Kedah based property developer #EUPE Corporation Bhd will be launching its maiden Kuala Lumpur projects with gross developement value(GDV) of RM720mil this year.
Its group MD cum CEO Datuk Beh Huck Lee said the upcoming residential projects in Cheras and Bangsar South with estimated GDV of RM260mil and RM460mil respectively, where they're having joint-ventured(JV) basis with landowners. The projects will be kicked off by the third quarter of their current financial year. He expects EUPE to have more projects in Kuala Lumpur.
EUPE, which began its operation in 1986, has to date seven developments under its belt in Kedah with a combined GDV of over RM1bil. Beh said the company would continue to expand in Kedah as well.
On international front, EUPE is leveraging on its 70% owned Australian subsidiary, Australasia Development Pty Ltd. They already have two developments there(in Australia) and have earmarked on a third project which covers 200 acres and will be catalyst to sustain their growth for another eight years.
Source: Starbiz, http://eupe.com.my
This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .
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