Official ground breaking ceremony of M101 SkyWheel: (From left) General Manager, Zhongji Construction Sdn Bhd general manager Cui Hai Zhen, Perbadanan Pembangunan Kampong Baru chief executive officer Datuk Haji Mahadi Bin Che Ngah, Perbadanan Pembangunan Kampong Baru chairman Datuk Affendi Zahar, Kuala Lumpur City Hall executive director of planning Haji Mohd Najib Nordin Bin Haji Mohd, Minister of Federal Territories Dato’ Seri Tengku Adnan Tengku Mansor, M101 Entity Sdn Bhd (M101) founder Dato’ Seth Yap Ting Hau, Studio F.A. Porsche studio manager (Singapore) Tobias Huettl, Planet Hollywood Hotels Worldwide vice president of brand marketing Robyn Peot and M101 group director Datin Lea Chan Heng Si.
KUALA LUMPUR: Minister of Federal Territories Dato’ Seri Tengku Adnan Tengku Mansor, Kuala Lumpur City Hall executive director of planning Haji Mohd Najib Nordin Bin Haji Mohd and M101 Entity Sdn Bhd (M101) founder Dato’ Seth Yap Ting Hau recently officiated the ground breaking ceremony of M101 SkyWheel, a two tower state-of-the-art development with the highest Ferris-wheel in South East Asia designed by Studio F. A. Porsche.
The project, which will include construction of a Ferris-wheel positioned on the 52nd floor and at its highest vantage point, will provide a view from 220m above ground is a remarkable landmark skyscraper that will further place Malaysia on the map as a top spot region for property and development after the Petronas Twin Towers. M101 SkyWheel will also feature the world’s highest shopping experience with a SkyMall that extends from Level 48 to 52. The retail space with over 200,000 sq ft will offer locals and tourists diverse product offerings and world-class shopping experiences.
The ground breaking ceremony marks the beginning of a transformation for the Kampung Baru neighbourhood that will lead to a major economic boost. M101 SkyWheel will not only help revitalize the surrounding community but will provide great amenities as well as give the oldest residential area in Kuala Lumpur a major facelift.
“With its own magnitude and unique design, M101 SkyWheel has brought back excitement to the local real estate scene. The iconic building will certainly raise the standards of commercial and retail development within Klang Valley. M101 SkyWheel plays a major role in boosting our nation’s economic growth in the property market sector and not to mention, the tourism sector as well,” said Adnan.
“There is more to Kampung Baru than meets the eye. The M101 SkyWheel project will be a game changer in recent development plans of Kampung Baru. It will be the icon that the nation remembers when they think of the new image of Kampung Baru,” he added.
Besides the M101 SkyWheel, Kampung Baru will be fitted with new highways, an MRT station (Kampung Baru North Station) making it Kuala Lumpur’s second new City Centre.
M101 Entity Sdn Bhd (M101) founder Dato’ Seth Yap Ting Hau showing the scale model of the project and the surrounding area to Minister of Federal Territories Dato’ Seri Tengku Adnan Tengku Mansor.
“Property tourism is a concept coined by M101 Entity (M101), whereby we take it upon ourselves coming from the private sector to promote Malaysia’s property locally and abroad while enhancing Malaysia as a tourism destination. The company’s mission is to build ten buildings in the heart of ten different strategic locations around the Klang Valley region with a total gross development value (GDV) of RM4bil, to promote property tourism in the country. This is part and parcel of our goal to support the government’s tourism goal to increase the local economy and tourist arrivals,” said Yap during his welcoming speech.
“This sets another hallmark and joyous occasion for the company. In 2013, the M101 brand successfully launched a RM10mil initiative in property tourism together with Ministry of Tourism and Culture Malaysia. By further supporting the government in maintaining to promote “property” tourism, we see a big opportunity to bring in foreign direct investment that would benefit not only the economy but also the retail industry. We hope to take advantage of opportunities seen in small underdeveloped lands in the city centre. With this we also hope to encourage both local and foreign investors to take interest in Malaysia’s property.
“M101 SkyWheel is a true icon rising making it an engineering masterpiece, with a 'all-in-one' integrated commercial and retail development which will herald a new era to the very historic Kampung Baru. We want to take inspiration from the past, to demonstrate the foundations of identity, and gain confidence towards taking the next step forward,” Yap further added.
M101 SkyWheel will also encompass the famous Planet Hollywood Hotel, impressive retail space and Culinary Heaven with lifestyle amenities as well as an award winning architecture by Veritas Architects Design Group. More than 1,000 potential buyers have registered and showed interest to the M101 SkyWheel since the project was previewed early this year.
M101 Entity (M101), Meridian 101 degree named after Malaysia’s coordinates in 2012 is known as a boutique property developer and the M101 brand has already launched two projects, namely M101 Dang Wangi and M101 Bukit Bintang, which will be completed by June 2017. M101 SkyWheel is the flagship project under the M101, making it the third and largest project grossing RM1.4bil in Gross Development Value. The company also has plans to expand into Langkawi as well as abroad such as Karimun, Bintan and Bandung, Indonesia.
