CYBERJAYA: Kumpulan Hartanah Selangor Bhd (KHSB), a unit of Kumpulan Darul Ehsan Bhd (KDEB), will undertake a project worth RM500mil near Cyberjaya next year.
KDEB president Datuk Abd Karim Munisar said the project on KHSB's 120ha site would be developed over the next five to eight years.
“Apart from its current project, the Cyber Valley Commercial Centre (CVCC), KHSB plans another mixed development near BioValley Malaysia,” he told reporters at the launch of CVCC on Saturday.
It is expected to attract many buyers, being developed amid the Science, Technology and Innovation Ministry's planned Biotechnology Centre and Media City.
CVCC, located near Putrajaya and Cyberjaya, is a business and commercial real estate destination, offering resort-style architecture.
Abd Karim said the first phase of CVCC, with total gross development value (GDV) of RM14.5mil and launched in mid December last year, had been fully booked by buyers, who are mostly from food and beverages and telecommunication businesses.
The phase comprised single-storey stalls priced at RM120,000 and double-storey intermediate/cor-ner/end priced from RM358,200.
“Following the overwhelming response to phase one, phase two (with total GDV of RM17.5mil), is now open for registration.
“Under this phase, limited units of double-storey intermediate/end/cor-ner shoplots priced from RM437,800 will be offered,” Abd Karim said. – Bernama