CSSB Annual Operating Plan 2023

2023

ANNUAL OPERATING
PLAN

SURVIVABILITY & SUSTAINABILITY

Flagship Developments & Initiatives

Wholly-owned Subsidiary

Prepared by : BOD’s Approval : 16 Dec 2022
AOP 2023 Issuance : 30 Dec 2022
Norhasimah Churiki
Assistant Manager Accounts Approved by :

Mohd Fahmi Aziz Mohamad Razif Abdul Wahab
Assistant Manager Finance Chief Executive Officer

Reviewed by :

Amran Abdul Wahab CONFIDENTIAL-DONOTDISSEMINATE:
Senior Manager Finance
This business plan contains confidential, trade-secret information and is
shared only with the understanding that you will not share its contents
or ideas with third parties without the express written consent of the
plan author.

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

TABLE OF CONTENTS

PART 1 : OVERVIEW & ANALYSIS Page PART 3 : AOP 2023 - BY DEPT Page
❑Executive Summary 5 ❑ Sales & Marketing 28 – 31
❑Economic & Risk Outlook 2023 ❑ Development 33 – 40
❑Master Plan Pulau Indah 6–7 ❑ Land 42 – 47
❑Vision, Mission, Core Values, SWOT 8 ❑ Finance & Corporate Affairs 49 – 61
❑CSSB Key Strategies ❑ Human Resource, Administration, IT & Legal 63 - 78
❑Available Land for Sale 2023B 9 – 10
❑Key Initiatives 2023B 11 PART 4 : FINANCIAL STATEMENTS 79 - 91
❑Summary of Key Financial Highlights 2023B 12 ❑CSSB Company 92 - 100
❑Approved CSSB Organization Chart 2023B ❑CSSB Group
13 – 14
PART 2 : ASSUMPTIONS & NUMBERS 15 – 16
❑Resources Planning – Manpower Requirement
17
(Headcount)
❑Resources Planning – CAPEX Requirement 19
❑Key Drivers 2023B – Sales, Work Progress & Other
20
Development Planning 22
❑Financial Projection 2023B
24 - 26

PART 1 : OVERVIEW & ANALYSIS

EXECUTIVE SUMMARY CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023 Part 1

The business operating environment remains challenging even though Sale of industrial land is still the key success factor and
Malaysia and the world has entered endemic of Covid-19 in 1st quarter 2022 contributor to the revenue stream of CSSB in 2023 whereby SBB 1A
with all business sectors fully operational and international border being is set to dominate the sales and complete the project in Q4 2023.
opened. While the global economic recovery starting to take pace, the world Remaining lots for completed projects namely SHH 2C & PIIP 3C
is shocked by the eruption of war by Russian over Ukraine and continuing shall be fully sold in year 2023 too.
trade war between USA & China has further shaken the global economy and
political stability. Listed below are the approved key initiatives to be rolled out in
2023:
Against the backdrop of potential global and domestic economic crisis due to
the high inflation rates, increasing interest rate and reduction of Ringgit i. Integrated Total Solution Provider - Innovative Development
value, the outlook for year 2023 continue to be a challenging year for and Facility Management & Maintenance (SBB 1A, PIIP 3C and
Central Spectrum (M) Sdn Bhd (CSSB). Nevertheless, the management is SHH 2C)
unwaveringly committed to deliver another remarkable result in 2023. The
focus shall continue to work on key strategies of bringing back beauty to ii. People and Investors Destination (The Magnet & Beautification
Pulau Indah and creating a healthy, conducive working condition and of Laguna Project )
lifestyles, with the objective to maximize the land value and properties at
Pulau Indah. iii. Culture of Excellence – People Driven, Performance Oriented

With a theme of SURVIVALABILITY AND SUSTAINABILITY, CSSB is geared up to This Annual Operating Plan 2023 is prepared and presented based
be more RESILIENT in facing various business challenges ahead. CSSB is very on the approved Budget 2023 dated 16 December 2022 with the
optimistic about the future of its business with the turnaround of sales consideration of important key performance indicators to align
performance during the FY2022 and continues to focus and strengthen its with the overall strategies and initiatives of CSSB.
position as a reputable and respected Master Developer of Pulau Indah.
Let us continue to aim high and put our efforts together for a
sustainable future of CSSB.

p. 5

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

ECONOMIC OUTLOOK 2023

Overall the property market outlook is Part 1
challenging and competitive amid high
“The strong demand for industrial properties is supported by inflation rate. However, the industrial sector
rising eCommerce activities, investment diversion from China still remains strong.
over the escalating United States-China trade war and
limited supply of industrial parks, versus other property
segments,” it said, adding that these ensured good offtakes

