Share
KAJANG: Metro Kajang Holdings Bhd plans to launch its 270-acre Kajang 2 township in the first quarter of its financial year ended Sept 30, 2011.
Group managing director, Datuk Eddy Chen said the project with a gross development value (GDV) of RM1.4 billion is located between Bandar Baru Bangi and Kajang town in Selangor.
“There will be a big commercial component to complement the surrounding population of at least 150,000 within 2km of the site,” he told theedgeproperty.com after the group’s annual general meeting on Thursday March 25.
The group recently launched the first phase of Hillpark Home in Kajang and is planning to launch Phase 2 of the landed residential project soon.
Chen added that the group is in the process of getting the development order for projects in Taman Melawati and Pantai Dalam in Kuala Lumpur.
“For Taman Melawati, everything is in place except for some land issues, which we hope to resolve in the next one month or so. We target to launch [the project] in the fourth quarter of this year or first quarter of next year,” he said.
Chen said the project in Taman Melawati would consist of both residential and commercial properties, with more than 450 units of apartments. The GDV would be approximately RM130 million.
Metro Kajang’s net profit rose 15.85% to RM13.301 million in the first quarter ended Dec 31, 2009 (1Q2010), compared with RM11.481 million recorded in the same period last year. Meanwhile, revenue eased 0.66% to RM94.955 million for 1Q2010 from RM95.585 million in the corresponding period last year.
