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Article: Start of a whole new ambition
- Article from:
- New Straits Times
- Article date:
- October 25, 2008
- Author:
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Andrew Wong
New Straits Times
10-25-2008
Start of a whole new ambition
Byline: Andrew Wong
Edition: Main/Lifestyle
Section: Property
Column: News
"IT all started three years ago when Al Batha expressed interest to co-develop our second tower (in Mont' Kiara, Kuala Lumpur)," said Bukit Kiara Group (BKG) managing director N.K. Tong at the signing of a joint venture company known as Al Batha Bukit Kiara Holdings Sdn Bhd (ABBKH) in Dubai, the United Arab Emirates, early this week.
"I told Sheikh Salem (Mohammed Al Qassimi, vice chairman of Al Batha) that he was better off as an investor in our apartment units than as a co-developer because our (development) profit margins are very reasonable - ...