Article: Asas Dunia: Priority is to dispose of unsold units

Marina Emmanuel
New Straits Times
06-24-2008
Asas Dunia: Priority is to dispose of unsold units
Byline: Marina Emmanuel
Edition: Main/Lifestyle
Section: Business Times
Type: Company

PROPERTY developer Asas Dunia Bhd said it will concentrate on selling off what's already been built this year and hold off new launches.

The Penang-based developer has three new residential projects pending approval in Nibong Tebal, Jawi and Permatang Tinggi in Seberang Prai, with a total gross development value of RM215 million.
"Once approval is granted for the projects, we will begin earthworks at the 40ha site. However, timing of the launches will hinge on construction costs versus our selling prices," Asas ...

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