Latest news with #RM3.6mil
The Star
3 days ago
- Business
- The Star
IOI Properties to launch The Pentagon at Bandar Puteri Bangi
IOI Properties Group Bhd (IOIPG) is set to launch its next commercial phase, The Pentagon at Bandar Baru Bangi in Selangor. Comprising 18 units of double-storey shop offices, the development features a linked semi-detached concept with expansive built-ups and high ceilings. The project is within walking distance to the upcoming Bangi Fresco, a 4.98ha lifestyle and retail hub unveiled in March, set to be fully managed by IOIPG's leasing team. It is also a stone's throw away from the township's existing Lotus's hypermarket. 'Together with components such as Kubica Square, Enigma Square, Lotus's and Bangi Fresco, The Pentagon forms the commercial heartbeat of the township, complementing the agile built-ups of existing commercial offerings with larger lot sizes and voluminous interiors,' said IOIPG Bangi and Sepang general manager Wong Peen Fook. 'The linked concept maximises visibility while keeping the distinction of semi-D designs. The spacious layouts cater for entrepreneurs and businesses seeking expansive premises for their operations, suitable for food and beverage chains, showrooms, education centres, car workshops and more. 'In addition, it leverages Bandar Puteri Bangi's strategic location, with direct access to the North-South Highway and accessibility to the Kajang-Seremban Highway, South Klang Valley Expressway and more. 'This gives The Pentagon prime connectivity to the Kuala Lumpur city centre, Putrajaya and other surrounding destinations and points of interest, including many nearby industrial parks,' he added. The 145.69ha Bandar Puteri Bangi township includes a balanced range of residential and commercial components, as well as ample greenery and public spaces. Thoughtfully crafted spaces Spanning 1.81ha, The Pentagon draws its name from the shape of the plot it shares with Kubica Square, emphasised by its geometric aesthetic elements integrated throughout its modern facade. It offers lot sizes of 45' x 70', 50' x 70' and more, significantly larger than surrounding developments, with ceiling heights of 14' for ground floor spaces and 12' for higher storeys, to accommodate a wide range of business needs. Gross prices for shop office units start from RM3.6mil. 'The Pentagon's ample built-ups, ranging from 5,545sq ft to 7,046sq ft, are showcased with extensive glass panels throughout its design, seamlessly blending interior and exterior spaces while maximising natural lighting. 'The larger widths of shoplot units, ranging upwards from 45' to 50', serve to enhance visibility for business owners and investors, while a 15' wide open terrace promotes walkability and flow,' said Wong. Individual units are designed with rear roller shutter access to streamline loading and unloading operations. Additionally, 263 car park bays cater for visitor convenience, with an average allotment of 15 car park lots per shop office unit, and four electric vehicle (EV) bays. Leveraging surrounding pull factors The Pentagon leverages the growing demographics of Klang Valley South, with a catchment population of more than 680,000 from surrounding areas, as well as the 145.69ha integrated township itself, with over 2,000 homes handed over to date and an estimated resident population of more than 5,000. 'The Pentagon is set to benefit from proximity to Bangi Fresco, an upcoming retail hub with planned retail facilities spanning 100,000sq ft of net lettable area,' said Wong. 'These include 24 shops and five waterfront eating outlets, al fresco dining spaces and four drive-through outlets, as well as a 19,000sq ft grocery operator. Other features include a 10,000sq ft event space as well as a gym, positioning Bangi Fresco as a one-stop lifestyle destination for the community. 'In addition, the presence of numerous academic institutes nearby, such as Universiti Kebangsaan Malaysia, Nilai University and primary and secondary schools, has contributed to strong demographics for the township in terms of families, students and supporting workers, building a ready catchment population for businesses,' he added. According to IOIPG, The Pentagon draws its name from the shape of the plot it shares with Kubica Square, emphasised by its geometric aesthetic elements integrated throughout its modern facade. To date, Bandar Puteri Bangi features a balanced range of residential and commercial components, from luxurious landed and high-rise homes—such as Arawani and Caladia—to existing three- and four-storey shop offices, like Enigma Square. On top of that, ample greenery and public areas across the township offer social spaces for people to come together close to nature. These include the Oasis Park, a serene waterfront landscape home to over 90 known flora and fauna species, as well as the Geopark, a green sanctuary with a jogging trail and football field. 'Moving forward, we have exciting launches in store for Bandar Puteri Bangi in the coming months, designed to expand its vibrant array of property offerings. 'These include a planned lakeside precinct with landed homes and its own integrated commercial hub,' Wong concluded. To learn more about Bandar Puteri Bangi and join its growing community, click here or call 03-8929 9988.
