KUALA LUMPUR: Fancy buying a home that comes complete with a luxury car? TH Properties Sdn Bhd’s strategic alliance with Naza Group may well make this possible. The two parties signed an MoU on March 9 to develop 52 units of luxury bungalows in Bandar Enstek, Negri Sembilan.
Naza Group subsidiary Naza Properties Sdn Bhd will work together with TH Properties, a subsidiary of Lembaga Tabung Haji, to develop the project with a gross development value (GDV) of RM100 million.
Under the partnership, the Naza Group will be packaging vehicles from its stable of imported marques for each home, said Naza Group joint group CEO Datuk SM Faisal Tan Sri SM Nasimuddin.
"We're working on the mechanism at the moment, but we will definitely add value. We want to extend our cars and motorcycles to other industries and fields, thus, completing the lifestyle experience," he added.
The high-end development, situated in Parcel K of the mixed residential and commercial 1,149-acre timur@enstek, will comprise 1- and 2-storey linked bungalows on approximately 30 acres of freehold land, said TH Properties CEO Zaharuddin Saidon.
The units, which will bear Italian influences, will be geared mainly towards participants of the Malaysia My Second Home or MM2H programme, he added.
TH Properties expects to soft-launch the bungalows in April and officially launch the project in July.
"We'll have to construct the show unit first, complete with a car in the driveway," he quipped.
According to him, the development at Parcel K marks the beginning of the cooperation with Naza Group, with the Group’s various companies offering different expertise in Bandar Enstek.