YNH Tower (proposed)
This is a planned RM2.1 billion iconic development which has been delayed over many years. YNH had originally tied up with Singapore's CapitaLand Ltd for the project. The two companies signed an MoU in December 2006 to jointly develop Menara YNH but the MoU was terminated in June 2007. Then in January 2008, YNH announced that it would sell half of then Foster-designed 45-storey Menara YNH to Kuwait Finance House (KFH) for RM920 million. KFH was supposed to take up half of the building with the rest to be sold to other buyers. YNH would have received RM1.84 billion in total proceeds, but in December 2009, the KFH sale fell through due to the global financial crisis.
The property is one of the last piece of 3-acre land in the commercial business district with a wide frontage of 320 ft along Jalan Sultan Ismail. With this in mind, Menara YNH would be now launched in 3 different components — starting with the retail portion, followed by the serviced apartments and offices.
Option 2 - previous proposals
Plaza Atrium, Lorong P Ramlee
Refurbishment and conversion of former 23-storey Plaza Atrium into serviced apartments adjoined with a 34-storey tower block.
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