Latest: Mah Sing in JV for RM900m project in KL
Tags: Asie Sdn Bhd , Jalan Pahang , Jalan Tun Razak , Kuala Lumpur , Kuala Lumpur City Plan 2020 , M Sentral , Mah Sing Group Bhd , River Corridor Development , Usaha Nusantara Sdn Bhd

By Joseph Chin of theedgeproperty.com
Tuesday, 02 August 2011 12:38
http://www.theedgeproperty.com/news-a-view...ject-in-kl.html

KUALA LUMPUR: Mah Sing Group Bhd is teaming up with Asie Sdn Bhd to jointly develop about 4.08 acres of prime land along Jalan Tun Razak-Jalan Pahang here which is part of the largest privatised urban regeneration project in Kuala Lumpur.

Mah Sing said on Tuesday, Aug 2 that it would undertake a niche development — M Sentral — with an estimated gross development value of approximately RM900 million.

M Sentral shall comprise smaller sized and more affordable serviced residences as there is strong demand due to lower entry prices, as well as some retail units.

Mah Sing unit Grand Pavilion Development Sdn Bhd had inked a joint venture agreement with Asie and its unit Usaha Nusantara Sdn Bhd for the joint development.

Under the deal, Usaha Nusantara would grant Grand Pavillion the sole and absolute right to develop the land for an entitlement of RM106.60 million to be settled via 60% in cash (RM63.96 million) and 40% stake in Grand Pavillion.

Mah Sing shall continue to have 60% shareholding in Grand Pavillion. It said Asie had full rights and approvals for a mixed development comprising residential and commercial properties and community, leisure, recreation and infrastructure facilities on 15 parcels of development land together with five air rights in Precinct 2-Pekeliling of the River Corridor Development under the Blue Corridor policy of Kuala Lumpur City Plan 2020.

This post has been edited by accetera: Apr 24 2015, 10:14 PM

i think its integrated project? any idea?

did TMS bought the land? as far as i know for now it is JV development... and Asie have been holding the land for many many years now in return they built the low cost homes somewhere else...

oh yeah there was a proposal to build a 60-storey first revolving tower in this area...

u guys can refer to the historical postings in Skyscrapercity forums.
http://www.skyscrapercity.com/showthread.php?t=297370












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This post has been edited by accetera: Aug 3 2011, 09:16 AM

the iconic revolving tower at Parcel M of Tamansari

Now Open For Registration...




This post has been edited by accetera: Aug 24 2011, 02:49 PM

Tamansari will have more than 12 towers.... i think including a 60-storey revolving tower to be developed in the future....

Titiwangsa will be totally changed by this and the River of Life Project.

yes there is a river... you can even see it at the LRT or PWTC...

big plans for Titiwangsa by ASIE but people only started talking about it after they roped in Mah Sing.

It will announce two more developers coming to join the game here soon.

Stay tuned....



Mah Sing's proposed joint development of 4.08 acres of prime land along Jalan Tun Razak-Jalan Pahang faced a setback after the conditions were not met.

However, Mah Sing said it would explore options to move ahead on this. The project is a niche development – M Sentral -- with an estimated gross development value of RM900 million and it is part of the RM9-billion 58 acre riverside urban regeneration project.

Discussion heats up on Pekeliling
By JAROD LIM | The StarMetro | Monday July 15, 2013 MYT 7:29:48 AM
http://www.thestar.com.my/News/Community/2...xed-reacti.aspx


THE decision to redevelop the Tunku Abdul Rahman Flats (Pekeliling Flats) into a commercial centre has received mixed reactions from the public.

Titiwangsa MP Datuk Johari Abdul Ghani has urged the Government to consider redeveloping the flats into an affordable housing scheme instead.

In its former glory: When the Pekeliling Flats, or Tunku Abdul Rahman Flats, opened in 1969 in Kuala Lumpur, they were considered posh highrise living for lucky urbanites. Now discussion rages on what to do with the land. - filepic

He told StarMetro that there was a pressing need for affordable housing for city folks.

“There are too many commercial centres in Kuala Lumpur and land is becoming scarce.

“The location is suitable for housing as it is easily accessible, with a bus terminal and monorail station nearby,” he said.

