NEW STUFFS - DISCUSSION, NEWS & PICTURES III | Just message anything new of what you have seen or heard here. - Page 104

patchay · February 21st, 2010, 12:16 PM

Quote:

Originally Posted by ZaHiRnYa???

which abandoned building on jalan sultan ismail?

the former Grand Hyatt lol

rizalhakim · February 21st, 2010, 12:26 PM

Quote:

Originally Posted by patchay

YTL Land & Development (a member of YTL Group)
===============
Upcoming / future project:
- High-end gated community known as Pantai Peak, Pantai Hillpark
- The Capers and Seed Towers, Sentul East
- Future developments in Sentul West and Sentul East
- Bird Island, Sentul West

U shud includ their BB's supertall twintower project...

SHAH FIRDAUS · February 22nd, 2010, 01:03 AM

Developers to launch RM1b projects in Penang
By DAVID TAN

davidtan@thestar.com.my

GEORGE TOWN: Four major Kuala Lumpur-based developers plan to launch some RM1.16bil worth of luxurious residential properties in Penang this year, in view of a recovering domestic economy and continuing demand for high-end homes.

The properties are IJM Land Bhd’s RM422mil The Light Collection I & II, SP Setia Bhd’s RM60mil Brooks Residences, RM230mil Reflections condominium and semi-detached schemes for its Setia Pearl Island project, E&O Property Development Bhd’s RM380mil first phase of the Quayside project, and Mah Sing Holdings Bhd’s RM71mil first phase of the Legenda@Southbay.

The RM165mil Light Collection I, scheduled for launch in the second quarter on a 7-acre site next to the Penang Bridge, comprises 152 condominiums and 24 water villas, priced at RM650 per sq ft and RM800 per sq ft respectively.

The built-up areas for the condominiums range from 1,375 to 1,580 sq ft while the water villas have a built-up area of 3,169 sq ft.

The RM257mil Light Collection II, scheduled for launching on a 8.58-acre site in the second half of 2010, comprises 297 condominiums with built-up areas ranging from 516 to 3,528 sq ft, priced at about RM700 per sq ft onwards.

IJM Land managing director Datuk Soam Heng Choon said residential properties in the mid to high-end categories had proven to be good hedging instruments and would serve as the main growth driver for the property sector this year.

He said IJM Land also planned to launch in May its RM123mil Maritime Square, which comprises 244 serviced suites and 67 shop and office units.

SP Setia Property (North) general manager S. Rajoo said the RM150mil Reflections condominium scheme and the 54 semi-detached homes for the Setia Pearl Island project in Sungai Ara would be launched in the first and second quarter respectively.

An artist’s impression of water villas at The Light Collection project by IJM Land.

“The Reflections comprises 317 condominiums with built-up areas of 1,077 to 1,512 sq ft and priced from RM378,800 onwards.

“The Brooks Residences project, located in the prime residential vicinity of Jesselton Road, is expected to be launched in the final quarter of 2010,” he said.

Rajoo said the group planned to introduce an innovative financing package for its new projects in Penang soon.

“The special financing package is for the new launch of semi-detached homes in the Setia Pearl Island scheme and a new project, Setia Ara, on a 28-acre site in Sungai Ara,” he said.

Mah Sing deputy chief operating officer Teh Heng Chong said the first phase of the RM284mil Legenda@Southbay project would offer 19 bungalows with an estimated gross sales value of RM71mil.

Comprising a total 76 bungalows, the Legenda@Southbay is a gated and guarded project that comes with a clubhouse and is equipped with features such as personal pool, smart-home features, solar hot water system and rain water-harvesting system.

“We also plan to launch the first phase of the RM911mil Southbay City commercial project in Batu Maung this year.

“The Southbay City is an integrated commercial hub comprising serviced residences, commercial lots, lifestyle mall, and four and five-star hotels,” Teh said.

