Tag Archives: casa lumayan 2012

50% discount toll on Cheras-Kajang Highway

KAJANG: Prime Minister Datuk Seri Najib Razak today announced the abolition of the RM1 toll at the Batu 9 Toll Plaza heading to Kuala Lumpur and the 90 sen toll at the Batu 11 Toll Plaza heading to Kajang on the Cheras-Kajang (Grand Saga) Highway effective midnight tonight.

Najib said the decision by the government would help reduce the burden of frequent users of the highway by 50 per cent, a reduction in toll charges from RM3.80 to RM1.90 for a return trip.

“This has been championed for by the Barisan Nasional (BN) government since 2009 and today the government has made it a reality,” he said after performing the groundbreaking ceremony for the Sekolah Rendah Jenis Kebangsaan (SRJK) Cina Bandar Sungai Long project here.

At the function, the prime minister also handed over a cheque for RM4.5 million to assist in defraying the cost of building the school.

The school which will be built on a 2.4 hectare site will have 36 classrooms and be able to accommodate 1,500 pupils.

Source: mmail

Incoming search terms:

SHL to launch RM200m project by year-end

KUALA LUMPUR: SHL Consolidated Bhd plans to launch more residential units in its flagship development at Bandar Sungai Long in Kajang by the end of this year, finance director Jack Wong Tiek Fong told reporters after the company AGM yesterday.

The project, consisting of terraced houses and affordable homes, will span across 35 acres (14ha) in Sungai Long with a gross development value of RM180 million to RM200 million, according to Wong.

There will be 320 terraced houses with sizes ranging from 1,900 sq ft to 2,000 sq ft each, while the affordable homes comprise 130 units of 815 sq ft each in two five-storey blocks.

Wong expects take-up rates to be very good as SHL has received hundreds of registered potential buyers for the units.

SHL has about 550 acres of combined landbank in Cheras, Semenyih, Rawang, Batang Kali and Kuala Pilah, said Wong. The landbank will be used for future residential and industrial developments, he added, citing that it is sufficient to sustain the company for eight to nine years of development.
SHL has also been seeking strategic locations to acquire more land.

“Our first priority is to acquire land around our flagship projects in Bandar Sungai Long, Kajang and Alam Budiman in Shah Alam,” said Wong, adding that the Klang Valley is the priority but the company is also looking at Penang.

He did not disclose the specific locations as they are still under negotiations. However, Wong expects them to be completed within six months.

As at June 30, SHL had a healthy balance sheet with cash reserves of RM187 million against borrowings of RM990,000. With a net cash position of RM186 million, this represents cash per share of 76 sen.

For its FY11 ended March 31, SHL posted a lower revenue of RM190.17 million compared with RM249.55 million in FY10. Net profit increased marginally to RM27.37 million from RM26.48 million a year ago.

Although SHL saw a lower revenue in FY11, Wong said its profitability was maintained due to higher margin products.

In May 2010, Goodstock Land Sdn Bhd (GSL), which is involved in property investment, became a subsidiary of SHL. Wong expects GSL to contribute an annual revenue of RM2.4 million and profit before tax of RM1.8 million.

Shares of SHL last traded at RM1.37. They had hit a 52-week high of RM1.66 and a low of RM1.07.

Source: theedgeproperty.com

Incoming search terms:

Greenview Condo with Renovated @ Sungai Long for SALE « Tim Property

Greenview Residence @ Sungai Long for SALE . – Greenview Residence is a stylishly built condominium surrounded by modern convenience. It is completed with good red clay brick and have much of facilities. …

Read More:
Greenview Condo with Renovated @ Sungai Long for SALE « Tim Property

Incoming search terms: