront project, Mulpha's 1,765-acre Leisure Farm Resort, Bandar Raya Developments Bhd's 1,400-acre Permas Jaya, Country View Group's 1,100-acre Taman Universiti and UEM Land's Bandar Nusajaya, the key driver of Iskandar Malaysia.

SP Setia, with several successful projects in Johor, was also there to exhibit among others, its latest project, the Setia EcoCity, the premier commercial and business hub in Bandar Nusajaya, the gateway into Iskandar Malaysia.

They all took up large booths.

However, a new development that stole the show was Malaysia Pacific Corp Bhd's (MPC) Lakehill Resort City near Pasir Gudang in Iskandar Malaysia.

Many curious visitors, including foreigners, were seen crowding around the large model of Lakehill Resort City.

MPC staff had their hands full briefing the visitors on this 484-acre resort township, which is part of MPC's 905-acre freehold Nusa Damai, at the eastern zone of Iskandar Malaysia – a 2,217 sq km special economic zone covering the logistic triangle of Senai Airport (north), Tanjung Pelepas Port (south west) and Johor Port in Pasir Gudang (south east).

Developed by Lakehill Resort Development Sdn Bhd, an MPC subsidiary, it will take about eight years to complete and will have a gross development value of about RM6bil.

What sets this project apart from the rest is that instead of merely selling houses, MPC is trying to make Lakehill Resort City a trading, distribution, entertainment, shopping and tourism hub that would bring in lots of investors to Iskandar Malaysia and boost trade and economic activities for Johor and the country.

The centrepiece is the Asia Pacific Trade & Expo City (APTEC) where MPC will help manage, among other things, the sourcing and distribution of goods from around the region, particularly from China, India and Asean countries.

Critics may view it as putting too many “goodies” on a single plate, but MPC chief executive officer Bill Ch'ng, with his vast experience as a “turnaround wizard”, political and business contacts in China and Hong Kong, is confident that his vision of creating another “Shenzhen-Hong Kong” economic miracle in Malaysia would be a reality.

Ch'ng is a visionary and he is going to bring much excitement to the Johor property market with his innovative concepts and designs. For example, he is creating a kind of timeshared living by having a four-villa cluster sharing a swimming pool in the centre. It would be ideal for extended/large families, each owning a villa or for company use.

Besides APTEC, the resort township will also have the following components:

Heritage and Cultural Village: It will be a one-stop tourism hub, where 13 pavilions will exhibit the unique arts, crafts and various types of cuisines offered in each state in Malaysia. There will be alfresco international dining along the waterfront restaurants, bistros and cafes. Diners will be treated to weekly musical fountain shows at the Emerald Lake. A special attraction will be 13 traditionally handcrafted Malaysian-styled gondolas, each representing the 13 states' cultures.

Lakehill Regency Lake: This enclave will have the 6-star Lakehill All-Suites Resort & Convention Hotel, Lakehill Medical & Healthcare Specialist Centre, Lakehill Platinum Residences, Lakehill Power Resort Club and Lakehill Golf Village.

The resort club's membership will be open to buyers of Lakehill Resort City homes and by invitation only. It will have a fine dining club with a large spa and rejuvenation centre.

The Platinum Residences will be a luxury retirement home with 24-hour room service and nursing care upon request and will be manned by a team of doctors and nurses.

There will be some putting greens and driving range for private practice. It will complement the existing 54-hole Tanjung Puteri Golf Course and the 18-hole Octville Golf & Country Club, just 20 minutes away.

Nusa Paradis: This will be the lifestyle entertainment centre showcasing international restaurants, amusement park, dance clubs, karaoke and quaint shopping outlets. It is designed to be a vehicle free zone and hand-drawn rickshaws and trishaw rides will be offered to visitors. The theme is comparable to Universal Studios.

Factory Outlet: Visitors can view thematic buildings in this “cowboy town” and drop in at the sheriff's office and enjoy stagecoach rides. It will be a shoppers' “paradise” as branded goods will be sold at discounted price. Off-season fashion products and electronics goods from APTEC will also be sold here.

