Putra Prima Phase 7A

Aquamarine Phase 2C @ Taman Putra Prima

The Aquamarine consist of 150 units of attractive double & three storey terrace homes with built-up sizes between 2,456 sq ft to 3,426 sq ft with dimensions of 22ft x 75ft and 22ft x 72ft. The development boasts a total of 4 trendy and modern designs namely Type A (3-storey terrace homes) and Type B, C, D (2-storey terrace homes). Surrounded by a verdant green terrain, these homes are within walking distance to a 7-acre park.

The highlights of the homes include a 12-feet ceiling height in the living room for the 3-storey homes and a 13-feet ceiling height for the 2-storey units. Conceptualised to offer luxury living standards at affordable rates, Aquamarine presents spacious bedrooms with en suite bathrooms, a lanai for corner units, balconies that offer a sweeping view of the panoramic surroundings, large masterbedrooms on the second floor of the 3-storey units complemented by a private sitting area and covered decks for a leisurely experience. The homes offer top quality finishing and fittings with ample space for privacy and peace. The phase comprises 50-feet wide internal roads that provide easy movement and single-entry concept.

Aquamarine is priced from RM956,000 onwards for Double Storey homes with a built-up size of 2,456 sq ft and RM1.22 million onwards for 3 Storey terrace homes. Launched in March 2015, the development is scheduled for completion in March 2017.

Phases in Taman Putra Prima - Update 2013

The total amount of houses in Taman Putra Prima is 2785 units not including 6A.

Phase 6A – 2013
45 units three storey link houses (24'/25' x 70')
60 units double storey link houses (24'/25' x 70')

Phase 8B – 2010
62 units 2.5 storey link houses (22' x 65')
186 units double storey link houses (22' x 65')

Phase 8A – 2009
197 units double storey link houses (22' x 65')

Phase 9A & 9B - 2008
72 units 2/3 Storey Shop/Office (22' x 60')

Phase 4B – 2008
224 units double storey link houses (22' x 75')

Phase 3C – 2008
22 units double storey link houses (25'x80')

Phase 4A – 2006
220 units double storey link houses (22' x 75')

Phase 2D3 - 2005
32 units 2/3 Storey Shop/Office

Phase 4C - 2005
180 units double storey link houses (20' x 70')

Phase 4D – 2004
208 units double storey link houses (18 x 65)

Phase 2D2 - 2004
16 units 2/3 Storey Shop/Office

Phase 3A- 2003
126 units double storey link houses (20’ x 65’)

Phase 3B – 2003
309 units double storey link houses (20' X 70' & 20' X 80')

Phase 2B - 2002
221 units double storey link houses (20' X 70' & 20' X 80')

Phase 2D -2002
16 units Of 2/3 Storey Shop/Office

Phase 2E - 2001
311 units double storey link houses (22' x 65')

Phase 2A - 2000
322 units double storey link houses (20'x70')

Phase 1B - 1999
91 units double storey link houses (20'x70')

Phase 1A - 1999
106 units double storey link houses (20'x70')

New Phase to Breach the RM1 million mark

Local plan: Taman Putra Prima, X2 Residency, The Peninsular Puchong

 

 

 

 

 

 

Although this local plan is not the latest plan, and subject to change in the future, but this will give you a rough idea of how this place going to be developed.

Best wishes to everyone in 2013!

 

 

 

 

 

 

 

