SkyscraperCity banner
1 - 20 of 26 Posts

·
Moderator
Joined
·
13,684 Posts
Discussion Starter · #1 ·
SEPANG INTERNATIONAL CITY | General News & Updates ‎

Tuesday May 29, 2012
Guocoland to invest RM12.5b in eco-city


PETALING JAYA: Hong Leong Group's property arm Guocoland (M) Bhd will invest RM12.5bil under the Greater Kuala Lumpur National Key Economic Area for the development of a 4,000-acre eco-city in Sepang.

The gross development value of the Sepang International City is RM48bil and the project is expected to contribute RM1.34bil to the country's gross national income and create 4,712 jobs.


The investment is the biggest from a single Entry Point Project (EPP) partner under the new 21 Economic Transformation Programme (ETP) projects announced by Prime Minister Datuk Seri Najib Tun Razak at an ETP Progress Update briefing yesterday.

Managing director Yeow Wai Siew said Guocoland was in the midst of getting the approvals for construction works to begin.

“We are now going through the proper application and planning stage with the Federal and State Governments. Hopefully we will be able to start the development in one-and-a half years' time,” he said.

Yeow said Guocoland was also talking to international investors for the project. “There are a lot of investors from East Asia now, especially from Japan and China, with some from Singapore,” he said.

He noted that since Japan's March 2011 tsunami disaster, Japanese investors had been looking abroad for property that they could use for emergencies.

The seafront development in the southern corridor of Selangor will include commercial, business, residential and leisure developments, a hub for institutions of higher learning and a large world-class urban park modelled after the Central Park in New York City.

http://biz.thestar.com.my/news/story.asp?file=/2012/5/29/business/11375643&sec=business
 

·
Registered
Joined
·
9,478 Posts
On the right below sepang circuit kan?
 

·
Registered
Joined
·
101,310 Posts
RM48bil gross development value for SIC project
Thursday May 31, 2012
http://biz.thestar.com.my/news/stor...0&sec=business#1338598547694158&if_height=202

GuocoLand MD says the project destined to be a model city of the future
PETALING JAYA: GuocoLand (M) Bhd, the property arm of Hong Leong Group, will be developing the Sepang International City (SIC) with a gross development value of RM48bil.

GuocoLand said in a statement that the proposed project would span about 1,620ha in the southern corridor of Selangor and would be developed over 18 phases.

Full completion of the project is expected to take 15 to 20 years.

“The seafront development will include commercial, business, residential and leisure developments, a hub for institutions of higher learning and a large world-class urban park that will be modelled after the Central Park in New York City,” it said.

GuocoLand managing director Yeow Wai Siaw said the SIC would serve as the catalyst for the growth and future development of Sepang and its surrounding areas.

“SIC is destined to be a model city of the future, not only in Malaysia but in this region. We are very honoured to undertake our second entry point project (EPP) initiative,” he said.

The EPP is part of the new 21 Economic Transformation Programme (ETP) projects announced by Prime Minister Datuk Seri Najib Tun Razak at an ETP progress update briefing earlier this week.

More than 500,000 people are expected to live and work in the SIC.

The project would be supported by direct transport links to the KL International Airport, Kuala Lumpur and other major points in greater Kuala Lumpur and the Klang Valley, it added.

GuocoLand's other projects include Damansara City in Damansara Heights, Commerce One along Old Klang Road, the Emerald master-planned township in Rawang, PJ City Corporate Hub in Petaling Jaya and Amandarii in Kajang.
 

·
Registered
Joined
·
101,310 Posts
GuocoLand Malaysia to develop RM48 billion world-class city in Sepang
01 June 2012 | Last updated at 09:54PM
http://www.nst.com.my/red/guocoland...48-billion-world-class-city-in-sepang-1.89760



GuocoLand Malaysia, the property arm of the Hong Leong Group, will embark on the development of a RM48 billion world-class city – Sepang International City – in Sepang that is envisaged to transform the Greater Kuala Lumpur landscape and place Malaysia on the global map.

The proposed Sepang International City, which spreads across 4,000 acres of prime land in the southern corridor of Selangor, will be one of the largest development projects in Malaysia and is expected to contribute about RM19 billion to Malaysia’s Gross National Income and create about 50,000 jobs by 2020.

