Kenwingston Platz achieves 75% take-up rate

This article first appeared in City & Country, The Edge Malaysia Weekly, on May 18, 2020 - May 24, 2020.

Lam says the development’s main draws are its main-road frontage and proximity to various amenities. Photo by Kenny Yap/The Edge

An artist’s impression of Kenwingston Platz. Photo by Kenwingston

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Kenwingston Platz, a serviced apartment development in Jalan Gombak, Kuala Lumpur, has achieved a take-up rate of 75% since its launch last February. About 65% of the buyers are ­owner-occupiers while the rest are investors, says group managing director Datuk Lovis Lam Kong Tang of the developer, Kenwingston Sdn Bhd.

The project, which spans 2.65 acres, has a gross development value (GDV) of RM467 million.

Kenwingston Platz — “platz” is German for “place” — will have 849 units in three towers as well as six 2-storey shoplots. Tower A will have eight units per floor while the other towers will have seven. The units will come in six layouts, with sizes ranging from 650 to 1,010 sq ft, and  ­dual-key units, with prices ranging from RM550 to RM600 psf.

“The attraction of this development is its main-road frontage, and it is surrounded by various amenities such as shopping malls, hospitals and educational institutions. It is just 500m from DUKE 2 (Duta-Ulu Kelang Expressway Phase 2) and a 10-minute drive to KLCC,” Lam tells City & Country.

“Also, the units will be fully furnished. Compared with the prices buyers are paying and the product quality [of similar homes], our development is considered reasonably priced. Our after-sales service is good and all our developments have been delivered ahead of schedule so far,” he adds.

Lam says construction of Kenwingston Platz is being undertaken by its in-house construction division, which has an 80% score in the Quality Assessment System in Construction, or QLASSIC.

Facilities at the serviced apartments will include a jogging trail, swimming pool, Jacuzzi, infinity pool, wading pool, half basketball court, squash court and lawn.

Lam says the contractor-turned-developer has focused on providing practical solutions in the units. For example, instead of placing the air-conditioner compressors in the balcony where the hot air released will increase the temperature in the unit, Kenwingston will put them on the façade instead.

Incorporated in 2010 by a group of property professionals, Kenwingston started off with two divisions — engineering and construction, and machinery. It made its maiden foray into property development in 2015, building semi-detached houses and bungalows in Pulau Indah and link houses in Salak Tinggi, both in Selangor.

A year later, it started its hospitality business and launched its third project — Kenwingston Square Garden in Cyberjaya. Following positive response, the company transformed itself into a full-fledged property developer, supported by its in-house construction arm.

The developer subsequently launched Kenwingston Sky Lofts in Subang Jaya (GDV of RM185 million) and Kenwingston Avenue in Sungai Besi (GDV of RM345 million) in 2018. These two projects are fully sold.