ANNUAL REPORT 2025 019 MANAGEMENT DISCUSSION AND ANALYSIS PROPERTY DEVELOPMENT Location / Land Area 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 Medini 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 Mukim Pulai, Johor Bahru, Johor / 5.15 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 Pinegate Residency, Masai, Johor 650 million 1,792 service apartment units Arden Residence, Johor Bahru, Johor 810 million 618 service apartment units and 4 commercial lots Taman Nusa Melati, Iskandar Putri, Johor 235 million 158 units of terrace house and 42 units of shop office Total 1.695 billion Upcoming Project Lino Residence, Johor Bahru, Johor 205 million 364 service apartment units 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 Government and Government Link Companies International Contractors • Eco World Development Group Bhd • Gamuda Bhd • Mah Sing Group Bhd • Saraworks Sdn. Bhd. • Sunway Construction Group Bhd • Mass Rapid Transit Corporation Sdn. Bhd. • UEM Sunrise Bhd • S P Setia Bhd • JLG Land Bhd • Taisei-Cscec JV • Shanghai Tunnel Engineering Ltd • SK Engineering & Construction • Penta-Ocean Construction Co Ltd • M+W Singapore Pte Ltd
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