LBS Bina unveils Prestige Residence in Seri Kembangan | The Edge Markets

LBS Bina unveils Prestige Residence in Seri Kembangan | The Edge Markets

LBS Bina Group Bhd has launched a serviced apartment project called Prestige Residence in

Seri Kembangan, Selangor on 10th October 2021. The development sits on 8-acres of land,

comprising a total of 1,450 units with an estimated gross development value of RM301 million.

The units will have three types of layouts with built-up ranging from 600 sq. ft. to 850 sq. ft. and

prices starting from RM270,000. The development is equipped with a total of 40 facilities and a

resident-exclusive two-storey clubhouse which has a wide range of activities to choose from that

cultivates healthy family bonding sessions and promotes togetherness within the community.

Myra Impian to launch in Q4’21

Myra Impian to launch in Q4’21

The 20.22 acres mixed development township at Nilai, Seremban is built for families and communities with freehold homes and commercial segment tailored for individuals with different needs.

Myra general manager Wendy Lim said Myra Impian comprises five phases that encapsulate two serviced residences catered to young individuals and other commercial facilities. It is a township designed to adapt to the homebuyers’ needs in different stages of life and is conceptualised in collaboration with architecture firm Veritas.

Slated for first phase launch in Q4’21, Ara Serviced Residence@Myra Impian is the company’s first serviced residence. With 3.459 acres and a GDV of RM203.75 million, Ara Serviced Residence @ Myra Impian comprises 546 residential units with eight different layouts with prices ranging from RM279,720 to RM585,900.

99 Residence’s launch - 300 Units Sold

OVER 300 units were sold and another 300 booked on the first day of 99 Residence’s launch.

JL99 Group chairman Datuk Seri Jeff Lee said he was confident the project would attract buyers despite the soft property market.

“I believe if the master plan, concept, design, location and pricing is good, the project will succeed.

“We have sacrificed 250,000sq ft of net saleable area to lower the density and build bigger common areas and facilities.
“The 55-storey high development will have nine car park floors.

“A ramp will be built for residents to have direct access to the seventh floor of the car park.

“A flyover will be built connecting Middle Ring Road 2 to the property for easy access.

“This is the first phase of our project which involves 1,421 units of affordable luxury homes, due to be completed by the end of 2023.

“The next two phases are residential apartment and mixed commercial developments, ” he said at the 99 Residence launch at JL99 Group head office in Jalan Ipoh, Kuala Lumpur.

Also present were Federal Territories Minister Khalid Abdul Samad and Batu MP P. Prabakaran.

Lee said those who purchased a unit in October would receive a lot of free gifts, including exemptions from legal fees and fittings for the home.

There are four types of layout – 900sq ft, 1,080sq ft, 1,220sq ft and 1,380sq ft. Each unit has three bedrooms and two bathrooms, with two to four parking bays.

The selling price is from RM498 per sq ft and maintenance fee, RM28sen per sq ft.

Source: https://www.thestar.com.my/metro/metro-news/2019/10/10/300-units-sold-on-first-day-of-high-rise-projects-launch

Ho Hup’s the Crown Service Suites Is 60% Taken Up

KOTA KINABALU: Ho Hup Group’s maiden project in Kota Kinabalu, The Crown Service Suites, is 60% taken up. The project, which carries a gross development value (GDV) of RM590 million, was soft-launched in June last year.

“Despite the soft market, the response to The Crown Service Suites has been encouraging. We believe the property market here is still going strong,” said Ho Hup Group chief executive officer Datuk Derek Wong Kit-Leong at the unveiling of The Crown sales gallery on Saturday. The event was officiated by Sabah Chief Minister Datuk Seri Mohd Shafie Apdal.

“We witnessed tremendous growth in Kota Kinabalu recently, particularly in infrastructure, and in tourist arrivals from countries such as China, Korea, Japan and Hong Kong. This fuels the tourism real estate sector here,” Wong said.

The Crown Service Suites comprises four towers of 14-storey service suites with 323 units in total. The units range from 1,360 sq ft to 1,986 sq ft and are priced between RM1.26 million and RM2.43 million. Meanwhile, its duplex units and penthouses are priced between RM3.07 million and RM4.61 million.

“The pricing of The Crown Service Suites units is competitive. Neighbouring developments in the area are charging between RM1,300 and RM1,500 psf (per square foot) compared to The Crown Service Suites (RM900 psf). There is definitely more room for capital appreciation for our buyers,” said Wong.

“Our units are sizeable, and we are targeting both the local and foreign markets such as Brunei and Hong Kong. We aim for a good mix of owner-occupiers and investors. This is also a commercial titled development, hence operating Airbnb is allowed,” he added.

The Crown Service Suites forms part of The Crown mixed development. The Crown has a total GDV of RM900 million comprising four towers of 14-storey service suites (323 units), one tower of 14-storey hotel (376 rooms), and a two-level commercial and retail component (50,000 sq ft).

Sitting on 4.988 acres (2.02ha) of land, The Crown is located in Kota Kinabalu city centre, facing the Sutera Harbour and KK Waterfront. It is also located next to the Kota Kinabalu Sentral Main Bus Terminal and is 6km away from the Kota Kinabalu International Airport. Nearby landmarks include The Crowne Plaza Hotel and the Imago Shopping Mall. The leasehold development is due for completion in late 2021.

Ho Hup was formed in 1960 as a construction company, and was listed on the Main Market of Bursa Malaysia in 1991 as Ho Hup Construction Company Bhd.

The group has since diversified its activities through three main divisions: construction, civil engineering and property development. Its portfolio of projects includes Aurora Place and Aurora Sovo in Bukit Jalil.

