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Feasibility Study

FEASIBILITY STUDY REPORT

Table of Contents
INTRODUCTION ............................................................................................................................. 2 PROJECT TEAM .............................................................................................................................. 3 SITE LOCATION ............................................................................................................................. 3 ACCESS TO THE SITE .................................................................................................................... 4 PLANNING CONSTRAINTS ........................................................................................................... 5 LICENSING APPROVALS .............................................................................................................. 6 GEOLOGICAL CONSIDERATION ................................................................................................. 7 STATUTORY UNDERTAKING / SERVICES ................................................................................. 8 DESIGN POSSIBILITIES ................................................................................................................. 9 PHASING POSSIBILITIES ............................................................................................................ 10 COST ESTIMATE .......................................................................................................................... 11 OPTION AND RECOMMENDATION FOR PROJECT TEAM ...................................................... 11 APPENDIX ........................................................................................................................................ 13

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INTRODUCTION

The 40-storey twin towers blooming majestically out of the prime freehold land are a testament to its grace and contemporary style. Distinctive louvered faades run up the length of each tower, providing an avant-garde veil of privacy for each spacious unit. Against a timeless, emollient design that draws inspiration from its predecessors; private lift lobbies provide intimate, uninterrupted access to abodes on every floor, two units to each wing. An ode to perfection, 28 MontKiara is a design for the perfect life. When a construction project is proposed, a feasibility study will be conducted to objectively review the strengths, benefits and weaknesses of the proposed project. The feasibility study will include, but not limited to , the estimated costs, potential returns, effects to the environment and adjacent structures, the feasibility of the proposed design, the site conditions, and other reports to determine whether the project will provide a suitable return for the required time and resource investment. In the past feasibility studies for projects have been developed on an ad hoc basis because a standardised approach has never really been developed. As a result various large organisations like the other construction companies and the Malaysian Development Board Authority have developed their own in-house systems to improve the process. The old unstructured approach has been successful on many projects in the past but the complexity of the processes involved in a large project inevitably results in a quite high risk of failure when the project either runs very late or is wildly over budget or even worse just does not work.

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PROJECT TEAM During a construction project, an owner or project manager will be faced with not only their in-house staff capability assessment, but the additional coordination for construction projects, including the tasks of deciding what aspects need outsourcing and the thorough, high-stakes processes of selecting the professionals to complete them. Contract administrators, architects, and managing engineers typically concentrate on the engineering aspects of a construction project. If not previously involved in the role of construction project managers, they may not have the financial acumen or background on your organization, the construction enterprise risk management knowledge, or the cost planning and control in construction project management to make decisions that could affect thousands or millions of your dollars. In short in the Mont Kiara project, tell us that how to manage construction projects, remodels, renovations, or commercial relocations to better position yourself and your company for a successful finish on time, on budget...and out of court.

SITE LOCATION

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Developer Name Location Address Mont Kiara, Kuala Lumpur Penthouse, Wisma Sunrise, Plaza Mont Kiara, No2, Jalan Kiara, Mont Kiara 50480 Kuala Lumpur Website Contact No. Parent Company web.archive.org 03 2093 7777 Sunrise Berhad Sunrise Innovations Sdn Bhd (473984-W)

ACCESS TO THE SITE Improved construction site safety is used to access to the site following by Sun Rise Sdn Bhd in Mont Kiara. Safety problems to overcome include: lack of clear cut contractual responsibility for safety, lack of an industry-wide agreement on shop drawing responsibility, the need for general and site-specific safety training, and the need for workers to accept responsibility for their own actions. Each construction project is unique with site-specific issues. Hazards and exposures change daily. There are numerous contractual arrangements, such as design-build, multiple or single prime contract, or construction management, that can affect construction site safety responsibility. Many projects have multiple prime contractors and possibly owner-employees working in the same area with safety responsibilities not always clearly delineated.

Numerous accidents have been attributed to the lack of clear responsibilities for final approval of shop drawings, such as L'Ambiance Plaza and the Kansas City Hyatt walkway. There is no clear consensus on an industry standard as to who (the designer, the contractor, the erector, the supplier, the manufacturer/fabricator, or the detailer) should have ultimate responsibility for the approval of shop drawings that cover such critical items as connection details and temporary construction or form work.
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Laws and regulations administered by OSHA generally provide adequate technical guidance to the construction industry on how to work safely, but the administrative and procedural requirements tend to be punitive and burdensome, especially on small projects.

