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One Malaysia
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Discussion Starter #1
source : http://www.desamillennia.com


DesaMillennia, a 100 acres leasehold prestigious townships of residential and commercial precincts developed with a prime waterfront development. Carefully designed to give the right complementary mix, with it's eight phases, to all who live, work, eat and play in the townships. Upon completion, DesaMillennia will offer an intelligent cityscape specifically designed and built to cater lifestyles and businesses of the new millennium.


 

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Penang Skyscrapers Hunter
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10,128 Posts
the promenade looks cool!!

hope to see more renders
 

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Registered
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I've a source from the company stating that they'll be building a huge outdoor shopping mall with up to 2 million sq ft net retail space.At present they are still redesigning the whole town layout
 

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PROUD 2 B MALAYSIAN
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38,342 Posts
MILLENIA CITY | HILTON GARDEN INN | Puchong | 18F, 13X 6F | U/C

Millennium Group to transform Puchong with Millennia City
By E Jacqui Chan of theedgeproperty.com
Wednesday, 16 March 2011 15:05

KUALA LUMPUR: The Millennium Group of Companies is ready to transform the commercial and property landscape of Puchong with its integrated flagship city, Millennia City.

According to Benjamin Tan, executive director of Millennium, Millennia City will be spilt into two phases: commercial and residential.

Tan was speaking to the media following the official launch of Millennia City and the singing of management agreement between Millennium and Hilton Worldwide. The event was officiated by Tourism Minister Datuk Sri Dr Ng Yen Yen.

Phase one of the ambitious 100-acre development comprises M Square — a 380,000 sq ft self-enclosed six-storey shopping mall that is linked to the 255-room Hilton Garden Inn — and a trendy 2.1 million sq ft Street Mall made up of 13 blocks of six-storey retail and office units. The project has a total gross development value (GDV) of RM1.5 billion.

M Square will also cater to the MICE market segment with a state-of-the-art convention hall with a seating capacity of 1,200.



(From left): Ng, Hilton Worldwide Middle East and Asia Pacific senior VP development Andrew Clough and Tan at the launch. Photo: Patrick Goh of The Edge Malaysia
"The development will be split evenly, 50% for commercial and 50% for residential. We are still in planning stages for phase two but it will consist of mainly high-end high-rise properties," said Tan, adding that the developer will be focusing on high-end projects from now on.

Tan acknowledged that questions have been raised about its choice of location for such a big project. He asserted his confidence in Puchong, citing findings from its research that showed Puchong is currently one of the fastest growing districts in Malaysia in three key areas — population, monthly household income and commercialisation.

The primary catchment area in Puchong is an estimated 420,000 people while its secondary catchment area 10 minutes away reaches 1.2 million people.

In addition, says Tan, in just over six years from 2000, the percentage of households in Puchong earning between RM7,000 to RM20,000 have increased from 3% to 87%.

The developer is planning to sell a percentage of the units on a compulsory leaseback basis.

"We are looking at it as an investment type of property. We want to manage the place so we can control the tenant mix and we will offer our buyers a guarantee return of about 6% to 6.6%,"offered Tan.

The developer is targeting to start sales of its units by end of March at an average price of RM1,700 psf.

Meanwhile, making its debut in Malaysia as part of Millennia City is the Hilton Garden Inn. This also marks the entry of an international hotel brand in Puchong.

The hotel will feature the brand's key signature offerings including the Garden Sleep System bed, ergonomic Mirra chair by Herman Miller and complimentary Internet access. Business facilities will include four meeting rooms and a 24-hour business centre while its leisure facilities include a swimming pool and a fully-equipped gym.

Tan noted a sharp increase in demand in the recent years for mid-market hotels in Puchong.

"We chose Hilton Garden Inn because it is upscale yet affordable. With the recent opening of the 500th Hilton Garden Inn hotel internationally, the success and appeal of the brand is proven," said Tan.

Construction is expected to start in 3Q2011, and will be completed by 2013.

 

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PROUD 2 B MALAYSIAN
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Hilton hotel to 'crown' RM1.5b Puchong project
Published: 2011/03/17

THE fast-growing district of Puchong in Selangor will welcome a Hilton hotel in 2013, which is part of a RM1.5 billion mixed-development project named Millenia City.

The project, located on a 40.5-hectare site, is being developed by privately-held Millenium Land Sdn Bhd, which shares similar directors as Tanco Bhd.

The group yesterday signed an agreement with international hotel chain, Hilton Worldwide, to manage Hilton Garden Inn Hotel that will target the mid-market business and leisure travellers.

Millennia City, which is set to be the commercial heartbeat of Puchong, will comprise M Square, a 380,000 sq ft self-enclosed six-storey shopping mall that is linked to the 255-room Hilton Garden Inn and a 2.1 million sq ft Street Mall comprising 13 blocks of six-storey retail and office units.

The development will start by the third quarter this year and is targeted for completion by 2013. The company also plans to build high-rise apartment, targeting the high income group.

"From our research, we found that Puchong is currently one of the fastest growing districts in Malaysia in terms of growth especially in three key area - population, monthly household income and commercialisation," said executive director Benjamin Tan in Kuala Lumpur.

Also present at the signing ceremony were tourism minister Datuk Seri Ng Yen Yen and Hilton Worldwide senior vice president Middle East and Asia Pacific Andrew Clough.

The primary catchment in Puchong reaches an estimated 420,000 people while its secondary catchment area, some 10 minutes away, reaches some 1.2 million people.

"As such, we believe that the development of Millennia City will be a highly significant project as we foresee it to be a major cornerstone of a modern, trendy and touristy Puchong," said Tan.
 
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