New Projects for PJ Development
Some big plans are shaping up for PJ Development Holdings Bhd in the near future. Firstly, they have reported a 122% increase in first quarter net profit of RM14.27 million, and are gearing up to launch three new property projects with total gross development value (GDV) of over RM430 million.
According to a report:
Managing director Wong Ah Chiew said yesterday the projects were the RM250 million Swiss Garden Residences, RM150 million Laman Callista project and the Siarah Oakleaf valued at RM30 million.
“The high-end Swiss Garden Residences in Kuala Lumpur is expected to be launched in January next year and scheduled to be completed by 2010. Pre-tax profit margin is expected at 25%,” he said after its AGM where shareholders approved a resolution to nominate BDO Binder as auditors to replace the retiring auditors, KPMG.
Wong said the twin tower 36-storey development comprised 413 designer service suites which would be built next to the Swiss Garden Hotel in Kuala Lumpur.
The luxury Siarah Oakleaf, with a GDV of RM30 million, would be built in Bukit Antarabangsa on a 2.68 acre site with the soft launch scheduled in December.
The Laman Callista project, a gated community of 192 semi-detached homes, will be built on 35 acres of land in Taman Universiti, Pulai, Johor. Its launch is scheduled in the fourth quarter of its financial year 2008.
PJD have many existing development projects across Klang Valley and the country, and some of the ones reviewed by us in Property Malaysia are:
Impian Meridian, USJ1
Laman Oakleaf
Endah Puri
Kensington Park
Hartamas Regency 2
