The hotel has 701 guestrooms and suites as well as a variety of Asian and continental restaurants.

The Hotel has won an awards; One of the Gold List Properties in Asia, Australia and Pacific Nations, Conde Nast Traveler (USA) and One of the Top 20 Overseas Leisure Hotels in Asia and the Indian Subcontinent, 2006; Conde Nast Traveller (UK).

Other Information

• Location : alan Sultan Ismail, Kuala Lumpur, Malaysia.
• Use : Hotel
• Managed : Shangri-La Hotels and Resorts

Links

• Shangri-La Hotel, Kuala Lumpur official site

The YTL Group’s core businesses are ownership and management of regulated utilities and other infrastructural assets, serving 10 million customers in three continents.

YTL Corporation’s strategy of providing “World Class Products and services at very competitive prices” along with its history of Innovation, has led directly to it recording a compounded annual growth rate in Pre-tax profits of 55% over the last 15 years, and an enviable track record of creating shareholder value. It has been paying dividends every year since it was listed on KLSE. YTL Corporation’s strategy has also resulted in it and its subsidiaries accumulating numerous International Awards in the process.

Philosophy

YTL Corporation’s strategy of offering “World Class Products and Services at Competitive Prices” extends across the range of its business activities, and is perhaps the single most important factor underpinning its success today in enhancing shareholder value. This policy has not only ensured that the group is able to offer attractive, high quality products and services to its customers at competitive prices, but also contributed directly to its success in achieving a compounded annual growth rate in Pre-tax profits of 55% over the last 15 years.

Indeed, it is because of this strategy that YTL Power is able to profitably sell power at the most competitive prices in the world (at 3.8 US cents per kw/h, a lower average-per-kilowatt than anywhere in the United States)

One more illustration is the 57 km “KL Cat” Express Rail Link, running from KL City centre to KL International Airport, which is virtually identical in design to the high-speed rail system that runs between London Heathrow Airport and Paddington Station in London, and uses the same Siemen’s rail transportation technology. A ticket to ride on the British rail link, a 15-minute trip, is about US$15. In contrast, by cutting capital costs and using a local funding source, the “KL Cat” ERL travels twice as far, about 57 kilometres, in 28 minutes, but for the equivalent of only about US$8. This is the cheapest fare-per-kilometre in the world for rapid rail transit.

Another example of this strategy is the award winning the Ritz-Carlton Hotel, Kuala Lumpur, which has the cheapest room rates amongst any other Ritz Carlton hotel in the world (a room night in this luxury five-star hotel runs only about US$75, compared to more than $300 or $400 or more for comparable hotels in Europe or the U.S.).

Awards

As one of Malaysia’s best managed companies, YTL Corporation has won numerous awards and come out tops in numerous surveys over the years, including awards from “The Far Eastern Economic Review”, “Asia Week”, “CIO Asia” and many others. YTL Corporation’s most recent accolades came from “Finance Asia” magazine, when it was highlighted under the categories “Most Committed to Corporate Governance”, “Best Financial Management” and “Best Managed Company”.

The Numeruos Awards For YTL Corporation Bhd.:

YTL Corporation Berhad wins award for “Commendation for Social Reporting”
YTL Corporation Berhad won a Top Award for “Commendation for Social Reporting” at the ACCA Malaysia Environmental and Social Reporting Awards (MESRA) 2007. ACCA MESRA 2007 serves as a platform to share, encourage and acknowledge leaders in the area of environmental and social reporting, which is a vital component of CR.

YTL’s Wessex Water wins Queen’s Award for Enterprise
Wessex Water is celebrating being the first UK water company to gain The Queen’s Award for Enterprise in the Sustainable Development category. The water company has received Britain’s most coveted commercial prize in recognition of its approach to working in ways that are environmentally, socially and economically responsible.

YTL’s Spa Village Tanjung Jara scoops Conde Nast Traveller accolades
The Spa Village was voted Best Hotel Spa in Asia Pacific and the Indian Subcontinent as well as ranking number two in the prestigious “best of the best” list of the Worlds Top 26 Spas.

