Aug 11 2015, 12:03 AM, updated 9y ago
Coming soon.
QUOTE
Hua Yang Bhd's wholly-owned unit Prop Park Sdn Bhd has acquired a 3.73-acre piece of prime land in Seri Kembangan, Selangor for RM56.91 million.
In a statement yesterday, Hua Yang said the land will be used for the development of residential apartments and retail shops, with an estimated gross development value (GDV) of RM285 million.
Its CEO Ho Wen Yan said the proposed acquisition is in line with its group's objective to expand its existing landbank of 723 acres that is worth RM3.9 billion in GDV.
"This exercise will also help to sustain our core business as a property developer and enhance our future revenue and earnings," he said.
The group continues to actively look for quality land in the Klang Valley, Perak and Johor Baru.
Ho said the group has plans to explore lands in the secondary or upcoming new locations and its healthy balance sheet provides it the financial flexibility and means in profitable landbank acquisitions.
Hua Yang had recently completed the purchase of a 29.2-acre piece of land in Puchong for RM158 million and the land has been earmarked for a mixed development property project worth RM1.52 billion GDV. It targets to launch the first phase of the project in the last quarter of 2014.
This post has been edited by accetera: Sep 6 2016, 11:33 AMIn a statement yesterday, Hua Yang said the land will be used for the development of residential apartments and retail shops, with an estimated gross development value (GDV) of RM285 million.
Its CEO Ho Wen Yan said the proposed acquisition is in line with its group's objective to expand its existing landbank of 723 acres that is worth RM3.9 billion in GDV.
"This exercise will also help to sustain our core business as a property developer and enhance our future revenue and earnings," he said.
The group continues to actively look for quality land in the Klang Valley, Perak and Johor Baru.
Ho said the group has plans to explore lands in the secondary or upcoming new locations and its healthy balance sheet provides it the financial flexibility and means in profitable landbank acquisitions.
Hua Yang had recently completed the purchase of a 29.2-acre piece of land in Puchong for RM158 million and the land has been earmarked for a mixed development property project worth RM1.52 billion GDV. It targets to launch the first phase of the project in the last quarter of 2014.
Quote
0.1884sec
1.20
6 queries
GZIP Disabled