Real Rock Cafe: This is another “happening place” where the young as well as young at heart can meet over a cup of cappuccino while enjoying the view below from a five-storey, three-acre rock formation. Visitors can take a bubble lift or climb a rocky pathway passing by a man-made waterfall.

Lakehill Commercial Training Centre: It will be the first of its kind in Malaysia where specialised courses in tourism, hotel management, food and beverage services, business management, retail, health and beauty therapy and other vocational training will be conducted and serve as a source for special skilled workforce for the Lakehill Resort City's staffing needs.

107,226 Posts
Discussion Starter · #5 ·
Malaysian Pacific Corp banks on LakeHill Resort

PETALING JAYA: It was all quiet on the central front for property-based Malaysian Pacific Corp Bhd (MP Corp) due to a delay in the sale of its Wisma MPL in Kuala Lumpur.

The delay was due to its strategy for a partial sale with a view for joint development of a tower block rather than an outright sale of the entire property.

Such a joint venture was in the best interest of the company and its shareholders, as management worked towards obtaining a better price and terms, the company said in its latest results announcement.

There is, in addition, a southern front in the group’s development strategy. It has about 500 acres of freehold land near Pasir Gudang in Johor that is master-planned for its proposed LakeHill Resort township.

That may sound like just another township but one of its components is the proposed Asia Pacific Trade and Expo City (Aptec). This will be developed as a wholesale trade and distribution hub, with proposed participation from merchants and manufacturers from China, India and other countries in Asean.

The Federal Government is understood to be interested in supporting and participating in the LakeHill project. Hence, one of its agencies is expected to sign for a stake in the project next week.

With the Government as a partner, development of the whole project, including Aptec, should be facilitated.

The concept for Aptec is that products from the region will be brought to one location for the convenience of buyers instead of them having to fly to each country to view the products.

In addition, the whole project is within the Iskandar Malaysia area in Johor which the Government is keen to develop. MP Corp is applying for Iskandar development region status for the LakeHill project so that companies operating there will qualify for tax incentives.

Industry sources said it was also planned that a foreign party, expected to be China-based, would take a stake in the LakeHill project.

Equity participation by both the Government and, in particular, the Chinese party, was envisaged to erase or reduce the bulk of the bank borrowings of the MP Corp group.

The group had borrowings of RM178mil against an investment property valued at RM225mil and land held for development of RM139mil. The group’s shareholders funds totalled over RM200mil at end-March.

Finance costs amounted to RM11.4mil in the nine months to March 31, 2008, and the group is working towards the right direction to reduce or eliminate that.

MP Corp is led by Datuk Bill Ch’ng, an architect who became a developer and businessman many years ago.

107,226 Posts
Discussion Starter · #6 · (Edited)
MP Corp set to launch projects at Iskandar M’sia
by Fong Min Hun, 30 Sep 2008 11:36 AM

KUALA LUMPUR: Malaysia Pacific Corporation Bhd is poised to launch its proposed resort, and trade and expo city in Iskandar Malaysia by year-end after obtaining its shareholders’ approval to proceed with a joint venture (JV) with AmanahRaya Development Sdn Bhd (ADSB).

The JV, which will be undertaken by MP Corp’s subsidiary, Oriental Pearl City Properties Sdn Bhd, is expected to be launched in the final quarter of 2008. The resort, and trade and expo city projects hold an estimated gross development value totalling RM6.6 billion.

MP Corp president and chief executive officer Datuk Bill Ch’ng said while China and India had both expressed interest in participating in the projects, other countries were similarly excited by the idea.

“In a recent iProperty expo, we were asked by the Koreans and Japanese whether they could also participate. We said yes; it’s not confined to specific countries,” he told reporters after MP Corp’s EGM here yesterday, in which its shareholders approved the proposed JV with ADSB to undertake the projects.

LakeHill Resort Development Sdn Bhd will be the special purpose vehicle handling the entire development. ADSB has said it would invest RM99 million to secure 22% of the profit shares of the project while MP Corp will own the other 78% via Oriental.

However, MP Corp is retaining the right to sell up to a maximum 49% of Oriental to other partners. The management of LakeHill Resort Development would be run on a 50:50 JV basis in overseeing the development.

