Tuesday, August 7, 2012

Hua Yang to contribute to Johor's economic growth

In line with its aim to become a major developer in Malaysia, Hua Yang Bhd will play a bigger part in generating more jobs and contribute to Johor's economic growth, according to a report by Bernama.
The company's ongoing and upcoming major projects in Johor are expected to create more jobs within the state. These include Polo Park residences and the serviced apartments at Jalan Abdul Samad, as well as the township projects of Taman Pulai Hijauan and Taman Pulai Indah.

"While we aren't one of the biggest developers in Johor, we are working towards being one of the major players, with the aim to record RM800 million group revenue, come 2018," said May Chan, Chief Financial Officer at Hua Yang.

Hua Yang's operations in Johor started in 2001 with the 190ha Taman Pulai Indah, the company's first township project in the state with a gross development value (GDV) of RM818 million
Moreover, "for financial year 2013 (FY2013), we will continue to build our signature homes at Taman Pulai Indah with a GDV of RM41 million," she noted.

Hua Yang also recently unveiled its eco-living green haven project, the 56-ha Taman Pulai Hijauan (TPH). The Alder Residences, the first phase of TPH, was launched in April and has GDV of RM60 million.
Aside from that, the company will also launch its gated Polo Park project (GDV of RM41 million) at the Johor city centre in FY2013.

Chan added that "the total GDV earmarked to be launched in the FY2013 is RM165 million."

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