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Selangor Dredging plans new devt projects, GDV RM1b

KUALA LUMPUR: Selangor Dredging Bhd (SDB) plans to launch several new development projects in Malaysia and Singapore with gross development value amounting to RM1 billion by the end of 2012.

It will start with the Hijauan on Cavenagh in Singapore in Sept 2011, undertaken by SDB Asia Ltd, the group's subsidiary in Singapore.

The development comprises of a low-rise six storey luxury apartment in District 9, a prime location in the island republic. The project has a GDV of S$95 million.

The group will also develop a low-rise luxury beachfront residences project in Batu Feringghi in Penang in November 2011. The GDV for this project is approximately RM200 million.

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