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TSR boosting presence in core markets

An artist’s impression of the PD Waterfront project in Negri Sembilan, which has an estimated gross development value of RM2.5 billion.
By Sharen Kaur - Published in NST Property, January 15, 2020 Property and construction group TSR Capital Bhd is beefing up its presence in its core markets and anticipates the business environment to improve in line with improved foreign direct investments (FDIs).

Chief financial officer Ng Kim Keong told the New Straits Times that TSR was cautiously optimistic of its outlook this year.

He said the group had received inquiries from Taiwan, Hong Kong and Japanese investors for joint-venture (JV) opportunities for its land bank on Pulau Langkawi and in Port Dickson.

TSR is developing a 31.16ha site in Kuah town in Langkawi and 25.5ha in Port Dickson, where it has started a project called PD Waterfront.Ng said the development progress for PD Waterfront, which has an estimated gross development value (GDV) of RM2.5 billion, was currently at 20 per cent.

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