The seafront development will include commercial, business, residential and leisure developments, a hub for institutions of higher learning and a large world-class urban park that will be modelled after Central Park in New York City. More than 500,000 people are expected to live and work there.

The project, about 8km from the Sungai Pelek town, is projected to take up to 20 years to be fully developed.

The eco-city is one of the Entry Point Project (EPP) under the Greater Kuala Lumpur/Klang Valley NKEA that was announced by Prime Minister DatukSri MohdNajibTunRazak at the Economic Transformation Programme (ETP) Progress Update briefing recently.

GuocoLand (Malaysia) Bhdmanaging director, YeowWaiSiaw said the proposed Sepang International City would serve as the catalyst in the growth and future development of Sepang and thesurrounding areas.

“Sepang International City is destined to be a model city of the future, not only in Malaysia but in this region. We are very honoured to undertake our second EPP initiative on the back of the award-winning Damansara City which was announced as one of the economic boosters under the ETP in January last year,” he added.

The proposed Sepang International City will be supported by a world-class infrastructure, including direct transport links to the Kuala Lumpur International Airport, the federal capital and other major points in Greater Kuala Lumpur.


MODEL CITY: Sepang International City is destined to be a model city of the future

Malaysia - Sepang International City Draws Asian Interest
http://www.commercialasia.com/news/3768/Malaysia-Sepang-International-City-Draws-Asian-Interest

Investors from around the region - including Singapore, China and Japan - are said to be interested in participating in GuocoLand (M) Bhd's RM 48 billion mixed-use premium development.

Among the 21 new Economic Transformation programme (ETP) projects announced by Prime Minister Datuk Seri Najib Razak is Sepang International City, a premium seafront eco-city offering commercial, residential and lifestyle facilities.

Managed by GuocoLand (M) Bhd, the property arm of Hong Leong Group, the massive mixed-use development has a gross development value estimated at RM 48 billion. The project will span 1,600 ha as a world-class integrated and sustainable eco-city with business, commercial, residential and leisure components.

Sepang International City has also caught the attention of investors from East Asia, with parties from Singapore, China and Japan expressing interest to participate in the project, said Yeow Wai Siaw, managing director at GuocoLand. The foreign investors are looking to develop properties in the upcoming eco-city, he said.

GuocoLand revealed that it is in the midst of gaining the necessary approvals from the Selangor and Federal Governments, and is targeting to commence work in 18 months.

Najib said that GuocoLand has committed an investment of RM 12.5 billion towards the development of Sepang International City, which is projected to generate RM 1.34 billion on gross national income and create more than 4,000 jobs.

"Every developed nation needs a vibrant capital, and GuocoLand is one of the new project owners that will be part of ensuring this," he said.
 

·
Registered
Joined
·
101,310 Posts
Sepang International City
Investment: RM12.5 b (2020)
GNI Impact: RM1.34 b (2020)
Jobs created: 4712 (2020)



The timely announcement of the future and growth development of Sepang vis-a-vis Sepang International City will strengthen Malaysia's appeal as a global destination and reinforce its aspiration to be a fully developed nation by 2020.

"GuocoLand Malaysia is indeed very honoured with the development of this ambitious project, its second ETP initiative on the back of the award-winning Damansara City integrated development project in Damansara Heights announced in January 2011."

Mr Yeow Wai Siaw
Managing Director

Source: http://etp.pemandu.gov.my/[email protected]_International_City.aspx
GuocoLand (Malaysia) Bhd will develop the Sepang International City, a world-class and seafront development, stretching across 4,000 acres of prime land in the fast growing southern corridor of Selangor.

The development of the integrated and sustainable eco-city, with a gross development value of RM48 billion, will include commercial, business, residential and leisure developments, a hub for institutions of higher learning and an urban park which will be modeled after the Central Park in New York City.

The development of the Sepang International City, which will span over 15 to 20 years, will also have a world-class infrastructure, including direct transport links to the Kuala Lumpur International Airport, Kuala Lumpur and other major points in Greater KL/Klang Valley.

The Sepang International City will appeal to international businesses, including many multi-national companies which intend to make Malaysia their base for expansion into the region.
 

·
Moderator
Joined
·
13,684 Posts
Discussion Starter · #11 ·
I think that the Government has more headaches now to link ERL or High Speed train to SIC.

Basically this City is so far away from KL City Center...
 

