Ong Ghee Bin (left to right), Nik Mohamed Din and Ong Ju Xing launching the new logo of OSK Property.
KUALA LUMPUR: OSK Property plans to launch properties with a gross development value (GDV) of RM1bil development this year in Kuantan, Butterworth and Sungai Petani.
OSK Property Chief Executive Officer Ong Ghee Bin said that the projects included the second phase of TimurBay Seafront Residences in Balok, Kuantan, Luminari in Harbour Place, Butterworth, and Bandar Puteri Jaya in Sungai Petani.
He commented that OSK’s main focus this year would be in Malaysia, but OSK is also targeting to launch the first phase of its Melbourne project by the end of this year.
He added that with 5 acres of land, the project will be one of the biggest integrated development project in Melbourne, which will consist of apartment, hotel, office and retail components.
He said that despite the challenging market situation, the Atria Shopping Gallery has been able to hit an 85% uptake less than a year since its opening in May 2015.
Atria Shopping Gallery in Petaling Jaya has hit 85% uptake since its opening last year.
“We have also recently purchased 6 parcels of lands amounting to 770 acres worth RM145 million in Seremban. The land will be earmarked for an integrated residential and commercial development with GDV worth RM3.6 billion,” he said during the launching ceremony of OSK Property’s refreshed logo following its merger with PJ Development (PJD). OSK Group Chairman Dato’ Nik Mohamed Din and Executive Director Ong Ju Xing were also present at the ceremony.
OSK Property launching RM1bil GDV properties in 2016.
“The consolidation of the property business under one pillar has propelled us even close to achieving our vision to be a leading integrated property developer. We have all the properties in place such as residential, commercial, retail and hospitality,” Ong Ghee Bin added.
The enlarged OSK Property group projects in Malaysia and Australia, with total land bank over 3,500 acres, are worth more than RM18 billion of GDV.
