LegoLand Malaysia?

Latest Update >>> CLICK HERE

Lego theme park for Johor

The Straits Times/The Malaysian Insider

JOHOR BARU, Nov 21 – Lego, the Danish manufacturer of toy building blocks, is close to concluding a deal to build a theme park in Johor.

State authorities familiar with the project said a breakthrough in negotiations were proceeding well and preliminary works on “Legoland Malaysia” could start as early as June next year.

The project, to be sited on some 400 acres of land off Danga Bay, is expected to entail an initial investment of under RM1 billion.

Lego now operates theme parks in Denmark, Britain, the United States, Germany and Dubai. The theme parks, built entirely from building blocks, are targeted at young families and include the whole gamut of exciting roller coaster rides and a variety of other attractions.

Iskandar Investment Bhd (IIB), the investment arm of Iskandar Malaysia, is expected to be the local partner in the project. Speaking in Dubai last month, IIB managing director Arlida Ariff said that as many as three theme parks were being considered in Iskandar Malaysia.

It is learnt besides Lego, IIB is also pursing talks with Universal Studios and Disney Tokyo.

The plan is to have a core theme park covering 600 to 800 acres, and a few smaller theme parks of 50 to 100 acres each. Some 3,000 acres have been set aside for theme parks, including supporting commercial developments, in Iskandar Malaysia.

Discussions are for park operators to take up a stake in the theme parks so that they can have a long-term interest in these ventures.

*** *** ***

Take a sneak preview of LegoLand Theme Parks at WWW.LEGOLAND.COM.

Advertisements

KL reaches for the skies

KL skyline
Note: There are some errors in the picture above.

KL reaches for the skies, approval granted for several new superstructures
Stories by YIP YOKE TENG
TheStar Metro
28 May 2008

The skyline of Kuala Lumpur is to set change dramatically and significantly in the near future.

Several superstructures of over 50-storeys high will soon join the Petronas Twin Towers and KL Tower to dwarf other high-rise buildings in the city centre.

Kuala Lumpur City Hall (DBKL) town planning director Mahadi Che Ngah has confirmed that the DBKL had approved several superstructures comprising office blocks, hotels and serviced apartments.

According to Mahadi,

a skyscraper soaring to about 60 storeys has been approved as an extension to the Petronas Twin Towers. It will be located next to the Mandarin Oriental Hotel. [Proposed Menara Carigali]
The pricey plot near Suria KLCC will also be the site for the Four Seasons Centre Kuala Lumpur, with its tallest building standing at 70 storeys. [Proposed Four Seasons Centre]
 
 
 

 

It is touted to be a mixed development comprising a Four Seasons hotel, serviced apartments, luxury condominiums and retail outlets.

KL Sentral is also expected to have a structure towering at about 60 storeys. [Proposed 60-storey KL Sentral]

Another skyscraper to loom over Stadium Merdeka at about 40-storeys tall has also been approved in principle.  [Proposed Plaza Merdeka]

It is learnt that this will be part of a privatisation project by the government.

Mahadi said

two other projects with 30-storey structures were waiting for their development orders. [there’re several others 30 to 50-storey skyscrapers proposed]

On talks that a 100-storey skyscraper would be erected near the Matrade centre, bordering Jalan Kuching and Jalan Duta, Mahadi said it was merely an enquiry.

 

 

 

He said no plan or application had been submitted on the so-called project and it was too early to say that Kuala Lumpur would have another building taller than the Twin Towers.

 

 

 

 

 

 

 

“High-rise projects in Kuala Lumpur have to abide by height guidelines.

“They cannot just follow the fancy of the landowners. These developers have been well informed of the policies in the Kuala Lumpur Structure Plan 2020, draft Kuala Lumpur City Plan 2020 and other planning regulations,” he said.

“The height of the buildings is related to land value, the more expensive the land, the higher the buildings but we still need to look into other aspects like road systems and public transport,” Mahadi said.

According to Mahadi, commercial zones are categorised as city centre, district centre and neighbourhood centre, to control development intensity.

