Friday, December 31, 2010
Wednesday, December 29, 2010
LBS Bina unit buys stake in Astana Modal
LBS Bina Group Bhd unit LBS Bina Holdings Sdn Bhd has signed a share sale agreement with Meh Kok Chau for the acquisition of 75,000 shares, which represent 30 per cent equity interest of Astana Modal (M) Sdn Bhd (AMMSB), for RM22.136 million cash.In a filing with Bursa Malaysia, LBS said the acquisition would raise its equity stake in AMMSB to 65 per cent. "The proposed acquisition is in line with the group's strategy of moving towards developing more medium high-end to high-end properties," it said.AMMSB, a property developer, has signed a joint venture agreement with Kumpulan Darul Ehsan Bhd to develop a piece of land in Sepang with a gross development value of RM2.9 billion. The project is tentatively known as D’Island Residence. Phase I of the project is planned to be launched to public in February/March 2011. Site clearance and earthwork on Phase I of the project site has commenced in August 2010. The project is tentatively planned to be a self-contained township which consists of the following mixed developments, spanning over an estimated project period of 8 years and is expected to end in year 2018:
i) Superlink House
ii) Semi-Detached unit
iii) Bungalow
iv) Condominium
v) Commercial hub
vi) Club House
source: BTimes
i) Superlink House
ii) Semi-Detached unit
iii) Bungalow
iv) Condominium
v) Commercial hub
vi) Club House
source: BTimes
Monday, December 27, 2010
Measures in place to ease congestion on LDP
One of the never-ending problems of Puchong residents is the traffic jam on the Damansara-Puchong Highway (LDP).
Many residents have to go through the daily task of braving the congestion during rush hours.
Highway concessionaire Litrak believes the highway has boosted development because 66 new projects have sprouted since its opening in January 1999.
The contra-flow system was introduced to mitigate the evening gridlock on the LDP, after the Sunway toll.
These residential, business and industrial projects, in turn, contributed to a huge volume of traffic on the highway.
In a bid to resolve the gridlock in Puchong, Litrak introduced the contra flow system in March.
Motorists heading towards Putrajaya from the Sunway toll are allowed to use 2.7km of an opposite lane, thus taking some load off the south-bound traffic.
Initially, the scheme, which was in place from 4.30pm to 8.30pm on Mondays to Fridays, did not go down too well with the residents. Some felt that it had worsened the congestion due to confusion and the closure of the elevated U-turn near the IOI Mall in Bandar Puchong Jaya.
There were also some residents who applauded the brave move, as they could enjoy a smoother ride home.
Generally, as the highway users got accustomed to the changes, improvements could be observed at the Sunway toll. It took a shorter time to get past the toll booth now.
Judging by the success of the system in alleviating congestion, Litrak has decided to make the contra flow permanent.
It was announced by Litrak CEO Sazally Saidi in October that the two-way bridge at the Puchong Jaya Interchange would only be opened for south-bound traffic.
In return, a new 490m bridge would be built for the north-bound traffic. Work would start in January and be completed by February 2013.
“With the current three lanes at the south-bound mainline increased to five, motorists who want to bypass Puchong will be segregated from those getting into Puchong areas,” Sazally said.
The plan, which was part of the LDP Congestion Mitigation Plan 2009-2012, would cost about RM74mil.
This year, Litrak has also carried out widening work between the Puchong Perdana Interchange and Kampung Baru Interchange to improve traffic flow.
An additional lane has been added in both directions and the junction of Puchong Perdana and LDP has been upgraded, too.
A 700m ramp from the Puchong Intan Interchange to Puchong Perdana Interchange is still under construction and is expected to be completed by the end of next year.
With these plans in place, Puchong residents can keep their fingers crossed for better traffic flow. But first, they have to be patient and endure the inconveniences caused by the construction of the said facilities.
source: TheStar
Many residents have to go through the daily task of braving the congestion during rush hours.
Highway concessionaire Litrak believes the highway has boosted development because 66 new projects have sprouted since its opening in January 1999.
The contra-flow system was introduced to mitigate the evening gridlock on the LDP, after the Sunway toll.
These residential, business and industrial projects, in turn, contributed to a huge volume of traffic on the highway.
In a bid to resolve the gridlock in Puchong, Litrak introduced the contra flow system in March.
Motorists heading towards Putrajaya from the Sunway toll are allowed to use 2.7km of an opposite lane, thus taking some load off the south-bound traffic.
Initially, the scheme, which was in place from 4.30pm to 8.30pm on Mondays to Fridays, did not go down too well with the residents. Some felt that it had worsened the congestion due to confusion and the closure of the elevated U-turn near the IOI Mall in Bandar Puchong Jaya.
There were also some residents who applauded the brave move, as they could enjoy a smoother ride home.
Generally, as the highway users got accustomed to the changes, improvements could be observed at the Sunway toll. It took a shorter time to get past the toll booth now.
Judging by the success of the system in alleviating congestion, Litrak has decided to make the contra flow permanent.
It was announced by Litrak CEO Sazally Saidi in October that the two-way bridge at the Puchong Jaya Interchange would only be opened for south-bound traffic.
In return, a new 490m bridge would be built for the north-bound traffic. Work would start in January and be completed by February 2013.
“With the current three lanes at the south-bound mainline increased to five, motorists who want to bypass Puchong will be segregated from those getting into Puchong areas,” Sazally said.
The plan, which was part of the LDP Congestion Mitigation Plan 2009-2012, would cost about RM74mil.
This year, Litrak has also carried out widening work between the Puchong Perdana Interchange and Kampung Baru Interchange to improve traffic flow.
An additional lane has been added in both directions and the junction of Puchong Perdana and LDP has been upgraded, too.
A 700m ramp from the Puchong Intan Interchange to Puchong Perdana Interchange is still under construction and is expected to be completed by the end of next year.
With these plans in place, Puchong residents can keep their fingers crossed for better traffic flow. But first, they have to be patient and endure the inconveniences caused by the construction of the said facilities.
source: TheStar
Monday, December 13, 2010
Sakura @ Taman Putra Prima
'Sakura Malaysia' (Tabebuia Rosea in scientific terms) in full bloom @ Taman Putra Prima
Tuesday, December 7, 2010
Taman Putra Prima to Saujana Putra
Taman Putra Prima to Saujana Putra, this road would take you to ELITE and SKVE highway.
Friday, December 3, 2010
D'Island Residence in Puchong
LBS Bina Group Bhd will launch its jewel project called D'Island Residence in Puchong that specifically caters to the high-end market by February or March next year.
This project will be a catalyst for the group's plans to embark into the higher level of the property market. We plan to launch 122 units of super-link houses that cost RM888,000 each and 74 units of semi-detached houses at a price of RM1.6mil each.
Overall, the project will span eight years with gross development value (GDV) of RM2.1bil, he says.
D'Island Residence will be developed on 175 acres and once completed, it will have a total of 237 units of super-link house, 298 units of semi-detached, 148 units of bungalow and 352 high-end condominiums.
source: TheStar
This project will be a catalyst for the group's plans to embark into the higher level of the property market. We plan to launch 122 units of super-link houses that cost RM888,000 each and 74 units of semi-detached houses at a price of RM1.6mil each.
Overall, the project will span eight years with gross development value (GDV) of RM2.1bil, he says.
D'Island Residence will be developed on 175 acres and once completed, it will have a total of 237 units of super-link house, 298 units of semi-detached, 148 units of bungalow and 352 high-end condominiums.
source: TheStar
Road-widening work on LDP stretch completed
THE road-widening work on the stretch of Damansara-Puchong Highway (LDP) between the Puchong Perdana and Kampung Baru interchanges was completed last month.
The work involved adding one more lane to the existing three-lane road.
The slip road at the Puchong Perdana Interchange has been widened, providing three right-turn lanes into Persiaran Puchong Perdana.
The work involved adding one more lane to the existing three-lane road.
The slip road at the Puchong Perdana Interchange has been widened, providing three right-turn lanes into Persiaran Puchong Perdana.
Two more lanes had also been built for motorists to turn left at the junction of Persiaran Puchong Perdana and LDP for smoother traffic flow when entering or exiting Persiaran Puchong Perdana.
Litrak CEO Sazally Saidi said all these were included in the first phase of the upgrading work in the area.
The second phase, which is still ongoing and expected to be completed in December 2011, is a 700m south-bound two-lane ramp from the Puchong Intan Interchange to Puchong Perdana Interchange.
The highway concessionaire is also planning to spend RM74mil to improve the south-bound traffic from the Petaling Jaya Selatan toll plaza (or Sunway toll plaza) to Bandar Puchong Jaya.
The north-bound ramp near IOI Mall will be used for south-bound traffic and a 490m bridge will be built to channel north-bound traffic.
“Work will start in January and be completed in February 2013,” Sazally said.
In Petaling Jaya, the RM100mil upgrading work on the stretch of LDP between Persiaran Surian and Penchala toll plaza is under way.
“The site has been cleared and soil investigation completed. Work will start in January,” Sazally said.
Another RM21.4mil to ease congestion for south-bound traffic from the Damansara Utama Interchange to the SS2 Interchange is being planned.
Sazally said the toll plazas at LDP would be upgraded in tandem with the government’s intention of implementing the Multi Lane Free Flow system, where toll fares are deducted electronically by readers installed at the gantry above the highway.
Sazally said many developments had sprouted along the LDP and there was a need to constantly upgrade the highway connecting Kepong and Putrajaya.
“We hope that the authorities will also play their part. Big projects should not rely on the existing infrastructure,” he said.