In addition to the trade sector, MP Corp is also planning on targeting the tourism business through the development of LakeHill Resort. The plan for the resort city includes a six-star hotel, luxury retirement residences and a commercial entertainment core.

Ch’ng said the plan was to establish a resort town and a trade-expo city in the Eastgate Zone of Iskandar Malaysia, which is an already populated area, to take advantage of its geographical location as well as its easy access to infrastructure.

MP Corp has a stake in the development region, having developed almost 300 acres of its 905-acre holding there. Its remaining land bank of about 638 acres have been slated for the proposed trade and expo hub, which will cost an estimated RM4.2 billion over eight years.

Ch’ng said the biggest chunk of the cost would involve the construction of the Asia Pacific Trade Expo City (APTEC) to the tune of about RM1.8 billion.

“The centrepiece of this whole development is APTEC, which comprises four million square feet. It’s huge but we are dividing it into three halls, the largest hall of which China has stated it is very keen to participate in,” Ch’ng said.

APTEC’s role, Ch’ng said, was to function as an exchange centre where traders, merchandisers, manufacturers and suppliers could get together, cutting out the middle men. It would be used as a showcase for various products as well as a forum for the exchange and distribution of ideas and services.

There was also talk of reserving a hall for Asean nations as well as setting up a halal centre in APTEC. As far as the latter was concerned, Ch’ng said it was another example of taking advantage of what Malaysia had to offer by facilitating the exchange of goods between Asian suppliers and Middle Eastern purchasers.

107,226 Posts
Discussion Starter · #9 · (Edited)
Asia Pacific Trade and Expo City (APTEC)

Asia Pacific Trade and Expo City (APTEC), it is located within the RM6.6 billion township of Lakehill Resort City and distribution centre near Pasir Gudang, which is being developed by Malaysia Pacific Corp Bhd (MPCB).

Asia’s biggest trade & distribution centre with 5 integrated components. This will feature an iconic development targeting trade & tourism activities as Asia’s product sourcing and distribution hub.
- Trade & expo centre
- 3 star business hotel
- Service apartments
- Office towers
- Retail mall

107,226 Posts
Discussion Starter · #12 ·
Building an iconic expo city
Saturday October 10, 2009 By TEE LIN SAY

“It will be a truly integrated city attracting all types of people and
nationalities that will have something to interest each one of them.
The city will create a huge influx of tourists,” says Ch’ng.

THROUGH much of this year, Malaysia Pacific Corp Bhd chief executive Datuk Bill Ch’ng’s business compass has been focused on the iconic Asia Pacific Trade & Expo City (APTEC) – the centre-piece of the company’s project in Iskandar Development.

Ch’ng wants to turn the RM1.6bil APTEC into Asia’s biggest trade and distribution hub with hotels, service apartments, office towers, retail malls, international entertainment city, factory outlets, Malaysia cultural heritage village, and other tourist attractions.

“It will be a truly integrated city attracting all types of people and nationalities that will have something to interest each one of them. The city will create a huge influx of tourists,” says Ch’ng.

APTEC’s other unique component is LakeHill Resort City, a mixed-zone development comprising residential, commercial and tourism attractions.

This is located at Iskandar’s Eastgate Development Zone.

Once completed, both developments will have a combined gross developmental value of RM6.6bil.

“All the 22 parcels of land in the LakeHill Resort City, totalling 638 acres, are unencumbered. The 2008 valuation of the land is at RM450mil, but this will increase once the development starts,” says Ch’ng in an interview with StarBizWeek.

Some of the parcels of land, he points out, have been earmarked for joint venture (JV) purposes.

“Cash from these JVs will provide immediate profits to pay future dividends and cash for funding,” he says.

Interestingly, MP Corp is the only non government-linked company currently involved in the development of the massive Iskandar Regional Development Authority (IRDA).

The masterplan has already been approved and MP Corp has started on infrastructures and civil works and is seeking approval for each of the 22 parcels within the development.

MP Corp’s sole partner in the IDR projects – APTEC and LakeHill – is AmanahRaya Development Sdn Bhd, a subsidiary of AmanahRaya Bhd.

AmanahRaya, wholly owned by the Minister of Finance Inc, has a 22% interest in the joint venture.