PLANNING CONSTRAINTS The common problems faced in the project of Mont Kiara, and often do, go wrong on a custom building or renovation project, and to provide possible solutions to these problems. There are some common problems arising from construction defects in homes and condos. As a homebuyer, it is in your best interest to at least be aware of the potential construction defects that can occur in a home or a condo. What is important as a home buyer is whether or not a specific construction defect will affect the value of the home or condo. Construction defects can be very damaging or they can be minimal. Either way the defect needs to be taken care of properly. The following are descriptions of some common problems arising from construction defects in homes and condos. Construction defects could be the result of improper design or installation deficiencies. Construction defects could be due to substandard construction strategies, faulty workmanship inside and outside the house, bad building material, poor drainage systems or improper soil analysis and preparation. Construction defect that needs immediate repair, take steps to correct it and maintain detailed records. Document any communication you have with contractors, the builder or the developer. Although you may not need it now, if you suspect that you may have a construction defect, these records may come in handy later. While dealing with a construction defect you may have many questions about how to best handle the situation. y y y Incorrect custom orders Subcontractors mistakenly working off of an old set of blue prints Additional cost occurring in the course of construction. Unforeseen conditions, like bad soil, termite damage or dry rot, often are discovered during construction. y Delays in construction. One of a homeowner's biggest fears is: "How can I guarantee this work will proceed as quickly as possible. y Well-intentioned mistakes. There are times when a carpenter or a subcontractor believes he has a more efficient way to complete some part of your plan or feels he or she has an "improvement" you would really like. Unfortunately, in so doing, they may
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deviate from the blue prints, and you end up with an appearance different than you expected. y Upon the completion of framing or some other stage of construction, you may discover they don't like the results and want it rebuilt some other way.

LICENSING APPROVALS SUN RISE SDN BHD holds a Grade G7 license approved by the Construction Industry Development Board Malaysia which permits the Company to undertake building works and specialized civil Engineering projects for an unlimited amount. Grade G7 is the highest grade for licenses issued by the Board. SUN RISE SDN BHD is also registered as International Registered Contractor with CIDB. SUN RISE SDN BHD also holds a PKK Class "A" license which permits the Company to tender for construction projects awarded by the government. SUN RISE SDN BHD is the first construction company to achieve the prestigious MS ISO9001:2000 Quality Management System certified by SIRIM QAS Sdn Bhd, through the ISO9000 DIY scheme, designed by Construction Industry Development Board (CIDB) of Malaysia on 02 November 2001.

In 2006, SUN RISE SDN BHD was proudly presented with Productivity Award 2005 (Special Award) by National Productivity Corporation, a statutory body under Ministry of International Trade And Industry. This award marks our achievement in productivity

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management of the company. CIDB's main aim with this policy initiative is to optimize resources by enabling domestic labour to acquire skills in more than 1 trade. Local Construction Personnel, mainly from the G1 - G3 Grade Contractors are required to upgrade their skills in order to remain relevant to the needs of the technology applied in Construction techniques, with priority given to the skills that add higher value to Construction Processes. Where appropriate, high-value added skilled labor will be used to enhance the competitive advantage of local Contractors in bidding for foreign projects

GEOLOGICAL CONSIDERATION The current practice of depending heavily on borehole drilling records to study the complexity of the ground in Mont Kiara is risky and incorrect, as much of the commercial centre of Mont Kiara is founded on heavily karstified limestone of the Mont Kiara Limestone Formation and boreholes give no guarantee of finding all the karst. The purpose of this research is to provide a scientific approach in understanding the development of dissolution in the Mont Kiara Limestone Formation to be able to predict the occurrence, location, dimension and direction of karst in Mont Kiara, so that problems encountered by engineering projects which result from the unexpected occurrence of karst not detected during a ground investigation can be avoided. The methods of study used in this research consist of literature review, map interpretation, field work and interpretation of borehole records. The initial approach compared the structural geology of the limestone formation, based on the published 1:63,360 scale Geological Survey map of the geology of Mont Kiara, with the river patterns developed upon it, and seen at the same scale, to discover whether any relationships exist between its geology and its groundwater. The preliminary prediction of karst directions acquired from this study (N030 to 070 and N120 to 150) was then investigated in the field, using the sites exposed for construction of the SMART tunnel under Mont Kiara. Existing borehole data from site investigation reports for this construction project permitted a further study of karst to be conducted by analysing the borehole logs, in order to quantitatively establish the percentage of karst per unit area and per unit volume of ground penetrated. This revealed a distinct difference in karstification between the North and South sections of the tunnel, the North being more karstified than the South, and supported the results obtained from geological mapping and from map interpretation at 1:63,360 scale. The
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basic geological studies, in particular structural geology and the identification of structural domains, limestone mineralogy and petrology, and the dating of dissolution events, all have the potential to reduce the unpredicted features of buried karst in Mont Kiara and provide a basis for the engineers to be able to assess the risk to ground engineering work in the area.

