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CADANGAN PEMBANGUNAN DI ATAS TANAH SELUAS 15.40 EKAR DI MUKIM BATU,

DAERAH GOMBAK. SELANGOR DARUL EHSAN. (PHASE 1)

4.0 ESTIMATED DEVELOPMENT COST

ELEMENT AMOUNT (RM)

A. PRELIMINARIES ( 6%) 501,931.20

B. PILING WORKS (anticipated depth of 36.00m)

i. Double Storey Link House -

ii. Shop Office - 2 Blocks @ 57,857sq.ft / block @ RM 4.50/ sq.ft 520,713.00

520,713.00

C. BUILDING WORKS

i. Double Storey Link House (6 Blocks)

a) Corner lot : 6 Blocks x 1 unit @ 1,600 sq.ft. /unit @ RM 58/sq.ft 556,800.00

b) Interm. lot : 6 Blocks x 6 units @ 1,400 sq.ft./unit @ RM 54/sq.ft 2,721,600.00

c) End lot : 6 Blocks x 1 unit @ 1,400 sq.ft./unit @ RM 55/sq.ft 462,000.00

3,740,400.00

ii. 3-Storey Shop Office (1 Block Only)

a) Corner lot :

G Flr : 1 unit @ 1,804 sq.ft / unit @ RM 44/sq.ft. 79,376.00

1st Flr: 1 unit @ 2,478 sq.ft / unit @ RM 44/sq.ft. 109,032.00

2nd Flr : 1 unit @ 2,478 sq.ft / unit @ RM 44/sq.ft. 109,032.00

b) Interm. lot :

G Flr : 11 unit @ 1,401sq.ft / unit @ RM 42/sq.ft. 647,262.00

1st Flr: 11 unit @ 1,401sq.ft / unit @ RM 42/sq.ft. 647,262.00

2nd Flr : 11 unit @ 1,401sq.ft / unit @ RM 42/sq.ft. 647,262.00

c) End Lot :




2,415,752.00

SUB-TOTAL BUILDING WORKS (i) + (ii) 6,156,152.00

D. MECHANICAL & ELECTRICAL WORKS

i. Link Houses @ 68,400sq.ft. @ RM 12/ sq.ft 820,800.00

ii. Shop Office (1 block) @ 57,857sq.ft. @ RM 15/ sq.ft 867,855.00

1,688,655.00

E. INFRASTRUCTURE

i. Earthworks 636,000.00

ii. Roadworks & Carparks 476,000.00

iii. Surface Drainage 350,000.00

iv. Sewerage 70,000.00

v. Water Reticulation 113,000.00

vi. Retaining Wall 503,000.00

vii. Landscaping 50,000.00

viii.Upgrading of Water Pump 200,000.00

ix. TNB Sub-Station 60,000.00

x. Street Lighting 150,000.00 2,608,000.00

F. CONTINGENCIES 443,372.56

ESTIMATED CONSTRUCTION COST C/F 11,918,823.76

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DAERAH GOMBAK. SELANGOR DARUL EHSAN. (PHASE 1)

4.0 ESTIMATED DEVELOPMENT COST (Cont'd)

ELEMENT AMOUNT (RM)

B /F 11,918,823.76

G. PROFESSIONAL FEE (8.0% of Const. Cost plus 5% Service Tax) 1,001,181.20

H. LAND COST 4,200,000.00

J. DEVELOPER'S MANAGEMENT & SUPERVISION

24 Months @ RM 30,000 Per month 720,000.00

K. PRE-DEVELOPMENT COST (ALLOW)

i. Planning and submission fee 10,000.00

ii. Soil Investigation 10,000.00

iii. Strata title 64,200.00

iv. Survey Engineering 15,000.00

v Capital Contribution

- TNB Contribution 150,000.00

- Telephone Services 100,000.00- IWK 200,000.00

- PUAS 20,000.00

569,200.00

L. SALES AND MARKETING EXPENSES 300,000.00

M. FINANCING CHARGES (From Cashflow)) 400,000.00

ESTIMATED DEVELOPMENT COST 19,109,204.96

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DAERAH GOMBAK, SELANGOR DARUL EHSAN. (PHASE 1)

