Erecting a lofty skyscraper beside Malaysia’s most iconic structures is one gutsy move. But not only has the Four Seasons Place Kuala Lumpur dared to stand close to the Petronas Towers; it approximates their stature: at 343 metres high, the 65-storey supertall topped out three years ago as the country’s second-highest building.
The project had been fraught with challenges since 2003 when developer Venus Assets Sdn. Bhd, led by hotelier Ong Beng Seng, acquired the 106,423-sq ft site owned by billionaire Khoo Teck Puat for MYR90m (USD21m) in a part of KL dubbed “the Golden Triangle” due to its clout as an entertainment and economic enclave.
In 2008, a mere year after the developer got City Hall’s approval to build the country’s first Four Seasons hotel, the MYR2.2bn project stalled due to the global financial crisis.
Originally envisioned as asymmetrical condominium and hotel towers reaching up to 72 storeys, the project resumed in 2012, with Ong joined by fellow Venus Assets principals Sultan Sharafuddin Idris Shah of Selangor, Singaporean tycoon David Ban Song Long, and hospitality mogul Tan Sri Syed Yusof bin Tun Syed Nasir.
“In reviving this, the client decided the project would be ‘homegrown’ – fully designed and consulted by main local consultants along with international specialist consultants,” says Yew Bu Hwa, principal director of NRY Architects. “The project started with piling works and construction of diaphragm walls based on the original design.”
Esta historia es de la edición August - September 2020 de Property Report.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August - September 2020 de Property Report.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Singapore Starts To Swings
Generous stimulus has saved the Lion City’s economy from disaster, and a percolating post-pandemic boom looks set to send the residential sector into overdrive
Natural Highs
With people seeking safe ways of re-engaging with the outside world, the pandemic has steered investment in key ski markets back on-piste
It's In Hua Hin
A long-time favorite of Thai royalty and weekenders travelling from Bangkok, the famous beach town is adding some alluring new strings to its bow
Blues In The Blood
As China’s cities explode, its built heritage is often neglected. Hangzhou-based Bluetown Architects aims to redress that balance through its striking but functional work
Little Joy Soldiers
Real estate sales offices are reopening in Yangon, but banking problems, low confidence and oversupply mean a bleak outlook as the army seeks to entrench rule
Youth Movement
Young members of a storied family shift property development in Cebu forward with a smart, green commercial tower, rising tall above an heirloom estate
Gift From Above
Source Global is tapping into a renewable source— the sky—to supply drinking water to residential communities and commercial properties in Asia
Proptech Is Enhancing Efficiency And Human Experience
The pandemic has forced the real estate industry into a more meaningful embrace with technology after years of flirting with innovation
Legacy Of Handy, Individualistic Inventions
The global crisis has caused unprecedented pain, but its extraordinary nature has seen it spawn a legacy of handy, individualistic inventions
Wave Of Mutilation
Lockdown disruption, evolving working conditions and an exodus by offshore gaming operators have sent the vital office space sector in the Philippines into freefall