Litrak CEO Sazally Saidi said all these were included in the first phase of the upgrading work in the area.
The second phase, which is still ongoing and expected to be completed in December 2011, is a 700m south-bound two-lane ramp from the Puchong Intan Interchange to Puchong Perdana Interchange.
The highway concessionaire is also planning to spend RM74mil to improve the south-bound traffic from the Petaling Jaya Selatan toll plaza (or Sunway toll plaza) to Bandar Puchong Jaya.
The north-bound ramp near IOI Mall will be used for south-bound traffic and a 490m bridge will be built to channel north-bound traffic.
“Work will start in January and be completed in February 2013,” Sazally said.
In Petaling Jaya, the RM100mil upgrading work on the stretch of LDP between Persiaran Surian and Penchala toll plaza is under way.
“The site has been cleared and soil investigation completed. Work will start in January,” Sazally said.
Another RM21.4mil to ease congestion for south-bound traffic from the Damansara Utama Interchange to the SS2 Interchange is being planned.
Sazally said the toll plazas at LDP would be upgraded in tandem with the government’s intention of implementing the Multi Lane Free Flow system, where toll fares are deducted electronically by readers installed at the gantry above the highway.
Sazally said many developments had sprouted along the LDP and there was a need to constantly upgrade the highway connecting Kepong and Putrajaya.
“We hope that the authorities will also play their part. Big projects should not rely on the existing infrastructure,” he said.
source: TheStar
Thursday, December 2, 2010
MAHSA University College’s new campus will be built in Saujana Putra
MAHSA has bought a 50 acres site at Saujana Putra from Talam Corp Bhd in March 2010. The location of this site is near to Taman Putra Prima.
The Construction of the new campus at this site is expected to start in Jan 2011 at a cost of RM350 million. All Faculties, except the Faculty of Medicine, will be located there. The 1st phase of four Faculties and accommodation for 3000 students is expected to be completed in 3 years. Once fully completed, the campus will have about 15,000 students, a full hospital and a hostel.
Related news
Sunday, November 28, 2010
SPNB awards RM1.7bil jobs for LRT extension
PETALING JAYA: Syarikat Prasarana Negara Bhd (SPNB) has awarded contracts worth RM1.7bil for the first phase (Package A) of the RM7bil light rail transit (LRT) extension project involving the Kelana Jaya and Ampang lines.
In a statement yesterday, SPNB, which was established by the Finance Ministry to facilitate, undertake and expedite infrastructure projects for the Government, said the main contractor facilities job for Package A of the Kelana Jaya line, valued at RM950mil, was awarded to Trans Resources Corp Bhd. The work will take 30 months to complete.
UEM Builders Bhd and Intria Bina Sdn Bhd were jointly appointed the nominated sub-contractors for the fabrication and delivery of segmental box girder jobs worth RM93.16mil, which is expected to take 21 months to complete.
Package A of the Kelana Jaya line will be a 9.2km extension from the Kelana Jaya station to Summit (Station 7). Package B will involve a 7.8km extension from Station 7 to the Putra Heights station.
Meanwhile, the main contractor facilities job for Package A of the Ampang line was jointly awarded to Bina Puri Holdings Bhd and Tim Sekata. Valued at RM634.64mil, the work will take 27 months to complete.
Bina Puri and Tim Sekata were also jointly appointed the nominated sub-contractors for the fabrication and delivery of segmental box girder jobs, which is valued at RM67.70mil and expected to take 19 months to complete.
Package A of the Ampang line will be a new 7.4km stretch from the Seri Petaling station to Station No. 5, while Package B will see a 10.3km extension from Station No. 5 to the Putra Heights Station.
SPNB said recipients of the main contractor facilities jobs would be responsible for all guideway sub-structure and main structure works, foundation work for stations and traction power sub-stations (TPSS), to launch and install segmental box girders and to supply and install parapets and noise barriers.
In addition, within the total contract value, the main contractors will also manage the nominated sub-contractors for contracts worth RM469mil (Kelana Jaya line) and RM305mil (Ampang line).
SPNB said the selection of the contractors was done through an open-tender process starting from November 2009. A total of 119 applications were received, but one was rejected due to failure to comply with application guidelines.
The tender for the facilities works under Package B for both lines will be called upon approval of the final railway scheme, which is expected by mid-2011.
With the appointment of the main contractors, it is expected that work on the line extension projects will start as soon as possible, SPNB said.
source: TheStar
In a statement yesterday, SPNB, which was established by the Finance Ministry to facilitate, undertake and expedite infrastructure projects for the Government, said the main contractor facilities job for Package A of the Kelana Jaya line, valued at RM950mil, was awarded to Trans Resources Corp Bhd. The work will take 30 months to complete.
UEM Builders Bhd and Intria Bina Sdn Bhd were jointly appointed the nominated sub-contractors for the fabrication and delivery of segmental box girder jobs worth RM93.16mil, which is expected to take 21 months to complete.
Package A of the Kelana Jaya line will be a 9.2km extension from the Kelana Jaya station to Summit (Station 7). Package B will involve a 7.8km extension from Station 7 to the Putra Heights station.
Meanwhile, the main contractor facilities job for Package A of the Ampang line was jointly awarded to Bina Puri Holdings Bhd and Tim Sekata. Valued at RM634.64mil, the work will take 27 months to complete.
Bina Puri and Tim Sekata were also jointly appointed the nominated sub-contractors for the fabrication and delivery of segmental box girder jobs, which is valued at RM67.70mil and expected to take 19 months to complete.
Package A of the Ampang line will be a new 7.4km stretch from the Seri Petaling station to Station No. 5, while Package B will see a 10.3km extension from Station No. 5 to the Putra Heights Station.
SPNB said recipients of the main contractor facilities jobs would be responsible for all guideway sub-structure and main structure works, foundation work for stations and traction power sub-stations (TPSS), to launch and install segmental box girders and to supply and install parapets and noise barriers.
In addition, within the total contract value, the main contractors will also manage the nominated sub-contractors for contracts worth RM469mil (Kelana Jaya line) and RM305mil (Ampang line).
SPNB said the selection of the contractors was done through an open-tender process starting from November 2009. A total of 119 applications were received, but one was rejected due to failure to comply with application guidelines.
The tender for the facilities works under Package B for both lines will be called upon approval of the final railway scheme, which is expected by mid-2011.
With the appointment of the main contractors, it is expected that work on the line extension projects will start as soon as possible, SPNB said.
source: TheStar
Friday, November 26, 2010
LRT extension jobs to be awarded soon
KUALA LUMPUR: The government is expected to award the jobs for the long-awaited light rail transit (LRT) extension project soon, and successful bidders have been short-listed, sources said.According to a source familiar with the matter, parties that had lobbied for the LRT extension jobs for the Ampang and Kelana Jaya lines include UEM Group, IJM Corp Bhd, Bina Puri Holdings Bhd and TRC Synergies Bhd. The contracts to be awarded will be for the building of LRT stations, laying groundwork and alignment before constructing the railway. The total extension length of the Kelana Jaya line is 17km and for the Ampang line 17.7km. Both extensions will see an additional 13 stations each.It is learnt that Bina Puri is in the forefront to win the LRT extension job for the Ampang line worth about RM600 million. Bina Puri has won several jobs of late, including the construction of a RM9 million hospital in Kota Kinabalu, Sabah, and more significantly, the RM997 million contract to develop the main buildings at the proposed new low-cost carrier terminal in Sepang.Bina Puri will develop a portion of the LCCT via a joint venture with UEM Construction Sdn Bhd, a unit of the UEM Group. Meanwhile, TRC is tipped to bag the main contract for the Kelana Jaya line extension, estimated to be worth between RM900 million and RM1 billion, a source said. "UEM Builders Intria Bina Sdn Bhd (UEM Builders), a wholly-owned unit of the UEM Group, is believed to be eyeing the job as well, but is not likely to get it," the source said.UEM Builders is wholly-owned by UEM Group, which in turn is wholly-owned by government investment arm Khazanah Nasional Bhd.Both TRC Synergy and UEM Builders are understood to be in the last lap of bagging the contract, but sources said Syarikat Prasarana Negara Bhd, which is in charge of the country's strategic planning for public transport, had recommended TRC Synergy to the Ministry of Finance to be the main contractor for the LRT extension project. Despite Prasarana's preference for TRC, it is said that UEM Builders was lobbying hard for the job. The LRT extension is one of the government's major infrastructure projects under the Economic Transformation Programme. The proposed Kelana Jaya LRT line extension will commence from Lembah Subang-Kelana Business Centre, through Subang, USJ, Alam Megah and end at the hub in Putra Heights. Meanwhile, the proposed Ampang LRT extension line will commence from the present Sri Petaling station, pass through Puchong, Kinrara and end at the hub in Putra Heights. It is believed that construction on the extensions is slated to commence by the end of this year. The first phase, or Package A, of both Kelana Jaya and Ampang lines will see 9.2km and 7.39km of construction length respectively.
