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Putra Idaman was officially launched by Selangor Menteri Besar, Datuk Amirudin Shari, in concurrence with a groundbreaking ceremony for Saujana Idaman.

"The increased focus on the construction business would diversify the group’s income stream and reduce its reliance on its existing core business in the M&E engineering services segment,” Bintai Kinden said in a statement on Friday.

Valdor II, which will have a gross floor area of 620,000 sq ft, is expected to be completed in 2025.

Below is a letter addressed to Minister of Housing and Local Government Nga Kor Ming which has been reproduced without edits.

In a filing with the stock exchange, the group said the bonus shares will be issued as fully paid, at no consideration and without capitalisation of the group’s reserves.

Selangor Menteri Besar Datuk Seri Amirudin Shari said Bandar Baru Bangi is a conducive area for not only residences but also for industrial activities due its strategic location, good connectivity and ample infrastructure.

Featuring properties from 10 locations within the developer’s townships in Kuala Lumpur, Shah Alam, Klang, Subang, Nilai, Sepang and Seremban.

The collaboration will have customers of NCT Smart Industrial Park enjoy up to 90% financing with an interest rate of 3.

The event is supported by the Ministry of Youth and Sports, and will feature a 5km fun run and a 21.

They are Aspira Hills (Phase 1), DiReka Square and Aspira LakeHomes (Phases 4, 5 and 6).