PROPERTY DEVELOPMENT Location / Land Area Gross Development Value (RM) Type of Land Usage / Plan Development Selective Land Bank in Hand Bandar Seri Alam, Johor Bahru, Johor / 11.11 acres # Freehold commercial land / commercial development Within Meridin East Township, Mukim Plentong Johor Bahru, Johor / 17.90 acres # Freehold commercial land / commercial development Meridin Iskandar Malaysia, Johor / 5.31 acres # 99-years lease on freehold commercial land / A combination of SOHO and retails properties Iskandar Puteri, Johor Bahru, Johor / 19.84 acres # Freehold agriculture land / mixed development Iskandar Puteri, Johor Bahru, Johor / 29.00 acres # Freehold agriculture land / commercial development Situated next to Alam Damai, Cheras, Kuala Lumpur / 43.87 acres # 10 pieces of freehold agriculture land / mixed development Seksyen U10 Shah Alam, Selangor / 19.10 acres # 72 units of 99-years leasehold vacant detached lots approved for bungalow development Location Gross Development Value (RM) Launched Development / Planned Development On-going Projects Phase 2 of Bukit Bayu, Seksyen U10 Shah Alam, Selangor 48 million 16 units of leasehold bungalows Pinegate Residency Phase 1, Masai, Johor 300 million 896 service apartment units Arden Residence, Johor Bahru, Johor 800 million 618 service apartment units and 4 commercial lots Total 1,148 million Upcoming Project Development in Mukim Plentong, Johor Bahru, Johor 315 million 896 service apartment units # The gross development value cannot be ascertained as the development details have yet to be finalised. DIVERSIFIED CLIENTELE We are not materially dependent on any single customer for business. We have been securing projects from different clients. Our diversified clientele include: Private Sector • Eco World Development Group Bhd • Gamuda Bhd • Mah Sing Group Bhd • Samling Resources Sdn Bhd • Sunway Construction Group Bhd Government and Government Link Companies • Mass Rapid Transit Corporation Sdn. Bhd. • UEM Sunrise Bhd • S P Setia Bhd • JLG Land Berhad International Contractors • Taisei-Cscec JV • Shanghai Tunnel Engineering Ltd • SK Engineering & Construction • Penta-Ocean Construction Co Ltd • M+W Singapore Pte Ltd MANAGEMENT DISCUSSION AND ANALYSIS 019 ANNUAL REPORT 2024
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