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Sunday, August 11, 2013

碧桂园加码投资 “依区引领新山成世界城市”



  • 杨国强(左起) 向柔佛苏丹依布拉欣殿下和拉惹查丽苏菲雅讲解碧桂园金海湾的海景公寓特色。
(新山11日讯)中国十大房地产发展商碧桂园集团董事主席杨国强看好依斯干达特区拥有巨大且美好的发展前景,并将引领新山发展成为世界级城市。
金海湾斥资180亿
碧桂园集团今天邀请柔佛苏丹依布拉欣殿下为其首个海外独资经营和发展项目———碧桂园金海湾主持隆重的推介礼,身为集团创始人的杨国强便马上宣布,将继续在依区加大投资力度。
碧桂园金海湾是碧桂园在我国的第三个发展计划,设在马来西亚依斯干达特区(柔南特区)内的旗舰A区沿海的黄金地段———金海湾,在55英亩的土地上发展总值180亿令吉的产业项目,将兴建豪华俱乐部、购物广场及服务式公寓。
杨国强致词时表示,发展计划能增加新山人民的就业机会,增加大马政府的税收,使城市更加美丽,因此他希望碧桂园这项全新项目能够得到认同。
他说,碧桂园金海湾能有今天的美丽,非常感谢苏丹的大力支持。他也感谢政府官员的帮助,以及善良的百姓,协助创造安心的投资环境。
职业培训大马人
“依斯干达特区有巨大且美好的发展前景,在苏丹及政府官员的领导下,新山能发展成世界级城市,我希望在这过程中做出贡献。”
杨国强在会上承诺:“碧桂园将加大投资力度,尽我们所能,为更美好的新山做出更大贡献。”
此外,杨国强也指未来该集团将提供职业培训给大马人,以提高本地人民的素质及增加收入。
今日受邀出席见证推介礼的嘉宾包括中国驻马大使拿督柴玺、拉惹查丽苏菲雅、柔佛州王储东姑依斯迈、柔佛州东姑天猛公东姑依德利斯、公主东姑阿米娜、柔佛州议会议长拿督莫哈末阿兹士、碧桂园集团总裁兼执行董事莫斌以及许多政府高官及柔州行政议员。

Wednesday, July 10, 2013

RM30 billion. 330km High Speed Railway line.

It was earlier reported that the HSR would run through the Klang Valley, Negri Sembilan, Melaka and Johor.

Prime Minister Datuk Najib Razak and his Singapore counterpart Lee Hsien Loong gave the nod for the HSR project earlier this year.

The exact cost of the project has not been officially announced but the project is estimated to cost a minimum of RM30 billion. The railway line will cover 330km across the west coast of Peninsular Malaysia, which translates into a cost of about RM91 million per km. Travel time between the two capitals is expected to take 90 minutes.

The HSR, targeted for completion in 2020, will complement the proposed rapid transit system (RTS) link that connects Johor Baru to Singapore's Thomson Line, which is slated for completion by 2019.

YTL Corp's Tan Sri Francis Yeoh, who first mooted the HSR idea several years ago, has publicly indicated his interest in the project. 

Tycoon Tan Sri Syed Mokhtar Al-Bukhary is also said to be keen in taking a stab at the project through a consortium comprising his company, MMC Corp, and Gamuda Bhd. The two companies are currently involved in the construction of the first phase of the mass rapid transit project in the Klang Valley.



This article first appeared in The Edge Financial Daily, on July 10, 2013.

Monday, May 20, 2013

Plaza Rakyat seeks white knight

By Kamarul Azhar
Tuesday, 21 May 2013 12:27Bookmark and Share
KUALA LUMPUR: The long abandoned multi-billion ringgit mixed development project, Plaza Rakyat in Pudu, is once again up for sale. The 6.2ha project is one of the scars left by the Asian financial crisis in 1997.

More than 15 years after the project was grounded, the court appointed receiver and manager to the now defunct Plaza Rakyat Sdn Bhd (PRSB), AdamPrimus, has called for interested parties to submit proposals for the rehabilitation of the project.

“Interested parties with proven track record and strong financial background are invited to submit their proposal for the rehabilitation, completion, takeover and/or acquisition of Project Plaza Rakyat,” AdamPrimus said in a notice that appeared in a local newspaper yesterday.

The Plaza Rakyat project was planned as a mixed development comprising shopping mall, hotel, serviced apartments and office tower with a gross development value (GDV) of approximately RM1.3 billion back in 1993. The project was slated to be completed by 2000.

Now property projects in the area are going for as high as RM1,200 per sq ft as property values in the city have appreciated substantially. This is based on Gamuda Land Sdn Bhd’s mixed development project called The Robertson, situated next to the Plaza Rakyat site. The serviced apartment’s indicative price is RM1,200 psf. Gamuda Land bought the land at RM820 psf in 2010.

Plaza Rakyat was supposed to be integrated with the near by Pudu Raya bus station to create a public transport hub, which includes the Plaza Rakyat LRT station.

However, the Asian financial crisis in 1997 brought the project, which was ultimately controlled by Wembley Industries Holdings Bhd, to a halt.

The substantial shareholder of Wembley Tan Sri Ting Pek Khiing, found himself saddled with a huge debt burden as the ringgit depreciated against the dollar. Ting’s flagship entity Ekran Bhd faced a multitude of problems after the government put on hold the construction of one of the largest hydroelectric dams in Asia, the Bakun Dam. The project was later awarded to Sime Darby Bhd after an open tender.

While the five contiguous plots are among the last large development tracts in the middle of the city, property experts say it might not be an appealing job for a property developer to take on, given the complexity of legal and technical aspects.

The project was abandoned in 1997 after the completion of the foundations and a six-storey basement car park.

According to James Wong, the managing director of VPC Alliance (Malaysia) Sdn Bhd, a valuation surveyor, the viability of rehabilitating Plaza Rakyat hinges on the validity of the joint venture agreement between PRSB and Dewan Bandaraya Kuala Lumpur (DBKL), the concept and scale of the project, the rights of the purchasers and other issues.

“It is not an easy project to take over. The previous developer pumped so much money into the project. It is unknown whether the new developer will have to compensate the ... previous developer,” said Wong.

In 2010, DBKL terminated the joint venture to develop Plaza Rakyat and gave PRSB notice of its intention to take possession of the land due to the delays.

However, PRSB brought the matter to arbitration. It followed with an application to the High Court of Malaya for an interim injunction preventing City Hall from repossessing the land subject to the resolution through arbitration. The injunction was granted in November 2011. The latest developments on the arbitration between PRSB and DBKL are not known.

The new developer might also have to work with the original plan, as the foundations and car park have been completed. This might restrict the new developer from maximising the value of the project within the context of today’s property market, said Wong.

While the prospect of netting big for developing huge tracts of prime land within the city could encourage developers to submit their proposals, Wong believes the complicated legal and technical aspects must be solved first.


This article first appeared in The Edge Financial Daily, on May 21, 2013.

Friday, March 1, 2013

Site Plan


View from Raja Chulan


View from Pudu


Tuesday, January 1, 2013

步行街





Alder Hills Golf Course


Golf Courses