YTL Land & Development Bhd

YTL Corporation's residential property development activities are undertaken through 64%-owned YTL Land & Development Berhad, which is listed on the Bursa Malaysia Main Board (Stock Code: 2577, Bloomberg: YTLLMK) with a Market Capitalisation of about RM 619 million (USD 164 million). YTL L&D has built up an excellent track record of building high quality houses, apartments and condominiums with attractive and innovative designs. YTL L&D currently has a land bank of more than 2,000 acres of strategic development land in Malaysia. The estimated sales value is RM12 billion ringgit (US$ 3 billion). These strategic land banks have no holding costs. Among YTL L&D's largest project at present is Sentul, the innovative 294 acre residential and commercial development and Malaysia's first private gated park in Kuala Lumpur, which is expected to generate an estimated RM 8 billion (US$ 2.1 billion) in sales over the next 7 years. The first residential development in both Sentul East and Sentul West sold very well.