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Thursday, December 6, 2007

Naim Cendera offers rewards to boost property sales

Main board-listed Naim Cendera Holdings Bhd wants to boost sales of its properties by introducing a new scheme to reward property buyers who rope in new buyers to its properties.

The rewards include cash and free trips for seven days to China.

Only buyers of its properties are eligible to participate in the "Introducer Buyer Scheme".

"This is our way to reward our property buyers," Naim director of sales Tony Lau said at the company's Buyers' Night in Kuching recently.

"It is also to boost the sale of our properties," he added.

The scheme, which will run until December 31 2008, was launched by Naim deputy managing director Dr Sharifuddin Abdul Wahab at the Indoor Stadium in Kuching.

Lau said 10 top buyers with accumulated sales of RM5 million each will get a chance to go to China for a seven-day free trip.

"We will reward the top winner with two tickets and RM3,000, the second-place winner to receive two tickets and RM2,000 and the third-place winner gets two tickets and RM1,000," he added.

The fourth to 10th placed winners will receve two tickets each, he said.

Apart from the free tickets and cash rewards, the RM5 million sales achievers will receive 10 grammes of solid gold coins each.

Lau expressed confidence that the scheme would help to boost sales of Naim's properties.

By New Straits Times

Mid Valley developer driven by vision

Mid Valley City would have been just another huge shopping mall had the developer ignored the expected demand of future consumers, said developer Goldis Bhd chief executive officer Tan Lei Cheng.

She said it was with this vision of anticipating future demand that Mid Valley now incorporates living, shopping and working elements to create a unique city environment within a city.

To achieve success from such foresight, however, requires a company that is driven by a good visionary leader, Tan said at a Malaysian Institute of Management conference in Kuala Lumpur yesterday.

She was one of the speakers at a session on "Building Further Success from Legacy Enterprises", moderated by Malaysia Airlines chairman Datuk Dr Munir Majid.

She said Mid Valley's estimated gross development value to date is RM5 billion and its most recent launch was The Gardens, a "less crowded" shopping centre due to its high-end concept.

Tan said Goldis - a merger between Tan & Tan Developments Bhd and IGB Corporation Bhd - has always believed that a company's legacy can continue its success if the people behind it constantly strive to undertake projects that meet what future generations want.

"You make a project not for now but for 10 years ahead," she said.

GE Southeast Asia president Stuart Dean, meanwhile, said the GE group also applies the what-customers-want approach when dealing with its investments in private companies.

"Customers want solutions, not products," he said, adding that GE now aims for organic growth compared to traditional mergers and acquisitions.

The group spends heavily on investment in customers, technology and innovation.

GE's research and development investment is expected to grow from US$700 million (RM2.3 billion) to US$1.5 billion (RM5 billion) by 2010, while revenue is seen to grow to US$20 billion (RM66,8 billion) by delivering customer value.

By New Straits Times

Orando launches Sri Angkasa Homes, its second project

PETALING JAYA: Orando Holdings Sdn Bhd (Orando) has embarked on its second semi-detached homes project called Sri Angkasa Homes. Its maiden project was the development of four semidee units in Taman Yarl, which was completed in 2005 Sri Angkasa Homes are 16 units of 2 ½-storey semidees located in Puchong close to well-established areas such as Taman Kinrara, Lucky Garden and Overseas Union Garden.

Loke showing off a model of the Sri Angkasa semidees

Sri Angkasa Homes is set on 1.86 acres of freehold land and has a gross development value (GDV) of RM11.2 million.

Launched in July, four units have been sold so far, said Loke Fu Wah, principal of Bridge Realty, the exclusive marketing agent of the project. Priced from RM688,000 onwards, these homes have land areas of 36ft by 90ft and built-up areas of 3,100 sq ft. Each unit comes with five bedrooms, four bathrooms, two living rooms and three balconies.

“Our show unit will be completed by the end of December,” said Loke, adding that better sales are expected upon the show unit’s completion. “Construction began at the end of July. We aim for completion and handover in August 2008,” he added.

According to Loke, the target market for Sri Angkasa Homes are the people living and working within the vicinity who want to upgrade to a larger home.

The guarded project will include two guard posts, one on each end of the row of homes. “Security for the first year is free, after that it will be managed by the residents,” he said.

Accessible via the Kesas Highway and Old Klang Road, Loke said the project’s location is one of its selling points. “It takes about half an hour to get to KLCC and 15 minutes to drive to Bandar Sunway or to Mid Valley City,” he says.

There are also shops and other conveniences in the neighbouring areas such as Taman Kinrara and Overseas Union Garden. The area is also well established, with schools, eateries and other amenities.

With its focus on medium-high end and niche projects, Orando has plans to source for more land once sales of Sri Angkasa Homes reaches 70%.

By theSun (by Yeong Ee-Wah)