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.
“Inter” symbolises interconnection, with everything conveniently within reach at the development, which will be a converging point between Klang town centre and Bandar Bukit Tinggi.
“Point” refers to a prime destination where live, work, learn and play are carried out.
‘Interpoint’ is not only [a name] that could be pronounced easily but to also provide occupants and the surrounding community with an avenue to realise their ideal lifestyle. This is where lush greenery meets modern architecture design to allow residents to relax and rejuvenate in the calmness of nature.
Interpoint is strategically located between the upcoming Lotus’s Klang and AEON Bukit Tinggi LRT stations, both of which are only a 10-minute walk away. Both stations are part of the LRT 3 Line and are due to be fully operational in 2024.
The development is easily accessible via Jalan Langat, the South Klang Valley Expressway, Shah Alam Expressway, Federal Highway and West Coast Expressway. It is also near AEON Bukit Tinggi, Lotus’s Klang, GM Klang Wholesale City, Hospital Tengku Ampuan Rahimah, Pantai Hospital Klang, SJK (C) Hin Hua, Hin Hua High School and Collinz International School.
With a gross development value of about RM600 million, the project sits on a 2.65 ha parcel and will offer 998 residence units in three towers atop a seven-storey podium. There will also be two levels of retail and two levels of suite units.
The residential units are sized from 593 to 1,756 sq ft, available in one- to four-bedroom layouts. Priced from RM455 to RM700 psf, the target market is the younger generation, especially those first generation buyers who want to live near their parents, as well as empty nesters.
There will be a two-acre landscape deck with 40 different facilities, including a multi-purpose hall, outdoor sports courts, yoga room, gymnasium, amphitheatre, exercise lawns, camping and kick-abouts as well as pool area that comes with leisure lap pool, spa pool, wading pool, splash pool and aqua gym.
There will be a dedicated entrance for the residential component, separate from the retail component. The multi-level parking podium also features a speed ramp, allowing the owners to access to their parking floors in a single flow instead of going through multiple ramps on various floors.
As for the retail component, it will have about 70,000 sq ft of net lettable area over two levels, while the two levels of suite units will have about 20,000 sq ft of net lettable area.