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

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

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

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

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

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...

How does it look like? any artist impression somewhere?

tan yew lai wan not sure is part of Pr1ma but

Cyberview or Setia haruman and Emkay and MCT Lakefront definitely have Pr1ma.

http://www.youtube.com/watch?v=g-YA51WwW30 - Cyber Prima - Plot 16
http://cyberview.com.my/v4/index.php?optio...&id=8&Itemid=54 --> plot 20

tan yew lai wan not sure is part of Pr1ma but

Cyberview or Setia haruman and Emkay and MCT Lakefront definitely have Pr1ma.

http://www.youtube.com/watch?v=g-YA51WwW30 - Cyber Prima - Plot 16
http://cyberview.com.my/v4/index.php?optio...&id=8&Itemid=54 --> plot 20

How many Pr1ma units are there in MCT lakefront brother?

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Added on November 22, 2012, 11:24 pm

Population x 3!!!
Else how could the malls in cyber sustain right?

Else how could the malls in cyber sustain right?
>>> Agreed. See Desa ParkCity, kepong area has many flats too.

What kind of mall?

D'Pulze, going to be ready next year

But progress doesnt look advance enough to vp next yr based on my last visit a mth ago. I could be wrong.

U need to prove ur low income level to be eligible for pr1ma. Let this grp of ppls to own the house la. Many other projs can make money.

Their plan is to complete the mall and hotel ahead of service apartment.

A good businessman always contribute to society & create many job opportunities, not simply making money.

Your investment rule is kind of "A good businessman". Support!

Rumour is that a hypermarket will be in D'pulze...any bro knows further info?

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Added on December 3, 2012, 8:36 amWe need more populations in cyberjaya in order to sustain all the commercials and keep it 'ong'...

Me and my friend got a letter from the developer this week ... that we got the opportunity to purchase one unit of pr1ma in Cyberjaya. I think we applied like almost 1 year back.

Launching ceremony sometime the end of this month ... gonna see the developer for the show unit and get the T&Cs.

Any heads up from property gurus here?

Me and my friend got a letter from the developer this week ... that we got the opportunity to purchase one unit of pr1ma in Cyberjaya. I think we applied like almost 1 year back.

Launching ceremony sometime the end of this month ... gonna see the developer for the show unit and get the T&Cs.

Any heads up from property gurus here?