QUOTE(HELLO HELLO @ Jul 9 2014, 06:01 AM)
They said 25% done. I no touch on this. Dont like it. Too normal. Just went kepoh. When launch day. I busy makan fried prawns. While pipu inside fight for the good unit.
Ya... bad news.... Developer going to sell off the shop lots units below. Sibeh jialat..
For good news is far east bought over the oug plaza. N going to demolish it to redevelop.
Leading developer Far East Organization will embark on an integrated lifestyle mixed development in Kuala Lumpur, Malaysia.
A new integrated lifestyle mixed development is slated to rise in three years time on a commercial site in Old Klang Road, Kuala Lumpur. The project will be undertaken by Far East Organization (FEO), which has completed a feasibility study to determine the best product mix for the area.
Said CEO Chia Boon Kuah, “Old Klang Road is more developed today with the highways and other infrastructure. We think it is time to uplift the property market there and maximise its potential. But all these are still in the air. We have to wait for the lease held by the current tenants to expire in two years.”
FEO plans to redevelop the site to include high-rise condominiums targeted at the upper-middle income group. There will also be retail components, as well as a four-star hotel or serviced residences. The group is also studying the area’s potential for medical suites.
Chia added that FEO is open to partnering Malaysian developers for joint ventures. “We are not an active player in Malaysia and our feel of the market is not so good. So we want to remain cautious. We have land in Malaysia through an associate company, Yeo Hiap Seng Ltd, but the development plans are long term,” he said.
In addition, FEO is also currently redeveloping Plaza Atrium in Lorong P. Ramlee, a 24-storey commercial block next to Menara Pan Global, Menara SMI and Wisma Kim Seah. The property was built in 1984.
In 2005, FEO applied to redevelop Plaza Atrium into a serviced apartment block and add a new 34-storey residential block housing 109 luxury units. Chia commented that work on the project was progressing satisfactorily.
“We are bullish on the hospitality market. We will look out for interesting properties to own, to enter into a joint venture or manage in Malaysia, Vietnam and Indonesia while increasing our portfolio in Singapore,” he added.