6.06 ANTICIPATED INCOME FROM SALES

BUILDING UNIT AMOUNT (RM) AMOUNT (RM)

A. Double-Storey Link House

a) Corner Lot, 6 units @ RM 350,000.00 per unit 2,100,000.00

b) Intermediate Lot, 36 units @ RM 290,000.00 per unit 10,440,000.00

c) End Lot, 6 units @ RM 310,000.00 per unit 1,860,000.00

14,400,000.00

B. Shop Office

a) Corner lot :G Flr : 1 unit @ 1,804 sq.ft / unit @ RM 300/sq.ft. 514,140.00

1st Flr: 1 unit @ 2,478 sq.ft / unit @ RM 130/sq.ft. 322,140.00

2nd Flr : 1 unit @ 2,478 sq.ft / unit @ RM 120/sq.ft. 297,360.00

b) Interm. lot :

G Flr : 11 unit @ 1,401sq.ft / unit @ RM 285/sq.ft. 4,392,135.00

1st Flr: 11 unit @ 1,401sq.ft / unit @ RM 120/sq.ft. 1,849,320.00

2nd Flr : 11 unit @ 1,401sq.ft / unit @ RM 110/sq.ft. 1,695,210.00

c) End Lot :




9,798,825.00

TOTAL ANTICIPATED SALES 24,198,825.00

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DAERAH GOMBAK, SELANGOR DARUL EHSAN. (PHASE 1)

MISCELLANEOUS WORK IN PHASE 1

(Loss of Anticipated Profit)

AMOUNT (RM)

1 Land Premium 2,800,000.00

2 Earthwork and Retaining Wall 400,000.00

3 Piling for 2nd Block of Shop Office 250,000.00

Total 3,450,000.00

Development Cost 15,660,000.00

Loss of Anticipated Profit 22% margin

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CADANGAN PEMBANGUNAN DI ATAS TANAH SELUAS 15.40 EKAR, MUKIM BATU, DAERAH GOMBAK.

SELANGOR DARUL EHSAN (PHASE 1)

