KUALA LUMPUR: Cyberview Sdn Bhd will launch affordable homes by August in Cyberjaya in an initiative to make the country’s first cybercity a more affordable place to live in.
Cyberview, together with stakeholders such as Setia Haruman Sdn Bhd, the master developer of the city, as well as the Multimedia Development Corp, will take delegates from the ongoing World Congress on Information Technology 2008 and members of the press on a technical tour of Cyberjaya today.
Cyberview managing director Redza Rafiq said the tour was an opportunity for the stakeholders to show what Cyberjaya had to offer as a place to work and as a community.
Cyberview is the landowner and the entity spearheading the entire Cyberjaya development.
“Housing in the city is not cheap with apartments priced from RM300,000 but by August, we’ll be launching apartments priced from RM88,000 and two-storey townhouses priced from RM168,000,” he told StarBiz.
Redza said Cyberjaya was now undergoing a second surge in development after a slowdown from 2002 to 2004.
“So far, Cyberjaya has bucked the trend in growth. During the Asian financial crisis, Cyberjaya boomed but when the economy was coming out of the crisis in the early 2000s, Cyberjaya stagnated,” he said.
Redza said the city now had seven projects with a total gross development value of RM400mil. “Yes, we’re worried about the slower economic growth but we still have to deliver initiatives that bring value.''
Redza likened the city to a larger version of a Google or Microsoft campus. “For cybercities, growth is organic in nature. It’ll take time to grow but what the delegates will see is that the city is not just a concept; the infrastructure is ready. We’re ready,” he said.
“It took us a long time to build up 1 million sq ft of office space, now we’ve 3 million sq ft and the target is 5 million sq ft by 2010. I think by the way things are going, we’ll be achieving it earlier.”
By The Star (by Fintan Ng)
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