QUOTE(noiseemunkee @ Dec 29 2017, 07:36 PM)
boss accetera, wanna know whats boustead plan for the land they bought over from ltat also. 😬.
Boustead told the stock exchange today that LTAT had been granted a development order by Kuala Lumpur City Hall (DBKL) on May 16 this year for a mixed development comprising
commercial plots, car park plots, subdivided plots for shop offices and other ancillary structures."The development is expected to commence in the last quarter of 2017. The development is expected to be implemented over a period of three years," said Boustead in a bourse filing.
On the gross development cost, Boustead estimated it to be RM297 million, hence the project should generate RM36 million in gross development profit.
Boustead will fund the development via internally generated funds and/or bank borrowings.
The diversified group said the land acquisition will allow it to expand its land bank and invest in strategic property development projects in Kuala Lumpur.
It said it will develop the lands into a
commercial hub comprising 70 units of shop offices and a retail centre with a dedicated car park area, believing that the surrounding commercial developments, which include the proposed Pavilion Bukit Jalil and Bukit Jalil City condominiums, would act as catalysts for retail activities in the vicinity.
This post has been edited by Bullorbear: Dec 30 2017, 03:40 AM