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• CMS Group's 5,200 acre land bank in Kuching is
being developed into a riverine township by Projek Bandar Samariang,
a joint-venture with the Employees Provident Fund Board. The development
began in 1999 and will be spread out in phases over 20 years to
create a vibrant and well-planned township of residential and
commercial units, schools, parks and other amenities. Current
developments at Bandar Baru Samariang are part of Phase 1.
• A main road access into the heart of
Bandar Baru Samariang opened in September 2005. This new dual-carriageway
has shortened the traveling distance by over 2 km, and provided
greater ease for the 19,500 residents already living in the area
and for its future populace.
• A total of 131 units of terraced and
semi-detached houses were handed over in 2006 as well as 56 units
of 3-storey shophouses.
• CMS Property Development, the Project
Manager and sales and marketing arm for Bandar Baru Samariang,
participated in a number of property road-shows and exhibitions
in 2005. Apart from meeting with potential buyers in Kuching,
the team also promoted Bandar Baru Samariang properties to prospective
buyers in Sibu and Miri. Of keen interest to these non-Kuching
residents were the commercial shophouses.
• In all, sales of residential properties
at Bandar Baru Samariang generated RM17.6 million in revenue in
2005 and added variety to the range of homes offered.
• Two parcels of land in Bandar Baru Samariang
were sold during the year to developers planning to build residential
properties including higher-end homes. This has accelerated development
in the area and boost its population density.
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