INTERVIEW: Malaysia MK Land Expects Pft Growth From FY07

- 
   By Carolyn Lim
  Of DOW JONES NEWSWIRES

KUALA LUMPUR (Dow Jones)--Malaysia's MK Land Holdings Bhd. (8893.KU) expects to reverse the past few years of sliding profits starting with the year that ends June 2007, senior executives at the homebuilder said.


That financial year will also mark the start of development of luxury houses at MK Land's flagship Damansara Perdana project, Executive Director Kasi Palaniappan told Dow Jones Newswires recently.

The houses - the first MK Land is building in the capital - are aimed at offsetting slower demand for apartments, which have been the company's main product thus far. MK Land is Malaysia's seventh-biggest homebuilder in terms of market capitalization.

"By doing landed property, we are opening another avenue. If (apartment sales) slow down, we have got another product, another market coming up so we can boost our revenue," Kasi said.


READ FULL ARTICLE CLICK HERE

Comments

Post a Comment

Popular posts from this blog

Orang Asli receive individual land titles

-
For possibly the first time, 147 Orang Asli families were given something the original inhabitants of this land had never been given before: individual land titles. The handing-over ceremony at the Desa Temuan Bukit Lanjan community hall near here was to have marked the end of a 10-year development project by MK Land Berhad to bring the Orang Asli of Bukit Lanjan into the mainstream with an innovative compensation package. It is also the beginning of a new way of empowering the Orang Asli and is set to become the yardstick by which other Orang Asli compensation schemes will be measured. In the past, the Orang Asli as a community could not own land. What ancestral land they had was held in trust for them by the Government. If they were made to vacate the land for development, they would be compensated with land elsewhere — but the land was communal property. If an Orang Asli left the community, he left the land. Which is what makes today’s handing over of individual title d...
Read more

Samy: PWD to monitor police infra projects

-
PETALING JAYA: Implementation of infrastructure projects involving the police force will now be monitored by the Public Works Department (PWD). Works Minister Datuk Seri S.Samy Vellu said the decision on the matter was decided by the Cabinet Committee on Police Management Improvement which met at Putrajaya on Jan 24. The meeting was chaired by Prime Minister Datuk Seri Abdullah Ahmad Badawi. Speaking to reporters here after opening the traffic interchange linking Damansara Perdana to the Damansara-Puchong Highway and the SPRINT Highway, he said the various projects involving the police force, such as construction of new stations and quarters for staff, as well as upgrading of existing ones, will still be managed and implemented by consultants appointed by the Internal Security Ministry. READ FULL ARTICLE CLICK HERE
Read more

Map of Damansara Perdana

-
Image
Visit www.OngChowFatt.com How to go Damansara Perdana? The following is the Map & Master Plan of Damansara Perdana Click on image to enlarge Map of Damansara Perdana Master Plan of Damansara Perdana Other Map of Damansara Perdana Do you have a map to share with us? email to damansaraperdana@gmail.com
Read more