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Tuesday, March 17, 2009

Brisk sales for IJM’s condo

An artist's impression of IJM's Summer Place project

GEORGE TOWN: Eager buyers snapped up about 40% of IJM Land Bhd’s newly launched Summer Place condominium units on the island over the weekend.

The sales translated to about RM70mil of the RM174mil project off the Jelutong Expressway, managing director Datuk Soam Heng Choon told StarBiz.

The 22-storey Summer Place comprises 531 units with built-up areas measuring between 1,012 and 1,464 sq ft, priced from RM273,000 to RM460,000.

Soam said the project was about 40% completed.

Construction work started in the third quarter last year and is scheduled for completion in 2011.

“We are providing free legal fees on the sale and purchase agreement, free legal fees on loan and zero interest till completion of construction.

“The selling point is that it is near the harbour, the Penang Bridge, located along the new promenade off Jelutong Expressway, and is close to town.

“Furthermore, the pricing from RM273,000 is very affordable,” Soam said.

By The Star (By David Tan)

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