Bandar Raya completes first phase of development project in Pakistan

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) is nearing completion of the first phase of a mixed development project which involves a total investment of US$437 million (RM1.35 billion) over a nine-year period in Pakistan.

In a statement released by the High Commission of Pakistan, BRDB general manager Leong Jee Van said 98% of works on phase-1 had been completed, and it was ready to be handed over to its Pakistani partner after the provision of electricity and gas connection by the Water and Power Development Authority (WAPDA) and Sui Northern Gas Pipelines Ltd (SNGPL) respectively.

Under the investment which began in 2006, the company plans to construct an 18-hole golf course, a five-star hotel, five housing schemes, five condominiums, clubs and shopping areas.

Meanwhile, an official from the Pakistan Embassy told Bernama that the first phase, comprising the development of residential units as well as a golf course, had an investment of US$97.33 million. There are three more phases remaining to be completed, he said.

The second and third phases involving a total investment of US$296.16 million will see the development of residential, commercial and condominium units as well as a shopping complex.

The last phase will see the development of residential units valued at US$43.15 million.

The project started in 2006 and is expected to be completed by 2015, and the embassy said BRBD will construct a total of 420 housing units, five condominiums containing 400 units and shopping facilities containing 121 shops.

According to it, BRDB is introducing the concept of condominiums into Pakistan due to their popularity in Malaysia.

The condominiums would feature amenities like community halls, gymnasiums, playing areas, mosques, retail centres and swimming pools. — Bernama
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.