Wednesday, May 28, 2014

The Piece of Land in Jalan Conlay

As we were saying... here, the news is already out... 

KSK Group in RM1.8b project in KL

May 28, 2014

KUALA LUMPUR: KSK Group Bhd is estimating RM1.8 billion in gross development cost for its maiden mixed-use Conlay 8 project in Jalan Conlay.
KSK Land Sdn Bhd managing director Joanne Kua said they are now waiting for the development order (DO) to be approved by the Dewan Bandaraya Kuala Lumpur.
“We will start to call for the tenders in the first quarter of 2015,” she told reporters at a media briefing on the Conlay project here today.
The project with a gross development value of RM4 billion on a 1.6 ha site will be developed by its subsidiary, KSK Land Sdn Bhd, featuring three towers and a 200,000 sq ft retail podium.
The tallest tower is 60-storey high and will house a five-star hotel and serviced apartments.
The other two towers, standing at 50 and 55 storeys each will comprise luxury condominiums.
The construction of the Conlay project is expected to commence by year-end and the first phase of serviced apartment is slated to launch at first quarter of 2015.
The project is slated to be completed by year 2020.
The group is also eyeing to collaborate five star overseas hotel operator, adding that the talk on the collaboration has been ongoing however they have yet to decide, she said.
Looking ahead, KSK Group is looking to acquire more land in Penang and Klang Valley as well as abroad at Central London, she said.
– Bernama

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