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Tuesday, October 23, 2007

UDA plans housing projects in ECER

By The Star

KUALA TERENGGANU: UDA Holdings Bhd subsidiary UDA Land (East) Sdn Bhd will invest RM200mil to develop housing projects on 60ha in the three East Coast states over five years.

UDA Land general manager Zainal Ismail said the projects would comprise low and medium-cost and luxury houses and would be developed in stages.

“With the launch of the East Coast Economic Region (ECER) at the end of this month, infrastructure like roads will be built and this will have an impact on the property sector,” Zainal said at UDA's Hari Raya do here.

“We are confident these housing projects will see good demand as the economic lot of the people improves in Kelantan, Terengganu and Pahang.”

Zainal said that as a national property development agency, UDA was prepared to work closely with the Local Governments to make ECER a success. - Bernama

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