Pavillion Damansara Heights – The New Metropolis of Damansara Heights

Pavilion Damansara Heights is crafted by the Pavilion Group and designed by world renowned Leonard Design Architects. It comprises the Pavilion retail galleria, service residences, premier residences and corporate towers that are now exclusively offered as a blue-chip investment opportunity.

Impian Ekspresi Sdn Bhd will undertake a mixed integrated development and redevelopment project over a 15.84-acre land at Pusat Bandar Damansara, ie. Phase 1: 9.5 acres & Phase 2 : 6.34 acres. The private company is indirectly controlled by Tan Sri Desmond Lim Siew Choon, who is the chairman and non-independent executive director of Pavilion REIT and also Malton Bhd's executive chairman. 

A development order has been submitted as follows : 

Pavillion Damansara Heights : Overall layout across 15.84-acre land

1. 1 block of 22-storey office
2. 1 block of 15-storey office
3. 1 block of 20-storey office
4. 1 block of 10-storey office
5. 1 block of 10-storey office
6. 1 block of 7-storey office
7. 1 block of 6-storey office
8. 1 block of 6-storey office
9. 1 block of 12-storey office
10. 1 block of 50-storey serviced apartments (405 units); consists of 46-storey serviced apartments and 4 facilities levels
11. 1 block of 50-storey serviced apartments (382 units); consists of 46-storey serviced apartments and 4 facilities levels
12. 1 block of 56-storey apartments (199 units); consists of 50-storey serviced apartments, 4 facilities levels, 2-storey penthouses on top of 4-storey podium retail space, 1-storey lower ground and 6-storey basements 

Office block summary

Pavillion Damansara Heights : Office Towers

The office block were sold by way of invitation and by enbloc sale at approximately 1500psf. 

The NLA for each block is at least 92,000sf with 8200sf each floor. 

Tenure : Freehold

Website :  http://paviliondamansaraheights.com/pavilion2.html

Project Review : 

Location : Served by 2 MRT stations which is expected to be operational by 2017. It is easily accessed to KL Sentral – gateway to KLIA & KLIA2, KLCC and the upcoming Tun Razak Exchange (TRX) – the upcoming international financial hub.

Pavillion Damansara Heights: Location

Design : New and trendy and top security system

Pricing : Top end pricing and the high-end area 

The serviced apartments are open for registration and soon will be open for sale.

Retail / shopping mall be will developed at the last phase of the development. 

Pavillion Damansara Heights : Shopping Malls

Further details of retail and serviced apartments will be provided when it is available. 

Upcoming launch : Sunway Geo Phase 2, Sunway South Quay by Sunway Group

Sunway Geo Phase 2 by Sunway Group, located at SouthQuay is planning for launch in Q2 2013. It is just next to Sunway Geo Phase 1 and where the South Quay is situated. There are a total of 45 units of 3-storey shopoffices and approximately 300 units flexi suites. It was sold at 9mil - 10mil for intermediate unit and 13mil-20mil for corner units varies according to sizes.

Upcoming launch : Sunway Geo Phase 2, Sunway South Quay by Sunway Group

Land size : 27' x 59' for intermediate unit
Total Unit : 45 units 3/s Shopoffices and 300 units flexi suites
Intermediate unit Selling Price : RM9mil - 10mil
Webpage : http://www.sunwayproperty.com/pd/sunwaygeo_3storey.asp

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Summary details of this project : 

Built-up area : 5600sf - 6500sf for intermediate unit

Tenure : Leasehold

Review :

Location : The project is connected with Malaysia’s First Proposed Elevated Bus Rapid Transit (BRT) – Sunway Line (completing in 2014). This BRT will connect to 2 train stations – Setia Jaya KTM Station and proposed LRT station in USJ. It has direct access from KESAS highway into Sunway South Quay, and easily accessible to all major highways

Design : The facade looks good. Stratified shopoffices , concept similar to Sunway Nexis. This is is a brand new seamless integrated development comprising Retail Shops, Flexi Suites and Residences where people will experience the very best of entertainment, work, and living.

Price : With an approximately 10% higher than Sunway Geo Phase 1, the project will certainly carry the value where it should.

