Connecting the nation. and Beyond. - ChartNexus

Selbourne Square, Shah Alam
MRCB Sentral Properties Sdn Bhd (MSPSB), a wholly-owned
subsidiary of the Group has developed two distinctive property
landmarks in Selbourne Square, Shah Alam comprising the 21storey
Menara MRCB offi ce block and Plaza Alam Sentral, the
biggest shopping mall in Shah Alam.
In 2009, MSPSB had initiated the development of a Retail
Complex with Offi ce Towers on the remaining land in Selbourne
Square with a GDV of approximately RM180 million. Building
approval has been obtained and construction is scheduled to
commence in fi rst quarter 2013 with targeted completion by
end 2016.
Little India Project
MRCB Land was also awarded a project by the Ministry of Federal
Territories and Urban Wellbeing to develop a cultural enclave in
Brickfi elds known as the Little India project. To be developed over
two phases, the components include one of the tallest fountains
in the country, a multi-storey Indian Bazaar, cultural arches,
souvenir centres, a food court and a multi-storey car park.
The fi rst phase of the project began in June 2010, with the
construction of the 20,000 sq. ft. Temporary Hawker Centre
located at the fi eld on Jalan Chan Ah Tong. The Temporary
Hawker Centre was completed by end July 2010, and houses
50 food stalls and 16 fl ower and two fruit stalls. The cultural
elements to be completed in the fi rst phase included the water
fountain, food and fruit stalls and a cultural arch.
Phase 1 was completed on time for the offi cial launch of the Little
India project on 27 October 2010 by YAB Dato’ Sri Mohd Najib
Tun Haji Abdul Razak, the Prime Minister of Malaysia and His
Excellency Dr. Manmohan Singh, Prime Minister of India.
Phase 2 of the project involves the construction of the multistorey
Indian Bazaar, car park, and food court and has begun
since August 2010. The project has been included as a tourism
site and one of Malaysia’s heritage walks. Upon completion in
2012, Little India will not only showcase the cultural and social
diversity of Malaysia, but provide economic opportunities for
the local community.
Penang Sentral
‘Little India’ Fountain Penang Sentral
/ MRCB laporan tahunan 2011 / 79
MRCB’s foray into Penang brings with it vast experience in
providing well-planned, exclusive developments set in choice
locations for greater connectivity, driven by a transportation hub.
Penang Sentral Sdn Bhd, a 49:51 joint-venture between
MRCB and Pelaburan Hartanah Berhad (PHB) was set up to
jointly develop Penang Sentral, an urban development in an
integrated mixed commercial development with the largest
integrated transportation hub in Malaysia’s northern region. This
development will form part of the Northern Corridor Economic
Region (NCER) which was launched by the Government. Penang
Sentral is poised to be the catalyst of growth to rejuvenate the
economy in the northern region.
Penang Sentral comprises a transport terminal for ferries,
buses, taxis, trains and a projected monorail station, integrated
with commercial and residential components spread over
approximately 24 acres of land in Butterworth, Penang. With the
completion of the KTMB double tracking electric train project,
train service between Penang Sentral and Kuala Lumpur Sentral
in the future will take only three hours.
Upon completion, it will have a potential GDV of about
RM2.3 billion. To kick off the project, a temporary bus terminal
and hawker centre were constructed and completed to clear
the site required for construction of Phase 1, which comprises
a Transportation Hub and Retail Complex with a GFA of
approximately 320,000 sq. ft. and 750,000 sq. ft. respectively.
Land alienation and procurement of authority approvals are in
progress. Construction works are targeted to commence third
quarter of 2012. The Transport Hub and Retail component are
scheduled to be completed by 2014 and 2015 respectively.