It was reported by a local news agency recently that Johari had questioned the redevelopment of Pekeliling Flats in Dewan Rakyat recently.

He had asked whether the site could be used to build PPR units or for 1Malaysia People’s Housing programme.

In reply, Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor, said the location was more suitable for a commercial centre and would help boost the country’s economy in line with Kuala Lumpur Draft Plan 2020.

Johari said the Government should focus on providing residents with better and affordable housing.

He said the flats were on government land and not awarded to any private company yet.

National Housebuyers Association (HBA) secretary-general Chang Kim Loong, however, is supportive of the move to redevelop the flats into a commercial centre.

He said the location was not suitable for families as it was too near the town centre.

“It is not a conducive environment for children as it lacks basic amenities and they will be exposed to noise and air pollution as it is near a main road.

“I hope the Government will ensure sufficient housing in a suitable location for the people in view of the redevelopment project,” he said, urging the Government to expedite the project.

Non-governmental organisation Permas president Tan Jo Hann said the Government should look into upgrading existing flats before building new ones.

“There are still vacant units in some of the PPR flats and the Government should look into filling them first,” he said.

The Pekeliling flats were one of the earliest housing projects in Kuala Lumpur, with 11 blocks of flats built between 1964 and 1967.

Previous news reports had said the area would be redeveloped into a housing and commercial project called Taman Sari and was part of the Government’s urban renewal efforts to provide residents with better housing and living conditions.

Privatisation and redevelopment plans for the flats were announced in early 1995 and an estimated 8,000 to 12,000 residents were relocated in two phases.

At the end of 2005, Government-appointed developer Asie Sdn Bhd began demolishing Block A and B after most of the residents from the 11 blocks moved out, mostly to the Taman Sri Rampai flats in Setapak.

The 45-year-old building, which was supposed to have been demolished in early 2010, has been left to rot due to a legal tussle.

This was a proposal by Mah Sing last time. Hope you enjoy this posting.


Source: http://www.intl-ds.com/


















The design intends to recreate an Oasis of tranquility in the cityscape, by employing thoughtful and strategic zoning to avoid the modern ills faced by developed cities, as well as setting a new layout to the actual area.

The free wave forms of the buildings refers to a mixture between modern and vanguards architecture creating in this way unique sculpture standing buildings.

The Wave shows pure and clean lines to generate organic curve forms, which are elegant and soothing.

Zoning for the different buildings have been carefully considered to enable beautiful views and also avoiding overlooking into other units.

The overall undulating platform level was set up at 20m above street level to set up a new ground level hiding in this way, the existing old city below, as well as keeping people away from pollution, traffic congestion, and carbon monoxide.

The incorporation of nature is one of its most important features. The proposal carries its nature heart openly. It has long skyline gardens and playgrounds as one of its main themes representing the development and its future.

Green spaces, ecology of landscaped areas and parks gardens are for the community to use passively.

The River is to be revitalized as well, and it will be of upmost importance to the city. It will flow into the site and will bring the most spectacular aquatic wildlife.

The new and poetic interpretation of the relationship between ground and water, architecture and landscape architecture, is clearly evident. The design also creates a microcosm of the world made up of water and ground.

Taman Sari can be resumed as an unprecedented development that will set up a new way of living. Retail, restaurants, shopping and entertainment uses will act as a magnet, drawing residents in the neighborhood to the site at all hours of the day.

The mixed use concept means that people can live, work, shop and find entertainment in one location, a true microcosm of a city “a city within a city”. The project will enhance people lives in many ways and will rice standards of living.

High-class and medium-class professional people will be attracted by the enormous spectrum of activities, leisure facilities and ambient created around this charming development.

Taman Sari The Wave, has fused the old with the future, the nonchalant area with the ambition of growing into one of the biggest connection Hub in KL.

Mass Transit City will connect the area with main points of the city, allowing people to have quick access to different locations.

“TAMAN SARI WILL CLEAR THE OLD, TO MAKE WAY TO THE FUTURE…”

Back to the landowner who is Asie Sdn Bhd. Jia lat...

If not mistaken, it's MRT.

Yes correct.

by JeebCheras



Giat dibina Stesen MRT Titiwangsa