Press Releases


5 July 2012

LIFESTYLE OF HEALTH AND SUSTAINABILITY IN BESTARI JAYA

Shah Alam, Thursday: Kumpulan Hartanah Selangor Berhad (KHSB), a listed property arm of Kumpulan Darul Ehsan Berhad (KDEB); signed a Memorandum of Understanding (MoU) with Sun Lohas Group Limited (Sun Lohas), a company incorporated in Hong Kong; for the purpose of carrying out a financial and legal due diligence as well as feasibility study for the proposed development of 4,976 acres of land in Bestari Jaya, Selangor.

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5 July 2012

PULAU INDAH EAST INTEGRATED TOWNSHIP

Shah Alam, Thursday: Kumpulan Hartanah Selangor Berhad (KHSB), a listed property arm of Kumpulan Darul Ehsan Berhad (KDEB); signed a Memorandum of Understanding (MoU) with Norzakiah Architect, an Architectural Consultancy Services firm; for a proposed master plan to develop 1,196 acres of land in Pulau Indah East, Selangor.

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27 June 11

KUMPULAN HARTANAH BUILDING ON STRONG FOUNDATION

"Kumpulan Hartanah Selangor Berhad (KHSB) is progressing steadi;y as a property developer despite the recorded loss for the year 2010. Hartanah Selangor registered a loss of RM35.1 million for the year under review, mainly attributable to provisions for impairment of certain assets" said Hartanah Selangor Chairman YM Raja Idris Raja Kamarudin at the Company's 9th Annual General Meeting held today.

"Hartanah Selangor will continue to exercise financial discipline, be focussed and innovative and to adopt the necessary measures to improve operational efficiencies" added YM Raja Idris.

Hartanah Selangor will focus on the Selangor Halal Hub Pulau Indah (SHHPI) in light of the increase in global demand for Halal products. SHHPI is a centre capitalizing on the halal standard guidelines and regulations and is strategically located close to West Port, Port Klang that links to 500 ports globally by major international shipping lines. The project which was planned to be developed in 3 phases has to date contributed a total gross development value (GDV) of RM200 million to the Group's turnover.

A total of 300 acres of Phase 1 has been successfully completed and sold out. The infrastructure works for Phase 2 which covers an area of 400 acres are in progress and expected to be fully completed by June 2012. As of to date, a total area of 121 acres of Phase 2 valued at RM105 million have been sold to investors. SHHPI Phase 3 covering about 300 acres will be the next in the pipeline. The GDV for the remaining industrial lots for SHHPI is about RM280 million.

Another project which has been scheduled to take-off this year is the development of 99 units of single-storey shuops in Bandar Baru Salak Tinggi which will generate a GDV of about RM25 million.

In line with the philosophy of building on strong foundation, Hartanah Selangor will focus on strenghthening and expanding the property development business. The Group's decision to purchase the 9.6 acres of prime commercial land in the heart of Petaling Jaya is indeed a very good move and visionary. The developement, which consists of shopoffices, SOHO, office tower and service apartments will contribute a total GDV of more than RM800 million to the Group turnover over the next five years.

Hartanah Selangor is the public listed arm of Kumpulan Darul Ehsan Berhad (KDEB), the Selangor State investment arm.

17 June 10

KUMPULAN HARTANAH GEARED TO MOVE FORWARD

"Kumpulan Hartanah Selangor Berhad (KHSB) has registered a net profit of RM27.110 million on the back of RM125.123 million revenue for the year ended 31 December 2009. This compared favorably against the net loss of RM35.025 million in 2008 from revenue of RM92.358 million", said KHSB's Chairman YBhg Dato' Hj. Karim Munisar at the Company's 8th Annual General Meeting held today.

