Wednesday, April 27, 2016

The Basement Club - KL's new iconic super club

By Sharen Kaur
Pix from The Basement KL Facebook page (@Hitman Solutions)


Kuala Lumpur's night-life is legendary and for good reason!

The city is buzzing almost every night and if you are lucky you could find an underground joint called The Basement Club KL.

Basement Club is one of the most high profile recent openings in Kuala Lumpur city centre and has created a buzz right across the city.

The club has plenty of charm and personality, as well as amazing sound and lighting system. It is an awe inspiring place!

The grand opening was on Saturday, March 5th this year, and attended by corporate, friends and families.

(The Basement Club KL)

(Dance Floor)

(The entrance)
The club is owned by three low-profile businessmen, two of whom have been in the entertainment industry for over 15 years.

It is located at the lower ground floor, Heritage House on Jalan Yap Ah Shak (exactly behind Sheraton Imperial KL Hotel) and has attracted revellers from near and far.

You can find all kinds of musical movement from Top 40s, R&B to hip hop beats and the classic Bollywood charm that makes Basement Club the most premier clubbing destination in Kuala Lumpur.

One Facebook fan called Basement Club "a glorious club in Kuala Lumpur".

Another said, "it is going to be a hit."

Barely two months into the opening, Basement Club has already hosted a handful of events and several more are in the pipeline for the rest of this year.

Last month the club presented British-Indian H Dhami with his brand new single " Clap It " produced by The PropheC to a crowd of over 200.


(Selfie time)
                                                             
(H Dhami's amazing performance at Basement Club)



H-Dhami is the son of Palvinder Dhami, lead singer of the 1980s prominent Bhangra group Heera Group UK. The 34-year-old singer released his début album "Sadke Java" in 2007 and won "Best Newcomer" at the 2008 UK Asian Music Awards.

On April 15 another big event dubbed "Aaja Nachle" had crowded the club, giving many the opportunity to be either an actor, singer or dancer.

Several hidden talents were identified and hopefully the event would be a platform for them to make a mark in the entertainment industry.

While events are expected to be a monthly affair, Basement Club has something everyday for everybody.

Thursday is Ladies Night with Free Selected Cocktails until 12 Midnight and Special Bar Promotions. It is also the night to groove with some sexy R&B music and Bollywood songs.

(Ladies Nite)

Friday is party time with some neighbourhood DJs on the deck with non-stop entertainment all night long. Themed "Freaky Fridays", the club will help you relief your stress with Crazy Bar Promotions on selected drinks.

(Grooving to the beat)

Its "Dress to Impress" on Saturday with "Sexylicious" songs ranging from Top 40s, international to Bollywood, and Crazy bar promotion all night long.

(Saturday Nite Fever)

Basement Club's drinks' menu features some of the very best  cocktails, mocktails, beers, wines, champagnes and spirits including fine Vodka and Whisky with competitive pricing strategy.

(Time to wine and dine)
It also serves amazing bites such as Chicken Varuval but soon it will have a fully-fitted kitchen serving piping hot local and western cuisine as well as Northern Indian delicacies.

Basically, this means that revellers can enjoy both food and drinks, coupled with music and entertainment under one roof.

But that is not all that is happening at Basement Club which also has a private Karaoke room but you have to book early to avoid disappointment. You can order your food and drinks from the menu and stay all night till closing.

The Basement Club KL will be opened six days a week (except Mondays) from 6pm until 2am.

The next big event is on Mother's Day, May 8. For RM50 per adult (kids RM25) this charming new place will serve a wonderful spread of local and Punjabi delicacies. It will be a fun day with free Henna art, make-up demo, games and Fashion Show with prizes to be won.



The place is becoming a hot spot for corporate events and private parties thanks to the fact that the owners are also involved in event management.

If you need to book the place for private functions or to RSVP call 012-2847778 / 016-3332385 / 012-2063535.

  /ends

Monday, April 25, 2016

Ijok: Eco World's new growth area

By Sharen Kaur
Published in NST, February 8 2016

A WELL-coordinated infrastructure and more-than-usual number of recreational amenities like parks, lakes, bike paths and jogging trails are among the key attributes of a successful project.
 
  If the township is in an isolated area that lacks transportation links or is far from highly-populated locations, find out who the developer is.
 
  If it is a reputable builder known for turning around an undeveloped area, then the next thing to do is check your bank balance and status for loan application.
 
  Eco World Development Group Bhd will be launching several projects in Ijok, a satellite town in Kuala Selangor, which is famous for Bukit Melawati, fireflies and seafood.
 
  Ijok is located between Sungai Buloh and Kuala Selangor and accessible via major roads and highways such as the Latar Expressway, North-South Expressway and Guthrie Corridor Expressway.
 
  Five months ago, Eco World said it was buying 26 parcels of leasehold land measuring 880ha in Ijok for RM1.181 billion. The land is located about 45km from the Kuala Lumpur city centre, 40km from Petaling Jaya city centre and 18km from Sungai Buloh town centre.
 
  The company is planning a self-contained township with a gross development value (GDV) of about RM15 billion over a 15-year period. The GDV target is based on preliminary management estimates and it can increase depending on the product offering.
 
  The group plans three projects for the land. The first is a 560ha mixed-eco township to be known as Eco Gardens. It will have landed and high-rise residential homes, among others.
 
  The other two projects are a 207.2ha integrated gated industrial hub, which will be known as Eco Business Park V, and a 112ha development featuring affordable homes, to be known as Laman Indah.
 
  Eco World chairman Tan Sri Liew Kee Sin said the concept for Eco Gardens would be similar to the Eco Majestic project in Semenyih, which is in line with the group's vision of eco-living.
 
  Spread over 436ha, Eco Majestic is designed around a colonial theme. Some 60ha of the total land has been dedicated for a commercial hub and 40ha for green zones and recreational sites.
 
  Eco Majestic will be one of the largest, fully-gated and guarded townships in Malaysia with a GDV of RM11 billion. It will consist of residential (link, semi-detached and cluster houses, bungalows and low- and medium-cost apartments) and commercial properties.
 
