Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Monday, April 7, 2008

Shah Alam gets new 'big-name' attraction

Those seeking a business address in Selangor’s capital of Shah Alam can now consider Commerce Galleries@One Two One. This mouthful-of-a-name project is being developed by Lebar Daun Development Sdn Bhd (LDD), and is slated for completion by 2010.

LDD executive director Noorazhar Muhd Nurdin said, “The galleries will be a unique commercial centre, where similar businesses will be placed together at specific parts.

“For example, there will be a financial street for banks and financial institutions.”

Located adjacent to the Federal Highway and Jalan Batu Tiga, and part of LDD’s D’Kayangan development, the centre will have 121 Grade A commercial lots that will collectively have a gross development value of RM350 million.

To be completed in three phases, the project will comprise four blocks with corner lots coming in dimensions of 44ft by 80ft, and intermediate units of 26ft by 80ft.

Prices range from RM209,999 for a stratified studio unit to RM4 million for a corner unit.

“We are confident that the remaining 30 of the 38 units (in the first phase) will be snapped up within the next three months,” Noorazhar said, adding that the second and third phases are expected to be open in July and December this year.

LDD also plans to launch its RM600 million Shah Alam Triple Tower integrated commercial project soon.

The company has a landbank of more than 1,482 acres in Selangor and Pahang, of which 494 acres have been developed.

Its past ventures include D’Kayangan and Bukit Bandaraya in Shah Alam, as well as Taman Dato’ Kemang in Seri Kembangan also in Selangor.

By New Straits Times

No comments: