A bungalow in SunCity's Sunway Toul Kok City project in Phnom Penh, CambodiaMonday May 28, 2007
Chasing the global dream
Stories by ANGIE NG and ELAINE ANG
The Star (Malaysia)
MALAYSIAN developers are a creative and adventurous lot and have many signature real estate projects dotting many parts of the world today.
Malaysian-built and owned property landmarks can be found in a growing number of cities as developers continue to take their expertise beyond the local shores.
There is quite an impressive number of landmarks across the globe, including hotels, commercial, retail, and residential properties, and recreational facilities.
IGB has a stable of hotel properties in various cities, including St Giles Hotel in London and Heathrow, MiCasa All-Suite Hotel in Yangon, New World Hotel in Ho Chi Minh City, and St Giles Manila.
IOI Corp Bhd, in a joint venture with Andhra Pradesh State Trading Corp, has completed a gems and jewellery complex in Banjara Hills, Hyderabad.
Next on its plate will be a high-end condominium project in Sentosa Cove.
Undertaken by IOI Land Singapore Pte Ltd, a 70% subsidiary of IOI Properties Bhd, the project will be a joint venture with Ho Bee Investment Ltd.
IJM Properties has some residential developments in India, including Raintree Park in Hyderabad, Andra Pradesh.
Mulpha International Bhd's development projects in Sanctuary Cove, Queensland, and Norwest Business Park, Sydney, have made the company one of the largest Malaysia-based real estate investors and developers in Australia.
Also targeting the overseas markets are Sunway City Bhd (SunCity), Ireka Corp Bhd and Gamuda Land Sdn Bhd.
Having transformed an old tin mining land into the vibrant address that is Bandar Sunway, SunCity now wants to put its creativity and expertise to undertake more projects that are different and unique.
“There is an apparent undersupply of well-designed properties in some of the high-growth cities in the region and we want to come out with good projects that add value to the property landscape there,” SunCity senior managing director Datuk C.K. Wong said.
It is building a landmark housing development in Phnom Penh, Cambodia: the Sunway Toul Kok City project.
The niche project comprises 84 double-storey bungalows within an exclusive residential enclave that introduces a new lifestyle of high-end homes with a host of facilities within a gated and guarded surrounding.
At the launch recently, all the units were sold out.
The 32-acre project has an estimated gross development value of US$33mil.
The project's third phase on the remaining 15 acres will comprise 84 units of 3-storey link house and 48 double-storey villas.
In India, SunCity’s project Sunway Prajay Megapolis is in Hyderabad, an emerging IT and biotechnology hub.
The 400 units of upmarket residential high-rise development on 5 acres have a gross development value of RM300mil.
“We regard this project as our maiden entry into the booming real estate market in India and are looking forward to securing other projects in the rapidly growing market,” Wong said.
Ireka Corp Bhd is currently busy building up the property portfolio for Aseana Properties Ltd (ASPL) in Vietnam, a US$275mil property development company listed on the London Stock Exchange and which is managed by Ireka's fully owned subsidiary Ireka Development Sdn Bhd (IDM).
Ireka has a 20% stake in ASPL, which focuses on property development in Malaysia and Vietnam.
Executive director Lai Voon Hon said IDM was currently working on several projects in Ho Chi Minh City and Hanoi, comprising Grade A offices, 5-star hotels and mid- to high-end condominiums.
“We hope to develop our highly successful i-Zen brand of high-end condominiums and offices for ASPL in Vietnam, and we expect to receive very positive response from both its increasingly affluent local and returning overseas Vietnamese (Viet kieu as they are called in Vietnam),” Lai said.
Ireka will also tap on its expertise in developing successful hotels such as the Westin KL to develop award-winning 5-star hotels for ASPL in Ho Chi Minh and Hanoi to meet the huge demands for rooms in both these cities.
Gamuda Land Sdn Bhd, the property development arm of Gamuda Bhd, expects to make its foray into Vietnam next year when it launches its first mixed development housing and commercial project in Hanoi.
The company, in a joint venture with a Hanoi state-owned enterprise, is finalising a plan to develop a US$1bil township.
Malaysian-built and owned property landmarks can be found in a growing number of cities as developers continue to take their expertise beyond the local shores.
There is quite an impressive number of landmarks across the globe, including hotels, commercial, retail, and residential properties, and recreational facilities.
IGB has a stable of hotel properties in various cities, including St Giles Hotel in London and Heathrow, MiCasa All-Suite Hotel in Yangon, New World Hotel in Ho Chi Minh City, and St Giles Manila.
