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Monday, November 16, 2009

PKNS optimistic of good take-up for RM140m Shah Alam projects

Selangor State Development Corp (PKNS) will launch three new projects in Shah Alam, Selangor, worth RM140 million over the next two months.

The projects, called Ayu Qaseh and Ayu Puri, offering 170 units and 144 units of two-storey link houses respectively that are priced from RM335,000, are located in its 243ha Alam Nusantara development.

General Manager Othman Omar said he is optimistic that the properties will be taken up within three months from its launch, beginning the end of this month.

"We expect response to be overwhelming as it is the first project by PKNS with a freehold status. We are selling with the certificate of fitness (CF)," he said.

Early next month, PKNS will also launch Puncak Tropika in Kota Damansara, featuring 28 units of three-storey semi-detached houses and priced between RM1.2 million and RM1.4 million, Othman told Business Times.

The units are 80 per cent completed and their CF will be obtained in January next year.

PKNS is currently running a home ownership fair themed "Kediaman impian@PKNS" until November 25, where it will offer for sale 1,073 units of low-, medium- and high-end houses and commercial properties, priced from RM99,000 to RM1.2 million each, or a combined RM286 million.

A bulk of the properties are existing stocks in Antara Gapi, near Rawang, consisting of link houses, semi-dees and bungalows, Othman said.

Some are terraced houses in Bernam Jaya (between Sabak Bernam and Tanjung Malim), one- and two-storey shophouses and one-storey terraced homes in Kota Puteri, which is on the way to Kuala Selangor, and semi-detached houses in Cheras Jaya.

The rest include two unsold units of semi-dees in Puncak Bangi, priced from RM835,000, 111 units of medium to high-end Kasturi Idaman apartments, priced between RM205,000 and RM365,000 in Kota Damansara, and 20 units of high-end apartments, dubbed Banjaria Court, in Gombak.

"While the properties are attractive in terms of product offering, sales have been slow due to the current economic situation. We are optimistic the two units at Puncak Bangi will be taken up soon mainly because they are the last landed properties by PKNS in Bandar Baru Bangi, Othman said.

On Banjaria Court, PKNS has launched the first of four blocks. It will open for sale the remaining blocks next year, Othman said.

To boost sales, PKNS is offering RM500 downpayment and cash rebates of RM3,000 to RM8,000, including free legal fees, for all the properties.

It is also giving a RM50,000 rebate for the semidees in Cheras Jaya.

"We hope to sell 391 units worth RM55 million this month. We have achieved RM12.7 million from the sale of 48 properties since the launch," he said.

The home ownership fair also applies to Ayu Qaseh, Ayu Puri and Puncak Tropika projects.

By Business Times (by Sharen Kaur)

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