Eastern & Oriental Bhd executive director Eric Chan Kok Leong said the company’s property arm E&O Property would launch the first phase of the RM1.8bil Quayside luxurious condominium scheme for its sea-fronting Seri Tanjung Pinang project in Tanjung Tokong early next month.

“The first phase is a 26-storey block, comprising 298 units,” he said.

Quayside, resembling sea-fronting home projects in Sentosa, and Sovereign Island in Gold Coast, comprises seven high and low-rise blocks surrounded by 4.5 acres of water park.

The Quayside is located within the first phase of the 908-acre Seri Tanjung Pinang housing project.

rizalhakim · February 22nd, 2010, 02:46 AM

kenapa ko x post under Penang???

ZaHiRnYa??? · February 22nd, 2010, 03:41 AM

Taken from Utusan Malaysia : Feb 22, 2010.

Arina: Projek Uniti Tower dijangka laris

KUALA LUMPUR 21 Feb. - Pemaju hartanah bumiputera, Arina Development (M) Sdn. Bhd. (Arina) yakin mampu menjual kesemua ruang pejabatnya bernilai RM40 juta di Uniti Tower tahun ini meskipun ekonomi negara masih dalam proses pemulihan.

Uniti Tower yang dibina dengan harga RM26 juta, merupakan bangunan menara berkonsepkan moden kontemporari mengandungi 130 buah suite pejabat dalam bangunan setinggi 21 tingkat.

Menara itu terletak di Jalan Raja Muda Abdul Aziz, Kampung Baru di sini, berada di kawasan strategik segi tiga emas ibu kota.

Pengarah Projek Arina, Mohd. Nasir Che Fa berkata, pihaknya yakin mampu menjual kesemua ruang kerana harga yang ditawar adalah berpatutan dan mampu milik berbanding pemaju-pemaju lain.

Katanya, setakat ini, pihaknya sudah menjual kepada 57 pembeli individu bumiputera sejak jualan dibuka Disember tahun lalu.

''Para pembeli kami merupakan golongan profesional terdiri daripada kalangan yang terlibat dalam industri minyak dan gas, doktor perubatan, arkitek, jurutera, guaman dan pelbagai lagi.

''Para pembelinya adalah kerana ia adalah syarat dan hak pembangunan yang digariskan kerajaan untuk pembangunan Kampung Baru di sini,'' katanya kepada Utusan Malaysia di sini.

Turut hadir Pengarah Arina, Nazman Che Fa dan Pengurus Projek Arina, Anusi Abu.

Ruang pejabat termurah yang ditawarkan oleh Arina adalah sebanyak RM145,477.90 untuk keluasan 31.12 meter persegi (355 kaki persegi) manakala yang termahal pada harga RM443,411.56 pada keluasan 72.2 meter persegi (778 kaki persegi).

Uniti Tower yang didirikan di atas tapak berkeluasan 1,566.1 meter persegi (16,858 kaki persegi) turut menawarkan kemudahan kamera litar tertutup 24 jam, kad akses pejabat, tempat meletak kereta enam tingkat, kafe dengan kemudahan Wi-Fi, mini teater dan bilik mesyuarat lembaga.

Mengulas tentang tempoh masa projek itu akan dilaksanakan, Mohd. Nasir berkata, pihaknya akan menjalankan kerja-kerja fizikal seperti merobohkan bangunan di tapak pembinaan bangunan itu seawal Mei depan.

Pihaknya menjangkakan projek tersebut siap dalam tempoh dua hingga tiga tahun akan datang.

''Kami merupakan syarikat pemaju yang boleh dipercayai kerana hanya melantik kontraktor yang kukuh di dalam industri pembinaan dan mempunyai bantuan pembiayaan daripada institusi perbankan yang mencukupi,'' ujarnya.

Ditanya mengenai matlamat membangunkan menara tersebut, Mohd. Nasir berkata, ia seiring dengan memajukan Kampung Baru seperti yang disarankan Perdana Menteri, Datuk Seri Najib Tun Razak baru-baru ini.

