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Wednesday, February 20, 2008

Liziz sees brisk sales at Kota Baru Waterfront

KOTA BARU: Liziz Standaco Sdn Bhd, which is developing Kelantan’s biggest property project – the RM2bil Kota Baru Waterfront – is confident of securing impressive sales for its second phase.

The second phase involves the construction of 2,000 shoplots and to date, there has been encouraging response from local buyers.

An artist’s impression of the Kota Baru Waterfront project

Kelantan has a unique regulation where only local-born residents have a right to purchase properties in the state.

Liziz managing director Datuk Guok Nguong Peng said the second phase would take off upon completion of the first phase early next year.

The project is sited on 202ha reclaimed land next to the Sungai Kelantan artery and the Sultan Yahya Petra Bridge.

An international mall, the biggest reputably in the east coast, an international-class hotel and a 4km esplanade, were expected be ready this year, Guok said after the unveiling of the Tesco hypermarket here recently.

Guok said the fact that he was creating the state’s first township above the flood-level, was testament to his firm’s confidence that the project had good long-term viable prospects.

“Buoyed by the commitment from the state government as main landowner and market demand, there is confidence that the project would be a resounding success,” he said.

By The Star (by

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