Property investments in Cyberjaya at RM3bil this year
Posted on | October 21, 2011
By THE STAR
PETALING JAYA: Property investments in Cyberjaya have reached RM3.04bil this year after the IT-themed city sold 261.5ha valued at RM1.23bil, according to the landowner and developer Cyberview Sdn Bhd.
For next year, the company said in a statement, Cyberjaya had RM3.73bil developments in the pipeline. This would be achieved through further sales of enterprise, commercial, institutional and residential land.
Residential developers that entered Cyberjaya this year include UEM group, Mah Sing Group Bhd, OSK group, Villamas/Triental Land Sdn Bhd, Andaman Property Management, Country Heights Holdings Bhd, Laketown, and Tim Development.
Between Cyberjaya’s inception in 1997 and now, it has racked up total investments of RM12.36bil as well as total sales value of RM3.64bil for 872.8ha.
These comprised enterprise, commercial, mixed development, residential, light industry and institutional land.
Residential investments amounted to RM2.42bil so far this year while enterprise development is RM517.6mil.
Cyberview also said it had been appointed the township’s Cybercity manager, which will see it being responsible for promoting and branding Cyberjaya.
It will also facilitate the implementation of Multimedia Super Corridor initiatives within Cyberjaya.
- Malaysia Real Estate News
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