MKH’s latest project Cherry III enjoys 85% take-up upon launch

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KAJANG: MKH Bhd’s latest township, [email protected] Alam North saw its Cherry III product achieve 85% take-up of the 236 units sold during the launch last week.

Cherry III are 2-storey link homes with built-up size of 20ft by 80ft, with prices starting from RM540,000 and carrying an estimated gross development value of RM116 million.

[email protected] Alam North is a RM1.3 billion township located on 550 acres (222ha) of leasehold land in Puncak Alam.

[email protected] Alam North is strategically located within the mature township of Puncak Alam, the Northern Corridor of Shah Alam, with easy access to six major highways such as Guthrie (Guthrie Corridor Highway), Latar (Kuala Lumpur-Kuala Selangor) Expressway, Sungai Buloh-Kuala Selangor Highway, NKVE (New Klang Valley Expressway) interchange, Puncak Alam Highway and the proposed Dash (Damansara–Shah Alam Elevated Expressway). It is just 25 minutes away from Shah Alam, Petaling Jaya and Kuala Lumpur, thus providing an opportunity for cross-selling and giving potential buyers alternatives,” said managing director Tan Sri Eddy Chen in a press release.

Other phases in the township have done well. For instance, its Pines (Phase 2) and Cherry I and II (Phase 6) were 100% sold, whereas its Olive (Phase 8) was 85% sold. These projects were launched between 2013 and 2014.

[email protected] Alam North features 50 acres of greenery for its residents to enjoy, not including neighbourhood parks which will be built in each percinct.

In conjunction with the Cherry III launch and Chinese New Year celebrations, Hillpark Avenue (Phase 11) was previewed. This phase comprises 2- and 3-storey shop offices in various sizes such as 20ft by 70ft, 22ft by 75ft, and 22ft by 80ft. The selling price starts from RM1.2 million. Hillpark Avenue received strong interest during the preview.

Other upcoming and exciting launches in this new eco-themed township this year include Meranti (Phase 3) featuring 2-storey link homes.

 

This article first appeared in The Edge Financial Daily, on March 6, 2015.