INCOME FROM INSTALLMENT PAYMENT (RM) FOR TOWNHOUSES

Sales Value

% RM Q1 Q2 Q3 Q4

10% 50% 30% 20%

1st Payment On signing of formal agreement 1,440,000 720,000 432,000 288,000

2nd Payment On completion of work below grd. 10% 30% 40% 30%

level incl. piling, foundation of the

said bld. comprising of the said 1,440,000 432,000 576,000 432,000

parcel

3rd Payment On completion of reinforced 15% 70% 30%

concrete framework and floor

slab of the said parcel 2,160,000 1,512,000 648,000

4th Payment on completion of the walls of the 10% 40% 60%

said parcel with door and window

frames placed in position 1,440,000 576,000 864,000

5th Payment On completion of roofing/ceiling, 10% 30% 60% 10%

elec. wiring and plumbing

(without fittings) to the said 1,440,000 432,000 864,000 144,0

parcel

6th Payment On completion of internal and 10% 70% 30%

external plastering of the said

parcel 1,440,000 1,008,000 432,0

7th Payment On completion of roads drains 15% 100%

and sewerage work serving the

said building 2,160,000 2,160,0

8th Payment On handing over of vacant 15% 100%

possession and connection of

water and electricity supply 2,160,000 2,160,0

to the said parcel

9th Payment a) At the expiry of six months 2.50%

after handing over of vacant

possession 360,000.00

b) At the expiry of twelve 2.50%

months after handing over

of the vacant possession 360,000.00

14,400,000 1,152,000 3,528,000 4,104,000 4,896,0

YEAR 1SCHEDULE OF PAYMENT

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INCOME FROM INSTALLMENT PAYMENT (RM) FOR SHOP OFFICES

Sales Value

% RM Q1 Q2 Q3 Q4

10% 60% 40%

1st Payment On signing of formal agreement 979,883 587,930 391,9

2nd Payment On completion of work below grd. 10% 50% 50%

level incl. piling, foundation of the

said bld. comprising of the said 979,883 489,941 489,9

parcel

3rd Payment On completion of reinforced 15% 70%

concrete framework and floor

slab of the said parcel 1,469,824 1,028,8

4th Payment on completion of the walls of the 10% 40%

said parcel with door and window

frames placed in position 979,883 391,9

5th Payment On completion of roofing/ceiling, 10% 30%

elec. wiring and plumbing

(without fittings) to the said 979,883 293,9

parcel

6th Payment On completion of internal and 10%

external plastering of the said

parcel 979,883

7th Payment On completion of roads drains 15%

and sewerage work serving the

said building 1,469,824

8th Payment On handing over of vacant 15%

possession and connection of

water and electricity supply 1,469,824

to the said parcel

9th Payment a) At the expiry of six months 2.50%

after handing over of vacant

possession 244,970.63

b) At the expiry of twelve 2.50%

months after handing over

of the vacant possession 244,970.63

9,798,825 - - 1,077,871 2,596,6

SCHEDULE OF PAYMENTYEAR 1

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Q4

-

APP/C/7

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Q4

-

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PROJECTED CASH FLOW (WITHOUT FINANCING CHARGES)

TOTAL re-Developme YEAR 1 (RM) Period Q1 Q2 Q3 Q4 Q1

CASH INFLOW (3 Months)

A. Sales Income

i. Town House 14,400,000 1,152,000 3,528,000 4,104,000 4,896,000 -

ii. Shop Office 9,798,825 - - 1,077,871 2,596,689 2,302,724

TOTAL CASH INFLOW 24,198,825 1,152,000 3,528,000 5,181,871 7,492,689 2,302,724

CASH OUTFLOW

a) Construction Cost 11,918,824 1,787,824 ########## ########## 2,383,765 2,979,706

b) Professional Fees 1,001,181 100,118 500,591 50,059 50,059 50,059 50,059 c) Land Cost 4,200,000 4,200,000

d) Management & Supervision 720,000 110,000 110,000 110,000 110,000 110,000

e) Pre-Development Cost - - - - - - -

f) Sales & Marketing Expenses 300,000 300,000 120,000 120,000 120,000 - -

TOTAL CASH OUTFLOW 18,140,005 4,600,118 2,518,414 1,471,941 2,067,883 2,543,824 3,139,765

CURRENT SURPLUS/-DEFICIT (4,600,118.12) ########### 2,056,058.56 3,113,988.13 4,948,864.82 (837,041.12) 2

CUMULATIVE SURPLUS/-DEFICIT (4,600,118.12) ########### ########### (796,485.59) 4,152,379.23 3,315,338.10 5

CON

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Q4

- 14,400,000

- 9,798,825

-

- 11,918,823.75

1,001,181.204,200,000.00

900,000.00

- -

- 660,000.00

-

-

-

-

-

- 18,680,004.95

0.00

#REF!

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SELANGOR DARUL EHSAN.

- PROJECTED CASHFLOW BASED ON PROPOSED LOAN DRAWDOWN AND REPAYMENT

TOTAL Pre-Development YEAR 1

(RM) Period Q1 Q2 Q3 Q4

CASH INFLOW (3 Months)

