The Group embarks on its first property development project via a joint collaboration with Syarikat Prasarana Negara Bhd for the redevelopment of the Dang Wangi LRT Station, codenamed "The Bank". The Gross Development Value for this redevelopment project is expected to be approximately RM1.04 billion; marking Crest Builders first Billion-Ringgit property development project.
The project is set on at 2.72 acre plot at Jalan Ampang which is currently the site of the Dang Wangi LRT Station. The station will remain below grown, whilst the redevelopment will be on the air space of the site. The total gross floor area will exceed 1,000,000 sq. ft.
The Bank will feature a boutique retail mall podium, commercial office spaces and suites, deluxe and duplex SOHO suites, a 207 room boutique business hotel as well as an exclusive rooftop club which will be accessible only via the observatory bubble elevators. The 300,000 sq. ft. retail mall will have plenty of classy and trendy F&B joints and restaurants, coupled with some retail shops and other facilities. As part of the river beautification initiative, there will be al-fresco dining, lounges and cafes alongside the river bank.
The 46 -storey tower will also feature premium SOHO suites, with 4 floors of SOHO duplex suites, measuring between 430 - 1,950 sq. ft. units and a soft launch is expected in the later of 2013. The 207 room boutique hotel will have state-of-the-art facilities at the rooftop as part of the exclusive rooftop club. The rooftop club will have a gym and yoga room that overlooks the KL skyline plus an upmarket restaurant and lounge at the rooftop reception - not forgetting the infinity pool and Jacuzzi with an exceptional view of both the KL Tower and the Petronas Twin Towers.
The project is expected to commence physical works in 2013 and with an expected completion date in 2018.
Located opposite the Great Eastern Mall, Elevat8will be Crest Builder's second Billion-Ringgit development along Jalan Ampang, Kuala Lumpur.
Codenamed "Elevat8" the project is a mixed development featuring a 6-storey luxury mall with over 500,000 sq.ft. of retail space, a 28-storey Grade A office tower and commercial suites and 3 blocks of luxury serviced residences. This mixed development dubbed as the combination of "Singapore's Vivo City and Marina Bay Sands" - captures the happening and vibrant Jalan Ampang community all at one place.
Elevat8 Mall will host a 6-level shopping centre with a wide centre atrium with plenty of retail spaces and kiosks, as well as a Cineplex. There will be a connecting bridge with Great Eastern Mall to provide a seamless connectivity between the malls. There will be an iconic 28-storey corporate office tower with about 365,000 sq. ft. of space together with 722 units of service residences in three 33-storey towers. The key feature of the development is the double storey SkyPark that connects the three towers at the rooftop- with various facilities such as the fitness zone and the sky bar and lounge.
The Galleria has an expected Gross Development Value of about RM1.33 billion and the residential units are expected to be selling at RM1,000 per square feet upwards. The project is expected to commence physical works in 2013 with an expected completion date in 2018.
This project is a proposed JV mixed development project of the Kelana Jaya LRT Station on 4.95 acres of land that consist of a 6 level podium will comprise of retail units, serviced residential suites and offices. It has a Gross Development Value of approximately RM1.0 billion and land rezoning is currently in progress.