Page 31 - ar2011

MALAYSIA
The Group’s joint venture with the Taiko Group (Taiko-
Straits Developments Sdn Bhd) to develop 47 luxurious
freehold bungalows in Ipoh, The Thompson – Flora
Tropika Residences, is progressing well, with phase
2 (The Thompson Collection 2) of the development
being launched in February 2012.
The division is also undertaking feasibility studies on
its existing land parcels in Malaysia as key to unlocking
their value. Talks are ongoing with potential strategic
and commercial partners to explore opportunities for
development based on project plans approved by the
regulatory bodies of Malaysia.
The increase in revenue was
attributable to healthy sales of
premium lifestyle residential
developments and higher
commercial property rental.
STRAITS MEDIA
Revenue at Straits Media Pte Ltd, the company’s out-
of-home advertising media subsidiary, recorded lower
revenue in 2011. Despite the challenging operating
environment, Straits Media continued to be proftable
as a result of prudent cost control measures. ln February
2011, Straits Media acquired a new site at the underpass
at The Sail @ Marina Bay.
The Thomson Flora Tropika Residences – Infnity Pool by Night
The Manor, signature unit of The Thompson Collection 2
29 THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2011