JOHOR BARU: Phase 2 of Frontier Industrial Park by WB Land Sdn Bhd saw its Type A and Type B factory units fully sold as of their official launch on July 19. The development was launched by Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin.
“There was an overwhelming demand in the last two weeks resulting in all available units of Type A and Type B semi-detached factories being taken up,” WB Land general manager Wong Yen Yap said, commenting on the brisk pre-launch sales.
Type A and Type B units will make up 34 units of the 92 available in phase two of Frontier Industrial Park. The 16 units of Type A semi-detached factories each has a land area of 11,502 sq ft and built-up area of 7,008 sq ft. They were sold at between RM2.287 million and RM3.325 million.
Meanwhile, the 18 units of Type B semi-detached factories were sold at between RM2.329 million and RM2.844 million. They have land areas of 11,071 sq ft each and built-up areas of 6,341 sq ft per unit.
The 62-acre (25.09ha) phase 2 has a gross development value (GDV) of about RM354 million. Earthworks are 95% complete and the entire phase will be completed in the fourth quarter of 2015.
The gated, guarded and green industrial development will feature mobile patrols and CCTV coverage, as well as a two-acre central park.
“The company has 24 units of Type D semi-detached factories up for sale, along with four units of Type E detached factories and two units of Type F detached factories,” said WB Land head of marketing Kevin Woon.
The Type D units are priced from RM4.312 million to RM4.768 million and have built-up areas of 13,395 sq ft on 19,043 sq ft plots. Type E units are for sale from RM7.116 million to RM8.128 million for built-ups of 23,409 sq ft on plots of 39,494 sq ft.
Meanwhile, Type F units have an indicative built-up of 26,000 sq ft on land areas of 52,010 sq ft and 65,165 sq ft each. Their price tags start from RM7.75 million.
“Prices of Type F units are not fixed because WB Land will build customised factories for the individual buyers so there are several other variable cost factors,” said Woon.
The 28 units of Type C semi-detached factories will be open for sale at a later stage due to construction and site planning reasons. These will be priced between RM3.843 million and RM4.657 million.
Phase 2 of Frontier Industrial Park is strategically located next to Desa Cemerlang in Ulu Tiram within Iskandar Malaysia and is 15 minutes to Johor Port, 25 minutes to Woodlands Checkpoint and 30 minutes to Senai Airport.
Phase 3 will be launched in July next year and will encompass an area of 40 acres. WB Land’s entire development will be completed by July 2018 and has a total GDV of RM600 million. — by Syuhida Silmi
This article first appeared in The Edge Financial Daily, on July 25, 2014.