KUALA LUMPUR: HIL Industries Bhd will launch several new residential projects in the Bukit Kemuning area in Shah Alam, Selangor this year.
First to be launched is a condominium development located next to Bukit Kemuning Golf & Country Resort. Called the Amverton Greens, the project comprises 280 units with built-ups ranging from 953 sq ft to 1,528 sq ft. There will be one 11-storey block and one 13-storey block that faces the golf course. Prices start from RM498,000 with a minimum of three bedrooms.
HIL Industries Bhd managing director and CEO Datuk Milton Ng said the project, with an estimated gross development value (GDV) of RM195 million, is set for launch at the end of this month.
Milton’s father Tan Sri Ng Thian Hock acquired HIL back in the 1980s. The listed company’s main business was in the plastic injection industry. The company later diversified into property development, focusing on affordable housing.
Amverton Greens will also feature a double-storey clubhouse on level four of its recreation podium. Its facilities include a 25m lap pool with an infinity pool effect, a maze garden, children’s playground and gymnasium.
According to Milton, the units have attracted enquiries from owner occupiers and those living in bungalows in the vicinity who are considering a move to condo living.
“There will also be nine units of shops at the ground floor, but we are not selling them. We want to bring in a set of services for the residents,” Milton added.
Another two projects by HIL in Bukit Kemuning is 108 @ Kemuning Hills and Quadz. The latter features 64 units of two-storey cluster semi-detached houses (there are only 30 units left for sale since its preview in 2H2016). The cluster semi-dees have built-ups of 2,300 sq ft, with prices starting from RM998,000.
108 @ Kemuning Hills comprises 108 units of terraced houses which will be launched by year-end. The units have built-ups from 1,470 sq ft to 1,730 sq ft, with prices starting from RM530,000.
“Terraced houses in this area [Bukit Kemuning] are in the RM700,000 to RM800,000 range. For the price we are offering, I believe they will be snapped up,” Milton noted.
Milton is also the executive director of A & M Realty Bhd, a listed property development company founded by his father focusing on high-end housing. Thian Hock is the chairman of both A & M Realty and HIL Industries.
MiltonA & M Realty is currently developing Amverton Links in Sungai Jati, Klang. “We are waiting for the completion of the clubhouse before we launch 155 units of terraced houses at the end of May. Built-ups for the units will range from 1,983 sq ft to 2,121 sq ft and our prices will start from RM689,000,” said Milton.
He added that security is one of the project’s main priority. “We will have our own A & M Realty auxiliary police. After passing through the main guard house, there will be another tier of security whereby residents will require access cards to activate the boom gate to enter into their respective precincts,” said Milton.
Milton shared that HIL Industries has recently acquired a piece of land next to Amverton Links to be injected into the development and the group is looking to build an additional 310 units of mostly terraced houses and a few units of semi-dees with built-ups ranging from 1,983 sq ft to 2,800 sq ft.
“I believe this is the first development in the area which carries this kind of lifestyle concept,” he added.
The entire GDV of Amverton Links is estimated to be at RM300 million.
At Carey Island, A & M Realty is set to launch its Homesteads @ Amverton Cove comprising 61 plots of agricultural land starting from 1 acre to 2.44 acres. Homebuyers will be allowed to build their homes on 20% of the size of each plot of land. Prices for the plots will range from RM45 psf to RM50 psf.
“The land has been zoned as residential, but we are maintaining the agriculture status. It is a gated-and-guarded bungalow development with all infrastructure provided,” Milton explained.
Over at Sungai Buloh, 66 units of semi-dees at the Amverton Hills project is also set for launch by the end of this month. These homes will have built-ups starting from 3,200 sq ft and priced from RM1.488 million.
A & M Realty also has a project in Mont’Kiara called Amverton Kiara @ Mont’ Kiara. The group is currently reconfiguring the unit sizes of the development as the initial plan was for big units with built-ups of 4,500 sq ft. “We are now reconfiguring the sizes to make them more affordable and enable easier home loan approvals,” said Milton.
“We are cautiously optimistic for both of our groups this year because we believe that it all comes down to location and pricing. We have a variety of projects situated at very good locations with varied price tags to cater to the needs of different segments of the market,” Milton concluded.
This story first appeared in TheEdgeProperty.com pullout on March 24, 2017. Download TheEdgeProperty.com pullout here for free.