IOI Corp Bhd, in a joint venture with Andhra Pradesh State Trading Corp, has completed a gems and jewellery complex in Banjara Hills, Hyderabad.
Next on its plate will be a high-end condominium project in Sentosa Cove.
Undertaken by IOI Land Singapore Pte Ltd, a 70% subsidiary of IOI Properties Bhd, the project will be a joint venture with Ho Bee Investment Ltd.
IJM Properties has some residential developments in India, including Raintree Park in Hyderabad, Andra Pradesh.
Mulpha International Bhd's development projects in Sanctuary Cove, Queensland, and Norwest Business Park, Sydney, have made the company one of the largest Malaysia-based real estate investors and developers in Australia.
Also targeting the overseas markets are Sunway City Bhd (SunCity), Ireka Corp Bhd and Gamuda Land Sdn Bhd.
Having transformed an old tin mining land into the vibrant address that is Bandar Sunway, SunCity now wants to put its creativity and expertise to undertake more projects that are different and unique.
“There is an apparent undersupply of well-designed properties in some of the high-growth cities in the region and we want to come out with good projects that add value to the property landscape there,” SunCity senior managing director Datuk C.K. Wong said.
It is building a landmark housing development in Phnom Penh, Cambodia: the Sunway Toul Kok City project.
The niche project comprises 84 double-storey bungalows within an exclusive residential enclave that introduces a new lifestyle of high-end homes with a host of facilities within a gated and guarded surrounding.
At the launch recently, all the units were sold out.
The 32-acre project has an estimated gross development value of US$33mil.
The project's third phase on the remaining 15 acres will comprise 84 units of 3-storey link house and 48 double-storey villas.
In India, SunCity’s project Sunway Prajay Megapolis is in Hyderabad, an emerging IT and biotechnology hub.
The 400 units of upmarket residential high-rise development on 5 acres have a gross development value of RM300mil.
“We regard this project as our maiden entry into the booming real estate market in India and are looking forward to securing other projects in the rapidly growing market,” Wong said.
Ireka Corp Bhd is currently busy building up the property portfolio for Aseana Properties Ltd (ASPL) in Vietnam, a US$275mil property development company listed on the London Stock Exchange and which is managed by Ireka's fully owned subsidiary Ireka Development Sdn Bhd (IDM).
Ireka has a 20% stake in ASPL, which focuses on property development in Malaysia and Vietnam.
Executive director Lai Voon Hon said IDM was currently working on several projects in Ho Chi Minh City and Hanoi, comprising Grade A offices, 5-star hotels and mid- to high-end condominiums.
“We hope to develop our highly successful i-Zen brand of high-end condominiums and offices for ASPL in Vietnam, and we expect to receive very positive response from both its increasingly affluent local and returning overseas Vietnamese (Viet kieu as they are called in Vietnam),” Lai said.
Ireka will also tap on its expertise in developing successful hotels such as the Westin KL to develop award-winning 5-star hotels for ASPL in Ho Chi Minh and Hanoi to meet the huge demands for rooms in both these cities.
Gamuda Land Sdn Bhd, the property development arm of Gamuda Bhd, expects to make its foray into Vietnam next year when it launches its first mixed development housing and commercial project in Hanoi.
The company, in a joint venture with a Hanoi state-owned enterprise, is finalising a plan to develop a US$1bil township.
13 comments:
I don't know why they called
something like that a bungalo, but
it looks like it could used several
windows on all the sides. Otherwise,
it can be quite dark and depressing
inside the house.
Just by looking at the picture of the house in this article make me depress already! This house is so enclosed and clustered!
I had seen many designs better than this! I am not going to worry too much because when the time is come and it will all be demolished and make room for more advance and better design!!!
I treated my house like a temple or church and when I walk into my house I feel the peace, the harmony, and the beauty and I find no other reason go anywhere!
yes, i also adore my own residence that sit on top of the hill overlooking the PACIFIC.The view alone is worth millions. My home sweet home.The white sand beach below the cliff is fantastic for walking exercise. I love it so much and THANKS to gen.LON NOL. i became a refugee and ultimately American and never look back. hehehe, life is unpredictable.
To 10:51PM!
How much do you pay in property tax each year? ahahhahhahahha!
Please don't forget to pay your property tax because you enjoyment overlooking the Pacific Ocean will be short lived!ahahahahahhahahah!
Some Cambodian people thank the Khmer Rouge for living in America!
Some Cambodian people thank the
B-52 bombing for living in America!
