Asas Dunia Berhad was incorporated on 18th December 1982 as a property developer. The Company was listed on main board of Bursa Malaysia Securities Berhad on 25th January 1995. The Company has completed 21,724 units of mix development projects comprising of residential, commercial and industrial buildings since incorporation.
Whilst the Company continues to launch new projects, the Company also remained committed to adding value to its ongoing projects. At present, the Group has eight on-going development projects comprising a total of 675 units of residential, commercial and industrial properties with a development value of RM227.8 million.
Prudently managed with very minimal bank borrowings, the Company has completed 539 units of residential properties with certificate of occupation obtained namely Desa Impian (Phase 1), Residensi Merbok (Phase 1) and Sungai Duri Permai.
Investing in choice parcels of land which will contribute positively towards the future earnings of the Group remains the strategic direction and emphasis of the Board. As at 31 December 2012, the Group has 1,285.90 acres of strategically located landbank held for development. Its choice parcels of land extend from Seberang Perai Selatan and Tengah in prime areas of Bukit Mertajam, Nibong Tebal, Jawi, Sungai Bakap and Simpang Ampat. The 24km Second Bridge linking to Batu Kawan on the mainland to Batu Maung on the island is expected to be completed by year 2013. This will not only alleviate traffic on the existing Penang Bridge but also stimulate the economy of its surrounding areas.
The Company is planning to launch 138 acres residential development project in Valdor, Seberang Perai Selatan by phases. The first phase will be launched end of year 2013. This project is expected to have a total Development value of RM417 million. Supported by its successful launchings to date and positive demand of properties, the Group remains committed to its vision of developing affordable modern lifestyle and quality homes at prime locations to ensure continuous growth in sales and earnings.