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| Balik Pulau to get new image with project |
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PENANG : Balik Pulau is about to shed its image as a backwater town known for its durian plantations, as a property developer is due to launch high-end residential landed properties there. |
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Focus Estate Sdn Bhd plans to launch 38 double-storey semi-detached houses and 10 bungalows at its Fortune Residences project at the end of this year and in mid-2007 respectively. |
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| “We will kick off with the development of the semi-detached houses, to be priced from RM500,000 onwards, in December. |
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“The bungalows, to be priced from RM650,000, will be launched in mid-2007,” project manager Lim Kian Kim said. |
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| He said the company had sold 70% of the 122 double-storey terrace houses since the project launch in February and the response was good because of the large built-up area of the units. |
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| “We are providing between 1,800 and 2,000 sq ft in built-up area for the houses, which are priced between RM325,000 and RM465,000. This is larger than the conventional size of between 1,400 and 1,600 sq ft for linked houses.” |
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| Lim said the terrace houses were scheduled for completion in mid-2007. |
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| The other selling point of Fortune Residences is its location near a RM17mil dry and wet market, a municipal council complex and a bus terminal, which are currently undergoing construction. |
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“These projects are expected to be completed in mid-2007,” Lim said.
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| Fortune Residence is also about 15 minutes from Bandar Air Putih, a 300 acre self-contained township project to be developed over a 10-year period. |
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