KHSB will focus on Selangor Halal Hub Pulau Indah (SHHPI) in the light of the increase in global demand for Halal products. SHHPI is a centre capitalizing on the halal standard guidelines and regulations and is strategically lcated close to the West Port that links to 500 ports globally by major international shipping lines. Total development of the SHHPI covers an area of about 1000 acres. Phase 1 of the SHHPI comprising of about 300 acres have been fully sold and will be the catalyst for Pulau Indah development. SHHPI will be the first Halal Hub One Stop Centre in Malaysia. Its adminstrative centre comprising of exhibition hall, adminstration offices, information and service centre.

Phase 2 of the SHHPI with an area of 400 acres is currently being developed and is expected to be completed by 2012. As of todate, a total area of 85 acres of Phase 2 of the SHHPI have been sold or booked by investors. Following which, Phase 3 of the SHHPI, covering some 300 acres will be developed in the near future. SHHPI is an Accredited Halal Park by the Halal Industry Development Corporation (HDC) since 15 August 2008 where investors are eligible for special tax incentives like investment tax allowances of up to 100% of qualifying capital expenditure within a period of 10 year. This allowances can be set off 100% of statutory income for each year assessment or exemption on statutory income from export sales for 5 years, subject to HDC Standard and Guidelines, these incentive will attract more investors to SHHPI.

KHSB is also in the midst of finalizing the acquisition of the very last piece of prime development land in the heart of Section 14 Petaling Jaya featuring mixed development of high end commercial and residential components. Also in the pipeline is a mixed residential project in Salak Tinggi. Both projects will put the Group in a strong earning position in the years to come.

As a strategic move to unlock value from the idle land, the Group is also embarking into mineral extraction business as part of an integral plan and development to generate positive earnings before the non strategic land is deemed suitable for future property development projects.

KHSB is the property company of Kumpulan Darul Ehsan Berhad, the Selangor State investment arm.

 

18 June 09

KUMPULAN HARTANAH selangor berhad's transformation plan for sustainable returns

"KHSB through its subsudiary, Central Spectrum (M) Sdn Bhd (CSSB) is actively promoting Pulau Indah as an Investment and Tourism destination. KHSB's focus shall be on industrial properties particularly the Selangor Halal Hub Pulau Indah (SHHPI), the first one-stop Halal Hub in Malaysia", said KHSB's Executive Chairman, YBhg Dato' Hj. Adbul Karim Bin Munisar in a briefing to the media at its 7th Annual General Meeting held today.

The phase 1 of SHHPI comprising of 220 acres with Growth Development Value (GDV) of RM133 million has been fully sold. The SHHPI phase 1 is expected to bring in direct investment of RM1.055 billion in Pulau Indah with new job opportunities to be created for more than 2,000 people. Amongst the major players operating in SHHPI include Ramly Food Industries Sdn Bhd, FELDA, MARA and PML Diaries.

CSSB has completed the reclamation works for Phase 2 of the SHHPI which encompasses approximately 244 acres industrial land with GDV of more than 234 million. Meanwhile negotiations with potential investors are still on-going and expected to conclude sale of RM70 million this year.

Furthermore, the construction of the South Klang Valley Expressway (SKVE) is also expected to further enhance the accessibility of Pulau Indah and will be a catalyst of growth for Pulau Indah development.

Being one of the property companies in Klang Valley with huge land banks namely in Selangor, KHSB together with the state agency is also looking into embarking in sand and minerals exploration and exploitation which shall contribute significant sustainable returns to improve the cashflow to the Company in the future.

With that, KHSB is acquiring and working in developent plan in strategic prime areas, which include Section 14, Petaling Jaya. The proposed development concept is based on a combination of office towers, service apartments and commercial retail/shopping area with an estimated GDV of RM600 million. This development is expected to contribute sustainable return to the Group's future earning and more importantly, will enhance its corporate profile as the "developer of choice". We are in the midst of finalizing the product development for this particular development project prior to submitting it to the local authorities for approval.

