SHAH ALAM: Kumpulan Hartanah Selangor Bhd (KHSB), the property arm of Kumpulan Darul Ehsan Bhd (KDEB), is optimistic of positive growth this year as the company embarks on the development of prime commercial land in Petaling Jaya, says Chairman Raja Idris Raja Kamaruddin.

He said joint development plans of the 3.84 hectare piece of land in the heart of Section 14, Petaling Jaya, was currently being finalised,

"The development of shop offices, small-office-home-office (SOHO), office tower and service apartments will begin by year-end and contribute close to RM1 billion in gross development value (GDV) over seven years.

"This will build a strong foundation for the company's continuous growth," he told a press conference after the company's annual general meeting.

Raja Idris also said several proposals have also been received for the development of 2,000 hectares of land in Bestari Jaya (Batang Berjuntai) in Selangor.

-- BERNAMA