By IAN MCINTYRE
KOTA BARU: The first phase completion of a RM300mil mixed development project in Jalan Raja Dewa here in 36 months will transform the skyline of the state capital.
The Dataran Raja Dewa project was hailed as an iconic real estate boost for Kelantan with the building of a twin towers of 31 storeys, said developer Petraz Holdings Sdn Bhd managing director Datuk Dr Stanley Chew.
Sited on 6.3ha, the project would showcase Islamic architecture, he said after signing a memorandum of understanding between the Kuala Lumpur-based Petraz and the Kelantan government last Wednesday.
Datuk Dr Stanley Chew (right) exchanging documents with Kelantan State Secretary General Datuk Mohd Aiseri Alias after the signing ceremony. With them is Deputy Mentri Besar Datuk Ahmad Yaakob.
Dr Chew said Petraz had 23 years' experience in the property market with its niche in the warehousing industry in Klang, Selangor.
On Petraz’s foray into Kelantan, he said real estate was reaching saturation levels in other states while Kelantan was an emerging market.
“There is potential here so we have come to seek the opportunities while bringing about modern development to the town,” Dr Chew said.
He said the developer was discussing with potential anchor tenants including five-star hotel operators, hypermarket operators and shopping mall operators about the commercial aspect.
The shophouses would likely be leased by state government departments and local merchants, he said, adding that the first phase would be ready in 36 months and the second by 2014.
Besides bringing in new commercial enterprises and investments, the project is set to become a new landmark for Kota Baru.
The project comprises 40 units of three-storey shophouses, four blocks of five-storey office lots, twin 31-floor office lots, an eight-storey building which can house trade exhibitions and a three-storey car park.
There are also two 12-storey service apartments and 126 town houses in the project.
The Star Online
Tuesday, April 22, 2008
Wednesday, January 30, 2008
Mydin proposes to build country’s biggest hypermarket in Kelantan
By IAN MCINTYRE
KOTA BARU: MydinWholesale Emporium Sdn Bhd plans to establish the biggest hypermarket in Malaysia at the New Tunjong Township here.
The proposed RM100mil facility would sit on 7.2ha with a floor space of 650,000 sq ft and generating about 3,000 of direct and indirect employment opportunities.
Earthworks on the latest outlet should begin by July and operations commence within a year, said managing director Datuk Ameer Ali Mydin yesterday after the signing of a memorandum of understanding (MoU) between Mydin and Tunjong Development Corp Sdn Bhd, a subsidiary of Mentri Besar Inc, for the hypermarket project.
“It is a fast-track project and the construction of a hypermarket is not an arduous feat in terms of building and infrastructure. We are confident of unveiling it next year,” Ameer said.
Since Mydin started and grew in Kelantan, it was only appropriate for the supermarket and hypermarket chain to invest in the east coast state, he added.
The biggest hypermarket in the country currently is also owned by Mydin, which also operates 24 emporiums and another hypermarket.
The Subang Jaya, Selangor, facility has a built-up area of 500,000 sq ft.
Mydin is also embarking on an expansion exercise which would see it operating six more hypermarkets including the one in Tunjong by next year.
At the same event, an MoU was inked between Kelantan Utilities Mubaarakan Holdings Sdn Bhd, Perak-based Kinson Manufacturing Sdn Bhd and Kelantan Handicraft Foundation for the formation of a joint venture company called Masna Pipes Industries Sdn Bhd.
Masna will make and supply asbestos cement water pipes for the east coast market.
Kelantan Utilities is the parent company of state water utility Air Kelantan Sdn Bhd.
The Star 29/01/2008
KOTA BARU: MydinWholesale Emporium Sdn Bhd plans to establish the biggest hypermarket in Malaysia at the New Tunjong Township here.
The proposed RM100mil facility would sit on 7.2ha with a floor space of 650,000 sq ft and generating about 3,000 of direct and indirect employment opportunities.
Earthworks on the latest outlet should begin by July and operations commence within a year, said managing director Datuk Ameer Ali Mydin yesterday after the signing of a memorandum of understanding (MoU) between Mydin and Tunjong Development Corp Sdn Bhd, a subsidiary of Mentri Besar Inc, for the hypermarket project.
“It is a fast-track project and the construction of a hypermarket is not an arduous feat in terms of building and infrastructure. We are confident of unveiling it next year,” Ameer said.
Since Mydin started and grew in Kelantan, it was only appropriate for the supermarket and hypermarket chain to invest in the east coast state, he added.
The biggest hypermarket in the country currently is also owned by Mydin, which also operates 24 emporiums and another hypermarket.
The Subang Jaya, Selangor, facility has a built-up area of 500,000 sq ft.
Mydin is also embarking on an expansion exercise which would see it operating six more hypermarkets including the one in Tunjong by next year.
At the same event, an MoU was inked between Kelantan Utilities Mubaarakan Holdings Sdn Bhd, Perak-based Kinson Manufacturing Sdn Bhd and Kelantan Handicraft Foundation for the formation of a joint venture company called Masna Pipes Industries Sdn Bhd.
Masna will make and supply asbestos cement water pipes for the east coast market.
Kelantan Utilities is the parent company of state water utility Air Kelantan Sdn Bhd.
The Star 29/01/2008
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