Asas Dunia Bhd will be developing 1,177 units of landed residential properties with an estimated gross sales value of RM203mil on the mainland in the second half of 2009.
The properties comprise double-storey terraced, double-storey semi-detached and bungalows priced from RM215,000 to RM450,000, and low medium-cost houses with prices ranging from RM42,000 to RM65,000.
Group managing director Datuk Jerry Chan said the key reason for the new developments had to do with the substantial progress made on the construction of the second bridge by UEM.
“Recently I visited the site in Batu Kawan and saw a jetty being constructed to transport components of the bridge. There were also a lot of raw materials being brought in and piling works are being carried out at full steam.
“This indicates that there is commitment to complete the bridge on schedule in 2012, which will unlock the full value of the land in South and Central Seberang Prai,” Chan told reporters after the company AGM.
Chan said another reason for the development was the pick up of the global economy.
“For Asas Dunia, our sales picked up in May and June. In June so far we have sold over 25 units of properties on the mainland worth over RM5mil, which is double the sales in May,” he said.
“The state government has also roped in new investments for this year, which will create demand for housing,” he added.
The 1,177 new properties would be launched for sale once they have reached about 70% completion, Chan said, adding: “They are scheduled for completion in four years.”
The group currently has undeveloped land bank of some 1,308 acres. - By David Tan (The Star)
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