Awards for YTL spas
Winners were voted for by 28 independent judges consisting mainly of spa personalities and writers who set the benchmarks in the region. “The AsiaSpa Awards are now a firm fixture in the industry’s calendar and we are proud of their integrity and success,” says Olivier Burlot, chief executive officer of Adkom Media, publisher of AsiaSpa magazine.

YTL Voted Among Asia’s Best Companies 2002 (Malaysia) in FinanceAsia
The survey by FinanceAsia.com covered the performance of the top companies in 10 countries in Asia by polling institutional investors and equity analysts and received a total of 331 votes. YTL Corp has been voted Best at Investor Relations; and has been listed among the Company Most Committed to Corporate Governance; Strongest Commitment to Enhancing Shareholder Value; Best Financial Management; and Best Managed Company.

YTL in Asia’s Leading Companies List
The results of the Far Eastern Economic Review’s annual company survey, the Review 200: Asia’s Leading Companies, YTL Corporation was announced making a return appearance at number 5 in the list of Malaysia’s top 10 companies. The survey, conducted by ACNielsen International Research (Hong Kong), asked readers to give their views on 208 multinational corporations in Asia, and between 26 and 39 companies in each of 11 countries around the region. In addition to overall leadership, each company was ranked according to quality of products and services, the long-term vision of its management, its innovativeness in responding to customers’ needs, its financial soundness, and its status as a company others try to emulate. Not surprisingly, companies seen as being responsive to customers’ needs come out on top. Nearly 70% of readers believe that high-quality products or services is a key determinant of leadership potential.

YTL Corp Ranked As CIO 100 Honouree
CIO Asia has honoured YTL Corp with an entry to Asia’s most prestigious index of progressive enterprises for the year. In the alphabetical order listing, YTL Corp was recognised for having internally developed a card-base CRM loyalty system. The loyalty system, known as the YTL Community initiative, was launched in May 2001 and is implemented at all YTL hotels and outlets.

YTL Corp Listed in Forbes Global 2000 in 2005
YTL Corporation was listed in Forbes’ annual compilation of the world’s leading public companies. The companies were selected based on a composite ranking of sales, profits, assets and market value.

YTL Cement – Ranked 3rd in “Top 100″ Companies That Give The Best Returns” By “The Edge” Magazine

The Ritz-Carlton, Kuala Lumpur wins for 7th consecutive year
The Ritz-Carlton, Kuala Lumpur has earned the prestigious Five-Star Diamond award from The American Academy of Hospitality Sciences for the seventh time since the hotel opened in December 1997. The academy bestows the award to fewer than 80 hotels worldwide.

Pangkor Laut Resort and Tanjong Jara Resort earn coveted Five Star Diamond Award 2002
Award winning resorts, Pangkor Laut Resort and Tanjong Jara Resort added another feather to their cap by winning the coveted Five Star Diamond Award 2002. Both Pangkor Laut Resort & Tanjong Jara Resort, owned and managed by YTL Hotels and Properties Sdn. Bhd, were chosen for consistently maintaining overall standards of high quality and superb performance. Both resorts also demonstrated a commitment to hospitality and service in every aspect of its operations.

YTL hotels ranked top hotels of the world
The JW Marriott Kuala Lumpur and The Ritz Carlton Kuala Lumpur have been rated second and third respectively on the Euromoney Business Travel Poll top hotels of each city. Meanwhile, both JW Marriott Kuala Lumpur and The Ritz Carlton Kuala Lumpur have been listed among the world’s top 12 favourite hotels.

International Accolades for The Ritz-Carlton, Kuala Lumpur
The Ritz-Carlton, Kuala Lumpur added another feather to its cap when it is named as “One of the World’s Top 5 Hotels with Butlers 2005″ by The Independent, U.K. The hotel also won the coveted Five Star Diamond Award, given by The American Academy of Hospitality Sciences, for eight consecutive years since its December 1997 opening.

