|Double-storey terrace houses
|Marketing and Sales by
|VAG Real Estate SDN BHD
|gelang patah and lima kedai
|180 acres (initial phase)
|20' x 60' and 20' x 70'
|Gated community with security guards
|RM668,000 to RM718,000
|Total Units (Initial Phase)
|175 units (Phase 1), 160 units (Phase 2)
|Sales Revenue (As of August)
|Exceeded RM1.2 billion
|Nusa Sentral, Horizon Hill, Danga Utama
|KSL Sales Gallery @ Nusa Sentral
|Daily from 10 am to 6:30 pm
|Proximity to Malaysia-Singapore Second Link checkpoint, less than 10 minutes' drive
KSL acquires 53.89 acres from Tropicana GP for residential project
Monday, 12 Sep 2022
Gated and guarded
KUALA LUMPUR: KSL Holdings Bhd's wholly-owned subsidiary KSL Medini Development Sdn Bhd is acquiring 10 tracts of freehold land measuring a total of 53.89 acres in Mukim Jeram Batu in Pontian, Johor, for RM102.94mil.
In a filing with Bursa Malaysia, the property group said the land will be acquired from Tropicana GP Views Sdn Bhd, a wholly-owned subsidiary of Tropicana Corp Bhd.
It said in its rationale the lands are planned for a residential development project and will further enhance the group' presence in the property market in Johor.
"This said project is expected to entail approximately 628 units of residential properties.
"The development project is expected to commence in year 2024 and is envisaged to spread over a period of 8 to 10 years," it said.
Based on the board’s estimate, the total gross development value of the project will range from RM345mil to RM395mil while its gross development cost is expected to be about RM188mil.
Accordingly, KSL estimates a gross development profit of between RM157mil to RM207mil to be derived for the group over the duration of the said development.
This post has been edited by plouffle0789: Feb 12 2024, 05:57 PM