An artist’s impression of the phase three of Bukit Istana project. Inset is Lim Yoke Kim
KUANTAN: Bindev Sdn Bhd is offering properties worth about RM70mil under the final phase of its upmarket and low-density residential project Bukit Istana.
The units would have a land size of 4,000 sq ft and built-up areas of 3,000 sq ft, said branch manager Lim Yoke Kim.
“The third and final phase will comprise 148 double-storey semi-detached units and four bungalows. The units are priced from RM480,000,” he said.
The last phase boasts features such as high ceiling, high-panel glass windows to allow more natural sunlight into the house and three-phase electrical wiring.
A subsidiary of PJ Development Holdings Bhd (PJD), Bindev commenced construction of Bukit Istana during the 1997 financial crisis and has completed 150 bungalows, 226 double-storey semi-detached units and 72 single-storey units, of which about 92% are sold.
The project covers 54.4ha and has a gross development value of about RM250mil.
According to Lim, Bindev continued with the project during the financial crisis as it had confidence in the state’s house buying market.
“Our target is the professionals and top level management especially those working in the Gebeng industrial area and Kuantan Port,” he said in a recent interview.
On future projects, Lim said Bindev planned to develop two plots of land in Sungai Karang and Penor.
The Sungai Karang project was located along Kuantan’s popular beach belt and was close to Swiss Garden Resort and Spa, a hotel under PJD’s hotels, resort and leisure division, he added.
Construction on the mixed development project comprising condominiums, bungalows and semi-detached units on 8.8ha was expected to begin at year-end for completion in three years, he said.
Lim said the Penor project, also a mixed development venture, would be built on 400ha and completed over 20 years.
Construction would commence at the end of next year, he added.
On its future projects, Lim said BSB had plans to develop two plots of land in Sungai Karang and Penor.
The project in Sungai Karang was located along Kuantan’s popular beachbelt and was close to Swiss Garden Resort and Spa, a hotel under PJ Development’s hotels, resort and leisure division, he added.
He said it would involve a mixed development project comprising condominiums, bungalows and semi detached units on 8.8ha of land with construction expected to begin end of the year.
It would also have a clubhouse and would be the first feature to be constructed, he said, adding, the whole project was scheduled for completion in three years.
Lim said the Penor project, another mixed development venture, would be built on 400ha of land and to be completed in stages over 20 years.
Construction would commence end of next year, he added.
By The Star (by Roslina Mohamad)
Posts
No comments:
Post a Comment