Source: https://www.theedgemarkets.com/article/ho-hups-crown-service-suites-60-taken

Swiss-Garden Hotel and Residences, Genting Highlands, offer guests cool climate

THE 11th and latest addition to the Swiss-Garden International Hotels, Resorts and Inns family has been unveiled.

Swiss-Garden Hotel and Residences, Genting Highlands, offer guests cool climate with average temperatures of between 19°C and 25°C.

It is also the hotel chain’s third in Pahang, with the other two being Swiss-Garden Beach Resort Kuantan and Swiss-Garden Resort Residences, Sungai Karang.

Pahang Mentri Besar Datuk Seri Wan Rosdy Wan Ismail launched the hotel by signing a plaque.

Also present were OSK Group executive chairman Tan Sri Ong Leong Huat, OSK Group executive director Datuk Saiful Bahri Zainuddin, OSK Group managing director Ong Ju Yan, Swiss-Garden International chief operating officer Peter Gan and hotel general manager Sonny Gan.

To mark the event, there was a muhibah drum performance, ribbon-cutting ceremony and lion dance.

Saiful said the 40-storey hotel, which has 561 rooms, is a 40-minute drive from Kuala Lumpur and caters to both leisure and business travelers.

He said guests could also look forward to dining at the Garden Terrace Café which is located on the fifth floor with panoramic views of the highlands.

“The café has indoor and outdoor dining options and serves local and international dishes.

“It is a perfect venue for events and meetings and can accommodate up to 300 guests,” said Saiful.

The residences block is expected to be opened to the public by the end of October.

The Alcove on Level 41 is ideal for wedding receptions, business meetings and private events.

Other facilities include an indoor gym, rooftop heated pool, outdoor jacuzzi, squash and tennis court, and playground. There are 500 parking bays for the hotel and residences.

Guests can take advantage of the nearby theme park, casino, entertainment, cinema as well as the dining and retail options including the Genting Highlands Premium Outlets.

Wan Rosdy said the Pahang government practises an open-door policy and welcomes investors.

He said during a recent state government trade mission to Singapore, they attracted investments worth about RM1.13bil.

The hotel is located at Windmill Upon Hills, Jalan Permai, Genting Highlands, Pahang.

Source: https://www.thestar.com.my/metro/metro-news/2019/10/01/new-place-to-stay-in-the-highlands

Hilton, PNB open first Conrad luxury brand in Malaysia

KUALA LUMPUR: Hilton, a leading global hospitality company, has signed a management agreement with Permodalan Nasional Bhd (PNB) to open the Conrad Kuala Lumpur here.

Slated for completion in 2021, the entry of the 544-room new-build hotel will mark the launch of Conrad Hotels & Resorts, Hilton’s global luxury brand, into the country. Conrad Kuala Lumpur will be part of Hilton Honors, the award-winning guest-loyalty program for Hilton's 17 distinct hotel brands.

"We are excited to continue expanding our footprint and portfolio of brands across the country by working with the right partners on the right opportunities.

"PNB is a highly regarded investment institution in Malaysia and we are truly honoured to be working alongside them to introduce our luxury Conrad brand to the burgeoning market,” said Hilton's senior vice president (development, Asia & Australasia) Guy Phillips, in a statement here today.

In Malaysia, Hilton currently operates 11 properties across three key brands -- Hilton Hotels & Resorts, DoubleTree by Hilton and Hilton Garden Inn.

Over the next three to five years, the company is targeting to open nine hotels, including five under the DoubleTree by Hilton brand, as well as the introduction of lifestyle brand, Canopy by Hilton. 

Source: https://www.thestar.com.my/business/business-news/2019/10/02/hilton-pnb-open-first-conrad-luxury-brand-in-malaysia

Toyo Tyre Malaysia Sdn Bhd (TTM) officiated its new plant in Kamunting Raya

KAMUNTING: Tyre maker Toyo Tyre Malaysia Sdn Bhd (TTM) officiated its new plant building here on Thursday (Oct 3).

The phase two plant expansion project was divided into two stages, including the construction of the new plant and installation of additional production equipment.

The state-of-the-art manufacturing facility is located on a 59.9ha site in the Kamunting Raya industrial area.

Toyo Tire Corporation president and chief executive officer Takashi Shimizu said the plant would not only reinforce the brand’s global tyre manufacturing capabilities but also serve as a “hub for global supply” to various markets such as Europe, Japan, the Middle East, the United States and Asia.

“Our investment is due to the country’s political stability, sustainable economic growth, conducive investment environment, good infrastructure, as well as highly skilled, and productive, workforce, ” he said in his speech during the launching of the plant.

Shimizu thanked both the Federal, and Perak governments for the cooperation and support in making TTM what it is today.

The guest-of-honour at the event was deputy International Trade and Industry Minister Ong Kian Ming while TTM president Mike Toh was also present.

Toh said with the new plant in place, approximately 500 employees would be hired to add to the current 1,100 workforce following the plant’s first stage of expansion.

“With the first stage to be fully completed by May 2020, this would increase production capacity by another 2.4mil tyres to a total capacity of 7.4mil per year.

“This would make TTM the largest tyre plant in Malaysia, ” he added.

Ong, in his speech, said the ministry was happy to witness the realisation of quality investments such as these, which will contribute to the employment and livelihood of the local community.

“I was informed that since its establishment in 2011, Toyo Tyres Malaysia has invested more than RM1.1bil in the country and it employs over 1,000 workers, of which 99% comprise locals.

“This factory serves as a hub for the Group’s global product supply and is currently producing five million tyres annually for domestic and export markets.

“I am pleased to note that phase two, among others, will increase production to 7.4 million units and create additional employment opportunities for some 500 locals, ” he added.

Source: https://www.thestar.com.my/news/nation/2019/10/03/tyre-maker-launches-new-plant-building-in-style