WCT land inner.indd - Announcements - Bursa Malaysia

Building Communities.
Creating Value.
Enhancing Lifestyles.
Annual Report 2006

mission
We are fi rmly committed to quality in the planning and execution
of all our projects. These include the choice of design, choice of
materials, close supervision at every stage of the construction and
strict adherence to all our delivery promises;
This ongoing concern for our customers as well as other equally
important aspects of corporate management is further reinforced
and fully refl ected in our commitment to the implementation of
MS ISO 9001 : 2000 Quality Management System and OHSAS
18001:1999 Occupational Health and Safety Management System;
We fully realise and appreciate that our loyal and dedicated
employees are our most valuable assets and accordingly we are
fully committed to the provision of systematic training, orientation
as well as suitable avenues for career advancement;
corporate milestones
1994
Company established as Tradeskill Sdn. Bhd.
1996
Company changed name to WCT Realty Sdn. Bhd. the Property
Development division of WCT Engineering Berhad.
Acquisition of 1 st land bank - 347 acres - Integrated Township
Bandar Bukit Tinggi 1 (BBT 1).
1997
1 st Property Sales Launch - BBT 1.
1999
Acquisition of 2 nd land bank - 562 acres - Integrated Township
Bandar Bukit Tinggi 2 (BBT 2).
2002
Achieved Accumulated Sales of RM 1.0 Billion.
2003
Acquisition of 3 rd land bank - 427 acres - Integrated Township
Bandar Parklands.
vision
To be a reputable developer in the
industry by providing quality value-added
products and services that enhance
stakeholders’ value.
We are fully aware of the constant need to be innovative in
packaging our products, to be adaptable and resourceful, and ever
willing to change for the better;
We will always remain mindful of our shareholders’ interest and
the need to conduct our business, in such a manner so as to ensure
an equitable return on their investment; and
We believe that as a responsible corporate citizen we have an
important role to play for the well-being of society and the
environment and we will continue to make our contribution as
always.
2004
Quoted and Listed on the Main Board of Bursa Securities as WCT
Land Berhad.
Achieved MS ISO 9001:2000 Quality Management System
Certifi cation.
2005
Achieved Accumulated Sales of RM 2.0 Billion.
Acquisition of development land - 12.4 acres - Commercial
Development - The PARADIGM @ Petaling Jaya, Selangor,
Malaysia.
Achieved OHSAS 18001:1999 Occupational Health and Safety
Management System Certifi cation.
2006
Ventured into Property Investment & Management - AEON Bukit
Tinggi Shopping Centre in Klang, Selangor, Malaysia.
Acquisition of development land - 21.5 acres - Luxury Homes
Development - d’Banyan Residency @ Sutera, Kota Kinabalu,
Sabah, Malaysia.

cover
rationale
The cover depicts the latest
commercial development project
undertaken by the Group, set to
be an iconic landmark in Petaling
Jaya. The PARADIGM, as we call
it, will have a gross development
value of more than RM1.26 Billion
and comprises of Grade-A Office
Towers and a Shopping Mall
with 5,000 car parks. In Building
Communities, we Create Value and
Enhance the stakeholder’s Lifestyle
of WCT Land.
With the aspiration to achieve
greater heights, WCT Land is
moving forward with a vision to be
a leader in the field of township,
commercial and luxury homes
development as well as property
investment and management.
achievements
(Left)
MS ISO 9001:2000 Quality Management System Certification.
(Right)
OHSAS 18001:1999 Occupational Health and Safety
Management System Certification.
contents
2 Corporate Structure
3 Corporate Profile
4 Financial Highlights
5 Share Price Performance
6 Corporate Information
7 Board Of Directors’ Profile
8 Chairman’s Statement
11 Review Of Group Operations
14 Management Committee
15 Corporate Social Responsibility Statement
17 Corporate Calendar
21 Statement On Corporate Governance
29 Statement On Internal Control
31 Audit Committee Report
37 Financial Report
101 List Of Properties
104 Analysis Of Shareholdings
109 Notice Of Annual General Meeting
Form Of Proxy

Corporate
Structure
Property Development
Property Investment
2 Annual Report 2006
100%
LABUR BINA SDN BHD
Property Development -
Bandar Bukit Tinggi 1
100%
LABUR BINA MANAGEMENT SDN BHD
Maintenance and Management Services on Developed Property
100%
GEMILANG WARAS SDN BHD
Property Development -
Bandar Bukit Tinggi 2
100%
GABUNGAN EFEKTIF SDN BHD
Property Development -
Bandar Parklands
100%
JELAS PURI SDN BHD
Property Investment and Development
100%
CAMELLIA TROPICANA SDN BHD
Property Development
100%
WCT PROPERTIES SDN BHD
Property Investment and Trading in Property
100%
WCT LAND RESOURCES SDN BHD
Investment Holding
100%
BBT MALL SDN BHD
Building Management in Investment Properties
100%
PANTAS MERDU SDN BHD
Investment Holding
100%
BBT HOTEL SDN BHD
(formerly known as Smart Seasons Sdn Bhd)
Investment in hotel

