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I-Bhd launches first residential component at i-City

May 31, 2012

SHAH ALAM: I-Bhd launched its serviced residences known as i-Residence, the third component in the i-City development, here today.

Its CEO, Eu Hong Chew (photo), said the first residential component in i-City will be a new benchmark for Selangor’s capital city from design, amenities as well as infrastructure perspective.

He said i-Residence, with a gross development value of RM225 million, has hit 65% sales to date.

“The residential units in i-City are unique as it is within a MSC Malaysia Cybercentre and thus enjoy many of the infrastructure and services associated with a Cybercentre,” he said at a press conference after the launch of i-Residence by Housing and Local Government Minister Chor

Chee Heung, here today.

The i-Residence project, which constituted 20% of the 29ha i-City development, comprises two blocks of 346 units and 20 low-density exclusive duplex villas measuring between 2,400 and 3,700 sq ft.

The project is scheduled for completion in two-and-a-half years.

Meanwhile, Chor commended the initiatives taken by i-City as many of them were in accordance with the ministry’s Safe City concept.

“The ministry hopes that as the state capital of Selangor, Shah Alam will lead the way in implementing all the 23 measures identified under the Safe City Programme.

“Today, we have developers like i-City who are already adopting many of the measures and this can be a good opportunity for MBSA and i-City to work together.”

Chor also said many housing developers are complying with the conditions and regulations set by his ministry.

“There were only cases of abandoned projects prior to 2009, but since then until now there were no such cases,” he added.

- Bernama


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