Spa Village and Pangkor Laut Resort earned Condé Nast Traveller awards
Award winning Pangkor Laut Resort was selected as “Number One in the World” by the readers of Condé Nast Traveller U.K. in 2003, while its Spa Village named the “Best Overseas Destination Spa”. Since then, Pangkor Laut Resort has received many numerous international awards with the most recent being “Best Beach Resort 2005″ by renowned SENSES Wellness Guide, Germany. The Spa Village, on the other hand was accorded “World’s Top 25 Spas 2005″ by Sunday Telegraph U.K.

Pangkor Laut and Tanjong Jara Resort earn coveted Five Star Diamond Award 2005
Pangkor Laut and Tanjong Jara Resort added another feather to their cap by winning the coveted Five Star Diamond Award 2005. Both Resort, owned and managed by YTL Hotels and Properties Sdn.Bhd, were chosen for three consecutive years for consistently maintaining overall standards of high quality and superb performance. Both resorts also demonstrated a commitment to hospitality and service in every aspect of its operations.

Contact Information

• REGISTERED OFFICE
  11th Floor, Yeoh Tiong Lay Plaza
  55 Jalan Bukit Bintang
  55100 Kuala Lumpur
  Tel • 603 2117 0088
  603 2142 6633
  Fax • 603 2141 2703
• BUSINESS OFFICE
  11th Floor, Yeoh Tiong Lay Plaza
  55 Jalan Bukit Bintang
  55100 Kuala Lumpur
  Tel • 603 2117 0088
  603 2142 6633
  Fax • 603 2141 2703
• REGISTRAR
  11th Floor, Yeoh Tiong Lay Plaza
  55 Jalan Bukit Bintang
  55100 Kuala Lumpur
  Tel • 603 2117 0088
  603 2142 6633
  Fax • 603 2141 2703

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As FIABCI matured, membership became more broad based and today FIABCI has seven Principal Members namely, Malaysian Institute of Estate Agents (MIEA), Pertubuhan Akitek Malaysia (PAM), Real Estate & Housing Developers’ Association Malaysia (REHDA), Sarawak Housing Developers’ Association (SHEDA), Sabah Housing & Real Estate Developers’s Association (SHAREDA), Institut Perekabentuk Dalaman Malaysia (IPDM) and Persatuan Pengurusan Kompleks Malaysia (PPKM). The combined membership of these seven Principal Members provides a tremendous depth of interaction among property developers, architects, contractors, consultants, professional estate agents, homeowners and even some politicians.

FIABCI (Federation Internationale des Administrateurs de Bien-Conselis Immobiliers) is the French acronym for the “International Real Estate Federation”, and it operates chapters in 60 member countries, embracing 3,200 individual members, 100 different national associations, as well as 20 academic members, 3 public sector members and 1 multinational member. Through its Principal Members it has a networking of 1.5 million members worldwide. FIABCI as an organisation links all its members of real estate professional worldwide, representing every discipline in the industry. FIABCI Malaysia with its growing membership base, seeks to provide a window into a world of excellence in real estate, by sharing the efforts and successes of its worldwide membership to improve the quality of the environment and higher standards in real estate for Malaysians to enjoy.

During the past 31 years, FIABCI Malaysia successfully organized two Asia Pacific Real Estate Congress and one highly acclaimed World Congress in 2002, which was graced by our former Prime Minister, Y.A.Bhg Tun Dr Mahathir bin Mohammed at the Opening Ceremony, the Duli Yang Maha Mulia Seri Paduka Baginda Yang di-Pertuan Agong at the Gala Dinner, and with events hosted by the Ministry of Tourism and the Mayor of Kuala Lumpur. Networking opportunities at these events were truly outstanding.

