“Frontier 2, with a GDV of RM354 million, is expected to be completed by fourth quarter next year. It will cover 25.1ha and comprise 86 semi-detached and six detached factories. The built-ups for the semi-detached units are from 6,341 to 13,395 sq ft, while those for the detached units are between 23,409 and 65,156 sq ft.”
Frontier park to help keep WB Land’s earnings intact
WB Land Sdn Bhd is banking on its first project, Frontier Industrial Park, to be its jewel in the crown.
The Johor-based developer expects the project in Desa Cemerlang, Ulu Tiram, here, which has a gross development value (GDV) of RM600 million, to keep its earnings growth intact.
According to its general manager and director Wong Yen Yap, the property market in Johor is strong, especially with continuous demand for industrial properties that will spur domestic and foreign investments.
Frontier 2 is strategically located within Iskandar Malaysia and is only 15 minutes of drive to Johor Port, 25 minutes to Woodlands Checkpoint and 30 minutes to Senai Airport.
Spanning over a 55ha site, the park comprises three phases namely Frontier 1, Frontier 2 and Frontier 3.
The project includes a dormitory that can accommodate up to 1,500 workers and some commercial components. The entire development is slated to be completed by 2018.
Having launched the first phase of Frontier Industrial Park, WB Land expects good response for the second phase, dubbed Frontier 2, which is set to tap the spillover benefits of the rising demand for industrial properties.
Wong said he is bullish on Frontier 2 sales and expects volume to be driven by local and foreign buyers.
“The take-up rate for Frontier 2 is looking healthy at the moment and we are upbeat on the market,” he said, noting that so far, the second- phase development has received 40 per cent of bookings from international companies.
Frontier 2, with a GDV of RM354 million, is expected to be completed by fourth quarter next year. It will cover 25.1ha and comprise 86 semi-detached and six detached factories.
The built-ups for the semi-detached units are from 6,341 to 13,395 sq ft, while those for the detached units are between 23,409 and 65,156 sq ft.
They are priced between RM2.2 million and RM9 million.
Read from the source here.
