Homes in KL South, anybody?

From Star Online: Business
14th Dec 2013

Transit home.

That’s one way to view acquiring real estate at the fringe of the Klang Valley or neighbouring suburbs, if you are native to the capital city.

In this case, it’s Southville City in Bangi, Mah Sing Properties Sdn Bhd’s most expansive township yet. Mah Sing Properties is a subsidiary of Mah Sing Group Bhd.

According to Mah Sing Properties Sdn Bhd township residential chief operating officer James A. Bruyns, many buyers are keen on a transit home for the work week.

“We have buyers who live with their families in Seremban and work in Kuala Lumpur. Having this property to go home to would alleviate their travelling. They can put up during the week and return to their families in the weekend,” he tellsStarBizWeek.

Cyberjaya City Centre set for 2014 launch

From Business Times Online
7th Dec 2013

THE RM6 billion Cyberjaya City Centre project is expected to be launched next year, said Cyberview Sdn Bhd managing director Faris Yahaya.

The commercial project over 57ha is developed by Cyberview and SP Setia Bhd and will feature commercial, residential and corporate office units.

Faris said the project will be developed over five phases and will change the landscape of Cyberjaya into a more balanced urban development than it is now.

"Cyberjaya City Centre will be the next big development in Cyberjaya. We are in the process of completing the development plan.

"This project will involve public-private partnerships and a special-purpose company will be established to undertake the development," Faris said at the ground-breaking of a RM1.05 billion housing project at Block 20 here yesterday, which will be jointly undertaken with Gadang Holdings Bhd.

Also present were Finance Ministry secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, who is also Cyberview chairman, Gadang chairman Datuk Wan Lokman Wan Ibrahim and Gadang group managing director and chief executive officer Tan Sri Kok Onn.

Spread over 50ha in Cyber 9, the mixed-use project is divided into four phases and involve the construction of 2,500 housing units. 

Of those, 794 units will be reserved for 1Malaysia Housing Programme (PR1MA) to cater to the needs of middle-income earners.

Phase One will be open for sale in the third quarter of next year. It will offer 325 units of PR1MA housing and 142 units of two-storey link houses starting from RM500,000 each.

The remaining three phases will offer two-storey link houses, apartment units, government quarters and commercial units.

Faris said apart from the PR1MA houses, all other housing units under this development are also priced more competitively than other similar properties in the market.

"I am confident that with this new development, we can potentially meet the housing requirements of at least another 10,000 people and, at the same time, create new business opportunities," he said.

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