Aset Kayamas to unveil The Havre in Bukit Jalil

BUKIT Jalil in Kuala Lumpur is a property hot spot. Since the area was chosen as the location for the National Sports Complex — one of the venues of the 1998 Commonwealth Games — it has seen much construction activity.

First, apartment blocks were put up to accommodate athletes. Later on, various educational institutions set up campuses there, including Asia Pacific University (APU, formerly known as APIIT), International Medical University (IMU), FTMS (Financial Training & Management Services) Global College and TPM (Technology Park Malaysia) College.

The landscape of Bukit Jalil has changed tremendously over the years. The upcoming landmark in the area is Bukit Jalil City — a 50-acre freehold integrated development jointly developed by Malton Bhd and Ho Hup Group. Scheduled for completion in 2019, it will feature a regional shopping mall that has been named Pavilion 2 for the moment.

Many developers have been attracted to Bukit Jalil. A pioneer was Berjaya Land Bhd, with the others including Exsim Group, SkyWorld Development Sdn Bhd, Aset Kayamas Sdn Bhd and Trinity Group.

Volume game

Believing in the area’s potential, Aset Kayamas is looking to launch its second project there, The Havre. The leasehold condominium development is located in Bukit Seri Jalil, about 300m from Bukit Jalil City.

Spanning 3.58 acres, it will offer 1,052 units in two sizes — 1,023 and 1,239 sq ft — housed in two 40-storey towers, with selling prices starting at RM580,000 or RM550 psf. The project, which has a gross development value of RM630 million, will be officially launched on Oct 8.

Every unit will come with three bedrooms, 2½ to three bathrooms, and two car parks.

Managing director Tan Sri Chai Kin Kong tells City & Country that The Havre and Bukit Jalil City will be linked by a covered bridge, to be built by Aset Kayamas at a cost of RM3 million.

“The design is still in the preliminary stage but Bukit Jalil City has already approved it,” he says. “We expect all the units to be sold out on the launch day itself because of the affordable pricing. It is part of the deal with Kuala Lumpur City Hall so that more people can afford to own a house.

“At the same time, we make sure that our quality is on a par [with others], so it is a volume game for us. Our philosophy is to set a lower selling price and gain the margin through volume. This method has proved effective for us.”

He cites the company’s project in Kepong, The Henge. With selling prices starting at RM404 psf or RM445,000, the leasehold development, which will have 1,472 units in four 45-storey blocks, was taken up within two days.

Located on a six-acre tract next to Taman Metropolitan Lake Kepong, The Henge offers facilities that include a wading pool, lap pool, Jacuzzi, floating sundeck, aquatic pond with steam room, wellness deck and lakeview deck, where residents can look out over the lake.

The Havre

Kin Kong cites Bukit Jalil’s proximity to the Kuala Lumpur city centre and growing population as factors that will help sell the project. Bukit Jalil is accessible via the Shah Alam Expressway, Bukit Jalil Expressway, Maju Expressway and the KL-Seremban Highway.

The Havre has received more than 650 registrations in less than a month.

Executive director Michael Chai, who is Kin Kong’s son, says the design focuses on enhancing the living, dining and master bedroom areas. “The living, dining and master bedroom areas are our main focus. For example, we will allocate a space for a walk-in wardrobe in the master bedroom. Some designs are like the layouts of landed homes, where we put all the bedrooms at the back and there are no shear walls between the living, dining and kitchen areas. The space is opened up and it looks bigger. It’s not often you can get a layout like this, and at this pricing.”

The Havre is 600m from the Muhibbah LRT station and Kin Kong says there will be a covered walkway to the station, which will cost the developer RM1.5 million.

Piling works will begin next month, and completion will be 42 months from the signing of the sales and purchase agreement.

The development will feature a four-tier security system: card access and boom gate at the guardhouse, as well as card access at the car park podium, lift lobby and lift.

There will be two facility floors, at Level 7 and the rooftop, offering more than 36 facilities.

On Level 7, there will be a swimming pool, wading pool and jogging track, and on the rooftop, a multipurpose hall, mini futsal court, badminton court, children’s playground, sand pit and sky bridge gym.

The full-glass sky bridge gym will connect the two towers at the 41st floor, and will be the highest such facility in the country, Michael says. The Level 7 facilities are mainly for water activities and green features, while “dry” activities will be on the rooftop.

“The concept of The Havre is Babylon, with greenery everywhere. The façade of the car park podium will also be covered by green plants,” he says.

Aset Kayamas’ first project in Bukit Jalil is Parkhill Residence, launched in 2014 and scheduled for completion by October 2018. The project on 5.65 acres offers 1,062 units in two 45-storey towers, with facilities that include a swimming pool, gymnasium, multipurpose hall and playground. The take-up rate is 98%.

The developer is also building the first Rumah Mampu Milik Wilayah Persekutuan in Kuala Lumpur — Residensi PandanMas — in Kampung Pandan, which is slated to be handed over by April.

This article first appeared in City & Country, a pullout of The Edge Malaysia Weekly, on Sept 19, 2016. Subscribe here for your personal copy.