Fresh from selling land worth RM600mil to China’s Greenland Group, Iskandar Waterfront Holdings Sdn Bhd’s (IWH) Tan Sri Lim Kang Hoo is believed to be eyeing another tie-up with Greenland – this time for the RM4.4bil River of Life (RoL) project in Kuala Lumpur.
Sources familiar with the matter said that Greenland, one of China’s top five property developers by sales, is in preliminary talks with Lim to explore ways it can play a role in the RoL project.
The Shanghai-based firm could be planning a “city within a city” à la Shanghai’s iconic The Bund along the bank of the Klang and Gombak rivers that flow through Kuala Lumpur, sources say.
Lim’s construction outfit Ekovest Bhd has a 60% stake in the joint-venture company that was appointed the project delivery partner (PDP) of RoL in 2011 by the Government. Malaysian Resources Corp Bhd (MRCB) holds the remaining 40%.
A spokesperson for Ekovest declined to comment when contacted.
RoL – an anchor project of the Economic Transformation Programme for Greater Kuala Lumpur that aims to breathe new life into the long-polluted Klang and Gombak rivers – is spearheaded by a multiagency task force under the purview of the Federal Territories Ministry.
The project calls for a massive cleanup and redevelopment of an 110km stretch of river by 2017. In return, the contractors given the mandate get plots of land along the river for development.
Greenland had two weeks ago agreed to buy 13.96 acres from IWH in the coastal Danga Bay area south of Johor for properties with an estimated gross development value (GDV) of RM2.2bil, marking its maiden foray to Malaysia.
It is understood that the state-owned enterprise may seal another purchase from IWH soon for two parcels measuring some 20 acres on the eastern side of Johor near the Permas Jaya township.
The deal is yet to be finalised as the land is held under IWH’s 47.16% associate Tebrau Teguh Bhd, another listed entity in Lim’s stable, and will have to undergo the usual due diligence processes.
“Greenland ultimately plans to acquire up to 150 acres in Johor with a GDV exceeding RM10bil. The land alone is expected to cost RM3.8bil,” says a property executive.
That would make Greenland the biggest China-based landowner in Iskandar Malaysia. Guangzhou R&F Properties, which last year bought 116 acres in Tanjung Puteri from the Sultan of Johor for RM4.5bil, is a close second.
Lim owns 60% of IWH via Credence Resources Sdn Bhd, and Kumpulan Prasarana Rakyat Johor, a state-backed vehicle, 40%.
Shares of Tebrau Teguh are up some 14% since early-April to RM1.37 on Friday. Ekovest, however, has drifted downwards after hitting a peak in December. The counter closed Friday at RM2.62.
A deal between Greenland and Lim on RoL, should it materialise, is unlikely to have any implications for MRCB.
MRCB officials told Starbiz that the company has no intention of selling down its interest in RoL currently, and neither was it on the lookout for buyers.
Unlike the Duke highway, in which MRCB used to own a 30% stake, the RoL is a division we want to keep, an executive says. “We will honour our commitment to the Government as PDP.”
Even so, the executive concede that RoL cold be a target of various parties given its large construction orderbook.
MRCB had in January hived off its interest in highway concessionaire Duta-Ulu Kelang Expressway to Ekovest for RM230mil in cash in a bid to pare down its debt and dispose of non-core assets.
Although RoL is still sorting our land valuation issues, its first phase kicked off in March involving a 10.7km stretch of the river dubbed Precinct 7. Ekovest-MRCB JV Sdn Bhd is the contractor appointed to carry out the project.
Work on the other four phases, comprising 10 precincts, is expected to begin in September.
A slew of developers from China have expanded abroad aggressively in recent years, but Greenland could well be the most ambitious of the lot.
Greenland, a Fortune 500 company, has interests in real estate, coal mining, finance and automobiles. Known as a builder of skyscrapers, three of its towers rank among the 10 tallest in the world.
It is targeting a spot in the Fortune 200 and revenue of 500 billion yuan by 2015.
In January, it had launched a US$480mil project in Sydney, its first in Australia, as part of a US$1bil push Down Under. The Greenland Centre in Sydney’s central business district will comprise a high-end boutique hotel and residential tower.
