Green Target to launch RM350 mil residential project in Raub

KUALA LUMPUR (Feb 27): Green Target Group plans to bring Kuala Lumpur’s lifestyle to the small town by launching The Colonial in Raub, Pahang this August.

“We want to bring Kuala Lumpur’s lifestyle to Raub but our homebuyers won’t have to pay KL prices and they still get to enjoy the same kind of facilities,” said Group Target managing director and CEO Datuk Tan Hong Lai.

The Colonial will come up on 87 acres of freehold land with a gross development value (GDV) of RM350 million. It will be developed in four phases.

The first phase of The Colonial will consist of 130 units of 2-storey terraced and superlink terraced houses under the Portico series, with built-ups starting from 2,084 sq ft and prices from RM450,000.

“A typical 2-storey terraced house in Raub is already going for more than RM450,000 and for the same price, our homebuyers will also get a lifestyle complete with modern facilities,” he pointed out.

Tentatively, Phase 2 will include 2-storey terraced homes, superlink terraced homes, cluster homes and semi-detached houses. Currently, there are no details on the built-ups or pricing.

VPC Alliance East Coast property consultant and registered valuer Gary Wong believes that 2-storey terraced houses are still the best-selling-property type in Raub.

“The residents are mostly owner-occupiers comprising young working couples and small families, and are involved in agricultural and retailing activities,” he added.

For the full story, read the Feb 29 issue of City & Country, the property pullout of The Edge Malaysia. Subscribe here for your personal copy.