Corporate
Profi le
Established on 28 November 1994 as Tradeskill Sdn. Bhd. the Company changed its
name to Multi Tractor Services Sdn. Bhd. on 26 April 1995, WCT Realty Sdn. Bhd.
on 5 June 1996 and WCT Land Sdn. Bhd. on 8 May 2003. The Company assumed its
present name of WCT Land Berhad (“WCTL or the Company”) when it became a
public company on 25 September 2003. WCTL made its debut on the Main Board of
Bursa Malaysia Securities Berhad (“Bursa Securities”) on 2 December 2004.
WCTL owes its origins to the foresight and determination of the Board of Directors of
WCT Engineering Berhad, who through planned business strategies for diversifi cation
and wise investment, built up WCTL to one of the most profi table and fastest growing
property companies in Malaysia.
Our maiden project Bandar Bukit Tinggi, Klang, situated 40 km West of Kuala Lumpur
City Centre, commenced development in end 1997 during the Asian Economic Crisis.
With sheer hard work and perseverance, strong commitment to succeed, meticulous
and detailed planning and rigid supervision, Bandar Bukit Tinggi has transformed from
a barren piece of land to a bustling and vibrant township, homes to more than 40,000
residents and is today a major commercial and leisure hub in the South Klang Valley corridor. Over a period of 10
years, in the property industry WCTL has achieved total sales exceeding RM2.2 Billion with over 10,000 units of
residential and commercial properties being completed and handed over to satisfi ed customers.
At WCTL, we have our own distinctive philosophy and corporate objectives to be a reputable property company
providing value added quality products and services to our customers. In all our undertakings we are determined:-
•
•
•
•
•
To be innovative in packaging our products and services;
To be service driven;
To be quality conscious;
To be a socially and environmentally friendly corporate organisation; and
To be independent and to act professionally in minding our shareholders’ interest.
A highly acclaimed organisation with the drive to achieve greater heights, WCTL aspires to be a true leader in the
fi eld of township, commercial and luxury homes development as well as property investment and management. As a
responsible corporate citizen, we are invariably committed to good governance and upholding shareholders’ value.
WCT Land Berhad 3

Financial
Highlights
Year Ended
31 Dec 2004
RM’000
Year Ended
31 Dec 2005
RM’000
Year Ended
31 Dec 2006
RM’000
Revenue 305,763 323,705 231,841
Profi t Before Taxation 66,778 83,225 66,557
Taxation (20,676) (24,038) (19,667)
Profi t After Taxation 46,102 59,187 46,890
Shares In Issue (Number) 321,900 321,900 321,935
Shareholders’ Funds 312,812 368,523 409,316
Gross Dividends (%) 3.0 10.0 10.0
Earnings Per Share (sen)* 34 18 15
Net Tangible Assets Per Share (RM) 0.99 1.16 1.27
* Computed based on the Weighted Average Number of Shares in Issue wherever applicable.
REVENUE
(RM´000)
313
369
(RM´000)
306
409
2004 2005 2006
324
2004 2005 2006
SHAREHOLDERS’ FUNDS
4 Annual Report 2006
232
(%)
PROFIT
BEFORE
TAXATION
3
10 10
2004 2005 2006
GROSS DIVIDENDS
(RM´000)
67
83
67
2004 2005 2006
(SEN)
34
18
15
2004 2005 2006
PROFIT
AFTER
TAXATION
EARNINGS PER SHARE
(RM´000)
46
(RM)
0.99
59
2004 2005 2006
1.16
47
1.27
2004 2005 2006
NET TANGIBLE ASSETS
PER SHARE

Share Price
Performance
2006 2007
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
High (RM) 0.520 0.590 0.620 0.685 0.875 0.690 0.730 0.640 0.630 0.615 0.690 0.825 0.850 1.270 1.230
Low (RM) 0.440 0.490 0.550 0.560 0.650 0.590 0.620 0.600 0.585 0.590 0.595 0.650 0.775 0.800 0.800
Close (RM) 0.500 0.585 0.590 0.660 0.680 0.650 0.630 0.610 0.595 0.605 0.665 0.785 0.810 1.000 1.180
Volume (’000) 1,307 1,729 1,661 3,497 11,161 1,645 1,179 476 651 1,271 6,227 6,214 9,976 25,850 20,625
1.200 30,000
1.000
0.800
0.600
0.400
0.200
0
(RM)
Jan
06
Feb
06
Mar
06
Apr
06
May
06
Jun
06
Jul
06
Aug
06
Sep
06
Oct
06
Nov
06
Dec
06
Jan
07
Feb
07
Mar
07
25,000
20,000
15,000
10,000
5,000
0
(’000)
High
Low
Close
Volume
WCT Land Berhad 5