Source: thestar.com.my - Developers turn positive on industrial property market

The local industrial sector has seen steady growth while the The International Monetary Fund (IMF) has raised its gross domestic
retail sector is recovering with stable increase of occupancy product (GDP) growth forecast for Malaysia in 2022 to 5.4% from
rates, according to the Knight Frank Malaysia’s Real Estate 5.1%. At the same time, the fund cautioned that for the global
Highlights for 1H2022 (REH).The report said the industrial economy in 2023, worse is to come. The IMF also projected that
real estate sector continues to flourish whilst the retail sector is Malaysia would grow at 4.4% next year, lower than its initial forecast
slowly recovering despite concerns over rising inflation. of 4.7% in July.
The fund foresees that global inflation may escalate to 8.8% this year,
Source: www.edgeprop.my - Industrial sector sees growth while retail segment is from 4.7% in 2021, before tapering to 6.5% in 2023 and 4.1% by
2024.
recovering, says Knight Frank
Source: theedgemarkets.com- IMF ups Malaysia's 2022 growth forecast to 5.4%, cuts 2023 projection
to 4.4%, warns of global recession

p. 6

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

RISK OUTLOOK 2023

Part 1

ECONOMIC RISK FINANCIAL RISK OPERATIONAL RISK

❑ Inflation – Increase of ❑ High Interest Rate ❑ Project Delivery
Material & Labor Cost
❑ Reduction of Ringgit Value p. 7
❑ World Economy
Recession 2023 ❑ Customer’s eligibility &
affordability – high credit
risk

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

MASTERPLAN PULAU INDAH Part 1

PIIP Phase 3

SHH SBB Precinct 1 PIIP 3,032 acres
PIIP Phase 2 SBB Precinct 2 Completed & Future

PIIP Phase 1

SHH 390 acres
Completed

SBB 1,218 acres
On-going & Future

SBB Precinct 3

p. 8

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023 Part 1

VISION MISSION

We create destinations for Building innovative quality
communities products and caring for the
environment

CORE VALUES

S - Strength
T - Teamwork
A - Accountable
R - Responsible

p. 9

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

SWOT ANALYSIS Weaknesses Part 1

Strengths ❑ Lack of water infrastructure SBB
❑ Limited reserves for working capital
❑ Industrial Land Developer
❑ Strategic Location next to West Port W& business growth

S ❑ Selangor Government Linked ❑ Road accessibility / infrastructure
Company ❑ Location (lands end)
❑ SKVE as an alternative route ❑ High development cost
❑ Gazetted land ❑ Poor public transport
❑ Skilled & experienced staff
SWOT Threats
Opportunities Outline

❑ Enhanced Land Value ❑ Secondary market (sub-sale) T
❑ Diversification of products locally ❑ Cost overrun
❑ Shortage of water supply
O and globally ❑ Developments along SKVE highway
❑ State / Private Land outside Pulau ❑ Accident prone area
Indah ❑ High traffic area (trailers)
❑ Strategic Alliances
❑ Kickstart of project to upgrade of
Pulau Indah Ring Road phase 3

p.10

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

KEY STRATEGIES

1 BRING BACK BEAUTY TO 2 HEALTHY & CONDUCIVE Part 1
PULAU INDAH WORKING ENVIRONMENT

p. 11

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

AVAILABLE LAND FOR SALE 2023B

Part 1

FINAL LIMITED
LOTS

CSSB has a total of 36.93 acres of
land available for sale @ 31 Dec.
2022.

PARTICULARS Acres SBBIP
SBB Precinct 1A 18.65 PHASE 2
PIIP 3C 8.92
SHH 2C 9.36 FUTURE
DEVELOPMENT
SBBIP
PHASE 3 p.12

FUTURE
DEVELOPMENT

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

KEY INITIATIVES 2023B

Total AOP Budget 2023B: RM146.49 Mil Part 1

(per Statement of Comprehensive Income) Strategic Overview
2023B
Integrated Solution Provider RM132.76 Mil

People & Investor Destination RM12.54 Mil These 3 initiatives form the

integral part to achieve the

2023’s financial target to

ensure survivability &

Culture of Excellence RM1.19 Mil sustainability of CSSB’s

business

p.13

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

KEY INITIATIVES 2023B

INITIATIVE 1 INITIATIVE 2 INITIATIVE 3 Part 1

SBB Industrial Park - The Magnet Performance
Precinct 1A (RM7.80 Mil) Excellence
(RM92.07 Mil) Beautification of (RM0.79 Mil)
Laguna @ SBB Human Capital
Pulau Indah Industrial (RM4.74 Mil) Development
Park – Phase 3C (RM0.40 Mil)
(RM23.14 Mil) PEOPLE & INVESTOR
DESTINATION CULTURE OF EXCELLENCE
Selangor Halal Hub –
Phase 2C (RM17.55
Mil)

INTEGRATED SOLUTION
PROVIDER

p.14

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

SUMMARY OF KEY FINANCIAL HIGHLIGHTS 2023B

Part 1

Particulars (RM Mil) Group CSSB Targeted revenue and profit before tax
for CSSB Company for 2023 is RM181.53
Revenue 188.50 181.53 million and RM12.46 million respectively.
Gross Profit 51.71 48.77 Revenue recognition of RM181.53 million
Other Income 2.03 2.08 will primarily derive from sales and
Operating Expenses 40.21 38.39 development of SBB 1A, PIIP 3C, and SHH
Profit Before Taxation (PBT) 13.53 12.46 2C.
GP Margin (%) 27%
PBT Margin (%) 27% 7% At consolidation level which involved the
7% Facility Management businesses of a
subsidiary, the expected revenue for
2023 is RM188.50 million and profit
before tax of RM13.53 million.

