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Thursday, November 29, 2007

Worldwide expects to sell all units in latest phase

SHAH ALAM: Worldwide Holdings Bhd aims to sell all 38 units offered under the latest phase of its Subang Bestari project within six months of its January launch.

To be completed by April 2008, this phase comprises 20 double-storey semi-detached houses and 18 double-storey detached units with a total gross development value (GDV) of RM32mil.

The 500-acre leasehold Subang Bestari is Worldwide's mixed development flagship project at Seksyen U5, Shah Alam. Group managing director Datuk Ibrahim Md Yusof said Subang Bestari was strategically located and would appeal to potential buyers.

“Subang Bistari is located in one of the most developed areas in the Klang Valley. With the opening of the Kota Damansara interchange and the link to Damansara-Puchong Highway via Mutiara Damansara, access is easy,” he told a press briefing yesterday.

“Subang Bestari is also close to the Subang airport. The decision to house the Malaysia International Aerospace Centre (MIAC) there and the possibility of it becoming a low-cost carrier terminal some day would benefit the residents,” he said.

He also said houses in Subang Bestari were generally cheaper compared with similar homes in the surrounding areas.

According to Worldwide head of marketing Abd Razak Ishak, the new houses would be priced from RM800,000 to RM1.2mil and targeted at buyers from the surrounding areas who wanted to upgrade.

Construction of the project's next phase, comprising 51 bungalows with a GDV of RM60mil, will begin by end-2008.

Asked about Perbadanan Kemajuan Negeri Selangor's move to privatise Worldwide, Ibrahim said the exercise was “ongoing” and declined further comment.

By The Star (by

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