KHA SENG Corp Sdn Bhd is keen to tap into the growing niche retail developments, including lifestyle shopping malls, concept stores and wholesale complexes, especially in the garment and fashion trade in the Klang Valley. The company has several retail projects in the planning stages, which will commence in a few months. Managing director Bernard Bong said Kha Seng would concentrate its resources on the Klang Valley's niche retail, wholesale and commercial projects in the next two years. Kha Seng, a garment manufacturer and wholesaler, diversified into real estate investment 15 years ago and eager to “ride the waves” of the growing commercial property market. Within three years of taking over the management of Kuala Lumpur Central Market, it has successfully turned around the building into a vibrant culture, arts and craft centre. In 2004, the company paid RM38mil for the building's remaining 60 years lease in an open tender by Pengurusan Danaharta Nasional Bhd.
(11-02-2008 The Star)
