Mar 31 2011 |  |
| Extract from The Edge (29/03/11) KUALA LUMPUR: Metro Kajang Holdings Bhd plans to allocate RM100 million in capital expenditure (capex) for its property development division this year, including the acquisition of new landbank. The group currently has new and ongoing projects in Kajang, Semenyih, Bangsar, Melawati and Kuala Lumpur. These projects carry a total gross development value (GDV) of RM2.1 billion for the next five years, or RM3 billion for the next seven years. “We favor these areas as we are fairly competent in the Klang Valley region. There is potential to acquire more landbank (in these areas) and we have the funds for it,” said group executive chairman Datuk Alex Chen Kooi Chiew yesterday after the group’s annual general meeting. Metro Kajang’s prospect as a property developer is getting brighter. Kenanga Research in a report issued yesterday said the group could be one the key beneficiaries of the Sg Buloh-Kajang MRT line under the government’s Economic Transformation Programme.  |
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