Nov 9 2014, 04:24 PM, updated 8y ago
Finally long awaited Rawang BRDB launching this month
First phase 117 units 3 storey , link house price from 910k onward. Before discount
Total have 9 phase with 1.5 billion GDV.
Rawang property boom boom boom
Old news 2011
BRDB AND MPHB enter into agreements to develop three parcels of strategic landMay 05, 2011Bandar Raya Developments Berhad (BRDB) wholly owned subsidiaries, Pinggir Mentari Sdn Bhd, Orion Vibrant Sdn Bhd and Magna Senandung Sdn Bhd have today signed three separate Joint Venture Agreements with subsidiaries of Multi-Purpose Holdings Berhad (MPHB) - Tibanis Sdn Bhd, Magnum.Com Sdn Bhd and Mimaland Berhad to develop land in Rawang, Penang and Mimaland.The three JVAs have a total land area of 670.078 acres and a combined gross development value of around RM4.25 billion.The JVA for the redevelopment of Mimaland involves the development of 7 parcels of leasehold and freehold land measuring approximately 324.051 acres.The Mimaland site is located 5 minutes from the International Islamic University, 15 kilometres from KLCC and is easily accessible from the Karak Highway and the MRR 2.The estimated RM2.2 billion Mimaland project will include eco-friendly hillside, courtyard and waterfront landed homes set amongst natural waterways, valleys and water bodies with mature forest views.The JVA in Rawang proposes the development of two parcels of land that comprises approximately 265.13 acres of leasehold and freehold land just off the North-South Highway in Rawang.As the northern gateway to the Klang Valley, the land is approximately 25 minutes away from Kuala Lumpur and less than 5 minutes from the Rawang Interchange.The development has a projected gross development value (GDV) of an estimated RM1.4 billion and its residential component consists mainly of landed homes.In the same venture, a commercial village is planned to capture the growing market north of KL.The Penang JVA comprises 80.9-acres of freehold land to be developed in the south-east of Penang near the Penang Airport. The site is located at the high growth area next to the Free Trade Zone and is also about 2km off the Penang Second Bridge.The proposed low-density, gated development here comprises bungalows, semi detached houses and condominiums with sea views and has a projected GDV of RM605 million.BRDB chief executive officer, Jagan Sabapathy said, “These joint ventures present an opportunity for BRDB to diversify its development portfolio into the Klang Valley and it also represents our entry into Penang. In a strategic move to augment our principal business of property development, these opportunities allow BRDB to participate in viable development projects without having to bear the substantial upfront costs of acquiring land.”He said BRDB has long been accredited with the establishment of Bukit Bandaraya in Bangsar, one of the country’s most established and affluent neighbourhoods. Their vision moving forward is to provide the unique Bangsar lifestyle in Rawang, Mimaland and Penang.Menara Multi-Purpose Holdings Berhad chief executive officer Surin Upatkoon said, “We are pleased to announce the joint ventures as part of our asset rationalisation programme pursuant to our exercise to acquire 100% of Magnum.”He said during the restructuring of Magnum in 2008, MPHB cherry-picked certain non-core assets including these strategic parcels of land in the Klang Valley and Penang to boost its investment portfolio.“The joint ventures will allow us to unlock the maximum values of these lands over the n
This post has been edited by tikaram: Oct 3 2015, 07:47 AM
Quote
0.0297sec
0.44
6 queries
GZIP Disabled