PROPERTY developer Emkay Group expects to launch an affordable housing project in Cyberjaya by the second quarter of next year in an effort to enhance the middle-income group's accessibility to their own house.

"This is an ongoing effort by us in providing affordable housing to the people, in line with the government's desire to see more of the middle income group owning homes," said chairman Tan Sri Mustapha Kamal Abu Bakar.

He said although the project is still in the planning stage, the company expects it to include the development of about 3,000 units of medium cost houses with a selling price of below RM200,000 a unit.

Speaking to reporters after the launch of the Star Central @Cyberjaya project here yesterday, he said the affordable housing project will be part of the group's plan to transform Cyberjaya as Malaysia Silicon Valley in 2020.

Also present was Emkay chief executive Ahmad Khalif Mustapha Kamal.

The Star Central @Cyberjaya project, developed by its subsidiary, Joyful Star Sdn Bhd is a mixed-development project comprising 859,118 sq ft of office space, 814 units of shops and 1,900 residential units with a gross development value (GDV) RM1.8 million.

The construction is scheduled to start next month and is expected to be completed in five years. It will be developed in four phases, Mustapha Kamal said.

"So far, the project recorded a sales value of RM122 million, involving various types of development," he said.

Among the development in the Star Central @ Cyberjaya project are an eight-storey semi-detached office tower units with a GDV of RM420 million, two 25-storey residential studio and office (SOHO) towers (GDV of RM319.4 million), 10-storey shop office (GDV of RM80.8 million), six-storey hypermarket (GDV of RM277.7 million), 48-storey serviced apartments (GDV of RM453.9 million) and a 41-storey hotel (GDV of RM332.2 million).

The company will utilise the Industrialised Building System in order to reduce construction costs, Mustapha Kamal said, without revealing more details about the project.

"We do not want to be too dependent on foreign labour services to build affordable homes in Cyberjaya," he said.

Commenting on the proposed tax incentives for developers who use the IBS and green technology, he said if the government announces it in the Budget 2013 today, the company plans to build more affordable homes in Cyberjaya.

"It is possible (to build more affordable housing) based on Emkay track record so far," he said.

So far, Emkay has already built 22,920 units of affordable housing since 1990 with a GDV of RM1.37 billion. From the total, 11,118 units are located in Damansara Damai, Petaling Jaya and 11,794 units in Taman Bunga Raya, Bukit Beruntung.
__________________


Should we stop and see next year developement or keep buy buy buy mode in cyberjaya? 3k unit below 200k? not a joke

interesting,how to apply?

Little infor for you http://pr1ma.net/pr1ma-house-online-registration/

ya... 3000 units below 200k is really no joke...

but one of the few criteria is have to be own stay and no renting out during the first 10 years... so since CBJ mostly are target rental for students and expats, should not be so greatly affected... cause students cant afford to buy and expats does not fit the criteria to buy...

im also very interested to see how the PR1MA implementation goes... balloting based on race quotas or what? and how well will it be maintained and security... since price below 200k is like low cost apt in prime location already...

another Flora Damansara alike in cbj

cannot... any other links

This post has been edited by anz87: Oct 11 2012, 10:59 AM

http://pr1ma.net/register-pr1ma/

The project is not opened yet, you've to wait until then I think

make sure ur ic address is cyberjaya and voter for cyberjaya too to eligible for balloting. If no, dont waste the time. crony mah.

I don't know, probably they don't need this anymore for the coming PRIMA-s .. Seremban for Seremban folks, Kuantan for Kuantan folks .. a

this is how the filter the applicant. u can check back the first and only PR1MA in Putrajaya. Some sort like buying vote

There are a lot more need to compliant I thought? Like must be first home buyer? Salary fall into the lower range? Can't rent but own use? 10 years cannot sell?

the range had upgraded in last budget

Yeah, I can't buy, sad (or else keep 1 room empty "own-stay", rent the rest to people) ..

Good strategy. But Im afraid what going to happen if caught by authorities. Risky business.

this is for genuine house owner. obviously got a lot of rules, which i believe for genuine buyer who can't afford non-Prima house and buy for own stay, good and ok rules. or else, rich people also buy n speculate. that wont serve the purpose.

Joking lah, bro Wish authority take back unit after warning given and redistribute to genuine own-stayers (but not those qualifiers purchase it for rental).

this website is very fishy. not even gov agency.

I don't know, just googled that .. no "Contact us" session

How does it look like? any artist impression somewhere?

rich crony also have their way to slot in, dont be surprise if u know that later.