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Old June 9th, 2013, 05:31 AM   #1
davidwsk
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KUALA LUMPUR | Lot 76 | 150m + | 40 fl | Pro

Name: Lot 76 (Tentative)
Categories: Mixed Use
Location: Jalan Ampang
Developer : Crest Builder
Floor: Around 40 fl

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Old June 9th, 2013, 05:32 AM   #2
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Crest Builder targets RM200m-400m in new contracts

By Ho Ching-Ling of theedgeproperty.com

Tuesday, 11 September 2012 15:33



KUALA LUMPUR (Sept 11): Construction company Crest Builder Holdings Bhd said it is targeting to secure between RM200 million and RM400 million in new contracts by the end of this year.

Speaking to the press after the company's extraordinary general meeting (EGM) on Tuesday, Crest Builder managing director Yong Soon Chow said the company is currently bidding for several contracts.

"We're expecting some jobs to come in by end of the year. They are mainly building jobs, but we're also bidding for infrastructure jobs mostly in the Klang Valley," said Yong.

The company's construction order book currently stands at around RM1 billion.

Crest Builder's key business activity is in construction but it is hoping its property development division will grow in future.

According to Yong, the main driver for its property development division will be the redevelopment of the Dang Wangi light rapid transit (LRT) station and the development of the 2.2ha land owned by Malaysia Rubber Board (MRB) along Jalan Ampang.

"We expect physical works for the Dang Wangi project to begin by the second quarter of next year and the MRB project will also be along the same timeline," said Yong.

The Dang Wangi and Jalan Ampang developments have an estimated gross development value (GDV) of RM1.04 billion and RM1.3 billion respectively.

Yong said he expects the two projects to start contributing to Crest Builder's earnings by 2014.

More: http://www.theedgeproperty.com/news-...contracts.html
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Old June 9th, 2013, 05:33 AM   #3
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[QUOTE=davidwsk;95020414]Crest Builder’s new strategy

Crest Builder’s new strategy

12-9-2012


It’s looking to monetise government assets
PETALING JAYA: Crest Builder Holdings Bhd is looking to “monetise government assets” as its property development strategy.
“We hope to secure one or two more in the next 12 to 18 months,”executive director Eric Yong said at a press conference after the company's EGM yesterday.

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Old June 9th, 2013, 05:33 AM   #4
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Crest Builder to commence flagship projects in 2013


By Ho Ching Ling & Chua Kai Shen of theedgemalaysia.com
Wednesday, 12 September 2012 10:45



KUALA LUMPUR: Construction firm Crest Builder Holdings Bhd aims to secure RM200 million to RM400 million worth of new contracts by end-2012, and to commence the development of its two mixed use high-rise property projects with a total value of RM2.4 billion in 2013.

Managing director Yong Soon Chow told newsmen after the company EGM yesterday that the company is currently bidding for several construction jobs.

“We’re expecting some jobs to come in by the end of the year. They are mainly building jobs but we’re also bidding for infrastructure jobs, mostly in the Klang Valley,” said Yong.

Crest Builder’s construction order book currently stands at around RM1 billion.

Management also revealed plans to kick-start the development of its two new flagship property projects sometime next year, in an effort to boost property earnings.

One of the projects is the redevelopment of the Dang Wangi light rapid transit (LRT) station and the second is the development of the 2.2ha land owned by the Malaysian Rubber Board (MRB) in Jalan Ampang.

Physical work on Dang Wangi is expected to commence in the second quarter and the MRB project in the third quarter of 2013. The two projects are operating on almost similar
timelines, and they are expected to be completed in 2018.

Both are joint venture projects between Crest Builder and the land owners, Prasarana Bhd and MRB.

While the Dang Wangi and Jalan Ampang developments have an estimated gross development value of RM1.04 billion and RM1.33 billion, certain portions of the development value will have to be shared with the landowners.

The two property projects could start contributing by 2014, said Yong. Though there are profit sharing terms, analysts expect the contribution to be significant relative to
Crest Builder’s current market capitalisation of RM138.1 million.

With new contracts and the two property projects, Crest Builder hopes to post double digit growth in the near term, said Yong of the company’s internal goal.


http://www.theedgeproperty.com/news-...s-in-2013.html
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Old June 9th, 2013, 05:34 AM   #5
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Earlier Design:
Quote:
Originally Posted by ericyong View Post
so.... let me post up some updates...... although not final yet.

the project has went from this...



....to something like this now...




Under new DBKL regulations, smallest units are 650 sq ft upwards. so, there are still going to be units selling below RM1mil.

Drop me your contact info in my PM box and my office will contact you later.
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further revision
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Old June 9th, 2013, 05:35 AM   #6
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