  Eco World launched the first phase of Eco Majestic in June 2014, offering 612 units of terraced homes, with prices starting from RM586,000.
 
  While prices have not been fixed for the projects in Ijok, one can expect an average house to be in the RM300,000-RM400,000 range.
 
  "While the concept would be the same as Eco Majestic, we are going to build more starter homes or entry-level houses for young people in Eco Gardens. We are able to build more affordable homes in Ijok because the land cost is cheaper. It is only RM12 per sq ft (psf) compared with Eco Majestic's land cost of RM50 psf," he told Property Times.
 
  Liew said Eco World picked Ijok as a new growth area, just like Semenyih (Eco Majestic project) and Telok Panglima Garang (Eco Sanctuary), because of the scarcity of land in prime locations.
 
  "Townships need land. There is no more large parcels of land in Petaling Jaya or Shah Alam, so we have to venture further out and we look at areas with infrastructure. It may not be the best infrastructure, but we can build from there.
 
  "For example, in Eco Majestic, we are building our own interchange, which will be ready by July this year.
 
  "Similarly in Ijok, if we can get the land, we will connect the area to the highways. Planning is very important. A well-planned township will garner the desirable sales target," he said.
 
  Liew said the completion of the Ijok land acquisitions was pending the first settlement between the land owners and the state government.
 
  "There is a court case and Eco World was invited as the white knight to resolve the financial issues to ensure that the settlers, around 800 of them, are paid as their houses are demolished.
 
  "Both the state government and the land owners must first resolve the issue and then we can come to a deal. Our deal is conditional upon the settlement of this issue. Right now we are not the owners of the land. We can only do the planning," he said.
 
  Liew, who was formerly the president and chief executive officer of SP Setia Bhd, is known for picking land parcels in areas that no other developers would dare to go to due to reasons such as poor infrastructure.
 
  He was once criticised for buying North Hummock Estate, which was owned by the family-controlled See Hoy Chan Group in Shah Alam/Klang for RM600 million in cash.
 
  Liew bought the land through SP Setia in 2002 to develop Setia Alam and Setia Eco Park. Phase 1 of Setia Alam was launched in 2004.
 
  "People were afraid to buy the land because there was no proper infrastructure and it was also quite a distance from the Kuala Lumpur city centre. When we launched Setia Alam, the GDV was RM5 billion. We built the infrastructure including a flyover. Now, 14 years later, the GDV has ballooned to RM25 billion and it has won a slew of awards," he said said.


Massive makeover for Kampong Bharu

By Sharen Kaur
Published in NST, February 15 2016

KUALA LUMPUR: THE redevelopment of Kampong Bharu will spearhead Malaysia's plan to make Kuala Lumpur a liveable city by 2020 and on par with Singapore.
 
  Kampong Bharu, which according to Kampong Bharu Development Corp (KBDC) chairman Datuk Affendi Zahari is how it should be spelt, will undergo a massive makeover in the next 20 years.
 
  The Kampong Bharu Detailed Development Masterplan (PITPKB), launched in January 2015, spells out the Kampong Bharu rejuvenation process which involves a RM43 billion spending over 20 years.
 
  During this period, around 7.3 million square metres of residential and commercial developments would be established, generating more than RM60 billion in gross development value (GDV).
 

  Speaking to Property Times, Affendi said the Kampong Bharu master plan will look at iconic structures that will come close to the 40ha KLCC development in the central business district of Kuala Lumpur.
 
  "I like the idea of making Kampong Bharu a liveable city. Singapore is a good example... it has one of the best master plans in the world. We are also looking at the KLCC development, which had placed Malaysia on the world map with their outstanding structures," said Affendi.
 
  The KLCC area encompasses the iconic Petronas Twin Towers, Menara ExxonMobil, Menara 3 Petronas, Suria KLCC and a landscape park with water features.
 
  It is a landmark of Prime A-Class offices, premier retail, four- to five- star hotels, luxury residences, MICE (meetings, incentives, convention and exhibition facilities) and world-class entertainment fronting the lush KLCC park.
 
  Affendi said in order to ensure that the development of Kampong Bharu is equally a success, the original PITPKB has been tweaked to encourage investments and to benefit the land owners.
 
  "When the master plan was first launched, the business model was different. There would be a special purpose vehicle which would enter into an agreement with the land owners and buy up the entire area and then undertake a master development. When I took over KBDC in August 2015, we decided to introduce a new business model which would benefit land owners and encourage investments.
 
  "Kampong Bharu is a brownfield site with small land owners. We are encouraging them to come together and sell their land, or develop it and unlock the value. We are asking them to approach us so we could find reputable developers to help them develop their land. We are there not as a middle man but to facilitate the development activities.
 
  "We have started this process and are talking to several local developers to see how they can help the Kampong Bharu people unlock the value of their land. This is not easy as there are many lots with multiple land owners," he said.
 
  The 116-year-old Kampong Bharu has a total land area of 120ha, most of which is owned by individual owners, who acquired small plots in early 1900s. The land is divided into 1,355 lots with around 5,300 registered owners. Of the total 1,355 lots, around 88 per cent, or 1,193 lots, measure less than 11,840 sq ft or 0.11ha each.
 
  The current Kampong Bharu landscape comprises seven villages, Chow Kit, Sungai Bharu and the PKNS flats. The seven villages are Kampung Periok and Kampung Hujung Pasir, of which villagers are from Malaccan descendants; Kampung Masjid (Rawa); Kampung Paya (majority Javanese); Kampung Atas A and Kampung Atas B (mixture of Mandailing and Minangkabau); and Kampung Pindah (Malaccan and Javanese descendants).
 
  Among the iconic structures that still stand today from yesteryears are the Sultan Suleiman Club, Masjid Jamek Kampung Baru, Masjid Pakistan, Gurdwara Tatt Khalsa (Sikh temple) and several rows of sundry shops. The Sultan Suleiman Club opened in 1909, but its original structure has been turned into a museum while the adjacent Sultan Suleiman building, which was rebuilt in 1969, is now used for commercial purposes.
 
