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::.Ongoing Project

Taman Ehsan Jaya
Pandamaran, Klang, Selangor

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Project Details
The Group has on 24 July 2007 entered into a Sale and Purchase Agrement with TPPT Sdn Bhd for the acquisition of seven (7) parcels of development land in Pekan Pandamaran, District of Klang, Selangor Darul Ehsan for a total cash consideration of RM32 million.

The said land is located within Pandamaran, Pelabuhan Klang, Selangor Darul Ehsan and is accessible via several main roads in the Klang vicinity such as the Persiaran Raja Muda Musa as well as the KESAS highway.

We intend to develop the said land into a mixed development known as “Taman Ehsan Jaya” which will comprise 501 units of residential houses and 320 shop-lots along with commercial areas (covering 8.97 acres) and industrial areas (covering 6.92 acres), at an estimated gross development value of approximately RM500 million. The proposed development is expected to contribute development and construction profits of approximately RM150 million to the Melati Group over the development period. The development costs of approximately RM350 million will be funded through proceeds from Melati’s initial public offering exercise which was completed in March 2007 as well as bank borrowings and/or internally generated funds.

The proposed development is expected to commence in the first quarter of 2008 and expected to be completed by 2012.

Mixed Development of Phase 2A & Phase 2B (99.29 ac) comprising of residential, commercial and industrial on Lot 83958, Lot 83959, Lot 83961, Lot 83962, Lot 83963, Lot 83964 & Lot 83965, Pekan pandamaran, Mukim Kelang, Daerah Klang, Selangor Darul Ehsan.

Client:

MEC

Melati Ehsan Consolidated Sdn Bhd

Turnkey Contractor: Bayu Melati Sdn Bhd & Pembinaan Kery Sdn Bhd

Gross Development value: RM500 million

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