KUCHING: Sentoria Group Bhd (Sentoria) is focusing on project execution and brand building over the medium term.
Following a company’s briefing recently, the research arm of TA Securities Holdings Bhd (TA Research) in a report yesterday said the company is confident of launching maiden phases of Sentoria Morib Resort City (SMRC) and Borneo Samariang Resort City (BSRC) this year.
The research firm noted that the maiden phases of SMRC of BSRC will have an estimated gross development value (GDV) of RM246 million and RM404 million respectively.
Additionally, TA Research said Sentoria plans to spend RM80 million and RM40 million to construct a water park in SMRC and BSRC respectively to create market awareness of the brand new resort developments.
The research firm said construction of the water park is expected to start by end of this year and will take two years to be completed.