The Property Development Unit’s key focus for the year under
review was the continued handing over of vacant possession to
buyers of Hampshire Residences. Hampshire is a high-end, luxury
condominium consisting of 388 units, located within walking
distance from the PETRONAS Twin Towers.

In addition to Hampshire, PDU has been actively sourcing for
prime and secondary location land with growth potential in 5-10
years time.
We are in the midst of further strategising our market entry and
positioning; either as a high-end, Klang Valley based developer
or to also consider building our land bank in new rapidly growing
areas.

Our 50% owned entity, Essential Amity Sdn. Bhd., is currently
undertaking a housing project in Semenyih with an expected
GDV of RM34 million. The 1st phase of 24 units of Semi-Ds
and 2nd phase of 26 units of three-storey terrace houses have
been completed and handed over to buyers. The 3rd phase of
Superlink Semi-D homes is currently in progress.

At present, we remain open to developing projects by ourselves
or via joint-ventures partnerships with landowners and other
developers. Barring any unforeseen circumstances, PDU looks
forward to being more active in the upcoming financial year.