The true test of excellence of FIABCI Malaysian Chapter to its members has been in the establishment of the Malaysia Property Award (formerly known as FIABCI Award of Distinction or FIABCI Property Award of Distinction) now in its 15th year. These Awards are truly independent and to receive one today exemplifies the winner of the highest standards of professionalism in the built property environment. It is to FIABCI Malaysia’s credit, that our Awards Manual for evaluation and selection criteria, has been requested by FIABCI International for use as their journal for similar awards in Brazil, Czechoslovakia and Uruguay. It further demonstrates our ability to build world class software in event management.
FIABCI Malaysia in its endeavour to encourage young leaders in the industry, has taken its objectives to the undergraduates in universities. It has established a series of lunch seminars known as “Brown Paper Bag Seminar” where leading property players speak on all aspect of the real estate industry. This programme started in 2001 with University Malaya. It has now been extended to other universities and colleges in and around Kuala Lumpur.

Year 2005 marked a very significant milestone for FIABCI Malaysia in that, for the first time in 57 years of FIABCI’s history, a Malaysian, Y Bhg Dato’ Alan Tong Kok Mau, ascended to the highest office as the World President of FIABCI International. FIABCI Malaysia is proud of Y Bhg Dato’ Alan Tong as this accords Malaysia to the honour to lead a very prestigious world organization.

FIABCI as an accredited association, accepts membership from anyone who is interested in property, because it has no direct affiliation to any professional association. FIABCI is therefore seen as an independent body to advise, counsel and to create new ways and methods of property development and ownership. This is coordinated with our valuable Principal Members who are focused in their respective fields of expertise.

In 31 years FIABCI has become a mature property based association. It now has the strength based on its success in hosting international congresses, to expand its horizon into more independent and innovative areas.

FIABCI Malaysia continues to educate and lift real estate standards. It contributes towards nation building and development thereby enhancing the quality of life of all Malaysians.

Contact Information

• FIABCI Malaysian Chapter Print
  FIABCI Malaysia Secretariat
• Address:
  Suite E-11-14, Wisma Sunrise, Plaza Mont Kiara,
  No 2, Jalan Kiara, Mont Kiara,
  50480, Kuala Lumpur,
  Malaysia.
• E-mail: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
  Telephone: 603 – 6203 5090 / 5091
  Fax: 603 – 6203 4090
• Information: Office hours from 9am to 6pm.

Visit FIABCI – Malaysia

He is responsible for the Board’s overall conduct and effectiveness as well as providing general strategic corporate/business direction to the Management, in addition to his specific portfolio for the executive management, planning, administration and operations of the Group’s hotel, the Crown Princess Kuala Lumpur. Further, he has also been entrusted with the task of spearheading certain development projects in the Group. He is the Trustee of the National Children Welfare Foundation and the President of the Malaysian Association of Hotel Owners (MAHO).

Mr Low Gee Tat is the brother of Mr Low Gee Teong, Mdm Low Su Ming and Mr Low Gee Soon. Mr Low Gee Tat, Mr Low Gee Teong and Mr Low Gee Soon and their father, Tan Sri Dato’ Low Yow Chuan are deemed substantial shareholders of AP Land.

He is also an executive director and/or substantial shareholder of several private limited companies in the Low Yat Group which have similar principal activities with the Group such as property development, property investment and management and hotel business. He is also a director of the hotel management company which is providing hotel management services to the hotel in the Group.

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Located on central Jalan Aman, off Jalan Tun Razak, myHabitat2 is at the heart of excellent accessibility and connectivity. A short 10 minutes or just one LRT train station away is Kuala Lumpur Convention Centre, PETRONAS Twin Towers and shopping mall Suria KLCC. International schools, financial institutions, embassies and private hospitals are just a couple of kilometres from myHabitat2.

Luxury as a way of life

myHabitat2 advances living in the lap of luxury, in a home exuding elegance, comfort and class. Featuring brand new concept studio designed suites, all 215 units come partially furnished with kitchen cabinets, hood and hob, split air-conditioner units to living/dining and all bedrooms, washing machine and dryer, hot water mixer to all bathrooms, and built-in wardrobes in all the bedrooms.

The studios are also broadband enabled and come with quality fittings. Each unit has a personalised lift access system and is further secured by 24-hour security with CCTV surveillance and an intercom system. Residents will also be allocated covered car park bays.

