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River of Life Project: Update

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Photo credit: Kenneth Kiffer / Foter / CC BY-NC

Update (14 May 2014): The information for this article was sourced from Bernama. However, we would like to point out a slight error to this blurb. The River Of Life project is nowhere near “almost complete”. The Expat team worked directly with PEMANDU and the relevant government agencies to write a comprehensive article on the River Of Life project and its progress. The article is available in the May issue of The Expat magazine. You can read the article online here.

 

The River Of Life Project (ROL) is 56% completed, according to a report in Bernama. Work on the project, which is part of the Greater Kuala Lumpur Project, started in 2011.

According to Natural Resources and Environment Minsiter, Datuk Seri G. Palanivel, the ROL project aimed at changing the image of Sungai Gombak and Sungai Klang.

The ROL project focuses on three aspects; cleaning the river, beautifying the river and land development.

“The project involves 26 government agencies, the private sector and consultants. We hope it will proceed smoothly until its completion in 2020,” said the minister.

Read This: River of Life Project in KL Underway

Source: Bernama

 

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Wong Siok Hwa

MALAYSIA WATERFRONT PROJECT INVEST OPPORTUNITY
?KLANG waterfront project LAND FOR SALE
DETAILS:

SIZE: 9.3acres (405,108sqft)

TENURE: Leasehold

LAND TYPE:Commercial

PLOT RATIO: 1:6

SELLING PRICE: RM85 Mil (RM 209.82 psqft )

Prime commercial land with approved Development Order

Propose Developer Of Project:

Project:

Waterfront landscaping
31 units shop
1 unit commercial complex & SOHO tower
Cost of construction & development

A ) The waterfront landscaping

To construct suspended concrete slab including piling
To construct one unit Boat Jetty
To construct two units JBS Workers Quarters
All others accessories including six nos Canopies Stall
TOTAL AMOUNT=RM15 Mil

B) 31 units of Shop

To construction of 31 units of 3 & 5 Storey Shop @ RM320k each =RM 10 Mil
Road and infrastructure along Shop/Offices/Contribution =RM 5 Mil
C) One unit of Commercial Complex & SOHO Tower

To construction cost of Raw Building and M&E =RM 58 Mil
To fitting and renovation build in =RM 25 Mil
TOTAL COST OF CONSTRUCTION TO COMPLETION

=RM 113 Mil

Income and Gross Development Value

Income derive from waterfront stalls =RM72k Per Month
Sale of 31 units of shop/[email protected] per unit =RM 108.5 Mil
Sale of SOHO Tower @RM700 psqft Coverage 500 units @ RM450k per unit =RM225 Mil
Value of podium and commercial space =RM 70 Mil

Total Gross Development Value =RM 403.5 Mil

Profit and Calculations of Value

Gross Development Value (GDV) – Cost of Development Construction @RM403.5mil-RM113mil=RM290.5mil

Total Gross Profit of The Proposed Development Is

RINGGIT TWO HUNDRED NINETY AND FIVE MILLION

Call me for further information
018-9893546
Owner Are Welcome To List Your Property.
Is my pleasure to serve for your property.

MALAYSIA WATERFRONT PROJECT INVEST OPPORTUNITY󾀸KLANG waterfront project LAND FOR SALEDETAILS:SIZE: 9.3acres…

Posted by KYSW Dreamsbuilders on Sunday, April 26, 2015

Staffan O Kahn

very sorry to read this , first time in KL was in 1972

Expat Go Malaysia

Dear readers, the information for this news item was sourced from Bernama. However, we would like to point out a slight error to this blurb. The River Of Life project is nowhere near “almost complete”. The Expat team worked directly with PEMANDU and the relevant government agencies to write a comprehensive article on the River Of Life project and its progress. The article is available in the May issue of The Expat magazine. You can read the article online here. http://www.expatgomalaysia.com/2015/05/14/the-river-of-life-project-in-kuala-lumpur/

Mohamad Azeem

Its supposed to be 6%…..
I guess there is a typo…

OneJohn Smith

ooooohhhhhhhh you bad boy !!

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