Property

The Property Division is an established integrated property player, presently focused on property development. The Property Division’s current focus is on developing residential and commercial properties. In addition, the Property Division has other complementary operations such as property investment, property management and hospitality.

As at 30 June 2007, the property development projects in Malaysia by the Property Division has a total gross development value (GDV) in excess of RM18 billion. The property developments in Singapore have a total GDV of SG$248 million.

The land bank available for immediate development by the Property Division over the next 5 years is approximately 8,700 acres, of which the bulk of 3,874 acres of undeveloped property land bank is strategically located in the Klang Valley and Selangor.

Apart from property development, the Property Division is also involved in other types of property business such as asset management, hospitality and property investment. The range of business activities by the Property Division include serviced residences, resorts, golf courses, industrial parks and a convention centre. These businesses are located in Malaysia, Singapore, Australia, Indonesia, Vietnam, the Philippines, China and the UK.

By activity	Financial year ended 30 June
	2005	2006	2007
Proforma revenue	RM million	RM million	RM million
Property development	1,542.3	1,275.1	1,517.6
Others	112.0	148.0	149.4
Total	1,654.3	1,423.1	1,667.0
By activity	Financial year ended 30 June
	2005	2006	2007
Proforma operating profit	RM million	RM million	RM million
Property development	474.8	368.1	432.4
Others	43.4	14.1	106.9
Total	518.2	382.2	539.3