Serviced suites, residences, SOVO and retail.

Integrated with Monorail.

"At RM700-900 psf, the developer will not factor in the land price hence I considered it as value for money."

Expecting late 2013-2014.



This post has been edited by accetera: Nov 23 2017, 12:48 AM

The project is the former abandoned Monorail City Jalan-Jalan Xitiandi in Brickfields along the riverbank.


RIVO CITY

(Bina Puri to launch new projects)

Among the first of which is RIVO City in Brickfields, under a public-private partnership with Syarikat Prasarana Negara Bhd.



Work for the mixed development consisting of four high-rise towers on 4.61 acres of leasehold land will commence in 2014. The RM1.29mil GDV project will have 1,660 units of small office versatile office (SOVO), 22 floors of serviced suites, a sky-bridge and a three-storey commercial/retail podium where the proposed new monorail station will be.

“We are finalising the financing method for the development as the concept of this project is unique. Prasarana (the landowner) does not allow us to charge the land,” Tee said.

Bina Puri will price the development at RM700-RM900 per sq ft. It plans to add an access route to the vicinity from the Federal Highway as another selling point.

http://biz.thestar.com.my/news/story.asp?f...29&sec=business

Prasarana doesn't allow Bina Puri to factor in land value... because the land still belongs to Prasarana and Bina Puri did not incur land acquisition cost. Bina Puri is just building upwards only, taking away the sales revenue and allocate back a certain % to Prasarana.

Same kinda deal with Crest Builder, Naza TTDI and TRC Synergy.

>>> Eric Yong mentioned before that if such deal takes place, developers could also develop highrise above institution structures such as LRT stations, police station, balai bomba, taking over TM depot and land, centralizing the Indah Water ponds and building on them. Cool idea.

This post has been edited by accetera: Jun 6 2013, 08:10 PM

Given the tag [Monorail Property]

Titijaya, Bina Puri in tie-up
The StarBiz | Updated: Saturday April 19, 2014 MYT 7:18:00 AM
http://www.thestar.com.my/Business/Busines...-Puri-in-tieup/

PETALING JAYA: Titijaya Land Bhd and Bina Puri Holdings Bhd are collaborating to develop a mixed residential and commercial strata development in Brickfields, Kuala Lumpur.

In their separate filings with Bursa Malaysia, Titijaya and Bina Puri’s wholly owned subsidiary Bina Puri Construction Sdn Bhd said the project would be undertaken by their joint-venture company, Prosperous Hectares Sdn Bhd (PHSB).

PHSB, which is involved in property development, is now the wholly-owned subsidiary of Titijaya.

Proposed Riviera @ Sentral (Bina Puri jv Titijaya Land)




CADANGAN PEMBANGUNAN BERCAMPUR YANG TERDIRI DARIPADA:- i. MENARA 1  PANGSAPURI SERVIS 45 TINGKAT ii. MENARA 2  PANGSAPURI SERVIS 45 TINGKAT iii. 1 TINGKAT KEMUDAHAN REKREASI ARAS BUMBUNG MENARA 1&2 iv. MENARA 3 SUIT PEJABAT 41 TINGKAT v. MENARA 4  PEJABAT 24 TINGKAT DI ATAS PODIUM YANG TERDIRI DARIPADA:- i. 1 TINGKAT KEMUDAHAN REKREASI ii. 7 TINGKAT PODIUM TEMPAT LETAK KERETA ARAS BAWAH TANAH iii. 1 TINGKAT LOBI DAN RUANG KOMERSIL ARAS TANAH iv. 1 TINGKAT RUANG KOMERSIAL DAN TEMPAT LETAK KERETA ARAS BAWAH TANAH BERSAMA 1 TINGKAT RUANG TEMPAT LETAK KERETA ARAS BASEMEN DI ATAS SEBAHAGIAN LOT 1233 (PT10), SEKSYEN 69, JALAN SULTAN ABDUL SAMD, BRICKFIELD, KUALA LUMPUR

TETUAN BINAPURI DEVELOPMENT SDN BHD

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=545303&S=S

Launching end year or next year.

Wat monorail project?

Next year...

54 storeys. Phase 1.

Now Riveria City.

The mock up unit is still the one at Subang Courtyard mall?

Yes