source: TheEdge
source: TheEdge
Tuesday, November 23, 2010
Klang Valley LRT extension project at design stage
KUALA LUMPUR: The government's plan to extend the light rail transit (LRT) service in the Klang Valley is well underway, the Dewan Rakyat was told on Tuesday, Nov 23.Deputy Transport Minister Datuk Abdul Rahim Bakri said the extension project was now in its final stages of detailed designing, with over 95% already completed."Meanwhile, land acquisition and utility relocation are being done simultaneously," he said in reply to a question from Datuk Nur Jazlan Mohamed (BN-Kulai).He said the project involved a 17.7 kilometre route extension to the Ampang line which will create 13 new stations and a 17 kilometre extension to the Kelana Jaya line whereby 13 new stations would.Abdul Rahim said this in response to Nur Jazlan's question on the status of the LRT extension project in the Klang Valley and its benefits in terms of economic returns and interests to the public.Abdul Rahim said the RM7 billion project was expected to be complete in 2013 in efforts to cater to passengers during peak hours, as well as provide commuters more comfort while travelling.In addition to that, the project will present 2,000 job opportunities during its construction and 800 more after it operates."The 26 new stations will positively affect the economy of surrounding areas. Usually 60% of land and development within 400 metres from the LRT station will increase in value by 15%," he said. Abdul Rahim said extension of the LRT lines will prove to be beneficial to the public in terms of reduced travelling time, traffic congestion, direct costs such as fuel, tyre wear and tear and toll fare, as well as improving comfort and living standards of the people.He added that upon completion, the two LRT lines will connect at the Putra Heights station and form a complete rail system in the Klang Valley.The Kelana Jaya line extension will be able to increase passenger capacity up to 98,000 during peak hours, while extension of the Ampang line can cater to 79,800 passengers.
source: Bernama
source: Bernama
Monday, November 22, 2010
Plenitude net profits surge 72.3% to RM20.24m for 1Q
KUALA LUMPUR: Plenitude Bhd's net profit surged 72.3% to RM20.24 million for its first quarter ended Sept 30, 2010, from RM11.74 million a year ago, underpinned by higher revenue.The group had posted turnover of RM77.08 million, representing a 33% increase from RM57.95 million, according to a filing to Bursa Malaysia on Monday, Nov 22.Plenitude had attributed its financial performance to "progressive profit recognised on properties sold, completed and handed over", namely Taman Desa Tebrau (Johor), Taman Putra Prima (Selangor), Bayu Feringghi (Penang) and Bandar Perdana and Lot 88 (Kedah)."Based on the group's commitment to the timely completion of the on-going projects, the board of directors is fairly optimistic that the group would be able to continue to record satisfactory results for the financial year ending June 30, 2011," it said in notes accompanying the announcement.
source: TheEdge
source: TheEdge
Thursday, November 18, 2010
Carrefour to stay in Malaysia, Singapore
French retail giant Carrefour said Thursday it had abandoned a planned sale of its Malaysia and Singapore stores, pledging instead to build up its market share in the Asian nations.
The world's second-biggest retailer behind US colossus Wal-Mart, Carrefour had said this week it was offloading 42 stores in Thailand and was also looking to sell its 23 Malaysian and two Singaporean outlets.
But the firm decided to retain its presence in Malaysia and Singapore following a "strategic review", Carrefour chief executive Lars Olofsson said in a statement issued in Malaysia.
"We have decided not to sell our operations in Malaysia and Singapore because their market position and their growth prospect are consistent with our strategy," Olofsson said.
The Wall Street Journal earlier reported Olofsson as saying the planned auction did not attract high enough bids, but the chief executive played down those claims in his statement.
"We received good offers but we came to the conclusion that we can create more value by ourselves," he said, adding that the company can capitalise on its significant market share in the Malaysia's retail market.
Carrefour is the third-largest retailer in Malaysia and Olofsson pledged to invest "the necessary means" to improve its position in the market.
The French company on Monday said it was selling its Thai business to rival Big C, part of the French Casino group, for 868 million euros (1.19 billion dollars).
Reports emerged in July that Carrefour was planning to sell its businesses in all three Southeast Asian countries in an apparent bid to consolidate and shift resources to the booming Indian market.
However, the company denied the reported realignment in August.
According to Carrefour, Asia accounted for 7.6 percent of its total net sales of 85.96 billion euros in 2009, compared to 13.7 percent for Latin America and 35.7 percent for Europe excluding France.
Overall, Carrefour's sales in the third quarter were up by 6.7 percent to 25.61 billion euros (36 billion dollars). The growth was higher than a 6.1-percent increase forecast by analysts.
The world's second-biggest retailer behind US colossus Wal-Mart, Carrefour had said this week it was offloading 42 stores in Thailand and was also looking to sell its 23 Malaysian and two Singaporean outlets.
But the firm decided to retain its presence in Malaysia and Singapore following a "strategic review", Carrefour chief executive Lars Olofsson said in a statement issued in Malaysia.
"We have decided not to sell our operations in Malaysia and Singapore because their market position and their growth prospect are consistent with our strategy," Olofsson said.
The Wall Street Journal earlier reported Olofsson as saying the planned auction did not attract high enough bids, but the chief executive played down those claims in his statement.
"We received good offers but we came to the conclusion that we can create more value by ourselves," he said, adding that the company can capitalise on its significant market share in the Malaysia's retail market.
Carrefour is the third-largest retailer in Malaysia and Olofsson pledged to invest "the necessary means" to improve its position in the market.
The French company on Monday said it was selling its Thai business to rival Big C, part of the French Casino group, for 868 million euros (1.19 billion dollars).
Reports emerged in July that Carrefour was planning to sell its businesses in all three Southeast Asian countries in an apparent bid to consolidate and shift resources to the booming Indian market.
However, the company denied the reported realignment in August.
According to Carrefour, Asia accounted for 7.6 percent of its total net sales of 85.96 billion euros in 2009, compared to 13.7 percent for Latin America and 35.7 percent for Europe excluding France.
Overall, Carrefour's sales in the third quarter were up by 6.7 percent to 25.61 billion euros (36 billion dollars). The growth was higher than a 6.1-percent increase forecast by analysts.
source: Agence France-Presse 18/11/2010
Sunday, November 14, 2010
Shoplot for rent @ Taman Putra Prima
A new intermediate 2-storey shoplot (22x60 sq. ft) near housing area .
Rented out
Wednesday, November 10, 2010
Mrs Anand Tuition @ Taman Tasik Prima
Mrs Anand Tuition @ Prima Biz Hub, Taman Tasik Prima
Form 1 - 3 : Maths & Science
Form 4 & 5 : Maths, Add Maths & Physics
Open For 2011 Registration
CALL 019 664 8 664
Classes Start 1ST DEC 2010
Free Trial Class
Form 1 - 3 : Maths & Science
Form 4 & 5 : Maths, Add Maths & Physics
Open For 2011 Registration
CALL 019 664 8 664
Classes Start 1ST DEC 2010
Free Trial Class
Tuesday, November 9, 2010
Monday, November 8, 2010
New highway links Puchong to Tropicana
A new proposed highway linking Kinrara in Puchong to the New Klang Valley Expressway (NKVE) will be cutting across Petaling Jaya near Tropicana.
The new link, which is off the Kesas Highway cuts through Section 4, Section 8, Jalan Timur, Jalan Semangat, Rothmans roundabout, Damansara Intan and Damansara Kim.
The toll highway, expected to start construction soon, also goes along the Sprint Highway all the way to the NKVE near Tropicana area.
The new link, which is off the Kesas Highway cuts through Section 4, Section 8, Jalan Timur, Jalan Semangat, Rothmans roundabout, Damansara Intan and Damansara Kim.
The toll highway, expected to start construction soon, also goes along the Sprint Highway all the way to the NKVE near Tropicana area.
Traffic planning consultant Goh Bok Yen said the new link would help alleviate the traffic problems in Petaling Jaya.
“Petaling Jaya badly needs roads that provide good access. It basically requires dispersal link to access the highways for ingress and digress,” he said.
Goh cited as an example the NKVE which, he said, cut on the west side to Kota Damansara, Ara Damansara and Tropicana.
A few links that are mainly used are Persiaran Surian, the FAS tunnel and Tropicana.
For the entire Kota Damansara, Damansara Perdana and Mutiara Damansara, he said logically there should be another route to allow traffic out of Persiaran Surian.
“Petaling Jaya badly needs roads that provide good access. It basically requires dispersal link to access the highways for ingress and digress,” he said.
Goh cited as an example the NKVE which, he said, cut on the west side to Kota Damansara, Ara Damansara and Tropicana.
A few links that are mainly used are Persiaran Surian, the FAS tunnel and Tropicana.
For the entire Kota Damansara, Damansara Perdana and Mutiara Damansara, he said logically there should be another route to allow traffic out of Persiaran Surian.
source: TheStar
Sunday, October 31, 2010
Owners who renovate homes without approval to be fined
THE Sepang Municipal Council (MPSepang) will go after owners who have renovated their flats or houses extensively without getting the authority’s approval.
Council president Mohd Sayuthi Bakar said those who had renovated their homes without council permission were now given two months to rectify the situation or face heavy fines.
He said the problem was especially worrying in the case of flats where those living on the ground floor renovated their units.
“There is no provision in the council’s by-laws to allow flat dwellers to carry out renovations. They must immediately demolish the illegal structures or face 10 times the cost of the extension plan,’’ said Mohd Sayuthi at the full council board meeting on Thursday.
He said house owners who had carried out renovations without council approval would also be fined.
“We will carry out enforcement action from January onwards,’’ he added.
He said most of the flat dwellers were in Putra Perdana.
Councillor Lau Weng Chan (Kota Warisan) said since there was an existing grading system for food outlets, similar guidelines should also be imposed on those offering home delivery in light of many complaints and possible health risks.
“We do not know how this food is being prepared, so we can apply the existing guidelines on those offering such services,’’ he Lau.
The council president said it was not necessary as the number of people offering such services was small.
