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Monday, December 5, 2011

Hua Yang to offer more affordable houses

Hua Yang Bhd's biggest lakeside township development in Perak, Bandar Universiti Seri Iskandar, will be offering more affordable houses by building 137 units of the Tropika and Casa Series, which are essentially double-storey terrace houses.

"There will also be the Seri Idaman and Seri Andaman series, priced from RM130,000 with each unit spanning 74.4 sq m.

"Overall, a total of 909 units will be built," said chief executive officer Ho Wen Yan in a statement today.

The company will also launch 123 units of retail shops with a pedestrian mall concept adjacent to the Tesco Superstore in 2012, and will build more commercial shop lots priced from RM450,000.

Spanning over 335.2 ha, the township, the group's biggest township project by area, will contribute about 30 per cent of the entire group's earnings next year and will allow Hua Yang to develop the total area in parcels over the next eight years.

The company today received the arrival of a Tesco Superstore, which is set to boost sales and mark the arrival of other retail vendors.

Strategically located at OneBU@Seri Iskandar, the township's lifestyle and business hub, Tesco's main footage will attract families and individuals to visit the township for groceries, fresh foods and household needs, Ho said.

He said Tesco will cater to the rapidly growing population, which now stands at 10,000. "We have seen brisk sales with our latest phases of the Selinsing and Lily series fully sold out," he said.

Two hundred units of the Bandar Universiti Business Centre (BUBC) series of commercial shop lots have been snapped up by operators leveraging on the growing student population.

The company said to date, it had achieved a good sales take-up rate of 85 per cent.

By Bernama

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