Katanya, Arina mahu bergerak seiring dengan kerajaan untuk membangunkan Kampung Baru.

''Pembangunan yang dijalankan Arina di sini akan memberi limpahan kemajuan kepada penduduk sekitar,'' ujarnya.

Mohd. Nasir turut menggesa para usahawan bumiputera supaya segera membeli ruang pejabat yang ditawarkan pihaknya kerana sekarang merupakan waktu yang sesuai.

''Proses pemulihan ekonomi adalah waktu yang sesuai untuk para usahawan membeli dan miliki aset bagi tujuan pelaburan jangka panjang,'' jelas beliau.

patchay · February 22nd, 2010, 04:43 AM

So my listing left out 3 big projects?

- Datum Jelatek by Worldwide Holdings and PKNS
- "Mini KLSentral" by MRCB joint venture with EPF on Jalan Cheras
- YTL future world headquarters and YTL residences
- YTL's land intersection Jalan Binjai and Jalan Conlay?

rizalhakim · February 22nd, 2010, 05:11 AM

check dis out....mmg funny!!!
projek sama but 2 difnt location

Icon Png & Icon MK
dah takde idea lainke Mahsing ni???

http://icon-residence.com.my

rizalhakim · February 22nd, 2010, 06:33 AM

New project from See Hoy Chan & Naza

Happy Garden Condominium, Kuala Lumpur, consisting of two blocks of 24-storey condominium & 3-storey carpark podium.
Client: Utama Lodge Sdn Bhd (See Hoy Chan Group)
Project Cost: RM150 Million
Services: Civil & Structural Engineering Consultancy

TTDI Soho & Condominium, Equine Park, consisting of two blocks of 23-storey Soho & Condominium, 5-storey of recreation facilities and carpark podium.
Client: Naza Harta Sdn Bhd
Project Cost: RM100 Million
Services: Civil & Structural Engineering Consultancy

patchay · February 22nd, 2010, 06:39 AM

wah ader project baru..... keep it coming..........

btw boleh find out aper Naza plan untuk site tepi Glomac Damansara tu? (site opposite Pizza Hut TTDI is now hoarded with Naza logo)

patchay · February 22nd, 2010, 07:49 AM

with so much information loaded here whether de building is high or low, i hope our forum is not becoming another real estate properties forum...

dengilo · February 22nd, 2010, 03:32 PM

If we not careful thats where its heading!!Which i dont think its goodlah.

patchay · February 27th, 2010, 04:03 AM

the listing has been posted on my blog:
http://www.patchay.com/2010/02/patch...h-q1-2010.html

so in future there's where we can reference....

rizalhakim · February 27th, 2010, 06:45 PM

villawangsamas got shopping mall meh????
so another shopping mall in wangsmaju/setapak??
dem how many? 1 already compltd n 3 currently under construction...

ZaHiRnYa??? · February 28th, 2010, 01:19 AM

yes.

Quote:

Originally Posted by rizalhakim

villawangsamas got shopping mall meh????
so another shopping mall in wangsmaju/setapak??
dem how many? 1 already compltd n 3 currently under construction...

dengilo · February 28th, 2010, 04:45 AM

All the people that live there need a place to go to for air cond ma!Or they all print money so that they all can go shopping all the time.

rizalhakim · March 1st, 2010, 03:57 AM

Voted ur fav Top 25 Highrise Skylines
KL currently rankd no.8

http://www.skyscrapercity.com/showthread.php?t=798192

rizalhakim · March 1st, 2010, 06:48 AM

Quote:

Originally Posted by Greg

a7x · March 1st, 2010, 09:40 AM

there's land clearing going out at a site at about 200 ahead of the national musuem...and nt sure about this but construction barriers are up at the carpark beside CIMB building at jln TAR...nt sure it was for CIMB ...or a completely diff project.