Enjoy a host of modern comfort and conveniences at myHabitat2, among them an infinity swimming and children’s pools, a multi-purpose hall for parties and meetings, a squash court, gymnasium, poolside café and children’s playground. You could also stroll in the vertical landscaped gardens or soak up some sun on the sun and pool deck.

Available in four designs, the studio units are sized between 603 sqf and 1,141 sqf, and are priced from RM815,000 to RM1,620,000.

Enhanced privacy comes in the low density per floor layout where four units per zone share two lifts. The building’s single loading structure ensures that everyone gets to enjoy a spectacular view. All this and the pleasure of choosing your home from a suite of one-room studio apartments to four-room duplex penthouses.

myHabitat2 is an ideal investment with ready tenant catchments, freehold status and full condominium facilities. It is also ideal for expatriates looking to have a number of facilities nearby. Within a kilometre radius are 11 foreign missions, international schools and institutes, KL Hospital, National Heart Institute, Gleneagles & Prince Court Medical Centre, a myriad of banking facilities, the Royal Selangor Golf Club, and a host of five-star hotels.

Currently in the advanced stage of construction, myHabitat2 is slated for completion by end 2010 and the show units are open for viewing.

Renowned for its name

Established in 1961, AP Land Bhd is a renowned Malaysian property developer. The group has numerous acclaimed property flagships in the country.

Today, AP Land has reconsolidated its financial position and is now charting a new course of growth via regional expansion of its core business in property and plantation.

In Malaysia, the Group develops mid-range to high-end housing, particularly condominiums and service apartments. We also focus in landed properties and commercial properties i.e. shop office and shopping mall. To-date, the Group has a total land bank in Malaysia of approximately 500 acres, which included both current developments and land bank of undeveloped land and most of the land strategically located in Kuala Lumpur and Johor Bahru.

The success of the Group depended very much on the commitment of Tan Sri Dato’ David Chiu and the management team that have grown the Group from strength to strength.

Vision Statement

To grow Mayland to become the most innovative and prominent property development company in the Asia Pacific region.

Mission

• To build a team of loyal and committed staff force.
• To focus on customer relationship management (CRM)
• To be innovative in all our designs and no compromise on integrity
• To ensure quality workmanship for all projects undertaken by us
• To ensure timely delivery of all projects
• To establish itself as a role model of a good corporate citizen, recognized locally and internationally

Future Developments

Mayland is one of the fastest forward moving property development companies under the helm of an experience group of young and vibrant management team. Mayland’s future plan aim to build and develop a fully integrated community with a solid foundation of craftsmanship and quality living.

We intend to look into the possibility of mergers and acquisitions of companies, acquire new land, venture into partnerships and seek for more opportunities that will be the conduit for nation building.

We are well positioned today to offer vast opportunities for the region to grow. We intend to pursue, explore and actively participate in the economic development of other friendly nations internationally.

In line with our reposition exercise, we are pursuing listing exercise in the Bursa Saham Malaysia.

We are poised to become the finest builders in the development of quality living for the generations of tomorrow.

Mayland Projects Profile

Development In Progress

* Windsor Tower Service Apartment
Sri Hartamas, Kuala Lumpur (446 units)
Estimated completion date: End December 2007

* Waldorf Tower Service Apartment
Sri Hartamas, Kuala Lumpur (228 units)
Estimated completion date: December 2007

* Maytower Hotel Service Apartment
Kuala Lumpur (537 units)

* Austin Boulevard Terrace House
Johor (595 units)

Completed Projects

* Royal Domain Condominium
Jalan Kuching (1,022 units)

* ParkView Service Apartment,
KL City Center, Kuala Lumpur (322 units)
Date completed: September 2006

* Hartamas Shopping Center,
Sri Hartamas, Kuala Lumpur (125 units for rental)
Date completed: October 2004

* Park Lane Shop Office Phase 1,
Sri Hartamas, Kuala Lumpur(273 units)
Date completed: November 2001

