PROJECT LOCATION MAP

PROPERTY DEVELOPMENT

Since its venture into property development in 1989, the group and its related company, Panoramic Housing Development Sdn Bhd, have completed and sold 724 units of industrial properties and 4,316 units of residential and commercial properties valued at RM597.1 million and RM455.2 million respectively. The group’s property development activities are undertaken by wholly owned subsidiaries Panoramic Industrial Development Sdn Bhd and Crescendo Development Sdn Bhd. The group’s niche lies in the development of industrial properties, CCB is in fact one of the largest private industrial developers in Johor.

Ongoing development projects include Taman Perindustrian Cemerlang (industrial properties), Desa Cemerlang (township), Bandar Cemerlang(township), Taman Dato' Chellam and Nusa Cemerlang Industrial Park and future development of Ambok Resort will keep CCB busy until the next decade.

Taman Perindustrian Cemerlang (TPC)- Amongst the largest industrial parks in Johor
Catering for light and medium scale industries, Taman Perindustrian Cemerlang (TPC) is located 15km from Johor Bahru, 30km from Senai Airport and 16km from Singapore. The prime location and proximity to Singapore has made it the prime choice of industrialists. The project is expected to house some 1,000 factories once fully developed, compared to some 700 currently. Nearly 60% of the clients are involved in four major sectors—i.e. plastic, engineering, electronics and foodstuff. The list of buyers include AE Rubber Sdn Bhd, London Biscuits Bhd, Meiban Plastics Sdn Bhd, EW Plastic Sdn Bhd, Plastronic Industries Sdn Bhd, Synturn (M) Sdn Bhd, Thong Siek Food Industry Pte Ltd, PNE Precision Sdn Bhd, Mega Kabel Sdn Bhd, Chosen Plastic Sdn Bhd and Bee Chun Heng Foodstuff Sdn Bhd. Over half of the clients are Singaporeans.

In addition, the large pool of manpower within the vicinity—especially in the neighbouring Desa Cemerlang—offers added attraction. The industrial lots—which range from 3,600 to 60,000 square feet—are competitively priced, since construction is undertaken by in-house construction company, Unibase Construction Sdn Bhd. Consequently, there have been numerous repeat sales and introduction of new buyers by existing customers.

Desa Cemerlang - Offers the splendor of a self-contained lifestyle living
Desa Cemerlang (DC), which is located next to TPC, is a self-contained township comprising some 6800 units of mixed development. It is strategically situated some 16km from Johor Bahru and 22km and 25km from Pasir Gudang and Senai Airport, respectively. Earlier phases have been completed and sold out, and the Group is now embarking on phase 5H. To improve its product quality, the group offers value-added features like better landscaping, gated community and “clusterhome” concept.

Bandar Cemerlang - The next wave
In 2001, the Group acquired 1,390.22 acres of new landbank near Ulu Tiram which will be developed into Bandar Cemerlang. Phases 1, 2 & 5 of the project are expected to commence in July 2006 with the development of double-storey link houses and single-strorey link house. The Bandar Cemerlang project is expected to generate approximately RM2.5 billion of revenue and RM0.7 billion of PAT over at least 12 - 15 years.

Ambok Resorts Development Sdn Bhd - Earmarked for future development
The property division also includes Ambok Resorts Development Sdn Bhd (Ambok), which was set up on 4 January 1995. The company was established to undertake resorts and leisure operations on 842.9 acres of landbank off the Kota Tinggi-Penggarang main road and sited at the estuary of Sg. Lebam and Sg. Ambok. To date the company has not commenced operations. However, in view of the proposed construction of the RM500 million bridge across Sungai Johor and a RM800 million expressway linking Senai with Bandar Penawar of Desaru passing through this land, development of this project will probably commence in year 2010.

Taman Dato’ Chellam (TDC) - Making its mark in Tebrau
On 12 May 2004, newly incorporated subsidiary Panoramic Jaya Sdn Bhd entered into a Sale & Purchase Agreement with Petunas Development Sdn Bhd (the Vendor) and Chellam Investment Sdn Bhd (the Proprietor) to acquire 37.6 acres of land in Mukim Tebrau for RM9.28 million. The said land has been approved for mixed residential, commercial and industrial development—i.e. part of the project called Taman Dato’ Chellam. This project is expected to generate about RM120 million in revenue over a period of 5 to 6 years.

Nusa Cemerlang Industrial Park (NCIP) - Industrial Hub of Bandar Nusajaya
On 31 May 2004, wholly owned subsidiary Panoramic Industrial Development Sdn Bhd (PID) entered into a conditional agreement with Bandar Nusajaya Development Sdn Bhd (formerly known as Prolink Development Sdn Bhd) (BNDSB), a 64% subsidiary of UEM World to acquire the development rights to develop approximately 342 acres of land in Mukim of Pulai for a consideration of RM2m. The agreement also comes with an option to purchase the land over an eight-year period. This arrangement will enable the Group to achieve its objective of increasing strategic landbank with low initial cash outflow as compared to outright purchase. The land will be developed into an industrial park (NCIP), and will form part of Bandar Nusajaya, in which BNDSB is the master developer. As at 6th April 2004, the land has a market value of RM104.3m and the option price as at development date is RM106.3 m. In March 2005, PID has also entered into another conditional Sale and Purchase Agreement with BNDSB to acquire an additional 40.61 acres of land adjacent to NCIP which will further increase the size of NCIP from 342 acres to 382 acres.