guy4versa4 · March 1st, 2010, 03:22 PM

Quote:

Originally Posted by rizalhakim

Voted ur fav Top 25 Highrise Skylines
KL currently rankd no.8

http://www.skyscrapercity.com/showthread.php?t=798192

ranking now
1=manhattan
2=hongkong
3=chicago
4=kuala lumpur
5=shanghai
6=toronto
7=phillipine
8=dubai
9=tokyo
10=bangkok

SHAH FIRDAUS · March 2nd, 2010, 12:45 AM

UM Land hopes to roll out two new projects with GDV of over RM600 mil
By Racheal Lee of theedegeproperty.com
Monday, 01 March 2010 20:45

KUALA LUMPUR: United Malayan Land Bhd (UM Land) hopes to roll out two new projects with a total gross development value (GDV) exceeding RM600 million (in Kuala Lumpur and Iskandar Malaysia, Johor) this year.

In a statement on March 1, its group chief executive Pee Tong Lim said the developer would remain focused on its two-pronged growth strategy through its township division and niche development division.

UM Land intends to launch a 310-unit serviced residences project in Bukit Ceylon, Kuala Lumpur, in 2H2010. Another project to be launched during this period is a joint-venture boutique apartment development at Puteri Harbour, Nusajaya with UEM Land Holdings Bhd, Pee added.

For its financial year ended Dec 31, 2009 (FY2009), UM Land has gone into the black with RM54.8 million net profit, on the back of RM208.5 million revenue.

It declared a final gross dividend of 5 sen per share, subjected to shareholders’ approval. This final dividend, together with two interim dividend payments of 2.5 sen per share each, will bring the total gross dividend in FY2009 to 10 sen per share.

“The strong performance was attributed to increased profit contributions from its niche project, Suasana Bangsar, coupled with several strategic land sales in Bandar Seri Alam, Iskandar Malaysia. We registered encouraging sales of up to 90% of the condominium units at Suasana Bangsar,” Pee said.

UM Land disposed of land parcels to the Masterskill Education Group and Universiti Teknologi MARA (UiTM) last year, in line with its Bandar Seri Alam Township’s vision of establishing itself as the Education Hub in the Eastern Corridor of Iskandar Malaysia.

Suasana Bangsar is an exclusive and luxurious condominium project in Bangsar comprising 190 units of condominiums, which offers a choice of 2-, 3- and 4-bedroom suites with sizes ranging from 1,112 to 4,800 sq ft. The freehold property has an estimated GDV of RM198 million. The project is expected to be handed over to purchasers in 2H2010.

