SEREMBAN, Jan 29 — Property developer Tujuan Gemilang Sdn Bhd (TG) is offering commercial properties at Tamarind Square, Cyberjaya to cooperatives nationwide.
General Manager Abd Rahman Mohd Nor said the properties comprise 40 units of three-storey offices, space suitable for a supemarket, 2,672 parking lots and a 0.405 ha. courtyard.
“Construction is expected to be completed in January 2017. The development is strategically located and offers economy of scale,” he said here today after a briefing for representatives from the state’s cooperatives organised by the Cooperative Commission of Malaysia (CCM)
He said a Coop Mall Square is planned for Tamarind Square in line with the call in the National Cooperative Policy 2011-2020 for cooperatives to become more competitive.
Abd Rahman said 15 cooperatives have confirmed their bookings for a total of 20 units, with some having obtained 90 per cent financing over a 20-year period from CCM.
TG itself is taking up 12 units while the remaining eight units will be offered to coooperatives until April 30 on a first-come first-served basis, he said.
The project, on freehold land covering 5.9 ha. and launched in June 2013, is in three phases. It has a gross development value of RM800 million and meets the requirements for MSC Malaysia status recognition.