By Farah Wahida:
Bina Puri Holdings plans to unveil several property projects with a combined gross development value (GDV) of RM2.5 billion in the next five years, mainly in Sabah and the Klang Valley.
According to Executive Director Matthew Tee, these upcoming projects are expected to boost the group’s unbuilt orderbook of RM1.68 billion as of 30 May 2013.
Future projects include the RM1.29 billion RIVO City in Brickfields. With construction works set to commence next year, the mixed-use project is a result of Bina Puri’s partnership with Syarikat Prasarana Negara.
“We are finalising the method to finance the development because the concept of this project is quite unique as Prasarana does not allow us to charge the land,” noted Tee.
In this project, Prasarana owns the land, while Bina Puri develops and markets the property, explained Bina Puri Executive Director We Her Ching.
“Selling price for the commercial portion will be between RM700 and RM900 psf. We are also planning to build a new access to the area from the Federal Highway as a selling point for the project,” he added.
Meanwhile, Bina Puri’s upcoming projects in Kota Kinabalu, Sabah include the RM84.6 million One Jesselton and the RM61 million Jesselton View.
So far, the company’s best-selling project is the half-complete Puri Tower in Puchong, where the units earmarked for non-bumi buyers have been sold out.
Bina Puri Holdings plans to unveil several property projects with a combined gross development value (GDV) of RM2.5 billion in the next five years, mainly in Sabah and the Klang Valley.
According to Executive Director Matthew Tee, these upcoming projects are expected to boost the group’s unbuilt orderbook of RM1.68 billion as of 30 May 2013.
Future projects include the RM1.29 billion RIVO City in Brickfields. With construction works set to commence next year, the mixed-use project is a result of Bina Puri’s partnership with Syarikat Prasarana Negara.
“We are finalising the method to finance the development because the concept of this project is quite unique as Prasarana does not allow us to charge the land,” noted Tee.
In this project, Prasarana owns the land, while Bina Puri develops and markets the property, explained Bina Puri Executive Director We Her Ching.
“Selling price for the commercial portion will be between RM700 and RM900 psf. We are also planning to build a new access to the area from the Federal Highway as a selling point for the project,” he added.
Meanwhile, Bina Puri’s upcoming projects in Kota Kinabalu, Sabah include the RM84.6 million One Jesselton and the RM61 million Jesselton View.
So far, the company’s best-selling project is the half-complete Puri Tower in Puchong, where the units earmarked for non-bumi buyers have been sold out.
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