Monday, March 20, 2017

Retail Mall/ Soho @ Tasik Prima

Gadang to develop RM160 mil townhouse project in Puchong

KUALA LUMPUR (Jan 12): Gadang Holdings Bhd has entered into a deal to develop a townhouse project with a gross development value of RM160 million in Taman Putra Perdana, Puchong. The builder said its indirect wholly-owned subsidiary, Tema Warisan Sdn Bhd, yesterday inked a joint-venture (JV) agreement with Perikatan Progresif Sdn Bhd for the development on a 17.5-acre (7ha) leasehold land.Perikatan Progresif is the beneficial owner of the land, and under the deal will be entitled to 32% of the net development value, or RM42.688 million, whichever is lower.Tema Warisan, meanwhile, will be responsible for development approvals and activities for the project, comprising 213 residential land parcels and three parcels for power substations.“The proposed JV is expected to be completed within 42 months from the date the building plans approval is obtained from the relevant authorities for the development,” Gadang said in a bourse filing.Gadang’s net profit for the first quarter ended Aug 31, 2016 tumbled 20% to RM 16.62 million, from RM20.86 million a year earlier, on the back of lower revenue as several projects came to completion.As of October 2016, Gadang’s order book stood at RM603.7 million. The group said in November that it had been actively tendering government infrastructure and building projects worth RM5.2 billion.Shares in Gadang rose 0.96% or one sen to RM1.05 sen yesterday, with a market capitalisation of RM672.42 million.
Source: The edge property

Sunday, September 25, 2016

New interchange to ease Puchong traffic congestion


MOTORISTS can now use the elevated interchange from the Damansara-Puchong Highway (LDP) to Jalan Utama 2, Puchong Utama.The road project, which aimed at easing congestion at the Puchong Perdana interchange and Puchong Utama/Dengkil interchanges, was opened to motorists on Saturday.
Southbound motorists can also make a right turn into Jalan Utama 2 and from Jalan Utama 2 onto the LDP.
Selangor Mentri Besar Datuk Seri Azmin Ali who opened the road last Friday said the “semi-diamond” elevated interchange that connects Taman Puchong Utama (east) to Taman Perindustrian Puchong Utama and Taman Maju Jaya (west), would benefit road users in Puchong Batu 14, Puchong Utama and Puchong Perdana.The project cost of RM28,997,559 was borne by MPSJ and 11 developers.The developers were required under Section 8 of the Street, Drainage and Building Act 1974 (Act 133), to contribute to the infrastructure work.The state government loaned the council RM18mil for the project.The 1.5km elevated interchange was approved by the Malaysian Highway Authority (MHA) and works began on Feb 17, 2014 and was completed on Aug 24.
MPSJ Engineering Department deputy director Mohd Haizi Harun said approximately 68,000 road users used the highway daily.