GOLDEN Hope Plantations Bhd expects its RM17mil Puteri Nursing College (PNC) project in Nilai, Negri Sembilan, to provide recurring property income of RM1.2mil annually for the next 15 years starting from the 2004/05 financial year, said chairman Tan Sri Ahmad Sarji Abdul Hamid.
Golden Hope's wholly-owned subsidiary, Golden Hope Properties (Johor) Sdn Bhd (GHPJ) will design, build and lease to PNC for 15 years, a 4,400 sq metre administrative and academic centre inclusive of a five-storey student apartment block on a 5-acre site in Kota Seriemas in Nilai.
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