p.15

REVENUE BY SEGMENT 2023B CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

Property Development Part 1
contributes 96% of the
total group revenue

Group revenue by segment 2023B

181.53

6.97

PROPERTY DEVELOPMENT FACILITY MANAGEMENT

p.16

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

APPROVED ORGANIZATION CHART 2023B – CSSB

Part 1

MOHD RAZIF ABDUL WAHAB
Chief Executive Officer

RUZITA MOHD TAIB ZUKARNINE SHAH ZAINAL NOOR AZHURIL ADNAN JUNED MUSTAFA SHAMSUL ZAHRIN
Head of Finance & ABIDIN Head of Business Head of Development
Corporate Affairs Development SULAIMAN
Head of Sales & Marketing
Head of HRAITL

p.17

PART 2 : ASSUMPTIONS & NUMBERS

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

MANPOWER REQUIREMENT (HEADCOUNT) 2023B

Position 2022UA 2023B Ratio % as per position Part 2

Manager & Above 32 32 24% 46%
Executive 21 21
Non-Executive 17 17 Manager & Above
Total 70 70 Executive
Non-Executive
Department 2022UA 2023B
30%
CEO’s Office 44
Finance & Corporate Affairs 13 13 No new recruitment for
Development 21 21 2023B
Sales & Marketing 12 12
HRA, IT & Legal 20 20 p.19
Total 70 70

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

CAPEX REQUIREMENT 2023B (RM’000)

Categories 2023B Main CAPEX 280 Part 2

Computer 123 Laptop, printers, IT parts & upgrading 123
(Hardware) WIFI
34
Furniture & Fittings 34 Upgrading Dewan Bestari & staff 25
workstation
Office Equipment
Motor Vehicle 25 Upgrading gym equipment
Total
280 Replacement company car

462

COMPUTER FURNITURE & OFFICE MOTOR
FITTINGS EQUIPMENT VEHICLE

p.20

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

KEY DRIVER - SALES

Launching Date SHH 2C PIIP 3C SBB 1A Part 2
Completion/ Expected 2002 Oct 2015 Apr 2019
Completion Jan 2012 Jun 2024 Dec 2023 Total Sales Value 2023B
GDV (RM Mil) 325.49 554.70 176.49 is RM114.05 Mil with
Saleable Acreage 239.04 215.76 57.70 total TUR of 36.93 acres

GP Margin 39% 31% 23% SBB 1A dominates the
RM 28.54Mil RM 27.20Mil RM 58.31Mil sales with target to
Sales Value 2023B complete the project
9.36 8.92 18.65 at the end of 2023
TUR (acre) 2023B RM70 RM70 RM71

Price psf 2023B

p.21

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

KEY DRIVER – WORK PROGRESS

Part 2

SHH 2C PIIP 3C SBB 1A

❑ WP 2023B : Nil ❑ WP 2023B : 3% ❑ WP 2023B : 52%
❑ Cumm WP @ 31 Dec 2022 : 100% ❑ Cumm WP @ 31 Dec 2022 : 97% ❑ Cumm WP @ 31 Dec 2022 : 48%
❑ Completed ❑ Target completion 100% in 2024 ❑ Target completion 100% in 2023

for overall project inclusive of p.22
The Magnet

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

KEY DRIVER – SPECIAL PROJECTS

THE MAGNET Part 2

❑ 30 Units SME Park cum
Commercial & Food Station
3 at Phase 3C (Cost is part
of FS PIIP - Phase 3C)

❑ Tender Award, Q2 2023

BEAUTIFICATION OF LAGUNA ORPHANAGE

❑ Conceptual Design & ❑ Tender Award, Q1 2023
Consultancy, Q1 2023

p.23

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

SUMMARY OF INCOME STATEMENT 2023B (RM Mil)

Particulars Group CSSB Revenue by Project (RM Mil)

Revenue 188.50 181.53 16% Part 2
Cost of Sales (136.79) (132.76)
Gross Profit 28.54
Other Income 51.71 48.77
Salaries & Related Expenses 2.03 2.08 66% 33.33
Office & General Admin
Other Expenses (Quit Rent, (16.97) (14.61) 119.66 18%
Maint, Depreciation, Bank (5.73) (5.56)
Charges & etc) SBB 1A
Profit Before Tax (PBT) (17.51) (18.22) PIIP 3C
Taxation & Zakat SHH 2C
Profit After Taxation (PAT) 13.53 12.46
(4.36) (4.09) SBB 1A contributes 66%
of CSSB total revenue
9.17 8.37

p.24

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

SUMMARY OF FINANCIAL POSITION 2023B (RM Mil)

CSSB

PARTICULARS 2023B Part 2

Net Tangible Assets Per Share (NTA) RM3.82
Quick Ratio (Times) 4

GROUP CSSB

Total Assets Total Equity Total Liabilities

p.25

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

SUMMARY OF CASHFLOW 2023B (RM Mil)