The city centre commercial zone has the highest range of permissible plot ratio of up to 1:10. Plot ratio refers to the ratio of land area and floor area.

Superstructures can only be allowed in the city centre commercial zone, which is largely around the KLCC area, as well as other areas designated for the purpose such as KL Sentral and Mid Valley.

“This means that if a developer wants to erect a very tall building in an area outside the city centre commercial zone, it has to make sure there is a large span of green in the surroundings,” Mahadi said.

He advised the public to study the draft KL City Plan 2020 carefully to check on the development intensity proposed for the different areas.

“Some plans have been committed decades ago and the DBKL will have to follow up on these commitments.

“If land owners and residents think that these plans are no longer feasible, or they will suffer losses if the plans proceed, now is the time for them to register their objections,” he said.

The Draft KL City Plan objective is to turn Kuala Lumpur into a world-class city by 2020.

The plan states that “to achieve the vision for a world-class city by 2020, Kuala Lumpur needs an optimum population that supports the city’s role as a leading centre of the new economy”.

Kuala Lumpur is positioned to have a population of 2.2 million, up from the 1.5 million now by 2020, with a population density of 13,805 people per sq km in the city centre, similar to the population density of the busiest areas in Tokyo.

According to town planners interviewed by StarMetro, this demography is inconsistent with the National Physical Plan that advocates sustainable living in the city.

In fact, the physical plan’s objective is to slightly decrease the gross urban density of 29 people per hectare (2,900 people per sq km) to 25 per hectare.

Latest list of projects proposed for KL City and Mont’Kiara coming soon at Malaysia CIty!

KL Project Outlook H2 2008

He said no plan or application had been submitted on the so-called project and it was too early to say that Kuala Lumpur would have another building taller than the Twin Towers.
——

KL lacks Grade A offices

Report by Rosalynn Poh
TheEdgeDaily
10 April 2008

KUALA LUMPUR: Malaysia is in danger of losing its competitive edge due to lack of Grade ‘A’ office space in Kuala Lumpur, even if it is still inexpensive by regional standards, with some commanding RM7 per sq foot.

“It would be ironic if Malaysia lost out in attracting multinational regional operations simply through having insufficient quality of office space,” Regroup Associates executive chairman Christopher Boyd said.

On the local front, the increasing demand for Grade ‘A’ offices in the past 12 months might even see Kuala Lumpur losing out to Petaling Jaya.

Regroup’s latest survey revealed Grade ‘A’ office buildings in KL are now 94.5% occupied. He added that brave developments in untried locations such as Menara Axis and Jaya 33 in Petaling Jaya have had good response.

Boyd said unoccupied space increased after the Asian financial crisis and in 2001, an estimated 13.5 million sq ft were available. City Hall then imposed a freeze on the approval of buildings more than 20-storeys in the Golden Triangle.

This resulted in the lack of interest in constructing new buildings, as it was not economically justifiable.

“A shortage has crept up on us and caught us almost unaware. Major corporations which might otherwise have been located in the city have been squeezed out due to planning restrictions and traffic congestions,” Boyd said.

For the past nine years, it has been difficult letting empty office space in the Golden Triangle due to low demand and the preferred letting of KL Sentral, where 1.3 million sq ft were pre-let in four new buildings in two years.

Boyd said the service sector was growing at 9.7% a year, and 200,000 new graduates emerged annually to seek employment. New office supply may not meet demand over the next three years and rents are likely to continue to rise.

Regroup urged KL City Hall to review the current position and to issue clear guidelines on new office building approvals that would allow for moderate growth.

KFHMB plans to build Malaysia’s tallest building

Source: TheEdgeDaily

KUALA LUMPUR: Kuwait Finance House (Malaysia) Bhd (KFHMB) is teaming up with a local bank to jointly develop the country’s tallest building that will overtake the Petronas Twin Towers.

Its managing director, Datuk K Salman Younis said it would be “a high-end real estate project that will stand taller than the Petronas Twin Towers”.