A) Sales Income

i. Bridging Loan 5,350,000 2,350,000 3,000,000 - - -

ii. Town House 14,400,000 1,152,000 3,528,000 4,104,000 4,896,000

ii. Shop Office 9,798,825 - - 1,077,871 2,596,689

Total Cashinflow 29,548,825 2,350,000 4,152,000 3,528,000 5,181,871 7,492,689

CASH OUTFLOW

a) Construction Cost 11,918,824 1,787,824 1,191,882.38 1,787,823.56 2,383,765

b) Professional Fees 1,001,181 100,118 500,591 50,059 50,059 50,059

c) Land Cost 4,200,000 4,200,000

d) Mgt & Supervision Expenses 720,000 110,000 110,000 110,000 110,000

f) Pre-Development Cost - - - - - -

e) Sales & Marketing Expenses 300,000 300,000 120,000 120,000 120,000 -

SUB-TOTAL 18,140,005 4,600,118 2,518,414 1,471,941 2,067,883 2,543,824

Loan Repayment 5,350,000 - - 1,800,000 3,550,000

Loan Interest (7.50% P.A) 210,938 44,063 100,313 66,563 -

TOTAL CASH OUTFLOW 23,700,942 4,644,181 2,618,727 3,338,504 5,617,883 2,543,824

Cash Inflow/-Outflow 5,307,883 2,294,181- 1,533,273 189,496 (436,012) 4,948,865

Surplus/-Deficit c/f 2,294,181- 760,907- 571,411- 1,007,423- 3,941,442

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Q4

-

-

-

-

-

-

-

-

-

-

-

APP/A/12

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EXECUTIVE SUMMARY

ITEM ELEMENT TOTAL

(RM)

A Preliminaries (6% of B,C & D) 501,931.20

B Piling Works 520,713.00

C Building Works 6,156,152.00

D Mechanical & Electrical Works 1,688,655.00

E Infrastructure 2,608,000.00

F Contingencies (5% of A,B,C & D) 443,372.56

ESTIMATED CONSTRUCTION COST 11,918,823.76

G Professional Fees (8.0% of Const. Cost plus 5% Service Tax) 1,001,181.20

H Land Cost 4,200,000.00

I Developer's Management & Supervision 720,000.00

(RM30,000.00 Per Month x Construction Period)

J Pre-Development Cost (Allowance) 569,200.00

- Including Planning and Submission Fee, Soil Investigation, Strata Title

Survey Engineering, Capital Contribution, etc.

K Sales and Marketing Expenses 300,000.00

L Financing Charges (From Cashflow) 400,000.00

ESTIMATED DEVELOPMENT COST 19,109,204.96

PROJECTED REVENUE 24,198,825.00

PRE-TAX PROFIT 5,089,620.04

RETURN ON DEVELOPMENT 26.63%

COST EXCLUSION

i) Development Charges, if any

Note :

The above estimate is very preliminary pending more detail drawings and information

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DAERAH GOMBAK. SELANGOR DARUL EHSAN (PHASE 1)

EXECUTIVE SUMMARY FOR ALTERNATIVE PROPOSAL

DEVELOPMENT ANTICIPATED PRE-TAX RETURN

COST SALES PROFIT MARGIN

A. ORIGINAL PROPOSAL

i. 96 Units Town House 11,282,288.00 18,240,000.00 6,957,712.00 61.66%

3 15,675,874.48 16,967,680.00 1,291,805.52 8.24%

TOTAL (RM) 26,958,162.48 35,207,680.00 8,249,517.52 30.60%

B. ALTERNATIVE PROPOSAL A

i. 48 Units 2 - Storey Terrace 7,406,000.00 10,560,000.00 3,154,000.00 42.59%

ii. 3 Storey Shop Office 9,504,000.00 13,776,000.00 4,272,000.00 44.95%

TOTAL (RM) 16,910,000.00 24,336,000.00 7,426,000.00 43.91%

C. ALTERNATIVE PROPOSAL B

i. 54 Units 2 Storey Terrace 7,681,000.00 11,880,000.00 4,199,000.00 54.66%

ii. 5-7 Storey Business Centre 19,025,000.00 27,790,000.00 8,765,000.00 46.07%

TOTAL (RM) 26,706,000.00 39,670,000.00 12,964,000.00 48.54%

DEVELOPMENT

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Viability Study 3(20.04.04)