It is great that Kampung Baru is being review for future development as the traffic there is really bad. Also good that in this news, FT Ministry Khalid Abdul Samad said that they will preserve Malay elements and protect the identity and history.
The news is refer from EdgeProp.my
PETALING JAYA (July 28): The Federal Territories (FT) Ministry will review the Kampung Baru Detailed Development Master Plan (PITPKB) as part of ongoing efforts to redevelop the 118-year-old village in the heart of Kuala Lumpur, reported Bernama.
According to FT Minister Khalid Abdul Samad, the development of the village is necessary and he will discuss the matter with Prime Minister Tun Dr Mahathir Mohamad to come up with an alternative approach that will not cost the government a lot.
“I will discuss this matter with the Prime Minister, perhaps he has his own vision of Kampung Baru’s development, because this needs a clear plan.
“If Kampung Baru is not developed properly, it could cause congestion,” he told reporters after visiting the Kampung Baru Development Corp yesterday.
He and FT Ministry secretary-general Datuk Seri Adnan Md Ikshan spent an hour yesterday at the question-and-answer session that involved 100 Kampung Baru folks.
He said the ministry will also consider plans to keep the Malay elements in Kampung Baru to protect its identity and history and gave his assurance any decision made would benefit the families of the village’s original residents, without ignoring their rights.
“At present, efforts are being made to resolve the issue of land possession and to get the agreement of the landowners, this takes time and compromise from all parties.
“We will try to get the agreement as soon as possible and the developer has to make an offer which is on par with today’s market (price). Hopefully, it is a solution which satisfies all parties and I will make sure that the owners or families are not cheated,” he said.
Brand... Status... It come with a price...
Is this Malaysia’s most expensive office suite?
Refer from edgeprop.my
Amid Malaysia’s soft office market, luxury serviced office and co-working space provider Colony Space Asia Sdn Bhd revealed a prototype for its future luxury office suites called Jamestown Suite today.
The company touts it as the most expensive office suite in the country, with monthly rents of RM46.50 psf – or RM10,000 for a 215 sq ft space designed for one occupant.
CBRE | WTW managing director Foo Gee Jen said at RM46.50 psf, it will surpass the average RM15 psf that Menara 3 commands, which is currently the highest in the Kuala Lumpur city centre, possibly even the whole of Malaysia.
However, he stressed that co-working spaces typically have short leases and come with additional features and services.
Indeed, expect amenities such as a fully stocked mini bar, lounge set, flat screen TV, personal butler service and even a Google Home device that acts as your personal assistant by updating you about your daily schedule, turning on the lights or even drawing the curtains in the suite.
"One thing all co-working spaces and serviced offices share in common is that we spend a lot on common areas but the offices themselves where our guests spend the most time are generally basic with just a simple table and chair.
“At Colony we care a lot about our guest experience and that includes the experience they have in their own offices.
“So we're pioneering this new concept which we believe will eventually become the standard of the industry,” said Colony Space Asia founder Timothy Tiah in a statement today, adding that he hopes to pioneer the concept of "workcation" by allowing users to rent the room for RM300 a day.
Meanwhile, Colony general manager Nitaya Pirinyuang added that a price war has erupted due to higher competition among service providers offering similar-looking spaces.
“Our unique offering and premium market has allowed us to raise rates in the past year and we're constantly looking at ways to increase the value we provide our guests which correspond to higher rates,” said Pirinyuang.
Indeed, it appears to be bucking the trend by charging a premium – higher stock of spaces have pushed vacancies up and pressured rents, with the average gross rent for buildings in the CBD at RM2.26 psf per month, said JLL Property Services (Malaysia) Sdn Bhd in February.
The first Colony co-working space is located in Vipod Residences at Jalan Kia Peng, KLCC.
The company recently launched its second co-working space on July 18 at KL Eco City, on the fringe of Kuala Lumpur.
It is expected to open its third location by the end of this year at Q Sentral in KL Sentral and has disclosed RM20 million in funds raised to build spaces since its inception.