The Star
5 days ago
- Business
- The Star
Ta Win unit disposes of Klang property for RM44.5mil
KUALA LUMPUR: Ta Win Holdings Bhd via its wholly-owned subsidiary Tan Win Industries (M) Sdn Bhd has sold a 16,187sqm tract of industrial land and factory in Klang, Selangor, to Metal Recovery Industries Sdn Bhd for RM44.5mil. In a filing with Bursa Malaysia, the group said it had ceased operations at the property in November 2024 due to high operating costs and a failure to break even. While the land was valued at RM47.7mil, it said the disposal consideration was the highest offer received despite efforts to engage with multiple real estate agents. As the property is specifically tailored to Ta Win's copper wire and rod manufacturing, it is less appealing to buyers outside of the metal smelting industry. Ta Win added that the proceeds of the disposal will be used to settle a loan of RM18.72mil charged on the property, which incurs an annual interest cost of RM991,842.73. The remainder of the proceeds will go towards working capital ad covering estimates expenses related to the proposed disposal. Based on the book value of the property, Ta Win said the proposed disposal, expected to be completed in the second half of 2025, will result in a net loss of approximately RM3.6mil after deducting estimated incidental costs.
The Star
20-05-2025
- Business
- The Star
Solar growth continues to spur Samaiden
PETALING JAYA: Analysts continue to like clean-energy company Samaiden Group Bhd as it is as one of the prime beneficiaries of an upcycle in renewable energy (RE), underpinned by a solid order book. TA Research also noted that it has a strong net cash position and has secured a pipeline of RE assets to boost recurring income. 'From a valuation standpoint, Samaiden is trading at undemanding 17 times its financial year ending June 30, 2026 (FY26) price-earnings ratio, below its historical mean of 20 times,' said TA Research, which maintained its 'buy' call on the company. Samaiden recently announced that it had secured a RM108.6mil contract to undertake the design, engineering, procurement, construction, testing and commissioning (EPCC) of a 29.99 megawatt alternating current (MWac) large scale solar power plant in the central region of Peninsular Malaysia. The project is targeted for completion by Jan 15, 2026. 'The contract value of RM108.6mil translates into RM3.6mil per MWac, which in our opinion, is an attractive price relative to other recent utility-scale solar power plant EPCC contracts while also taking into consideration record-low solar module prices currently.' 'Given a targeted commissioning by next January, we reckon the bulk of the contract will be recognised in the first half of FY26,' the research house said. Additionally, it noted that Samaiden also announced the mutual termination of a prior EPCC contract for a 10MW biomass power plant in Terengganu. The project has been long delayed since its award in November 2020 given hiccups in securing funding on the part of the developer. The contract was originally valued at RM115.6mil. On a net basis, taking into consideration both the latest large scale solar power plant contract win and biomass power plant contract termination, TA Research said it estimated a 1.4% reduction to Samaiden's order book to RM509mil from RM516mil as of end-December 2024, before taking into account order book burn-rate in the third quarter of FY25. 'We now estimate over 80% of Samaiden's order book comprises utility-scale solar contracts with the rest consisting of rooftop solar and operations and maintenance contracts.' TA Research said it had trimmed its FY25-FY27 earnings estimates for Samaiden by between 4.5% and 8.3% as it omits previously projected contribution from the terminated biomass project. It maintained its 'buy' call on the company at a revised target price of RM1.56 from RM1.63 previously.
The Star
01-05-2025
- Entertainment
- The Star
Charity jam returns for day of fun, giving
Rajaa (seated, centre) with Charity Jam Session organising committee members and supporters announcing the event happening on May 4 at Eastin Hotel Kuala Lumpur. Charity Jam Session (CJS) will return for its 24th edition on May 4, continuing its tradition of raising funds through a day-long celebration of music, food and drinks. Running from noon to midnight, the event is jointly organised by Professional Culinaire Association, Society of The Golden Keys Malaysia, Food Aid Foundation and Rotary Club of Metro Kuala Lumpur, with Eastin Hotel Kuala Lumpur as venue sponsor and co-organiser. Launched in 2000 by founder and organising chairman SS Rajaa as a one-off fundraiser, CJS has grown into an annual event that is now Malaysia's longest-running charity gig and a platform for local musicians to shine. Among the acts taking part are the Strollers, Mojo Hand, The Retro Groovers, Vishnu and BATS House Band, Plan D, The Cauliflower Robbery, Sunny Rashid, Sounds of Jane, 50/50 and Small Stones, as announced at a pre-event press conference in Petaling Jaya. Attendees can purchase food and beverages using CJS coupon, with proceeds going towards University Malaya Medical Centre's (UMMC) Paediatric Intensive Care Unit (PICU) and Food Aid Foundation. Silent auctions and lucky draws will also be held throughout the day, with prizes including hotel stay vouchers. Since its inception, CJS has raised over RM3.6mil, with a total of RM2.8mil going towards purchasing lifesaving equipment and subsidising medical care for critically ill children, particularly those from underprivileged backgrounds.
