19/07/2008 Bernama

SHAH ALAM, July 19 (Bernama) -- The Selangor state government and Gaya Irama Development Sdn Bhd today unveiled a mixed development project in Pekan Subang to revive the township and surrounding areas adjacent to the Sultan Abdul Aziz Shah Airport.

Called Pusat Bandar Subang Utama, the project will be on a two-hectare site comprising modern facilities such as five blocks of shop and apartment complexes, a four-storey carpark with a wet market on the ground floor as well as power stations and a sewerage treatment plant.

Gaya Irama executive director Ali Shahrir Roose told reporters that construction work was expected to start in the next two months.

The project was expected to be completed within 24 months with a gross development value of between RM40 million and RM45 million, he said.

Ali said the project was on a privatisation basis with the state government contributing the land for the company to develop in exchange for the wet market and a primary religious school at Section U5, Subang Bestari.

He also said that the company currently has no landbank but was looking for vacant government land to be developed via privatisation or abandoned projects to be revived, especially in the Klang Valley.

Selangor state executive councilor for housing, Datuk Mohd Mokhtar Ahmad Dahlan, who performed the ground-breaking ceremony, said the new project would act as a catalyst for the development of Pekan Subang.

He said development of the area would be undertaken by the Shah Alam City Council together with the help of the private sector and the township would be renamed Bandar Subang Utama.

Mohd Mokhtar also called on the residents to hold on to their land as the area around the airport would be developed into one of the biggest aerospace centres in the region as announced by the federal government.

"There will be some spillover effect from the federal government project at the Subang airport in terms of property value as well as business opportunities in terms of sales of goods and services," he said.

It was previously reported that Terminal One of the Sultan Abdul Aziz Shah Airport would be turned into the Malaysia International Aerospace Centre, a global aerospace hub.

-- BERNAMA