The development of a modern and integrated town, Bandar Baru Meru Raya, has opened up a great opportunity for those looking to invest in commercial and residential properties.
The township is being developed by PCB Development Sdn. Bhd., which is wholly owned by the Perak Development Corporation. Situated just north of Ipoh and beside the North-South Expressway, it covers over 1,500 acres of old plantation land.
It is being developed to house an inter-state bus terminal, a hotel and convention centre, a hypermarket, business and cyber-centre, sports centre and commercial and housing lots; also 22 government departments and agencies and the Tenby International School. Some government departments and agencies have already moved in.
Of course, the success of such a massive project needs the participation of property developers. Kinta Real Estate is one of the many which have responded.
Kinta Real Estate’s contribution to the progress of the town is the Meru Desa Park and 1Avenue, a mixed development of 92 shop-houses and more than 200 residential units.
The commercial units – 1Avenue, is being undertaken by Asiabina Land Sdn. Bhd. The shop-houses will be located nearby to the Ipoh central bus terminal and the Mydin Hypermarket, where a large number of commuters and consumers are expected to converge daily.
Investors will have the option of three designs. There will be a row of 40 three-storey shop houses, which will front a busy main road. These lots are available at RM788,800. Another row of 31 shops will face a commercial complex, where the company proposes to develop entertainment facilities and a hotel, among others. This unit will be priced at RM688,800. The third option is the two-storey units with dual frontage with covered and paved pedestrian walkway. It is priced at RM788,800.
All these shop units will be built on freehold plots of 22’x70’. Asiabina Land director Datuk Poo Tak Kiau said the 1Avenue project is an ideal investment opportunity as completed units of the three-storey lots, for example, would later be able to fetch at least RM1 million.
Those interested in residential property as investment or to stay can look into what Meru Properties Sdn. Bhd. can provide at its Meru Desa Park. There will be double-storey terrace, semi-detached and bungalow units.
The 129 terrace houses of 24’x90’ have wide frontage, enough to accommodate four cars, while the 80 semi-detached are 45’x90’. Both offering ample space for comfortable living and priced at RM308,800 and RM658,000 upwards respectively.
The 24 bungalows with sizes of 8,000 sq ft cost above RM1 million. There are a few exclusive designs to choose from and those interested can register with the company.
Meru Desa Park will also have a clubhouse which will have a swimming pool, gym, sauna and multi-purpose hall which will be for exclusive use of residents and their families. The show houses and clubhouse will be ready for viewing latest by Chinese New Year.
As an all gated and guarded enclave, Meru Desa Park will be a comfortable place to live in with pleasant paved walkways. At the same time, security will be taken care of with CCTV cameras on every street and watchful guards.
Purchasers need to pay 10% upon booking with the balance payable only upon vacant possession. All legal fees for the SPA and loan agreements will be borne by Meru Properties and buyers will not be subjected to any interest payment during the construction period.
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