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Sdb To Launch Projects Worth Rm1.45 Bln Next Year

by September 29, 2017 General

KUALA LUMPUR, Sept 29 (Bernama) — Selangor Dredging Bhd (SDB) plans to launch several projects with a total gross development value (GDV) of RM1.45 billion in Singapore and Malaysia next year.

The projects comprised residential projects in Serangoon Road and Draycott Park Singapore, as well as the third phase of the SqWhere serviced apartment and retail offices in Kota Damansara.

Managing Director, Teh Lip Kim said the company was focusing on selling the existing units and the launch of its projects in Singapore in the first quarter of next year.

“We know that property prices in Singapore have bottomed and are in the midst of going up, so we are focusing our efforts in the country for the next six to 12 months,” she told reporters after the company’s annual general meeting and extraordinary general meeting (EGM) here today.

During the EGM, SDB also obtained its shareholders’ approval to dispose of its headquarters, Wisma Selangor Dredging…..