Renowned architect

Ch’ng, 70, was the original architect who master-minded the proposed Genting Highland Casino Hill Resort between 1965 and 1972 which encompassed a ‘casino’ as an economic icon of the period to attract tourism and foreign exchange earnings.

He was also named one of the “50 Asia’s Top Corporate Takeover and Turnaround CEOs” by Business Weekly International magazine in 1989, for turning around the Emporium Group Singapore from bankruptcy and also Bousted-Co Singapore and Bousted PLC, United Kingdom from the doldrums.

He was appointed by tycoon Tan Sri Quek Leng Chan as an advisor and subsequently chief executive officer of MP Corp in 2005.

In December 2006, Ch’ng acquired a controlling stake of 60% in MP Corp through his Hong Kong-based private vehicle Top Lander Offshore Inc.

Ch’ng recalls that when he first took over the reins of the company “it was like taking over a sick baby”. Back then, MP Corp was developing low to medium cost houses in the area, now earmarked for the Iskandar development, which he put an immediate halt to. In place, he drew up a new masterplan which got the nod last year.

His mission now is to woo strategic investors – local and foreign – into the project.

By year end, MP Corp will launch its residential properties.

“Our office in Hong Kong is also coordinating and marketing APTEC and LakeHill in Hong Kong and China,” he enthuses.

Ch’ng sees huge potential in Iskandar-Singapore, as he sees strong similarities to Shenzen and Hong Kong economic success story.

“Iskandar-Singapore’s combined logistic, strategic and natural geographical advantage will be the epicentre of the Asia Pacific, Indian Continent and Middle East’s huge consumer market population,” he says.

Originally, the plan was to complete the whole development in 12-15 years but Ch’ng wants to fast track it to within 8 years.

“I want to build it all at one go. You cannot do it on a piecemeal basis. That always fails. You need something very unique and an icon to attract foreigners to come in. And APTEC will spur the imagination of foreign direct investments,” he says.

Ch’ng is now targeting Chinese exhibitors to take up 50% of its wholesale permanent exhibition centre comprising of 2.25 million nett exhibition space.

Meanwhile, initial construction will be financed by bank borrowings.

MP Corp is currently in discussions with some financial institutions to raise a term loan to undertake the project. MP Corp is also seeking a tax-incentive status similar to the ones obtained by Medini and Puteri Harbour in Nusajaya.

In the fourth quarter to June 2009, revenue grew 16% to RM2.73mil year-on-year; the company made a loss of RM915,000 from a profit of RM8.56mil in the previous year’s corresponding quarter.

For the full year, it made a net profit of RM54mil from RM57mil previously.

As at June, the company’s net asset value per share is RM1.55. The counter finished trading on Friday at 54.5 sen.

Two weeks ago, MP Corp proposed a two-renounceable-call rights issue of up to 129.448 million shares together with 129.448 million free detachable warrants.

The rights issue is at RM1 per share; the first call of 42 sen will be fully payable in cash by shareholders while the second call of 58 sen will be capitalised from the retained profits account.

The proposed rights issue is expected to raise gross proceeds of up to about RM54.37mil, of which RM30mil will be used to retire advances from Top Lander.

The proposed three-for-four rights issue is being undertaken on a minimum subscription basis to enable the company to raise funds without incurring interest costs.

MP Corp had determined a minimum subscription of 76.827 million rights shares and the company will obtain a letter of undertaking from its substantial shareholder, Top Lander Offshore Inc, to subscribe for all the rights shares.

The proposed rights issue is expected to be completed by the first quarter of 2010.

107,226 Posts
Discussion Starter · #14 ·
Malaysia Pacific eyes JVs for RM4b project
Published: 2009/12/22

Malaysia Pacific Corporation Bhd is eyeing more joint-ventures to fund its RM4 billion development project, namely the Asia Pacific Trade & Expo City (APTEC) and LakeHill Resort City.

Located within Iskandar Malaysia, the project is due for construction next year, said President and Chief Executive Officer Bill C.P Ch'ng.

APTEC, which MPC will help to manage, will be the sourcing and distribution centre for goods from around the region, particularly from China, India and Asean countries and it is expected to be completed within four years.