* ParkLane 3-storey Shop Office Phase 2,
Sri Hartamas, Kuala Lumpur (68 blocks)
Date completed: September 2004

* Sri Hartamas SuperLink House,
Sri Hartamas, Kuala Lumpur (20 units)
Date completed: April 2004

* Sri Putramas Condominium Phase 1,
Jalan Kuching, Kuala Lumpur (1220 units)
Date completed: June 2004

* Prima Regency
Johor (1180 units)

* Mayfair & Dorchester Service Apartment,
Sri Hartamas, Kuala Lumpur (600 units)
Date completed: March 2003

* Puncak Prima Condominium,
Sri Hartamas, Kuala Lumpur (300 units)
Date completed: March 1997

* Ampangpuri Condo,
Ampang, Kuala Lumpur (12 units)
Date completed: August 1996

With its shop office units 98% SOLD, Plaza Damas 3 is set to unveil its highly anticipated service apartments in December to an eager public.

• a three-block portion of three-storey shop offices (55 units), with the top five storeys allocated to service apartments (595 units);
• 10 units of two-storey shop offices and 7units of single storey shops;
• a 27-storey block of service apartments;
• clubhouse, and
• an ample four-storey carpark.

With its commercial zone so well-received, Plaza Damas 3 is gearing up to unveil its offerings for contemporary living, with the launch of its five storeys of service apartments in December. Completion is scheduled for mid-2011. Its 27-storey block of service apartments is targeted for launching in the third quarter of 2009.
The three-block, five-storey service apartment portion consists of fashionably designed studio, one-bedroom and two-bedroom apartments offering built-up areas from 488 sq ft to 1,325 sq ft. Block A offers 185 units, while Block B offers 230 units and Block C offers 180 units. Each block is well-equipped with three lifts, a clubhouse with a swimming pool, Jacuzzi Sauna, Steam, Gym and Multi-purpose room for the convenience and enjoyment of residents. Indicative pricing start from RM650 per sq ft, with a five per cent discount for Bumiputra purchasers.

Established and Thriving Environment

Plaza Damas 3 residential and business residents will enjoy a self-sustaining environment full of amenities and excellent accessibility. Residents will enjoy having commercial outlets and facilities at a convenient few minutes’ walk, while those who businesses will benefit from the 500,000-strong catchment of the Sri Hartamas area at large as well as within the immediate vicinity.

This vibrant development is well-placed in the midst of established and thriving commercial hubs, ensuring that residents will find their needs easily fulfilled, no matter how diverse. Commercial and residential centres in the vicinity include Plaza Damas, Puncak Prima, Menara Hartamas, Mayfair and Dorchester Service Apartments as well as the Hartamas Shopping Centre, which is even connected via a pedestrian bridge for convenience and safety.

Pioneer with a Loyal Following

Founded almost two decades ago, MAYLAND is primarily engaged in property development and investment in Malaysia. Its success story started with the signature Plaza Damas integrated development in Sri Hartamas that pioneered the now-popular studio living concept, which underscored its sensitivity to market sentiments.
In Malaysia, MAYLAND develops mid-range to high-end housing, particularly condominiums and service apartments, as well as landed and commercial properties such as shop-offices, hotels and shopping malls in Kuala Lumpur and Johor Bahru. With its track record of its projects/properties being in great localities and enjoying good capital appreciation, MAYLAND has generated a loyal following of repeat investors.

Fulfilling the Needs of Modern Life

Plaza Damas 3 is well-connected to high-end public amenities, from international schools to shopping centres (Plaza Mont’ Kiara/Solaris in Mont’ Kiara, Bangsar Shopping Centre and 1 Utama), recreational clubs (KL Golf & Country Club, Bukit Kiara Equestrian Club and Royal Selangor Club), fitness / yoga centres and restaurants.

These freehold units offer a wonderful quality of work/home life and a worthy buy for investors, young executives, and families. For more information or to register and claim your space for vibrant living, call 03-6201 8088, email pd3@mayland.com.my (Plaza Damas 3) or visit www.mayland.com.my.

