30 October 2014

BRDB plans to expand landbank

  30 October 2014

BANDAR Raya Development Bhd (BRDB) is planning to expand its landbank to hit an estimated RM25 billion gross development value (GDV) in the Klang Valley alone.

Operations director Low Kim Seng said BRDB currently does not possess a huge landbank but is always on the lookout for new and potential land to be developed in the future.

“Although our landbank is not big in terms of size, we do have land that is big in potential GDV.

“We are also planning to look at Penang, aside from the Klang Valley, for more land,” he said after the launch of the Senja project which is located within the Bluwater estate, here, yesterday.

The Senja project will be developed in four phases comprising 278 units which include 114 three-storey superlink (3,250 sq ft), semi-detached (4,380 sf) and villa (4,679 sf) units.

The GDV of the total development is RM900 million.

BRDB is expected to officially launch the residence sometime next week.

Low said the next housing project to be launched by the developer would be in Rawang.

“The homes would be mainly superlink units and is developed in a joint venture with Multi-Purpose Holdings Bhd (MPHB).

“Although the location is a little far off, many people are willing
to purchase properties there as a trade-off for bigger and better houses.

“As long as the infrastructure is set in place, there would still be purchasers willing to take up the units,” he added.

Speaking on affordable housing, Low said BRDB always allocates a certain number of units for this purpose to help first-time house buyers.

“We will adhere to the state government’s policy on affordable housing. For now, the affordable house price range is between RM180,000 and RM220,000.

“This also depends on the location and the development product,” said Low in response to questions on efforts taken by BRDB in providing affordable houses to the public.

Bandar Raya Development Bhd will also be developing its first property project in East Malaysia in Kota Kinabalu with a gross development value of RM113 million.



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