Saturday, November 28, 2009

Phase 9A / 9B (Shop Offices)

Nice and beautiful shoplot still under contruction

Sunday, November 22, 2009

Plenitude posts lower profit for 1Q10

started its financial year ending June 30, 2010 on a lower note compared with the previous year. Net profit declined 11% year-on-year to RM11.74 million for its first quarter ended Sept 30 (1Q10). Revenue was down 14% to RM57.95 million for the quarter.In a statement to Bursa Malaysia last Thursday, the company noted that the group’s lower financial results were mainly due to lower progressive profit recognised on PROPERTIES sold, completed and handed over.It said the progressive profit recognised on properties handed over were in respect of, among others, Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor, Bandar Perdana in Kedah, The Residences and Changkat View in Sri Hartamas, Kuala Lumpur and Bayu Ferringhi in Penang.It noted that "based on the group’s commitment on timely completion of the ongoing projects, the board of directors is fairly optimistic that the group would be able to continue to record satisfactory results for the current year ending June 30, 2010".The stock closed unchanged at RM2.75 last Thursday.


Wednesday, November 18, 2009

Plenitude to launch six new projects

KUALA LUMPUR: Plenitude Bhd plans to launch six new projects with a gross development value (GDV) of RM280 million in its financial year ended June 30, 2010.
Its executive chairman, Chua Elsie said the group has outlined several launches that includes the first ever bungalow development at Taman Desa Tebrau, Johor.
She said ongoing development projects such as 2-storey terraced houses at Taman Putra Prima, Puchong, as well as 2-storey semi-detached homes at Lot 88 and affordable terraced houses at Bandar Perdana in Sungai Petani, Kedah, will continue.
“We plan to launch our Phase 8B project in Taman Putra Prima in Puchong next year comprising 248 units of 2-storey terraced houses,” Chua told reporters after the group’s annual general meeting (AGM) here on Nov 18.
At the AGM, shareholders approved the payment of a first and final dividend of 14 sen per share less 25% income tax amounting to RM14.17 million.
The group recently rolled out its luxury semi-detached houses and high-rise resort-style condominium development called Bayu Ferringhi in Penang.
“The respond is very good. We sold almost all the units excluding the bumiputera-allocated ones,” she said.
The Bayu Ferringhi project comprises 44 semi-detached houses and a condominium tower.
Plenitude had also launched several new phases in its existing developments of 3-storey commercial units in Taman Desa Tebrau, Johor on FY2009 and a mixture of semi-detached and terraced houses in Lot 88, Sungai Petani on Nov 14.
Meanwhile, Phase 8A of Taman Putra Prima, Puchong, which consists of 197 units of 2-storey terraced houses, was launched on June 2009 and Phase 9A and 9B, made up of 72 commercial units, were launched in late 2008.
In total, the group launched four projects with a total gross development value of approximately RM350 million.
In its financial year ended June 30, 2009, the Plenitude group registered a profit after tax of RM79.8 million, the highest since the group’s listing in 2003 against revenue of RM282.7 million. Basic earnings per share stood at 59.1 sen.
“Profit for financial year 2009 was attributed to the sales of existing projects, new projects, new phases and the sale of land. Prudent management and selection of strategic project launches have been significant factors in realisation of profits,” she said.


Sunday, October 25, 2009

Satellite images

The beginning, this satellite image was taken around 2000. Phase 1A, 1B and 2A was under construction. Taman tasik prima, puchong tekali, putra impiana, meranti jaya and bukit puchong 2 haven't been born yet. Kampung Sri Aman Hilir, also called Kampung Pulas, is located near Taman Puchong Prima

Compare to this image, was taken around 2007. Developer was constructing phase 4A

source: wikimapia

Thursday, September 17, 2009

Putra Prima Phase 8A

Taman Putra Prima’s newly launched Phase 8A offers 197 units of freehold double storey terrace houses built on 22’ x 65’ lots served with a fully equipped playground of its own.
Interested homebuyers are spoilt for choice as there are three home designs in Phase 8A with built-up sizes ranging from 1,974 sq. ft. to 2,227 sq. ft. to choose from.
Some of the unique features offered in these stylish homes are the 13’ ceiling height which is about one-and-a-half volume for Type A and B designs, spacious master bedroom, all en suite bathrooms, full height wall tiles of all bathrooms, 3-phased underground cabling and much more.
Phase 8A of Taman Putra Prima is developed by Plenitude Permai Sdn Bhd, a wholly-owned subsidiary of Plenitude Berhad.

Source: iProperty

Sunday, September 6, 2009

Plenitude to increase land bank through proposed acquisition

Plenitude Berhad, through its wholly owned subsidiary, Plenitude Permai Sdn Bhd has on 5 June 2009 launched a proposed hundred per cent acquisition of Intisari Sanjung (M) Sdn Bhd.

The amount offered was RM24.5 million cash on a ‘willing-buyer-willing seller’ basis.

Intisari Sanjung is the registered proprietor and beneficial owner of 327 separate parcels of leasehold land located in Mukim Dengkil, Daerah Sepang, Negeri Selangor.

The land parcels are next to Plenitude Permai Sdn Bhd ongoing mix development project at Taman Putra Prima.

According to Madam Chua Elsie, Executive Chairman of Plenitude, “The proposed acquisition is in tandem with Plenitude’s corporate vision of increasing land banks required for our property development business. As often-mentioned, we are always on the lookout for a good piece of land. We seize the opportunity when we see one and our healthy balance sheet and cash flow position are able to support us in such prospects.”

She added, “The said Lands will be considered for future development of residential and commercial properties. It will not only provide our Group with a new sustainable source of income but it will also enhance our position in the property development sector.”


Wednesday, August 5, 2009

Shortcut to Kota Kemuning

Shortcut to Kota kemuning, around 7km. Highly recommended to use it if you're driving a 4x4

Friday, February 27, 2009

Puchong utama interchange

The proposed Puchong Utama interchange, located between the Puchong Perdana interchange and Kampung Baru interchange on Damansara-Puchong Highway (LDP), is much needed due to the increase in traffic.
United Residents Association Puchong chairman Chik Chum, who is also the Taman Puchong Intan Residents Association chairman, pointed out that the traffic at the Puchong Perdana interchange was bad during peak hours.
The residents and business communities in Taman Puchong Intan, Taman Puchong Indah, Taman Puchong Permai, Puchong Perdana, Taman Perindustrian Puchong Perdana, Taman Puchong Prima, Taman Perindustrian Puchong Utama and Puchong Utama have been sharing the two interchanges all these while, and the new interchange is expected to reduce the traffic congestion.
“It has been four to five years since the plan about the proposed Puchong Utama interchange was first brought up, but nothing has been done until today,” Chik said.
Litrak, the LDP concessionaire, confirmed the proposal.
“It was the Subang Jaya Municipal Council (MPSJ) that mooted the idea, after considering the traffic volume due to the massive development in this part of Puchong,” Litrak communications head Bhavani Krishna Iyer said. She added that the project had been approved by the Malaysian Highway Authority.
“The developers in the area will have to contribute to the fund before MPSJ builds the interchange,” she said.
“It will help in reducing the congestion at the two existing interchanges,” she said.
MPSJ could not be reached for comments but it is learnt that the council has yet to collect sufficient funds from the developers to start the project.

Source: The Star