Thursday, June 5, 2008

Ken ... May 2008

What’s NEXT!

It has projects in hand with a gross development value (GDV) of RM650mil, which would keep it busy for the next five years.

The group was also looking for land in the Klang Valley, Penang, Perak and Terengganu to add to its land bank.

The projects in the pipeline include an exclusive serviced apartment with a GDV of RM120mil in Bukit Bandaraya, Bangsar, extended low-cost apartments and shoplots with GDV of RM30mil as well as a mixed development project with a GDV of RM400mil, both in Shah Alam.

In 2007, the company had acquired two pieces of land in Taman Tun Dr Ismail, Kuala Lumpur, for a commercial development, which would partly be used to house its corporate office.

The company also has undeveloped land in Perak and Penang. They have about 50 acres (in Perak) near the Lata Kinjang waterfall that is surrounded by Government-owned land. The company was waiting to see how the new Perak government developed the land.

The company currently had cash in hand of RM22mil.

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