Council president Mohd Sayuthi Bakar said those who had renovated their homes without council permission were now given two months to rectify the situation or face heavy fines.
He said the problem was especially worrying in the case of flats where those living on the ground floor renovated their units.
“There is no provision in the council’s by-laws to allow flat dwellers to carry out renovations. They must immediately demolish the illegal structures or face 10 times the cost of the extension plan,’’ said Mohd Sayuthi at the full council board meeting on Thursday.
He said house owners who had carried out renovations without council approval would also be fined.
“We will carry out enforcement action from January onwards,’’ he added.
He said most of the flat dwellers were in Putra Perdana.
Councillor Lau Weng Chan (Kota Warisan) said since there was an existing grading system for food outlets, similar guidelines should also be imposed on those offering home delivery in light of many complaints and possible health risks.
“We do not know how this food is being prepared, so we can apply the existing guidelines on those offering such services,’’ he Lau.
The council president said it was not necessary as the number of people offering such services was small.
source: TheStar
Friday, October 29, 2010
Southern Acids to sell land near Kota Kemuning
SOUTHERN Acids (M) Bhd is looking at selling a 261ha land near Kota Kemuning in Shah Alam, Selangor, to finance its oil palm landbank expansion in Indonesia."We are looking to unlock the value of this freehold land. Negotiations have started and we are not short of suitors," chairman Tan Sri Low Boon Eng told reporters after its shareholders' meeting in Petaling Jaya, Selangor, yesterday.Low added that the company is not in a hurry to conclude the land sale. After all, it has cash reserves of more than RM70 million and plans to increase its landbank in Indonesia.
source: BTimes
Thursday, October 28, 2010
Plenitude to see RM400m in projects by FY2011
KUALA LUMPUR: Property developer Plenitude Bhd planned to launch seven projects — valued at about RM400 million in total — in its financial year ending June 30, 2011 (FY2011).Speaking to a press conference on Thursday, Oct 28, chairman Elsie Chua said the launches were located at Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor, Bandar Perdana and Lot 88 Perdana Heights in Sungai Petani. They are a mix of residential and commercial developments of landed and high-rise properties.However, Chua declined to reveal the exact launching date."Everybody said the market is good, and there are many purchasers. It is a good sign, but many people forecast that 2012/2013 won't be a good period because the downturn will come again. This coming year is picking up, and it has been good since the beginning of this year," she added.Plenitude currently has projects in Johor Bahru, Puchong, Sg Petani and Kuala Lumpur, with main developments being affordable houses, which pricing benchmark varies depending on locations.Over the next two years, the developer will roll out the construction of a new township project in Balik Pulau in Penang, on a 52.63-acre freehold plot it recently acquired for RM40.12 million. As the company's first township in Penang, the mixed development has a gross development value of RM230 million and will comprise terrace houses, superlink homes and a neighbourhood commercial centre.The company has an annual earnings and net profit growth target of 5% to 10%, which Chua said has been the trend for the past 10 years. She expects FY2011 to see similar growth, sustained by its ongoing township developments. Its dividend policy is 20% to 25% of its net profit.Pkenitude's net cash position now stands at RM325 million, and it is looking to acquire more landbanks in Klang Valley for both township and niche developments. Currently, the developer has a landbank of 1,800 acres, which can last for at least 10 years.Plenitude has also been looking for overseas projects in countries like Vietnam, Cambodia and Laos but nothing is concrete.
source: The Edge Malaysia
source: The Edge Malaysia
Monday, October 25, 2010
Monday, October 18, 2010
Puchong bus hub ready for residents
MODERN LOOK: The new bus hub at Taman Puchong Utama can accommodate up to five buses at one time
PUCHONG: After six months, residents in Puchong Utama will finally be able to enjoy a more comfortable and safe bus stop by early next month.
The bus hub, complete with a station master office, a sheltered waiting area, public phones and stalls will be able to accommodate up to five buses at any one time.
Construction commenced in February and was expected to be completed by August, but was delayed for a few months. Despite the problems, Syarikat Prasarana Negara Bhd was able to complete the project.
Making cleanliness and safety a top priority, Prasarana provided some 10 rubbish bins and built safety dividers on both sides of the waiting area. A comfortable rest area for bus drivers was also incorporated.
In June, The Malay Mail had reported the inconvenience and troubles faced by residents of Puchong Utama due to the lack of this basic amenity in the area. The previous make-shift bus stop had used a canopy which barely served as shelter against sun and rain while the area itself was inconveniently located across a wide drain, requiring commuters to jump across whenever a bus arrived.
A resident and regular commuter, Imran Rashid, 23, said: "I am glad there will finally be a proper and safe bus stop for residents to use, especially school-going children.
"I hope residents will make proper use of the new bus hub and help maintain its cleanliness."
A stall-owner at the old bus stop, Amir Hamzah, 34, said: "I am happy there is also a place for us to do business at the new bus hub, which is bigger and more comfortable.
"Despite the delay, I am thankful to Prasarana. This shows the company is not only interested in making money, but have their customer's best interests at heart."
A Prasarana spokesman told The Paper That Cares: "This bus hub is another initiative from Prasarana to provide for the the comfort and safety of the public.
"In our effort to improve service efficiency, RapidKL welcomes any feedback from the public by contacting our helpline at 03-7885 2585 which operates from 7.00am to 8.30pm (Mon-Fri) and 8.30am to 5.30pm (Sat-Sun). Feedback can also be e-mailed to suggest@rapidkl.com.my or follow us on twitter@MYrapidKL."
source: http://www.mmail.com.my
Saturday, October 16, 2010
Residents want traffic counter at Puchong Jaya police station to be re-opened
MANY Puchong residents who wanted to pay their traffic summonses at the Puchong Jaya police station recently were caught by surprise when they were informed that they could no longer do so.
The residents were taken aback to see a notice stating that the traffic summons counter had been relocated to the USJ 8 police station in Subang Jaya effective Oct 6.
Inconvenient: Wong pointing to the notice stating that the traffic summons counter at the Puchong Jaya police station had been relocated.
Puchong Jaya resident Ng Lip Sin, wanted to settle her traffic summons at the police station a few days ago but was informed that she had to go all the way to USJ 8
“The summons stated that I can pay at the nearest traffic police counter, but I didn’t know it can’t be paid here. It will be very troublesome for me as I have no idea where the USJ8 police station is,” she said.
Puchong resident Liew Yew Fook said many Puchong folk were caught unaware as they have been regularly carrying out their summons payment and checks at the Puchong Jaya police station.
“I myself only found out about this move on Tuesday, but I have been doing my transactions here for years,” said Liew who is also the Puchong MCA division secretary.
Puchong MCA division chairman Wong Hock Aun said there had been numerous complaints and confusion on the closure of traffic police counters at the Puchong Jaya and Serdang police stations, after the split of the Subang Jaya police district into two.
“We would like to appeal to Bukit Aman and the Selangor CPO to reopen the traffic summons counter at the Puchong Jaya and Serdang police stations for the convenience of Puchong residents,” he said.
“The closure of the traffic summons counters is causing a lot of inconvenience, as we used to even have the option of paying our traffic police summonses at The Mines and IOI shopping malls at one time, and there is no direct public transport service from Puchong Jaya to USJ 8.”
While offenders have the option of settling their summonses online, Wong said the online payment option was not feasible for those who were not Internet-savvy, like senior citizens.
“We would also like to suggest that the police allow traffic summonses to be paid at post offices and for the operating hours of traffic police counters to be extended to night-time for the convenience of the working crowd,” he said.
source: TheStar
The residents were taken aback to see a notice stating that the traffic summons counter had been relocated to the USJ 8 police station in Subang Jaya effective Oct 6.
Inconvenient: Wong pointing to the notice stating that the traffic summons counter at the Puchong Jaya police station had been relocated.
Puchong Jaya resident Ng Lip Sin, wanted to settle her traffic summons at the police station a few days ago but was informed that she had to go all the way to USJ 8
“The summons stated that I can pay at the nearest traffic police counter, but I didn’t know it can’t be paid here. It will be very troublesome for me as I have no idea where the USJ8 police station is,” she said.
Puchong resident Liew Yew Fook said many Puchong folk were caught unaware as they have been regularly carrying out their summons payment and checks at the Puchong Jaya police station.
“I myself only found out about this move on Tuesday, but I have been doing my transactions here for years,” said Liew who is also the Puchong MCA division secretary.
Puchong MCA division chairman Wong Hock Aun said there had been numerous complaints and confusion on the closure of traffic police counters at the Puchong Jaya and Serdang police stations, after the split of the Subang Jaya police district into two.
“We would like to appeal to Bukit Aman and the Selangor CPO to reopen the traffic summons counter at the Puchong Jaya and Serdang police stations for the convenience of Puchong residents,” he said.
“The closure of the traffic summons counters is causing a lot of inconvenience, as we used to even have the option of paying our traffic police summonses at The Mines and IOI shopping malls at one time, and there is no direct public transport service from Puchong Jaya to USJ 8.”
While offenders have the option of settling their summonses online, Wong said the online payment option was not feasible for those who were not Internet-savvy, like senior citizens.
“We would also like to suggest that the police allow traffic summonses to be paid at post offices and for the operating hours of traffic police counters to be extended to night-time for the convenience of the working crowd,” he said.
source: TheStar
Challenging convention
Red-tiled pointed roofs and rectangular glass shutter windows were a common sight for terrace houses. But who says that houses should be just the way they are, the way they have always been? Why not make the roofs flat? Why not use floor-to-ceiling glass windows? This is exactly what Kiat Tung from T&T Architect Associates did with Taman Putra Prima Phase 8A by Plenitude Berhad.
