Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Tuesday, January 17, 2012

Work on KB Sentral project to take off in June

KOTA BARU: Construction and engineering firm Sara-Timur Sdn Bhd plans to invest up to RM600 million to develop an integrated commercial property project called Kota Baru Sentral@Tunjong in Kelantan.

Chairman emeritus professor Datuk Dr M. Zawawi Ismail said the project, which will feature shopping malls, luxury apartments and condominiums, a convention centre and office blocks, will be developed over three phases on a 16.5ha land in Tunjong.

"We expect to begin construction by June or July as land acquisition procedures and other preliminary engineering works are already completed," he told reporters here.

The project, Zawawi said, will be jointly developed with the Kelantan Menteri Besar Incorporated and Tunjong Development Corporation.

He said the first phase of the project involving a shopping centre called "village mall" is expected to be ready for occupation in two anda half years.

"We expect the entire project to be fully ready in five to seven years from now," Zawawi said.

He said Kelantan traditional architecture and contemporary Islamic designs will be infused into buildings in the project.

By Business Times

No comments: