By Farah Wahida:
To keep home prices affordable, Prime Minister Datuk Seri Najib Tun Razak on Friday unveiled a RM1.02billion mixed-use development scheme in Cyberjaya, comprising 2,500 residential and commercial units as well as 749 1Malaysia People’s Housing (PR1MA) homes.
To be offered from RM220,000 to RM250,000, the PR1MA houses will enable owners to raise their value-added assets.
“We cannot let the market determine the prices, and the government can make a positive intervention in the matter,” said Najib.
“This is what the government is doing, besides giving people the opportunity to own houses. This must also be seen as an effort to generate wealth for the people.”
Spread over 50ha of land in Cyber 9, the mixed-use project is divided into four phases with phase one set to be launched soon. The target completion date is 2016.
Aside from this, Najib also revealed two more urban developments for Cyberjaya — the RM6billion Cyberjaya City Centre and a RM62million mosque, reported Bernama.
To be developed by Cyberview Sdn Bhd (Cyberview) and SP Setia Bhd, the Cyberjaya City Centre will be sited on a 57 ha land, featuring commercial, residential and corporate office units.
Meanwhile, the RM62million house of worship will be the first mosque to be built in accordance with the Green Building Index and the MS1525 guidelines which emphasised on the use of eco-friendly materials and energy efficiency. Set to be completed in 2015, the 95,000 sq ft mosque will be nestled on a 6.9 ha land.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email email@example.com