With approximately 14 years of experience in the architectural and design industry, Tung, 36, describes his style as green contemporary, featuring buildings that are contemporary, simple, clean yet environmentally friendly. “I believe that architecture style and design moves and changes with time. Therefore I prefer something simple and nice as these types of look seldom fade with time.”
“I like to refer to works from WOHA; a Singapore-based multi-disciplinary design firm led by directors Wong Mun Summ and Richard Hassell. They are well-known for their innovative and sustainable high-rise apartments namely Newton Suites in Singapore and The Met in Bangkok,” says Tung.
A graduate of University of New South Wales, Tung believes that to practice architecture, one must really have the passion for it because it’s a very tough profession. Together with his two partners, Yardly Cheng and Edwin Teo, he established T&T Architect Associates in 2002. With a workforce of 20 staff, his firm has successfully undertaken many designs for high-end residential projects by major property developers.
With approximately 14 years of experience in the architectural and design industry, Tung, 36, describes his style as green contemporary, featuring buildings that are contemporary, simple, clean yet environmentally friendly. “I believe that architecture style and design moves and changes with time. Therefore I prefer something simple and nice as these types of look seldom fade with time.”
“I like to refer to works from WOHA; a Singapore-based multi-disciplinary design firm led by directors Wong Mun Summ and Richard Hassell. They are well-known for their innovative and sustainable high-rise apartments namely Newton Suites in Singapore and The Met in Bangkok,” says Tung.
A graduate of University of New South Wales, Tung believes that to practice architecture, one must really have the passion for it because it’s a very tough profession. Together with his two partners, Yardly Cheng and Edwin Teo, he established T&T Architect Associates in 2002. With a workforce of 20 staff, his firm has successfully undertaken many designs for high-end residential projects by major property developers.
Trust and understanding
“Plenitude gave us our first project, that is Phase 3B, with a total of 300 units of terrace houses. We are indebted to Plenitude (laughs). They gave us an opportunity and we grew from there,” explains Tung.
Plenitude Berhad director Zukarnine Shah adds, “We always believe in having a mutual understanding with the designer. We have an idea of what we want but we never stop the architect from exploring and putting in new ideas. We are willing to listen as we want to benefit together with Kiat Tung’s new ideas and designs.”
When asked about the whole process of this project, Tung replies, “To be honest, this project was quite smooth. The brief from the developer was simple. They gave me the general guideline and idea of what they want – from the built-up and number of rooms to the selling price, but not so much on interior design.”
Design and concept of Taman Putra Prima
Upon entering the showhouse, one is greeted by its spaciousness, thanks in part to the 13ft high ceiling. Elaborating on his approach to design, Tung says, “Basically, we wanted to create a new trend for terrace houses that would stand out; something that is unlike any other terrace houses. For Taman Putra Prima, the concept is simple – stylish contemporary design yet sustainable. We have big glass windows to allow daylight to illuminate the interior but we have the screens to shade it. With natural lightings, the homeowners can choose not to turn on the lights during the day, hence saving electricity and money."
Playing with space: The unique design, high ceilings and split levels are what makes this development different
“In terms of architecture, we played with space. We pushed up the master bedroom so it sits at the top of the building. This gives the living room a 13ft high ceiling, making it look spacious. For corner lots, we designed a lanai – a corner to sit back and relax. For the exterior, you can see that the roof is not like the common ones we see – all with pointed roofs. We wanted to go for the modern look, therefore we made the roofs flat.
“It is these simple things that give the house its amazing quality; truly different from the rest,” says Tung.
For Tung, his favourite part of the house is the master bedroom. “To maximise space, I built the master bedroom on the top of the living room. Interior wise, the house looks as if it’s a two-and-a-half storey, but in actual fact it’s just two storeys. I like the fact that the master bedroom is on its own – giving owners their well-deserved privacy,” he shares.
As for Zukarnine, he stresses on the importance of always improving and learning as they grow as a developer. “The underlying concept of this whole development is still the same as what we envisioned since our first phase; a conducive living and value-for-money development in terms of space. We are always receptive to the feedback and comments of our previous purchasers. However, the element of design has improved as we go along.
“The strong features that I particularly like are the high ceilings, split levels, the clever use of lightings, and the unique design and usage of space.”
Playing with space: The unique design, high ceilings and split levels are what makes this development different
“In terms of architecture, we played with space. We pushed up the master bedroom so it sits at the top of the building. This gives the living room a 13ft high ceiling, making it look spacious. For corner lots, we designed a lanai – a corner to sit back and relax. For the exterior, you can see that the roof is not like the common ones we see – all with pointed roofs. We wanted to go for the modern look, therefore we made the roofs flat.
“It is these simple things that give the house its amazing quality; truly different from the rest,” says Tung.
For Tung, his favourite part of the house is the master bedroom. “To maximise space, I built the master bedroom on the top of the living room. Interior wise, the house looks as if it’s a two-and-a-half storey, but in actual fact it’s just two storeys. I like the fact that the master bedroom is on its own – giving owners their well-deserved privacy,” he shares.
As for Zukarnine, he stresses on the importance of always improving and learning as they grow as a developer. “The underlying concept of this whole development is still the same as what we envisioned since our first phase; a conducive living and value-for-money development in terms of space. We are always receptive to the feedback and comments of our previous purchasers. However, the element of design has improved as we go along.
“The strong features that I particularly like are the high ceilings, split levels, the clever use of lightings, and the unique design and usage of space.”
A progressive firm
Apart from architecture and interior consultancy work, Tung and his team has also worked on master planning of townships, but he has not done many of those. When asked for design tips and ideas for homeowners, Tung shares, “Well, ideas are easily accessible these days. One can easily get ideas from the Internet and magazines. If you think quality design costs a lot, you are wrong. It’s not about expensive things, but rather using a mix and match of the right material.
For me, I like the idea of dressing up a casual area with an accent piece; something unique and iconic. It gives that added twist of sophistication to the design.”
For me, I like the idea of dressing up a casual area with an accent piece; something unique and iconic. It gives that added twist of sophistication to the design.”
source: TheStar
Wednesday, October 13, 2010
Monday, October 11, 2010
Friday, October 8, 2010
Tuesday, October 5, 2010
Contra-flow on LDP to be permanent
FOLLOWING the effectiveness of the contra-flow system that has helped alleviate the evening gridlock at the Damansara-Puchong Highway (LDP), its concessionaire, Litrak, is considering making it a permanent fixture.
Litrak CEO Sazally Saidi said during the company’s Hari Raya Open House yesterday that the Litrak board of directors had approved the proposal.
“Right now, we are taking away one lane of the northbound traffic from 4.30pm to 8.30pm on weekdays for motorists going towards Puchong Jaya from the Petaling Jaya Selatan toll (or better known as Sunway toll).
“When the contra-flow is implemented permanently, we will compensate the northbound traffic by providing an extra lane at the flyover from IOI Mall in Bandar Puchong Jaya heading towards the toll plaza,” he said.
Litrak CEO Sazally Saidi said during the company’s Hari Raya Open House yesterday that the Litrak board of directors had approved the proposal.
“Right now, we are taking away one lane of the northbound traffic from 4.30pm to 8.30pm on weekdays for motorists going towards Puchong Jaya from the Petaling Jaya Selatan toll (or better known as Sunway toll).
“When the contra-flow is implemented permanently, we will compensate the northbound traffic by providing an extra lane at the flyover from IOI Mall in Bandar Puchong Jaya heading towards the toll plaza,” he said.
Work is expected to start early next year.
Sazally also added that Litrak was discussing with the federal government on ways to ease the congestion on the Federal Highway, as the traffic always piled back to LDP during the morning rush hour.
“Even though the Federal Highway does not come under our responsibility, we are identifying the problematic areas along the highway.
“We are exploring possible options and one of it is widening the Federal Highway to increase its capacity,” he said.
Malaysian Highway Authority (LLM) director-general Datuk Ismail Md Salleh, who was also present at the function, said Litrak and the Public Works Department under the Works Ministry started the discussion last year.
“The area along the highway has many factories and shopping malls.
“It will be costly so we have to make sure that whatever we want to do will solve the problem,” he said.
During the annual function attended by 2,000 guests, Litrak presented hampers and duit raya worth RM100 each to 25 senior citizens from the Orphans, Single Mothers and Senior Citizen Association in Kampung Medan.
Sazally also added that Litrak was discussing with the federal government on ways to ease the congestion on the Federal Highway, as the traffic always piled back to LDP during the morning rush hour.
“Even though the Federal Highway does not come under our responsibility, we are identifying the problematic areas along the highway.
“We are exploring possible options and one of it is widening the Federal Highway to increase its capacity,” he said.
Malaysian Highway Authority (LLM) director-general Datuk Ismail Md Salleh, who was also present at the function, said Litrak and the Public Works Department under the Works Ministry started the discussion last year.
“The area along the highway has many factories and shopping malls.
“It will be costly so we have to make sure that whatever we want to do will solve the problem,” he said.
During the annual function attended by 2,000 guests, Litrak presented hampers and duit raya worth RM100 each to 25 senior citizens from the Orphans, Single Mothers and Senior Citizen Association in Kampung Medan.
source: thestar.com.my
Wednesday, September 29, 2010
Tuesday, September 21, 2010
Carrefour to continue expanding ops
PUTRAJAYA: Carrefour Malaysia is going ahead with the opening of two new branches in Selangor despite news that the French retail giant is exiting South-East Asia.
