Latest news with #BLand
The Sun
17-06-2025
- Business
- The Sun
Berjaya Land partners Sweden's SIBS to develop RM170m housing project in Nuuk, Greenland
KUALA LUMPUR: Berjaya Land Bhd (BLand) is venturing into a RM170 million gross development value residential project in Greenland, an autonomous territory in Denmark, part of the company's plan to expand internationally and bring its experience in building homes to new markets. Group CEO Syed Ali Shahul Hameed said BLand is preparing to submit the necessary drawings to the local authority in Greenland for official approval. 'We have already received pre-approval, which means a similar design has already been reviewed and agreed upon by the Municipality of Nuuk, Greenland's capital. 'With this positive response, we can now move ahead with developing a detailed building plan. I expect that by next summer, we will be ready to begin actual construction,' Syed Ali said during the signing of a memorandum of understanding with SIBS Sdn Bhd (SSB) today. He said demand from the community for home purchases is very high, reflecting strong local interest and a clear need for new housing in Nuuk. To address this demand, BLand, through its wholly owned subsidiary Berjaya Greenland Invest A/S, has acquired land in Nuuk, aiming to provide high-quality residential apartments designed explicitly for Greenland's distinctive climate and infrastructure requirements. 'There is a shortage of available housing for residents in the area, so demand is high. 'Most of the time, as soon as we launch a project, the units sell out quickly. As for pricing, it is still a bit early for me to provide exact numbers, but generally speaking, costs are quite high, largely due to factors such as the cost of materials, including metal. 'However, I believe this is a strong investment opportunity overall,' Syed Ali said. BLand signed the MoU with SSB, a Sweden-based company with a manufacturing facility in Penang, a global leader in modular housing systems. This partnership aims to deliver efficient, climate-resilient homes through modular construction – a modern approach that enables faster deployment, cost savings and long-lasting quality. Currently, the housing project is still in the planning and design stages, but it is expected to launch soon. Besides making more homes available, the project will bring significant economic benefits, creating new jobs, involving local contractors, and supporting long-term city growth. 'Regarding the timeline for project implementation ... while we anticipate that the core construction phase can be completed within approximately one year, the logistics of transporting materials from Penang to Greenland may extend the overall schedule. 'We are committed to a thorough and efficient approach, ensuring that all aspects of the project are executed to the highest standards, despite the geographical and logistical challenges,' Syed Ali said when asked about the project's timeline. He said this project reflects BLand's broader vision of creating high-quality developments that are efficient, adaptable, and built with long-term impact in mind. 'Modular construction provides an innovative and timely approach, enabling us to deliver homes faster and more cost-effectively while supporting local capacity building.' SSB executive director Lawrence Chua Sue Lin said the company is developing a modular housing project, a relatively new concept for Malaysia. In this approach, homes are prefabricated in a factory, completed to a high standard and then transported to the intended site for assembly. This method is highly sustainable and environmentally friendly, as it significantly reduces reliance on manual labour, minimises construction waste, and shortens project timelines. While traditional high-rise construction can take up to three years, Chua said, modular housing can complete projects in less than a year, thanks to the company's current annual production capacity of up to 12,000 modules. 'However, in practice, a typical project might utilise around 6,000 modules. This innovative system not only accelerates delivery but also supports greener, more efficient urban development,' he added. With a particular focus on transforming Nuuk into a premier destination for recreation and ecotourism, Berjaya Greenland Invest aims to foster local economic growth, address critical housing needs, and create meaningful employment opportunities for the community.
The Sun
16-06-2025
- Business
- The Sun
Berjaya Land partners Sweden's SIBS to develop RM117m housing project in Nuuk, Greenland
KUALA LUMPUR: Berjaya Land Bhd (BLand) is venturing into a RM117 million gross development value residential project in Greenland, an autonomous territory in Denmark, part of the company's plan to expand internationally and bring its experience in building homes to new markets. Group CEO Syed Ali Shahul Hameed said BLand is preparing to submit the necessary drawings to the local authority in Greenland for official approval. 'We have already received pre-approval, which means a similar design has already been reviewed and agreed upon by the Municipality of Nuuk, Greenland's capital. 'With this positive response, we can now move ahead with developing a detailed building plan. I expect that by next summer, we will be ready to begin actual construction,' Syed Ali said during the signing of a memorandum of understanding with Sibs Sdn Bhd (SSB) yesterday. He said demand from the community for home purchases is very high, reflecting strong local interest and a clear need for new housing in Nuuk. To address this demand, BLand, through its wholly owned subsidiary Berjaya Greenland Invest A/S, has acquired land in Nuuk, aiming to provide high-quality residential apartments designed explicitly for Greenland's distinctive climate and infrastructure requirements. 'There is a shortage of available housing for residents in the area, so demand is high. 'Most of the time, as soon as we launch a project, the units sell out quickly. As for pricing, it is still a bit early for me to provide exact numbers, but generally speaking, costs are quite high, largely due to factors such as the cost of materials, including metal. 'However, I believe this is a strong investment opportunity overall,' Syed Ali said. BLand signed the MoU with SSB, a Sweden-based company with a manufacturing facility in Penang, a global leader in modular housing systems. This partnership aims to deliver efficient, climate-resilient homes through modular construction – a modern approach that enables faster deployment, cost savings and long-lasting quality. Currently, the housing project is still in the planning and design stages, but it is expected to launch soon. Besides making more homes available, the project will bring significant economic benefits, creating new jobs, involving local contractors, and supporting long-term city growth. 'Regarding the timeline for project implementation ... while we anticipate that the core construction phase can be completed within approximately one year, the logistics of transporting materials from Penang to Greenland may extend the overall schedule. 'We are committed to a thorough and efficient approach, ensuring that all aspects of the project are executed to the highest standards, despite the geographical and logistical challenges,' Syed Ali said when asked about the project's timeline. He said this project reflects BLand's broader vision of creating high-quality developments that are efficient, adaptable, and built with long-term impact in mind. 'Modular construction provides an innovative and timely approach, enabling us to deliver homes faster and more cost-effectively while supporting local capacity building.' SSB executive director Lawrence Chua Sue Lin said the company is developing a modular housing project, a relatively new concept for Malaysia. In this approach, homes are prefabricated in a factory, completed to a high standard and then transported to the intended site for assembly. This method is highly sustainable and environmentally friendly, as it significantly reduces reliance on manual labour, minimises construction waste, and shortens project timelines. While traditional high-rise construction can take up to three years, Chua said, modular housing can complete projects in less than a year, thanks to the company's current annual production capacity of up to 12,000 modules. 'However, in practice, a typical project might utilise around 6,000 modules. This innovative system not only accelerates delivery but also supports greener, more efficient urban development,' he added. With a particular focus on transforming Nuuk into a premier destination for recreation and ecotourism, Berjaya Greenland Invest aims to foster local economic growth, address critical housing needs, and create meaningful employment opportunities for the community.
