MKH launches eight projects worth RM1.6b this year

KAJANG: MKH Bhd will launch eight projects this year, with a gross development value (GDV) of RM1.6 billion. The eight projects are Pelangi Heights in Pajam, Negeri Sembilan; Hillpark Shah Alam in Puncak Alam, Selangor; Kajang Avenue, MKH Avenue 1, MKH Avenue 2 and Saville @ Kajang in Kajang; as well as Hillpark Homes 3 in Semenyih, Selangor; and Saville @ Cheras in Cheras.

According to the group, MKH initially planned to launch only six projects and MKH Avenue 2 and Saville @ Cheras were not included. However, due to the encouraging response to its affordable and mid-range landed residential homes such as Hillpark Shah Alam, Kajang East, Pelangi Heights and commercial development MKH Avenue I in Kajang’s commercial business district in recent months, MKH decided to launch Avenue 2 and Saville @ Cheras.

The group said demand from genuine home buyers and upgraders has been strong with 60% to 100% of units sold within a few weeks of the launch.

MKH managing director Tan Sri Eddy Chen said, “Following the successful launch and positive response to these projects, other residential projects to be launched soon include the affordable landed properties Hillpark 3 in Semenyih and high-rise residential units adjacent to the MRT stations — Saville @ Kajang and — Saville @ Cheras in Kajang and Cheras respectively.

“Enquiries for the three new projects have been very good so far and we expect the project to be sold out at the official launch, which is slated within these few months during our property carnival campaign.”

MKH will showcase all its current, new and future projects in conjunction with the official launch of its property carnival themed “MKH Treasures You”, on Sunday in the Kajang 2 sales office gallery. The nationwide property carnival will be on for six months from March 11 until Aug 30.

“As we value and appreciate our customers, we believe the ‘MKH Treasures You’ property carnival is a great way to reward our customers. The amazing and irresistible RM10 million worth of prizes are up for grabs! Participants will receive unique prizes of investment that can be passed on to future generations, plus  grand prizes including cars and MKH’s signature home,” said Chen.

During the property carnival, customers can choose their dream homes from any of MKH’s signature developments in Kajang and greater Kuala Lumpur. All these projects are located within well-planned infrastructures and matured townships, some of which are within few kilometres of MRT stations.

Pelangi Heights has a GDV of RM198 million, comprising bungalows (RM900,000), semi-detached houses (RM700,000) and 2-storey links (RM450,000) which will be launched in three consecutive quarters from the first quarter (1Q) until 3Q this year. The RM700 million Kajang East will be launched in 1Q.

In 2Q, MKH plans to launch Hillpark Shah Alam, MKH Avenue 1 and Saville @ Kajang, with GDV of RM1.3 billion, RM158 million and RM285 million respectively.

The group plans to launch its RM173 million Hillpark Homes 3 in 3Q.

Its additional projects such as the RM200 million MKH Avenue 2 and RM280 million Saville @ Cheras will be launched in 2Q and 4Q respectively.

For its residential properties, prices start from RM290,000 and RM4.2 million for  commercial projects. However, prices of Saville @ Cheras and MKH Avenue II have yet to be announced.

This article first appeared in The Edge Financial Daily, on April 18, 2014.

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