RUMOURS

We keep an ear out for upcoming developments from our verified sources.

These rumours are only indications of intent from developers and therefore subject to change.

REDEVELOPMENT OF NAS PAVILION

84  redev nas pavilion

In 2014, MPHB Capital Bhd, controlled by Tan Sri Surin Upatkoon, aka K K Lau, was said to be resuscitating a long-abandoned project on the same road as Berjaya Times Square, at the junction of Jala...

In 2014, MPHB Capital Bhd, controlled by Tan Sri Surin Upatkoon, aka K K Lau, was said to be resuscitating a long-abandoned project on the same road as Berjaya Times Square, at the junction of Jalan Imbi and Jalan Sultan Ismail in Kuala Lumpur.There had been several failed attempts to revive the unfinished building on 1.4 acres of freehold land. Initially, in the 1990s, It was supposed to be CN Gallery by Metro Jelita Sdn Bhd including two office towers and a hotel block on retail podium. However, the project was abandoned during the 1997/98 Asian financial crisis. In 2004, Urban Shift Sdn Bhd took over the project and renamed it Nas Pavilion comprising three blocks of serviced apartments atop a retail podium. However, that too stalled, and the developer went into liquidation. In 2009, yet another developer had applied to revive the project with two blocks of serviced apartments, a 23-storey office block, two 22-storey blocks of condotel and a five-storey shopping podium with four basement floors. This did not get off the ground either.The new plans are said to involve another 2.8 acres in the immediate vicinity owned by MPHB, with an overhead link stretching across the nine-lane road to Club De Vegas. However, there is a pending court case with the acquisition of the land the club is on, so the project has been further delayed. MPHB Cap was on the lookout for a joint-venture partner for the redevelopment, which is expected to have retail and office components.

ROYALE PAVILION HOTEL

Royale pavilion

The five-star Royale Pavilion Hotel Kuala Lumpur is set to open its doors by the second quarter of 2017. The latest and final addition to the Pavilion KL integrated development, which comprises a r...

The five-star Royale Pavilion Hotel Kuala Lumpur is set to open its doors by the second quarter of 2017. The latest and final addition to the Pavilion KL integrated development, which comprises a retail mall, a 20-storey office tower and two blocks of condominiums, this 12-storey hotel sits on top of the mall and will offer 337 rooms (including 233 standard rooms, 71 deluxe rooms, 32 suites and one presidential suite). It will also offer a full range of facilities, including recreational facilities, a 450-seater banquet hall, conference facilities, siz food and beverage outlets, and a retail gallery.Developer Harmoni Perkasa Sdn Bhd (a subsidiary of the Pavilion Group) recently signed a hotel management agreement with Banyan Tree Hotels and Resorts Pte Ltd. Banyan Tree will also manage Banyan Tree Signatures Pavilion Kuala Lumpur, which is located across Jalan Raja Chulan and connected to the shopping mall by a link bridge.Although both hotels are located close to each other, they cater to different segments and tourists needs. Banyan Tree Signatures Pavilion is a boutique urban resort with larger rooms, while Royale Pavilion Hotel is a mainstream five-star hotel targeting busines travellers. SIGN UP with Propertypricetag.com to check the latest transacted prices and to list your property for FREE today. You can also follow our Facebook page for more insights and updates on the property market in Malaysia.