Tuesday, July 8, 2014

KL skyline to rival Dubai, New York and Tokyo

 A SLEW of mega-projects over the next six years will transform the Kuala Lumpur skyline to rival that of other vibrant metropolises, such as Tokyo, New York and Dubai.

Some of the higher profile, multi-billion ringgit mixed-development projects include the Tun Razak Exchange (TRX), Bukit Bintang City Centre (BBCC) and Warisan Merdeka.

These projects will push the nation’s architectural and engineering know-how to their limits and bring the living standards of Malaysians to new levels.

More importantly, they will highlight Malaysia’s desire to become the region’s new financial and business hub.

Running in tandem with these projects will be the ongoing upgrading works to bring the city’s public transport system and infrastructure to world-class standards.

If things go according to plan, the Warisan Merdeka development will boast the country’s new tallest building upon completion in 2019.

The Warisan Merdeka tower, coded KL118 Tower in the project’s procurement contracts to local and international firms, will be a new landmark of the country after overtaking the Petronas Twin Towers as being the world’s tallest twin buildings.

Worth some RM5 billion, the 118-storey, mixed-use tower, to be developed by Permodalan Nasional Bhd, will measure more than 500m in height, surpassing the 452m Petronas Twin Towers.

According to reports, the development will be on a 7.6ha site within the enclave of Stadium Merdeka and Stadium Negara. The two stadiums will be retained as national heritage buildings.

Meanwhile, led by 1Malaysia Development Bhd, TRX is slated to become a dedicated international financial and economic hub, promoting Malaysia as a new global economic growth nucleus.

The iconic structure in TRX will be a signature 71-storey office tower, scheduled for completion in 2018.

The overall 28ha real estate development, in the heart of the city, is intended to cluster together economic and financial sector players, where TRX will be the enabler and a model for easier cooperation.

TRX will form the new apex to the Golden Triangle, currently anchored by Kuala Lumpur Convention Centre to the north and KL Sentral to the west.

The first phase of the sprawling financial district is due to kick off in the middle of next year, with prime, Grade A office towers offering a gross floor area of between 750,000 sq ft and 1.2 million sq ft. The phase is estimated to generate a gross development value (GDV) of between RM5 billion and RM6 billion.

Over its 15 to 20 years of development, TRX is projected to generate a GDV of RM26 billion.

TRX will have a twin, and it’s called Bandar Malaysia, the redevelopment of the old airport in Sungai Besi.

Bandar Malaysia is 3km from TRX and has been promoted as having the most innovative solutions for liveability in a new urban ecosystem.

While its detailed masterplan remains scarce, especially on its iconic building, it is understood the project will have several tall residential and office towers.

The BBCC project, which was announced by UDA Holdings Bhd this week, is a redevelopment of the former Pudu jail site here into a mega-development worth up to RM10 billion.

BBCC will be developed on a 7.85ha site by a consortium comprising UDA as the landowner, Eco World Development Holdings Bhd and the Employees Provident Fund (EPF).

The consortium will set up a special purpose vehicle, of which UDA and Eco World will own a 40 per cent stake each, while the remaining 20 per cent will be owned by EPF.

The jewel in the crown will be an 88-storey signature tower, saif to be reminiscent of Burj Khalifa in Dubai, with a third of the tower set to comprise strata title offices, and the rest will feature up to 400 hotel rooms and exclusive condominiums.

Over to Jalan Duta, Naza Group is building KL Metropolis, which is envisioned to be the “International Trade and Exhibition City” for Kuala Lumpur.

Launched in late October 2011 spanning 75.5 acres, the project’s landmark building is the new Matrade Centre, which is learnt to be 90 to 120 storeys high.

The new building, according to Naza group, is set to become the epicentre for meeting, incentive, convention and exhibition activities with a developed space of one million sq ft.

*Taken from NST Online

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