Press Release : UEM Land eyes more land

KUALA LUMPUR: UEM Land Holdings Bhd is looking at expanding its land bank in areas like the Klang Valley, said managing director/chief executive officer Datuk Wan Abdullah Wan Ibrahim.

“We have a serious strategy in identifying new revenue streams. We are now active in looking for land outside Nusajaya, Johor, to supplement our income,” he said after the company AGM yesterday.

Wan Abdullah said the vision going forward was to make the company less Nusajaya-centric.

“To be a national player, we must have projects not just in Nusajaya and need to have exposure elsewhere. There are discussions currently and we have also received proposals from Penang,” he said.

The company currently has 3,200ha in Nusajaya which are yet to be developed while in Cyberjaya, it has about 39.2ha.

Meanwhile, its chairman Tan Sri Ahmad Tajuddin Ali said UEM Land expected this year to be better than last year.

He said the company planned to launch a new project – Symphony Hills – in Cyberjaya next month.

“The high-end project will consist of six phases and has an estimated gross development value (GDV) of RM1.01bil,” he said.

He said the company also planned to launch 480 houses in Nusa Bayu project in Johor in September.

“Nusa Bayu is a residential project comprising 4,942 houses with a GDV of RM800mil,” he said.

UEM Land’s pre-tax profit for the financial year ended Dec 31 rose to RM129.6mil from RM75.7mil the preceding year. Its revenue, however, fell to RM403.1mil from RM511.6mil previously. — Bernama

Symphony Hills - Website Information

Symphony Hills Cyberjaya, latest development by UEM Land will be launched next month, July 2010. For more information, you may refer to the official website.
Symphony Hills : Concept

Symphony Hills : Landscape

Symphony Hills : Architecture

Symphony Hills : Security

Symphony Hills : Clubhouse

Symphony Hills : Location Map