Particulars Group CSSB CSSB Company

Cash receipts from customers & other receivables 179.99 163.71 Investing Activities Part 2
Cash payment to employees & other payables (93.64) (90.30) RM0.87 Mil
(98.99) (88.54)
Cash Payment to suppliers & contractors Purchase of fixed
(9.39) (8.50) Operating Activities assets and receipts Financing Activities
Taxes / zakat paid (22.03) (23.63) (RM23.63 Mil) from interest FD and (RM7.06 Mil)
Net cash flow – Operating Activities
(0.85) (0.46) Proceed from SBB 1A, dividend Proceed from loan
Purchase of property, plant & equipment PIIP 3C and SHH 2C drawdown SBB1A
1.32 1.33 offset with loan
Interest & dividend received (FD/Repo) 0.47 0.87 offset with payment to redemption and
Net cash flow – Investing Activities 42.37 42.37 contractors & suppliers
profit charges
Loan Drawdown (SBB 1A) as well as operating
expenses
Loan Drawdown (USB)
Loan Redemption and financing charges 0.57 - Opening Balance
Net cash flow – Financing Activities (50.78) (49.43) as at 1 Jan 2023
Net increase / (decrease) (7.84) (7.06)
Opening balance (29.40) (29.82) RM57.89mil
Ending balance cash & its equivalents*
58.42 57.89 Ending Balance as
29.02 28.07 at 31 Dec 2023
RM28.07mil

p.26

PART 3 : AOP 2023 – BY DEPT

PART 3 : SALES & MARKETING

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

SALES & MARKETING

Key Result Objective Person in Part 3
Area Charge
• Branding & Customer
• Finance (FIN) Relationship • Zukarnine Shah Zainal
• Customer (CUS) Management Abidin – Head of Sales
& Marketing
• Strengthening &
Marketing Brand
Attributes

p.29

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

SALES SUMMARY

No. Strategic Initiatives Action Plan Price Psf (RM) Acres Sales Value (RM)

1.0 Sales for 2023 SHH - Phase 2C 70 9.36 28,540,512
PIIP - Phase 3C 70 8.92 27,198,864
SBB - Phase 1A 71 18.65 58,310,636

Total Acres/ Sales 36.93 114,050,012 Part 3

p.30

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

SALES TARGET BY MONTH

2023

Particular JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR
SHH - Phase 2C
Total GDV (RM) 325,485,011 Sold units/ acres 229.68 229.68 229.68 229.68 229.68 9.36 239.04 239.04 239.04 239.04 239.04 239.04 9.36
Total Saleable Acreage 239.04 Cumm Sold units/ acres 0.0% 0.0% 0.0% 0.0% 0.0% 239.04 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 239.04
psf (RM) 2023B 70 % of sales 96.1% 96.1% 96.1% 96.1% 96.1%
Cumm % of sales 3.9% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 3.9%
Actual Sales (RM) 296,944,011 296,944,011 296,944,011 296,944,011 296,944,011 100.0% 100.0%
Actual Sales (cummulatively) (RM) 28,541 325,485,011 325,485,011 325,485,011 325,485,011 325,485,011 325,485,011 28,540,512
325,485,011 325,485,011

PIIP - Phase 3C 554,703,494 Sold units/ acres 206.84 206.84 8.92 215.76 215.76 - 215.76 215.76 215.76 215.76 215.76 215.76 8.92 Part 3
Total GDV (RM) 215.76 Cumm Sold units/ acres 0.0% 0.0% 215.76 0.0% 0.0% 215.76 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 215.76
Total Saleable Acreage 70 % of sales 95.9% 95.9%
psf (RM) 2023B Cumm % of sales 4.1% 100.0% 100.0% 0.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 4.1%
Actual Sales (RM) 527,505 527,505 100.0% 100.0% 100.0%
Actual Sales (cummulatively) (RM) 27,199 554,703 554,703 554,703 554,703 554,703 554,703 554,703 554,703 27,198,864
554,703 554,703 554,703

SBB - Phase 1A 176,489,787 Sold units/ acres 1.43 1.51 1.67 1.72 1.74 1.25 48.46 1.01 1.01 50.48 50.48 7.31 18.65
Total GDV (RM) 57.80 Cumm Sold units/ acres 40.57 42.08 43.75 45.47 47.21 48.46 0.0% 49.47 50.48 0.0% 0.0% 57.79 57.79
Total Saleable Acreage 70 % of sales 2.5% 2.6% 2.9% 3.0% 83.9% 87.3% 87.3% 12.7% 32.3%
psf (RM) 2023B Cumm % of sales 70.2% 72.8% 75.7% 3.0% 81.7% 2.2% 1.7% 1.7% 100.0% 100.0%
Actual Sales (RM) 4,423 4,670 5,165 78.7% 5,375 83.9% 146,997 85.6% 87.3% 153,245 153,245 23,245 58,310,636
Actual Sales (cummulatively) (RM) 122,602 127,272 132,437 5,320 143,132 3,866 3,124 3,124 176,490 176,490
137,756 146,997 150,121 153,245

