KUALA LUMPUR: Property developer Selangor Dredging Bhd will be launching more niche projects to add to the company’s portfolio of such developments.
The company’s managing director Teh Lip Kim said at a shareholders’ meeting that among the projects slated for launch were 79 superlink homes in a gated area of Taman Melawati, Kuala Lumpur and a serviced apartment block in the Sqwhere commercial project in Sungai Buloh, Selangor.
She said the second phase of the Sungai Buloh project would be launched ion the first quarter of 2015.
Teh said the take up of new projects launched in the financial year ended March 31, 2014 has been encouraging.
The projects launched included The Hub retail and office suites in SS2, Petaling Jaya, the second phase of Windows on the Park condominiums in Bandar Hussein Onn, Cheras and Sqwhere SOVO and retail units.
She said the company achieved sales amounting to RM840mil, of which RM634mil was from developments in Malaysia and RM206mil was from developments in Singapore. As at March 31, the company has a total of RM1.05bil in unbilled sales.
“Construction of our developments in Malaysia and Singapore are also progressing as scheduled,” Teh added.
“In fact, two developments in Malaysia namely Laman Bayu in Puchong and By The Sea on Batu Ferringhi beach, Penang; and two developments in Singapore namely Okio and Hijauan are already at the final stage of construction and will handed over to home owners by the end of this financial year.”