Land & General Bhd (L&G) sees its property division as a major profit contributor, with ongoing projects valued at over RM5 billion and a new Seremban project to launch soon.
The ongoing developments include 8trium, a commercial development in Bandar Sri Damansara with a gross development value (GDV) of RM700 million; The Elements, a RM100 million serviced apartments in Ampang; and the Damansara Foresta condominium in Bandar Sri Damansara worth RM700 million, said Low Gay Teck, Managing Director at L&G.
"We also plan to kick-start a gated residential housing project in Seremban in the fourth quarter of this year," said Low.
In addition, he said that L&G is planning to increase its landbank in prime locations in the Selangor, Klang Valley and Johor.
"We are also trying to venture north to Penang as the property prices at these places are good," he said at a briefing on its high-rise condominium project, Damansara Foresta in Bandar Sri Damansara.
While not divulging the current size of its landbank, Low noted finding ideal land is a challenge for L & G.
Of the 928 units, 50 percent was already sold at the Damansara Foresta freehold condominium while 87-89 percent of the 8trium has been sold as of now.
Astoria Ampang is located in Ampang. The developed dimension for the units are among 560.00 sf. Astoria Ampang is actually a freehold property and includes services including BBQ Area, Playground, Swimming Pool, Cycling Path, Jogging Track, Gym, Wading Pool, Pavilion, Games Room, Yoga Room, you might expect from an exclusive residential. Amenities are in brief distances apart for example Oh Jun Hair Salon, Camys3 Touch (Always About Beauty), H & H Mulia Anggun Saloon, Energy Day Spa, LV Vincent Hair and Beauty Saloon, Lanson Place, Gleneagles Intan Medical Centre, KPJ Ampang Puteri Specialist Hospital, Gleneagles Hospital Kuala Lumpur and BCL Marketing Sdn Bhd. In close proximity attributes include Villa Aman, Tiara Ampang, Permai Seri Apartment, ARTE Plus (SOHO), 325 Persiaran Ritchie, Dataran Ukay, Desa Ukay, M City (Retail), M City (Services Apartment), Ampang Point.
Analysis Astoria Ampang has received numerous good responses. Developer is noted for some other projects for example Taman Sri Endah (Apartment), Seri Mutiara, Winner Court A, Taman Greenview (Semi-D), Palm Terrace, Taman Pisang Mas Jaya, SS17 (Apartment), Sea Range Tower, Metro Villa, Starhill (Bungalow).
Astoria Ampang being in a strategic area where by Cash Converters (Ampang Point), 7-eleven @ Jalan Au 2a/17, Kuala Lumpur, 7-Eleven, Great Eastern Mall and Aeon Maxvalu Ampang are common about can make it an effective residence both for self and investment-stay. Occupants need not be worried about food as Haven Cafe - naturally good food, Giant Hypermarket Bandar Baru Ampang (GHBA), De Palma Hotel Ampang, Victoria Station (Jalan Ampang), Las Carretas Ampang, Alexis Bistro & Wine Bar, Mei Keng Fatt Seafood Restaurant, La Risata, Chalet Suisse and Daidomon are in the most effective comfort for them to look for number of dishes.
Astoria Ampang is a neighbour to other exclusive developments for example Villa Aman, Tiara Ampang, Permai Seri Apartment, ARTE Plus (SOHO), 325 Persiaran Ritchie, Dataran Ukay, Desa Ukay, M City (Retail), M City (Services Apartment), Ampang Point. Parents do not need to be concerned as well as educational institutions are comparatively close to, such as International School of Kuala Lumpur Secondary.Astoria Ampang can be accessible via public transport such as Stesen Putra Lrt Dato' Keramat (kj31), Stesen Putra Lrt Setiawangsa (kj33) and Stesen Putra Lrt Jelatek (kj32).
Situated just off Jalan Ampang , Astoria is located at a nexus of road and rail connections. With the vitality and variety around it, Astoria is quite simply the place to be. Connections • The Ampang-KL Elevated Highway ( AKLEH) • The Middle Ring Road 2 (MRR2) • Jalan Tun Razak • SMART Expressway • Maju Expressway (MEX) or KL-Putrjaya Highway • DUKE Highway
Please check detail information in http://www.astoria-ampang.com.my/
balvin71I went to Astoria sales office. Not yet launch as they are still waiting for approval. Approval is expected to be in a couple of weeks. Overall, great concept and good location. I believe will sell. Phase 3 MRT expected to be near Ampang Point (exact location has not been finalized) and new access to AKLEH being built.
On the launch date, would be good to see the actual number of units booked/sold.
investor88well astorial GDV ard 900m +. as long as they manage to sellout 50% of it, it will be more than the last FY renenue of 500m+. on top of that, they still have unbilled sales in Damansara Foresta condominium and 8trium
Eric FongJust follow the company where it may go...
Eric FongAstoria Ampang is such a good location and good price in klcc area where nearby is above 1000p.s.f but their price is 900p.s.f whereby help buyers create value when they purchase the property from L&G
Eric FongWonder why so long the company not convert any ICULS
balvin71Soon many will start converting. Dividend of 0.02 per share will be proposed at the AGM.
Eric FongHope to have better dividend in future and expect share buy back by company as share too much in the market that will dilute all earning. Unless company get better profit year by year.