Wednesday, October 22, 2008

Berjaya Land Confident Of Target

Source : The Business Times, October 21, 2008

(KUALA LUMPUR) Berjaya Land Bhd expects to sell over RM300 million (S$126 million) worth of properties in its financial year ending April 30, 2009, its chief executive officer Francis Ng Sooi Lin said. He said the company, which inked a RM150 million deal with Hanju Savanna (M) Sdn Bhd yesterday, has already sold close to RM200 million worth of properties, and it will launch three new development projects soon.

He said the company was confident of achieving its target with the projects in line, namely Berjaya Park in Shah Alam, Taman Semutih high-end bungalows and a condominium in Bukit Jalil.

On its overseas projects, Mr Ng said the company has received the licences to start four development projects in Vietnam worth over US$2 billion. He said the firm has commenced work on a property in Thac Ban City, Hanoi but for others like the Vietnam Financial Centre, Dong Lai mixed development and a university township - construction had yet to start.

He said despite the economic slowdown, property development prospects remained good in Vietnam which has a large population. -- Bernama

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