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July 2004SPK to build 2,100 homes in Sg Petani

20th July, 2004, The STAR : Biz
By DAVID TAN in Sungai Petani

SHARIKAT Permodalan Kebangsaan Bhd (SPK) will launch 2,100 units of landed residential properties with gross sales value of RM350mil next month and early next year in Sungai Petani.

The properties would be located on a 711-acre site at Ambangan Heights , group managing director Saiful Aznir Shahabudin told StarBiz after the groundbreaking ceremony for Persiaran Amanjaya 5 and the handing-over off 55 homes to families at Bandar Amanjaya in Sungai Petani.

When completed in September, Persiaran Amanjaya 5, a RM7mil dual-lane, 4.1Km access road that SPK was building, would cut traveling time between Bandar Amanjaya and Sungai Petani town to five minutes, from half and hour currently. 


Kedah Mentri Besar Datuk Seri Syed Razak Syed Zain signing the plaque at the ground breaking ceremony. Looking on are Saiful and SPK executive director Datuk Mydin Mohd Sheriff (right)

The latest development would kick off with 600 single-storey semi-detached houses with gross sales value of about RM90mil, Saiful said, adding that about 70% were sold during the soft launch recently.

The properties, with built-up area between 1,100 and 1,600 sq ft, and priced between RM150,000 and RM160,000, come with a double car porch, wet and dry kitchens, indoor courtyard, attic, and sloping high ceiling.

"They are scheduled for completion within 18 months' of the launch," he said.

Saiful said SPK would launch early next year guarded communities comprising 1,200 semi-detached houses, with gross sales value of about RM200mil, and 300 bungalows, with a gross sales value of RM60mil.

"Each project will have a single entry and exit road, which is guarded," he said.

"Both the semi-detached and bungalow units will have unique contemporary features and design."

Saiful also said SPK was in the process of finalisng the master plan for the key commercial and government administrative centre of Sungai Petani on a 110-acre site in Bandar Amanjaya.

SPK also planned to complete by the end of the year the 1,100 semi-detached and terrace houses in Ambangan Heights launched in 2003 and in early 2004.

ince 1998, SPK had completed 1,200 units of landed residential properties with gross sales value of RM140mil at Ambangan Heights.



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