  Kampong Bharu saw its first major facelift around 1967, spearheaded by the Selangor State Development Corp (PKNS). In the 1970s, UDA Holdings Bhd and the Federal Government embarked on a plan to build several rows of shop offices to accommodate demand from traders and businessmen. Since then, there has been no further major developments in Kampong Bharu.
 
  "Although we have tweaked the master plan for Kampong Bharu, we will remain focused on preserving its cultural elements, building green projects with parks and water features and a sustainable development. There will now be two zones (Zone A and B) for development instead of three previously," he said.
 
  Zone A is the lot amalgamation for individually owned land whereby at least six lots, or a minimum of 2,787sq m, would be merged for the development of Grade A buildings.
 
  Zone B is planned for the Business Improvement District Scheme, where existing infrastructure, facilities and environment will be upgraded to act as a catalyst for more vibrant and active business activities.
 
  He said the catalyst for the development of Kampong Bharu will be the Kampong Bharu City Centre (KBCC).
 
  "KBCC is part of the new master plan and it will comprise offices, hotels and other facilities," he said.
 
  The bulk of the RM43 billion spending is for infrastructure development to provide easy access in and out of Kampong Bharu.
 
  "We plan to build a link from the KLCC area into Kampong Bharu. We are naming it Saloma link only because it will be built in Lorong Saloma. We are also planning to build a ramp starting from Lorong Saloma heading towards Akleh (Ampang-Kuala Lumpur Elevated Highway).
 
  "The ramp would terminate over the other side of Akleh into Sungai Bharu. That is how we want to draw people from KLCC into Kampong Bharu and vice versa. There will be improved infrastructures such as expanded roads and drainage system," he said.
 
  There are around 15 ongoing projects in Kampong Bharu undertaken by Yayasan Pembangunan Economic Islam Malaysia, Majlis Agama Islam Malaysia, Arina Development Unity Sdn Bhd, Safuan Group and UDA.
 
  UDA was one of few developers which took initiatives to help rejuvenate Kampong Bharu.
 
  It has a RM500 million mixed development comprising 48 business units and 643 condominiums and a 30-storey office tower.

I-Berhad on the high ground

By Sharen Kaur
Published in NST, March 5 2016

SHAH ALAM: TAN Sri Lim Kim Hong, the self-made entrepreneur responsible for building the iconic i-City integrated development, here, via Main Market-listed I-Berhad, is set to make his mark in the heart of Kuala Lumpur.
 
  The 64-year-old businessman, who does not tire easily despite his age, is undertaking a new project in Kuala Lumpur city centre called 8Kia Peng, which has been dubbed "King of the Hill".
 
  8Kia Peng is a RM1 billion luxury residential project sited on 0.44ha of prime land at the hill of Changkat Kia Peng off Jalan Kia Peng in Kuala Lumpur, which was once home to Lim and his family.
 

  Lim, who made his money through several businesses over the years, had lived in a bungalow there for over 30 years.
 
  He decided to vacate the premises to make way for the luxury project in order to share the place's good feng shui and its prestigious neighbourhood with others.
 
  8Kia Peng, which is the first luxury project by I-Berhad, will be unveiled on March 14.
 
  The bungalow owned by Lim has been demolished. Construction of the tower has started and it is targeted to be completed by end-2019 with handing-over of keys to buyers expected in early 2020.
 
  8Kia Peng has been dubbed "King of the Hill" for two reasons - for its historical essence and because of the site's terrain that is on higher ground than others.
 
  Historically, the location has always been associated with class, elegance and prestige. Jalan Kia Peng pays tribute to one of the city's most illustrious figures, Choo Kia Peng (it is a surname shared by the first emperor of Ming Dynasty China Zhang who rebuilt the Great Wall of China along high mountain passes), and was once home to many Malaysian elites, including the country's founding father, the late Tunku Abdul Rahman.
 
  The higher ground where 8Kia Peng is situated gives it the advantage of a commanding skyline of the Kuala Lumpur city centre. Its lowest residential unit, at Level 9, is 56m elevated from the main road of Jalan Kia Peng (which is equivalent to Level 18 of a typical tower).
 
  Additionally, although 8Kia Peng is tucked in a quiet and private enclave, it is only within five minutes' walk from the hustle and bustle of the city, which is home to international five-star hotels like Grand Hyatt and Mandarin Hotel, shopping malls that include Pavilion and Suria KLCC, the KL Convention Centre as well as Grade A office towers such as Petronas Twin Towers and the Prince Court Medical Centre.
 
  The freehold development will feature a 50-storey tower with 442 luxury residential units ranging from 716 sq ft to 987 sq ft each, which are fully fitted and furnished making it the first residential development around the KLCC area to offer such ready-to-move-in luxury. The interior design would be both modern and contemporary that suits the global community.
 
  The tower would also be the first in the location to comply with the Construction Quality Assessment System (Conquas), a Singapore standard, and would be a benchmark to other international developments.
 
  With a selling price from RM2,300 per sq ft (psf), 8Kia Peng is poised to set a new standard in luxury living as well as change the city's landscape.
 
  The Four Seasons Place, which is next to KLCC, was selling at an average RM2,950 psf, outpacing the RM2,900 psf record held by Binjai on The Park. The Troika, completed in 2010, sold at RM2,500 psf. This could mean that I-Berhad will have no problem selling 8Kia Peng with its current price tag.
 
  The project will have a prestigious five-star hotel lobby with a double- volume ceiling, a sky lounge on Level 46 and47, a recreation centre, a gymnasium and a 50m infinity pool overlooking the KLCC.
 
  Another key feature of the project is that 80 per cent of the units will have direct views of the world famous Petronas Twin Towers and located within the golden triangle and in Zone 1 of the KLCC.
 
  Zone 1 is where luxury residences like One KL, The Troika, Marc Residences, Park Seven, Stonor Park, The Binjai on the Park, The Oval, Platinum Park and the ongoing The Four Season Place and The Ruma Hotel & Residences are located.
 