The township of LakeHill meanwhile is expected to be ready in eight years.

"We are in the final stage of getting clearance from the authorities," he said.

The company, he said recently signed a memoranda of understanding with its Thai partners.

"More announcements on joint-ventures will be made next year,"
he told reporters after the company's annual general meeting here today.

The company is also in talks with several government bodies and private international firms from China and Singapore for the joint-venture purposes. -- Bernama

107,226 Posts
Discussion Starter · #15 ·
Thailand keen to work with APTEC in Iskandar
Published: 2010/03/1

THAILAND is interested in working with Malaysia Pacific Corp Bhd in the latter’s Lakehill Resort development and Asia Pacific Trade & Expo City (APTEC) in Iskandar Malaysia, Johor.

The company said in a stock exchange filing yesterday that a meeting had taken place last month between Thailand’s Ministry of Commerce officials and chief executive officer Datuk Bill Ch’ng, among others. “The Ministry has expressed keen interest in APTEC in Iskandar Malaysia and a study of a ‘sub-hub’ of APTEC Thailand, in the spirit of regional trade and services cooperation,” it said. Ch’ng is expected to make a presentation to the cabinet committee at an upcoming meeting.

The RM1.6 billion APTEC is anticipated to be Asia’s biggest trade and distribution hub. Lakehill Resort, meanwhile, is a mixed development project.

107,226 Posts
Discussion Starter · #16 ·
Malaysia Pacific Corp, Beijing Construction plan projects in Iskandar Malaysia
By Joseph Chin of The Edge Financial Daily
Monday, 29 March 2010 16:12

KUALA LUMPUR: Malaysia Pacific Corp (MPC) and Beijing Construction Engineering Co Ltd are planning to undertake the construction and financing of two property projects in Iskandar Malaysia, Johor.

MPC said on Monday, March 29 its subsidiary LakeHill Resort Development Sdn Bhd and Beijing Construction had signed a letter of intent last Friday to to evaluate the development and financing of Lakehill Resort City and Aptec City.

Once Beijing Construction had evaluated the plans, the detailed terms and conditions of contract or contracts would be signed in the presence of both governments, it said.

It added that Beijing Construction, which is one of the largest state enterprises of China, is among the largest construction and engineering companies in China and it has undertaken many major construction projects in China.

MPC said the letter of intent would map out the basis and roles of the parties in pursuing the project, with a view to enable Beijing Construction to hold discussions with third parties such as Iskandar Regional Development Authority, Johor government and other

107,226 Posts
Discussion Starter · #17 ·
Civil Work To Start This Year For APTEC Project
April 26, 2010 20:26 P

KUALA LUMPUR, April 26 (Bernama) -- Property firm, Malaysia Pacific Corporation Bhd (MPCorp), plans to start the civil work of the Asia Pacific Trade and Expo City (APTEC) in Iskandar Malaysia this year.

The combined cost of the project, including Nusa Paradis (rpt Nusa Paradis) and factory outlets is expected to cost RM2.6 billion.

"We have the masterplan and are waiting for some special incentives from the Iskandar Regional Development Authority (IRDA). We hope to be granted soon," its president and chief executive officer Datuk Bill C.P. Ch'ng told reporters at the National Chamber of Commerce and Industry of Malaysia forum titled "A Strong China: Its Implications and Challenges" here Monday.

APTEC, billed as the largest trade exposition and distribution centre in the region is located within its flagship Lakehill Resort City. It will comprise a trade and expo centre, shopping mall, office towers, hotels and a halal centre.

The entire project -- APTEC and LakeHill Resort City -- is expected to cost RM4.5 billion and has an estimated gross development value of between RM6.5 billion and RM8 billion.

Covering three million sq ft of exhibition space, APTEC will have the widest selection of products from China and the Asian region, with the state-of-the-art facilities and infrastructures in a one-stop sourcing and trading centre.

APTEC will serve as a catalyst in the development of Iskandar Malaysia into a regional and distribution hub, targeting Asia-Pacific's population of 800 million.

"We are also negotiating with various potential joint-venture partners as we want to look for people with the expertise to operate APTEC. We need various expertise as it is an international trade centre," Ch'ng said.