Some Cambodian people thank the Vietcong invasion for living in America!
Some Cambodian people thank King Sihanouk for living in America!
Some Cambodian people thank Uncle SAM for living in America!
Some Cambodian people thank God for living in America!
You know when I really think about it! I see many tragedies around the world like the one in Cambodia and why Uncle SAM didn't allow those unfortunated people to enter United States like the Vietnamese, Cambodian, and Laotian? Uncle SAM ain't stupid! For me I will thank Uncle SAM for allowing me to live in United States because Uncle SAM has a choice not to take anybody into his country and that is why are many and many unfortunated Cambodian people didn't make it to United States!! Now Uncle SAM even send some Cambodian people back to Cambodia!!!!ahhahahhahhah!
Uncle SAM took in all these unfortunated Cambodian people through careful screening and interview and only a handful were accepted!!
I just wish Cambodia as a country wouldn't be so fuck up like today and all Cambodian people have enough to eat and live in a nice house! I just wish that Cambodia is so advance that they can build cars,airplane,skyscraper,rocket,
big amusement park like the disneyland,brigde,robot,....or whatever! I like to go to space someday so that I can be more closer to God!ahahhahhhahahhhahh
If people really enjoy what they have and there is no reason to thank anybody except God!!!
12:24AM, I paid property taxes as every americans did, but please mind your own business and don't be such a nosy.I won't tell, it's a lot but you know you live only once why not enjoy to the full of it if you can right? .
Uncle SAM had every right screening people entering their country and deported all the scumbages felons who are here illigally and blatantly disobey the law of the land .
Eventhough,i'm far away from homeland(cambodia) ,you just could not detach from it,it's there in your heart .I hope the revenue from oil discovery will help Cambodia and its people prosper and not going to the riches's bank account....
Wrong, the US has no right to
dump their resposibility on poor
country, stupid (1:11). They have
to solve their own problems just
like other countries do it.
Wrong ,you idiot yuons's ass licker 2:17am , Uncle SAM dumped only your people that were here illigally. They are not Americans,in fact they are scumbages ,criminals who totally disrespected the law of the land . Stop whinning,complaining and embrace theme instead , after all they are your khmers . Get it ah khmer yuon or ah yuon khmer or whatever, god damn it you get me all confuse, i don't know which one are you, the one who protect the yuons att all cost....
How do you define people enter United States illegally?
Some of these Cambodian people who are deported back to Cambodia have all the fucken proper documentation and green card!! Some of them even live in United States for 20 to 30 years! Oh well! Life ain't fair!
4:15, rich country like the US,
Japan, Loxumbour, ..., is always
a target for illegal immigrant.
They get in by ship, boat, plane,
truck, trunk or what have you.
Good or bad, those people should
be deported to where they came
from. No one arguing about that.
But the one with Permanent Resident
who paid taxes are the US problem,
good or bad. The US must take
full responsibility for them. They
should not dump the bad one, which
is a byproduct of their system, on
poor and helpless country. Now if
they want to be fair, they should
dump all of them, just as those
who try to sneak into the US.
They are here illigally and here is how.They came as tourists and refused to go back when their visas expired and managed to get faked green card to stay longer .Some were outright fraud from the beginning by using faking visa issued to others and got caught at the U.S aiportS and it is the fact.Some married to their brother or sister in order to be able to come to this country and itis wrong .Those are illigal.If you are here legally, i don't think anybody can deport you at all,you can have lawyers to protect your right, but lawyers can't do a shit if you are illigal and a felon .
I understand, 9:09, about illegal
immigrants, and I am not opposing
their return, criminal or not.
However, I am opposing legal
immigrants who helped the US to
fight communist and the US
rescued them from here when they
lost the war... . They are the US
responsibility. Some of them will
become great immigrants, some
become okay, and some become
criminals. That is to be expected
everywhere, and you can't ignored
your responsibility to help them
and just dumped back in a poor
country to harm poor people. It is
just plain immoral.
Dear 9:34 yes,it is immoral to deport those who were here legally.But,all i heard so far is the illigal immigrants that got caught and deported rather than send them to jail.. Are you sure Uncle SAM deported also the legal residents?
Yes, I am sure. I have read many
articles all over the net. Even
KI got a few. As for illegal Khmer,
I doubt that Khmer has a mean
to sneak in to the US without
a visa. Or many Khmer overstayed
in the US with expired Visa, but
yes, you catch any of them illegal
Khmer, we will welcome them back,
and we are also willing to pay for
their fare.
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