  The Jalan Kia Peng address is famous with landmarks, such as Istana Hinggap of Johor, Kelantan and Terengganu, and also home to several embassies, such as the Philippines, Singapore and Japan.
 
  The layout of the building is designed to optimise the slope where the site is and the surrounding skyline of KLCC. The tower is positioned to ensure that every unit has a view out to the city and it overlooks a 50m infinity pool set in a landscaped deck.
 
  Setiakon Builders Sdn Bhd, which has 20 years of experience and is familiar with the Conquas standard, has been appointed master contractor by I-Berhad to oversee the 8Kia Peng project.
 
  Lim, who started working as an apprentice carpenter at the age of 14, ventured into the manufacturing business of making mattresses in the 1980s. He sold the business years later at a huge profit and used the money to enter into property development.
 
  In 2005, Lim launched i-City, an integrated ultrapolis development with an expected gross development value (GDV) of RM9 billion. It is quickly becoming the "Pulse of Selangor" with a mix of residential, commercial as well as recreational and hospitality assets.
 
  The i-City development, which started off with a GDV of RM1.5 billion, went through many rounds of improvements that included increasing the plot ratio and adding new development concepts as Lim wanted to offer more to buyers.

The allures of Langkawi

By Sharen Kaur
Published in NST, March 7 2016

KUALA LUMPUR: LANGKAWI has seen a drastic increase in new developments with big-ticket players ploughing in billions of ringgit in capital investments to build tourism-related projects and infrastructure.
 
  The largest ongoing project on the island currently is Perdana Quay, an integrated development with a gross development value (GDV) of RM4 billion by Tradewinds Corp Bhd.
 
  Perdana Quay is developing on about 39.04ha site in Pantai Kok-Teluk Burau in the northwest of Langkawi in six phases, and is set to become a new, high-end destination - a contrast from the mid-market and budget-focused locations, namely Pantai Cenang and Kuah Town.
 
  The unveiling of the project master plan and groundbreaking ceremony was officiated at by Prime Minister Datuk Seri Najib Razak in 2014.
 
  When completed in 10 to 12 years, Perdana Quay will have resorts, waterfront holiday villas, lake homes and other luxury residential properties as well as themed attractions.
 
  Tradewinds is eyeing tourists from Asia, Europe and the Middle East - driving tourism in Langkawi.
 
  Other big names, which have invested in Langkawi by way of mega tourism projects, are Khazanah Nasional Bhd and Indonesian group PT Rajawali Corp.
 
  Khazanah, via Themed Attractions and Resorts Sdn Bhd, owns and operates The Datai Langkawi and The Els Club Teluk Datai, and plans to build up its investments there as it is bullish on the island's prospects.
 
  The government strategic investment fund launched in 2010 its Teluk Datai master plan as a reference point for reinvestments into its existing The Datai Langkawi Hotel and other selected pieces of land.
 
  Sarawak-based Sentoria Group Bhd, meanwhile has two developments planned with a GDV of around RM2.1 billion close to the Langkawi International Airport.
 
  It is planning a project called Langkawi Geopark Resort City on a 29.2ha site in Padang Matsirat. The components include a street mall, service suites, corporate suites, water park, hotels and a mall.
 
  It has 20.8ha in Mukim Ulu Melaka and will build a medical village consisting of a medical training centre, medical tourism centre and housing quarters.
 
  Despite all these developments, the Langkawi Development Authority (Lada) said the island needed more hotel rooms as tourist arrivals were expected to increase, despite global uncertainties.
 
  Tourists and visitors, both locals and foreigners, are flocking to Langkawi because of the island's long history and product offering.
 
  In 2007, Unesco officially declared the Langkawi archipelago as one of 94 globally recognised Geoparks from 27 countries to be endorsed for its natural beauty, ecological harmony and archaeological, geological and cultural significance.
 
  Langkawi is the only Unesco geopark in Malaysia.
 
  For many, the legendary island of Langkawi is a pandora's box - when opened layer by layer, new things would be unearthed.
 
  Lada is targeting 3.8 million tourists and visitors this year, comprising an equal proportion of locals and foreigners.
 
  In 2014, there were 3.6 million tourists and visitors in Langkawi and 3.62 million last year.
 
  One of the older hotel operators on the island is Holiday Villa Langkawi, which is operated by Holiday Villa Hotels & Resorts.
 
  The four-star resort, sprawled on about 6ha land, fronting one of the best beaches, Pantai Tengah, enjoys an average occupancy rate of 60 per cent per annum and expects the number to increase with the developments in the island.
 
  It's one of the top 10 island resorts in Langkawi. People stay there because its room rates are reasonable and it is strategically located. It has 258 guest rooms and suites and is designed to cater to overseas and local leisure tourists and also to the incentive and conference market.
 
  Holiday Villa Langkawi is close to many island attractions like Dayang Bunting Marble Geoforest Park, Kilim Karst Geoforest Park, Eagle Square, Mahsuri Tomb, Oriential Village (which houses the Langkawi Sky Cab), Underwater World Langkawi, Langkawi Craft Complex and Langkawi Rice Museum.


  The resort, which has been refurbished also boast of one of the largest swimming pools in Malaysia with a built-in-open-air jacuzzi and the LaVilla pool club and restaurant that overlooks the ocean.
 
  Meanwhile, MK Land Holdings Bhd has also invested more than RM100 million since 2003 to open hotels and resorts in Langkawi, catering to all segments of the market. It opened Langkawi Lagoon Resort in 2003 followed by budget hotel Kuala Melaka Inn, and the up-market Ombak Villa in October 2013.
 
  The focus for MK Land on the island currently is to further develop Ombak Villa and draw more tourists from overseas.
 
  Ombak Villa, built in modern contemporary style, combined with Malay traditional architecture, currently comprises 79 all-suite units facing the Andaman Sea.
 
  Occupancy is about 60 per cent per annum while the average room rate is RM650 a night.
 
