Thursday, October 21, 2010

Site Progress Photos as at October 2010

Below at the site progress photos for Symphony Hills Cyberjaya as at October 2010. As from the photos, not much of progress can be seen.

Monday, September 13, 2010

[Symphony Hills Cyberjaya] : Site Progress as at 13th September 2010

Here are the latest Symphony Hills Cyberjaya Site Progress Photos as at 13th September 2010. Not much development since last month. Can see workers still some minor work around the site.

Sunday, August 29, 2010

[News] UEM Land Q2 earnings up more than sixfold

UEM Land Holdings Bhd a property developer, said second quarter net profit jumped more than sixfold to RM40.3 million, mainly due to gains from its disposal of Touch 'n Go Sdn Bhd.

The company made a gain of RM25.6 million from selling its 20 per cent stake in Touch 'n Go to PLUS Expressway Bhd for RM33.4 million. The disposal was completed in June this year.

During the quarter ended June 30 2010, the company's revenue grew by 28 per cent to RM88 million, partly driven by higher sales of its industrial land in the Southern Industrial Logistic Clusters.

UEM Land believes it is able to achieve its headline key performance indicators (KPIs) set for this year, which includes an annual revenue growth of 35 per cent and return on equity of 6 per cent, backed by improvement in the property market.

"The group is confident that the property market will continue its recovery in line with the encouraging gross domestic product (GDP) growth achieved by the country for the first half of 2010.

"The property market in Johor generally, and Iskandar Malaysia specifically is expected to further benefit from the recent increase in interest from Singapore.

"We expect the group to benefit from this positive sentiment and will continue to launch new residential projects in Nusajaya, as well as launching new phases of our existing residential projects in Nusajaya and Cyberjaya in the coming months.

"The Group will continue to evaluate opportunities to acquire strategic land parcels outside Nusajaya to expand and grow our business to create sustainable return on investment for our shareholders," it said in a Bursa Malaysia filing yesterday.

The company's share price on Bursa Malaysia declined 4 sen, or 2.38 per cent, to RM1.64. [via]

Tuesday, August 17, 2010

Symphony Hills Cyberjaya : Site Progress as at 17th August 2010

Here are some latest site progress photos taken. Not much construction works are going on now. Some of the show houses are going through some sort of renovation works too.











Thursday, August 5, 2010

News : UEM Land expects brisk Symphony Hills sales

(Business Times) UEM Land Holdings Bhd, the real estate investment and property development arm of UEM Group Bhd, believes its first phase of landed properties launched in Cyberjaya will be snapped up within weeks as homebuyers see value in the properties.

"When one sells, one must sell value," said managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim in Cyberjaya last Saturday.

Its new development, dubbed Symphony Hills, was unveiled to special invited guests on Saturday.

Wan Abdullah said the response has been "very good" so far as there were interested buyers keen to book the properties prior to the official launch.

Based on its opening weekend alone, it has sold more than 40 units valued at about RM60 million.

He said these landed properties are sold for about RM320 per sq ft, which is competitive against its other landed property developers within the vicinity.

However, he believes Symphony Hills offers greater value to its peers because it is based on the "Connected Intelligent Community" platform. It will also have a clubhouse.

"It's like buying a condominium, only that it is a landed property. So, at about RM320 per sq ft, homebuyers should be able to see the value and potential of it," he said.

The company's residential property development project in Cyberjaya will comprise of 450 units of terrace and semi-detached houses, as well as over 500 units of low-rise apartments.

For the first phase, it will only unveil 122 units of landed properties.

Symphony Hills is also the company's maiden project in Cyberjaya.

There will be four designs of houses under the first phase, namely Beethoven, Mozart, Schumann and Schubert.

The Mozart and Schubert units are terrace houses, while the Schumann units are townhouses, and Beethoven units are semi-detached houses which the company calls it as twin villas.

Mozart and Schubert terrace houses come in various sizes, ranging from 3137 sq ft to 3703 sq ft.

The Schumann townhouse comes in studio and duplex units, while the Beethoven twin villas comes in two types: the three-storey Twin Villa with a total built-up area of 5,661 sq ft and the two-storey version (4,620 sq ft).

Wan Abdullah said more and more people are considering living in Cyberjaya these days, as it is now "more convenient" for people to travel to Cyberjaya.