Carrefour Malaysia chairman Tan Sri Abdul Aziz Shamsudin said the two new hypermarkets were in Puchong Utama and Section 23 Shah Alam.
Asked if sales had been affected by news of Carrefour’s divestment, he said there had been no impact to date as the hypermarket operator had many loyal customers.
Apart from Malaysia, Carrefour – the world’s second-biggest retailer – is also said to be selling off its businesses in Singapore and Thailand.
Carrefour yesterday received the Halal Certification Malaysia for its meat, salad bar and bakery sections from the Department of Islamic Development Malaysia (Jakim).
“We are not targeting any increase in sales through the halal certification but it is being done as an appreciation for our loyal customers,” Abdul Aziz said.
With the certification, Carrefour becomes the first hypermarket to offer fully halal products at the three sections.
Information kiosks (I-Kiosks) are also available for customers to check the status of products being sold.
The initiative, which began at Carrefour Putrajaya, will be extended to other branches nationwide. It will also eventually cover other sections of the hypermarkets.
Carrefour plans to increase the sales of food products from small and medium enterprises to 11% in 2011 from an estimated 10% this year.
source— Bernama
Carrefour Malaysia chairman Tan Sri Abdul Aziz Shamsudin said the two new hypermarkets were in Puchong Utama and Section 23 Shah Alam.
Asked if sales had been affected by news of Carrefour’s divestment, he said there had been no impact to date as the hypermarket operator had many loyal customers.
Apart from Malaysia, Carrefour – the world’s second-biggest retailer – is also said to be selling off its businesses in Singapore and Thailand.
Carrefour yesterday received the Halal Certification Malaysia for its meat, salad bar and bakery sections from the Department of Islamic Development Malaysia (Jakim).
“We are not targeting any increase in sales through the halal certification but it is being done as an appreciation for our loyal customers,” Abdul Aziz said.
With the certification, Carrefour becomes the first hypermarket to offer fully halal products at the three sections.
Information kiosks (I-Kiosks) are also available for customers to check the status of products being sold.
The initiative, which began at Carrefour Putrajaya, will be extended to other branches nationwide. It will also eventually cover other sections of the hypermarkets.
Carrefour plans to increase the sales of food products from small and medium enterprises to 11% in 2011 from an estimated 10% this year.
source— Bernama
Monday, September 20, 2010
IKEA 2011 catalog is out now!
The full version of IKEA Malaysia 2011 catalog is out now! Go here to view it: http://www.ikea.com.my/en/catalogue/index.asp
Sunday, September 12, 2010
Plenitude (OSK Research) maintain buy; target price RM4.84
A Bonus Surprise
THE BUZZ
On 7 Sept 2010, Plenitude proposed a 1-for-1 bonus issue (Bursa).
OUR TAKE
Announces 1-for-1 bonus issue. We had always wondered what Plenitude would do with the large reserves that the company has been building up since its listing in 2003.Given the illiquidity of the stock, we had always suspected that the management would eventually carry out a bonus issue. However, since the management had vehemently indicated in the past that it had no interest in embarking on such a corporate exercise to improve the stock’s liquidity, its proposed 1-for-1 bonus issue certainly took us by surprise. The 1-for-1 bonus issue will involve an issuance of up to 135m shares to be issued at a date to be announced later.No changes to earnings estimates, of course. The bonus issue exercise will of course have no impact on our earnings forecast. But accordingly, ex-bonus, our EPS and NTA/share will be reduced by 50% (FY11: from 72.4 sen and RM5.94 to 36.2 sen and RM2.97 respectively). Consequently, our fair value, which is based on 0.8x CY11 P/NTA, will be adjusted from RM4.84 to RM2.42. A timely move. Maintain BUY. Note that we upgraded Plenitude’s fair value to RM4.84 (cum) in our 3 Sept 2010 property sector report, ‘A Brewing Real Estate Mania’ on thepremise that Plenitude stands to gain from the coming property upcycle, which will be primarily led by the mid-to-high end landed properties. With no changes to our outlook on the fundamentals of the stock for now, we continue to value Plenitude at RM4.84 (cum) based on 0.8x CY11 P/NTA, which is approximately 2.5σ above its 7-year historical mean. Coupled with the anticipated brighter sector outlook in the horizon, the substantially improved liquidity in the stock would soon capture the attention of institutional investors, and potentially provide a shot-in-the-arm to Plenitude’s valuation. As this is also the first time that Plenitude actually appears to be proactive in addressing the issue of the stock’s liquidity since its listing in 2003, we see the possibility of Plenitude trading at a premium even to its historical valuation soon. Maintain BUY.
THE BUZZ
On 7 Sept 2010, Plenitude proposed a 1-for-1 bonus issue (Bursa).
OUR TAKE
Announces 1-for-1 bonus issue. We had always wondered what Plenitude would do with the large reserves that the company has been building up since its listing in 2003.Given the illiquidity of the stock, we had always suspected that the management would eventually carry out a bonus issue. However, since the management had vehemently indicated in the past that it had no interest in embarking on such a corporate exercise to improve the stock’s liquidity, its proposed 1-for-1 bonus issue certainly took us by surprise. The 1-for-1 bonus issue will involve an issuance of up to 135m shares to be issued at a date to be announced later.No changes to earnings estimates, of course. The bonus issue exercise will of course have no impact on our earnings forecast. But accordingly, ex-bonus, our EPS and NTA/share will be reduced by 50% (FY11: from 72.4 sen and RM5.94 to 36.2 sen and RM2.97 respectively). Consequently, our fair value, which is based on 0.8x CY11 P/NTA, will be adjusted from RM4.84 to RM2.42. A timely move. Maintain BUY. Note that we upgraded Plenitude’s fair value to RM4.84 (cum) in our 3 Sept 2010 property sector report, ‘A Brewing Real Estate Mania’ on thepremise that Plenitude stands to gain from the coming property upcycle, which will be primarily led by the mid-to-high end landed properties. With no changes to our outlook on the fundamentals of the stock for now, we continue to value Plenitude at RM4.84 (cum) based on 0.8x CY11 P/NTA, which is approximately 2.5σ above its 7-year historical mean. Coupled with the anticipated brighter sector outlook in the horizon, the substantially improved liquidity in the stock would soon capture the attention of institutional investors, and potentially provide a shot-in-the-arm to Plenitude’s valuation. As this is also the first time that Plenitude actually appears to be proactive in addressing the issue of the stock’s liquidity since its listing in 2003, we see the possibility of Plenitude trading at a premium even to its historical valuation soon. Maintain BUY.
Wednesday, September 1, 2010
TM ending UniFi installation fee waiver from 1 October onwards
The introductory promotional period for Telekom Malaysia Berhad (TM)’s UniFi high speed broadband service will end on 30 September 2010.
Starting from 1st October 2010 TM will begin charging a one-time fee of RM200 for UniFi installation. This installation charge is across the board; covering the UniFi VIP5, VIP10 and VIP 20 triple-play consumer packages as well as the BIZ5, BIZ10 and BIZ20 business packages. For convenience, the UniFi installation charge will be spread in instalments over a period of 5-months at RM40 per month and will be reflected in the customer’s monthly bills.
However, all of the related UniFi customer premise equipment and peripherals including router/access point, the broadband termination unit (modem) DECT phone and Internet Protocol Television (IPTV) set top box -- estimated to be worth RM800 -- will continue to be provided by TM free-of-charge.
Imri Mokhtar, Executive Vice-President for Consumer, TM, further emphasised that despite the upcoming installation charges for UniFi from 1 October 2010, consumers who sign up before the date will not be levied with the fee even if their installation takes place after the date.
“As our promotional period for UniFi will end on 30 September 2010, interested customers are encouraged to sign up for their selected UniFi packages soonest possible before the end of September to continue enjoying the current waiver of the installation charges. So grab the chance to become pioneers and enjoy the immense experience change in communications, lifestyle and entertainment brought about by high-speed broadband.”
Imri then elaborated on the tedious and complex installation process required for UniFi: “UniFi installation is very different compared to normal telephony and broadband installation due to the sensitive nature of the technology involved which requires a high degree of accuracy. UniFi is a service provisioned via direct fibre connectivity to the home where the installation process is more complicated and requires a high degree of technical competency. The UniFi installation process involves many elements - a site survey, drilling, ducting, piping, electrical work and equipment reconfiguration. Our specialist installers will be dealing with delicate and fine fibre optic cables, which require a very different handling methodology compared to normal copper cables. Hence, UniFi installation at a particular premise will usually take between 3 – 8 hours.”
UniFi was launched in March this year in selected areas around the Klang Valley. TM’s UniFi service is currently available in 23 areas including Shah Alam, Damansara, Taman Tun Dr Ismail, Bangsar, Wangsa Maju, Sungai Buloh, Puchong and Cyberjaya, as well as Putrajaya and Damansara; and 5 areas outside the Klang Valley, located in industrial zones such as Kulim Hi-Tech Park in Kedah, Bayan Baru in Penang, Senai and Permas in Johor. UniFi service rollout has exceeded 500,000 premises passed nationwide. UniFi is being progressively rolled out to cover 48 exchange areas reaching 750,000 premises passed by the end of 2010, and 1.3mil premises passed by the end of 2012.
There are over 9,000 UniFi customers currently and approximately 12,000 applicants have registered their interest in the service.
