When WCT Holdings Bhd opened its first mall – the Aeon Bukit Tinggi Shopping Mall – in Klang eight years ago, it was a start to a long-term plan to diversify into shopping mall ownership and management.
The company had built retail buildings including The Curve and Tesco Mutiara Damansara, Tesco Bukit Tinggi, Aeon Bukit Indah Johor and Aeon Malacca, so it was a natural progression for the construction outfit.
WCT plans 2 new malls
Eco World plans RM8bil Kota Kemuning township
Eco World Development Group Bhd is planning a second township with a gross development value (GDV) of RM8bil in Kota Kemuning.
In a statement yesterday, the property group said the project called Eco Sanctuary would be a 308.7-acre leasehold project with an “eco” concept.
100 Quarters flattened soon
The 100 Quarters in Jalan Rozario, Brickfields, that was ravaged by vandals and scrap metal dealers early this year will be demolished. Work will start latest by Monday.
Malaysian Resources Corporation Berhad (MRCB) executive vice-president Datuk Dell Akbar Khan said the land owner Property Management Division (BPH), under the Prime Minister’s Department, and the local authority Kuala Lumpur City Hall (DBKL) had given the go-ahead for demolition.
Two more land parcels for bumi developers
Property developer Kwasa Land Sdn Bhd has carved out 10.43 acres in the Rubber Research Institure (RRI) land in Sungai Buloh to be developed by selected pre-qualified bumiputra developers.
Kwasa Land, a wholly-owned subsidiary of the Employees Provident Fund (EPF) and the master developer of the 2,330-acre Kwasa Damansara, said in a statement that the request for proposal (RFP) was for two parcels of land measuring 6.52 acres and 3.91 acres to be developed into residences.
UOA expects steady property demand
UOA Development Bhd, which had sold RM146mil worth of properties so far this year, expects demand to be steady despite concerns about the goods and services tax (GST) and strict lending rules by banks.
“We expect revenue for 2015 to be consistent, taking into account the projects to be launched this year,” said general manager Eugene Lee after the group’s 11th AGM yesterday.