Everymonth this project bleeding money kau kau.

with mrt circle line no news. Naza ttdi share is super ddd

phase 1 is arte mont kiara by nusmetro group

Tikaram boss, what is the reason this project bleeding kau kau?

am no boss.

cant get project financing hence delay project launching.

earthwork subcon 9 months din't get payment.

Supposed to build office tower and hotel first right?

no

That's what they submitted to DBKL after Matrade Centre.

Plot 6A: Show gallery
Plot 6C: District cooling centre
Plot 4: 2 blocks of 46-storey Service Apartments
Plot 7D: 2 blocks of Hotel with 1,219 rooms (office no more?)

This post has been edited by accetera: Feb 28 2015, 10:23 AM

anyone has any updates on d apartment/office launch?

Anymore updates on KL Metropolis? How's the progress coming along?

Any idea when this will be launch? KL metropolis. 👍

How now?

Hap Seng, Naza TTDI in RM3.8bil property project
http://www.thestar.com.my/business/busines...operty-project/

Malaysia’s largest exhibition space to be fully operational soon
The StarBiz | Tuesday, 18 October 2016 | MYT 8:02 PM
http://www.thestar.com.my/business/busines...erational-soon/



From left: SM Faliq, Naza World Group of Companies group executive chairman and group chief executive officer Datuk Wira SM Faisal SM Nasimuddin and Naza TTDI chairman SM Nasarudin SM Nasimuddin at the launch of KL Metropolis Show Gallery.


KUALA LUMPUR: Property developer Naza TTDI is expecting the Malaysia International Trade and Exhibition Centre (MITEC) to be fully operational by the first quarter of 2017.

Speaking at the launch of the KL Metropolis Show Gallery on Tuesday, Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin said MITEC, the first component of the 30ha KL Metropolis master development, had been completed.

“We’re confident that MITEC with its capabilities to host international events will encourage further growth to the business tourism and MICE (Meetings, Incentives, Conferences, and Events) industry in Malaysia,” he said.

With a gross development value (GDV) of RM810mil, MITEC, the country’s largest exhibition space with a gross exhibition floor area of 92,903 sq m and 11 exhibition halls, will be able to accommodate up to 40,000 visitors at a time.

Launched in 2011 with a total GDV of RM20bil, KL Metropolis has eight precincts with Met 1 consisting of two office towers, a destination mall and a serviced residences which is expected to make its soft launch in November and the official debut in January.

Met 2 will highlight a hotel and an office tower, Met 3 will have a lifestyle mall, a signature tower, a luxury condominium, a five-star hotel and class A office towers, while Met 5 will include a four-star hotel and feature a joint venture project with Hap Seng Land Sdn Bhd to build residential blocks and offices.

There will be a standalone class A office tower in Met 6, luxurious wellness suites in Met 7 to promote and develop medical tourism in Kuala Lumpur, another two office towers which will be jointly developed by Triterra Metropolis Sdn Bhd in Met 8 and a six-star hotel in Met 9 to cater to MITEC exhibitors and participants.

Meanwhile, KL Metropolis’ Arte segment will have three towers of simplex and duplex suites and serviced apartments with a GDV of RM1.2bil to be be built in collaboration with Nusmetro Property Sdn Bhd.

“We understand that the market is very soft at the moment but a project is about future projections. There will always be challenges moving forward but it’s about how we address them.

“For instance, we’ll launch the residences first and when the demand for offices picks up again, we’ll release more office towers,” Faliq shared, adding some precincts and components may be delayed or changed depending on the market scene.

“Right now, it’s critical for us to bring investors in for the hotel component. We have spoken to a handful of regional and local investors and we hope to secure something soon, hopefully by the first quarter of next year,” he said.

The precincts are expected to be fully launched by the second quarter of 2022 and completed by 2026.

With the gross area of 1,300 sq m, the KL Metropolis Show Gallery was designed with spaces for a concierge, coffee bar, audiovisual rooms, two show units, a discussion area and a children play area.

Until the mrte is complete in 8-10 yrs, this project will struggle to hold mass events.

MET 1
Serviced Residences
MET 2
Strata Office and 4-Star Hotel
MET 3
Lifestyle Mall, Naza Signature Tower, Luxury Condo, 5-Star Hotel & Class A Office Towers
MET 5 (PARTNERSHIP WITH HAP SENG)
Podium Retail, Office Tower, Residential Tower, Hotel & Serviced Residential Tower
MET 6
Class A Office
MET 7
Wellness Suites
MET 8 (PARTNERSHIP WITH TRITERRA GROUP)
Strata Office Towers
MET 9
6-Star Hotel
MITEC
Trade & Exhibition Centre
ARTE
Serviced Residential

With this kind of development components,
No wonder NT is now searching for funding.
This development will caused high gearing to NT.

With quite a few corporate office towers incl the signature tower, massive convention centre and a large premium mall, think this is a bad deal for investment.

Only challenge would be waiting +6 yrs for mrt3 upon VP of met 1.

This post has been edited by Babizz: Jan 28 2021, 08:30 AM

Either good or bad deal,
The fact that it requires high capital and equity Investment.
Will take very long time to pay back...

Not worth to purchase amid the current stagnating market. maybe for the rich then yes

very ambitious..