  Just like Holiday Villa Langkawi, the MK Land hotels and resorts are also located close to major attractions on the island and five minutes away from the Langkawi International Airport.
 
  Its biggest customers currently are from Asia, including Malaysia, the Middle East and Europe.
 
  Ombak Villa sits on a 4.2ha site, which is part of the 28.3ha of land owned by MK Land.
 
  MK Land has yet to fully develop the 28.3ha land and will plan new developments in the future.

EWI targets assets in northern England

By Sharen Kaur
Published in NST, March 14, 2016

KUALA LUMPUR: ECO World International Bhd (EWI), which plans to sell shares on Bursa Malaysia this year, may acquire assets in northern England.
   
  President and chief executive officer Datuk Teow Leong Seng said EWI had been invited by the UK Trade & Investment to explore development opportunities in Manchester, Leeds, Liverpool and Birmingham.
   
  "We are keeping an open mind. We haven't come to any conclusion, but anything is possible as we are always looking to buy assets, given the right location, product and pricing. It could be a parcel of land, an ongoing development or a regeneration project," he said.
   
  Teoh said EWI was currently busy with its plan to list this year and the three ongoing property projects in London.
   
  EWI hopes to list on the Main Market of Bursa Malaysia by the middle of this year, subject to Securities Commission (SC) processes.
   
  It aims to raise more than RM2 billion to undertake expansion and acquire assets.
   
  The SC has uploaded EWI's prospectus on its website for comments from the public.
   
  In London, EWI is currently developing London City Island Phase 2, Embassy Gardens Phase 2 and Wardian London, and also West Village in Parramatta, Sydney.
   
  The four projects have a combined gross development value of around RM13 billion.
   
  Teoh said despite the current global turmoil, EWI would continue to launch more phases in the three London projects.
   
  "In fact, we are actively launching every month. Between now and December, we will launch another phase in Embassy Gardens, comprising a tower with more than 20 levels. In London City Island and Waridian, we will launch residential towers of between 50 and 55 floors. We are very bullish on prospects and there will be more launches next year," he said.

Penang undersea tunnel to cost slightly more than RM3b, says CZBUCG

By Sharen Kaur
Published in NST, March 14 2016

KUALA LUMPUR: Consortium Zenith BUCG Sdn Bhd (CZBUCG) expects the 7.2km undersea tunnel linking Penang island to the mainland to cost slightly over RM3 billion, with construction to begin in five years.
   
  The undersea tunnel forms part of the RM6.3 billion Penang mega project that also consists of three road construction jobs with a total length of 21.2km.
   
  CZBUCG won the project in October 2013 through an open tender. The consortium's partner for the undersea tunnel works is Beijing-based China Railway Construction Corp Ltd (CRCC).
   
  Meanwhile, the estimated cost for the three roads - Air Itam to Tun Dr Lim Chong Eu, Jalan Tanjung Bungah to Teluk Bahang, and Gurney Drive to Tun Dr Lim Chong Eu - is slightly above RM2 billion. This includes some RM500 million to be reimbursed to the government for land acquisition.
   
  CZBUCG would build the roads first and they were targeted to be completed by 2021 or 2022, said CZBUCG chairman Datuk Zarul Ahmad Mohd Zulkifli.
   
  "It all hinges on how much time we have daily to do the construction. We are estimating six years at the most, if we start in June, to finish building the three roads in stages," he said.
   
  In return for undertaking the Penang mega project, CZBUCG is given 44.5ha of freehold reclaimed land in Tanjung Pinang by the state government.
   
  Zarul said CZBUCG would leverage on the land in Tanjung Pinang with Penang-based Ewein Bhd for funding purposes.
   
  Both CZBUCG and Ewein will plan several projects on the reclaimed land that are estimated to have a gross development value of RM25 billion over 10 years.
   
  A memorandum of understanding was signed last August to develop the first project on 21ha, which is a RM15 billion wellness resort city to be known as "Wellness City of Dreams".
   
  The wellness resort, which is expected to be fully operational by the end of 2020, will have a wellness mall, wellness business and specialist centres, wellness resort and a hotel, further boosting the medical tourism sector in Penang.
   
  Zarul said Ewein would focus on developing the land.
   
  "It is best that we concentrate on construction and project management, while Ewein focuses on developing the land," he said.

Another landmark to uplift KL status

By Sharen Kaur
Published in NST, March 21 2016

KUALA LUMPUR: AN ICONIC structure usually comes with a design that is "ground breaking", such as the Empire State Building in New York, Tower Bridge in London, the Eiffel Tower in Paris, the Sydney Opera House in Australia, Burj Khalifa in Dubai and Taj Mahal in India.
 
  The Eiffel Tower was built between 1887 and 1889 and acted as the entrance arch for the Exposition Universelle, which marked the centennial of the French Revolution.
 
  It was supposed to stand for only 20 years, but became a valuable communications tool and remains in the Paris skyline. A visit to Paris is incomplete without a stop at the Eiffel Tower.
 
  Burj Khalifa, standing at 829.8m, is the tallest structure in the world. The tower, which opened in 2010, is designed to be the centrepiece of a large-scale mixed-use development.
 
  The decision to build Burj Khalifa was reportedly based on the government's decision to diversify from an oil-based economy, and for Dubai to gain international recognition.
 
  Iconic buildings in Kuala Lumpur consist of urban high-rises with cutting edge and futuristic designs. They include the Petronas Twin Towers and Menara KL Tower.
 
  Petronas Twin Towers, at 452m, was once the world's tallest building. It took the world by storm and retained its claim to fame until 2004 when the Taipei 101, at 508m, was built.
 
  The 88-storey Petronas Twin Towers was designed by Cesar Pelli & Associates with both towers connected at the 41st and 42nd floors (175m above street level) by a 58m long double-decker Sky Bridge.
 
  Menara KL Tower was constructed in 1994 and stands at 421m. Its viewing deck, at 276m, is higher than the Sky Bridge at the Petronas Twin Towers.
 
  Prime Minister Datuk Seri Najib Razak said at the launch of Warisan Merdeka, here, last Wednesday iconic buildings help define a city.
 