My Notes : 
Location is good, modern and urban design cater to a new generation expectation. Sunway Geo is surrounded by over 7 million sq. ft. of award-winning facilities and amenities offered at Sunway Resort City, Bandar Sunway.

It is surrounded by educational institutions ie. Sunway University, Monash University Sunway campus, Jeffrey Cheah School of Medicines and Health Sciences and Sunway International School; Sunway Medical Centre, Sunway Pyramid and Sunway LagoonTheme Park, Sunway Resort Hotel & Spa are just five-stone away. 

Lend Lease Group Explore potential Shopping Malls in Malaysia

Lend Lease Group, Australia’s biggest developer, plans to expand in Malaysia to make up for a slowdown in residential sales and mining-related infrastructure projects back home. The company is in discussions to invest in about three development projects in Malaysia and expects to complete the first agreement by June 30, Chief Executive Officer Steve McCann said in an interview from Melbourne yesterday.

Lend Lease JV - Setia City Mall 

Lend Lease wants to lower its dependency on the home market to about 60 per cent of earnings in five years from 73 per cent as of December 31, McCann said. Malaysia’s growth exceeded 5 per cent in each of the five quarters through September, outpacing Australia’s average 3.4 per cent expansion in the same period. Lend Lease’s Asian Retail Investment Fund in May opened Setia City Mall in partnership with Malaysian developer SP Setia Bhd.

"Over time, say about five years, we’ll invest more capital overseas," McCann said. "There are a few

encouraging signs in the Australian residential market and there’s a bit more enquiry off the reduction in

interest rates but there won’t be a material turnaround soon in the land subdivision market." The

Sydney-based company’s future developments in Malaysia will be mixed-use projects dominated by retail

space, McCann said. Two of its planned projects in the country will be in Kuala Lumpur and one elsewhere, he said.

Lend Lease in October agreed to jointly develop a 10.9 acre site in a project that will include office, retail and hotel space and homes with Naza TTDI.

Upcoming Shopping Malls in Klang Valley

We always wonder whether there is an oversupply of shopping malls in Klang Valley. Here are some points to be noted all about shopping malls in Klang Valley. As of Feb 2013, there are currently about 210 shopping centres in Klang Valley. There are millions sq. ft. of lettable area will be ready for tenants in 5 years time.   

There are 6 shopping malls that currently in advance stage and will be completing in these 2 years. What are the six shopping malls that completing in 2013? The six include Nu Sentral in KL Sentral, Cheras Sentral in Cheras, KLIA 2 in Sepang, Encorp Strand Mall in Kota Damansara, D’Pulze in Cyberjaya and Market Hall @ Pudu along Jalan Pudu, commanding more than two million sq ft of nett floor space in total.

Encorp Strand Mall with the philosophy of ‘Anything But Ordinary’. The mall will feature a unique combination of boutique-style shopping with premium brand experience, carefully selected group of tenants for entertainment outlets and a multi-tiered security system.

Phase one of IOI City Mall in Putrajaya is set to be the largest mall in the south of Klang Valley with 1.35 million sq ft of nett lettable area. Upon completion in the fourth quarter of 2014, the mall with contemporary architecture will boast 350 specialty shops and four anchor tenants. IOI City Mall designed by RTKL International will have abundance of natural light and offer a view of the 18-hole Palm Garden golf course. The mall will house 80 food and beverage outlets, popular fashion brands, indoor theme park, cinema, bowling centre and a full-size ice rink.

How many more in the pipeline and what are the net lettable area that we are emphasizing on? Below is a tabulation of upcoming shopping in Greater KL more than 1 million sq. ft. : -

Item	Shopping Mall & Location	Net lettable aea
1	KL Metropolis Matrade Retail	11.4mil
2	IOI City Mall, Putrajaya	2mil
3	Boustead Retail Cochrane & IKEA	1.2mil
4	Subang Jaya City Centre	1.2mil
5	Empire City Thematic Malls	1mil
6	PJ Sentral Garden mall & Inddor SKI Area	1mil
7	I-city Mall with Central Group	1mil
8	The Paradigm OUG Shopping Centre	1mil
9	Jalil City Mall	1mil
10	Tropicana Metropark Mall	1mil
11	Tropicana Gardens Mall	1mil
12	Icon City PJ Shopping Mall	1mil

Check out the subsequent updates for more detail on this.