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Monday, November 19, 2007

New commercial hub on the cards for Sungai Buloh

PETALING JAYA: Dijaya Corp Bhd’s (Dijaya) indirect whollyowned subsidiary, Nadi Jelita
Sdn Bhd (Nadi Jelita), will be jointly developing 20.83 acres of freehold land in Pekan Baru,
Sungai Buloh with Aliran Firasat Sdn Bhd (Aliran).

Acquired by Aliran in 2005, the land currently has a book value of RM65.6 million. Dijaya has a 60% stake in the joint venture development comprising 173 units of 3- and 4-storey shop offices.

Tong: The development will be launched in three phases

According to Tong Kien Onn, managing director of Dijaya, the RM200-million integrated
commercial development would be launched in three phases. The first phase will comprise 72 units, while the second and third phases comprise 64 units and 37 units respectively.

The first phase of the freehold project is targeted for launch within the first quarter of
next year. “Our sales target for the first phase is 60 units (80%) within one month of
launching,” said Tong.

“All units fronting the busy main road of Jalan Sungai Buloh are 4-storey with a standard size of 22ft by 70ft, while the corner units are 4-storey with lot sizes of 35ft by 69ft and 35ft by 70ft. Other units are 3-storey and the standard lot sizes vary from 22ft by 69ft to 22ft by 70ft,” he told theSun. All 4-storey corner units would be provided with lifts. The row facing the main road would most likely be for showrooms and banks while the inner units would be suitable for
businesses such as food and beverage.

Besides shop offices, there would also be a 5 ½-storey multi-level car park building that would
accommodate 1,130 parking bays.

“We have got most of the approvals already, and construction should begin early next year,” said Tong, adding that the indicated selling price would range between RM1.1 million and
RM1.6 million per unit.

“This development is being planned with the purpose of supporting the local business community and to be a leading commercial hub in the heart of Sungai Buloh,” said Tong.

The six-year project is expected to attract investors who recognise the potential of the well-established area, businessmen from the spillover from the adjacent Bandar Baru Sungai Buloh and Bukit Rahman Putra, as well as first time investors who can afford an RM1- million freehold shop office.

According to Tong, a preregistration exercise would be held throughout this month and next month. The second launch of the project can be expected within the first half of 2008.

By theSun (By Yeong Ee-Wah)

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