New Experience of Shopping
Hi all, have you all aware lately that Shopping Mall have added in some new feature to help benefit the shoppers to have an new experience in their mall?
This happen in Sunway Pyramid. Have you seen the changes? The visual, hearing, the aroma and even the skin senses...
If you have not aware on this, here is the new experience is done in Sunway Pyramid.
The article is refer from www.starproperty.my
Mall plays with soundscape to create an experiential journey
A transformation that involves the senses of sight, sound, smell and touch
PETALING JAYA: As a mall that has been in business for 21 years, Sunway Pyramid saw the strategic importance of creating experiences for their shoppers in face of intense competition both from the onslaught of online shopping and more new malls opening in the Klang Valley.
Those who visited Sunway Pyramid recently may have seen and enjoyed the stack of escalators that connects the upper-level car park floors to the retail floors through its latest asset enhancement exercise worth approximately RM250,000.
Dubbed as ‘Oasis Garden’, the exercise saw the creation of a rainforest-like environment across six floors of escalator decks through creative use of sight, sound, smell and touch in generating a life-like experience.
“When we were identifying the areas to bring out the soundscape, the escalators stood out in terms of importance and conduciveness. As two-thirds of our mall traffic utilises those escalators which translated into two million visitors per month, the location represented a strategic value to make an impression to a great number of visitors,” said Sunway Malls & Theme Parks chief executive officer HC Chan.
“The whole idea of Oasis Garden was to create a pleasant transition for people walking from the parking bays to the retail space and vice versa,” he continued.
“Furthermore, the car park is a relatively harsh environment without air-conditioning. The mall can be a very crowded place, and the sight of a rainforest-like garden helps to change the feel and mood of the shoppers, allowing them to experience something soothing, refreshing and therapeutic, said Chan.
The escalators, connecting CP7 to CP2 parking floors at the Orange Atrium, now features artificial greenery with sounds of birds chirping, crickets, frogs and monkeys. The sounds of flowing water and gushes of wind complemented the entire “garden”, creating an immersive sound experience for shoppers.
“To ensure we achieve the right soundscape, we sought the assistance of Professor Matthew Sansom, the associate dean of Sunway University School of Arts and Head of Performance and Media. He has had 20 years of experience working with sound and he explores the relationship of sound with people and the environment,” said Jason Chin, General Manager of Operations for Sunway Malls.
“The sounds of nature helped to mask the sounds of the escalator mechanism, car screeches, and just general white noise from the crowd. Authentic sound from 17 species of birds was used to create this soundscape,” Chin explained.
The mall has further enhanced Oasis Garden with scents of the forest, to create an even more wholesome experience for its shoppers.
In many ways, Oasis Garden also serves as an awareness that Sunway is committed to the United Nation’s Sustainability Development Goals. Rainforests play an essential role in ensuring the eco-system of life on land is well preserved.
It took the mall over six months to get Oasis Garden to where it is today.
“We also have a Paradise Garden in Lower Ground 1, just outside the Blue Entrance. It’s a seating area with real plants since it’s in the outdoors but the next area we are looking at to implement soundscape is our newly-refurbished Main Entrance at the Ground Floor. Professor Sansom is currently studying the area,” said Chin.
“Our success with Oasis Garden shows that we can turn science into art, and we can translate a space into something people can enjoy. When a visit to the mall is delightful, we know we have done something right for our shoppers,” concludes Chan.
Asset enhancement exercises are common for Sunway Pyramid as the mega mall went through a series of activities to keep abreast. It underwent an extensive renovation and expansion back in 2007 and added a new retail podium known as Sunway Pyramid West in 2015.
Amongst the various priorities to sustain a retail or mall business, customer loyalty is a significant priority.
However, the quest for customer loyalty has become increasingly challenging with evolving expectations.
Not only do customers at present have a high expectation of service and quality of products, but they have also come to expect more holistically and gravitate towards brands who can creatively engage with them.
In recent times, such demands created the need for retailers and malls to expedite and embrace what is termed as ‘experiential shopping’ in a bid to ensure their continued relevancy.
In this section we will be sharing on articles & news update related real estate and some other interesting topics.