APTEC, he said, would showcase a wide variety of mass consumer products such as garments, souvenirs and high-tech electronic goods from China, India and Asean countries, at competitive prices and comparable quality options for buyers.

Ch'ng said Asean was a good alternative market as the world was also looking at China and Asia to kick start the global recovery.

"In terms of affordability, it will still be the Asia and China because by tradition and culture, we tend to save more money and spend," he said.

APTEC will also have an impact on the economy as the expo centre will serve as a direct source from suppliers and factories, Ch'ng said, adding that it will have an enormous economic spin-offs.

"You will get the price directly from the source and there is no middlemen and agents. The cost will then can be brought down which will help contain inflation and reduce the cost of living," he added.

APTEC and LakeHill Resort City are developed by LakeHill Resort Development Sdn Bhd, a joint venture between MPCorp and Amanahraya Development Sdn Bhd, which holds 22 per cent.


107,226 Posts
Discussion Starter · #19 ·
Shopping In Johor

Another giant planting its foot in Iskandar Malaysia is not a shopping centre, but a 60-acre “city” – the Asia Pacific Trade & Expo City (APTEC) in Iskandar Malaysia. This “one-stop sourcing and trade centre” is also targeted to begin construction this year, with full completion within eight years. Its developer Asia Pacific Trade & Expo City Sdn Bhd (APTEC SB) is a unit of Lakehill Resorts Development Sdn Bhd, of which 78% is owned by Malaysia Pacific Corp Bhd (MP Corp) and the remainder owned by AmanahRaya Bhd. In fact, the APTEC project will be surrounded by a mixed development undertaken by Lakehill.

When complete, APTEC will have 2.5 million sq ft of exhibition space in four trade halls, retail malls, hotels (including a 50-storey five-star hotel), as well as offices and commercial units. MP Corp is now finalising joint-venture partners for APTEC, and has signed a letter of intent with a possible joint-venture partner from Thailand. Dividing up APTEC into 18-20 joint venture parcels is a move aimed at enabling different components within the project to take off simultaneously, without incurring an excessive financial burden on the company for this RM4 billion project, said MP Corp President and chief executive officer Datuk Bill C.P. Ch’ng.

The entry of these and other globally renowned retail players into the market looks set to turn not just Johor, but in fact, Malaysia, into a shopping paradise for the world. Hopefully, this will also mean spillover benefits for the tourism industry industry in general and also lead to secondary business and economic activities for supporting industries.

3 Posts
Maintaining a statement in your ear, buddy, for here is a trick. Never pay attention to these big girls the elves, because while it comes to

fishing, size surely much imports. The largest you?re best post of fishing as this will give you an advantage. Listen in to the place of crowd in

this matter. `It takes large to grab large! ‘It is renowned that the flock like to fish really large fish that they employ as arms spontaneous.

Cheap RS GoldListen now narrowly, buddy, for the privacy of the abundance wow gold or of the money is to

get information about the wow economy as of the beginning and to approve one of much money making the strategies which the snowstorm established in

the play. Simply put, wow the economy follows the same basic rules of supply and that with any other wow gold economy. The snowstorms were

intelligent in the design of the play and built in the request for many articles. Finally I will say that it takes to earn money is inside wow to

provide these collection to a famished group of purchasers.
Real Bargains for Ugg Bootswithin a, the being, the ugg shoes-australia answer line included a team of gumboot styles and four models of slippers,

as well as a few casual shoes.Buy WOW Gold On the influence, deckers acquired the ugg stamp name for 200 living, buy

ugg boots referred to their media or slippery territory. these sheepskin slippers are ugg tall boots worn in the realm of fashionable womens

footwear for over a decade. available in chocolate, black or purple, youre assured to find the cardy for you! if youre on your day may take you.

RuneScape Goldtake one look at home with relatives, the refine pick. t jildor shoes, they have been an espouse

in appearance but in performance, gift unsullied roast, comfort and versatility no substance where your look or mood. every year ugg boots to

complete the look. if youre feeling short styles with new additions to the line. this years latest and greatest is the buy uggs for women. this new

boot has just hit stores and is already selling well.
1 - 20 of 27 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.