OSK unit buys Cyberjaya land

April 9, 2010 |

(New Straits Times, Friday, 9 April 2010 – Property – Page, 10 )
The Idea House, modelled on a traditional Malay village dwelling, is one for the future

OSK Property Holdings Bhd is buying two parcels of land in Cyberjaya, Selangor, forRM32.68 million. Its wholly owned jelang Vista Sdn Bhd has entered into an agreement to purchase 257,711sq ft of land from Cyberview Sdn Bhd and an adjacent 271,479sq ft from Setia Haruman Sdn Bhd. The land forms part of the Cyberjaya Flagship Zone.

Setia Haruman has been granted approval to develop 480 units of low rise condominiums with an estimated gross development value of RM300 million and which can reap a gross, profit of RM75 million.

Development is expected to begin by year-end and to complete in 2013.
Nicholas Leong

The house’s open plan, with sliding external and interval walls, allows natural ventilation

The construction system reduces reliance on manual labour, and the house is 100 per cent recyclable.

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