  He said iconic buildings made a statement about a city's history, its ambition and how it wishes to be seen. It also affects the way people feel about the city and gives citizens a landmark to marvel at and be proud of.
 
  "When someone mentions an iconic tower, what exactly does it mean? What is it that makes a tower 'iconic'? The design? The shape? The story or history that lies behind the development?
 
  "Perhaps, in this case, it may be all of those things. But, it is also the aspiration, the desire for excellence and the determination to build something memorable and lasting, something that can define new Malaysia," he said.
 
  Najib said Warisan Merdeka was a strategic property development project that would play a key role in unlocking and maximising the value of the landbank.
 
  He also said as a new iconic development for Malaysia, the project was expected to add to Kuala Lumpur's attractiveness as an investment and tourist destination.
 
  "This project will preserve two of our great heritage buildings, namely Stadium Merdeka and Stadium Negara, proving that it is entirely possible for modern, contemporary architecture with avant-garde features to co-exist harmoniously with rich, historical buildings, with both the old and the new complementing and enhancing each other.
 
  "At the same time, both domestic and foreign direct investments will be generated through higher value-added activities in the services sector as well as by the redevelopment of surrounding areas that will increase the value of properties within the Warisan Merdeka precinct and Bukit Bintang as well as the Golden Triangle," Najib said.
 
  The Warisan Merdeka mixed development project, here, will be fully completed in 2024 with Phase 1 expected to generate primary and secondary economic multiplier effects of about RM11 billion.
 
  The Permodalan Nasional Bhd (PNB) project would be developed on a 7.69ha site within the enclave of Unesco's World Heritage Site, namely Stadium Merdeka and Stadium Negara.
 
  PNB, which bought the land in 2000 via its subsidiary, PNB Merdeka Ventures Sdn Bhd, would develop the project in three phases.
 
  Phase 1 comprises a iconic 118-storey tower and a seven-storey 900,000 sq ft shopping mall that would be built at a cost of RM5 billion.
 
  The 118-storey tower was renamed Merdeka PNB118 by Najib.
 
  Merdeka PNB118, standing at 630m, will be the tallest tower in Malaysia upon its completion in 2020.
 
  The tower will be home to, among others, a six-star 236-room luxury hotel, 82 floors of offices and a sky lobby.
 
  PNB chairman Tun Ahmad Sarji Abdul Hamid said Merdeka PNB118 was anticipated to be world's fifth-tallest building, and would be listed in the "mega-tall" category along with Burj Khalifa Dubai, Shanghai Tower and Makkah Royal Clock Tower, to name a few.
 
  Merdeka PNB118 will be the first building in Malaysia to have the triple green building platinum accreditations locally and internationally, namely the Green Building Index (GBI), GreenRe, and LEED (Leadership in Energy and Environmental Design).
 
  Besides the green building certifications, it will also be awarded the MSC Malaysia Cyber Centre status.
 
  The tower was designed by world renowned architecture firm Fender Katsalidis Architects (FKA) from Melbourne, Australia.
 
  FKA has been notable since the early 1990s, producing many landmark structures in Melbourne and other Australian cities and also in Southeast Asia.
 
  It also designed Eureka Tower - Melbourne's tallest building and one of the tallest residential buildings in the world.

BRT to have `wow' factor, says Azmi

By Sharen Kaur
Published NST, March 25, 2016

KUALA LUMPUR: THE proposed Bus Rapid Transit (BRT) for the Federal Highway, the busiest highway in the Klang Valley during rush hour, is bound to change travel patterns once it is completed.
 
  Prasarana Malaysia Bhd president and group chief executive officer Datuk Azmi Abdul Aziz said BRT would see a dedicated lane for buses on the Federal Highway, with special dividers separating it from being used by other vehicles.
 
  "We have seen how congested the Federal Highway gets during peak hours. We have identified the pattern. If we didn't do anything about it, the Federal Highway would be one huge car park," the 56-year-old Azmi said in an exclusive interview with the New Straits Times Press.
 
  Azmi, who joined Prasarana on Jan 1 last year, said a working paper on the proposal had been presented to the government, based on the system in Turkey.
 
  "We learned a lot from Istanbul, which has the same route as our Federal Highway. During peak hours, the bus frequency there is (one) every 30 seconds. They ferry 600,000 passengers a day.
 
  "There may be traffic congestion, but the buses still move fast. It also allows areas outside Istanbul to be developed," said Azmi, who has more than 30 years' experience in the public transport industry.
 
  He said an efficient bus system would boost people's confidence in using public transport as an alternative to driving their own cars.
 
  "In the beginning, of course, people will complain about the construction that has to be done, but when it is completed, there will be the 'wow' factor. The Federal Highway will be different and will change travel patterns."
 
  He said the Land Public Transport Commission (SPAD) would issue the request for proposals soon, and it would take up to two years to complete.
 
  Azmi is optimistic about meeting the 40 per cent target for public transport use in the Klang Valley by 2030, reducing the number of cars on the road from the current 80 per cent to 60 per cent.
 
  "The government has made it very clear that by 2030, there will be a 40 per cent usage of public transport and 60 per cent (usage of) private vehicles. But to reach this, we have to start planning from where we are today. I think we can do better," said Azmi, who previously served as chief development officer at SPAD for more than three years.
 
  He said people could still drive their cars if they wanted to, but they would have to park the vehicles at designated facilities and use public transport to continue their journey.
 
  "If we allow cities to be congested, (the city) will choke itself to death. It will be a losing proposition for everybody. We can do changes now. We are in the right position and the timing is right to start planning now."
 
  Prasarana achieved one million in daily ridership in January, covering the Kelana Jaya and Ampang light rail transit (LRT) lines, monorail line and RapidKL bus services.
 
  Azmi said this was a milestone in the country's efforts to improve the public transport sector.
 
  "It's not just about improving public transport, but providing a reliable service and convenience to users."
 