Corporate
Information
Board of Directors Datuk Ir. Chua Sum Poo @
Chua Soon Poh (Independent Non-Executive Chairman)
Taing Kim Hwa (Non-Independent Non-Executive Director)
Wong Sewe Wing (Non-Independent Non-Executive Director)
Choe Kai Keong (Executive Director)
Lai Yeng Fock (Executive Director/Chief Operating Offi cer)
Tan Ah Lay (Independent Non-Executive Director)
6 Annual Report 2006
Audit Committee
Datuk Ir. Chua Sum Poo @ Chua Soon Poh (Chairman)
Tan Ah Lay
Lai Yeng Fock
Nomination Committee
Datuk Ir. Chua Sum Poo @ Chua Soon Poh (Chairman)
Taing Kim Hwa
Tan Ah Lay
Remuneration Committee
Datuk Ir. Chua Sum Poo @ Chua Soon Poh (Chairman)
Taing Kim Hwa
Tan Ah Lay
Options Committee
Taing Kim Hwa (Chairman)
Choe Kai Keong
Lai Yeng Fock
Company Secretaries
Wong Pooi Cheong (MAICSA 0782043)
Chai Wai Teck (MIA 6842)
Auditors
Messrs Ernst & Young
Chartered Accountants
Level 23A, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
50490 Kuala Lumpur
Malaysia
Registered Offi ce
No. 12, Jalan Majistret U1/26
Seksyen U1, Lot 44
Hicom-Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan
Malaysia
Tel : +603-7805 2266
Fax : +603-7805 3548
Principal Place of Business
63, Lorong Batu Nilam 1A
Bandar Bukit Tinggi
41200 Klang
Selangor Darul Ehsan
Malaysia
Tel : +603-3324 3255
Fax : +603-3324 3257
E-mail : wctl@wctland.com.my
Website: www.wctland.com.my
Share Registrar
Symphony Share Registrars Sdn. Bhd.
Level 26, Menara Multi-Purpose
Capital Square
No. 8 Jalan Munshi Abdullah
50100 Kuala Lumpur
Malaysia
Tel : +603-2721 2222
Fax : +603-2721 2530/ 603-2721 2531
Principal Bankers
AmInvestment Bank Berhad
(formerly known as AmMerchant Bank Berhad)
Malayan Banking Berhad
OCBC Bank (M) Berhad
Solicitors
Cheang & Ariff
Zaid Ibrahim & Co
Stock Exchange Listing
Bursa Malaysia Securities Berhad - Main Board
Stock Short Name : WCTLAND
Stock Code : 9156

