Monday, February 18, 2008


Wah Mie Group to have own corporate building


Leading developer Wah Mie Group will soon have its own corporate building in Taman Indah Jaya located opposite the Indah Jaya Clubhouse. “Construction of the corporate building will commence and god willing, we will be able to move into the new premises by 2009,” Managing Director Kong Kwok Wah said in his address during the Wah Mie Group annual dinner at Yu Yuan Secondary School hall on Saturday. Apart from bigger and spacious office and conference facilities, we would have our own exhibition hall to display our company’s products. This is in line with the company’s policy to excel in providing better quality houses, he added. Meanwhile, Kong said the Wah Mie Group had completed and delivered a total of 449 houses last year, of which 329 units were in Sandakan and another 115 in Kota Kinabalu which was an improvement over 2006. “Currently, we have three ongoing projects in Sandakan namely Taman Airport, Taman Sejati Ujana and Taman Mawar Phase 7. We have just launched a big scale condominium project in Luyang, Kota Kinabalu,” he said. The total number of units to be built over a period of three to five years is 55 units. The take-up rate is very encouraging. There are altogether three blocks and upon launching, we have secured more than 70 percent booking for the two blocks, Kong said. “We also have our ongoing projects at Sepanggar, Kota Kinabalu comprising semi-detached houses selling at more than RM500,000 per unit, detached houses at RM780,000 to RM800,000 per unit and limited number of terrace houses selling at RM280,000 per unit,” he said. Kong added that the company’s development at Sepanggar has become one of the most prominent housing estates with good appreciation potentials. With the development of the Kota Kinabalu Container Port, proposed free trade zone, submarine base, the KKIP and the many education institutions, all along Sepanggar, this investment will definitely give buyers a good and positive return in due course. Deputy Chief Minister Datuk Raymond Tan who also attended the dinner, urged the Land and Survey Department to expedite the process in the issuance of land title status to housing developers. Touching on the complaints by some house buyers of Taman Indah Jaya on the delay in obtaining land titles, Tan said the department had issued letters of offer to them two days ago.