Showing posts with label corporate. Show all posts
Showing posts with label corporate. Show all posts

Wednesday 22 August 2012

BCD Berhad

If you are familiar with this developer (BCD Berhad), you will link it to the new launch Concerto North Kiara, Segambut Dalam, Mont Kiara. This is a summary of what BCB has done so far and how it will grow from here.
Besides of Concerto North Kiara, Segambut, Mont Kiara, it has another 2 projects in Klang valley namely bungalows in Kota Kemuning and Taman Yarl, KL. These 3 projects given a total gross development value of RM2bil and above.  
BCB was a developer particularly in Batu Pahat and Kluang, Johor. The projects on hand include Taman Bukit Perdana, Evergreen Heights and Bandar Putra Indah, BCB Plaza, Prime City Hotel in Kluang and U-Mall in Skudai. It still has a total undeveloped landbank of 800 acres in Johor.
The upcoming launch of BCB is in may be early next year include 151 acres of leasehold land for 513 units bungalow development and 49 shophouses. The land was acquired in 2011 @ RM108mil (16psf) This guarded and gated development will be launched in 4 phases.  The indicative price of the bungalows starts at RM2 million with land area from 6,000 sq ft and built-up areas between 4,500 sq ft and 6,000 sq ft.

Mulpha sold Jalan Sultan Ismail Land @ RM3,300psf


The land was originally reserved  for a proposed Grade “A” office building, known as Menara Mulpha and owned by Menara Mulpha Sdn. Bhd.

Summary of the land :
Land area : 0.72 acres
Location : Jalan Sultan Ismail (one of the highly sought after locations)
Transacted Price :   RM104 million @ RM3,300psf
Date of SPA : October 2011
Purchaser : A company with links to Penang-based Monoland Co Bhd and CA + Associates, which has several notable projects in Penang such as The Cove and Central Park.
Mulpha land along Jalan Sultan Ismail
 Initially, Mulpha acquired the land in 1996 for about RM1,000psf and had plan to build a 23-storey Grade “A” office building with a lettable area of 270,000sf with an estimated gross development value of over RM350 million. The building was Designed by the world-renowned New York architects Kohn Pederson Fox.

Before this impressive transaction value, Sunrise Bhd in 2008 acquire 1.59-acre Wisma Angkasa Raya (land and building) @ RM2,588 psf. On the other hand, a 0.66-acre land in Bukit Bintang was transacted at a record RM7,209psf to Urusharta Cemerlang (KL) Sdn. Bhd.

Due to the scarcity of land in the city center, the land price increased tremendously from year to year.

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