Lowyat.NET: Latest topics by wll6568

Property rental manager?

wll6568 — Sun, 15 Oct 2017 20:56:02 +0800

Does KL have like rental manager where they manage rentals in on-going basis? So far all i heard was they help you advertise and put someone in for you then charge a fee, and then hands off. What's the point if they bare no responsibility on rental collection, inspections, etc? Does this thing not exist in Malaysia?

How much is iPad Pro?

wll6568 — Fri, 18 Dec 2015 07:11:14 +0800

Does anyone know the market price for iPad Pro 32G?

Where to service BOSE Soundlink Mini

wll6568 — Fri, 18 Dec 2015 07:10:28 +0800

Does anyone know where to service BOSE Soundlink Mini speaker? Mine is not working anymore I think something inside must have died. Anyone know where I can service it in KL?

Harrods Hotel not happening?

wll6568 — Wed, 14 Oct 2015 19:40:17 +0800

QUOTE

THOSE who had headed for Jalan Bukit Bintang through Jalan Raja Chulan in the last couple of weeks would have noticed that the hoarding for the site earmarked for the Harrods Square project has been replaced by a new one — minus any reference to a Harrods Hotel.

This move suggests that the plan for Malaysia to host the world’s first Harrods Hotel may have fallen through.

Tan Sri Syed Mokhtar Albukhary, Tan Sri Desmond Lim Siew Choon and Qatar Holding LLC were to set up a tripartite joint venture to open the luxury hotel in the Bukit Bintang enclave in 2018.

Previously, the hoarding displayed the words, “Harrods Hotel — First In The World” and an artist’s impression of the buildings of the development, the top of one of which was inscribed with the word “Harrods”. Today, however, the “advertisement” has been replaced by “A New 5 Star Luxury Hotel” while the inscription has been removed.

Numerous calls and messages sent to Ooi Ah Heong, the adviser for the project, went unanswered. It remains unclear whether the project has lost just Harrods Hotel or if it has also lost its investment partner Qatar Holding.

The industry was anticipating Harrods Hotel to set the benchmark for luxury hotel rates that were higher than those expected to be set by Four Seasons Place Kuala Lumpur. As the first in the world, the Harrods Hotel brand was to have been in the same league as the Bulgari and Armani hotels.

Sources say Harrods Hotel may no longer be opening here because its average room rate of over RM1,000 a night may be unachievable here, considering that Malaysia is known to have one of the lowest, if not the lowest, room rates in the world.

It has been over three years since Qatar Holding, a unit of Qatar Investment Authority (QIA) and the owner of the Harrods brand and retail business, announced its intention to open hotels in not only Kuala Lumpur but also London and Sardinia in Italy.

Qatar Holding’s vice-chairman Dr Hussain Ali Al-Abdulla said at a press conference in July 2012 that the company had done due diligence and planned to build a Harrods hotel, apartments and retail units in KL. He indicated that Malaysia was likely to host the world’s first Harrods Hotel. Qatar Holding signed a memorandum of understanding with Jerantas Sdn Bhd, the developer of the property, to explore the viability of a Harrods Hotel in Bukit Bintang.

At the same event, Ooi, who represented Jerantas, said that the land for the project had been acquired for RM1,800 psf in a government tender.

Subsequently, in January 2013, a ground-breaking ceremony was held with great fanfare at Restoran Seri Melayu, which is located on the 150,609 sq ft site. The restaurant then made way for the development, signalling that the partnership had progressed beyond the MoU. Furthermore, the building housing Chulan Square on the adjoining 53,970 sq ft plot was torn down and the whole site was fenced up.

However, following a land search at the Federal Territories Director of Lands and Mines Office, in January and April this year, The Edge discovered that the two parcels had yet to be transferred and instead remained in the name of the Federal Lands Commissioner and Datuk Bandar Kuala Lumpur. In 2009, a registrar’s caveat had also been entered on the parcel held by the Federal Lands Commissioner.

This April, The Edge highlighted the possibility of the project being scrapped altogether as the new regime at sovereign wealth fund QIA was reviewing all pending projects initiated by the previous management, including investments by Qatar Holding. QIA has had a new chief — Sheikh Abdullah bin Mohammed bin Saud Al-Thani — since December 2014.

Meanwhile, there have been corporate developments at Jerantas, which is 34%-owned by Syed Mokhtar’s PS Trading Sdn Bhd and 66% by Lim and QIA joint-venture Gagasan Simfoni Sdn Bhd. It is understood that PS Trading has now been removed from under the purview of Tradewinds Corp Bhd but continues to be under the control of Syed Mokhtar. At least two directors — Datuk Poh Pai Kong and Shaharul Farez Hassan — no longer sit on the Jerantas board.

There is also a question mark over the stake in Gagasan Simfoni that is supposed to be equally held by Lim and Qatar Holding. A search on the Companies Commission of Malaysia’s website shows the shareholders to still be Datuk Manan Md Said and Raja Sa’adi Raja Amrin.

If the initial development plan was anything to go by, the mixed-use luxury project was to feature four blocks comprising a 27-storey hotel with 102 rooms and 60 serviced apartments; a 61-storey building with 508 serviced apartments and four floors of commercial and retail space; a 52-storey building with 516 serviced apartments and commercial and retail space; and a 31-storey office building with a food court and daycare centre.

The development was to have been connected to Pavilion KL through an underground passage as well as by a pedestrian bridge.

