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Hamidon (right) talking to homebuyers during the site visit to
Nadayu28 condominium.
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PETALING JAYA: Nadayu Properties Bhd, which has just completed its
privatisation exercise, aims to launch five projects with a combined gross
development value (GDV) of RM1.5bil this year.
Executive chairman Hamidon Abdullah said the company had lined up four
projects in the Klang Valley and one in Penang to be launched in phases.
“It would be a busy year for us as we will also be focusing to redefine our
products,” he told StarBiz after the company’s inaugural homebuyers’ site
visit to its Nadayu28 Bandar Sunway on Saturday.
“The competition is getting tough, developers are chasing for buyers, hence
that is why our emphasis for this year is to redefine our products as well as
keeping a close relationship with our customers,” he said.
He said the site visit for house buyers was part of the company initiatives
to understand its customers and to allow housebuyers to provide their feedback
on the units constructed.
The niche property developer will be launching Nadayu62 and Nadayu63 in
Melawati, Nadayu99 in Cyberjaya, Nadayu290 Bukit Gambir in Penang and the first
phase of Areca Contempo Homes, Cyberjaya, this year.
The Areca Contempo Homes is developed by Nadayu’s sister company Areca
Properties Sdn Bhd.
All the projects will have an equal mix of landed residential properties and
high-rise units, comprising condominiums, serviced apartments and hotel, linked
villas and small-office-home-offices (SoHos).
Hamidon said most of the properties weare expected to be priced between
RM400,000 and RM600,000.
He noted that while there was a slight slowdown in demand due to various
measures introduced by Bank Negara to curb lending to the property sector, the
company’s take-up rate remained strong.
“We are a medium-sized developer, hence we are very focus in our delivery,”
he said, adding that the company aimed to buy more land in the Klang Valley and
Penang next year. It is currently in both of these markets.
“We plan to focus on all our projects lined up for this year; only then will
we look to expand land bank,” he said.
For more information on Building and
Construction event, please visit www.asiapacificevents.com
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