HO HUP CONSTRUCTION COMPANY
KLSE (MYR): HOHUP (5169)
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i3i2i1
4,731 posts
Posted by i3i2i1 > 2014-06-19 10:15 | Report Abuse
about with Malton:
“We are still working it out with Malton right now to finalise the project. I think they will make the announcement by the third quarter,” he said.
As the landowner, Ho Hup is entitled to 18% of the estimated gross development value (GDV) from the 50-acre project.
Ho Hup is self-developing the remaining 10 acres, which comprises shops, serviced apartments, small offices-home offices (SOHOs) and office towers. “We expect the GDV from the 10 acres to be about RM1.2bil,” Wong said.
Ho Hup has already started working on the foundation of the project, having achieved sales of almost RM400mil thus far. “Our shops have been fully taken up, while the take-up rate of the SOHOs is about 70%,” he said.