p.31

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

MARKETING BUDGETED COST BY MONTH

2023

Particular JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR

1) Marketing-SBB1A 73,000 10,000 15,400 5,000 148,270 5,300 28,150 5,300 290,420

2) Marketing-SHH 2C 43,000 54,650 32,500 6,000 3,000 3,000 142,150

3) Marketing-PIIP 3C 64,000 65,460 3,000 3,000 135,460

4) Marketing-Others 4,915 10,215 3,215 3,215 3,215 3,215 3,215 3,215 3,215 23,115 13,115 3,115 76,980
a) Membership Renewal Fees/Annual Dinner 100,000 22,000 5,000 5,000 5,000 5,000 100,000
b) Corporate Video 50,000 5,000 50,000 5,000 8,215 5,000 32,000 Part 3
c) Wishing Ads Package in SelangorKini 5,000 60,215 53,215 5,000 50,000
d) Maintenance and Cleanliness of Existing Scale Models 30,215 78,115 35,000
(Pulau Indah & SBB Master Plan) 109,915 13,215 50,000 50,000 50,000 18,115 28,496
e) Market Study 58,215 53,215 53,215 36,611 50,000
f) Company Wide Events/Other Initiatives 278,496
Total 572,476

5) REA 95,042 95,042 95,042 95,042 95,042 95,042 95,042 95,042 95,042 95,042 95,042 95,042 1,140,500

6) Maintenance 18,309 18,309 18,309 18,309 18,309 18,309 18,309 18,309 18,309 18,309 18,309 18,309 219,713
a) Engineering 35,235 35,235 35,235 35,235 35,235 35,235 35,235 35,235 35,235 35,235 35,235 35,235 422,824
b) Landscaping 19,797 19,797 19,797 19,797 19,797 19,797 19,797 19,797 19,797 19,797 19,797 19,797 237,568
c) Security 13,332 13,332 13,332 13,332 13,332 13,332 13,332 13,332 13,332 13,332 13,332 13,332 159,984
d) Housekeeping
e) Waste 1,888 1,888 1,888 1,888 1,888 1,888 1,888 1,888 1,888 1,888 1,888 1,888 22,656
Total 88,562 88,562 88,562 88,562 88,562 88,562 88,562 88,562 88,562 88,562 88,562 88,562 1,062,745

Grand Total 293,519 359,819 268,469 310,819 196,819 289,719 241,819 385,089 268,579 289,869 207,719 231,515 3,343,751

p.32

PART 3 : DEVELOPMENT DEPT

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

PROPERTY DEVELOPMENT

Key Result Objective Person in Part 3
Area Charge
• Innovative
• Finance (FIN) Development Concept • Juned Mustafa– Head
of Development
• Internal Business
Process (IBP) • Ir Abd Razak Adam –
AGM Head of
Development

p.34

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

BUDGETED DEVELOPMENT COST BY MONTH

PHASE - 3C 2023

Particular JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR
1.0 PERMANENT BUND 1,333,000 1,333,000 1,333,000 667,000 667,000 667,000
6,000,000
2.0 MAINTENANCE
Engineering 7,289 7,289 7,289 7,289 7,289 7,289 7,289 7,289 7,289 7,289 7,289 7,289 87,467
Landscaping 38,307 38,307 38,307 38,307 38,307 38,307 38,307 38,307 38,307 38,307 38,307 38,307 459,683
Security 34,607 34,607 34,607 34,607 34,607 34,607 34,607 34,607 34,607 34,607 34,607 34,607 415,284
Housekeeping
480 480 480 480 480 480 480 480 480 480 480 480 5,760
Total
1,413,683 1,413,683 1,413,683 747,683 747,683 747,683 80,683 80,683 80,683 80,683 80,683 80,683 6,968,194
PHASE - 3A
400,000 400,000 Part 3
1.0 LOCAL INFRASTRUCTURE WORKS (VC)
Water Supply 27,890 27,890 27,890 27,890 27,890 27,890 27,890 27,890 27,890 27,890 27,890 27,890 334,685
62,227 62,227 62,227 62,227 62,227 62,227 62,227 62,227 62,227 62,227 62,227 62,227 746,721
2.0 MAINTENANCE 49,410 49,410 49,410 49,410 49,410 49,410 49,410 49,410 49,410 49,410 49,410 49,410 592,920
Engineering 38,988
Landscaping 3,249 3,249 3,249 3,249 3,249 3,249 3,249 3,249 3,249 3,249 3,249 3,249
Security 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 16,800
Upkeeping
Waste 144,176 144,176 544,176 144,176 144,176 144,176 144,176 144,176 144,176 144,176 144,176 144,176 2,130,114

Total

PHASE - 1 (Anjung) 1,814 1,814 1,814 1,814 1,814 1,814 1,814 1,814 1,814 1,814 1,814 1,814 21,762
9,549 9,549 9,549 9,549 9,549 9,549 9,549 9,549 9,549 9,549 9,549 9,549 114,593
1.0 MAINTENANCE 4,941 4,941 4,941 4,941 4,941 4,941 4,941 4,941 4,941 4,941 4,941 4,941 59,292
Engineering
Landscaping 16,304 16,304 16,304 16,304 16,304 16,304 16,304 16,304 16,304 16,304 16,304 16,304 195,647
Security
1,574,163 1,574,163 1,974,163 908,163 908,163 908,163 241,163 241,163 241,163 241,163 241,163 241,163 9,293,955
Total
p.35
Grand Total