  Today, Prasarana operates the Kelana Jaya and Ampang LRT lines and the KL monorail, as well as bus services in Kuala Lumpur, Penang, Kuantan and Kamunting. It also has subsidiaries responsible for generating non-fare revenue through advertisements and property projects in the form of transit-oriented developments (TODs).
 
  "Outside Malaysia, we have a company responsible for our operations in Mecca, Saudi Arabia, where we operate Metro lines during the haj season. We also have a smaller contract for Mecca Metro as a shadow operator and are in the final stage of bidding as a shadow operator for Jeddah Metro," said Azmi, who helped formulate the National Land Public Transport Master Plan.
 
  He said Prasarana, the largest public transport operator in the Klang Valley, planned to develop TODs at 10 sites along the Kelana Jaya and Ampang LRT lines.
 
  "We are building, at Dang Wangi, high-rise structures on top of the station. When completed, there will be offices, residential (units) and retail outlets, and that will make the area vibrant. The same goes for other areas that we are developing, such as Brickfields, Ara Damansara and Glenmarie."
 
  Q: How has progress been for Prasarana?
 
  A: Prasarana was incorporated in 1998, but became operational in 2002 when the government decided to take over the assets of Star LRT and Putra LRT, the two companies that developed and built the two light rail transit (LRT) lines on a privatisation basis.
 
  Two years after the 1997/98 financial crisis, there were some financial difficulties, and the government decided to take over the two lines for the benefit of the people. In 2004, the government decided to take over the assets of two bus companies - Intrakota and Park May - that served Kuala Lumpur and the Klang Valley. That was when RapidKL was formed. Prasarana became the asset owner, and RapidKL, the operator, for rail and bus transport.
 
  We continued the journey, and in 2009, there was an effort to merge both entities to streamline operations, and also, create better efficiency in the services offered to the public.
 
  Q: How did Prasarana grow to become a larger entity? What are the major task points that the company has achieved?
 
  A: The formation of Prasarana as a larger entity started in 2010 with the creation of several subsidiaries. As we continued the journey until 2014, we established new subsidiaries.
 
  Today, we have Rapid Rail, the operator of rail services, and Rapid Bus, the operator of buses in Kuala Lumpur, Penang and Kuantan, and more recently, Kamunting, which serves the Taiping area and links up to Butterworth.
 
  Then, we have PRIDE (Prasarana Integrated Development Sdn Bhd),which is responsible for generating non-fare revenue within Prasarana, including advertising at stations. Any advertisements and retail activities within our premises are managed by PRIDE, and that's where they generate financial income, apart from non-fare revenue.
 
  Then, we have PRIME (Prasarana Integrated Management and Engineering Services Sdn Bhd), which is responsible for generating non-fare revenue outside the group and also outside Malaysia. PRIME is right now responsible for our operations in Mecca, Saudi Arabia, where we operate Metro lines during the haj season.
 
  PRIME also has a smaller contract for Mecca Metro as a shadow operator. It is in the final stage of bidding as a shadow operator for Jeddah Metro.
 
  Another subsidiary is called PRAISE (Prasarana Rail and Infrastructure Projects Sdn Bhd), which is our project development company. PRAISE is responsible for managing LRT line extension projects and the upcoming LRT3 development.
 
  Q: At what stage of growth is Prasarana today?
 
  A: From when Prasarana was formed until 2009 is considered the infancy stage because restructuring was going on then and we were putting everything together. From 2010 to 2014, we term it as the "formative phase", where we put all the subsidiaries and created clear responsibilities to help support the group.
 
  From last year to 2020 is the transformative phase. This is where we start to transform Prasarana according to its vision, which is to be a world-class integrated public transport provider. That is the reason we ventured overseas, for our services to be recognised as world-class. This is our current journey.
 
  Q: In terms of numbers, could you share with us some figures?
 
  A: Passenger growth is currently about two per cent every year. One of the key milestones is ridership. We have passed the one million ridership per day (mark) in our rail and bus services.
 
  Q: When did Prasarana pass the one million mark?
 
  A: In January this year, before Chinese New Year. Now, we plan to pass the 1.5 million mark by the middle of next year. This will be helped by the LRT line extensions and Mass Rapid Transit 1 (MRT 1).
 
  Q: Is Prasarana happy with the two per cent passenger growth?
 
  A: We are not happy, looking at Prasarana's purpose, which is to promote public transport and achieve the 40 per cent modal share of public transport by 2030. The government has made it very clear that by 2030, there will be a 40 per cent usage of public transport and 60 per cent (usage of) private vehicles. But to reach this, we have to start planning from where we are today. I think we can do better. We expect that the LRT line extensions, upgrading of the monorail system and MRT 1 will contribute to passenger growth.
 
  Q: What is the ratio between public and private transport?
 
  A: Public transport is currently at about 20 to 25 per cent. The rest is private vehicles.
 
  Q: What about in developed countries?
 
  A: In Hong Kong, it's 80 per cent public transport. Singapore is between 60 and 70 per cent. But, they embarked on their journey very much earlier. So, if you are to compare us with them, we should consider when we started our journey. But, it is also not a very good comparison because they are island-based, while we are not. In terms of opportunity on how to decongest certain congested areas, we are in a better position.
 
  Q: For the current public transport ratio, is it just in the Klang Valley or nationwide?
 
  A: It is nationwide. But for the Klang Valley, there is a 40 per cent target. There is a target, too, for Greater KL.
 
  And to reach that target, what do we need to do?
 
  In our case, when we plan for the LRT3 and the Kelana Jaya and Ampang line extensions, it's about creating more parking facilities outside congested areas, meaning, in suburban areas. What we are saying is, you can still drive your cars, but park them at these facilities and take the LRT to go to congested areas. You can save yourselves the hassle of driving.
 
  Q: Just like in London?
 
  A: Yes, the same thing. We are following that. But, we can do it faster if we have proper or more robust integrated planning. To do this, local authorities should make parking difficult, as it would discourage people from driving. People can drive their cars if they still want to, but park them at the facilities and use public transport to continue their journey. If we allow cities to be congested, (the city) will choke itself to death. It will be a losing proposition for everybody. We can do changes now. We are in the right position and the timing is right to start planning now.
 
