news

HDC in talks with developers to redevelop Ranggau housing project

 

HDC-PROJECT
HDC IN TALKS WITH DEVELOPERS TO REDEVELOP RANGGAU HOUSING PROJECT
KUCHING, July 19 (Bernama) -- The Housing Development Corporation, Sarawak,
is in the final phase of discussions with two housing developers to redevelop
the Ranggau Housing Phase three project in Limbang.
The HDC said Phase 3 of the medium-low-cost project, which was developed
upon the request of Limbang residents, was fully completed in 2006, offering 540
units of single-storey houses with prices starting at RM74,175 per unit.
However, only 86 units were sold, while to date there are no takers yet for
the remaining 454 units despite various measures taken to promote sales,
including discounts of between 20 and 30 per cent.
Following poor response from the locals, the HDC made plans to redevelop
the housing project, which is to be undertaken by a designated developer.
The HDC believe after completion of the upgrading and redevelopment, the
project will be well received, it added.
-- BERNAMA
CJ CJ TOM

 

KUCHING: The Housing Development Corporation, Sarawak, is in the final phase of discussions with two housing developers to redevelop the Ranggau Housing Phase three project in Limbang.

The HDC said Phase 3 of the medium-low-cost project, which was developed upon the request of Limbang residents, was fully completed in 2006, offering 540 units of single-storey houses with prices starting at RM74,175 per unit.

However, only 86 units were sold, while to date there are no takers yet for the remaining 454 units despite various measures taken to promote sales, including discounts of between 20 and 30%.

Following poor response from the locals, the HDC made plans to redevelop the housing project, which is to be undertaken by a designated developer.

The HDC believe after completion of the upgrading and redevelopment, the project will be well received, it added. - 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.
SHARE