STATUTORY UNDERTAKING / SERVICES Led and managed by a team with years of experiences in various aspects of facility management, SUN RISE SDN BHD offers a diverse range of services to suit individual requirements. Our range of specialist services and technical expertise include:
y y y y y

Mechanical and Electrical Systems Controls & VFD Systems Building Maintenance Services General Employee Services Energy Management

In our efforts to provide total solutions to your facility needs, SUN RISE SDN BHD's large pool of capable resources (which include in-house specialists, strategic partners and consultants, purchasing team, suppliers and sub-contractors) have been constantly assisting

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our customers in sourcing for the best and most suitable materials and supplies in terms of quality, reliability and competitive pricing.
y

Design: designing layouts and requirements for building services for residential or commercial developments.

Construction: supervising the construction of the building services, commissioning systems and on-going maintenance and operation of services.

Environmental: developing new energy saving methods for construction, designing new and improved energy conservation systems for buildings.

Heating, ventilation and air conditioning (HVAC): specialising in the design, development, construction and operation of HVAC systems.

Electrical technology: specialising in the design and development of electrical systems required for safe and energy sustaining operation of buildings.

DESIGN POSSIBILITIES From largest structure a total devise to smallest structure a total project, we regularly need a structure expert to strengthen an investment in structure a total business. Because it is not probable to be entirely engage yourself in a structure a total business. At that place we have order of a veteran builder who has imagination in this industry. What is a work of a structure consultant? That is a really critical question. They could be hired by a home builder or vast scale structure contractors to understanding with an internal supervision as well as to correlate with a labour. In vast scale structure a total projects, an expert can be work as a devise physical education instructor as well as offer as a go-between in traffic for element prices.

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Plaza Foster details for MK20 which sits on six acres (2.4ha) of freehold land along Jalan Kiara nearby Plaza MontKiara are still being fine-tuned. As a result, the exact number of units is still being determined and selling prices have not been set. The Plaza Foster serviced residences have proposed unit sizes from 850 sq ft to 2,000 sq ft, the SoHos have sizes from 450 sq ft to 1,000 sq ft, while the Plaza Foster business suites are from 700 sq ft to 1,550 sq ft while the business suites are 700 sq ft to 1,550 sq ft. Plaza Foster Design is aimed at ensuring privacy for its residents while optimising natural light, views and external spaces at the same time.

PHASING POSSIBILITIES SUN RISE SDN Bhd has announced that construction works for Mont Kiara Citys third phase will commence in the next few months, together with two other development projects pending approval from the authorities. In its annual report, SUN RISE SDN said the final phase of the Mont Kiara City

development, known as Phase Three, is to be a commercial development comprising retail and office space with a gross built-up area of approximately one million sq ft.

Some analysts said the company will likely use some of the RM215 million cash it will receive for the divestment of Mont Kiara City Gardens Sdn Bhd to finance the project, which is the last land parcel to be developed in Mont Kiara City.

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After this project, SUN RISE SDN is done with the Mont Kiara area and it will be riding on the rental appreciation from the mall and office space, said an analyst, adding that current rentals are trending upwards. SUN RISE SDN also revealed that there two projects with a combined gross development value (GDV) of RM426 million are in the pipeline, with the first project located in Japans Niseko Village and comprising two 23-storey towers, 475 service apartments and a retail podium. It is scheduled to launch in Q3 this year.

COST ESTIMATE An estimate of capital cost (direct cost and indirect cost) and an estimate of capital expenditure (plant, labour, material, temporary works, fixed overhead, subcontractors, suppliers, operation and maintenance) will be well prepared in some kind of financial schedule to assess the economic viability. At the same time, an income schedule shall also be prepared to foresee the profitability and rate of return in case of a commercial project. The capital cost estimate has been prepared with an intended level of accuracy of plus or minus 15% and is intended to support the Feasibility Study financial analyses. The estimated capital costs for constructing and sustaining the operation of the Project are as given. The costs are expressed as third quarter 2011 RM without escalation. Total capital costs over the life of the operation are estimated to be RM 90 Million.

OPTION AND RECOMMENDATION FOR PROJECT TEAM

It is apparent that the above process can become so complex on many projects that an ad-hoc approach to project development will result in a high risk that either the project just does not work or overruns on time and / or cost. It is also the case that most projects will require the input of specialist skills that are not available from the company or organisation that identified the opportunity. Consultants and other contractors may then require and it then becomes very difficult to decide who does what and to ensure that all the best development options are thoroughly explored and compared with each other.

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It is also the case that consultants are often asked to undertake the feasibility studies because they have the necessary skills. Objectivity can then easily be lost because the consultants will often have a vested interest in the adoption of one or more of the alternatives i.e. more work and more fees! Safety issues vary during construction of different sizes and types of projects. Proposed regulations and legislation should recognize these differences. ASCE believes that legislation and OSHA's rule making, while continuing to identify safety and health hazards, need to emphasize and apply an approach in which cooperation, education and training is the primary focus. However the biggest danger in this approach is that the stages begin to overlap and this can result in the Asset Creation stage starting before all the necessary planning and approvals are in place. This results in late changes and consequent delays and cost overruns.

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APPENDIX

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