Tag Archives: klang

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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Highway to link Kinrara, Serdang and Putrajaya

A highway linking Kinrara, Serdang and Putrajaya with seven interchanges, is in the pipeline.

The 17km Serdang-Kinrara-Putrajaya Expressway (Skip) will have three main toll plazas and two on the ramps.

The highway, which starts near the Giant Hypermarket in BK 5a in Puchong, will pass by the Ayer Hitam Forest Reserve and head towards Taman Lestari Perdana. From this point, the highway will be split into two directions.

The first will go through Taman Putra Permai and eventually connect the South Klang Valley Expressway.

The second will connect Taman Universiti Indah and Sri Sedang and then link to the Besraya Highway.

Its concessionaire and the Malaysian Highway Authority briefed the Subang Jaya Municipal Council (MPSJ) last week.

MPSJ councillor Ng Sze Han said the council welcomed the project that would reduce traffic jam in Jalan Besar, Serdang, and part of Damansara-Puchong Highway (LDP) in front of the IOI Mall in Puchong.

“Motorists from the Sunway toll plaza on the LDP can get into Skip near the Giant Hypermarket in Puchong, to head towards Putrajaya and Cyberjaya.

“According to the traffic impact assessment, the highway will ease the congestion on the LDP in front of IOI Mall,” he said.

Also in the pipeline is the Kinrara Damansara Expressway, linking Kinrara and Pusat Bandar Damansara, which will further reduce congestion on the LDP.

He added that the Skip concessionaire presented three alignment options and the council would most likely choose the one which would least affect private properties, schools and religious sites.

“We have also voiced our concern regarding the stretch of Skip near the Ayer Hitam Forest Reserve.

“We requested them to minimise the impact on the ecology by going along the forest border,” he said.

Details on the concession period and toll fare are not available yet.

“The construction of the highway will start at the end of next year and is expected to be completed in 2016,” Ng said.

Source: StarProperty

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AZRB reaches financial close on RM1.5b KLORR – The Edge Malaysia

The Edge Malaysia AZRB reaches financial close on RM1.5b KLORR The Edge Malaysia AZRB was given the letter of intent to undertake the project back in 2008, building the 40km stretch from Sungai Long to University Islam Antarabangsa in Gombak, linking up with the South Klang Valley Expressway and Kuala Lumpur-Kuala Selangor … and more »

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AZRB reaches financial close on RM1.5b KLORR – The Edge Malaysia

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Dijaya to launch two townships in Selangor this year

Dijaya Corporation Bhd, the master developer of the Tropicana Golf and Country Resort development in Petaling Jaya, is looking to launch two new freehold townships in the southern part of Klang Valley this year — one in Cheras and another in Balakong.

Targeted at the middle to upper income group, these two projects will have a combined gross development value (GDV) of more than RM500 million, says its managing director Datuk Tong Kien Ong.The developer has in recent years focused on its developments in Petaling Jaya. Its flagship Tropicana Golf and Country Resort is almost fully completed, with only about 20 acres of the 625-acre site left undeveloped.

The award-winning mixed resort residential development comprises 497 bungalows and over 3,800 residential units, a business park and smart schools, together with a 27-hole golf course and a 380,000-sq-ft clubhouse. The sales value stands at US$374 million (RM1.14 billion).

Dijaya made its foray into the southern region of Peninsular Malaysia last August when it formed a joint venture (JV) with Global Corporate Development Sdn Bhd to acquire two parcels of prime land totalling 37 acres in Danga Bay in Iskandar Malaysia, Johor, for RM308 million. The JV is to develop properties expected to generate a GDV of about RM3.8 billion. The master plan is still on the drawing board, says Tong.

Tropicana Sg Long
Back in the Klang Valley, a township project in Taman Rakan in Cheras is scheduled for launch next quarter. Known as Tropicana Sg Long, the first launch will feature semi-detached homes and zero-lot bungalows. The project is currently pending building plan approval.

Located adjacent to Bandar Sungai Long, the guarded project will comprise three-generational homes including 3-storey semidees, 3-storey zero-lots, 3-storey superlink homes and apartments on a 26.8-acre site. It will be developed over two phases in four years.