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

PROPERTY DEVELOPMENT

Key Result Objective Person in Part 3
Area Charge
• Innovative
• Finance (FIN) Development Concept • Juned Mustafa– Head
of Development
• Internal Business
Process (IBP) • Ir Abd Razak Adam –
AGM Head of
Development

p.36

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

BUDGETED DEVELOPMENT COST BY MONTH

SBB - PHASE 1A 2023

Particular JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR

1.0 PRE DEVELOPMENT COST 350,000 350,000
1) Syabas Contribution 8,000,000 8,000,000
2) TNB HDD Contribution
3) IWK Fees 200,000 200,000
4) Handover to authority 500,000
500,000

2.0 LOCAL INFRASTRUCTURE (VC) 4,517,560 4,517,560 4,517,560 3,388,170 3,388,170 3,388,170 3,388,170 3,388,170 3,388,170 33,881,701
1) Infra 700,000 700,000 700,000 300,000 300,000
2) P1A Upgrading of Laguna 350,000 350,000 350,000 150,000 150,000 300,000 3,000,000 Part 3
STP/ Temporary STP (3M)
3) P1A Tidal Gate Outfall Structure 150,000 1,500,000
4) Retention Sum 1,347,043 1,347,043

3.0 PROFESSIONAL & MANAGEMENT FEE

1) Consultancy Fees 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 1,500,000

Total SBB 1A 14,242,560 5,692,560 5,692,560 4,463,170 3,963,170 5,310,213 3,513,170 3,513,170 3,513,170 125,000 125,000 125,000 50,278,744

SBB 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 422,045

1.0 MAINTENANCE
1) Landscaping

Total SBB 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 35,170 422,045
Grand Total 160,170 160,170
14,277,731 5,727,731 5,727,731 4,498,341 3,998,341 5,345,384 3,548,341 3,548,341 3,548,341 160,170 50,700,789

p.37

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

PROPERTY DEVELOPMENT

Key Result Objective Person in Part 3
Area Charge
• Innovative
• Finance (FIN) Development Concept • Juned Mustafa– Head
of Development
• Internal Business
Process (IBP) • Kamari Jasamin -
Manager

p.38

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

BUDGETED DEVELOPMENT COST BY MONTH

Particular JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR

1.0 LOCAL INFRASTRUCTURE WORKS (VC) 3,719 3,719 100,000 250,000 250,000
1) Water Reservoir at Phase 2C 12,768 12,768 100,000 200,000
2) Upgrading M&E Works at
Phase 2C (Contribution Charges 1,180,000 480 480 1,180,000
to TNB) 39,528 39,528
3) Sewerage System - Release of 56,494 56,494
Retention Fund

2.0 PROFESSIONAL & MANAGEMENT FEE 37,500 75,000 112,500 225,000 Part 3
1) Consultancy Fees

3.0 MAINTENANCE 3,719 3,719 3,719 3,719 3,719 3,719 3,719 3,719 3,719 3,719 44,624
1) Engineering (Entrance Statement) 12,768 12,768 12,768 12,768 12,768 12,768 12,768 12,768 12,768 12,768 153,211
2) Landscaping
3) Cleaning 480 480 480 480 480 480 480 480 480 480 5,760
4) Security 39,528 39,528 39,528 39,528 39,528 39,528 39,528 39,528 39,528 39,528 474,336

Grand Total 56,494 56,494 56,494 56,494 1,273,994 56,494 131,494 56,494 268,994 406,494 2,532,931

p.39

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

PROPERTY DEVELOPMENT

SPECIAL Key Result Objective Person in Part 3
PROJECT Area Charge
• Innovative
• Finance (FIN) Development Concept • Wan Azrini Wan Ariffin
– Sr. Manager Special
• Internal Business Project
Process (IBP)

p.40

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

BUDGETED COST BY MONTH

Particular 2023
1.0 The Magnet
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR
1.1 30 Units SME Park cum Commercial & Food
Station 3 at Phase 3C 516,804 292,562 411,863 940,779 1,452,898 1,292,784 1,486,563 1,488,455 7,882,709

Total 516,804 292,562 411,863 940,779 1,452,898 1,292,784 1,486,563 1,488,455 7,882,709

2.0 Laguna 473,797 473,797 473,797 473,797 473,797 473,797 473,797 473,797 473,797 473,797 4,737,970 Part 3
2.1 Beautification of Laguna @ SBB 473,797 473,797 473,797 473,797 473,797 473,797 473,797 473,797 473,797 473,797 4,737,970
Total
16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 200,000
3.0 Others 16,667 16,667 60,000 16,667 16,667 60,000 16,667 16,667 60,000 16,667 16,667 70,000 250,000
3.1 Study visit 16,667 76,667 76,667 76,667 86,667 450,000
3.2 Consultancy Fee
16,667 550,464 1,007,268 490,464 843,026 902,327 1,431,243 2,003,361 1,783,248 1,977,027 2,048,918 13,070,679
Grand Total

p.41

PART 3 : LAND DEPT

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

LAND ADMINISTRATION

Key Result Objective Person in Part 3
Area Charge
• Effective Land
• Business Growth Administration • Noor Azhuril Adnan –
(FIN) Services Head of Business
Development & Land
• Internal Business
Process (IBP) • Mohd Sharil Mat Jamin
– Manager Land
• Customer
Relationship
Management (CRM)

p.43

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

CORE STRATEGIES

No. Strategic Initiatives Action Plan TIMELINE (QTR & RM)
Q1 2023 Q2 2023 Q3 2023 Q4 2023 Staff Incharge Total Cost