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Heritage comprises six blocks: a single office building called The Heritage Tower, five residential blocks named The Heritage Residences, and the two-storey retail space called The Heritage Village. The Heritage capitalises on the current worldwide demand for waterfront properties, and attracts the kind of enlightened, discerning and affluent people who naturally desire a residence by the water.

The Heritage is also surrounded by a RM3 billion green luxury township called Bluwater Estate, a theme park, a shopping mall, an exclusive golf club, exceptional bungalows and various educational facilities, including the prestigious Australian International School Malaysia (AISM).

A draw for discerning locals and expatriates

The Heritage’s luxury accommodation, resort style facilities and round-the-clock security would be a draw for discerning locals and expatriates. The superior facilities and top-class education choices – AISM, Alice Smith International School and Nexus World School in Putrajaya – enhance an already sterling location.

Home is not just a rest stop but a destination at The Heritage. You are right on the water’s edge; you have panoramic views that stretch as far as the eye can see; you immediately leave the real world behind and allow yourself to escape to a realm of relaxation and tranquillity. As your mind eases into a calmer state, your senses are rejuvenated. Once you are home, you may never want to leave…

Highlights of a home at The Heritage include spacious layouts with 11.5ft ceilings, lake views, three-tier security access at the main entrance, car parks and lift lobby, and 24-hour security with CCTV and smart card access.

Yet another aspect of The Heritage Residences is the 100,000 sqf recreational space dubbed 7th Heaven. This seventh floor recreational area comprises facilities such as a gymnasium, swimming pools, saunas, restaurants and cafes, a children’s play area, snooker and pool tables, a laundrette, a dedicated barbeque area, tennis courts, a function area, a table tennis room and dedicated landscaped gardens.

The Heritage Village

The two-storey The Heritage Village is a neighbourhood mall with two distinct features – a waterfront alfresco F&B haven on the ground floor, and a high-security child enrichment centre on the upper level.

So, while children are happily engaged in their activities, parents can safely indulge in their own relaxation with nary a worry. While waiting, parents can savour a cuppa at the many cafes within the mall, surf the net or even engage in a spot of grocery shopping at the organic food mini mart.

Billed as “a dream place to work”, The Heritage Tower boasts a total of 135,832 sqf over eight floors that have been fully leased. Great views of Bluwater and the surrounding area make it an oasis of peace – the perfect backdrop for closing deals and achieving great success.

The importance of being accessible to people and places need not be overstated at The Heritage. It is strategically located between Kuala Lumpur and Putrajaya and well connected to seven major highways: BESRAYA, SILK, North-South Highway, North-South Central Link, Damansara-Puchong Highway, KESAS and MRR 2.

In addition, The Heritage is only 30 minutes from Kuala Lumpur International Airport, and just 10 to 30 minutes from Cyberjaya, Petaling Jaya and the city.

For more information about The Heritage Residences, The Heritage Village and The Heritage Tower, please visit G-2, Office Tower, The Heritage, Jalan SB Dagang, 43300 Seri Kembangan, Selangor; call (603) 8947 9998; fax (603) 8945 8528, or visit www.theheritage.com.my.

“In view of the slowing economy, we reposition our development to suit the market demands,” Lim told StarBiz. “We (downsized) the development because we anticipated that the retail mall business would be tough going forward.”

Lim said the decision would also “lighten up” the company’s cash position, adding that the project’s profit margin could be maintained at 25% to 30% of sales value.

“Magna Prima is able to retain a healthy profit margin because we may not keep any of the assets in the amended RM600mil (project),” he said, revealing that the company had planned to retain 45% to 55% of the original project.

As of end of October, the group had RM230mil in unbilled sales.

The Magna City will have over 1.6mil square feet of net floor area while the construction is targeted to commence in the middle of 2009.

It sits on 10.23 acres of freehold land comprising 67 units of lifestyle shop offices, two levels of retail lots, two levels of corporate offices and 800 units of service apartments.

Magna City project to be downsized