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Emkay Land Property Trust In The Works

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THE Emkay Group of companies, controlled by developer Tan Sri Mustapha Kamal Abu Bakar, said its plans to set up a commercial property trust could take two years to materialise. Chief operating officer Peter Teh Heng Poh said the real estate investment trust (REIT) is still in the idea conception stage, but it is targeting to have at least 500,000 sq ft of net lettable area in the trust. “Based on the buildings that we have, the size is already there. We are working on other details,” he told Business Times in an interview in Damansara Perdana yesterday. The REIT will likely be listed on the local bourse and will own mainly the Emkay Group’s properties in Cyberjaya as well as in Damansara initially. Among assets to be sold into the trust is the four-storey Bangunan Mustapha Kamal in Cyberjaya, which has 121,500 sq ft of lettable area. The building has been completed and the group is in negotiations with potential tenants, Teh said. In Damansara Perdana, the 21-storey Menara Mustapha Ka
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TdC to step up its broadband service

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PETALING JAYA: Time dotCom Bhd (TdC) is expanding its broadband service Time Netlynx to include high-end residential areas in Penang by year-end, said its managing director Datuk Baharum Salleh. “We will be offering broadband speeds of up to two megabits-, four megabits-, six megabits- and 10 megabits- per second (Mbps) to the residents on the island,” he told reporters at TdC Hari Raya open house here yesterday. He said TdC was looking for partners to expand its residential broadband services in the country. Baharum said the packages were competitively attractive with the 2Mbps package priced at RM75, 4Mbps at RM179, 6Mbps at RM269 and 10Mbps at RM469. He said the prices were better than what was currently in the market and that further expansion was possible with proper funding. Baharum said TdC was also looking for the best way to fund the residential broadband service expansions. “The issue here is funding. At the moment, we have zero borrowings and I want to deliberate to the boar
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Become An Editor of Damansara Perdana Blog

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Do you want to join the Damasara Perdana Blog team and become an Editor? Just fill the following details & email to us! We’ll be back to you sooner than you think to let you start posting as contributor DP blog . 1. Your Name 2. Your Email Address 3. Your Website / Blog 4. What Topic do you want to contribute? Email the above info to Thank You for your support!
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Time Launch new broadband service Netlynx target Damansara Perdana

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KUALA LUMPUR: Time dotCom Bhd hopes to sign up 1,000 subscribers for its newly launched high-speed broadband service, Time Netlynx, within three months. Managing director Datuk Baharum Salleh said he was confident the 10 megabits per second broadband service would eceive “overwhelming response from the consumers as they have been waiting for it for so long”. ”Netlynx will put Malaysia on par with other ICT-advanced countries in the region such as Japan, South Korea and Hong Kong,” he said yesterday at the launch, which was officiated by Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik. Datuk Baharum Salleh (left) and Palette Multimedia Sdn Bhd executive director Sukhdev Singh at the launch of Time Netlynx Baharum said Time had invested about RM1mil in its pilot service in Damansara Perdana, and was targeting to capture 500,000 subscribers nationwide over a three-year period. Read more @ The Star Online - Time targets 1,000 users for new broadband s
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Complaints from Flora Damansara residents taken note by MK Land

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Open Letter from MK Land's Saujana Triangle Sdn. Bhd. WE refer to an article that appeared in StarMetro on Aug 3 with regards to the inspection conducted by Petaling Jaya City Council (MBPJ) on Aug 2 following complaints by residents of Block F, Flora Damansara, Damansara Perdana. The developer was not invited for the scheduled inspection with MBPJ. However, as the matter had come to our notice, we attended as observers. It appears that the purpose of the inspection arranged by the residents was to highlight defects at the building. The defects highlighted were mainly leakages and cracks. Further, we were not approached by any of your representatives present for comments. The residents complaints dated July 18 should have been addressed to us as the developer (Saujana Triangle Sdn Bhd) and not MK Land Holdings Bhd. Upon receiving the complaints on July 20, we had already commenced action to resolve the issues and concerns raised. However, the rectification works cannot be carried
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MBPJ to meet Flora Damansara condo owners and builder to resolve problems

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By K.W. MAK Photo by YAP CHEE HONG News from The Star THE Petaling Jaya City Council (MBPJ) will arrange for a meeting between the council, residents and the developer of Flora Damansara to resolve issues involving shoddy workmanship of the condominium. MBPJ officers visited Flora Damansara Block F yesterday to inspect the defects in the structure. These defects were highlighted in a report that was sent to MBPJ and to MK Land Holdings Bhd on July 18. See this: Ho pointing out a defect at the Flora Damansara condominium to MBPJ officers. The defects include cracks at all floors in the car park area and leakage on the floor below the swimming pool with inoperative surface conduits. The report also highlighted an incident, which happened on July 1 at around 5.20am where building debris from higher floors fell onto two cars parked below, causing serious damage. Exposed cables, water seepage and cracks were also pointed out to the MBPJ officers during the inspection. The Flora Damansara Re
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Damansara Perdana Buyers up in arms over late delivery and compensation

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By JADE CHAN Photos by NORAFIFI EHSAN jade@thestar.com.my APARTMENT buyers of Block F, Flora Damansara, in Bandar Damansara Perdana are unhappy with the developer over several issues, including late delivery of vacant possession and delay in compensation for their apartments. They recently held a meeting with several representatives from the developer Saujana Triangle Sdn Bhd, a member of MK Land Holdings Berhad. Present as mediator was Bukit Lanjan assemblyman Yong Dai Ying. A number of Block F buyers have yet to receive the keys to their units and compensation for late delivery. These buyers, and those from the other apartment blocks at Flora Damansara, also raised several issues regarding the security, building structure, and state of common facilities at their blocks. Clearing the air: (From left) Fatimah, Yong and Ho informing reporters of the outcome of the meeting between the apartment buyers and the developer. There are over 600 apartment units in Block F,
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