Versus the Composite Index(The Star)
Date : 17/04/2004

Note : The CI rose by 5.4% during the 3-month period under review

 

Mulpha International Bhd's share price has risen 57% over the past three months, significantly outperforming the CI, which rose 5.7% during the period. Interests in Mulpha, a diversified conglomerate began in February when it reported strong profits for the 2003 financial year ended Dec 31. With 75% of the company's earnings coming from its Australian property firm Mulpha Australia Ltd, the Group is currently benefiting from the booming property market Down Under, as well as the strong Aussie dollar against the ringgit.
 

Leisure Farm Lives Up to Its Name(The Star)
Date : 19/04/2004

There are some exciting new additions over the past year or so to make one's investment in Leisure Farm Resort really worthwhile.

For a start, there is the newly completed The Bale, a RM13mil, 32,000 sq ft clubhouse for the resort's equestrian and country club. Billed as having the largest thatched conical cluster roofs in the world, the roofs are individually hand-woven and tied together by skillful Balinese craftsmen and are designed with deep overhangs to create lots of open and semi-open interior and exterior spaces.

 

 

The Bale is within the Soul centre, one of the resort's three conceptual centres. The other two are the Mind and Body centres.

 

The Soul centre is also called the Bale Community Hub. Mulpha's Senior Sales & Marketing Manager, Koh Boon Teng said "The Bale was designed with ultimate leisure and relaxation in mind."

 

Other new developments and updates are The Canal Park - located in the Body centre, it will be the first double-gated community in Malaysia. About RM2mil has been invested to liven up the five-acre park's water catchments and drainage system to transform it into a canal park sanctuary.

 

Two residential products have been successfully launched. They are the Laman Hijau garden court low-rise apartments, the first double-gated community in Lesiure Farm and Pinggiran Bayou, double-storey terrace townhouses that are now 70% completed.

 

The Link 25 golf view terrace bungalows - these double-storey zero-lot bungalows have a gross built-up area of 3,000 sq ft to 3,800 sq ft and are expected to be launched in August or October 2004. Based on an innovative strata bungalow concept, each unit will have its own lily pond, private pool, roof garden and lawn.

 

Part of the RM5mil Mind centre will be ready this year. Called D'Rimbunan Village Centre, it will be a venue for residents to meet. It will offer facilities like performance space, cafes, convenience stores, sculptures, arts and children's centres. Pedestrian walkways and footpaths will link the centre to the residences and Canal Park.

 

Work on the first three parcels of the park is progressing well. Nature trails are being created in this Body centre that provides sporting and recreational place for the resort's community.

 

As Ronn Yong, General Manager for Property Division puts it: "Leisure Farm Resort has always been maintaining the value of our residential homes, much to our owners' relief. With such significant progress now and much more in line for the near future, gradual appreciation in the value of our properties can be expected if not safely sustained at the current rate. This is indeed a sound investment, both in terms of quality lifestyle and better returns."