Phase 7A - 448 Units of Low-Cost Apartments

4 blocks of 5-storeys low-cost apartments

Taman Putra Prima Phase 2C



Low-Cost Apartment In The Pipeline

Phase 7A - 448 units of low-cost apartments

Plenitude 4Q net profit down 19.5% to RM22.2m

KUALA LUMPUR: Plenitude Bhd's net profit for the fourth quarter fell 19.5% to RM22.2 million from RM27.60 million a year earlier due mainly to lower progressive profit recognised on properties sold, completed and handed over.
It said on Tuesday, Aug 23 that revenue for the quarter fell to RM75.92 million from RM107.59 million in 2010. Earnings per share was 8.20 sen compared to 10.20 sen in 2010, while earnings per share was RM2.91.
For the financial year ended June 30, Plenitude’s net profit rose to RM89.59 million from RM84.19 million on the back of revenue RM317.89 million.
Plenitude executive chairman Chua Elsie in a statement Aug 23 said that the profit for FYE 2011 was attributable to good demand and higher selling price per unit of its existing projects in Puchong, Johor Baru, Penang and Sungai Petani.
Chua said for the reporting year, Plenitude launched three (3) phases within its Puchong, Johor Baru and Sg. Petani mixed residential projects.
She said the latest phase of Taman Putra Prima, Puchong spearheaded the strong performance this year where a total of 248 units of double storey and 2 ½ storey terrace houses were fully sold.
Taman Desa Tebrau, Plenitude’s flagship development in Johor Baru recently launched 55 units of bungalows and currently registering a take up rate of 70%, she said.
Chua said Plenitude’s maiden luxury project in Penang, Bayu Ferringhi had been completed, delivering 112 units of condominium and 38 units of semi detached homes.
“Sales for our townships in Sungai Petani, Kedah mainly Bandar Perdana and Perdana Heights (Lot 88) properties also continue to rise.
“With the current demand pushing up prices, we are offering very affordable well designed 1 ½-storey terraced houses and double-storey terraced houses to meet expectations of first time buyers” said Chua.

source: TheEdge

Plenitude records net profit of RM 24.8 million

KUALA LUMPUR: Plenitude Bhd recorded a revenue of RM86.8 million and net profit RM24.8 million for its second quarter ended December 31, 2010 (2Q 2011), compared to a revenue and net profit of RM109.4 million and RM23.1 million posted a year ago. The improved financial performance was mainly due to progressive profit recognised on properties sold, completed and handed over of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor, Bayu Ferringhi in Penang and Bandar Perdana & Lot 88 in Kedah, it said on Wednesday, Feb 23 in a Bursa announcement.
According to Plenitude’s Executive Chairman Madam Chua Elsie, the strong demand and return of consumer confidence in the property market has benefited Plenitude, particularly its properties in Puchong, Johor and Penang which contributed substantially to this quarter’s performance. “During this reporting quarter, our development in Puchong namely Taman Putra Prima did exceptionally well. The high demand was for our recent launch, Phase 8B which consists of 248 units, out of which 186 units are double storey terrace houses and 62 units are 2 ½ storey terrace houses. Our initial launch of 96 units by way of balloting set a record sale for our subsidiary where all the units were sold out during that weekend. Subsequent openings resulted in equally good responses and currently we only have a limited number of intermediate lots of 2 ½ storey terrace house priced at RM 650,000 each. We are of course extremely pleased and driven by these developments,” added Madam Chua.

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

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

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.

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.”

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.”

source: TheStar

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.

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

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.

Phase 8B to be launched tomorrow

Type A (Intermediate 2895 sq.ft. Corner 3273 sq.ft)

Type B (Intermediate 2331 sq.ft Corner 2660 sq.ft)

Type C & D (Intermediate 2139 sq.ft Corner 2437 sq.ft)

source: Plenitude Permai Sdn Bhd 03-80682006

Phases in Taman Putra Prima

Had you ever asked yourself how many phases in Putra Prima? Amount of houses in each phases? When the phases started? The total amount of houses in Taman Putra Prima is 2340 units not including 8A and 8B. Below is some information about this.

Phase 8B – 2010
248 units

Phase 8A – 2009
197 units double storey link houses (22' x 65')

Phase 9A & 9B - 2008
72 units 2/3 Storey Shop/Office (22' x 60')

Phase 4B – 2008
224 units double storey link houses (22' x 75')

Phase 3C – 2008
22 units double storey link houses (25'x80')

Phase 4A – 2006
220 units double storey link houses (22' x 75')

Phase 2D3 - 2005
32 units 2/3 Storey Shop/Office

Phase 4C - 2005
180 units double storey link houses (20' x 70')

Phase 4D – 2004
208 units double storey link houses (18 x 65)

