FULL Story >>> http://www.ptlm.com.my/index.php/component...on-of-ikea-boom

It was reported in a business publication this week that plans are underway to build two or three towers that will sit directly above the fringe of the rooftop carpark of the MyTOWN Shopping Centre project.

The MyTOWN project in Cochrane, Cheras in Kuala Lumpur is being developed by Boustead Ikano Sdn Bhd (BISB), a 50:50 joint venture between Boustead Holdings Bhd and Ikano Pte Ltd.

Boustead is a government-linked company in Malaysia with a diversified interests in six primary sectors. Singapore-based Ikano Pte Ltd owns and operates IKEA stores in Southeast Asia and under the franchise rights from IKEA System BV. It operates as a subsidiary of Ikano S.A., a privately held international group of companies owned by the founding family of IKEA.

According to the business publication, BISB has provided for structural and infrastructure requirements for a total of three towers in the planning of the shopping centre as it decides whether to build two service apartment towers and one hotel tower, or two service apartment towers and one office tower, or to build only two towers.

The masterplan of the project is being finalised, including the detailed planning of the right product in order to serve the expectations of property buyers in the next three years.

With the addition of residential and commercial components, the entire masterplan will have a gross development value (GDV) in excess of RM3 billion.

- See more at: http://www.ptlm.com.my/index.php/component...h.bgAL6wXn.dpuf

How big is both Ikea and MyTown? 20 acres with GDV of 3bil?

Since so many of you guys parked here, I'm pretty sure the traffic around here will be very jam

cheras is very congested. this is only the matter of sooner or later only

Oklar . Parking my bicycle here also.

This one shall be better investment compare to the park bk jalil.

boss why here btr..on a side noote this mall is really a WOW mall..

pricing here if below 1kpsf then OK lor..

Is The Curve doing well and very WOW?

agreed totally

mind sharing the reason why u say better investment?

Replicate The Curve?

fnb well non fnb doubt so haha.. but this 1 we have d list.. it has many names to bring in the crowds..


sometimes we cnt use past.. see sunwai did their magiv with piramid n now even velocity cnt be saved whrby a few of their key anchor tenants pulled out n opening in mytowns

Near klcity, near trx, near underground mrt1, near trec (zouk), Near big malls and near ikea. Near RSGCC Royal selangor golf club, Near prince court hospital, near manyak big office towers especially big office tower/ embassy along Jalan tun Razak most mrt boleh Sampai or just short drive.

This post has been edited by HELLO HELLO: Nov 14 2015, 11:43 PM

When will launch ah...?

If confirm 1kpsf, I want to drop out my another booking liao. pocket not deep enough.

While waiting for details again, if you are Boustead will you launch this project first or 482?
Whichever the first launched project, will its psf lower, equal or higher than velocity?
You opinion please.

1 cochrane also delay very long since few years ago. So both keep delay lor.
Should be around the same with velocity in terms of psf. They are developer who more humble Compare to Sunway. Isn't it

pyramid now and pyramid 15 yrs ago is a totally diff stories
pyramid did not do well at all in first 5-8 yrs

velocity is supposed to be the main show
due to greediness JC go grab Putra...... now 2 sides also tak sampai
look at the oversize KT running those malls....gv me a break... pls get someone presentable and stylish to run the show at least!!

This post has been edited by Donald Trump: Nov 15 2015, 11:08 AM

Wat is the price psf?

and big supply of population hungry for malls

My thinking is that Mytown and Velocity malls are having head to head battle now. Boustead will not under estimate Sunway and put its resources in getting great tenants to "counter" Velocity.

The mall battling will take place for a while...So my guess is that the launching of Boustead service apartment, will not be that soon..correct me if l am wrong ..