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Investment 8 CONLAY | KEMPINSKI HOTEL & RESIDENCES, Europe's Oldest All Luxury Hotelier

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davwon
post Jul 1 2023, 07:58 AM

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https://www.edgeprop.my/content/1906512/con...80%99s-8-conlay

Conlay Construction appointed as main contractor for KSK Land’s 8 Conlay
EdgeProp.my June 30, 2023 | Updated 19 hours ago


“The much-considered decision to appoint CCSB as 8 Conlay’s new main contractor was made looking towards the future, and at our commitment to complete the project in the shortest time possible without compromising on quality,” said Joanne Kua, CEO of KSK Group and managing director of KSK Land.
KUALA LUMPUR (June 30): Conlay Construction Sdn Bhd (CCSB) is the new main contractor for KSK Land Sdn Bhd’s flagship 8 Conlay development.

According to a media release by the KSK Group, a Letter of Award was (LOA) signed between Damai City Sdn Bhd (Damai City), a wholly owned subsidiary of KSK Land, and CCSB on June 12, “after a period of pre-construction and operations mobilisation planning as well as site surveys last month”.


As of June 26, “CCSB started mobilising their site team, along with key sub-contractors, with the majority of machinery and equipment needed moved into the 8 Conlay construction site”.

“The much-considered decision to appoint CCSB as 8 Conlay’s new main contractor was made looking towards the future, and at our commitment to complete the project in the shortest time possible without compromising on quality,” said Joanne Kua, CEO of KSK Group and managing director of KSK Land.

“We have confidence in CCSB’s excellent track record and our shared understanding of the challenges as well as needs of a property developer, especially from the buyers’ or clients’ perspectives,” she added.

“We are pleased to be appointed the main contractor for this prestigious project. We will work together with KSK Land, its consultants and stakeholders, so that the 8 Conlay project can be completed successfully,” said Leong Soon Kiong, chief operating officer of CCSB.


“After careful consideration, both parties agreed that a revised timeline of completion is necessary to allow for the standard of quality promised to be delivered following CCSB’s appointment,” stated KSK Group.

The projected timeline for completion for Tower A and the retail podium is now 2Q2024, with Handover of Vacant Possession (HOVP) of Tower A planned for 3Q2024.

“Progress for Tower A of YOO8 is at 61.60% completion, with the main scope of works going forward focusing on its interior.”

Tower B is expected to be completed by 4Q2025, with the HOVP process to start by end 2025.


“Current overall progress for Tower B is at 37.27% completion, and the immediate focus of construction will be on the building’s façade.”

Meanwhile, the construction of the 8 Conlay Kempinski Hotel is expected to be completed by early 2Q2025, with the opening of the hotel planned for 4Q “within the year”.
davwon
post Sep 2 2025, 05:41 PM

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KUALA LUMPUR (Sept 1): KSK Group's maiden property venture — its flagship 8 Conlay project that marks its ambitious pivot from insurance to property development — has been officially put up for sale.

Receivers and managers Adam Primus & Co listed the stalled RM5.4 billion megaproject, located in the heart of Kuala Lumpur, for sale over the weekend. Prospective buyers have until Nov 15 to submit their offers.

The sale is the culmination of over two years of legal disputes and financial impasse between the project owner, KSK Land Sdn Bhd, and its main contractor, GDB Holdings Bhd (KL:GDB). The development's listing for sale marks a disappointing conclusion to what was once a highly touted property debut for KSK Group.

The Edge Market - KSK's Conlay 8 for sale

 

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