Magnibiz to launch Block 3 of KLCC Kampar by 1Q2017

PETALING JAYA (Oct 1): Magnibiz Development Sdn Bhd, the property development arm of construction firm Magnibiz Sdn Bhd, plans to launch Block 3 of its Kampar Lake Campus Condominium or KLCC, located in Kampar New Town by 1Q2017, once sales of both Blocks 2 and 3 hit 80%.

Sitting on a seven-acre leasehold parcel and offering a total of 350 units in three 11-storey blocks, KLCC Kampar has a gross development value (GDV) of RM150 million. The built-ups will range from 913 sq ft to 1,430 sq ft and layouts will include 3- and 4-bedroom units with two or three bathrooms.

Slated for completion in 2018, the project’s Blocks 2 and 3 have seen a take-up of 60% since its launch at the end of last year. Prices start from RM398,000 and the maintenance fee is RM0.20 psf.

Magnibiz Development sales and marketing manager Patrick Kum told City & Country that half the buyers came from the Klang Valley, while the rest were from other states of Malaysia.

“All units will be fully furnished with water heaters, air conditioners in all the bedrooms, ceiling fans in all the rooms, dining set, sofa set, kitchen cabinets, bed set, table set and wardrobe,” he said, adding that there will a clubhouse with facilities such as a cafeteria, yoga room, swimming pool, barbecue pit, badminton court, multipurpose hall, classroom and gymnasium.

KLCC Kampar is located next to Tunku Abdul Rahman University College and is a stone’s throw away from Universiti Tunku Abdul Rahman (UTAR).

“A unique selling point for KLCC Kampar is two double-welcome study lofts, one in Block 1 and another in Block 3. Each study loft will be about 2,000 sq ft and will have free WiFi as well as table and chairs. There will also be a coffee bar at night,” added Kum.

According to Kum, for investment purposes, the rent could be RM400 per bed per month with WiFi facilities.

“Currently, the main accommodation for students [in Kampar] is old terraced houses and the rent is RM420 per bed per month without facilities and wireless internet. KLCC Kampar will be the first condominium with full facilities. We are working with UTAR’s Department of Student Affairs and we can help buyers find and manage tenants,” he said.

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This is an excerpt of the report in the Oct 3, 2016 issue of City & Country, the property pullout of The Edge Malaysia. Subscribe here for your personal copy.