The group had acquired land in downtown Los Angeles, its first in the United States, last July for US$1bil from a teacher’s pension fund, with plans for a hotel, offices, serviced residences and luxury homes.
Across the pond, Greenland is investing £1.2bil in two London developments, one in the southwest and the other in the Canary Wharf financial district.
Foreign news reports suggest that Greenland also has its eye on France, Canada, Singapore and Thailand.
Four other major Chinese property firms are in talks with IWH for mixed-use developments featuring waterfront properties.
IWH is the master developer of 1,620ha of waterfront land in the eastern and western side of the Johor Causeway, with Danga Bay, located in Zone A of Iskandar Malaysia, as its centrepiece.
It has inked 17 deals to-date with local and foreign partners to develop properties worth RM127bil in GDV, bolstering its plan to transform the coastline of Johor bordering Singapore into a waterfront metropolis.
Showing posts with label Kuala Lunpur. Show all posts
Showing posts with label Kuala Lunpur. Show all posts
Wednesday, April 30, 2014
Monday, April 21, 2014
细数隆新建大楼
霹雳州產业发展公司游礼发（YNHB，3158，主板產业组）探討將建议中的游礼发產业大厦，转为一座综合產业发展计划，其组合包括酒店、办公楼与购物中心。
该公司正为综合產业计划与主导租户洽谈，游礼发大厦的发展总值估计超过30亿令吉，一旦主导租户已確认，建筑工程將宣告展开。
Ivory產业集团通过子公司Ivory Place私人有限公司，已经与人民大厦私人有限公司，签署一项附带条件的协议，展开建议中的收购与恢復人民大厦搁置工程，该產业坐落在租赁的土地上。
人民大厦原本的计划是兴建79层楼的办公楼、45层楼的服务公寓、21层楼的酒店，以及7层楼的购物商场。Ivory產业希望恢復该项工程，发展项目包括住宅、商业与交通总站的综合性產业计划；不过，这项计划仍有待吉隆坡市政府的批准，包括与吉隆坡市政局签署新的、已修改的联营计划协约。
另外，大马最新的地標建筑独立华丽山大厦，其地主与发展商国民投资公司，一旦迎合吉隆坡市政府订下的准则，將展开兴建工程，其中一些有待解决的问题包括该发展计划的衔接道路。
UDA控股已接获5“大”发展商令人鼓舞的回应，其中一名来自新加坡，以展开建议中的武吉免登市中心7.85公顷產业计划，这项计划的前址为半山芭监狱。
根据该项大蓝图，发展计划包括容纳7座供商业与住宅用途的大厦、办公大楼、酒店及购物商场，计划书已提呈给吉隆坡市政局待批准。
在吉隆坡市郊，联邦土地復兴与统一局2013年9月宣佈，准备在2014年初、在一块1.8公顷的土地上，推行一项高档综合產业发展计划，发展总值估计9亿令吉，这项计划突出办公楼、共管公寓及商业中心，將分两阶段推行，首期工程大约耗资3亿令吉。
