Boustead's Property Division is involved in three core activities:

Property Development
Property Investment
Hotel Operations

Property Development

The Division's property development projects are :-

Mutiara Rini

Mutiara Rini, Johor is located approximately 13 km to the north-west of the Johor Bahru City Centre and is easily accessible by the way of the Senai Highway.

Established housing estates surrounding Mutiara Rini are Taman Ungku Tun Aminah, Taman Seri Orkid, Taman Skudai Baru, Taman Nesa, Taman Sri Skudai and Taman Universiti.

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Mutiara Rini is located within the Iskandar Development Region (IDR), the country's latest growth corridor measuring 2,217 sq.km which stretches from Johor Bahru to Senai in the north, the Port of Tanjung Pelepas in the west and Pasir Gudang in the east. Mutiara Rini is expected to benefit from the IDR due to the creation of new jobs and correspondingly, a need for houses and upgrading by existing homeowners.

The creation of Mutiara Rini's Urban Forest with the assistance of expertise from the Forest Reserve Institute of Malaysia (FRIM) features the thematic planting of local species of slow-growing and long-living trees to create a quality environment with an ecosystem that will attract wild birds, insects and small animals. Areas for picnicking and overnight camping are also provided.

Mutiara Rini's house designs feature some of Malaysia's traditional architecture such as the double pitched roof complete with neat lattice works and the 'kampong style' long low windows with horizontal railings fixed across the window. Complementing the traditional features in the design are the more contemporary French and Mediterranean features.

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What Makes Mutiara Rini Different From Other Development?

Mutiara Rini's vision is to be a trend-setter in urban design and to transform habitats into liveable, secure and value-added environments.

(i) The planning concept has adopted an intergrated development where each of the
six parcels will function as self-contained developments with open spaces and
schools as the focal point.
(ii) Looking at accessibility, it is well linked to Taman Universiti (Pontian), Taman
Seri Orkid (Skudai) and Senai Highway thus creates good roads network for the
convenience of the residents.
(iii) A 62-acre Urban Forest is being developed with both active and passive recreational
facilities ready for the residents.
(iv) A hierarchy of road system has been adopted to ensure that no through traffic
transgress local residential streets thus minimising noise and air pollution. Further,
the hierarchy creates an environment which emphasises pedestrian safety and
security of the residents.
(v) The township is bisected by a network of bicycle tracks (separate from the road
system) which is designed to encourage children to cycle to school and promote
cycling as a recreational activity for a healthy lifestyle. Cycling will also minimise
vehicle movement within the neighbourhood. Further each purchaser is given a
bicycle.
(vi) Infrastructure facilities have been placed underground and road kerbs are at 45
degrees to allow for mounting of vehicles if necessary.
(vii) The construction of primary and secondary schools upfront provides the residents
the comfort of knowing a basic need is provided for when he occupies his house.
(viii) A "House Owner's Manual" is a standard features for all house buyers.
(ix) Regular newsletters are sent to the residents and purchasers informing them on
the progress of physical works and community news.
(x) Awarded the Best Planned Development in two consecutive years from Majlis
Daerah Johor Bahru Tengah (MDJBT) and Malaysian Institute of Planners
(MIP) in 1998 and 1999 respectively.

Awards

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Mutiara Damansara
Residential Development - A Preferred Address

Mutiara Damansara is one of the addresses in Petaling Jaya with a freehold title located in a prime area.

High appreciation value - Due to its strategic and much sought after location and quality products, residential properties in Mutiara Damansara have experience high rates of appreciation. For example, when Mutiara Damansara first launched its bungalows and semi-Ds in 2002, selling
prices were RM1.3 million and RM843,000 respectively. Today (2008), these units are changing hands for RM2.4 million and RM1.8 million respectively.

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Mutiara Damansara is also home to the Curve, IKEA, Tesco, Ikano Power Centre, Cineleisure Damansara, Court Megastore, Proton Platinum Showroom, Lexus showroom and UAC's head office.


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Taman Jernih

Started in 1998, Taman Jernih is a 36 acre freehold development in Bukit Mertajam, Pulau Pinang which was developed jointly between Boustead Holdings Berhad and the Keppel Group of Singapore.

The development comprises 515 units of residential houses, mainly double storey terrace houses with the 30% low cost component and few units of semi-detached houses. The project was fully completed in 2005.

183 Ampang

This low rise condominium project comprises only 43 units of luxurious condominium with built-ups ranging from 1600 sq ft to 2600 sq ft. Situated behind the British High Commissioner's office along Jalan Ampang, 183 Ampang is expected to be completed in April 2008.

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Mutiara Hills @ Semenyih

Mutiara Hills, the Group's soon to be launched development project was formerly the Balau Estate, a 1336 acres oil palm estate located in Semenyih. The campus of the University of Nottingham in Malaysia is located here in Mutiara Hills. Development is expected to kick-off with the launch of 1-acre homestead lots for orchards and small homesteads followed by more residential units.