Board Of
Directors’ Profile
1
Datuk Ir. Chua Sum Poo @ Chua Soon Poh *
Independent Non-Executive Chairman
Datuk Ir. Chua Sum Poo @ Chua Soon Poh, aged 60, was appointed
to the Board on 1 April 2004. He is a Professional Engineer registered
with the Board of Engineers Malaysia, a Chartered Engineer registered
with the Engineering Council, United Kingdom (“UK”), a Fellow of
the Institution of Engineers Malaysia, a Member of the Institution of
Civil Engineers UK and a Member of the Institution of Highways &
Transportation, UK. He has served the Malaysian Government for
thirty-four years and held various senior positions in the Public
Works Department and the Malaysian Highway Authority. He was
the Director-General of the Malaysian Highway Authority from 1996
until his retirement in 2001. Presently, he is a Board member of the
Malaysian Highway Authority, a position he has held since 2001. He
chairs the Nomination Committee, Remuneration Committee and the
Audit Committee.
2
Taing Kim Hwa *
Non-Independent Non-Executive Director
Taing Kim Hwa, aged 53, was appointed to the Board on 8 May 1996
and is one of the founders of the holding company, WCT Engineering
Berhad. Mr. Taing graduated with a Bachelor of Arts (Hons) degree in
Economics. He is the driving force behind the Company’s growth since
its early days as a private limited company. Mr. Taing is a member of the
Nomination Committee and Remuneration Committee and acts as an
advisor to the Management Committee. He is the Managing Director
of WCT Engineering Berhad and through his interest in WCT Capital
Sdn. Bhd., he is also a major shareholder of the Company.
3
1 2 3 4 5 6
Wong Sewe Wing
Non-Independent Non-Executive Director
Wong Sewe Wing, aged 59, was appointed to the Board on 8 May 1996 and
is also one of the founders of the holding company, WCT Engineering
Berhad. Mr. Wong has vast experience in the construction industry
especially in the effi cient running of major project site operations
including the optimum utilisation of plant and machinery. He is an
Executive Director of WCT Engineering Berhad and through his
interest in WCT Capital Sdn. Bhd., he is also a major shareholder of
the Company.
4
Choe Kai Keong
Executive Director
Choe Kai Keong, aged 56, was appointed to the Board on 11 July 2001.
He holds a Bachelor of Science in Civil Engineering and has been
with the company since 1990. Mr Choe has more than twenty-fi ve
years of experience in the consulting and construction industry. He is
responsible for the management of property development projects of
the Group. Mr. Choe is a member of the Management Committee and a
Non-Independent Non-Executive Director of WCT Engineering Berhad.
5
Lai Yeng Fock
Executive Director/Chief Operating Offi cer
Lai Yeng Fock, aged 45, was appointed to the Board on 1 April 2004.
He is trained in the fi eld of civil engineering and has over 18 years
of experience in the property development industry. His main
responsibility is in the planning of development concepts, product
marketing as well as all land related matters. He is a member of the
Audit Committee and Management Committee.
6
Tan Ah Lay
Independent Non-Executive Director
Tan Ah Lay, aged 57, was appointed to the Board on 1 April 2004.
He obtained his accountancy qualifi cation from the Association
of Chartered Certifi ed Accountants (“ACCA”) and his Master of
Business Administration from the University of Malaya, Kuala Lumpur.
He is a Member of the Malaysian Institute of Accountants and a
Fellow of ACCA. He has more than twenty years of experience in
fi nancial and management accounting, treasury and corporate fi nance.
He is a member of the Audit Committee, Nomination Committee,
Remuneration Committee and acts as an adviser to the Risk
Management Committee.
Notes:
All the Directors of the Company are Malaysian and, save as disclosed above, none of the
Directors have:-
(i) Family relationship with any Director and/or major shareholder of the Company;
(ii) Confl ict of interest with the Company; and
(iii) Convictions for offences within the past 10 years other than traffi c offences.
* Denotes Directors who will be retiring at the forthcoming Annual General Meeting
in accordance with the Company’s Articles of Association and being eligible, are
offering themselves for re-election.
WCT Land Berhad 7

Chairman’s
Statement
8 Annual Report 2006
“
Dear Valued Shareholders,
On behalf of the Board of Directors of WCT
Land Berhad, I am pleased to present you
the Annual Report and Audited Financial
Statements of the Group and the Company for
the year ended 31 December 2006.
INTRODUCTION
”
In 2006, the global economy expanded by 5.0%, a further
improvement from the 4.8% achieved in the previous year. Such
growth amidst higher crude oil prices and infl ating interest rates
is extraordinary. During the same period, the Malaysian economy
was stronger and more resilient. Real gross domestic products
(GDP) for the country expanded by 5.9%, up from 5.2% in 2005.
During the year, the property industry in Malaysia, particularly
the residential segment, was softer, affected mainly by infl ationary
pressure on construction materials, interest rates hikes and higher
energy prices. In anticipating the weaker sentiment, the Group
went ahead to defer certain launches in respect of residential
properties.
FINANCIAL OVERVIEW
Despite that, for the fi nancial year just ended, the Group fared
commendably with consolidated revenue of RM231.8 million
compared to RM323.7 million in the previous fi nancial year. Gross
profi t was lower at RM84.6 million, recording a drop of 19%. Profi t
after taxation reduced to RM46.9 million from RM59.2 million
achieved in 2005. Earnings per share (EPS) was 15 sen, a decrease
from the previous year’s 18 sen per share.
DIVIDEND
Notwithstanding that, the Board of Directors is recommending
a fi rst and fi nal dividend of 5 sen per share less 27% tax. The
dividend will be paid in June 2007, subject to the approval by
shareholders at the Annual General Meeting to be convened on
31 May 2007.