同年10月，中国出口与进口银行和1马发展有限公司，在敦拉萨贸易中心，联合发展70英亩地的地標大楼与金融中心。
另一方面，国浩置地（GUOCO，1503，主板產业组）耗资数十亿令吉的旗舰计划，被指定为经济转型计划下的启动计划，这项计划耗资25亿令吉、佔地8.5英亩，坐落在白沙罗城市中心附近，预料將兴建28层的住宅大楼、分別是33层及19层的办公楼、一座5星级酒店，以及4层楼的购物商场，办公楼组合预期在2015年中完成。
与此同时，怡保工程（IJM，3336，主板建筑组）子公司怡保建筑私人有限公司，已获得一项价值2亿3千840万令吉的合约，以便在拉惹劳勿路兴建两栋商业產业，分別是32层的办公楼，以及13层的泊车场。
该公司正为综合產业计划与主导租户洽谈，游礼发大厦的发展总值估计超过30亿令吉，一旦主导租户已確认，建筑工程將宣告展开。
Ivory產业集团通过子公司Ivory Place私人有限公司，已经与人民大厦私人有限公司，签署一项附带条件的协议，展开建议中的收购与恢復人民大厦搁置工程，该產业坐落在租赁的土地上。
人民大厦原本的计划是兴建79层楼的办公楼、45层楼的服务公寓、21层楼的酒店，以及7层楼的购物商场。Ivory產业希望恢復该项工程，发展项目包括住宅、商业与交通总站的综合性產业计划；不过，这项计划仍有待吉隆坡市政府的批准，包括与吉隆坡市政局签署新的、已修改的联营计划协约。
另外，大马最新的地標建筑独立华丽山大厦，其地主与发展商国民投资公司，一旦迎合吉隆坡市政府订下的准则，將展开兴建工程，其中一些有待解决的问题包括该发展计划的衔接道路。
UDA控股已接获5“大”发展商令人鼓舞的回应，其中一名来自新加坡，以展开建议中的武吉免登市中心7.85公顷產业计划，这项计划的前址为半山芭监狱。
根据该项大蓝图，发展计划包括容纳7座供商业与住宅用途的大厦、办公大楼、酒店及购物商场，计划书已提呈给吉隆坡市政局待批准。
在吉隆坡市郊，联邦土地復兴与统一局2013年9月宣佈，准备在2014年初、在一块1.8公顷的土地上，推行一项高档综合產业发展计划，发展总值估计9亿令吉，这项计划突出办公楼、共管公寓及商业中心，將分两阶段推行，首期工程大约耗资3亿令吉。
同年10月，中国出口与进口银行和1马发展有限公司，在敦拉萨贸易中心，联合发展70英亩地的地標大楼与金融中心。
另一方面，国浩置地（GUOCO，1503，主板產业组）耗资数十亿令吉的旗舰计划，被指定为经济转型计划下的启动计划，这项计划耗资25亿令吉、佔地8.5英亩，坐落在白沙罗城市中心附近，预料將兴建28层的住宅大楼、分別是33层及19层的办公楼、一座5星级酒店，以及4层楼的购物商场，办公楼组合预期在2015年中完成。
与此同时，怡保工程（IJM，3336，主板建筑组）子公司怡保建筑私人有限公司，已获得一项价值2亿3千840万令吉的合约，以便在拉惹劳勿路兴建两栋商业產业，分別是32层的办公楼，以及13层的泊车场。
隆市地价‧涨幅亚洲第三
当中，吉隆坡住宅地皮以67.2%的涨幅排名第三，仅次於曼谷（190.7%）和雅加达（184%）；而商业不动產用地则以64.9%排名第二，仅次於雅加达的192.3%，超越排名第三的曼谷（52.6%）。
莱坊亚太研究部门负责人霍特表示，根据亚洲优质开发用地指数显示，新兴亚洲都市的开发用地价格涨势之快，大幅超过已开发亚洲都市。
其中泰国曼谷、印尼雅加达、马来西亚吉隆坡与柬埔寨金边，包办亚洲地价升幅最快的前五大都市的四个席次。至於香港、新加坡与东京等都市的地价上涨速度最慢。
霍特认为，东南亚开发用地价格涨势如此强劲，归因於这些都市的住宅与商用不动產价值在过去2年大幅增加，以及比较基础较低。
不过新加坡房地產仲介公司Chesterton执行董事韩唐纳补充，儘管东南亚都市的开发用地价格快速成长，仍有部份因素恐使未来涨幅受到抑制。
他指出，成熟的市场相对透明度较高，因此资金也比较容易进出。不过新兴市场则依然有所限制。他以雅加达为例，表示海外投资者只能购买土地使用权，却没有拥有权。
他还提到在较不透明的市场，像是金边与仰光，法规並不明確。此外在多数情况外国投资者也无法购买当地土地。
Sunday, April 6, 2014
5阶段发展甘榜峇鲁
位于市中心的甘榜峇鲁，有望于2015年起至2035年分5个阶段，进行重新发展计划，住宅单位及居民人数虽会倍数增长，惟甘榜的传统风貌將获得保留，包括11个传统马来高脚屋將不被拆除。