UniFi is currently being offered via three residential and three business packages. The Residential triple-play packages are VIP5 at RM149 a month, VIP10 at RM199 a month and VIP20 at RM249 a month. Each package comes with voice, high speed Internet and either a basic or premium HyppTV subscription. The businesses packages are BIZ5 at RM199 a month, BIZ10 at RM599 a month and BIZ20 at RM899 a month. Each business package comes with an attractive call plan, high speed Internet and a host of complimentary value added services.
Starting from 1st October 2010 TM will begin charging a one-time fee of RM200 for UniFi installation. This installation charge is across the board; covering the UniFi VIP5, VIP10 and VIP 20 triple-play consumer packages as well as the BIZ5, BIZ10 and BIZ20 business packages. For convenience, the UniFi installation charge will be spread in instalments over a period of 5-months at RM40 per month and will be reflected in the customer’s monthly bills.
However, all of the related UniFi customer premise equipment and peripherals including router/access point, the broadband termination unit (modem) DECT phone and Internet Protocol Television (IPTV) set top box -- estimated to be worth RM800 -- will continue to be provided by TM free-of-charge.
Imri Mokhtar, Executive Vice-President for Consumer, TM, further emphasised that despite the upcoming installation charges for UniFi from 1 October 2010, consumers who sign up before the date will not be levied with the fee even if their installation takes place after the date.
“As our promotional period for UniFi will end on 30 September 2010, interested customers are encouraged to sign up for their selected UniFi packages soonest possible before the end of September to continue enjoying the current waiver of the installation charges. So grab the chance to become pioneers and enjoy the immense experience change in communications, lifestyle and entertainment brought about by high-speed broadband.”
Imri then elaborated on the tedious and complex installation process required for UniFi: “UniFi installation is very different compared to normal telephony and broadband installation due to the sensitive nature of the technology involved which requires a high degree of accuracy. UniFi is a service provisioned via direct fibre connectivity to the home where the installation process is more complicated and requires a high degree of technical competency. The UniFi installation process involves many elements - a site survey, drilling, ducting, piping, electrical work and equipment reconfiguration. Our specialist installers will be dealing with delicate and fine fibre optic cables, which require a very different handling methodology compared to normal copper cables. Hence, UniFi installation at a particular premise will usually take between 3 – 8 hours.”
UniFi was launched in March this year in selected areas around the Klang Valley. TM’s UniFi service is currently available in 23 areas including Shah Alam, Damansara, Taman Tun Dr Ismail, Bangsar, Wangsa Maju, Sungai Buloh, Puchong and Cyberjaya, as well as Putrajaya and Damansara; and 5 areas outside the Klang Valley, located in industrial zones such as Kulim Hi-Tech Park in Kedah, Bayan Baru in Penang, Senai and Permas in Johor. UniFi service rollout has exceeded 500,000 premises passed nationwide. UniFi is being progressively rolled out to cover 48 exchange areas reaching 750,000 premises passed by the end of 2010, and 1.3mil premises passed by the end of 2012.
There are over 9,000 UniFi customers currently and approximately 12,000 applicants have registered their interest in the service.
UniFi is currently being offered via three residential and three business packages. The Residential triple-play packages are VIP5 at RM149 a month, VIP10 at RM199 a month and VIP20 at RM249 a month. Each package comes with voice, high speed Internet and either a basic or premium HyppTV subscription. The businesses packages are BIZ5 at RM199 a month, BIZ10 at RM599 a month and BIZ20 at RM899 a month. Each business package comes with an attractive call plan, high speed Internet and a host of complimentary value added services.
source: @TMCorp
Monday, August 23, 2010
Plenitude posts record-high profit
KUALA LUMPUR: Plenitude Bhd recorded its highest ever revenue and profit levels for its financial year ended June 30, 2010 (FYE 2010), posting a net profit of RM84.19 million for the year, up 5.5% from RM79.78 million in FYE 2009.The group’s revenue rose to RM349.71 million in FYE 2010, up 23.7% compared to the year before. Plenitude’s earnings per share (EPS) increased to 62.36 sen for FYE 2010 from 59.10 sen per share in the previous year. “The property market rebound has worked in our Group’s favour. Demand for our projects increased for the reporting year and prices of our properties surged between 10% and 20% on average. This brought about a better than expected gross development value of RM324.36 million,” said executive chairman Elsie Chua in a press statement on Monday, Aug 23.This year proved to be a busy one for Plenitude, with multiple launches for its developments in Puchong, Johor Bahru, Sg Petani and Penang. Its Phase 8A in Taman Putra Prima, Puchong did particularly well, selling 197 units of double-storey terrace house and delivering a total gross development value (GDV) of approximately RM70.13 million.The selling price for the group’s maiden luxury project in Penang, Bayu Ferringhi has surged to about RM500 psf from RM420psf a year ago. The project comprises condominium blocks and semi detached houses was launched earlier last year. To date, more than 70% of the project has been taken up and is scheduled to be completed by mid-2011.Good take-up rates were also noted for projects in Bandar Perdana and Lot 88 (Perdana Heights), Sg Petani.More launches are in the pipeline, including its first bungalow and cluster homes in Taman Desa Tebrau, Johor Bahru and 3-storey link houses in Taman Putra Prima in Puchong Selangor.“We are also progressing with the planning of our newly acquired 40 acres of land in Batu Ferringhi, Penang and hope to launch within two years,” said Chua.“We maintain a prudent outlook on the property market for this year and will continue to launch affordable housing as interest rates rise,” she added.In the year's fourth quarter, Plenitude recorded revenue of RM107.59 million, representing an increase of 61.3% from previous year’s corresponding quarter while profit after tax surged to RM27.6 million
source: TheEdgeProperty 23 August 2010
source: TheEdgeProperty 23 August 2010
Friday, August 20, 2010
Bolton looks overseas for expansion
PUCHONG: Bolton Bhd is looking at overseas venture for further business expansion, its managing director Chan Wing Kwong said.Speaking to the press after unveiling The Wharf here on Friday, Aug 20, he added that it is looking at countries "within five to six hours away" from Malaysia, such as China and Vietnam."The country won't be too far from the home country and we are looking at the population, disposable income, political stability and legal infrastructure for the countries we are going into," he said.He noted that Bolton started looking at overseas venture before the recent credit crisis, but the effort has somehow delayed when the economy slowed down.Chan, nevertheless, hopes to make announcement on the developer's overseas venture within two years.
On the local front, Bolton plans to acquire landbank, mainly in Klang Valley and Penang, that can generate gross development value (GDV) of RM500 million to RM600 million this year.This landbank, Chan said, would cost the developer RM100 million to RM150 million.It currently has landbank of 650 acres in areas like Kuala Lumpur, Puchong, Penang, Melaka and Negeri Sembilan.
On the local front, Bolton plans to acquire landbank, mainly in Klang Valley and Penang, that can generate gross development value (GDV) of RM500 million to RM600 million this year.This landbank, Chan said, would cost the developer RM100 million to RM150 million.It currently has landbank of 650 acres in areas like Kuala Lumpur, Puchong, Penang, Melaka and Negeri Sembilan.
The Wharf, a commercial project with a GDV of RM450 million, is part of the 345-acre Taman Tasik Permai in Puchong, surrounding a 200-acre natural lake.It will comprise boutique showroom stratified offices dubbed BizWalk, three blocks of apartment as well as a retail mall. The three components will be connected to each other with bridges.Bizwalk, offering offices sized 1,875 sq ft and 2,925 sq ft, will be launched this weekend. Tagged from RM2.2 million, this RM50 million component has more than 600 car park bays. It is scheduled for completion by 2013.The apartment block, meanwhile, will be launched February next year. The RM300 million component will have 1,002 units in three 29-storey blocks as well as 64 terraced suites atop of the offices. It is scheduled for completion by 2014.Bolton plans to keep the retail mall with net lettable area of 302,739 sq ft. Chan said it might sell the whole mall to a single buyer in a later date. The mall, which will be completed in 2013, will be using the lake water for its Wing Cooling System for cooling effects.After this project, the developer still have another 20 acres of undeveloped land in the township. Currently, some 1,500 units of property in the township have been sold.A new apartment project, spans over 4.5 acres of land in the township, will also be launched next year-end, Chan said, without revealing the details.
source: The Edge Malaysia 20 August 2010
Thursday, August 12, 2010
Wednesday, August 11, 2010
Another future development by LBS bina group?
LBS BINA GROUP 100%-owned PELANGI HOMES Sdn Bhd had on May 15, 2007 entered into a Development Agreement with MAGMA DESTAR (M) Sdn Bhd to jointly carry out sand mining on a piece of leasehold and agricultural land measuring 100 acres in Dengkil, Sepang, Selangor and subsequently to develop the land in a residential project. MAGMA DESTAR - the Landowner - will be paid RM5m in 5 installments over 2 years and properties to be developed valued at RM25m. The Company will be entitled to all incomes from the sand mining. The sand mining is expected to yield RM40.2m over 4 years and the Sales Value of the development estimated at RM43m over 3 years.
