Gadang accepts contract for Cyberjaya housing project
The Star | Wednesday August 7, 2013 MYT 2:00:06 PM
http://www.thestar.com.my/Business/Busines...ng-project.aspx

KUALA LUMPUR: Gadang Holdings Bhd has firmed up its contract with Cyberview Sdn Bhd to build 2,500 housing units on 109.31 acres of land in Cyberjaya.

Gadang said on Wednesday it had accepted the letter of acceptance from Cyberjaya to undertake the project on 109.31 acres of land.

On April 5, both parties had signed an MoU to jointly undertake the development of Cyberview's K-Workers housing project.

Cyberview is the registered owner of the land known as Block 20, Cyberjaya measuring about 121.31 acres which was earmarked for the proposed development.

The project comprised of 2,500 residential units and 50 commercial units covering a total development area of 109.31 acres.

Like that also considered nearby??? lol

Chapter 1 Components:

PR1MA Housing - 794 units
Government Quarters - 150 units
Normal Apartments - 1,074 units

22'x70' and 22'x75' 2-Storey Link House - 142 units
20'x70' Stratified 2-Storey Link House - 340 units
Cyberview and Gadang team up for RM1.06bil development
The StarProperty | December 7, 2013 |  109 Views | Topic : Property News.
http://www.starproperty.my/index.php/artic...il-development/

Gadang chairman Datuk Wan Lokman Wan Ibrahim (left), Faris (centre) and Cyber view chairman Tan Seri Dr Mohd Irwan Serigar Abdullah looking at an artist’s impression of the houses and commercial building during the ground breaking of Cyber view Housing Development @ Block 20 in Cyberjaya.

CYBERJAYA: Government-owned Cyberview Sdn Bhd and diversified firm Gadang Holdings Bhd will team up for a RM1.06bil project here, to be developed over nine years.

The project will comprise 794 units of the 1Malaysia Housing Programme, or PR1MA houses, 142 two-storey link houses, 340 stratified two-storey link houses, 1,074 apartment units and 150 government quarters.

It also includes developing one plot of commercial land. The entire development will comprise four phases.

Cyberview managing director Faris Yahaya said that earthworks were expected to begin in the first quarter of next year, with sales of the first phase starting in the third quarter.

The first phase, he said, would comprise 325 units of PR1MA houses and 142 two-storey link houses, which would begin from RM500,000 each.

“Cyberjaya has a total investment gross development value (GDV) of RM35bil to-date, and the GDV over the next five years is expected to be at RM20bil, with an RM8bil investment from Cyberview,” Faris said at the groundbreaking ceremony.

He noted that apart from the PR1MA houses, all other housing units under the nine-year project would also be priced “more competitively” than similar properties in the market.

Cyberview is the land owner of Cyberjaya Malaysia, an information and communications technology-focused township.

It has the mandate to spearhead the entire development of Cyberjaya Malaysia, which currently hosts more than 700 companies.

Gadang is its joint-venture partner-cum-developer for this development.

Gadang executive director Kok Pei Ling said that details on the profit sharing for the project between the two parties were still being finalised.
Cyberjaya’s first PR1MA homes go on sale next year
by lee yen mun | The Star | Sunday December 8, 2013 MYT 7:15:23 AM
http://www.thestar.com.my/News/Nation/2013...-next-year.aspx

CYBERJAYA: The first phase of the 1Malaysia Housing Programme (PR1MA) for affordable homes here will be open for sale in the third quarter of next year.

The project — the first of its kind in Cyberjaya — will offer 794 apartments in total, 325 of which are in the first phase.

The PR1MA homes are part of an RM1.055bil project to construct 2,500 housing units, including two-storey link houses, government quarters and a 2.44ha commercial plot.

Cyberview Sdn Bhd and Gadang Holdings Bhd are managing the project.

“This is a housing project for the public and government sectors, and for people working in Cyberjaya,” said Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah during a ground-breaking ceremony on Friday.

He said Cyberjaya will be an integral part of Malaysia’s development and will contribute to its growth.

“I visited the Silicon Valley recently (and) we want to have partnerships with some of the companies there to help our startups become world-class businesses,” he said.

Dr Mohd Irwan, who is also Cyberview chairman, reiterated that the Government’s vision is to turn Cyberjaya into a premier ICT (information and communications technology) hub.

Cyberview managing director Faris Yahya said the housing programme is expected to create business opportunities and meet the needs of at least 10,000 people.

Cyberjaya has a population of about 55,000.

Meanwhile, Dr Mohd Irwan said the Malaysian Global Innovation and Creative Centre will be a one-stop facility to train, develop and nurture successful entrepreneurs.

“The Treasury and Government are formulating a national entreprenuer development policy, aimed at helping aspiring Malaysians become successful entrepreneurs,” he added.