Compliance with authorities requirements to ensure business  9,080,000
1.0 1.1 Land Matters
3,666,807
continuity and sustainability 1,263,425

1.2 Quit Rent (Undevelope properties)   988,799
1,204,250
1.3 Quit Rent (Develop Properties)  
119,478
1.4 Assessment  174,000

1.5 DID Contribution  37,640,419

1.6 Property Insurance  Part 3

1.7 Land Inventory/Monitoring 

1.8 Conversion of Land - Selangor Bio 
Bay

Total Cost 54,137,177

p.44

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

BUDGETED COST BY MONTH 2023
YEAR
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

1.0 Land Matters 5,000,000 35,000 5,000,000
1 Surrender & Realienation 204B NLC for P1A SBB 100,000 350,000
2 Inai Kiara Subdivision & Lot 109054 Lot 140209 350,000 135,000 100,000
3 Surrender & Realienation 204B NLC for Orphanage Complex 100,000 280,000
4 Strata The Magnet (Low Cost Factory) 280,000 250,000
150,000
5 Anjung Blok 22 Change of Zoning 150,000 250,000 180,000
250,000
6 Surrender of TNB Titles - Phase 3A, 3B, 3C 45,000 45,000 45,000 45,000 2,070,000
35,000
7 Authority Relationship & Enggagement Initiative 1,000,000 1,000,000 500,000
8 Replacing Old Title to New Title at land office (Section 10) Phase 2, SBB - 250,000
100,000 200,000
Land acquisition (20 acres Shah Alam / 6 Acres Precint 2 SBB / 1,250,000
9 9,080,000

Telemarketing Sdn Bhd)

10 Land Valuer - Market Value/ Land Consultancy

Total land matters 910,000 5,150,000 45,000 45,000 1,000,000 500,000 45,000

2.0 Quit Rent (Undevelop properties) 325,211 325,211 Part 3
1 PN 115177 LOT 159969 - PN 7929 Lot 74085 (Old Title) (SBB) - Presint 1A 738,123 738,123
2 PN 115178 LOT 159970 - PN 7929 Lot 74085 (Old Title) (SBB) -Presint 1B 1,100,570 6,499 1,100,570
3 PN 115179 LOT 159971 - PN 7930 Lot 74084 (Old Title) (SBB) - Presint 1A 218,196 10,962 218,196
4 PN 115180 LOT 159972 - PN 7930 Lot 74084 (Old Title) (SBB) - Presint 1B 670,573 670,573
5 HSD 163385 PT 154765 - PN 7931 Lot 74083 (Old Title) (SBB) - Preint 1B 96,044
6 PN 115181 LOT 159974 - PN 7931 Lot 74083 (Old Title) (SBB) - Presint 1A 7,137 7,137
7 PN 112468 Lot 171809 - PN 7925 Lot 74088 (Old Title) (SBB) 25,221 6,499
8 PN 112467 Lot 171797 - PN 7925 Lot 74088 (Old Title) (SBB) 25,000 55,587 10,962
PN 112466 Lot 171796 - PN 7925 Lot 74088 (Old Title) (SBB) 117,818
9 96,044
Precinct 3 21,701
25,221
10 PN 112469 Lot 171806 - PN 7926 Lot 74087 (Old title) (SBB) 123,165 55,587
11 PN 112470 Lot 171798 - PN 7926 Lot 74087 (Old title) (SBB) 100,000 117,818
12 Section 10 Undevelop Land (SBB)-Precinct 2 25,000
21,701
10 Units Shop Office (Laguna Square) / 24 Units Undevelop (Section 10)
13 123,165
100,000
/TLK (KAD) - PT 79508 (SBB)
14 PN 109054 Lot 140209 - Inai Kiara 50,000
15 Outstanding Quit Rent 2020 + Penalty Fees 7%
16 Quit Rent Contingency 3,666,807

