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M101 Holdings signs MoU with Select-TV

1st Dec 2015

M101 Holdings signs MoU with Leading IT Companies

Aims to create an integrated metropolitan hub with Alcatel-Lucent, Select TV, Nutanix and Panduit systems

M101 Holdings Sdn Bhd, a visionary developer focused on creating smaller scale boutique developments has today signed a Memorandum of Understanding (MoU) with four leading IT companies namely Alcatel-Lucent, Select TV, Nutanix and Panduit to create an integrated metropolitan hub for their new development projects.

The company aims to incorporate the cloud-based integrated solution to all its future property development starting off with M101 Dang Wangi and M101 Bukit Bintang properties. Both properties, which have a total GDV (gross development value) of RM600 million are expected to be completed in 2017. 

 The MoU was signed by both Dato' Seth Yap and Datuk Chua Eng Pu, Executive Director of M101 Holdings Sdn Bhd with Mr Lim Chiam Teck, Country Manager (Global Enterprise & Public Sector), Alcatel-Lucent, Mr Goh Chung Sen, CEO of Select TV,  Mr Desmond Ong, Managing Director of Malaysia & Brunei from Nutanix and Mr Kevin Choong, Area Sales Manager of Panduit.

The integrated metropolitan solution will comprise of a triple play system using Alcatel-Lucent’s Gigabit-capable Passive Optical Networks (GPON) technology which provides video, data and voice into a single network. Alcatel-Lucent’s modem-sized devices will then be connected to Select TV’s IPTV system for in-room entertainment. To ensure consistent 24x7multimedia streaming, both M101 Dang Wangi and M101 Bukit Bintang properties will be wired up with Panduit’s point-to-point high quality fiber optic cables that run at speeds of up to 1Gbps. 

Both properties are then connected via Nutanix’s new multi-premise technology which allows for one location to host the hotel property management software that can be shared with other locations through the cloud-based server.

“M101 Holdings is determined to progress and continue providing the best and beyond to our customers. Today’s collaboration, valued at RM4.7million is our commitment in realizing our aspiration to be a serious contender in the property market,” said Dato’ Seth Yap, Executive Director of M101 Holdings Sdn Bhd.

“Our partners were identified and selected for their specialization and we sought to merge their strengths to produce an optimal IT solution for our M101 Dang Wangi and M101 Bukit Bintang properties as we believe this is crucial in meeting the expectations of our potential customers who are seeking modern commercial facilities and contemporary residential living,” he added

M101 Dang Wangi and M101 Bukit Bintang properties are identical in concept providing integrated commercial and retail development with SoFo (small office/flexible office) features. The upper floors will house the hotel while the lower floors will comprise the individual suites. The carpark area and retail space will be on the ground and first floors of the buildings. 

“The idea of building an integrated metropolitan is to centralize various city conveniences combining properties like hotels, commercial units, retail outlets, entertainment features for consumers to form a prolonged interaction with each service and facility. This diversifies consumption and increases spending,” quips Datuk Chua Eng Pu, Executive Director of M101 Holdings Sdn Bhd.

“M101 believes in investing in long term interests and keeping partial ownership of the properties to ensure that they flourish and ultimately enrich parts of the city of where our properties are located,” Chua affirmed.

Other future properties to be incorporated with the integrated metropolitan solution shall include M101 Sky Wheel, M101 Railway Station and M101 Kampung Attap.

About M101 Holdings Sdn Bhd

M101 Holdings Sdn Bhd is named after Malaysia's coordinates as Kuala Lumpur is located 101 degree east of the prime meridian. The company was founded by Dato’ Seth Yap and Datuk Chua Eng Pu in 2012. The dynamic duo had been involved in the real estate industry for a good numbers of years prior to forming M101 Holdings Sdn Bhd.

The founders saw opportunities in small undeveloped parcel of lands in Kuala Lumpur City and came up with a "Metropolitan Living" concept that would entice foreign investment Malaysia’s real estate. This vision of “Metropolitan Living” has made them instinctive to finding and creating new markets as well as discovering untapped value in existing ones.

M101 believes in focusing on creating smaller scale boutique development in downtown Kuala Lumpur, a unique positioning of the company, as an alternative to other more conventional developments.

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