Real estate: Malaysian firm to invest $437m by 2015

BRDB plans to develop golf resort, shopping centres, as well as over four hundred housing units by 2015.

ISLAMABAD: Malaysia company Bandaraya Development Berhad (BRDB) is investing $437 million in Pakistan to develop a golf resort, a five star hotel, five housing schemes, condominiums and shopping areas.

BRDB is introducing the concept of condominiums in Pakistan due to their popularity in Malaysia. The condominium is a multi story housing complex equipped with civic amenities like community hall, gymnasium, playing area, mosque, retail centre and swimming pool.

The BRDB General Manager Leong Jee said the investment started in 2006 and would complete in 2015. In the first nine years, it will construct 420 housing units, 5 condominiums containing 400 units and shopping facilities containing 121 shops, he added.

BRDB is one of Malaysia’s first public listed property development companies and is renowned for creating most sought after development projects in Malaysia.

Published in The Express Tribune, December 29^th, 2010.