February 22nd, 2010, 03:41 AM	#2065
ZaHiRnYa??? you are you and i am me.. Join Date: Jul 2003 Location: Kuala Lumpur Posts: 5,816 Likes (Received): 1	Taken from Utusan Malaysia : Feb 22, 2010. Arina: Projek Uniti Tower dijangka laris KUALA LUMPUR 21 Feb. - Pemaju hartanah bumiputera, Arina Development (M) Sdn. Bhd. (Arina) yakin mampu menjual kesemua ruang pejabatnya bernilai RM40 juta di Uniti Tower tahun ini meskipun ekonomi negara masih dalam proses pemulihan. Uniti Tower yang dibina dengan harga RM26 juta, merupakan bangunan menara berkonsepkan moden kontemporari mengandungi 130 buah suite pejabat dalam bangunan setinggi 21 tingkat. Menara itu terletak di Jalan Raja Muda Abdul Aziz, Kampung Baru di sini, berada di kawasan strategik segi tiga emas ibu kota. Pengarah Projek Arina, Mohd. Nasir Che Fa berkata, pihaknya yakin mampu menjual kesemua ruang kerana harga yang ditawar adalah berpatutan dan mampu milik berbanding pemaju-pemaju lain. Katanya, setakat ini, pihaknya sudah menjual kepada 57 pembeli individu bumiputera sejak jualan dibuka Disember tahun lalu. ''Para pembeli kami merupakan golongan profesional terdiri daripada kalangan yang terlibat dalam industri minyak dan gas, doktor perubatan, arkitek, jurutera, guaman dan pelbagai lagi. ''Para pembelinya adalah kerana ia adalah syarat dan hak pembangunan yang digariskan kerajaan untuk pembangunan Kampung Baru di sini,'' katanya kepada Utusan Malaysia di sini. Turut hadir Pengarah Arina, Nazman Che Fa dan Pengurus Projek Arina, Anusi Abu. Ruang pejabat termurah yang ditawarkan oleh Arina adalah sebanyak RM145,477.90 untuk keluasan 31.12 meter persegi (355 kaki persegi) manakala yang termahal pada harga RM443,411.56 pada keluasan 72.2 meter persegi (778 kaki persegi). Uniti Tower yang didirikan di atas tapak berkeluasan 1,566.1 meter persegi (16,858 kaki persegi) turut menawarkan kemudahan kamera litar tertutup 24 jam, kad akses pejabat, tempat meletak kereta enam tingkat, kafe dengan kemudahan Wi-Fi, mini teater dan bilik mesyuarat lembaga. Mengulas tentang tempoh masa projek itu akan dilaksanakan, Mohd. Nasir berkata, pihaknya akan menjalankan kerja-kerja fizikal seperti merobohkan bangunan di tapak pembinaan bangunan itu seawal Mei depan. Pihaknya menjangkakan projek tersebut siap dalam tempoh dua hingga tiga tahun akan datang. ''Kami merupakan syarikat pemaju yang boleh dipercayai kerana hanya melantik kontraktor yang kukuh di dalam industri pembinaan dan mempunyai bantuan pembiayaan daripada institusi perbankan yang mencukupi,'' ujarnya. Ditanya mengenai matlamat membangunkan menara tersebut, Mohd. Nasir berkata, ia seiring dengan memajukan Kampung Baru seperti yang disarankan Perdana Menteri, Datuk Seri Najib Tun Razak baru-baru ini. Katanya, Arina mahu bergerak seiring dengan kerajaan untuk membangunkan Kampung Baru. ''Pembangunan yang dijalankan Arina di sini akan memberi limpahan kemajuan kepada penduduk sekitar,'' ujarnya. Mohd. Nasir turut menggesa para usahawan bumiputera supaya segera membeli ruang pejabat yang ditawarkan pihaknya kerana sekarang merupakan waktu yang sesuai. ''Proses pemulihan ekonomi adalah waktu yang sesuai untuk para usahawan membeli dan miliki aset bagi tujuan pelaburan jangka panjang,'' jelas beliau. __________________ me, me, me and more me.. he..he...

