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Focus Malaysia
15-07-2025
- Business
- Focus Malaysia
Chin Hin expands Klang Valley landbank with RM52m Segambut land acquisition
CHIN Hin Group Property Bhd, (CHGP) has inked a sale and purchase agreement (SPA) with landowners New York Empire Sdn Bhd and Kar Sin Bhd to acquire a strategically located 6.49-acre parcel of freehold land in Segambut, Kuala Lumpur for RM52 mil cash. This acquisition made through the group's wholly owned subsidiary Chin Hin Property (Segambut) Sdn Bhd transitions from a previous joint development agreement signed in April 2024 which provided CHGP full ownership and development rights. Originally planned as a collaborative development between CHGP and Kar Sin, the land will now be independently developed by CHGP into a residential or mixed development project. The acquisition further supports CHGP's on-going strategy of expanding its property portfolio by securing strategically located land within high-potential areas of Kuala Lumpur. The Segambut land is well-connected by major highways, including the Duta-Ulu Klang Expressway (DUKE) and Jalan Ipoh, as well as public transportation such as KTM Komuter and MRT stations. The area is experiencing rapid urban growth and infrastructure improvements, making it highly attractive for residential and mixed-use developments. As such, CHGP plans to develop a high-rise development on the newly acquired land, subject to obtaining the necessary regulatory approvals. The project aims to meet the growing demand from young professionals, families and local businesses seeking integrated developments offering convenient living and lifestyle amenities. 'Transitioning from our previous joint development arrangement to full ownership of this prime land allows CHGP greater flexibility and control over the project's execution and marketing,' commented CHGP's group CEO (property development division) Chang Tze Yoong. 'Given the area's strong connectivity and market dynamics, we are confident this project will substantially contribute to our earnings growth.' Added Chang: 'The land's freehold tenure and favourable zoning conditions are poised to provide CHGP with significant flexibility to deliver an innovative, lifestyle-centric mixed-use development – a concept that has proven successful in key urban growth corridors. 'We are confident this project will substantially contribute to our earnings growth.' Aligned with CHGP's sustainable growth goals, this acquisition is expected to positively impact the group's long-term earnings while supporting its commitment to ESG (environment, social and governance) practices by creating environmentally-friendly and sustainable communities. At the close of today's market trading, CHGP was unchanged at RM1.07 with no share traded, thus valuing the company at RM1.41 mil. – July 16, 2025
The Sun
15-07-2025
- Business
- The Sun
SDB launches DaMai, redefining luxury multigenerational living in Melawati
KUALA LUMPUR: Selangor Dredging Bhd (SDB) has unveiled DaMai, a first-of-its-kind hilltop residence in Taman Melawati, offering a unique blend of luxury, cultural heritage and multigenerational living in a boutique, mid-rise development. Set on a 7.158-acre freehold site, DaMai features a single 17-storey block with 306 spacious units ranging from 2,056 to 5,038 square feet. With its distinctive 'parking at your doorstep' concept, culturally inspired design and earthquake-resistant structure, DaMai is positioned to be a new architectural landmark in one of Kuala Lumpur's most established hillside townships. SDB group managing director Teh Lip Kim described DaMai as a reimagining of what a home can be for today's families. 'Every project is an opportunity to break new ground, not just for the sake of innovation, but to truly enhance lives. 'With DaMai, we have created something never before done in Malaysia — a mid-rise residence with the intimacy and accessibility of landed living, redefined for the modern family,' she said in a statement. DaMai takes inspiration from the traditional Malaysian craft of anyaman (weaving), which is reflected in the building's façade and interiors. Designed with multigenerational living in mind, each home features private terraces, family areas, powder rooms and, in select penthouses, rooftop openings that bring nature and light into the home. Among its standout features is a car-to-door experience rarely seen in medium-rise settings. An innovative speed-ramp system allows direct vehicular access to every level, bypassing lifts and lobbies entirely — a boon for families with children, elderly members or bulky loads. Residents can have up to six carparks per unit, all located just outside their doors. 'In Malaysia's car-centric culture, parking is a necessity,' Teh said. 'DaMai addresses this with thoughtful convenience, enhanced privacy and greater security through controlled access points.' Security and structural resilience are also hallmarks of the development. After detailed studies of nearby fault lines, the entire building was designed to meet international earthquake-resistance standards, incorporating reinforced walls and foundation slabs to absorb seismic movement. 'Every layer of DaMai has been engineered with care, so families can live with peace of mind knowing their home is built to stand strong,' she said. Residents will enjoy a host of facilities, including a swimming pool, gym, sports hall, children's play areas, function rooms, reading lounges, surau, parcel rooms and a rooftop garden. The rooftop sanctuary features yoga decks, reflexology paths, garden swings, viewing platforms and a jogging trail with a natural elevation, promoting a connection with nature and wellness. In total, over 3.65 acres of landscaped greenery have been incorporated into the design. Located within the mature enclave of Taman Melawati, DaMai is well-connected to the city centre via MRR2, DUKE, SUKE, EKVE, SPE and AKLEH highways. SDB, known for its boutique developments in Malaysia and Singapore, continues to push boundaries under Teh's leadership. The company, which has won 18 FIABCI awards, is celebrated for its focus on sustainability, thoughtful design and user-centric living. Last year, Teh was named FIABCI's Malaysia Property Woman of the Year. She said her philosophy is simple: 'Every detail matters — from the flow of light to where a child might play or a grandparent might rest. If it's not good enough for my own loved ones, it's not good enough for the families we build for.'
