Kuala Lumpur, 21 January 2016 – M101 Holdings Sdn Bhd is set to innovate the real estate landscape in Kuala Lumpur as the company unveiled its latest design project M101 SkyWheel today.
Founded by YB Dato’ Seth Yap Ting Hau and YB Datuk Chua Eng Pu, M101 Holdings conceptualised the idea of ‘metropolitan living’ to encourage international investment into Malaysia. Partnered with the world renowned European Design studio, Studio F A Porsche, M101 SkyWheel is developed to be a unique building in the heart of Kuala Lumpur city centre.
Located in Kampung Baru, Kuala Lumpur, SkyWheel will feature the world’s highest shopping experience with a shopping mall called the SkyMall which will extend from the 48th floor to the 52nd floor, featuring over 200,000 sq ft of retail space that will provide guests a unique experience while enjoying the breathtaking city view.
“Investment in retail property remains strong and M101 believes that it is not enough to just build but instead, we should realise the full potential of the real estate sector and its part in the economic as well as social development for Malaysia,” said Dato’ Seth Yap Ting Hau, M101’s co-founder and Executive Director.
SkyWheel is a two-tower state-of-the-art complex which will house the highest Ferris-wheel in South East Asia, with the cabins designed by Studio F A Porsche – known for its distinctive, timeless and unmistakable signature design since its foundation in 1972. Located on the 52nd floor and the highest vantage point of SkyWheel, the Ferris-wheel will provide a view of the Kuala Lumpur city skyline from 220m above ground.
“The Ferris-wheel can also be disassembled or reassembled within 11 hours should there be any complications,” Yap assured.
“Malaysia is recognised as an important market for safe and stable investments as well as an emerging economy with world-class infrastructure. Partnering with Studio F A Porsche, one of Europe’s leading design studios, will further realise Kuala Lumpur’s position to be a world-class city by 2020,” elaborated Datuk Chua Eng Pu, M101’s co-founder and Executive Director.
The development that comes with a gross development value of RM1.4 billion will feature a true engineering masterpiece that will comprise of an ‘all-in-one’ integrated residential, commercial and retail development. SkyWheel will also feature the infamous Planet Hollywood Hotel as its hospitality provider as well as an award-winning landscape design by Inchscape Sdn Bhd and Veritas Architects Sdn Bhd.
Widely regarded for its purist interpretation of luxury and its philosophy that design is not simply a decoration, Studio F A Porsche’s experience of more than 40 years combines the harmony of both aesthetics and function.
“We are truly excited to take a creative part in this landmark project. Thanks to the visionary approach of M101, our studio’s design language will be a wonderful match. The project is run through our studio’s South East Asia branch office, and it is a big benefit because it is literally around the corner. We are proud to be able to contribute to the appeal of this great city,” commented Roland Heiler, Studio F A Porsche’s Manging Director.
SkyWheel is envisioned to continue what the Petronas Twin Towers have started and further elevate Kuala Lumpur as a must-see destination while giving the nation a symbol to further increase tourism and boost economic growth.
The development had since attracted interests from foreign investors, such as those from China, Hong Kong and even Germany. Priced at RM888 per sq ft, the residential phase will feature suites with built-up areas from 400 sq ft to 1,000 sq ft.
The M101 brand has already since launched two projects, namely the M101 Dang Wangi and M101 Bukit Bintang – both of which is expected to be completed by June 2017. The SkyWheel development will be M101’s flagship project featuring a black façade.
M101 Holdings is planning to launch 100 projects under its brand within Kuala Lumpur by the end of 2018 with a GDV of RM4 billion.