甘榜峇鲁发展机构主席拿督阿斯塔曼指出，根据《甘榜峇鲁2020年发展蓝图草案》，重新发展甘榜峇鲁有3个策略，首个为重整地段。「即要把个別地段（Lot）『合成』一块面积更大的土地，以用作发展，即最少要把6个地段合成为一块地段，並在这块地上兴建『A级建筑』，即该建筑佔地至少1万至1万2000平方公尺。」
「我们建议把甘榜阿答斯A、甘榜阿答斯B以及部分甘榜柏里勿的地段进行合成，即会涉及311个地段或70.22英亩的土地。」
他续说，当然，在地段合成为一块土地后，会確保所有原地段的地主及土地继承人，都会重新列在地契上，即他们的土地拥有权將获得保障。
提升基设优化经济
「第二个策略，则会在甘榜玛斯纪、甘榜胡钟巴西、部分甘榜宾达、甘榜柏里勿、甘榜巴雅以及雪州发展机构组屋，即共195.45英亩的土地，建议进行『开发权转移制』（Transfer of Development Rights）。」
「估计在重新发展后，上述地段的总楼面面积（Gross Floor Area）可达5600万平方尺，即会以总楼面面积计算，作为每个地主在发展后可获得的利润或价值。」
他是今日，为《甘榜峇鲁2020年发展蓝图草案》公开展览开幕仪式致词时，如是指出。出席的还有甘榜峇鲁发展机构高级行政人员纳哈鲁丁和委任顾问诺丽扎。草案將于即日起至5月6日，在甘榜峇鲁发展机构办事处展示。
他续说，第三个策略则是集中在拉惹柏共35.71英亩的地段，划分为「商业提升区」，包括会著重在维修及提升基设，以便能优化这个区的经济能力。
此外，诺丽扎则说，根据统计，甘榜峇鲁居民人口现有1万8372人，並有5300个住宅单位，其中有36％的地段为住宅用途，14％为商业用途。
「在2035年后，甘榜峇鲁的人口估计可增加至7万7000人，住宅单位亦增至1万7500个单位，总楼面面积达9000万平方尺，12％土地將保留为绿肺或公园，並拥有面积达17英亩的湖泊。」
甘榜峇鲁发展机构主席拿督阿斯塔曼指出，根据《甘榜峇鲁2020年发展蓝图草案》，重新发展甘榜峇鲁有3个策略，首个为重整地段。「即要把个別地段（Lot）『合成』一块面积更大的土地，以用作发展，即最少要把6个地段合成为一块地段，並在这块地上兴建『A级建筑』，即该建筑佔地至少1万至1万2000平方公尺。」
「我们建议把甘榜阿答斯A、甘榜阿答斯B以及部分甘榜柏里勿的地段进行合成，即会涉及311个地段或70.22英亩的土地。」
他续说，当然，在地段合成为一块土地后，会確保所有原地段的地主及土地继承人，都会重新列在地契上，即他们的土地拥有权將获得保障。
提升基设优化经济
「第二个策略，则会在甘榜玛斯纪、甘榜胡钟巴西、部分甘榜宾达、甘榜柏里勿、甘榜巴雅以及雪州发展机构组屋，即共195.45英亩的土地，建议进行『开发权转移制』（Transfer of Development Rights）。」
「估计在重新发展后，上述地段的总楼面面积（Gross Floor Area）可达5600万平方尺，即会以总楼面面积计算，作为每个地主在发展后可获得的利润或价值。」
他是今日，为《甘榜峇鲁2020年发展蓝图草案》公开展览开幕仪式致词时，如是指出。出席的还有甘榜峇鲁发展机构高级行政人员纳哈鲁丁和委任顾问诺丽扎。草案將于即日起至5月6日，在甘榜峇鲁发展机构办事处展示。
他续说，第三个策略则是集中在拉惹柏共35.71英亩的地段，划分为「商业提升区」，包括会著重在维修及提升基设，以便能优化这个区的经济能力。
此外，诺丽扎则说，根据统计，甘榜峇鲁居民人口现有1万8372人，並有5300个住宅单位，其中有36％的地段为住宅用途，14％为商业用途。
「在2035年后，甘榜峇鲁的人口估计可增加至7万7000人，住宅单位亦增至1万7500个单位，总楼面面积达9000万平方尺，12％土地將保留为绿肺或公园，並拥有面积达17英亩的湖泊。」
Tuesday, April 1, 2014
KL penthouse price hits record RM38m
The Star
The price of penthouses in Kuala Lumpur have reached record levels, with the latest unit in the market priced at RM38 million, or about RM3,200 per sq ft (psf).
