Nadayu plans RM1.5bil projects, four in Klang Valley one in Penang

Hamidon (right) talking to homebuyers during the site visit to Nadayu28 condominium.

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.

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