MARAN, October 15 — Top Land Resources Sdn Bhd is undertaking a joint venture with Mentiga Development & Construction Sdn Bhd (MDCSB), a subsidiary of the Pahang state government, to develop a new commercial hub, Tun Razak Business Park, in Bandar Tun Abdul Razak, Jengka here at a development cost of about RM100 million.
Top Land project manager Alwin Yan said the project which started since July this year would be developed in three phases on a 8.9-hectare site strategically located next to the main road leading to Jerantut and Maran.
“From our observation, we find that demand for commercial properties in this area is high as it is located between Maran, Jerantut and Mentakab, and is close to Universiti Teknologi Mara, Jengka, bus terminal and sports complex.
“This was evident when 96 units of shops for the first phase have been fully sold, 80% out of the 61 units offered under phase two have been sold while for phase three, five out of 28 units have been booked,” he said.
He said this to Bernama after the groundbreaking of the Tun Razak Business Park here today, officiated by Pahang Menteri Besar Datuk Seri Adnan Yaakob who is also chairman of Mentiga Corporation Bhd, the holding company of MDCSB.
Also present was Mentiga Corp managing director Datuk Muhammad Nasir Puteh.
Yan said the shops were priced from RM638,000 to over RM1 million, with built-up area ranging from 2,048 sq ft to 6,932 sq ft.
Tun Razak Business Park, which is expected to be fully completed in early 2018, also provides facilities such as hall, surau and an alfresco-concept food court fronting the river.
Additionally, he said the company would retain 30% of the area as green lung in efforts to conserve the environment.
Meanwhile, Adnan said he hoped the development of the Tun Razak Business Park would further stimulate the economic development of the area which is surrounded by 25 Felda settlements with 77,000 residents.
“We hope this project will become the catalyst to develop Bandar Tun Abdul Razak in general, and may be after this residential areas and tourism would also be developed following rapid development here,” he said.