·
Maintenant ou Jamais
Joined
·
4,100 Posts
I think that the Government has more headaches now to link ERL or High Speed train to SIC.

Basically this City is so far away from KL City Center...
thts how big city works,im happy government took this risque project:cheers:
 

·
Registered
Joined
·
4,130 Posts
If not mistaken that area is now filled with palm oil & coconut trees? Is it right after the chinese kampung area?
 

·
Registered
Joined
·
9,478 Posts
I have no idea where this thing is.. but my guess it would be the CBD for KV2.(south klang valley)
 

·
sa isip, sa salita
Joined
·
2,372 Posts
aiyo this project currently situated along jalan sepang - pd and the area has nothing man...really hulu despite having klia next door.
 

·
Moderator
Joined
·
13,684 Posts
Discussion Starter · #16 ·
Sepang landowners request for land conversion

18-2-2013

MORE development is expected to take place in Sepang if the requests by landowners for land status conversion are approved.

Most want to change the land status from agriculture to residential or from residential to commercial use, said Selangor Housing, Building Structure Administration and Squatters Committee chairman Iskandar Abdul Samad after the Sepang local draft plan meeting held at the Sepang Municipal Council in Cyberjaya yesterday.

“We need to look into the viability of building new roads, drainage and amenities before approving the conversions.

“There are 53 objections from 24 residents or residents associations on land use. For example, in Ampar Tenang, Dengkil, residents are worried that a mixed- development project will lead to floods,” he said.
State local government committee chairman Ronnie Liu, who was also present at the meeting, said Sepang was on the right track in terms of development.
On the issue of council enforcement officers demolishing a Hindu shrine at a resident’s house, Liu said an application to rebuild had been approved.


More : http://thestar.com.my/metro/story.asp?file=/2013/2/18/central/12719463&sec=central
 

·
Moderator
Joined
·
13,684 Posts
Discussion Starter · #17 ·
Published: Tuesday April 16, 2013 MYT 10:07:00 AM

Guocoland sees active trade, privatisation candidate?


KUALA LUMPUR: Shares of Guocoland Bhd rose to a high of RM1.05 early Tuesday as it was viewed as a privatisation candidate while Hwang DBS Vickers Research (HDBSVR) had a fair value of RM1.45.

At 9.53am, it was up five sen to RM1.05. There were 738,500 shares done at prices ranging from 99.5 sen to RM1.05.

The FBM KLCI fell 8.15 points to 1,689.62. There were 146.62 million shares valued at RM177.36mil. Declining stocks beat advancers nearly four to one, with 256 losers to 65 gainers while 204 counters were unchanged.

"We see Guocoland as a privatisation candidate given a previous attempt in 2006 and recent privatisation of Guoco Group," HDBSVR said.

The research house accorded a fair value of RM1.45 based on 50% discount to RNAV of RM2.86, implying 45% upside potential

It said the prime RM2bil Damansara City will be a game changer, boosting earnings growth and to pare down high gearing.

"Mass residential projects in Rawang and Sungai Buloh supported by robust local demand; RM48bil Sepang International City to underpin future growth," it said.

HDBSVR said Guocoland was trading at an attractive valuation (68% discount to RNAV, 0.86 times price-to-book value on depressed historical value) and it was a potential privatisation candidate.

More: http://biz.thestar.com.my/news/story.asp?file=/2013/4/16/business/20130416100947&sec=business
 

·
Moderator
Joined
·
13,684 Posts
Discussion Starter · #18 ·
Guocoland plans RM1.5bil projects next year

Posted on November 4, 2013 - Property News.

BY EUGENE MAHALINGAM


PETALING JAYA: Guocoland (M) Bhd will be launching RM1.5bil worth of projects within its current financial year ending June 30, 2014 (FY14).

Managing director Tan Lee Koon said the projects would be from ongoing developments that the company had in Emerald City (Rawang), PJ City, Sepang and Cheras.

“We will be launching three residential phases in Emerald City in FY14,” he toldStarBiz, adding that the development in Rawang would comprise semi-dee and zero-lot bungalow units.

“The starting price for the zero-lot bungalows is about RM1.8mil,” said Tan. “As the Klang Valley expands, areas farther out such as Rawang are doing well and we’re seeing more people moving outwards.”

According to the company’s website, Guocoland is developing 28 units of terrace and semi-dee factory units in PJ City, known as the PJ City Corporate Hub.