Speaking to The Edge Financial Daily, he said the JV with the property arm of a local bank had just been approved yesterday, and work on the project would begin next year

Declining to elaborate further on the project, Salman could only say that further announcements on the project would be made soon.

On KFHMB, he said the Islamic banking group planned to open two or three new branches in the Iskandar Development Region (IDR) and Taman Molek in Johor early next year.

Speaking to reporters after hosting a media tutorial on Islamic banking and finance here yesterday, Salman said KFHMB also planned to open branches in Penang and Kuching within three months and to start its marketing efforts in Sabah early next year.

“KFH already has some customers in Sandakan. We plan to build our presence in Sabah,” he said. KFHMB, the first foreign Islamic bank to be licensed by the Ministry of Finance, currently operates two branches in Kuala Lumpur and one in Shah Alam.

In August, KFHMB announced it would jointly develop a 902.4ha land in the IDR with Mubadala Development Co and Millennium Development International Co for RM4.2 billion. This will involve the building of three clusters, namely a lifestyle and leisure cluster, a cultural cluster and a financial district in the IDR’s first integrated international city.

Last week KFHMB had said it would jointly team up with local real estate investor Prestige Scale Sdn Bhd to fund the RM577 million Glomac Tower project in Kuala Lumpur.

Salman had said both companies would be involved in the on-block purchase of the 36-storey class A commercial office block. The project is to start soon and is expected to be completed within two-and-a-half years.

Meanwhile, it was also reported that the Islamic bank was in discussions with investors from Australia, China, Indonesia, Singapore and the Middle East to jointly develop its 252.5ha land in Bandar Nusajaya, near the Johor State New Administrative Centre project in the IDR.

Tenaga to build new HQ

(LATEST NEWS) Tenaga Nasional Bhd (TNB) is planning a new corporate headquarters in Kuala Lumpur to cater for its 30,000 workforce and expanding operations.

Property valuers said that the proposed 34-storey building could cost between RM300 million and RM350 million.

Menara TNB 1

It could even be higher depending on TNB’s requirements.

The new headquarters will be situated on land next to its current headquarters in Jalan Bangsar, which is 70 years old.

It will be designed by famed Malaysian architect Hijjaz Kasturi.

Construction will start next year (2008) and is expected to be completed by 2010.

Hijjaz also designed the RM700 million 77-storey Menara Telekom situated in Jalan Pantai, close to TNB’s current headquarters.

Menara TNB 2

The TM headquarters is based on renowned Malaysian sculptor and artist Latiff Mohidin’s award-winning masterpiece, the Pucuk Rebung, which depicts a young bamboo shoot with strong foundations at its root and few leaves sprouting.

The new TNB headquarters will also be based on the Pucuk Rebung.

“The new building is necessary as the current workplace is filled to the brim, and we want to place all our workers currently scattered everywhere, such as nearby Menara Telekom and Crystal Plaza, under one roof.

“The new building will enable TNB to save on operational costs such as rental payments,” said a source.

A full-scale model of the new headquarters is on display at TNB’s office lobby. TNB officials could not be reached for comment.

Pics courtesy of HijjasKasturi.

Starwood in talks for more hotels in Malaysia

STARWOOD, the owner and operator of the Sheraton, Westin and Le Meridien, is in various stages of discussion with at least seven parties for possible hotels in Malaysia, including a new brand – Four Points by Sheraton.

We are in negotiations … two are in advance stages and five are under discussion,” Starwood Asia Pacific Hotels & Resorts Pte Ltd’s regional vice-president for South East Asia Peter Frawley said, adding that each of the hotels will have 300-odd rooms.

Frawley added that the hotels include a mixture of existing hotels and building completely new ones.

While declining to reveal the exact location of the hotels, he hinted that Starwood is inclined to have more representation in Peninsular Malaysia.

When asked where else Frawley would like to see a Starwood hotel, he said: “It makes eminent sense for one (hotel) in Johor Bahru. Penang would also be an area we would like to look at.”

“The brands that are most attractive to owners in Asia Pacific at this point are the Luxury Collection, Sheraton, Le Meridien and Westin,” he said.

Read the rest of this entry »