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Friday, August 3, 2012

Hua Yang sees RM872m revenue from BUSI

IPOH: Property developer Hua Yang Bhd expects to generate a revenue of some RM872 million, which would keep them busy for the next 12 years at the 196ha site in the fast developing Bandar Universiti Seri Iskandar (BUSI).

BUSI, located at Perak Tengah district, about 30 minutes drive from here, was derived from educational institutions located in the area like Universiti Teknologi Petronas (UTP), Universiti Teknologi Mara (UiTM), Kolej Profesional Mara and others like Sekolah Menengah Teknik Seri Iskandar and National Youth Skills Training Centre.

The company has a landbank of 335.3ha, of which 110.4ha had been developed to a tune of RM200 million, while the ongoing project covers 12.4ha, which is worth RM48 million.

The latest project is the Pedestrian Mall, costing some RM12 million.

The project, which is adjacent to Tesco hypermar-ket, comprises 123 units of two- and three-storey buildings, each priced between RM598,800 and RM1.56 million.

"The retail shops at our new project site is built on a pedestrian concept," Hua Yang Perak branch manager Tony Ng said.

The ongoing new phases include Tropika double-storey terrace houses, Bandar Universiti Business Centre (BUBC) and double-storey shop offices. Other projects in the pipeline are double-storey Sierra Homes and single-storey Seri Idaman units.

The masterplan is to build an integrated lakeside township, complete with facilities, including commercial shoplots, hospitals, schools, educational centres, budget hotels, hawker centres and a clubhouse.

By Business Times

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