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Monday, April 28, 2008

TH Properties launches Bandar Enstek show village

AN EXCLUSIVE CONCEPT: Ahmad Zahid launching timur@enstek. With him is Azizan (left)

Tabung Haji property arm TH Properties Sdn Bhd yesterday launched several show houses for its RM9.2 billion flagship property project, Bandar Enstek in Nilai, Negri Sembilan.

The 2.8ha show village, which comprises seven designs and different interior decor themes, is aimed at attracting prospective home owners and investors.

TH Properties chairman Datuk Azizan Abdul Rahman said the show village is an exclusive concept, the first in the local property development industry.

The company also launched the third phase of the development, called timur@enstek which will feature 12,400 residential units of link homes, town villas, apartments, link bungalows and bungalows.

Timur@enstek will cover 580ha and the overall gross development value (GDV) is estimated at RM2.7 billion and gross development cost at RM2.1 billion.

The first phase of timur@enstek will feature single storey and one-and-a-half-storey link homes and single-storey bungalows, with prices ranging from RM166,300 to RM977,519, said Azizan.

"Careful, detailed thought and craftmanship have gone into the creation of the latest phase to give residents green spaces not just within the township but also inside their homes," he said.

Bandar Enstek, which is about 10 minutes away from the Kuala Lumpur International Airport, is expected to be completed in 2025.

Yesterday's launch was officiated by Minister in the Prime Minister's Department Datuk Ahmad Zahid Hamidi.

In his speech, he commended TH Properties for developing a project that will be an attractive global destination for foreign investors especially those involved in education and human capital development.

"One of the major components of Bandar Enstek is techpark@enstek for biotechnology clusters, edupark@enstek which has attracted investments of over RM2 billion and medicalcity@enstek, a RM1.7 billion project," said Ahmad Zahid.

By New Straits Times (by Roziana Hamsawi)

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