Pavilion KL is owned by the Pavilion Real Estate Investment Trust (Pavilion REIT), in which Lim has partnered QIA. It is understood that Lim also partnered QIA on the development of the mall fahrenheit88, which is located directly opposite Pavilion KL in Jalan Bukit Bintang. Yet another project in which both parties have partnered is Pavilion Banyan Tree Signatures, a serviced apartment development in Jalan Conlay.

http://www.theedgeproperty.com.my/content/...bragging-rights

Anyone knows?

Pedestrian only jln Bukit Bintang?

Thu, 01 Jan 1970 07:30:00 +0800

Pedestrian only jln Bukit Bintang?

wll6568 — Tue, 06 Oct 2015 11:18:12 +0800

Was in Bk Bintang last week, and was thinking.... why not turn the section in front of Pavilion mall into pedestrian only and block cars from accessing it? Would make the place so much better and tourist friendly... Also many of the changkats around should be pedestrians only, such a pain crossing roads around there.

Hyatt @ Mont Kiara

wll6568 — Thu, 09 Jul 2015 20:03:32 +0800

Does anyone know where the hotel will be located in MK?

QUOTE

KUALA LUMPUR (July 9): UEM Sunrise Bhd has entered into a management agreement with Hyatt Hotels & Resorts for a Hyatt House hotel in Mont’Kiara, Kuala Lumpur, which is expected to open in 2017.

In a statement today, Anwar Syahrin Abdul Ajib, managing director cum chief executive officer of UEM Sunrise, said the management agreement is a significant milestone that marks the group’s inaugural venture into the hospitality industry.

“Hyatt House Kuala Lumpur, Mont’Kiara addresses the needs of businesses and leisure travellers in the affluent Mont’Kiara enclave and its wider surroundings.

“We are proud to enter into a management services agreement with Hyatt, and to bring Hyatt’s extended stay experience to Malaysia,” said Anwar.

He added that the move will service the group’s efforts in expanding its portfolio.

The hotel will feature approximately 298 guestrooms, a three-meal restaurant, meeting spaces measuring 3,100 sq ft, a fitness centre and a sky pool. It will also be the first Hyatt House brand to be launched in Malaysia.

At 10:46am, UEM Sunrise rose 1.58% or 1.5 sen to 96.5 sen, giving it a market capitalisation of RM4.31 billion. The stock saw some 1.11 million shares done.

http://www.theedgeproperty.com/my/content/...l-mont’-kiara

Airtrollis

wll6568 — Sat, 13 Jun 2015 20:52:42 +0800

What do people think about this project? Is it worth buying?

Any new launch in/ around sentral station?

wll6568 — Thu, 11 Jun 2015 14:01:06 +0800

Looking to get a place for own stay, preferably around Sentral (hopefully walking distant without needing to catch taxi)? Either service apartment or residential would be good. Anyone knows any?

Got potong by taxi driver :(

wll6568 — Mon, 05 Jan 2015 10:50:58 +0800

I was taking a cab from Bukit Bintang to KL Sentral by the blue cab. I am not local KL so not that familiar with the road but do know the direction by looking at those iconic buildings. Moments after I sat into it, I realized... how come I am at Kampung Baru direction, then quickly opened up my Google Map then found the pok gai taxi driver driving the anti clock wise direction (the longer route), via Tun Razak Highway all the way to KL Sentral!!!! I ended up paying RM30 for it!!! Sooo marah!!! I asked the driver if he's taking the longer way (which I know he is) but he just said no, this is the way to KL Sentral, u can see the sign at the road side. Because I am not local, and he drives so fast and u know that area got some bushy bushy forest, I scare later he dragged me to some kampong and XXXX me =.="... so I just let it be...

Just want to ask what is the way to avoid this kind of situation? Should I have told the driver, no highway or smth like that at the first place??? How can a non-local feel safe taking a taxi??

Any new launch in klcc below $1000spf?

wll6568 — Wed, 17 Dec 2014 16:39:42 +0800

Any new launch in klcc below $1000spf?

LO from the bank

wll6568 — Mon, 08 Dec 2014 13:38:55 +0800

Does anyone know how often would the bank reject you after they have released LO to you? Not quite familiar with Malaysia but in Aus we can do "subject to finance" in contracts. What if SPA is signed but later final stage bank decided not to lend you money? Can it happen?

Has KL Metropolis development started

wll6568 — Sat, 15 Nov 2014 22:32:18 +0800

Does anyone know if the project has kicked off yet or still talk talk only? According to this news article, it says constructions already started in late 2012, and will be completed by 2016?? Is it true?

http://www.thestar.com.my/Business/Busines...lass/?style=biz

MRT completion dates

wll6568 — Sat, 25 Oct 2014 17:39:03 +0800

So the line 1 is said to be due in 2017, does that mean line 2 the circle line probably won't be completed until 2021, 2022?

Puchong or Mont Kiara

wll6568 — Sat, 25 Oct 2014 14:52:49 +0800

Which one would you buy to invest if you have a budget of 2 mil? And reasons/ views.

How do investors rent out condo?

wll6568 — Wed, 22 Oct 2014 07:24:23 +0800

I am not familiar with Malaysian market, would appreciate if any shi fu share some lights on this.... Now, as coming from overseas, many would agree Msian properties are still very cheap comparing to other nations. But what about rental.

How long does it generally take to lease out a condo? I searched on some of the so called No 1 property portals sites in Malaysia, and found that there are tremendous amount of listing in just any districts. I am wondering if these listing are real? How can there be 5000+ condos looking to rent in Mont Kiara where there's only about 10k of residence, or 1000+ in Puchong or 3000+ in Bukit Bintang? Do people always just spend 1 year or 2 looking for tenant and still the capital appreciation is strong??

Where do most people/ expats usually look for condo to rent?