  Q: How are you planning the LRT3?
 
  A: I am promoting an idea that understands the needs of future users. If I plan a new line based on my thinking, it will be obsolete before it's completed. The users will be the younger group of our population. If we don't understand their needs and the way they think about how to be mobile, then, we will be planning something else and not serving our purpose. We will not be able to embrace the infrastructure that will influence their lifestyle.
 
  So, understanding Gen Y is what we are doing for the LRT3 - also, the existing lines, monorail and MRT. That is why I always challenge my team to understand Gen Y and how to get this group of people for our services.
 
  Q: Why Gen Y?
 
  A: Gen Y is one of the generations. They are the offspring of the baby boomers. Under Gen Y, there is a sub-group called "Yuccies", also known as young urban creatives. They are not the offspring (of an earlier generation), but are a splinter group. You had the yuppies from those days, you have the hipsters, and then, from Gen Y, you have the Yuccies.
 
  Yuccies are basically young people. What we understand is that, they don't want to go through the trouble of driving everywhere. They like the comfort of having time to themselves. They love to be attached to their gadgets and they love to socialise in areas where it would not be difficult for them to move around.
 
  So, if we create that opportunity and environment in terms of planning our new lines, then, we will be able to capture them. They will push themselves to stay near the infrastructure. And for us, investment in the infrastructure will be meaningful because it is being accepted by future users.
 
  For Prasarana, which has over 8,000 employees, going on 10,000, if we don't think of ways to reinvent ourselves to be relevant to the business and industry, then, nobody will care about us.
 
  If you are doing the business full of oneself, what is the purpose? You don't have the sense of pride of doing that. But if you do something that people love, we are motivated to contribute more.
 
  This is a challenge that I've put to the team, saying as we grow bigger, and if we do not prepare ourselves, we can sink faster. But if we prepare ourselves to be dynamic, to be able to think out of the box, and to plan and understand future needs, then, we will be able to keep ourselves afloat and continue to have a smooth ride.
 
  Q: Does Prasarana have the right policy to encourage people to use public transport?
 
  A: Yes, we do. In our mission, we have a set of five values that we are looking at, that is, reliable, affordable, proficient, integrated and dynamic.
 
  Q: What are these values?
 
  A: Reliable is about reliability in services. Internally, we have set key performance indicators. For rail, the service reliability should be 99.7 per cent, while for bus, it should be 95 per cent, and we hope to achieve these targets. That is a good benchmark and it's comparable to the world standard. We are trying to push ourselves to be recognised as a world-class transport provider.
 
  In terms of being affordable, we know we are not supposed to be making too big a profit, but as a company, we need that profit, too. It is about focusing on services to the public and making sure that whatever fare structure we are putting out is something that is acceptable and affordable. That is why we do not increase bus fares. Only rail fares were recently increased, and this was also after a long period of 14 years, when there had been no review. Even then, it's not a direct fare increase. It's more on revamping the formula, so that we can standardise between the three lines. The two LRT lines and monorail, when they first started - the formula was very different then.
 
  Today, the fare is more distance-based, but on top of that, we provide discounts. If you use cash, it's a bit high, but when you use Touch 'n Go or our own MyRapid product, you will enjoy a more than 20 per cent discount. Today, we see a lot of students, for example, queuing up and applying for the card, which is good. This means that a lot of people are migrating towards cashless products. Just like the Oyster (card) in London and the Octopus (card) in Hong Kong.
 
  Q: Affordable and proficient are understood, but what about integrated?
 
  A: For example, Masjid Jamek Station. When you want to change lines, you have to cross the road, and sometimes, it's raining. Today, it is all in one plaza.
 
  Another example is Hang Tuah Station, where the LRT and monorail are integrated into one. It's a paid-to-paid service, where you don't have to exit and "touch out", and re-enter the other line. You just have to cross the line and continue your journey, and then, you exit. That is what we call "fare integration". This same concept will apply to the MRT once it starts its operations. The hassle of "touch in" and "touch out" is no longer there. It's seamless.
 
  Q: And dynamic?
 
  A: Dynamic means we cannot do things as they are today. We must always improve. That is why we benchmark ourselves with world class. I don't want the group to be comfortable in what they are doing today. When there is complacency in this industry, we are doomed. We must get ourselves out of that comfort zone, so we know what's the challenge out there. Otherwise, it is difficult to push the efficiency level. It would be difficult to meet the demands of the public.
 
  What we understand from other cities, from their expertise, is that, the public there is without mercy. They will push and demand because they have ownership. We want the public to say the infrastructure is part of them. It's affecting their lifestyle. Because of that, we have to respond to the needs of the public, and to do that, we must always engage with the public to understand what it is that they want.
 
  Q: Who are you benchmarking against?
 
  A: We are benchmarking our rail and bus services against international standards, other cities around the world. For rail, we benchmark ourselves against two related international bodies, which are the Community of Metros (CoMET) and NOVA Group of metros. We provide our data of services to them, they churn up everything, and then, they tabulate back where we are in terms of world standing. For buses, we refer to the International Bus Benchmarking Group. This is being coordinated by Imperial College London. Again, we give our data to them, they churn it out and we can see where we are. From there, we know what and how to push ourselves up and in which areas.
 
  Q: Are there plans to make the LRT available nationwide?
 
  A: There is no immediate plan for that. There is the National Land Public Transport Master Plan, and the local government must work with it. This is about understanding where the new growth areas are or the locations identified for new developments, and how we could rejuvenate an area with the development of public transport.
 
  Once you have a plan, you can project the numbers and (determine) whether it is feasible and viable to undertake a new LRT line. You need the demand numbers. Also, it cannot be fragmented planning. It has to be an integrated plan.
 
  Q: What do you mean by fragmented planning?
 
  A: I have always promoted ideas where key authorities should sit down together and have an integrated plan for public transport. One approach is whether we can quickly promote the idea of transit-oriented development, which would create job opportunities and revenue for the government.