KHSB is the property arm of Kumpulan Darul Ehsan Berhad, the Selangor State Investment Arm, registerd a revenue of RM96.126 million, a decrease of RM144.723 million or 60.08% compared to RM240.852 million in the previous year. KHSB recorded a loss before tax of RM35.120 million compared to an operating profit of RM40.831 million in the previous year. The dip in profit was due to the full provision made on long term receivables incurred by subsidiary of KHSB.

 

29 July 08

feng shui and property market talk by experts at templer park

For most people their home is their biggest investment, not only financially but emotionally as well. Staging your property with feng shui principles can increase visibility and distinguish your home from all of the others. Feng shui as a science can affect the physical, mental, emotional and the spiritual level of an individual. It is not surprising that many people around the world including real estate developers embrace feng shui elements as it beautifully incorporates small changes which they believe will lead to major changes in life.

And Prof. Master David Koh, a top practitioner, lecturer and researcher in feng shui will impart his vast 35-years of knowledge in feng shui to you at the Launch of templer Park Resort Homes by Kumpulan Hartanah Selangor Berhad (KHSB) this Sunday, 3rd August 2008 at Templer Park Resort Selayang.

A lecturer in University Shangai China, Prof. Master David Koh is the Founder of the Malaysian Institute of Geomancy Science (MINGS), a society involved in research and teaching of feng shui. he is also probably the only Chinese feng shui master with extensive knowledge on Muslim geomancy called Tiang Seri, Tajul Muluk and Ilmu Ramal and has given many talks on these subjects.

Templer Park Resort Homes consists of Templer Anggun and Templer Lagenda, fine Semi-Detached and Bungalow homes respectively, situated on an exclusive, matured and strategic 454 acres undulating rainforest sanctuary living nestled in the quiet and lush greenery residential area of Selayang, Kuala Lumpur.

"Early birds" purchaser special promotion includes among others special savings of between RM40,000 to up to RM100,000 while an introducer gets an incentive of RM8,000.

There will also be a property Market talk by Mr. Ho Chin Soon, a fellow of the Institution of Surveyors and one of the consultants involved in the making of the Iskandar Development Region, Johor.

 

19 June 08

Kumpulan hartanah selangor aggressively eyeing prime areas

19 June 2008; Shah Alam - Kumpulan Hartanah Selangor Berhad (KHSB) - the property arm of Kumpulan Darul Ehsan Berhad, the Selangor State investment arm - is vigorously identifying, acquiring and developing strategic land(s) for profitable development to strengthen its cash flow. KHSB has purchased a 9.6 acres of land strategically located at Section 14, Petaling jaya along the busy Federal Highway, demonstrating the company's paradigm shift to rebrand KHSB as a serious property player focusing on boutique developments.

YBhg Dato' Hj. Abd Karim bin Munisar, KHSB's Executive Chairman, in a briefing to the media at its 6th Annual General Meeting held today said, "We are in the midst of looking into product development for this particular parcel prior to submitting it to the local authorities for approval by the third quarter of this year and hope to embark on registration exercise to interested public by the fourth quarter."

The development plan comprise of approximately 1900 units of service apartments and commercial complexes with an estimated GDV of RM600 million.

Dato' Abd Karim Munisar added, "With Selangor being the melting pot of Klang valley we are confident that out Templer park Resort and Section 14 PJ projects slated for Launch later half of this year and early next year respectively shall further contribute significantly to the Group's Profit After Tax."

KHSB Group has recorded total revenue of RM240.852 million and registered profit before tax of RM40.831 million for the financial year 2007 compared to RM11.934 million the previous year. As an integral part of turnaround plan for KHSB, the rationalization cum merger and acquisition exercise namely the disposal of hotel property and operations contributed a net gain of RM28.237 million to the Group. Other contributing initiatives included the disposal of non-strategic assets, sale of stocks and new products.

"KHSB has for the last 22 consecutive years turned-around from loss-making to profitable property company, recording profits in 2006 and 2007," he added.

