Tuesday, 6 March 2012

Hock Seng Lee plans mixed devt near Kuching, GDV RM700m

KUALA LUMPUR (March 6): HOCK SENG LEE BHD [] plans to undertake a mixed commercial and residential property project in Bandar Samariang, Kuching with an estimated gross development value of RM700 million.

It said on Tuesday the project would involve 1,500 houses comprising of semi-detached, quadruplex and terraced houses, 2,000 units of affordable housing units and 40 shophouses.

“This is expected to generate an estimated GDV of approximately RM700 million. Samariang Aman 3 is expected to commence in 2013 and will span a development period of six to eight years,” it said.

Hock Seng Lee said the project would on 275.5 acres of land which it was acquiring from Projek Bandar Samariang Sdn Bhd for RM25.54 million.

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