Latest news with #KTIGroup
Borneo Post
29-05-2025
- Business
- Borneo Post
Sabah developer KTI commits to affordable homes below RM300,000
From left: Wilson Loke (Group Executive Director), Stella Loke (Group Executive Director), Datuk Tan Kok Liang (Indipendent Non-Executive Director), Dato' Hj Hamzah bin Haji Ghazalli (Independent Non-Executive Chairman), Datuk Dr Gordon Loke (Group Managing Director/CEO), Chua Chai Hua (Independent Non-Executive Director), Lim Guik Moi (Independent Non-Executive Director), Harjeet Singh (Chief Financial Officer) and Azlan Khalid (Chief Operating Officer). KOTA KINABALU (May 29): Sabah-based property developer KTI Landmark Berhad has committed to keeping its affordable housing units below RM300,000, well under the federal ceiling price of RM380,000 for affordable housing. 'We don't go up to the RM380,000 mark. Even if we could, we prefer to offer homes in the RM250,000–RM300,000 range. That's part of our corporate social responsibility,' said KTI Group Managing Director and Chief Executive Officer Datuk Dr Gordon Loke after the company convened its first Annual General Meeting (AGM) since its listing on the ACE Market of Bursa Malaysia in June last year. KTI is an active contributor to the Perumahan Penjawat Awam Malaysia (PPAM) programme, a initiative offering subsidised homes for civil servants. Loke said KTI has delivered around 5,000 units under PPAM over the past five to six years. 'PPAM is more than a business opportunity; it is about meeting a national need. We want to ensure that all government staff, federal or state, have access to quality, affordable housing,' he said, adding that KTI works closely with Lembaga Pembangunan Perumahan dan Bandar (LPPB) on other state-linked affordable housing efforts. KTI recorded a profit after tax of RM8.5 million for the financial year ended 31 December 2024 (FY2024). The meeting, held here today, marked a significant milestone for the homegrown company, which began as a small construction outfit in 1984 and is now one of Sabah's most active property players. In his address, Loke said the company's performance post-listing reflects its firm footing in the industry. 'This is our first AGM since our IPO in June last year. Our share price has risen from RM0.30 at listing to RM0.40 as of yesterday, reflecting more than 30 per cent appreciation. This shows investor confidence in our long-term strategy and our strong focus on affordable housing,' he said. KTI Landmark posted RM175.4 million in revenue in FY2024, supported by total sales of RM267.8 million and unbilled sales of RM294.4 million. Despite RM1.96 million in listing-related expenses, the company reported a resilient bottom line and a healthy pipeline of projects with an outstanding order book of RM214 million and total gross development value (GDV) of RM2.73 billion, including hospitality and retail developments. Speaking to reporters later, Loke shared that KTI had launched seven projects simultaneously this year, with another three in the pipeline before the end of 2025. He added that five new projects identified would ensure continuity for the next five to seven years. 'We are already 41 years in the market. This longevity gives confidence to buyers and stakeholders. And we continue to receive enquiries from government agencies for staff housing solutions,' he said. He also expressed confidence that the ongoing US-China tariff war would not significantly affect the local construction sector. 'Most of our raw materials are sourced within ASEAN, so the impact on us is minimal. Prices have remained stable, and while we continue to monitor the situation, we don't foresee major disruptions,' he said. Meanwhile, KTI Group Chairman Datuk Hamzah Ghazalli said the company's listing last year was not merely a financial milestone but a signal of enhanced corporate governance, transparency and accountability. 'We have moved from being a local contractor to a fully-fledged developer with a national presence. Projects like Ayuria Place and The Logg reflect our capacity to deliver on both sustainability and lifestyle,' he said. KTI has integrated green building practices and digital tools into its operations, including industrialised building systems (IBS) and online property platforms catering to tech-savvy buyers. With Sabah's urbanisation continuing to rise and federal construction data pointing to a sector-wide rebound in 2024, KTI sees opportunities for further growth, particularly through strategic landbank expansion, public-private collaborations and enhanced ESG (Environmental, Social and Governance) commitments. The AGM ended on a note of gratitude. 'To our shareholders, staff and partners, thank you for standing with us. KTI's journey is only beginning. We remain dedicated to building not just homes, but a better Sabah,' said Hamzah.
