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Tuesday, November 6, 2007

Bertam Properties sells RM150mil land

KEPALA BATAS: Bertam Properties Sdn Bhd has sold land worth RM150mil in Bertam, Kepala Batas, to five educational institutions.

Group chief executive officer Datuk Roslan Ibrahim said the institutions were Universiti Sains Malaysia (USM), Universiti Teknologi Mara (UiTM), Nursing College, Penang International Dental College and Alliance College of Medical Science.

“Construction of these institutions is expected to start within two years,” he said during the company’s Raya open house celebrations at its new office here recently.

Roslan said USM, which bought 45.3ha for its Advanced Medical and Dental Institute, was expected to start construction of its campus next year.

UiTM's land size is 91.8ha, Nursing College 20.2ha, Penang International Dental College 4ha and Alliance College 10.1ha.

Datuk Roslan Ibrahim: »It would take 12 to 15 years to fully develop the land here depending on demand«
“Once the institutions are up and running, we anticipate 2,000 to 15,000 people (students and staff) to come to Bertam,” he said.

“We hope the ‘medical educational park’ would be fully developed in four to five years. Once it’s up, the area will grow even further.”

Roslan said Bertam Properties still had about 500ha to develop in the area.

“It would take 12 to 15 years to fully develop the land here, depending on demand.

“We have developed 4,000 houses and, on an average, we can develop 500 to 600 houses per year,” he said.

By The Star (By Yeng Ai Chun)

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