Friday, August 6, 2010
Bolton To Unveil "The Wharf" Later This Month
SHAH ALAM, Aug 6 (Bernama) -- Property developer, Bolton Bhd, will unveil a new commercial development in Puchong, known as "The Wharf", later this month, said its Executive Director Chan Wing Kwong.The development, with a gross development value of RM650 million, is a mixed offering of boutique shop offices, service apartments and a retail shopping mall.The Wharf would highlight green features that would capture the imagination of an ever-demanding market, he told reporters after the company's annual general meeting on Friday.Other projects in the pipeline include a 33-storey development, known as "Sixceylon" at Bukit Ceylon, Kuala Lumpur, comprising 215 units of luxury condominiums with a gross development value of about RM180.0 million.Meanwhile, "51 Gurney" is a unique offering comprises 71 units of super luxury condominium with a gross development value of about RM150.0 million.Asked on expansion plans, he said the company would continue building its strength in the Malaysian property market while consider venturing overseas in the next one to two years."We will look within the region," he added.For the financial year ended March 31, 2010, the company registered a pre-tax profit of RM50.7 million, up 33 per cent, compared with 38.113 million chalked up in the same period last year.However, revenue declined to RM257.473 million from RM292.044 million previously.
source: Bernama August 06, 2010
source: Bernama August 06, 2010
Wednesday, August 4, 2010
Plenitude Permai’s newly owned leasehold land?
Is this Plenitude Permai’s newly owned leasehold land from acquisition of Intisari Sanjung Sdn Bhd? You can see the news here.
Thursday, July 29, 2010
Monday, July 26, 2010
Sunday, July 18, 2010
D’ Island in Puchong
D’ Island, a luxury island resort living residences project in Puchong will be launched within 2010 by LBS Bina Group Berhad, location of this project is very near to Taman Putra Prima. In 2009, LBS Bina entered into a Project Management Agreement with Astana Modal (M) Sdn Bhd for the development of housing and commercial project on a piece of 175-acre land in Puchong, Selangor.This project is strategically located in Puchong, one of Klang Valley’s most vibrant and established township. This superb development will be well connected via LDP and it also accessible from ELITE Expressway linked by the Approved Cloverleaf Interchange-Putrajaya in near future. The development land is a piece of huge island-featured land with major part of the land surrounded by water with only a small portion of the land in the north connecting to the mainland. This island feature makes the land a perfect design for a truly unique island resort living with scenic natural panoramic view of the surrounding lake and the mainland green ranges. This project comprises about 1,100 units of mixed development with bungalows, semi-detached houses, superlink houses, luxury condominium and commercial units with design featuring a distinctive lifestyle in Malaysia with the combination of city colours festival and islander holiday retreat livings.Key design concepts for this development would emphasis on waterfront residences, gated and guarded community, family oriented club house and neighbourhood, venues for festivals and city activities.Spread over a development period of 5 years, this project has an estimated GDV of about RM1.0 billion.
Wednesday, July 14, 2010
MPSepang e-Complaint
Sepang Municipal Council's e-Complaint offers various services to help you communicate and obtain the latest information regarding the problems that you are facing. The complaints will be forwarded to the relevant divisions. The website address is http://aduan.mpsepang.gov.my/index.php
Here is one of the complaint that i logged on Monday, about malfunctioning streetlights. Some actions have been taken to fix it. Good efficiency!
Monday, July 12, 2010
Canal City flood mitigation project in Selangor
Still remember this? a mega project proposed by the previous Selangor state government, involved a flood mitigation project in the form of an 18km-canal linking Sungai Klang and Sungai Langat. However, the new state government, which took over after the March 8, 2008 general election, has decided that there is no need for the flood mitigation project. Taman Putra Prima is just few kilometers away from the proposed project's site. 
Taman Putra Prima is covered by the word 'INLET POND' on the map.
Latest news is Radiant Pillar Sdn Bhd, a 50:50 venture between IJM Land Bhd and Kumpulan Europlus Bhd (K-Euro), which is undertaking the proposed development of the 2,500-acre Canal City land in Selangor, is negotiating with a state government agency to mutually settle the termination of the flood mitigation project for Canal City.
Bolton launches latest phase of townhouses in Taman Tasik Prima
PETALING JAYA: Bolton Bhd on Monday, July 12, unveiled its latest phase of residential homes on its 345-acre mixed development area of Taman Tasik Prima, Puchong in Selangor. This phase comprises 324 units of 3-storey Cascadia townhouses, which offers a lake view, and is built on 10 acres of landscaped leasehold land.The built-up space for each unit starts from 1,600 sq ft on a land area of 24ft x 85ft, and is scheduled for completion in three years.Bolton said that there are two design types of Cascadia homes, with prices starting from RM316,280 for the upper units and RM333,850 for the lower units.“The upper unit is equipped with three bedrooms and four bathrooms, while the lower unit features four bedrooms and three bathrooms. Other features of the Cascadia townhouse a include stylish designs with practical layouts, two parking bays and individual entrances,” the company said in a statement.It added that Taman Tasik Prima has been enjoying capital value appreciation as the mixed development is built around a 200-acre natural lake.“It is Puchong’s premier lake-view residential and commercial development themed as a 'resort-style' living environment with plans to feature amenities such as an open park in each residential precinct, primary and secondary schools, a shopping mall, a police station and a multi-purpose hall,” it said.To date, more than 1,500 units of properties have been sold, while 90% of these units have been completed and handed over. Taman Tasik Prima is easily accessible from Kuala Lumpur, Petaling Jaya, Subang Jaya and Shah Alam via highways.Meanwhile, Bolton has also launched a new sales gallery, Bolton Studio, in Taman Tasik Prima at the end of June, which showcases scale models of the latest properties for sale, including a live show unit of sixceylon – Bolton’s upcoming 33-storey condominium with 215 units in Bukit Ceylon, Kuala Lumpur.“Each scale model come equipped with a state-of-the-art touch screen terminal whereby users can browse and experience a 3D-walkthrough and find out more information about the respective properties including the actual skyline from your desired unit, floor layouts, artists’ impressions and so forth – all at your fingertips,” it said.The gallery is a replica of its main sales gallery Bolton Studio at its headquarters in Symphony House, Dana 1 Commercial Centre, near Ara Damansara in Petaling Jaya.
source: theedgeproperty.com
Sunday, July 11, 2010
Build the station elsewhere, Prasarana told
Residents of Kampung Sri Aman (KSI) Puchong who are on the verge of losing their homes due to the construction of an LRT depot called on Syarikat Prasarana Negara to reconsider the three alternative routes proposed.
KSI action committee secretary Rosman Rashid said the three suggested sites are Tmn Mas Sepang, empty land next to USJ-Shah Alam toll and USJ 24, which are all high-density areas.
“It will be best to relocate it to Tmn Mas Sepang because there is a piece of empty land that belongs to the local council, so Prasarana does not need to acquire any land,” he said.
The alternative route proposed by the villagers will use government land at Tmn Mas Sepang.
“The place surrounded by Tmn Putra Prima, Tmn Saujana Prima, Tmn Puchong Tekali and Tmn Putra Impiana will just need a 2.3km extension from the original route.
“Prasarana has studied it and they should know the place promises a higher ridership.
“They will not need to compensate some 30 households who will lose their homes due to the project,” Rosman said.
The second and third alternative routes, both cater the higher-density areas.
The residents were shocked and puzzled when they were told about the acquisition of their land to build the twelfth station on the Kelana Jaya LRT extension in October 2009.
They were not given notice about the 30 homes being listed on the compulsory land acquisition notice issued by MPSJ.
When they demanded clarifications on how the decision was made, their efforts were in vain.
“They rejected the alternative route as they claimed it will meet some pylons, but aren’t they crossing some pylons at Tmn Puchong Permai too if they stick to their old plan?”
The residents also made it clear that trains should ease the traffic congestion, not worsen it.
“By building (it) in our village, we will suffer a massive jam caused by the traffic flowing in and out everyday.
“Why don’t they just relocate it to a place where roads are wider and land is abundant?”
Prasarana announced recently that it has obtained the approval from Department of Railway to kickstart the LRT extension project by year end.
They were however required to present more information to convince the state government and the residents to endorse their projects.
Their weekly meeting has entered the third week and Prasarana is still requested to furnish more documents as residents from KSA and Saujana Residency are up in arms against the project.
KSI action committee secretary Rosman Rashid said the three suggested sites are Tmn Mas Sepang, empty land next to USJ-Shah Alam toll and USJ 24, which are all high-density areas.
“It will be best to relocate it to Tmn Mas Sepang because there is a piece of empty land that belongs to the local council, so Prasarana does not need to acquire any land,” he said.
The alternative route proposed by the villagers will use government land at Tmn Mas Sepang.
“The place surrounded by Tmn Putra Prima, Tmn Saujana Prima, Tmn Puchong Tekali and Tmn Putra Impiana will just need a 2.3km extension from the original route.
“Prasarana has studied it and they should know the place promises a higher ridership.
“They will not need to compensate some 30 households who will lose their homes due to the project,” Rosman said.
The second and third alternative routes, both cater the higher-density areas.
The residents were shocked and puzzled when they were told about the acquisition of their land to build the twelfth station on the Kelana Jaya LRT extension in October 2009.
They were not given notice about the 30 homes being listed on the compulsory land acquisition notice issued by MPSJ.
When they demanded clarifications on how the decision was made, their efforts were in vain.
“They rejected the alternative route as they claimed it will meet some pylons, but aren’t they crossing some pylons at Tmn Puchong Permai too if they stick to their old plan?”
The residents also made it clear that trains should ease the traffic congestion, not worsen it.
“By building (it) in our village, we will suffer a massive jam caused by the traffic flowing in and out everyday.
“Why don’t they just relocate it to a place where roads are wider and land is abundant?”
Prasarana announced recently that it has obtained the approval from Department of Railway to kickstart the LRT extension project by year end.
They were however required to present more information to convince the state government and the residents to endorse their projects.
Their weekly meeting has entered the third week and Prasarana is still requested to furnish more documents as residents from KSA and Saujana Residency are up in arms against the project.
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