This is the price of a 11,984 sq ft penthouse at Four Seasons Place Kuala Lumpur.
There are two units, and the owner is keeping one and negotiating to sell the other to an Asian investor.
Meanwhile, market observers are waiting to see if the next project in Kuala Lumpur can match or beat that price.
C.H. Williams Talhar & Wong managing director Foo Gee Jen said it could take three to five years or longer for a project to come up in Kuala Lumpur and offer penthouses at above RM38 million.
A few luxury projects have started in Kuala Lumpur, including Banyan Tree Residences, a joint development by Pavilion Kuala Lumpur and Banyan Tree Holdings; and Harrods Hotel & Residences developed by Tradewinds Corp Bhd and Qatar Holding LLC.
Foo said built-up areas of penthouses at Banyan Tree and Harrods range from 4,000 sq ft to 6,000 sq ft.
Although smaller than Four Seasons Place's, they are more expensive in terms of price psf.
"Banyan Tree and Harrods are selling their penthouses at more than RM3,300 psf. With different services and finishings, it is possible for the price to hit RM4,000 psf. We will have to wait and see if any developer can match that," Foo said.
At an average of RM3,300 psf, the penthouses at Banyan Tree and Harrods will cost between RM14 million and RM21 million each. At RM4,000 psf, they would be worth RM16 million to RM24 million.
Meanwhile, penthouses in Singapore and London are hitting record prices nearly every year.
In Singapore, a staggering 21,108 ft three-storey penthouse is set to not only be the largest-of-its-kind-development in the city state, but also the most expensive. It is priced at S$30 million (RM98.4 million) and will be built on Guocoland Ltd's Clermont Residence in Tanjong Pagar.
In London, SP Setia Bhd is also planning to price the Phase 2 penthouses at its Battersea project for up to STG30 million (RM162 million) each. There are five penthouses in Phase 1 of the project, each worth more than STG15 million.
The price of penthouses in Kuala Lumpur have reached record levels, with the latest unit in the market priced at RM38 million, or about RM3,200 per sq ft (psf).
This is the price of a 11,984 sq ft penthouse at Four Seasons Place Kuala Lumpur.
There are two units, and the owner is keeping one and negotiating to sell the other to an Asian investor.
Meanwhile, market observers are waiting to see if the next project in Kuala Lumpur can match or beat that price.
C.H. Williams Talhar & Wong managing director Foo Gee Jen said it could take three to five years or longer for a project to come up in Kuala Lumpur and offer penthouses at above RM38 million.
A few luxury projects have started in Kuala Lumpur, including Banyan Tree Residences, a joint development by Pavilion Kuala Lumpur and Banyan Tree Holdings; and Harrods Hotel & Residences developed by Tradewinds Corp Bhd and Qatar Holding LLC.
Foo said built-up areas of penthouses at Banyan Tree and Harrods range from 4,000 sq ft to 6,000 sq ft.
Although smaller than Four Seasons Place's, they are more expensive in terms of price psf.
"Banyan Tree and Harrods are selling their penthouses at more than RM3,300 psf. With different services and finishings, it is possible for the price to hit RM4,000 psf. We will have to wait and see if any developer can match that," Foo said.
At an average of RM3,300 psf, the penthouses at Banyan Tree and Harrods will cost between RM14 million and RM21 million each. At RM4,000 psf, they would be worth RM16 million to RM24 million.
Meanwhile, penthouses in Singapore and London are hitting record prices nearly every year.
In Singapore, a staggering 21,108 ft three-storey penthouse is set to not only be the largest-of-its-kind-development in the city state, but also the most expensive. It is priced at S$30 million (RM98.4 million) and will be built on Guocoland Ltd's Clermont Residence in Tanjong Pagar.
In London, SP Setia Bhd is also planning to price the Phase 2 penthouses at its Battersea project for up to STG30 million (RM162 million) each. There are five penthouses in Phase 1 of the project, each worth more than STG15 million.
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