ISLAMABAD: Bandaraya Development Berhad (BRDB) of Malaysia is investing US$437 million in Pakistan to develop a golf resort, a five star hotel, five housing schemes, condominiums and shopping areas.
According to General Manager BRDB, Leong Jee the investment started in 2006 and would complete in 2015, says a press release received here from Kuala Lumpur.
BRDB intends to construct 18 hole golf course, five housing schemes consisting two kanal, one kanal, fourteen marla and ten marla housing units, five condominiums, clubs and shopping areas.
According to the details provided by BRDB, in the first nine years, it will construct 420 housing units, five condominiums containing 400 units and shopping facilities containing 121 shops.
BRDB is introducing 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.
According to Leong Jee Van, 98% of the work on Phase-I of the project has been completed and was ready to be handed over to its Pakistani partner after provision of electricity and gas connection by WAPDA and SNGPL.
One of Malaysia's first public listed property development companies, BRDB is renowned for creating most sought after development projects in Malaysia.
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