Thursday, July 7, 2011

Redesign of the MAS Building

Earlier, building enthusiasts from SkyScrapercity revealed a plan by PNB, owner of Bangunan MAS beside St.Mary Residences to refurbish the ageing building. Apparently, the large podium at the back of the building will be demolished to construct a hotel. Lately, a better plan has emerged. It is going to be a 45-storey tower attached to the current block on the Jalan Sultan Ismail frontage, instead of the back podium as reported earlier. This sounds like a better idea because a luxurious hotel would obviously be better off having a Jalan Sultan Ismail frontage compared with a back-street Jalan Tengah entrance.

Pictures below by enthusiasts Rizal Hakim reveals what's in the plan.

Latest report about St Mary next door:

Foreign buyers make up 30% of sales at St Mary Residences so far
By Siti Sakinah Abdul Latif of
Tuesday, 15 March 2011 19:50

KUALA LUMPUR: Eastern & Oriental Bhd's (E&O) St Mary Residences condominium project in Kuala Lumpur has attracted a significant number of foreign buyers.

E&O's executive director Eric Chan said foreigners make-up about 30% of the sales. "We have buyers from 13 different nationalities, including countries such as Japan, Hong Kong, Singapore and Indonesia," he said.

The project with a gross development value (GDV) of RM800 million comprises three 28-storey towers on a 4.04-acre freehold site on Jalan Tengah. The three towers offer a total 657 units with Tower A, B and C offering 288 units, 200 units and 169 units respectively.

Chan said Tower C has been 90% sold, while Tower A is 50% sold since its launch in August 2009. Tower B is being kept for the original landowner. The price is at an average of RM1,100 psf.

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