Oriental Interest Bhd (OIB) plans to launch Phase 3 the last phase of terraced homes of Myra Alam in Puncak Alam, Selangor, in March.
According to head of marketing and branding Ken Goh, buyers’ lifestyles and preferences change overtime, so the concept for these homes is based on individuality, whereby the developer will provide customisable layouts to suit the current trend.
“These homes will have larger built-ups than in previous phases. They will come with a bedroom on the ground floor that can be converted into a home office, study, or media or theatre room,” he says.
Occupying a four-acre leasehold parcel, Phase 3 has a gross development value (GDV) of RM44.1 million and will comprise 65 two-storey terraced homes. Due for completion in 2023, the 4-bedroom and 3-bathroom units will measure 20ft by 70ft or 22ft by 70ft, with built-ups of 2,002 to 2,396 sq ft. Prices start from RM554,000.
KUALA LUMPUR (Feb 9): Oriental Interest Bhd (OIB) is eyeing to acquire a piece of land measuring 59,745 sq metres in Klang for RM64.31 million.
The group said the acquisition of the freehold land from Gabungan Efektif Sdn Bhd would complement its existing development around the Klang Valley.
“The proposed acquisition is also in line with the group’s overall plan to increase its land bank in strategic areas (where the group can leverage on its extensive experience in building mixed-use developments), given the opportunities available in the current market condition,” the group said in a filing with Bursa Malaysia.
OIB said the purchase consideration will be satisfied by internally-generated funds or bank borrowings.
KUALA LUMPUR (Feb 9): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Feb 10) include: Sarawak Consolidated Industries Bhd, Mitrajaya Holdings Bhd, Top Glove Corp Bhd, Supermax Corp Bhd, Eonmetall Group Bhd, LKL International Bhd, Gets Global Bhd, Dialog Group Bhd, Berjaya Food Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Teo Seng Capital Bhd, Oriental Interest Bhd, Genting Malaysia Bhd, AirAsia Group Bhd, Sapura Energy Bhd and Scomi Energy Services Bhd.
Sarawak Consolidated Industries Bhd’s units have bagged contracts worth RM821.32 million in Malaysia and Qatar for engineering, procurement, construction and commissioning (EPCC) projects. The first contract is for an EPCC project in Kuching worth RM421.97 million for the proposed mixed development in the Muara Tuang Land District and part of River Bank reserve, with an expected duration of 108 months. The second contract is for an EPCC contract in Qatar worth US$98 millio
KUALA LUMPUR (Jan 13): The main index at Bursa Malaysia shrugged off movement control order (MCO) jitters and climbed in early trade Wednesday, with gains led by Public Bank Bhd. At 9.05am, the FBM KLCI rose 14.40 points to 1,626.44. The early gainers included Public Bank, KESM Industries Bhd, Malaysian Pacific Industries Bhd, Pharmaniaga Bhd, UWC Bhd, Hong Leong Bank Bhd. Oriental Interest Bhd, Kuala Lumpur Kepong Bhd, Tenaga Nasional Bhd and LTKM Bhd.
KUALA LUMPUR (Jan 11): The main index of Bursa Malaysia lost 1.29% in the mid-morning today, against a backdrop of pausing regional markets, as local sentiment stayed tepid on lockdown fears in Malaysia.
The benchmark index was also pressured as index-linked glove makers Hartalega Holdings Bhd and Supermax Corp Bhd dragged.
At 10am, the FBM KLCI had lost 20.75 points to 1,612.44.
Market breadth was negative with losers outpacing gainers by 640 to 341, while 386 counters traded unchanged. Trading volume was 2.451 billion shares valued at RM1.89 billion.
The losers included CN Asia Corp Bhd, Oriental Interest Bhd, Hartalega, Heineken Malaysia Bhd, Supermax, Nestle (Malaysia) Bhd, TIME dotCom Bhd, Malayan Banking Bhd (Maybank) and Malaysian Pacific Industries Bhd.