KUCHING: About half of total units of The Cube, a new low-rise condominium project here, has been sold.
The project’s marketing principal Alex Ting told reporters yesterday that Instarmac Development Sdn Bhd was expecting to sell all 94 units “within a couple of weeks”.
“We have only put this (development) on sale for a while and already we’ve sold more than 50% (of units). Instarmac is fulfilling the needs and wants of a new segment of young urbanites who prioritise location and amenities,” he said at the launch of Instarmac’s showroom at Premiere 101 here.
Ting said the project, which is located at Jalan Dogan, would likely be joined by Cube 2 soon, a mirror development.
“Instarmac has purchased the adjacent four-acre plot. Currently we are waiting for the approval.”
Instarmac is one of the newest property developers in Sarawak.
John Yong is the managing director while the directors are James Lau, Paul Lau and Adrian Kueh.
Yong is an experienced entrepreneur in the construction industry, having completed projects in Peninsular Malaysia and Sabah. James is a mathematician who graduated from the London School of Economics, while Paul is a civil engineer.
The board of directors is headed by Ling Chong Seng, who is a director at CCK Consolidated Holdings Bhd.
Aside from The Cube and Cube 2, the developer will also soon unveil details of “The Forum”, a mixed commercial and residential project.
Prices for The Cube begin at RM447,000 per unit.
“The units are designed to provide occupants with that ‘semi-detached house’ feel,” said Ting, who is principal of Kozin Real Estate, The Cube’s exclusive marketing agent.