New RM20mil road in Kulim Techno-City to open end of the month

Better access: An aerial view of the 1.85km KTC Outer Ring Road in Kulim.

THE 1.85km KTC Outer Ring Road encircling Kulim Techno-City (KTC) residential and commercial areas is now ready and will be open to traffic by the end of this month.

The four-lane 100ft-wide expressway, built at a cost RM20mil, will improve accessibility between parts of the KTC development in Kedah, which is being developed by Belleview Group and currently comprises Phases 1, 2, 3 and 4.

Besides leading to the upcoming Phase 5 and 6, it also connects to the Kulim High-Tech Park (KHTP) and surrounding neighbour-hoods.

The road provides motorists with easy access to the expressway and Jalan Mahang where the Kulim Hospital, petrol stations, schools, police and fire stations, as well as the Kulim Golf and Country Club are located.

Residents working in the nearby KHTP or those sending their children to nearby schools, will soon enjoy shorter travels to their destinations.

The road is also expected to increase the capital appreciation of houses in the vicinity including the recently completed KTC’s Phase 3C3 and Phase 4A2, of which 95% have been sold.

The Year 2015 is set to be momentous for KTC, regarded as an affordable premium and quality residential area, as Phase 1D, E and F are expected to be complete ahead of schedule in March.

Phase 2A, consisting 127 units of single-storey and 22 units of one-and-a-half-storey terrace homes are set for launch next month. - The Star

Sentoria plans RM800m project in Kedah

KUALA LUMPUR (Jan 2): Property developer and leisure resort operator Sentoria Group Bhd ( Financial Dashboard) has proposed to acquire three parcels of freehold land in Bandar Amanjaya, Kedah from Ideal Appraisal Sdn Bhd for RM46.44 million.

In a filing with Bursa Malaysia today, Sentoria said its 75%-owned subsidiary, Sentoria Utara Sdn Bhd, has signed a sale and purchase agreement (SPA) with Ideal Appraisal for the proposed acquisition of lands totalling 304.605 acres.

The completion of the acquisitions is expected in the first quarter of 2016.

“The lands are adjoining to each other and are situated with 9.2km route from toll Sungai Petani Utara at Kuala Muda, Kedah and next to Ambangan Heights," it added.

Sentoria said it intends to develop the lands into mix development of residential and commercial components, in particular affordable housing segment.

"Based on the preliminary plans and subject to the approval of the relevant authorities, the lands are expected to generate an estimated gross development value of RM800 million," it added.

Sentoria plans to fund the land acquisitions through internal funds and/or bank borrowings.

Its shares closed at RM1.23 today, giving it a market capitalisation of RM554 million. - The Edge