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MaLaYsIa EmPiRe
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PROUD 2 B MALAYSIAN
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Discussion Starter · #3 ·
dah nama old news.. aku tgk xde plak jadi hotel.. ridiculous this umNo portal..

after this mrt take over and they will demolish the building to make intergrated rail system..
sekarangkan tengah renovate jadi hotel....Maybank bawahtu pindah ke Sari Ratu Restaurant...bakal jadi butik hotel
 

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MaLaYsIa EmPiRe
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ade baca iklan dlm surat kabar pasal tender renovate yayasan selangor into hotel

so, how?. or yayasan selangor segaja renovate too pump up the price
 

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Anyone heard of the proposal to convert Bangunan Yayasan Selangor into building with the world's biggest LED screen???

I hope they rebuild it with a tall building with LED like Menara TM.
World's Largest at the moment is at Mal Taman Anggerik, Indoesia....over 1,160 feet long...


Can it be bigger than that ?? :cheers:
 

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BBKLCC people need to be sent to NYC for 1 month to understand what is Bright Lights....Not HANGING LIGHTS....why they still have those kind of mentality....old folks...

Anyone can tell them in their facebook ? dun waste the 2 millions for ugly hanging lights...
 

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Published: Friday August 10, 2012 MYT 3:37:00 PM

MRT Corp: Bukit Bintang Plaza unaffected by project


KUALA LUMPUR: The My Rapid Transit project will not affect the Bukit Bintang Plaza building, said Mass Rapid Transit Corp Sdn Bhd (MRT Corp) chief executive officer, Datuk Azhar Abdul Hamid.

He said MRT Corp would build the station independently without the integration with BB Plaza and the Yayasan Selangor building.

"We also have issued formal notices to the other private property owners in the Bukit Bintang area to inform them of the matter," he told a media briefing on the MRT V3 viaduct work package here on Friday.

However, Azhar said, work on the station would probably involve discussions with the owners of BB Plaza and Yayasan Selangor.

"We are awaiting responses from them. They acknowledge that it is a golden opportunity for them to integrate with the station, as it will enhance the value of their properties and the location" he said.

Azhar said if the owners of BB Plaza and Yayasan Selangor wanted to integrate with the station, their buildings needed to be re-developed.

"However, for us, we don't want to delay the project and will proceed to construct the Bukit Bintang station independently, to make sure we can deliver the project on time, by July 2017," he said.

On the V3 viaduct work package worth RM816 million awarded to Mudajaya Corp in June, he said work would start this month.

"Of the eight viaduct work packages offered by MRT Corp, seven had been awarded. The remaining package, V8 (Taman Mesra-Kajang), is expected to be awarded at the end of August this year," he said. - Bernama
http://biz.thestar.com.my/news/story.asp?file=/2012/8/10/business/20120810153442&sec=business
 

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City&Country: Yayasan Selangor to redevelop assets


By Lam Jian Wyn of The Edge Malaysia

Sunday, 19 August 2012 00:00



Bangunan Bukit Bintang
One of the foundation’s crown jewels is undoubtedly the 12-storey Bangunan Bukit Bintang, located at the intersection of Jalan Bukit Bintang and Jalan Sultan Ismail, by virtue of its strategic location in the heart of the Golden Triangle’s vibrant leisure and retail strip. It is understood that a winning proposal for its redevelopment by a real estate developer was confirmed three months ago. However, before the deal between Yayasan Selangor and the developer could be firmed up, plans had to be put on hold following news on the location of the proposed MRT station.




Bangunan Bukit Bintang will be redeveloped to boost its value and income
Previously, it was reported that the MRT station would be linked to the neighbouring Bukit Bintang Plaza (BB Plaza), owned by UDA Holdings Bhd. However, the latest proposal by MRT Corp shows plans for an integrated MRT station in BB Plaza and Yayasan Selangor’s Bangunan Bukit Bintang. This would require the two properties to be redeveloped and integrated through an underground station.

Ilham says Yayasan Selangor’s board has instructed the management to float a tender, earliest by this week, in which the master developer for MRT Corp is welcomed to submit a bid. “There is no preference. This is to extract the highest value from the property,” he says. Tenants of Bangunan Bukit Bintang were advised to start moving out from July 31, but those who wish to continue staying will have their tenancies renewed monthly.

“The plan is once we hand over the site for redevelopment to the developer, we will start collecting the agreed rent until the building construction is completed in about four years from commencement of works. “Thereafter, we will continue to collect the rent until the end of the fifth year when the newly constructed tower will be handed over to Yayasan Selangor to manage,” he explains.

The foundation plans to collect a monthly rent of a yet-to-be-determined sum from the developer. “In any case, the sum would definitely be higher than what we’re getting from rental now,” he says. Tensions had flared among the traders amid uncertainties over their future in BB Plaza, which is over three decades old.

It was also reported that Tan Sri Syed Mokthar Al-Bukhary’s Tradewinds Corp Bhd plans to be involved in the redevelopment of both BB Plaza and Bangunan Bukit Bintang. The previous successful bid for Bangunan Bukit Bintang’s redevelopment outlined plans to transform the drab old building into a modern, glassy boutique hotel wrapped in what would have been Asia’s biggest LED advertisement board. In this plan, the MRT station was set to connect to the underground level of the redeveloped property.

After redevelopment, the value of the property was expected to increase to RM300 million from between RM70 million and RM90 million now, while the hotel operations were expected to provide the foundation with a monthly income of RM1.5 million. At present, the building generates an income of about RM300,000 to RM400,000 a month from leasing out the office building’s net lettable area of 120,000 sq ft.

http://www.theedgeproperty.com/news...try-yayasan-selangor-to-redevelop-assets.html
 

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^^ I think tat both parties are still doing the discussion....

Yayasan Selangor should just accept the redevelopment plans so that their building looks compatible to the upcoming H&M's.
 
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