|Future projects of
the Taipan Group Of Companies include the following real-estate projects
which are in various stages of planning:
A 1,428 unit High-End Apartment and 180 unit
Retail Complex on a 15 acre parcel of land at Jalan 224, Seksyen
51A, Bandar Petaling Jaya, Selangor;
|This land was purchased
by the Company and the registration process is on-going. Expected
launch date is 2008.
- A 1500 unit High, Medium and Low –
End Apartments and Shops at Jalan 4, Jalan 18 and Jalan 19 in
Sungei Way, Petaling Jaya;
This land was alienated by the Selangor State Government to the
Company and title issuance is being processed. Expected launch date
- 1248 unit High, Medium and Low – End
Apartments on a 17.65 acre parcel of land at Sungei Besi, Selangor
adjoining the South Lake development undertaken by Country Heights
Bhd as part of its Mines Resort development.
This land was purchased by the Taipan Group and the registration
process is on-going. Expected launch date is 2008.
The land was purchased from Kumpulan Darul Ehsan
for a long-term asset built-up and development plan. No launch date
has been determined to date.The Group shall continue to remain focused
on property development and property related projects only.In this
sense, it shall continuously be on the look-out for viable projects
that can be taken on either through purchase of land or through
joint-ventures with existing land owners without jeopardizing our
cash flow position.