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February 22nd, 2010, 01:03 AM	#2063
SHAH FIRDAUS Taller Is Better Join Date: Dec 2009 Location: Kota Anggerik Posts: 1,560 Likes (Received): 1	Developers to launch RM1b projects in Penang By DAVID TAN davidtan@thestar.com.my GEORGE TOWN: Four major Kuala Lumpur-based developers plan to launch some RM1.16bil worth of luxurious residential properties in Penang this year, in view of a recovering domestic economy and continuing demand for high-end homes. The properties are IJM Land Bhd’s RM422mil The Light Collection I & II, SP Setia Bhd’s RM60mil Brooks Residences, RM230mil Reflections condominium and semi-detached schemes for its Setia Pearl Island project, E&O Property Development Bhd’s RM380mil first phase of the Quayside project, and Mah Sing Holdings Bhd’s RM71mil first phase of the Legenda@Southbay. The RM165mil Light Collection I, scheduled for launch in the second quarter on a 7-acre site next to the Penang Bridge, comprises 152 condominiums and 24 water villas, priced at RM650 per sq ft and RM800 per sq ft respectively. The built-up areas for the condominiums range from 1,375 to 1,580 sq ft while the water villas have a built-up area of 3,169 sq ft. The RM257mil Light Collection II, scheduled for launching on a 8.58-acre site in the second half of 2010, comprises 297 condominiums with built-up areas ranging from 516 to 3,528 sq ft, priced at about RM700 per sq ft onwards. IJM Land managing director Datuk Soam Heng Choon said residential properties in the mid to high-end categories had proven to be good hedging instruments and would serve as the main growth driver for the property sector this year. He said IJM Land also planned to launch in May its RM123mil Maritime Square, which comprises 244 serviced suites and 67 shop and office units. SP Setia Property (North) general manager S. Rajoo said the RM150mil Reflections condominium scheme and the 54 semi-detached homes for the Setia Pearl Island project in Sungai Ara would be launched in the first and second quarter respectively. An artist’s impression of water villas at The Light Collection project by IJM Land. “The Reflections comprises 317 condominiums with built-up areas of 1,077 to 1,512 sq ft and priced from RM378,800 onwards. “The Brooks Residences project, located in the prime residential vicinity of Jesselton Road, is expected to be launched in the final quarter of 2010,” he said. Rajoo said the group planned to introduce an innovative financing package for its new projects in Penang soon. “The special financing package is for the new launch of semi-detached homes in the Setia Pearl Island scheme and a new project, Setia Ara, on a 28-acre site in Sungai Ara,” he said. Mah Sing deputy chief operating officer Teh Heng Chong said the first phase of the RM284mil Legenda@Southbay project would offer 19 bungalows with an estimated gross sales value of RM71mil. Comprising a total 76 bungalows, the Legenda@Southbay is a gated and guarded project that comes with a clubhouse and is equipped with features such as personal pool, smart-home features, solar hot water system and rain water-harvesting system. “We also plan to launch the first phase of the RM911mil Southbay City commercial project in Batu Maung this year. “The Southbay City is an integrated commercial hub comprising serviced residences, commercial lots, lifestyle mall, and four and five-star hotels,” Teh said. Eastern & Oriental Bhd executive director Eric Chan Kok Leong said the company’s property arm E&O Property would launch the first phase of the RM1.8bil Quayside luxurious condominium scheme for its sea-fronting Seri Tanjung Pinang project in Tanjung Tokong early next month. “The first phase is a 26-storey block, comprising 298 units,” he said. Quayside, resembling sea-fronting home projects in Sentosa, and Sovereign Island in Gold Coast, comprises seven high and low-rise blocks surrounded by 4.5 acres of water park. The Quayside is located within the first phase of the 908-acre Seri Tanjung Pinang housing project.

February 22nd, 2010, 02:46 AM	#2064
rizalhakim PROUD 2 B MALAYSIAN Join Date: Nov 2007 Location: KL Posts: 32,392 Likes (Received): 176	kenapa ko x post under Penang???

February 22nd, 2010, 05:11 AM	#2067
rizalhakim PROUD 2 B MALAYSIAN Join Date: Nov 2007 Location: KL Posts: 32,392 Likes (Received): 176	check dis out....mmg funny!!! projek sama but 2 difnt location Icon Png & Icon MK dah takde idea lainke Mahsing ni??? http://icon-residence.com.my

February 22nd, 2010, 06:33 AM	#2068
rizalhakim PROUD 2 B MALAYSIAN Join Date: Nov 2007 Location: KL Posts: 32,392 Likes (Received): 176	New project from See Hoy Chan & Naza Happy Garden Condominium, Kuala Lumpur, consisting of two blocks of 24-storey condominium & 3-storey carpark podium. Client: Utama Lodge Sdn Bhd (See Hoy Chan Group) Project Cost: RM150 Million Services: Civil & Structural Engineering Consultancy TTDI Soho & Condominium, Equine Park, consisting of two blocks of 23-storey Soho & Condominium, 5-storey of recreation facilities and carpark podium. Client: Naza Harta Sdn Bhd Project Cost: RM100 Million Services: Civil & Structural Engineering Consultancy

February 22nd, 2010, 03:32 PM	#2071
dengilo Registered User Join Date: Oct 2005 Posts: 5,919 Likes (Received): 144	If we not careful thats where its heading!!Which i dont think its goodlah.

