Building communities, enriching lives... realising dreams
ADDING VALUE: Perbadanan Kemajuan Negeri Selangor (PKNS) won its second consecutive BCI Asia Top 10 Developers Award this year
Winning the BCI Asia Top 10 Developers Award two years in a row since the new category of recognition to developers was included last year is certainly testimony of the fact that Perbadanan Kemajuan Negeri Selangor (PKNS), also known as the Selangor State Development Corporation has been kept busy with its volume of projects last year.
Tuan Othman bin Haji Omar, general manager of PKNS shares that this is in line with its aim to “promote, develop and establish new centers of growth” that include the workings of residential enclaves as well as industrial and trade areas to carry out similar related activities.
“The existence of PKNS is also to implement government policies that involve poverty eradication and social restructuring. These objectives are aligned with the vision based on the premise ‘Building Communities, Enriching Lives… Realising Dreams,” he says.
PKNS, established under the Selangor State Development Corporation Enactment 1964 as a corporate body and an agency for development at the state level, continues to dispense its duties by distributing and spurring socio-economic growth in Selangor as a means of promoting stability, harmony and social justice towards achieving the country’s vision.
It has, for the past 48 years, progressively created and developed 11 renowned and established cities and integrated townships such as Petaling Jaya, Kelana Jaya, Kota Damansara, Bangi, Shah Alam and more. To date, it has built 164,505 residential units, 6,535 units of shops and 489 units of factories all around Selangor.
According to him, future townships that are currently in the pipelines of being built include the Selangor Science Park 2 at Cyberjaya spanning 1,500 acres of land and the Bernam Jaya Eco Valley spread across 6,000 acres.
“In the next five years, PKNS aims to strengthen its portfolio of products as well as its organisational branding while creating more unique and up-to-date property offerings. Besides intensifying urban regeneration projects, PKNS is also looking at group consolidation, rationalisation and shared services between the PKNS Group of Companies.
“The establishment of the Private Real Estate Company (PREC) and Real Estate Investment Trust (REIT) also count among its plans as well as the formation of an Integrated Marketing and Risk Management division respectively,” he adds.
Further down the road in ten year’s time, his aim for PKNS include establishing strategic collaborations with high powered brands to ensure value-added businesses are realised while increasing its portfolio of international projects. Being an active global player also counts amongst its list of long-term commitments besides the establishment of the PKNS Plantation and the PKNS Solar Farm.
“We also want to be recognised as the Top 20 Best Employers in Malaysia besides being a top property player in the country.”
PKNS, being a developer of residential, commercial and mixed developments including industrial areas and townships among other projects, has currently embarked on a series of urban regeneration projects including the targeted construction of 20,000 units under the Affordable Housing scheme in selected areas all around Selangor within the next 10 to 15 years.
Building for the future: Sharing PKNS’ plans for the future in some detail, he says that Laman PKNS that will be the new PKNS headquarters aimed at achieving the Green Building Index (GBI) Platinum rating is currently being planned. Backed by an estimated Gross Development Value (GDV) of RM250 million, the project is expected to be completed in 2013.
In addition to this, Datum Jelatek’s mixed development comprising four residential towers, exclusive podium and state-of-the-art Sky Ring connecting all four towers will also be linked to the Jelatek LRT station that is minutes away from KLCC. The project with a GDV of RM900 million is expected to be completed in 2015.
Datum In City with an estimated GDV of RM3.07 billion will also be another fully integrated city hub to watch out for when it is completed in 2018 whereby the latest practice of eco-sustainability architecture achieving the maximum GBI rating will be realised.
Revealing the details of Datum Edu City that is a prestigious joint venture project between PKNS and Perbadanan Kemajuan Pertanian Selangor (PKPS), the mixed-development project with an estimated GDV of RM440 million that is expected to be completed in 2016 will comprise three apartment blocks, retail spaces and two college blocks. In addition to this, the Datum Sports City with an estimated GDV of RM440 million is also being planned.
Pics courtesy of PKNS.