Chairman’s
Statement (cont’d)
ENHANCING LAND BANK
During the year, the Company acquired a 21.5 acres 99-year leasehold
land in Kota Kinabalu, Sabah for RM57 million. The land, situated
approximately 2.5 km from the central district of Kota Kinabalu city
centre, offers tremendous potential given its location within the prime
tourist belt near the Sutera Harbour Resort development and is
surrounded by an existing 27-hole golf course.
The Group has planned for luxury homes development on this
land. This would not only launch the Group’s presence into the
high-end residential segment but also provide opportunity for the
Group to expand and diversify development activities beyond current
geographical boundary.
EXPANDING INCOME BASE
On 14 June 2006, the property division made a signifi cant step towards
building a solid base of recurring income activities. WCT Land Berhad’s
wholly-owned subsidiary, Gemilang Waras Sdn. Bhd. (GWSB) signed an
Agreement with AEON Co. (M) Berhad (AEON) for the latter to Lease
a shopping complex to be constructed by GWSB in our township
project Bandar Bukit Tinggi 2 (BBT 2).
The new shopping complex, known as AEON Bukit Tinggi Shopping
Centre, will be one of the largest leisure and entertainment centre
in Malaysia. It will consist of a gross lettable area of approximately
1,000,000 square feet together with approximately 5,000 car parks.
Pursuant to the Agreement to Lease, AEON Bukit Tinggi Shopping
Centre will be leased to AEON for an initial lease term of 10 years,
commencing from the date of commencement of business, with an
option to renew the Lease for another three terms of 5 years each.
SUSTAINING HUMAN CAPITAL
During the year, the Company had established an Employees’ Share
Option Scheme (ESOS) with a 10-year option period expiring in 2016.
The ESOS is offered to eligible employees of the Company and its
subsidiaries to subscribe for new ordinary shares of RM0.50 each in
WCT Land Berhad. Such offerings are administered by the Options
Committee appointed by the Board of Directors of the Company and
is governed by the ESOS By-laws.
The objective of the ESOS is to recognise the contribution by employees
whose services are valued and considered vital to the operations and
continued growth of the Group. In addition, this is part of the various
efforts to enhance the reward and incentive mechanism of the Group
in retaining and attracting capable human resources.
THE YEAR AHEAD
In 2007, the Central Bank of Malaysia forecasts a 6% growth in real
gross domestic product (GDP) for the country. The GDP expansion
is underpinned by sustained global growth and resilient domestic
demand. The consumer price index (CPI) of Malaysia is projected at
between 2% to 2.5% for 2007, lower compared to 3.6% in 2006. The
benign infl ationary pressure is contributed by the moderating energy
prices and the ongoing expansion in productive capacity supported by
the increase of competitive pressure in the global economy.
The Malaysian property market is expected to expand more rapidly in
2007 following the moderate growth in the previous year. The recent
Government’s announcement with regards to the exemption of Real
Property Gain Tax augurs well for the property market going forward.
Further, the easing of foreign investment regulations in property
ownership should attract a higher level of foreign investment in
ownership of real estate in Malaysia.
WCT Land Berhad 9

Chairman’s
Statement (cont’d)
For the rest of 2007, the Group is focusing on delivering value to buyers
in the form of high quality cost effective residential and commercial
properties in our continuing township development projects. In addition,
the Group will embark on a high-end commercial development project
known as the PARADIGM comprising of grade-A corporate offi ces and
a shopping mall, set to be another iconic corporate address in Petaling
Jaya, Selangor. In addition, the d’Banyam Residency @ Sutera project in
Kota Kinabalu, Sabah, a development of luxury homes, is also expected
to be launched in mid-2007.
Apart from expanding our property development activities, the Group
has its sets sights on developing more properties for investment
purpose such as corporate offi ces, a shopping mall and a hotel. These
are aimed at not only to enhance the Group’s earnings potential but
also to build a stable base for recurring income in the future.
We will continue our land bank expansion strategy by implementing
strategic joint ventures with landowners and identifying more land
with potential for future property development and investment both
locally and abroad.
As at 31 December 2006, total locked-in sales yet to be recognised
from our current development activities stood at RM165 million.
With the various strategic business plans put in place coupled with
the favourable measures announced by the Government recently, the
Group expects a better year ahead.
10 Annual Report 2006
ACKNOWLEDGEMENT & APPRECIATION
On behalf of the Board of Directors, I would like to extend my sincere
gratitude to our esteemed customers, valued shareholders, bankers,
business associates and regulatory authorities for their continued
confi dence and support to the Group. To our management and
employees, I would also like to express our appreciation for their
dedication and commitment to the Group. As a team, we will continue
to embrace the challenges ahead and take greater strides in our
endeavour to enhance shareholders’ value and to emerge as a leading
property company in the country.
DATUK IR. CHUA SUM POO @ CHUA SOON POH
Chairman
19 March 2007

Review Of
Group Operations
SIGNIFICANT 2006
Year 2006 marks the Group’s 10 th year in property development. For the past decade,
the property activities of the Group has centered on Township Development with Gross
Development Value (GDV) of RM3.60 Billion. At year ended 31 December 2006, the Group
has successfully achieved accumulated sales of RM2.21 Billion. Apart from having achieved
the solid fi nancial performance over the years, we are proud to have played a successful role
in turning Southern Klang into the fastest growing corridor in Klang Valley. Our townships
Bandar Bukit Tinggi 1 and 2 are today home to a population of approximately 40,000
people. Detailed infrastructure planning combined with various amenities such as schools at
primary and secondary levels, recreational parks, hypermarkets and supporting commercial
properties are creating a unique living lifestyle at the townships. The opening of AEON Bukit
Tinggi Shopping Centre at year end is set to enhance the capital value of properties of our
satisfi ed purchasers.
In charting the business strategy for the next decade, the Group has streamlined the property operations into 4 core
areas, namely:-
• Township Development;
• Commercial Development;
• Luxury Homes Development; and
• Property Investment.
TOWNSHIP DEVELOPMENT
For the year under review, the Group’s Township Development achieved sales amounting to RM187 million new properties
comprising double storey terraced houses, bungalow lands and offi ce blocks with more than RM160 million of new properties
were successfully launched.
WCT Land Berhad 11

