A&M Realty Bhd aims to rake in RM70mil from the sale of some 200 units of double-storey, semi-detached houses in Kemuning Greenhills, its new mixed-residential project in Shah Alam, said its general manager Steven Ng.
It will be having a pre-launch of the first phase, consisting of 26 units, tomorrow. Each unit, with built-up of 2,000 sq ft, will be sold at the promotional price of RM369,000.
We believe in providing quality affordable homes to our purchasers, Ng said in an interview with StarBiz, adding that the price is very reasonable for a freehold property located between the established neighbourhoods of Kota Kemuning and Bukit Rimau.
We are very confident of the project as it is in a well planned area, and are targeting to sell all the 200 odd units by the first half of the year, he said, adding that the company will subsequently offer a mix of bungalow lots, townhouses and terrace houses.
Each double-storey, semi-detached unit will have, on the ground floor, living, dining and kitchen areas as well as a bedroom and bathroom; and on the first floor, three bedrooms, two bathrooms and a family hall.
The units come in two designs: Windsor and Palace. Windsor is inspired by the beauty and splendour of the old English style, but with modern characteristics. The Palace design, with its colonial-like structure, has a Spanish look and is aimed at radiating a feeling of grandness.
Kemuning Greenhills, developed by A&M Realty subsidiary AMJ Construction Sdn Bhd, is surrounded by four schools, including an international school. There are two golf courses in the vicinity, including the Bukit Kemuning Golf & Country Resort which is owned by the company.
The area also has easy access to USJ, Subang, Shah Alam, Klang and Kuala Lumpur via the Kesas Highway and Federal Highway.
On the outlook of the property market, Ng remains optimistic. He said the outlook is very positive for 2003 with the forecast of good growth expectations for the economy.
Although people are scared to commit, the property market is still one of the safest markets to go into, unlike the KLSE with its many fluctuations. Moreover, properties in general, especially landed and freehold, tend to appreciate in the long run and are good investments, he said, adding that the company's main focus for the year would be on the property sector.
Other projects in the pipeline for the company include the Puteri Business Point shop houses in Klang.
A&M Realty is also the developer of Impian Sentosa in Klang and Puteri Subang in Sungai Buloh. The double-storey terrace houses in Puteri Subang, launched in July last year, is 80% sold.