The units will be for the utilisation of high-tech assembly plants, showrooms, wholesaler businesses and standard office space.

Tan declined to reveal the starting prices of the units for Guocoland’s project at PJ City, however.

Guocoland also has 5,000 acres of land in Sepang, of which 1,200 acres have been allocated to develop its Pantai Sepang Putra project.

“Around 90% of the project will be residential development,” said Tan, adding that the company had already built 1,900 homes in the area.

“We had stopped launching for two years because demand for property in the area was slow. However, prices of homes in the area have since gone up and we are kick-starting launches there.”

Tan also said Guocoland had 49 acres of land in Alam Damai, Cheras, where the company is currently developing semi-dee and bungalow houses.

According to him, Guocoland currently had close to 10,000 acres of undeveloped land currently, mainly within Kuala Lumpur and Selangor.

“We also have a piece of land in Jasin, Malacca, and we’re excited about the prospects there. Tourist visits to the state have been increasing over the years and investors are also coming in.

“We are currently planning something in Malacca and will make the necessary announcements when the time is right.”
http://www.starproperty.my/index.ph.../guocoland-plans-rm1-5bil-projects-next-year/
 

·
Moderator
Joined
·
13,684 Posts
Discussion Starter · #19 ·
Published: Saturday July 19, 2014 MYT 12:00:00 AM
Updated: Saturday July 19, 2014 MYT 9:13:43 PM

Guocoland to launch projects worth RM2.5bil over 3 years


by cheryl poo

KUALA LUMPUR: Guocoland Malaysia Bhd is planning to build and sell properties worth RM2.5bil over the next three years in the Klang Valley area.

The projects include a township development in Rawang, a mixed project in Sepang and a corporate office venture in Petaling Jaya.

The planned new launches will add to the group’s ongoing RM2.5bil flagship Damansara City development, which is expected to be fully completed by mid 2016.

The construction of Damansara City was awarded to two South Korean contractors – SsangYong Engineering & Construction Co Ltd and Daewoo Engineering and Construction Co Ltd.


SsangYong is undertaking the construction of two upscale residential blocks (DC Residency), elevated parking as well as five to six levels of basement car park, for RM431.1mil.

Daewo, meanwhile, will build a 300,000-sq ft four-storey retail mall, a five-star hotel and two office towers – for RM538mil. The hotel will be run by Clermont Kuala Lumpur.

“I expect DC Residency to be fully sold by next year. We are actually not in a hurry as prices will go up after the mass rapid transit lines are ready in the area,’’ managing director Tan Lee Koon told reporters after the topping out ceremony of the DC Residency project yesterday.

Guocoland has a total 4,046ha of land-bank in Petaling Jaya, Rawang, Cheras and Sepang. It also owns some 1,618ha in Jasin, Malacca.

Tan said phase one of the terrace housing project in Sepang had been fully taken up and that construction of phase two would begin mid next month.

“These projects will bring about a substantial stream of recurring income to our books,” he added.

For the third quarter ended March 31, 2014, Guocoland’s net profit soared 79% to RM15.71mil from RM8.79mil last year due to more recognised profit from PJ City and Damansara City.


http://www.thestar.com.my/Business/...o-launch-projects-worth-RM25bil-over-3-years/
 

·
Moderator
Joined
·
13,684 Posts
Discussion Starter · #20 ·
Monday, 19 October 2015

Guocoland associate sells Sepang land for nearly RM475m
KUALA LUMPUR: Guocoland (Malaysia) Bhd’s associate Vintage Heights Sdn Bhd is selling 679.2 hectares of land in Sepang, Selangor to Putrajaya Properties Sdn Bhd for cash consideration of RM475mil.

Guocoland said on Monday upon completion of the disposal, Vintage Heights is expected to realise a net gain on disposal of about RM290mil and about RM116mil is expected to be attributable to Guocoland.

“The net gain attributable to owners of the company represents an increase in earnings per share and net assets per share of the company of approximately 17.31 sen,” it said.

It said the proceeds would be used for Vintage Holdings’ working capital purposes, repayment of borrowings and/or distribution to Vintage Holdings’ shareholders.
http://www.thestar.com.my/Business/...ells-Sepang-land-for-nearly-RM475m/?style=biz
 
1 - 20 of 26 Posts
Top