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Monday, April 13, 2009

Developer optimistic of sales

PKNS Engineering & Construction Bhd (PECB) is cautiously optimistic its serviced apartments in Shah Alam will be fully taken up by year’s end.

General manager Mohd Sufian Hashim said response to the Mutiara Anggerik apartments in Section 15, Shah Alam had been encouraging since they were launched on April 1.

“More than 50 units have been taken up so far. Because of the current downturn, it is actually difficult to say, but we hope to achieve full sales by the year-end or early next year,” he told StarBiz on the sidelines of a media presentation on Mutiara Anggerik on Saturday.

The project’s strategic location and easy access made it appealing to would-be buyers and investors, he said, adding that the company would be offering various incentives and promotions throughout the month to attract more buyers.

Construction of Mutiara Anggerik, a project comprising three 15-storey blocks of 116 units each and which has a gross development value of RM100mil, is expected to be completed in 18 months.

Blocks A (1,493 sq ft), B (1,188 sq ft) and C (1,057 sq ft) have starting prices of RM362,400, RM281,100 and RM250,000 respectively.

Sufian said PECB was targeting the middle to high-end income group for the serviced apartments.

“We are targeting mainly customers from Shah Alam but, because of its strategic location, we also expect customers from Kuala Lumpur and as far as the Port Klang area,” he said.

Sufian said PECB was looking at some strategic locations in the Klang Valley for its next project on completion of Mutiara Anggerik.

By The Star

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