MKH gears up for 2H18 launches

KUALA LUMPUR (May 25): MKH Bhd is planning to launch properties worth some RM581 million in GDV in the second half of the year, its managing director Tan Sri Eddy Chen told EdgeProp.my.

The projects include the Kajang East Precinct 1 double-storey terraced homes, MKH Boulevard II serviced apartment and commercial development in Kajang, and phases 5, 10 and 11 semidee and terraced shoplots at Hillpark @ Shah Alam North, Puncak Alam, Selangor.

Kajang East Precinct 1 will consist of 329 units with built-up size of 1,850 sq ft and an indicative selling price from RM782,000. The 144 units of semidee and terraced shops in Hillpark will have built-ups of 3,150 sq ft with an indicative selling price from RM1.63 million, while those between 3,078 sq ft and 3,531 sq ft will have a tentative selling price from RM1.08 million.

As for the MKH Boulevard II serviced apartments, there will be 604 units in total with built-ups from 550 sq ft to 950 sq ft. Their indicative selling prices start from RM335,000 onwards, offered Chen.

These launches follow the recent launch of Inspirasi Mont’Kiara serviced apartment project in Mont’Kiara, Kuala Lumpur — its first launch for 2018.

Chen expects the project, which has seen a take-up rate of 70% since its launch on the weekend of April 14 and 15, to be sold out in the next three months.

“One of this project’s appeal is its accessible location within the mature and upscale neighbourhood in Mont’Kiara.

“It is strategically located close to four international schools — the Garden International School, Mont’Kiara International School, Lycée Français de Kuala Lumpur and The International School @ ParkCity. On top of that, it is also surrounded by six shopping malls such as Solaris Mont’Kiara and Publika, where they [homeowners] can get all their daily necessities conveniently,” he shared.

Comprising 640 units spread across two towers sitting on a 3-acre leasehold site, the development — which is located diagonally opposite the Garden International School on Jalan Kiara 3 — has a GDV of RM430 million. Prices are from RM729,000 for built-ups ranging from 940 sq ft all the way to 1,778 sq ft. Sitting below the 46-storey development are two ground-level shoplots with a total built-up of 2,701 sq ft.

“We are targeting owner-occupiers, empty nesters, small families, city professionals and expatriates who may want to send their children to the many international schools there.

“The range of built-up sizes can cater to different people with different needs,” said Chen.

The amenities in the development include a kindergarten, children’s playground, landscape gardens, infinity lap and wading pool, yoga room, lounge deck and barbecue terrace. The development is also certified with the Green Building Index.

The project is connected to 10 major highways such as the Penchala Link, New Klang Valley Expressway, North-South Expressway and Sprint Expressway.

The developer is also constructing a 200m elevated link bridge from Jalan Kiara 4 to provide an alternative access to the project. This has been approved by the Kuala Lumpur City Hall.

“The construction will cost us some RM10 million. The road will be completed at the same time as the development, so the homebuyers can use it once they move in,” added Chen. The project is slated for completion in 2022.

This story first appeared in EdgeProp.my pullout on May 24, 2018. Download EdgeProp.my pullout here for free.