BBB💰💰💰🎈🎈🎈📈📈📈🎱🎱🎱

this one will go ahead or not?
it's one of the project that might get shelved due to budget deficit

https://forum.lowyat.net/topic/1444739/+280

i think tun razak exchange project has started but just really slow

Indonesian conglomerate Rajawali Group shot down speculation that the group will invest in the controversial Tun Razak Exchange (TRX), which is owned by the debt-laden 1MDB.

“I am not interested in TRX,” said Peter Sondakh, the chairman and chief executive officer of Rajawali Group.

“We have enough property business in Malaysia and our portfolio for property is fully-utilised. We have no more funds for property in Malaysia. Maybe other things, but not property,” he said as reported by StarBiz today.

TRX project came under spotlight when Lembaga Tabung Haji paid RM188 million for a piece of land from 1MDB which bought the 70 acres site for merely RM4.5 million.

On May 9, Prime Minister Najib Abdul Razak had advised Tabung Haji to sell the land, but the pilgrim fund has yet to make an announcement whether it has secured a buyer.

Rajawali to build luxury hotel in Langkawi

Last month, 1MDB inked a sale and purchase agreement with Indonesian developer Mulia Group to undertake the Signature Tower project at TRX.

The market began to talk about the Indonesian billionaire that he will be roped in to invest in TRX after a proposed deal between Rajawali and Felda Global Ventures Bhd (FGV) was announced last week, it was reported.

In the proposed deal, FGV will pay US$680 million (RM2.55 billion) to acquire a 37 percent stake in PT Eagle High Plantations, which is owned by Rajawali.

Rajawali also owns Westin Langkawi Resort and Spa and Sheraton Imperial Hotel in Kuala Lumpur, and the group was invited by the Finance Ministry to build a luxury hotel in Langkawi.

Nexgram keen on buying 1MDB's TRX Land
http://www.thestar.com.my/Business/Busines...Land/?style=biz

Wonder why the GLC developers don't want to buy TRX land. If SP Setia can develop that piece of land, it sure boom

lol it's like giving more ammo to opp parties to attack jibby

Can some one recall who Are the buyer for tabung haji trx land?

Affin buys land in TRX for RM255 mil to house new HQ

According to Affin Bank managing director and chief executive officer Kamarul Ariffin Mohd Jamil, the purchase price of RM255 million means that the price per gross floor area would be RM309.67 per sq ft, while the plot ratio will be 15.2 times.

http://www.theedgemarkets.com/my/article/a...hq?type=Markets

This post has been edited by nexona88: Aug 10 2015, 06:16 PM

As usual, Affin (owned by LTAT) assist 1MDB as n when possible

good location but bad people to own it...

as well they just sold or JV with big conglomerate / developer like Eco World or Singapore company. if not sooner and later become white elephant.

remember our Plaza Rakyat that being hit during 1997 crisis ?

IMDB just do not have the capability to undertake, especially when bad time (now) come.

would EW want to JV considering a lot of "issues" / Controversy related to the Land

EW now already busy scratching head in how to develop BBCC

http://www.malaysiandigest.com/frontpage/2...t-of-sense.html

RM255mil for 54,266sf land
what does that tells ya? RM4,700psf

estimated RM300mil for development, designing, tendering, construction of gross floor area 823,439sf tower.
what does that tells ya? RM364psf of gross area.

so actual total in the region of RM255mil + RM300mil = RM555mil for 823,439sf tower.
what does that tells ya? RM674psf of gross area

assuming 75% efficiency overall, translate to RM900psf of net lettable area.

what kochin thinks (not that it matters)?
land price itself even though with approved DO is way overpriced. at RM4,700psf, they could have bought similiar building at KLCC. take lai meng school for example which is available for sale.

and gut feel tells me the designing, development, tender and construction of RM300mil would likely be increased multiple folds. and factor in time cost and financing cost, the cost per lettable area would well go beyond RM1,000psf.

frankly if they can afford to splurge RM1,000psf on lettable area, might as well buy off the shelf and enjoy immediate occupancy lah.

This land better than Lai Meng. Here got Mrt 1 and 2 just below. RSCG park just opposite.

Brother, gone are the days where it only costs RM370psf on gross for building cost, professional fees, finance charges and development profits.
Take 25% as land cost & infra cost, it may costs about RM1,600psf net to have presence in the Wall St of Malaysia. And of course like BFM put it, you need an insider to convince someone to pay that price, and it is Lodin in this case.

WCT Group is buying a plot of 1.7-acre residential land in TRX. The plot of land WCT is purchasing will cost RM233 million, or about RM3,100 per square feet. The proposed residential development would have an estimated gross development value of RM1.1bil.



This post has been edited by nexona88: Oct 19 2015, 10:53 PM

MULIA SIGNATURE TOWER @ TRX, NO. 15 Tallest Building In The World

- The concrete pour, estimated to be among the largest recorded globally, involved 8.5 million kg of cement, 16 million kg of sand and 19 million kg of aggregate

- The Signature Tower, with a gross development value (GDV) of more than RM3.5bil, will have 92 storeys of column-free floors each averaging 34,000 sq ft, the largest configuration of column-free floor space in the city. It will have a gross floor area of 4 million sq ft and a net lettable area of 2.65 million sq ft.

http://www.thestar.com.my/business/busines...signature-mark/