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Spurred by the growth of Iskandar Malaysia, Perak property developer will launch more projects in the city, including a RM380 million township
PROPERTY developer Hua Yang Bhd will launch two new projects costing a total of RM420 million in Johor Baru this year.
The RM380 million township of Taman Pulai Hijauan will be launched in April and the RM40 million residential development of Polo Park in September.
In 2001, Hua Yang embarked on its flagship project, the RM818 million Taman Pulai Indah, which is being developed in phases.
Beginning in Perak, the company has a total land bank of 315ha in its home state, Negri Sembilan, Selangor and Johor.
The bulk of the land, about 200 ha, is in Perak, and 80ha in Johor.
Hua Yang Johor branch manager Soo Kim Hiang said the company was launching more projects in Johor Baru as it had the third biggest market after Kuala Lumpur and Penang, and its property prices lower than the first two.
“Another compelling reason is the government’s efforts to improve connectivity and infrastructure in Iskandar Malaysia,” he said.
Taman Pulai Hijauan, located near Taman Pulai Indah, has 1,400 double-storey terrace and cluster/semi-detached homes in 10 phases.
Polo Park features 28 semi-detached houses and three bungalows incorporating a tropical design and exclusive living concept.
Hua Yang’s ongoing projects in the country are Symphony Heights and One South in Selangor; Senawang Link in Negri Sembilan; Bandar Universiti Seri Iskandar in Perak; and Taman Pulai Indah in Johor.
The company expects to launch an apartment project in Jalan Abdul Samad, Johor Baru, next year.
The RM130 million project is 3.5km from the Customs, Immigration and Quarantine Complex in the Sultan Iskandar Building.