Slight price adjustment for remaining Parklane units
Published on: Monday, January 30, 2023
By: Hayati Dzulkifli
Susan (sixth right) posing with the eight buyers of 10 shoplot units of three-storey with other officials in the event.
PAPAR: The pricing of remaining shoplots in Parklane City in Benoni, a new project of WSG Properties, will be slightly adjusted following a hike in prices of construction materials, particularly cement.Its Managing Director Datuk Susan Wong Siew Guen said the adjustment would involve an increase of between five and 10 per cent.
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She said adjusting the pricing is inevitable due to also transportation and shipping costs.
“The units in our new project (Parklane City) have appreciated in value and thus the building materials have also shot up,” she said.
Susan was commenting on a recent announcement by Cement Industries (Sabah) Sdn Bhd of increase in price of cement by five to 15 per cent, effective Jan 4, this year.
Susan said during a handing over of keys of 10 units of three-storey shoplots at Parklane City to eight owners, at its show gallery in Benoni Commercial Centre, here, on Saturday.
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The 10 units are among 24-units three-storey shoplots which were in high demand and already have the Occupation Certificate (OC) obtained in Dec last year, that were sold out. Those units are recognised as premium lots due to its location at the front row of Parklane City facing the main road Jalan Papar Spur.
Susan, who won best developer award for township development from Sabah Housing and Real Estate Developers Association (Shareda) last year, said those who already purchased are lucky as they get to enjoy the original pricing.
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“These 24-unit shoplots are considered as Phase 1 while 64-unit shoplots double-storey as Phase 2 that has reached 60 per cent completion and expected to be completed by June this year, with some 16 units available.
“While Phase 3 comprising 50 units of double-storey shoplots, which has been launched, to be completed end of 2024.
“Once all these units and upcoming housing are completed and the 10Star cinemas are open in May and the Phase 2 ready by June, among others, definitely this appreciate in value as there is a high market demand which enable us to increase the prices to cover the high construction costs,” she said.
In the same event, Susan also contributed RM20,000 to the Buddhist Kong Hock Mission and RM15,000 to Papar Middle School Fund as the company’s corporate social responsibility.
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