Dato' Abd Karim Munisar is confident that whilst Malaysian economy is starting to stress from the impact of internal inflationary factors especially where construction costs are rising and materials and labur costs climb that are squeezing profit margins in the property sector resulting in many developers put on a short-term hold on new projects, KHSB views this positively as a market with fewer starts can be a market where demand outstrips supply.

KHSB plans to launch its high-end Templer Park Resort semi-D (Templer Anggun) and bungalow (Templer Lagenda) projects later half of 2008, providing a GDV of RM48.2 million and RM20.1 million respectively.

KHSB will also focus on the increased demand for industrial properties in Selangor Halal Hub in Pulau Indah, a one-stop Halal Hub centre that capitalizes on the halal standard guidelines and regulations strategically located near West Port that links to 500 ports globally by major international shipping lines. The increased demand for industrial properties in Selangor halal Hub, Pulau Indah has generated a GDV of RM133 million.

All of Phase 1 at the Selangor halal Hub of about 220 acres have been fully sold which will be a catalyst of growth for Pulau Indah when the plants are fully commissioned by investors by year 2010. Reclamation works on the 2nd Phase which encompasses approximately 244.44 acres are almost completed and will be made available for new investors soon with and estimated GDV of more than RM200 million.

KHSB's Cyber Valley Commercial Centre comprising of shop offices located in the vicinity of Cyberjaya and Putrajaya was completed 1 year ahead of schedule and its Phase 2 is expected to be completed by end of 2008 which will also be a year ahead of schedule.

 

06 Feb 08

KDEB Strengthens Its Property Sector

Shah Alam, 6 February 2008 - Kumpulan Darul Ehsan Berhad (KDEB), the investment arm of the Selangor State Government, today stamped its mark as an aggressive leading GLC with the purchase of 9.6 acres land from Majlis Agama Islam Selangor (MAIS). The RM50million Sale & Purchase Agreement was signed by YBhg. Dato' Hj. Abd Karim Munisar, President of KDEB and Y.A.D. Dato' Setia Hj. Mohamad Adzib Mohd Isa, Chairman of MAIS.

The purchase of the land, strategically located at Section 14, Petaling Jaya along the busy Federal Highway, demonstrates KDEB's paradigm shift in vigorously identifying, acquiring and developing strategic land(s) for profitable development to strengthen the company's cash flow. Other initiatives include the disposal of non-strategic assets, sale of stocks and new products.

KDEB's property arm, Kumpulan Hartanah Selangor Berhad (KHSB) will undertake to develop the land. With KHSB's previous accomplishments such as the completion of Astaka Heights ahead of schedule, KDEB believes that KHSB will repeat its success with the Petaling Jaya land development, whereby the first phase is expected to be launched in the 4th quarter of 2008. KHSB is also the developer of Cyber Valley Commercial Centre, phase 1 of which is fully completed and sold giving KHSB a GDV of RM15.4million and phase 2 is 90% completed and sold, with an estimated GDV of RM16.5million. Other projects by KHSB are Templer Lagenda offering nine units of luxury bungalows with a GDV of RM20.1million and Templer Anggun with 56 units of high-end semi-d houses with a GDV of RM48.2million, both located in the cool and serene surroundings of Templer Park.

The Group will continue to focus on lands located in high growth areas as well as develop Pulau Indah as a port city ideal for investment and tourism. Phase 1 of Pulau Indah consisting of industrial land and shop offices with a total gross area of 835.65 acres has been sold out. Total sales is valued at RM519million. Phase 2 is made up of light and medium industries most of which has been sold out, has a total gross area of 973.48 acres with total sales value of RM486million.

KHSB has since been listed as the "Top 20 Gainers by Percentage in 2007" by KLCI. Its share price has recorded a high of RM1.32sen at 31st July 2007 with a market capitalisation of RM594million from RM0.145sen at 19th December 2006 with a market capitalisation of RM65million.