Phase 2D2 - 2004
16 units 2/3 Storey Shop/Office

Phase 3A- 2003
126 units double storey link houses (20’ x 65’)

Phase 3B – 2003
309 units double storey link houses (20' X 70' & 20' X 80')

Phase 2B - 2002
221 units double storey link houses (20' X 70' & 20' X 80')

Phase 2D -2002
16 units Of 2/3 Storey Shop/Office

Phase 2E - 2001
311 units double storey link houses (22' x 65')

Phase 2A - 2000
322 units double storey link houses (20'x70')

Phase 1B - 1999
91 units double storey link houses (20'x70')

Phase 1A - 1999
106 units double storey link houses (20'x70')

Plenitude’s net profit eases by 29.3% in 3Q2010

KUALA LUMPUR: Plenitude Bhd’s net profit eased by 29.3% to RM21.714 million in the 3Q ended March 31, 2010, compared with RM30.709 million in the same period last year.
Revenue declined by 33.2% to RM74.801 million in the quarter under review from RM112.002 million over the same quarter last year.
However, the group’s profit before tax for the nine months ended March 31, 2010 has improved to RM77.7 million from RM76.6 million for the previous year’s corresponding period.
“The good financial performance was mainly attributable to progressive profit recognised on properties sold, completed and handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor, Bayu Ferringhi in Penang, Changkat View in Sri Hartamas, Kuala Lumpur and Bandar Perdana and Lot 88 in Kedah,” Plenitude said.“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 current year ending June 30, 2010,” it added.

source: TheEdgeProperty.com 27 May 2010

A new substantial shareholder enters

Singapore-based Fields Equity Management has emerged as a new substantial shareholder in Plenitude since April 23, 2010, after acquiring the entire stake previously owned by long-time shareholder Ms Ong Bee Kuan in an off-market transaction. The deal was done at RM2.54 or a 14.5% discount to the share’s closing price that day (The Edge).
Ms Ong was a passive investor. Ms Ong had been a substantial shareholder in Plenitude since the IPO days in 2003, and had made limited changes in her stake since then. As she is a passive investor and was not in any way, directly or indirectly, involved in the management of Plenitude, her exit will therefore have no material impact on the company’s management structure and prospects. Although the disposal price represented a significant 49% discount to Plenitude’s NAV of RM5, we view Ms Ong’s stake disposal as a move to realise profit from her investment in the company, as the shares were at a significant 60% premium to the IPO price of RM1.60. Ms Ong is known to have been a businesswoman since 1997. She was a minority shareholder of The Nomad Group (not rated), another listed real estate company, until she cashed out from the company recently.
Who is Fields Equity? Other than the fact that it was incorporated in the British Virgin Islands with an office in Singapore, little else is known about Fields Equity Management as
checks with the management also drew a blank. Having said that, we believe Fields is a private-equity firm which probably has notable figures behind it. How the entry of this new substantial shareholder may affect the composition of Plenitude’s management team and the company’s direction and prospects, however, remains to be seen.
Taking the opportunity to upgrade to TRADING BUY. We have been contemplating an upgrade on Plenitude’s fair value for some time as we believe that a broad sector rebound starting from late 2010/early 2011 will soon spur investment interest in fundamentally-sound and still-undervalued property stocks. As we also believe that most mid- to big-cap stocks have somewhat fully priced in the anticipated rebound, value can now only be found in the smaller cap property stocks such as Plenitude as they are trading at a significant discount even to the mid-cap ones. When the 2011 rebound comes, the risk premium on smaller cap stocks is likely to fall and the valuation gap narrow. Using the current valuation of certain small-mid cap stocks such as Glomac and KSL Holdings as a benchmark (see Figure 1), we now value Plenitude at 0.71x CY2010 P/NTA, which gives the stock a new CY2010 target price of RM3.84 (from RM2.81 based on 0.52x CY10 P/NTA previously). The upgrade is also supported by the company’s anticipated strong earnings growth, robust balance sheet with a net cash of RM1.82/share, and the fact that it is current trading at a significant 39% discount to its NAV.

source: OSK Research 04 May 2010