The Star
13-06-2025
- Automotive
- The Star
Trading ideas: BAuto, George Kent, JcbNext, CHHB, Thong Guan, BLand, UEM Edgenta
KUALA LUMPUR: Companies that could be in the spotlight following recent announcements include Bermaz Auto Bhd 's (BAuto), George Kent (M) Bhd, JcbNext Bhd , Country Heights Holdings Bhd (CHHB), Thong Guan Industries Bhd , Berjaya Land Bhd (BLand) and UEM Edgenta Bhd . BAuto's net profit for the financial year ended April 30, 2025 (FY2025) dropped by over 55% to RM155.9mil from RM345.58mil a year earlier, as revenue fell to RM2.62bil from RM3.91bil, mainly due to lower sales volume from its Mazda and Kia domestic operations. George Kent has partnered with Shanghai-listed Qingdao Topscomm Communication Co Ltd (Topscomm) to develop Malaysia's first locally branded ultrasonic water meter. JcbNext has disposed of 647,846 shares (or 1.95%) in Taiwan-based 104 Corp for RM20.05mil in the open market of the Taiwan Stock Exchange. CHHB is disposing of its entire stake in its wholly-owned subsidiary, Versatile Champion Sdn Bhd (VCSB) to South Strategy International Sdn Bhd for RM600,000. Thong Guan has scrapped its plan to sell its F&B business to major shareholder Foremost Equals after failing to agree on a final sale price. BLand is disposing of its entire 80% stake in joint venture company, Berjaya-Handico12 Co Ltd (BHandico12), to Vietnam-based Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC for RM201.96mil. UEM Edgenta has tied up with 21 Estates Group FZCO to establish a new joint venture company (JV) and expand its property management presence in Dubai, United Arab Emirates.
The Star
12-06-2025
- Business
- The Star
BLand sells 80% stake in loss-making JV firm
PETALING JAYA: Berjaya Land Bhd (BLand) is disposing of its entire 80% stake in joint venture company, Berjaya-Handico12 Co Ltd (BHandico12), to Vietnam-based Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC for RM201.96mil. In a filing with Bursa Malaysia, BLand said the proposed disposal represents an opportunity for the group to realise its investment in BHandico12. 'For the financial year ended June 30, 2024, BHandico12 recorded an audited net loss of RM17.21mil with the audited net liabilities of RM35.62mil.' BLand said BHandico12 is principally involved in the property investment and development. Its main project is an integrated mixed property development project known as Hanoi Garden City situated on an approximately 78-acre piece of land in Thach Ban Ward, Long Bien district in Hanoi, Vietnam. Hanoi Garden City offers a product mix of residential, commercial/retail shops, high-rise apartments, low-rise housing, medical centre/hospital, administrative management building, mall, school and parking lots.
New Straits Times
12-06-2025
- Business
- New Straits Times
Berjaya Land's unit to dispose of 80pct equity interest in Vietnam JV for RM201.96mil
KUALA LUMPUR: Berjaya Land Bhd's (BLand) wholly owned subsidiary, Berjaya Leisure (Cayman) Ltd (BLCL), has entered into two capital transfer agreements for the proposed disposal of its entire 80 per cent equity interest in the charter capital of Berjaya-Handico12 Co., Ltd (BHandico12). BHandico12, a BLand joint venture company, was incorporated in Vietnam on Feb 9, 2007, and is principally involved in property investment and development. Its existing charter capital is 1.56 trillion VND (about RM254.28 million), of which BLCL contributed 80 per cent, while the balance 20 per cent was contributed by Viet Duc Investment and Trading Co. Ltd. In a filing with Bursa Malaysia, BLand said the disposal is for a total cash consideration of 1.23 trillion VND (approximately RM201.96 million). "The proposed disposals represent an opportunity for the BLand Group to realise its investment in BHandico12. "It will not have any effect on the issued share capital and substantial shareholders' shareholdings of BLand," it said, adding that the group is expected to record a gain on disposal of about RM5.96 million upon completion of the proposed disposals.
