By THE STAR
PENANG: Asas Dunia Bhd is launching over 1,000 residential properties with a total gross development value of about RM200mil this year in south Seberang Prai.
The projects were located in Nibong Tebal and Sungai Duri, managing director Datuk Jerry Chan said.
“In Nibong Tebal, close to the interchange of the second bridge, we are building about 600 high-end houses, including terrace, semi-detached and bungalow units.
“In Sungai Duri, we are building 90 single-storey semi-detached houses and 450 low-medium cost properties,” he said after the company AGM yesterday.
The properties in Nibong Tebal are priced from RM220,000 while those in Sungai Duri start from RM130,000 for the single-storey houses and RM55,000 for the low-medium cost units.
Chan said Asas Dunia was now moving towards developing higher-end properties to tap the growing affluence among house buyers.
“Last year, the group completed about 1,000 houses, which will be gradually released into the market to capitalise on rising property prices,” he said.
Chan said investing in choice parcels of land, which would contribute positively to the group’s future earnings, continued to be Asas Dunia’s strategic direction and emphasis.