ON AIR 98.8 BFM RADIO (23 NOVEMBER 2016)
While Damansara Realty is still building on its core business of developing properties in the country, they are also restructuring some of their businesses to embrace the hard reality of a slower economy. BFM Radio speaks with their Group CEO, Brian Iskandar Zulkarim on what it takes to take this company further. Read More..
THE EDGE (18 OCTOBER 2016)
Damansara Realty Bhd has inked an agreement for an 11.9-acre development in Putrajaya, Malaysia's federal administrative capital, with a potential gross development cost of RM467.3 million.In a statement today, the company said its wholly-owned subsidiary Damansara Realty (Johor) Sdn Bhd has signed the agreement with Putrajaya Corporation to develop the Perumahan Penjawat Awam 1Malaysia (PPA1M) project, which will comprise 1,350 residential units and 45 commercial units at Presinct 5, Putrajaya.The company said the development will be completed by end-2019, and it will recognise revenue from the PPA1M project in the current financial year ending Dec 31, 2016 (FY16).It said this contribution is expected to increase significantly in FY17. Read More..
BERNAMA (18 OCTOBER 2016)
Damansara Realty Bhd's (DBhd) wholly-owned subsidiary, Damansara Realty (Johor) Sdn Bhd, will develop the 1Malaysia Civil Servants Housing (PPA1M) project in Putrajaya.Damansara Realty (Johor)today signed an agreement with Putrajaya Corporation (PJC) on the venture which has a gross development value of RM467.3 million.The project, spread over 4.82 hectares comprises 1,350 residential units and 45 commercial units at Presinct 5 and is expected to be completed by end-2019, DBhd said in a statement. Read More..
THE SUN DAILY (17 OCTOBER 2016)
Damansara Realty Bhd is proposing to form a joint venture (JV) with China’s Country Garden Holdings Co Ltd to develop an integrated township in Johor Baru.The company said in a statement last Friday that the township, to be known as Central Park, will be developed on 53 acres of freehold land in Tebrau.The JV, DAC Properties Sdn Bhd, will be 30% held by Damansara Realty’s indirect wholly owned subsidiary Damansara Realty (Johor) Sdn Bhd and 70% held by Country Garden Management Sdn Bhd (CGM), which is wholly owned by Country Garden.The project will be developed over six to eight years, starting in the fourth quarter of 2016. Read More..
THE STAR ONLINE (14 OCTOBER 2016)
Damansara Realty Bhd (DBhd) will form a joint venture (JV) with Hong Kong-listed Country Garden Holdings Co Ltd to develop a 21.45ha freehold land in Tampoi into an integrated township known as Central Park.The project will be managed by the JV company, DAC Properties Sdn Bhd. It is 30% owned by DBhd’s indirect wholly-owned subsidiary, Damansara Realty Johor Sdn Bhd (DRJ) and 70% by Country Garden Management Sdn Bhd (CGM). CGM is owned by Country Garden.The signing ceremony was held on Friday with DBhd represented by its executive vice chairman, Datuk Daing A. Malek Daing A. Rahaman and Country Garden by its regional president (Malaysia), Jason Fu Jin Ling. Read More..
THE SUN DAILY (27 SEPTEMBER 2016)
Damansara Realty Bhd’s wholly-owned subsidiary TMR Urusharta (M) Sdn Bhd has formed a joint venture with L.C. Catering Sdn Bhd to provide facilities management and catering services to Petronas Refinery and Petrochemical Corporation Sdn Bhd worth RM124 million. TMR LC Services Sdn Bhd, the joint venture 70% owned by TMR and 30% by L.C. Catering, will operate and maintain the temporary executive village as well as management office of Petronas’ Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, Johor. Read More..
THE EDGE (26 SEPTEMBER 2016)
Damansara Realty Bhd said today that it has formed a joint venture with a Johor catering company to undertake the RM124 million facilities management and catering services job it secured from Petronas Refinery and Petrochemical Corp Sdn Bhd last month.In a bourse filing today, Damansara Realty said its wholly-owned subsidiary TMR Urusharta (M) Sdn Bhd has formed a joint venture company (JVCo) with LC Catering Sdn Bhd to undertake the job at Petroliam Nasional Bhd's (Petronas) RM60 billion Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, Johor. Read More..
THE EDGE (4 JULY 2016)
Many companies may have painted a gloomy outlook for the domestic property sector, but this is the sector Damansara Realty Bhd is focusing on this year in seeking to return to profitability. The company conducted a strategic review of its business portfolio following a change of ownership, and decided to rejuvenate its property division. Read More..
SIGNING OF CORPORATE INTEGRITY PLEDGE (28 JANUARY 2016)
On 28th January 2016, Damansara Realty Berhad signed our Corporate Integrity as a sign of manifestation of commitment to observe ethical business practices and to ensure all staffs carry out their duties responsibly. Read More..
THE EDGE (30 NOVEMBER 2015)
Damansara Realty has secured the contract for the proposed development of Perumahan Penjawat Awam 1 Malaysia (PPA1M) and the commercial part of a mixed development at Presint 5, Putrajaya which carries a total estimated gross development cost of RM467.31 million. Read More..
THE EDGE (WEEK OF MARCH 16 - MARCH 22, 2015)
DAMANSARA REALTY BHD (DRealty), controlled by Datuk Daing A Malek Daing Abdul Rahaman, is aiming to quadruple its annual revenue to RM1 billion in two years. The company is banking on the development of a RM10 billion mixed-use development project in Johor Bahru. Read More..