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22-Nov-2015 14:58 by 2 Comments

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Tan Sri Yeoh will never allow "normal-class" outlets like Giant to open in a high-end mall like Starhill ...Besides, Giant's name seems so out of place when put together with Shooks!

Tan Sri Dr Francis Yeoh with a model of the Ritz-Carlton Residences.The whole project, including the facelift for Starhill, will cost RM220mil.These serviced residences will be the yardstick by which other exclusive properties are measured, Yeoh said.Hoping for someone new, who has no other outlet anywhere in Malaysia or better still, in any part of Asia, yet...These may include Harrod's, Harvey Nichols, David Jones, Macy's New York etc...On another note, Yeoh said YTL Corp is in the midst of appointing a merchant bank to advise on the possible launch of real estate investment trusts (REITs) for the group in the near term.

If we are going to launch REITs, we need to have a YTL name behind it, he said.

The Ritz Carlton Residence, part of a worldwide network of high-end urban homes and the only one of its kind in Asia, is due for completion in March next year.

The Bintang Walk area includes two of KL's most upmarket shopping malls (Lot 10 and Starhill), two five-star hotels (the JW Marriot Kuala Lumpur and The Ritz-Carlton Kuala Lumpur) and a wide mix of dining and entertainment spots.

As a shopping centre that wants to have a staying power and strong international visibility, Starhill needs to stamp its mark on the local retail industry as an icon and a trendsetter.

However, Yeoh was quick to point out that the repositioning of Starhill was not just an intelligent investment.

I saw a very very huge poster surrounded the front of the mall and all the visitors have to use the JW Marriot in order to go in....