OSK Property to develop 1,400ha land bank

OSK Property Bhd is set to accelerate its property development projects in Malaysia and Australia with a total land bank of over 1,400 hectares worth more than RM18 billion in Gross Development Value.

Among its upcoming launches included the Bandar Puteri Jaya Mall in Sungei Petani which would involve an investment of RM400 million and the "You Cheras City" Mall in Cheras.

Other projects in the planning stage included the two hectare integrated development of a hotel-apartment and retail property in Melbourne, Australia, and a commercial development in Section 13, Petaling Jaya, said Chief Executive Officer Ong Ghee Bin.

He, however, declined to reveal the GDV for the Cheras mall.

Recently, OSK Property purchased 308 hectares of land in Seremban, earmarked for an integrated residential and commercial development with a total GDV of RM3.6 billion, One added.

"We have all the components in place - residential, commercial, retail and even hospitality - and we will strive to enhance and bring this proposition to the next level," he said. - Bernama