Review Of
Group Operations (cont’d)
The Group’s signature township developments, namely:-
• Bandar Bukit Tinggi 1 (BBT 1);
• Bandar Bukit Tinggi 2 (BBT 2); and
• Bandar Parklands,
are strategically located in Klang, Selangor – 40 km West of Kuala
Lumpur City Centre, spanning over 1,336 acres of freehold land.
Integrated Township
Development
BBT 1 BBT 2 Bandar
Parklands Total
Land Area (acres) 347 562 427 1,336
Land Status Freehold Freehold Freehold
GDV (RM Million)
Sales to date
1,191 1,492 919 3,602
(RM Million) 1,002 1,112 99 2,213
Bandar Bukit Tinggi 1
A self-contained integrated development, the project offers a variety
of products ranging from double storey bungalows, double storey
semi-detached houses, double storey terraced houses, 2 1/2 storey
terraced houses, 2 1/2 storey semi-detached houses, apartments, low
cost apartments to three and four storey terraced shop-offi ces and
vacant commercial lands. The presence of 2 internationally linked
hypermarkets, namely the United Kingdom based retail Tesco and
12 Annual Report 2006
Dairy Farm International’s Giant hypermarket, has positioned Bandar
Bukit Tinggi 1 as the new commercial hub of Klang. Bandar Bukit Tinggi
1, launched in 1998, is projected to be fully developed by 2009. The
estimated total gross development value for the whole project is
approximately RM1.19 billion. To date, total sales value has exceeded
RM1.0 billion with the completion and hand over of more than 5,800
units of residential and commercial properties.
Bandar Bukit Tinggi 2
Located adjacent to Bandar Bukit Tinggi 1, Bandar Bukit Tinggi 2 is an
integrated mixed development project which comprises mainly double
storey semi-detached houses, 2 1/2 storey semi-detached houses,
double storey terraced houses, 2 1/2 storey terraced houses, low cost
apartments, condominiums and two storey shop-offi ces. Bandar Bukit
Tinggi 2 was launched in 2001 and is expected to be fully developed
by 2010. The estimated total gross development value for the whole
project is approximately RM1.5 billion. As at 31 December 2006, total
sales value has exceeded RM1.11 billion. To date, approximately 4,600
units of residential and commercial properties were completed and
handed over to purchasers.
Bandar Parklands
In early 2005, the Group embarked on another mixed property
development project known as Bandar Parklands, located approximately
2 kilometres south of Bandar Bukit Tinggi 2. Bandar Parklands, which
spans across 427 acres of freehold land, is projected to have gross
development value of RM919 million. The fi rst launch of terrace
homes was in March 2005 and the development for the whole project

Review Of
Group Operations (cont’d)
is expected to be completed within the next 8 to 9 years. The Bandar
Parklands project offers buyers practical designs, innovative layouts,
high quality fi nishes and 10 cultural theme parks that include Japanese,
Chinese, English, Italian, Balinese, Persian and German settings. At end
2006, approximately RM146 million worth of properties comprising
double storey houses and semi-detached houses were launched, with
sales value exceeding RM99 million.
COMMERCIAL DEVELOPMENT
The PARADIGM @ Petaling Jaya
The PARADIGM is the latest commercial development project by the
Group situated along the busiest urban highway in Malaysia. Target for
launching in mid 2007, the Group has planned the PARADIGM project
with an overall development value of RM1.26 Billion. The project
comprises of approximately 2,044,000 sq. ft. of Grade-A offi ces,
a shopping mall of 436,092 sq. ft., and 5,000 car parks. The Group
intends to retain the shopping mall and part of the corporate offi ces
for investment and management purpose.
BBT_One Commercial
Dubbed as the “Offi ce Building of the Future”, the BBT_One
Commercial project comprises 2 towers of 12-storey corporate offi ces
and 2 blocks of 4-storey commercial and offi ce units. It is strategically
located along Jalan Langat, one of Klang’s main thoroughfares linking
the town to Westport, the Port Klang Free Trade Zone and Port Klang.
The project has a gross development value of RM147 million which
enjoyed a full take up on the low rise 4-storey shop units whilst the 2
Towers were recently launched in end 2006.
LUXURY HOMES DEVELOPMENT
d’Banyan Residency @ Sutera
During the year, the Group completed the acquisition of a development
land in Kota Kinabalu, Sabah covering an area of 21.5 acres and it is
situated within the Sutera Harbour Resort development. The d’Banyan
Residency comprises of 14 detached villas, 48 semi-detached villas and 60
link villas. It has an estimated gross development value of RM250 million.
The Group plans to launch the project in mid-2007.
PROPERTY INVESTMENT
AEON Bukit Tinggi Shopping Centre
In 2006, the Group successfully made signifi cant inroad into property
investment with the signing of the Agreement to Lease AEON Bukit
Tinggi Shopping Centre with AEON Co. (M) Berhad, the retail owner
of Jusco supermarkets. Rental income is expected to be fully refl ected
in the Group’s fi nancials when the shopping mall commences operation
later part of this year.
FOCUS 2007
The Group is confi dent that with the existing Township Development
activities and the planned strategies to expand our development
profi les as well as venturing into property investment will contribute
positively to the Group’s overall performance in 2007.
WCT Land Berhad 13

