If you are wondering, eh why is the rendering is different again. Yes, they changed the rendering yet again. It is a 10 years development so expect more changes during the 10 years duration.

Picture Source : Patchay @ skyscrapercity.com

 Developer SP Setia Bhd (8664) plans to launch its RM6 billion "green" mixed development opposite Mid Valley Megamall in Kuala Lumpur by July next year, its chief said.

The project, to be known as KL Eco City, will be developed in three phases over at least 10 years.

It will be a joint venture with Kuala Lumpur City Hall (DBKL), which owns the 9.7ha leasehold land in the Kampung Haji Abdullah Hukum area.

SP Setia first announced its intention to develop the land almost a decade ago, but had faced problems with squatters in the area, among other things.
"That project has been approved. We hope to launch it by the third quarter of our 2010 financial year ... and start work on it even earlier if we can," president and chief executive officer Tan Sri Liew Kee Sin told reporters at the company's results briefing in Shah Alam, Selangor, yesterday.

DBKL will be its partner on a profit-sharing basis, taking 20 per cent of the project's net profits, he said.

SP Setia will develop office, commercial and retail space in the first phase; condominiums in the second; and signature offices in the third.

Liew ruled out building another mall.

"We'd like (our development) to complement Mid Valley. We think there's a market for niche shops," he said.

KL Eco City is expected to start contributing to the developer's bottom line in its financial year ending October 30 2011.

Liew acknowledged that there would first have to be a lot of work done to ease traffic congestion in that area.

SP Setia will spend RM250 million of its own funds over this financial year and the next to improve the infrastructure there. The KTM Komuter station in that area will have to be relocated, he said.

Liew also said that KL Eco City would be the first total integrated development to apply for the Green Building Index "gold standard".

Property analyst Ong Chee Ting of Maybank Investment Bank said the project would be feasible if well planned.

"It's a prime area and the developer has a strong brand name. So I don't see why it should fail," he told Business Times.

 Source : Business Times

 Good news to Mid Valley City fans, Sp Setia & DBKL will spend RM 250 million to upgrade the infrastructure. Meaning LRT bridge to MV, Upgrade of roads enterting and existing, more public transport & etc.

 "We'd like (our development) to complement Mid Valley. We think there's a market for niche shops," he said.

 Yes, join forces to complement each other. Thats the spirit. A world class integrated city with IGB Corp & Sp Setia.

So far, everything seems to be good news, good news & good news.

Property developer IGB Corp Bhd (1597) is planning the last phase of development at Mid Valley City (MVC), which will feature two high-rise office towers worth an estimated RM1 billion.

Group managing director Robert Tan Chung Meng said IGB is awaiting approvals from the authorities and hopes to start construction in early 2010.

The two towers, which will be built similar to the existing 35-storey The Gardens North and South Office Towers, will offer 600,000 net sq ft of commercial space, Tan said.

They will be built on a 0.8ha site, which was originally meant for a convention centre, and later two blocks of high-end condominiums.

"We were toying with the idea to build condominiums or office towers. There are some residential developments coming up opposite MVC and we don't intend to compete with them," Tan said.
"MVC has become very much a commercial and retail hub so we decided to go with the office towers to take advantage of the development's MSC status, and to cater for rising demand," he added.

Tan was speaking to Business Times in Kuala Lumpur at the launch of Mid Valley City MSC Malaysia Cyber Centre One Stop Centre recently.

The centre was launched by Multimedia Development Corp chief executive officer Datuk Badlisham Ghazali.

Mid Valley City Sdn Bhd executive director Anthony P. Barragry also attended the event.

MVC received MSC Malaysia Cybercentre status on September 11 2008 under the MSC Malaysia National Roll-Out plan.

IGB pumped RM15 million into MVC, to enable fibre-optic connectivity through-out the mixed-development hub.
Barragry, meanwhile, said IGB will apply for MSC status for the two new office towers and it expects the take up for the properties to be as good as The Gardens North and South Towers.

According to Barragry, the North and South Towers are currently 95 per cent and 65 per cent leased, respectively.

Revenue from office rentals, which stood at RM55 million last year, is also expected to rise this year.

He added that MVC would make up more than 41 per cent of IGB group revenue for the year ending December 31 2009. 

Source : Business Times

Clarks’ First Global Store in Malaysia

Clarks’ First Global Store in Malaysia

at Mid Valley Megamall Kuala Lumpur!

October is the Breast Cancer Awareness Month . Many shopping mall has been putting huge pink ribbons, changing their lights pink and have Breast Cancer awareness program. Last week, KL Tower turn their building pink.

 Now it is Mid Valley's turn and they turn the whole mid section pink with pink lights. Take a look.

 After months of renovation, Mid Valley's new fountain is finally in operation. I went to take a few photos. Hope you guys like it.