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Friday, June 10, 2011

Mutiara to launch RM1.3b projects (BT)

Property developer Mutiara Goodyear Development Bhd expects to launch several mixed development projects amounting to RM1.3 billion in gross development value (GDV) this year, said its executive chairman, Hamidon Abdullah.

The company which has vast experience in commercial and residential developments currently has a land bank of 876 acres.

Asked on the proposed change in the company name to Nadayu Properties Bhd, Hamidon said it was part of its branding strategy to establish the Nadayu brand for all its property development projects.

It would be in line with the group's objective to maintain strength and value in product quality, project execution and timely delivery while it pursues its vision of becoming an innovative property developer in the local and global market, he added.

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