Management
Committee
Sitting Down
- From Left To Right
Mr Lai Yeng Fock P.P.T.
Executive Director / Chief Operating Offi cer
Mr Choe Kai Keong
Executive Director
Mr Yong Kiang Keen
General Manager
14 Annual Report 2006
Standing
- From Left To Right
Ms Florence Lee
Human Resources & Administration Manager
Mr Chang Kim Fah
Property Manager
Mr Phang Toong
Senior Contracts Manager
Mr Sik Kian Chung
Marketing Manager
Mr Goh Tong Kiat
Senior Project Manager
Mr Wong Cheong Ming
Senior Contracts Manager
Mr Chow Yeong Wai
Marketing Manager
Mr Lee Chin Sang
Finance Manager
Mr Chong Wah Hing
Design & Technical Manager
Ms Thang Ah Hong
Senior Marketing Manager

Corporate Social Responsibility
Statement
Corporate Social Responsibilities
WCT Land Berhad is committed on its endeavor to harmonize Corporate Social
Responsibility (“CSR”) with its business activities. In sustaining longevity of our core
businesses, it is our belief to pursue CSR in the best possible manner. Hence, we, together
with our stakeholders, are ever mindful of our role in CSR for the betterment to society
at large.
Being a developer, we are fully aware of the impact our activities have on the community
and environment in which we operate. It is with this in mind that we continuously evaluate
and develop work processes and management systems conforming to MS ISO 9001 and
OHSAS 18001 standards. In addition, our major stakeholders such as sub-contractors and
suppliers are expected to conform to the relevant standards practised by the Group.
WCT Land Berhad has internalised a culture which emphasises on quality, occupational health and safety in all its business operations. This
practice ultimately ensures timely delivery of quality products and services to our customers.
We recognise the invaluable contribution made by our employees towards a sustainable growth of the Group. We care for their well-being
both at work and in play. Career progression opportunities, various structured trainings, seminars and workshops are continuously planned
and organised to enhance the skills and knowledge of our employees. An occupational safety and health system is being reviewed and
upgraded on a regular basis to ensure a safe and healthy workplace. In addition, rigorous independent audits are being conducted regularly
to ensure high standards of quality, safety and health are maintained.
Leisure and recreational activities such as yoga, line dancing, badminton and futsal are made available to employees all year-round to promote
a healthy lifestyle.
Over the years, we have been actively pursuing socially responsible practices especially in the areas of educational and social causes.
Education
1. In year 2004, total contribution towards building of new schools amounting to
RM2.5 million with SRJK (T) Highland, Bandar Bukit Tinggi Klang in Selangor being
the more recent beneficiary.
2. Kiwanis Bazaar Bonanza (Kiwanis Fund Raising)
In May 2006, WCT pledged RM10,000 to the above charity and the tickets for the
bonanza were distributed to 4 schools in Bandar Bukit Tinggi Klang (BBT). Another
RM12,000 went towards the sponsorship of the community bazaar.
“ Photo”
“Photo”
WCT Land Berhad 15