Dijaya had entered into two sale and purchase agreements with several individuals to acquire the previously freehold agricultural land in February 2008 for RM18.67 million. The land has been converted for residential purposes.

“The semidees, zero-lots, bungalows and superlink homes are middle-upper-end developments. We do have an apartment component of 180 units but that will be in the later phases. The whole project will have a GDV of RM180 million to RM200 million,” Tong tells City & Country.

When completed, the project is expected to have seven bungalows with built-ups of between 5,000 and 6,000 sq ft; 66 semidees (land area 3,200 sq ft; built-up 3,500 sq ft); 22 zero-lot homes (land area 3,600 sq ft; built-up 4,100 sq ft) and 85 terraced houses (land area: 1,650 sq ft and 1,920 sq ft).

Tong says the bungalows are indicatively priced at RM360 to RM370 psf, semidees and zero-lots from RM320 to RM330 psf, and terraced homes from RM280 to RM290 psf.

The project is accessible via various highways like the SILK Highway, North-South Expressway, Sungai Besi Highway, KL-Seremban Highway, SKVE, East-West Link Expressway and Middle Ring Road 2.

The landscaping will be exceptional to add value and make the project stand out,  he says. Landscape consultants and architects have been roped in for the master plan.

“Besides quality, we intend to focus on the landscaping and ambience in all our developments. The selling point is greenery and nature, unlike those days when you just built houses. Purchasers are more demanding nowadays and we have to create more than just a house,” Tong explains.

“We now focus on landscaping in all our projects. We will get mature trees and plants with trunks of about 4cm to 6cm, and not scrawny trees, so that buyers can have lush surroundings in one to two years. After all, we are selling the property now and not 10 years down the road, so the effect has to be seen now,” he adds.

Dijaya has come up with themes for the landscaping in Tropicana Sg Long, which will feature a man-made lake. There will be a rendezvous corner, a recreation park, two linear gardens and a cosy park.

Tropicana Bayou
Less than a 10-minute drive from Tropicana Sg Long and diagonally opposite Jade Hills by Gamuda Bhd is Dijaya’s other mixed residential project in Balakong, tentatively named Tropicana Bayou. The first phase of this mixed development is slated for launch by the second half of this year. The 66-acre freehold site was acquired at end-2007 for RM47.46 million.

The first phase, covering 12 acres, will consist of 90 units of 3-storey residential units. The whole project will be developed in three to four phases over seven to eight years. Some 4.1 acres have been allocated for a linear park, a linear garden and a central park.

Dijaya plans to combine the concepts of Bukit Gita Bayu in Balakong and Desa ParkCity in Kuala Lumpur in this RM325 million project, with the emphasis on landscaping and security features in a gated and guarded community.

“We are going to keep some existing trees, maintain them and put in nice landscaping. We want to create our own niche here and it is going to be a middle to middle-upper cost development. We are about to finalise the product mix,” Tong says.

Bukit Gita Bayu, also known as Windsong Heights, is an award-winning gated residential community development in Seri Kembangan. Sited on a 118-acre tract, this development comprises a residential mix of bungalows and low-rise apartments, as well as a clubhouse. It is landscaped with lush greenery and won the Selangor District’s Best Landscaping (Hotel/ Resort/ Tourism Complex Category) 2003 awarded by the Housing and Local Government Ministry.

Desa ParkCity is another award-winning township. This 473-acre freehold high-end master-planned township development is the first landed strata development in the country.

Dijaya Corp has lined up four other launches this year worth a total gross development cost of RM747 million, including Link Villas and Golf Villas in Tropicana Indah, Selangor (16 units of 3-storey linked home and 12 units of 3-storey semidees), Tropicana @ Danga Bay (800 condominium units in two blocks) on the site acquired last year and Tropicana Avenue in Tropicana Golf and Country Resort in Petaling Jaya (446 units of commercial property in three blocks).

This article appeared in City & Country, the property pullout of The Edge Malaysia, Issue 844, Feb 7-13, 2011

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