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PETALING JAYA (Oct 31): Malaysian Resources Corp Bhd (MRCB) will be launching its Kalista Park Homes in Bukit Rahman Putra, Sungai Buloh this November.
According to MRCB’s chief operating officer Kwan Joon Hoe, the 5.5-acre freehold project has a gross development value (GDV) of RM101 million, comprising only 28 units of 3-storey superlink houses and 18 units of 3-storey semi-dees.
“It is a private and exclusive residential enclave in Bukit Rahman Putra, which houses only 46 units of freehold landed property,” Kwan told TheEdgeProperty.com.
Targeting upgraders and owner-occupiers, Kalista Park Homes is slated for completion in 4Q2018, he added.
Situated on a land size of 40ft x 85ft, the 3-storey semi-dees will have built-ups of 4,679 sq ft for the golf view units while the standard units will have built-ups of 4,561 sq ft. Each unit will comprise 6+1 bedrooms and 7 bathrooms. Prices will start from RM2.5 million.
Meanwhile, with a land size of 24 ft x 80ft, the 3-storey superlink houses will have built-ups of between 3,829 sq ft and 4,257 sq ft.
Corner units will have 5+1 bedrooms and 6 bathrooms while intermediate units will have 4+1 bedrooms and 5 bathrooms. Prices will start from RM1.6 million.
Another upcoming property launch includes Sentral Suites in KL Sentral, which comprises three 43-storey towers with 1,434 units of serviced apartments and 41 units of retail lots. The project has a GDV of RM1.5 billion.
Kwan said Sentral Suites will also be launched in November this year, targeting investors aged between 30 and 50 years, as well as foreign buyers from China, Japan and Indonesia. Prices will start from RM1,200 psf.
Moving forward to 2017, Kwan added that MRCB will launch 9 Seputeh Phase 2 in February.
9 Seputeh has a GDV of about RM800 million, offering 720 residential units priced between RM850 psf and RM1,000 psf.
Kwan is optimistic about MRCB’s sales growth, despite the sluggish property market.
“Our sales performance for the ongoing projects have been good, despite the slowdown in the overall property market. For instance, while other developers are struggling to sell, we have managed to push our sales of 9 Seputeh [Phase 1] into 80%.
“Yes, it is a challenging market, but we as developers have to be more innovative, not only on products, but also to provide a complete solution to buyers and meet their needs,” he said.
He remains confident that MRCB will be able to maintain its sales momentum for its new launches.
“Our upcoming launches have gone through a thorough analysis of the present market sentiment and we have tweaked it further along the way to ensure market acceptance and favourable response.
“We have always placed importance on being innovative and we give very high priority to understanding both the wants and needs of the market segments in each of our new products that we are competing in.
“In addition, our projects are all located in strategic locations that historically have been proven to be least affected even in a subdued market sentiment.
“With good master plans that not only develop within our land but also beyond it, by bringing in connectivity, infrastructure and amenities into the development, we will assure values to our purchasers eventually,” he said.
