With manufacturing segment remaining the core activity within the Group, the Board had decided to diversify the Group's business activities into property development & construction industry as one of its growth strategies. In year 2018, The Group had obtained shareholders' approval on the diversification into Property Development and Construction segment. The Group's property development and construction segment has grown gradually and steadily since its inception in this segment.

There are currently 4 projects in property development & construction segment. The Pengkalan Hulu project is expected to obtain the Certificate of Completion and Compliance (CCC) by first half of 2019. The construction project in Kelantan was completed in February 2019. The Seberang Prai Utara project had been successfully launched. As for the Hulu Langat project, it is at the planning stage.

The property development & construction segment will continue to explore the opportunity in the development of the affordable housing scheme for the near-term. This segment will adopt a more careful and prudent strategies in developing the high-medium and high-end housing development projects. It will also explore the opportunity in the non-residential development especially in the development of the technology base factories for the high technology industries in line with the expected growth in the high technology manufacturing sector in Malaysia.

 

Property Development

 
 

Tasek Gelugor, Penang

Single-Storey Terrace, Medium Cost

Pengkalan Hulu, Perak

Single-Storey Terrace
 
 
 
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