Corporate Social Responsibility
Statement (cont’d)
We encourage our employees to engage themselves in various community and sporting
activities. The followings are some of such activities organised by our employees for the
benefit of the various communities and were fully supported by the Group:-
Community Activities
1. Lantern Fest Parade, BBT
In October 2006, RM150,000 was contributed towards a successful community
event.
2. Sparkling Nite Countdown for BBT Residents
On 31 December 2006, WCT Land Berhad invited children from the Good Samaritan
Home and Pusat Jagaan Anbe Sivam (Home for the disabled).
Sports Activities
1. Yoga, Lime Dance, Badminton & Futsal.
“Photo”
“Photo”
As a developer, we take great effort to ensure all our development projects are a holistic environment for our customers and their loved ones
to live, work and play. For the convenience of the communities developed by us, emphasis is placed on accessibility, a balanced mix of residential,
commercial and retail units as well as educational facilities and dedicated parks for leisure and sporting activities. With this objective in mind, our
housing development projects are vibrant communities complete with schools, shopping centres, well-maintained parks, playgrounds, aesthetic
landscaping and community centres.
1. Jalan Langat Flyover, BBT
In year 2006, a total of RM10.0 million was contributed towards the construction of a flyover at BBT for the convenience of commuters
and surrounding residents.
2. Playgrounds / Parks
3. Wide roads
16 Annual Report 2006

Corporate
Calendar
1
2
3
4
5
6 January 2006
WCT Engineering Berhad Group of Companies’ 25 th Anniversary Dinner.
11 February 2006
Underwater World Floats Procession Contest in conjunction with the Chinese New Year Celebration, offi ciated
by Yang DiPertua Majlis Perbandaran Klang, Y. Bhg. Tuan Abd. Bakir Bin Haji Zin.
16 February 2006
Proposed acquisition of 21.5 acres land in Kota Kinabalu, Sabah, for RM57 Million.
25 & 26 February 2006
Launch of Phase 1G ARUNA
18’ X 65’ 2 Storey Terrace House in Bandar Bukit Tinggi 2 by Gemilang Waras Sdn. Bhd.
6 May 2006
Mother’s Day Celebration at Bandar Parklands Sales Offi ce.
1 2 3
4 5
WCT Land Berhad 17

Corporate
Calendar (cont’d)
6
7
8
9
10
19 May 2006
Eleventh Annual General Meeting (AGM).
7 8
Extraordinary General Meeting (EGM), amongst others, for the proposed acquisition of a 21.5 acres leasehold
land, for purchase consideration of RM57 Million and proposed establishment of Employees Share Options
Scheme (ESOS) of WCT Land Berhad. All proposed resolutions were duly passed.
21 May 2006
Kiwanis Club Klang Charity Bonanza 2006 at Butterfl y Park, Bandar Bukit Tinggi 2.
28 May 2006
Bandar Bukit Tinggi 1 - Venue Sponsor for the Annual 3x3 Street Basketball for promotion of healthy activities
among the youth.
Dumpling Festival Celebration at Bandar Parklands.
11 June 2006
Father’s Day Celebration at Bandar Parklands.
14 June 2006
Agreement to Lease AEON Bukit Tinggi Shopping Centre signing ceremony between WCT Land Berhad and
AEON Co. (M) Berhad.
18 Annual Report 2006
9
10

Corporate
Calendar (cont’d)
11
12
13
14
15
16
1 July 2006
2 nd Savings Bonanza Campaign - July to Sept 2006.
15 & 16 July 2006
Launch of Phase 3D1 NORICA
22’ x 75’ 2 Storey Terrace House in BBT 2 by Gemilang Waras Sdn. Bhd.
1 to 4 August 2006
WCT Land Property Road Show in Kuala Lumpur.
20 & 27 August 2006
Launch of Phase B14 ACALIA
40’ x 82.5’ 2 Storey Semi-D in Bandar Parklands by Gabungan Efektif Sdn. Bhd.
15 to 17 September 2006
Mapex’ 2006 Exhibition at Mid Valley Shopping Centre, Kuala Lumpur.
12 13
27 September 2006
Groundbreaking Ceremony of AEON Bukit Tinggi Shopping Centre by Yang DiPertua Majlis Perbandaran Klang,
Y. Bhg. Tuan Abd. Bakir Bin Haji Zin, with attendance of the Board of Directors of WCT Engineering Berhad and
WCT Land Berhad and guests.
14 16
WCT Land Berhad 19

Corporate
Calendar (cont’d)
17
18
19
20
21
22
August & October 2006
The Edge Weekly Cover Jacket for WCT Land Berhad Corporate Promotion in Malaysia and Singapore.
7 October 2006
Bandar Bukit Tinggi Lantern Fest Parade Contest in conjunction with Mid Autumn Fest 2006.
24 to 26 November 2006
Propex 2006 Exhibition in Kota Kinabalu to promote d’Banyan Residency @ Sutera.
26 November 2006
Children Party & Colouring Competition.
17 18 19
31 December 2006
New Year 2007 Celebration - Sparkling Night Hello 2007 at Bandar Bukit Tinggi Commercial Centre.
18 March 2007
Colouring Workshop & Competition for chlidren aged 5~8 years old.
20 Annual Report 2006
20 21 22