New Paper
27-06-2025
- Sport
- New Paper
June 28 South Africa (Turffontein) form analysis
Race 1 (1,160m) (9) STONE OF SCONE improved to finish second over track and trip last time, so she rates the one to beat. However, a bigger threat could come from well-bred newcomers (8) SISTERSHIP, (10) SURPRISE PARTY and (3) CHANTILLY DREAM. Race 2 (1,160m) (8) DETAILED FORECAST was featured prominently before tiring late on debut. She would have benefited from that experience, so could repay her followers. A handy 2.5kg sex allowance will aid her cause. (7) THE LAST DUKE fits a similar profile and should acquit himself more competitively in maiden company. Watch the betting on the newcomers, especially (3) GAVIUS MAXIMUS and stablemate (4) JABARI THIMBA. Race 3 (1,160m) This would not take much winning so, if there is no market support for either of the newcomers, then (10) FIERY ROSE can be confidently backed to open her account. She outran market expectations when finishing second over track and trip on debut before another runner-up finish last time. Newcomer (9) TITAN OF THE TURF, debutant (7) LANNYBOY and the unexposed (5) SILVER LONGSWORD could give the selection most to fear. Race 4 (1,160m) (13) WISE COUNSEL showed signs of inexperience on debut, but she did catch the eye once the penny had dropped, staying on to finish a creditable fifth over 1,000m. She would have come on appreciably with the benefit of that experience, so her progress could be worth following. (7) MASTER'S LADY and (10) SEASON'S GREETINGS will likely make their presence felt, especially if building on the improvement they showed last time. Newcomer (8) QUEENSLAND must be respected. Race 5 (1,000m) Competitive sprint handicap. (4) RODEO DRIVE has been sparingly raced as a 3YO after a productive 2YO campaign that included a second at Grade 1 level. Predominantly raced in feature races since, she remains open to improvement and is worth siding with on her handicap debut, even against older hard-knocking male rivals. Stablemate (6) CHIEFTAIN also has room to improve. (5) ONE FELL SWOOP should not be taken lightly. Race 6 (1,000m) The lightly raced (2) BOURBON RESERVE has exhibited respiratory issues, but those may have been resolved during the 10-week break after a disappointing last start. Judging on the strength and consistency of his earlier form, coupled with the likelihood of improvement in just his sixth appearance, he is good value to score on his return in these calmer waters. Hard-knockers (4) JOHN WICK and (8) RAFA BAY could expose any chinks in the selection's armour. (7) HEMISPHERE is also a lightly raced 3YO gelding capable of having a say in the outcome. Race 7 (1,400m) (2) CEUTA confirmed the improvement of her two previous outings by winning last time. She copped a seven-point penalty for that career-best performance, but on the evidence of that victory, there may not be enough to prevent her from winning again. (8) GLAMOROUS LADY and (4) MISS HANNIGAN have the form and experience to play leading roles too. (3) QUEEN OF LOVE reunites with Piere Strydom - with whom she is unbeaten - and that could bring about a more competitive showing. There were valid excuses for the disappointing showing from (6) BLIND AMBITION last time, so she should not be overlooked either. Race 8 (1,400m) (2) PRINCESS ILARIA has finished second in consecutive recent starts at a higher level, so this drop in class, even off a higher mark, ought to bring about a return to winning ways. (1) BOOM BOOM and (7) QUANTUM are closely matched on these terms after a recent 1,600m on the Inside track. Both will have a say in the outcome if reproducing similar performances. Last-start maiden winner (8) CAPE SAFFRON is open to improvement and she could be leniently treated under 55kg on her handicap debut. Race 9 (1,160m) None of these inspire any degree of confidence but it could be worth siding with (7) PHALA MILLIONS, whose recent form and consistency at this level will be rewarded sooner than later. (1) ENSUING is all held by that rival on recent form. (2) TOKYO MEDAGLIA can improve and has performed well over track and trip, so he must be respected. (11) BREGARDT resurfaced on the Polytrack last time - finishing ahead of both (8) MARIACHI MADNESS and (6) PRIZED PLATINUM - but needs to confirm that improvement back on turf to make his presence felt.