Daily Express
20-05-2025
- Business
- Daily Express
Kayana Heights clinches first time buyers award
Published on: Tuesday, May 20, 2025 Published on: Tue, May 20, 2025 Text Size: From left: Julian Koay (Senior Manager Group Branding and Marketing), Harjeet (CFO), Dr Natasha, Wilson Loke (Group Executive Director), Datin Chin Mee Leen, Datuk Dr Gordon Loke (Group Managing Director & Group CEO), Nelly Loke (Director of Operation), Stella Loke (Group Executive Director), Azlan Khalid (COO). Kota Kinabalu: KTI Group's Kayana Heights, Sabah's first placemaking development in Ayuria Place, Alamesra, clinched the Starter Home Award at the esteemed Star Property Awards 2025. The accolade was presented at a gala ceremony at One World Hotel, Petaling Jaya, with KTI Group Managing Director cum Chief Executive Officer, Datuk Dr Gordon Loke, accepting the honour alongside Executive Directors Stella Loke and Wilson Loke. Advertisement The win underscores KTI Group's dedication to providing affordable, well-designed homes tailored for first-time buyers in Sabah. 'This award is not just for Kayana Heights, it is for Sabahans,' said Gordon. 'It proves that quality, affordability, and community-focused living can coexist. We are setting a new standard for modern living in Alamesra,' he said. Located in Ayuria Place, Alamesra, Kayana Heights offers compact yet functional units ideal for young professionals, couples and small families. Advertisement Designed with walkability and wellness in mind, the development features a 1.2-acre central park, retail outlets and pedestrian-friendly pathways, key elements of a thriving, connected community. This recognition not only elevates KTI Group's standing but also highlights Sabah's growing potential in delivering innovative, accessible housing that matches national standards. The project sets a benchmark for future developments in the State, emphasising liveability, convenience and strong community bonds. More importantly, the award affirms KTI Group's long-standing commitment to the public to create homes that go beyond shelter and into the realm of improving lives. Through projects like Kayana Heights, KTI continues to play an active role in shaping a more inclusive, sustainable, and people-focused future for Sabah. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Borneo Post
18-05-2025
- Business
- Borneo Post
KTI Group wins national prestigious Starter Home Award
From left: Julian Koay (Senior Manager Group Branding and Marketing), Harjeet (CFO), Dr Natasha, Wilson Loke (Group Executive Director), Datin Chin Mee Leen, Datuk Dr Gordon Loke (Group Managing Director & Group CEO), Nelly Loke (Director of Operation), Stella Loke (Group Executive Director), Azlan Khalid (COO). KOTA KINABALU (May 18): KTI Group announced that Kayana Heights, Sabah's First Placemaking development in Ayuria Place, Alamesra, has been awarded 'The Starter Home Award' at the prestigious Star Property Awards 2025. The award was presented during a grand ceremony held at One World Hotel, Petaling Jaya, and was received by KTI Group Managing Director & CEO, Datuk Dr Gordon Loke, accompanied by KTI Group Executive Director Stella Loke and Wilson Loke. This national recognition highlights KTI Group's unwavering commitment to delivering high-quality, well-designed, and affordable homes that meet the aspirations of first-time homeowners in Sabah. 'This award is more than just a win for Kayana Heights — it is a win for the people of Sabah,' said Gordon. 'It reinforces our belief that quality, affordability and community-centric living can go hand in hand. We are proud to lead the way in redefining how people live, starting right here in Alamesra.' Kayana Heights is a thoughtfully planned development offering modern, space-efficient units suited for young professionals, couples, and small families. Strategically located within Ayuria Place, Alamesra, the development is designed around community wellness, walkability, and lifestyle convenience. Residents enjoy access to a lush 1.2-acre central park, retail amenities, and pedestrian-friendly walkways — all essential components of a vibrant placemaking township. This national achievement marks a pivotal moment not only for KTI Group but also for Sabah's property development landscape. It underscores the potential of local developers to deliver homes that are both innovative and attainable — on par with industry standards across Malaysia. It also sets a benchmark for future developments in the state that aim to prioritise liveability, connectivity, and community. More importantly, the award affirms KTI Group's long-standing commitment to the public — to create homes that go beyond shelter and into the realm of improving lives. Through projects like Kayana Heights, KTI continues to play an active role in shaping a more inclusive, sustainable, and people-focused future for Sabah. The Ayuria Place Sales Gallery is open daily. Interested parties are encouraged to visit and learn more about the unique investment and living opportunities available.
