Shophouses up for grabs
By Maya Salleh

The BT Complex located conveniently near the Brunei International Airport.

The Muara Centre in Muara Town is a great investment opportunity.

The Sultanate has been experiencing a growth in the development of shophouses in recent years, which was not a common sight fifteen years ago. Back then, investors and buyers would simply conduct property purchases without much consideration or comparison of properties.

Today, however, property buyers are more inclined to explore their options weighing important criteria such as location, price and quality, thus they tend to take more time in their decision-making.

Two important projects are currently underway - the Muara Centre in Muara and BT Complex in the vicinity of the Brunei International Airport. Both properties offer alternative and additional opportunities for investors and business people alike.

The Muara Centre is situated in the prime location of the Muara Town municipality, opposite the Muara Police Station, and is divided by the Muara-Tutong Highway. It lies on the left side of the Muara roundabout heading towards the capital, just 500 metres away from the old Muara Town.

The Muara Centre consists of 24 units of two-storey shophouses housed in three blocks. Due to its strategic location, there are only six units left. The going price for the two-storey shophouse is only $270,000 for each immediate unit and construction is expected to be complete in 14 months time.

The attractiveness of the Centre is attributed to the fast development of Muara Town itself where many large-scale projects are underway complemented by existing commercial activities.

Meanwhile, the BT Complex, which is conveniently located just a few minutes away from the Brunei International Airport, is easily accessible and expected to be completed by the end of this year.

The surrounding area is densely populated with government housing areas, government offices and schools. Due to its highly populated nature, this area has the potential to be a booming commercial centre.

The Complex itself, sitting on 3.6 acres of land, is a shopping mall of ultra modern design, in terms of practicality and grandeur. The two-storey shopping complex consists of 40 units each on the ground floor and first floor.

There are four entrances into the mall from the ground floor and three staircases accessing the first floor from the ground floor.

Plus points of the BT Complex include a longer lease, is 5 metres high on the ground floor, has a translucent roof to provide skylight to the common corridor and comes complete with a television hook-up point for every unit to the master television antenna.

This project is already 70 per cent complete and the intermediate unit is priced at only $335,000.

Alphamas Real Estate Agency is the authorised agent responsible for selling and renting the above projects. They will provide assistance to buyers making their purchases, including application for banking facilities.

More information can be obtained by contacting Janice 8738851 or Mr Foo 8770282.

Courtesy of Borneo Bulletin