Mulpha Land Bhd ... July 2008

It will be launching four new high-end projects in Kuala Lumpur over the next two years with a total gross development value (GDV) of RM500mil. They include three residential projects in Ampang, Bangsar, and Bukit Tunku and an office tower in Jalan Sultan Ismail.

The very high-end Bukit Tunku development on 2.5-acre freehold land, would have bungalows priced around RM15mil each.

As for the Bangsar project (opposite Tivoli Villas), only seven units of three-storey bungalows priced at RM9mil to RM10mil would be built in the gated and guarded community.

Another upmarket development is the Raintree Residence, opposite the Raintree Club at Jalan Wickham in the diplomatic enclave of Ampang Hilir and U-Thant. Kuala Lumpur City Centre is about 3km away.

Mulpha will also build a Class “A” Green office building called 12 Jalan Sultan Ismail. The 23-storey building with four basement-parking levels has a lettable area of about 270,000 sq ft. It fronts Jalan Sultan Ismail and also Lorong Perak (opposite Shangri-La Hotel).

On its 474ha award-winning Sanctuary Cove on Queensland’s Gold Coast, Lee said sales had been very good and the whole area was one of the fastest growing in the region.

Mulpha Land Bhd is the property arm of the Mulpha group and is listed on the second board of Bursa Malaysia. Its flagship Leisure Farm Resort in Johor has won many property awards including two FIABCI Malaysian Chapter awards.