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Seven days left to view report on expressway

PETALING JAYA: The public has seven days left to review the detailed Environmental Impact Assessment (DEIA) report on the proposed 35.5km East Klang Valley Expressway (EKVE).

EKVE, which is the eastern and final uncompleted route of the Kuala Lumpur Outer Ring Road, would link the Kajang Silk Ex­­pressway and the Karak Ex­­pressway.

The EKVE would provide a by-pass route and enable motorists from the southern part of the Klang Valley such as from Cheras, Bangi and Subang to travel to Selayang and Gombak and vice versa without having to go through the city centre.

It would also serve as a bypass route around Kuala Lumpur for inter-regional traffic from the Karak Highway, according to the executive summary of the DEIA.

There would be six interchanges – Sungai Long, Bukit Mah­kota Cheras, Hulu Langat, Am­-pang, Ukay Perdana and IIUM (Inter­national Islamic University Malaysia).

The report said 214.7ha of forest reserves would be affected along the corridor of the project, namely the Hulu Gombak, Ampang and Hulu Langat Forest Reserve.

The report noted that wildlife movement and roaming habitat could be affected and outlined measures to minimise the impact.

The report, prepared by EKVE Sdn Bhd’s consultant, can be viewed at the National Library, the Department of Envi­ronment’s (DOE) office in Putrajaya, state offices and the Ampang Jaya, Kajang and Selayang municipal councils.

Source: TheStar

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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

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