February 27th, 2010, 06:45 PM	#2073
rizalhakim PROUD 2 B MALAYSIAN Join Date: Nov 2007 Location: KL Posts: 32,392 Likes (Received): 176	villawangsamas got shopping mall meh???? so another shopping mall in wangsmaju/setapak?? dem how many? 1 already compltd n 3 currently under construction...

February 28th, 2010, 04:45 AM	#2075
dengilo Registered User Join Date: Oct 2005 Posts: 5,919 Likes (Received): 144	All the people that live there need a place to go to for air cond ma!Or they all print money so that they all can go shopping all the time.

March 1st, 2010, 03:57 AM	#2076
rizalhakim PROUD 2 B MALAYSIAN Join Date: Nov 2007 Location: KL Posts: 32,392 Likes (Received): 176	Voted ur fav Top 25 Highrise Skylines KL currently rankd no.8 http://www.skyscrapercity.com/showthread.php?t=798192

March 1st, 2010, 09:40 AM	#2078
a7x Registered User Join Date: Dec 2008 Location: kuala lumpur Posts: 76 Likes (Received): 0	there's land clearing going out at a site at about 200 ahead of the national musuem...and nt sure about this but construction barriers are up at the carpark beside CIMB building at jln TAR...nt sure it was for CIMB ...or a completely diff project.

March 2nd, 2010, 12:45 AM	#2080
SHAH FIRDAUS Taller Is Better Join Date: Dec 2009 Location: Kota Anggerik Posts: 1,560 Likes (Received): 1	UM Land hopes to roll out two new projects with GDV of over RM600 mil By Racheal Lee of theedegeproperty.com Monday, 01 March 2010 20:45 KUALA LUMPUR: United Malayan Land Bhd (UM Land) hopes to roll out two new projects with a total gross development value (GDV) exceeding RM600 million (in Kuala Lumpur and Iskandar Malaysia, Johor) this year. In a statement on March 1, its group chief executive Pee Tong Lim said the developer would remain focused on its two-pronged growth strategy through its township division and niche development division. UM Land intends to launch a *310-unit serviced residences project in Bukit Ceylon, Kuala Lumpur, in 2H2010.* Another project to be launched during this period is a joint-venture boutique apartment development at Puteri Harbour, Nusajaya with UEM Land Holdings Bhd, Pee added. For its financial year ended Dec 31, 2009 (FY2009), UM Land has gone into the black with RM54.8 million net profit, on the back of RM208.5 million revenue. It declared a final gross dividend of 5 sen per share, subjected to shareholders’ approval. This final dividend, together with two interim dividend payments of 2.5 sen per share each, will bring the total gross dividend in FY2009 to 10 sen per share. “The strong performance was attributed to increased profit contributions from its niche project, Suasana Bangsar, coupled with several strategic land sales in Bandar Seri Alam, Iskandar Malaysia. We registered encouraging sales of up to 90% of the condominium units at Suasana Bangsar,” Pee said. UM Land disposed of land parcels to the Masterskill Education Group and Universiti Teknologi MARA (UiTM) last year, in line with its Bandar Seri Alam Township’s vision of establishing itself as the Education Hub in the Eastern Corridor of Iskandar Malaysia. Suasana Bangsar is an exclusive and luxurious condominium project in Bangsar comprising 190 units of condominiums, which offers a choice of 2-, 3- and 4-bedroom suites with sizes ranging from 1,112 to 4,800 sq ft. The freehold property has an estimated GDV of RM198 million. The project is expected to be handed over to purchasers in 2H2010.