Total Quit Rent (Undevelop properties) 3,059,810 25,000 581,997 p.45

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

BUDGETED COST BY MONTH 2023

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR
3.0 Quit Rent (Develop properties)
702,594 79,405 - Part 3
1 37 Units Industrial Land - Phase 3A (PIIP) (Balance : 4 Units) 146,779 702,594
2 20 Units Industrial Land - Phase 3B (PIIP) 45,772 139,965
79,405 146,779
11 Units Industrial Land - Phase 3C (PIIP) & 1 Unit Low Cost Factory (The 5,678 45,772
3 25,000 1,283 79,405
999,550 12,544 79,405
Magnet) 25,000
4 PE & PMU TNB - 24 units Phase 3B & 3C 139,965
5 Phase 2C - Industrial Lot (3 Lot + Lot 74 - Worker's Accomodation) (PIIP) 263,875 5,678
6 Block 22 - Anjung 7 Lot 1,283
7 Shop Office Indah Point (6 Units ) / Future Developement Indah Point 3,429 3,429 12,544
93,105 93,105 50,000
Tower 119,705 119,705
8 Food Station /Surau - Phase 1 5,940 5,940 1,263,425
9 Police Beat (Lot 1A) - Phase 3A 1,440 1,440
10 PE & PMU TNB - 11 units + 1 unit Pylone Signage + 1 unit Vacant Land (Lot 22A) 6,858
11 Quit Rent Contingency 1,215 1,215 186,210
82,500 82,500 239,409
Total Quit Rent (Develop properties) 125,000 125,000 11,880

4.0 Assessment 1,566 1,566 2,880
1 10 Units Shop Office (Laguna Square) 3,000 3,000 2,430
2 PN 112462 Lot 159227 - PN 12229 LOT 104400 (Old Title) (PIIP - Phase 3B) 2,500 2,500 165,000
3 PN 112454 Lot 104621 - PN 7934 LOT 74079 (Old Title) (PIIP - Phase 3C) 5,000 5,000 250,000
4 6 Units Shop Office Indah Point 50,000 50,000 3,132
5 Food Station 6,000
6 Jetty Pier 494,400 494,400 5,000
7 Phase 1A, SBB ( 44 Lots Industry / 1 Commercial) 10,000
8 Phase 1B - (67 Lots Indutry / 7 Commercial) 100,000
9 Police Beat - Phase 3A
10 PE & PMU TNB - 11 units Phase 3A 988,799
11 Orphanage
12 SBB Sales Galery p.46
13 Assessment Contingency

Total Assessment

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

BUDGETED COST BY MONTH

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2023
1,154,250
5.0 DID Contribution 50,000 1,154,250 YEAR
1 DID Contribution - RM15K Per hectare (JPS Contribution) 50,000
i) Phase 3B, SBB - 190.167 acre = 76.95 hectare (RM15K /hec 76.95 = -
RM1,154,250.00) 1,154,250

2 DID Contingency 50,000

Total DID Contribution 1,204,250

6.0 Property Insurance 1,418 1,418 Part 3
1 4 Storey shop office, Phase 1A, Sec.8 (2 UNITS) 2,363 2,363
2 Shop Office, Phase 1C, Laguna Park (10 UNITS) 13,236 13,236
3 Jeti Pier One and Two, Section 10. (1 UNIT)
4 3 Units Billboard, 2 Units Mini Billboards, 8 units Bunting, 81 units Light Box 275 275
5 Food Station Phase (Building) 3,031 3,031
Surau (building) - Fire & Perrils
All glassess & mirros - All risks 601 601
All equipments - All risks 268 268
6 Entrance Guard House - Phase 2C Selangor Halal Hub 222 222
Location 1 : Lot 3,5,7 & 9, Jalan Perigi Nanas 8/6, Indah Point, Pulau Indah, 5,500 5,500
Seksyen 8, 42920 Port Klang, Selangor 9,155
Location 1 : Lot 124671, Persiaran Pulau Lumut, Laguna Park, Pulau Indah, 9,155
42920 Port Klang, Selangor 13,408
Location 1 : Phase 3A, Pulau Indah, 42920 Port Klang, Selangor 13,408 20,000
7 Insurance Contingency 50,000
20,000
50,000 119,478

Total Property Insurance 119,478

p.47

BUDGETED COST BY MONTH CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

2023

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR
2,000 2,000
7.0 Land Inventory/Monitoring 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
1 Land Monitoring Monthly Report by USB - Monthly RM2K x 12 Months 75,000 75,000 150,000
2 Demolition of Illegal Structures/Sign Board

Total Land Inventory/Monitoring 2,000 2,000 77,000 2,000 2,000 2,000 2,000 2,000 77,000 2,000 2,000 2,000 174,000

8.0 Conversion of Land - Selangor Bio Bay 50,000 50,000
1 Floating Market - Phase 2A 50,000
2 Esplanade - Phase 2A 50,000 18,345,209 36,690,419 Part 3
3 Integrated Logistic Hub - Phase 3C (Residential to Industry) (Premium) 18,345,209 425,000 850,000
4 Survey Fee Phase 3C - Conversion or Subdivision
425,000

Total Conversion of Land-SBB 50,000 18,820,209 18,770,209 37,640,419

GRAND TOTAL 121,478 3,556,210 2,061,550 5,152,000 892,872 1,341,250 47,000 1,496,400 19,397,209 47,000 2,000 20,022,209 54,137,177

p.48

PART 3 : FINANCE & CORPORATE AFFAIRS DEPT

CENTRAL SPECTRUM (M) SDN BHD | Annual Operating Plan 2023

FINANCE

Key Result Objective Person in Part 3
Area Charge
• Financial
• Finance (FIN) • Key Account • Ruzita Mohd Taib –
Head of Finance &
• Internal Business Management Corporate Affairs
Process (IBP)

p.50