For more information, visit : www.mutiararini.com.my

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Commercial Development - A One-Stop Commercial Precinct

Mutiara Damansara's attraction as one of the most sought after addresses in the Klang Valley is due in part by it being a one-stop retail haven spearheaded by the Curve.

the Curve

the Curve, Malaysia's first lifestyle pedestrianised shopping mall is owned and developed by Mutiara Rini Sdn Bhd, a wholly owned subsidiary of Boustead Properties Berhad.

Boasting an exciting mix of global, regional and local brands, shopping and dining at the Curve promises to be a whole new lifestyle and shopping experience for Klang Valley residents and beyond.

the Curve is flanked by approximately 70 F&B outlets, bistros and cafés with a unique Asian and Western courtyards.

Its retail space comprises 250 shops plus 20 state-of the-art office suites.

For more information, visit : www.thecurve.com.my


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Anchored by top-notch brands

the Curve is anchored by world-class retail establishments namely, IKEA Home Furnishings, IKANO Power Centre, Tesco Hypermarket and Cineleisure Damansara. In addition, top brands
like Border Bookstores and Metrojaya are located within the Curve.

There are 20 corporate lots in the vicinity of the Curve, to create a working day time population of 50,000, adding to the appeal of the Curve and the abovementioned retail establishments as a world-class shopping hub. Thus far several well known corporations have set up or are in the process of setting up their office and/or showroom complex. These include Proton, Petronas, Daimler-Chrysler (M) Sdn Bhd, Toyota Lexus, UAC Berhad, Bentley Music and Batu Kawan Berhad.

The well-planned al-fresco dining area ensures that comfort remains a high priority and as such is temperature-controlled utilising state-of-the-art comfort cooling by a District Cooling Plant (DCP). The DCP utilises an integrated ice thermal energy storage system and cooling energy is stored in ice for use to meet its daily demand for air-conditioning.

Cineleisure Damansara

Complementing the Curve is a flagship entertainment themed mall, Cineleisure Damansara www.cineleisure.com.my, which was conceptualised as a result of a joint collaboration between the Boustead Group and entertainment giant, Cathay Group.

Cineleisure Damansara features carefully selected tenants, including lifestyle retail shopping, restaurants, casual dining as well as a myriad of leisure activities found in the games arcade, cyber-gaming, bowling and a choice of 10 screen cineplexes. All in all, this development offers one a hip and trendy entertainment and leisure centre that embraces a highly successful multi-sensory experiential formula that will entice all the five human senses.

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Successfully opened in mid-2006, Cineleisure Damansara is the final piece of the puzzle that completes the Mutiara Damansara one-stop retail hub.

Property Investment

The Group's property investments include amongst others the following major investments:-

Menara Boustead Jalan Raja Chulan 29 Storey Office Block
Menara Affin Jalan Raja Chulan 20 Storey Office Block
Wisma Boustead Jalan Raja Chulan 8 Storey Office Block
Menara Boustead (PENANG) Jalan Sultan Ahmad Shah 22 Storey Office Block

Menara Boustead, Menara Affin and Wisma Affin are all located in Kuala Lumpur's Golden Triangle and command high rental yields with high occupancy rates.

Maintenance of the buildings are of the highest standards and the Group's Property Management boasts of a ISO 9001/2000 certification.


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Hotel Operations

The Group's label of hotels comprises:

Royale Bintang, Kuala Lumpur
418 rooms
Royale Bintang, Damansara
145 rooms
Royale Bintang, Resort & Spa, Seremban
345 rooms

Two more hotels are expected to be added in the list, the 396-room 5-star Royale Chulan Hotel in Jalan Conlay, Kuala Lumpur and the 300-room 4-star Royale Bintang, Penang located at Weld Quay in Penang.

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Please visit our websites :
The Royale Bintang Kuala Lumpur - www.royale-bintang-hotel.com.my
The Royale Bintang Damansara - www.royalebintang.com.my


Other investment properties comprise residential bungalows and industrial warehouses across the country.

Corporate Social Responsibility
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Hari Raya 2007 - Buka Puasa session at Shilla Korean Buffet Restaurant with 30 children from Asrama Damai, Kuang. The
children returned home with a new set of baju raya, duit raya from
the Management and gifts from MPH Bookstores and MCKY.

Spirit of Christmas 2007 - the Curve treated a group of orphans from Rumah Juara, to a Christmas dinner and presented them with the opportunity to get up close and personal with local celebrity Vince Chong.

Chinese New Year 2008 - the Curve has invited 30 senior citizens from Rumah Charis and Grace Home to a Chinese New Year launch recently. The senior citizens were treated to exciting and colourful dressed lion dance performances and Han Dynasty martial arts show. They also received goodie bags worth RM200 and an ang pow each from the Management. The itinerary of the day was followed by a lunch at Ah Tuan Ee's, one of the Curve's popular restaurants.


Facilities built for residents in Mutiara Rini, Johor.
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Masjid Mutiara Rini Sekolah Kebangsaan Mutiara Rini

Sekolah Menengah Mutiara Rini Mutiara Rini's Playground

Mutiara Rini's Urban Forest Mutiara Rini's Urban Forest


Annual Report - Boustead Properties Berhad
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