Feasibility studies are essential for analysing the conditions of buildings and the surrounding site which can then generate proposals and assess the feasibility of different financial and governance structures to manage the site. The feasibility study allowed a better understanding on the state of buildings and the initial estimate of financial and technical requirements to restore and activate the space.
Expertise: Analytics, Conservation
Services: Analytics, Research
Flagships: Culture-Based Economic Development
Keywords: Khazanah Nasional Berhad; KLCCD; DTKL
Heritage buildings are important tangible assets. It is necessary to preserve and revitalise without compromising the heritage values and its authenticity. The old buildings are often underutilised, in dilapidated condition and difficult to be managed due to complex issues of different ownership and caretaker. Feasibility studies are crucial to analyse the condition of buildings and the surrounding site, generate proposals and assess the feasibility of different financial and governance structures to manage the site.
Bangunan Sultan Abdul Samad complex is comprised of 6 adjunct civic heritage buildings built around late 19th and early 20th century. The iconic heritage buildings are in dire condition and underutilised. The revitalisation of BSAS complex serves as a catalyst to rejuvenate downtown KL. BSAS Complex is namely, Bangunan Sultan Abdul Samad, Bangunan Pejabat Pos Besar, Bangunan Mahkamah Tinggi, Bangunan Dewan Bandaraya and Jabatan Penerangan, Bangunan Mahkamah Perusahaan and Muzium Tekstil.
A preliminary feasibility study was carried out to analyse the site, develop potential space use and assess the financial feasibility of different combinations of space uses. The study is largely prepared in-house by Think City and commissioned by Khazanah Nasional Berhad as part of the mandate given by the Ministry of Finance.
The study provides an overall understanding on the state of buildings, initial estimate of financial and technical requirements to restore and activate the space.