YEE Seng Heights Sdn Bhd, which is developing Bukit Gita Bayu (the sprawling 120-acre gated community development in Seri Kembangan, Selangor), aims to build more award-winning residential developments in the Klang Valley.
We are on the lookout to expand our land bank, and being part of The Ayer Hitam Planting Syndicate Bhd, we also have access to some good land bank which can be used for development purposes, general manager Liew Tze Yong told StarBiz.
Liew said the company's next project, to be of the same size or double that of Bukit Gita Bayu, would be another back-to-nature gated development with a rich backdrop of flora and fauna.
Our aim is to build high quality residential enclaves for those who appreciate the natural environment and healthy living away from the hustle and bustle of the city.
We want to be a role model and leader in this sector of the market and ensure our buyers get to stay in a nice home and relaxing environment.
Yee Seng would also kick off its build-and-sell strategy in its next development, as it would show the company as being committed to offer quality products and being a serious, long-term developer.
Bukit Gita Bayu, the company's maiden foray into high-end residential development, has become a showpiece of living green homestead enclave in the Klang Valley.
Winner of the FIABCI Property Award under the residential development category on Oct 3, the RM400mil freehold project is earmarked for completion in 2009.
Liew said the award confirmed Bukit Gita Bayu as a premier residential development within a back-to-nature resort environment.
One main attraction is its RM13.5mil pavilion-styled clubhouse built alongside a lakeside park set within the heart of the development.
The work of the renowned Lek Bunnag of Bunnag Architects, it was designed to maximise retention of existing trees and minimise change in the existing terrain.
Liew said a natural spa of up to 30 room spas, costing some RM5mil, would be built near the clubhouse, to be completed next year.
We have retained at least 3,000 trees within the clubhouse area and adjacent park peripheral alone.
Since its launch in 1997, sales have reached RM120mil, including 202 bungalow lots, 100 town villas and 23 garden villas.
Buyers have reported good appreciation of their property value. The bungalow lots of 6,900 sq ft to 15,000 sq ft, priced RM35 to RM45 psf at their launch, now cost around RM85 and RM94 psf, he said.
The town villas of 1,250 sq ft to 1,800 sq ft were priced at RM255,000 to RM360,000 and the 3,300 sq ft garden villas were from RM980,000 to RM1.78mil.
Slated for launch by October next year is the four-storey Hill Villa enclave of 60 units of 2,300 sq ft to 3,000 sq ft strata-titled bungalow and apartment priced from RM550,000 to RM780,000.
For those who appreciate the luxury of having their own pools within their own compound, they can opt for the 44 units of exclusive Peak Villa of 4,000 sq ft to 8,800 sq ft at RM3mil to RM5.5mil each.
Liew said to be launched in 2005, the project replicated the luxury of the Regent Chiengmai, Thailand, and would be ready around 2007. Instead of selling the remaining 42 bungalow lots, the developer would build the bungalows in phases.
We will price the bungalows, which have land area of some 10,000 sq ft and built-up of 5,000 to 6,000 sq ft, at around RM3mil.
He said a shop village, with 50 units of 200 to 300 sq ft shop lot located just outside the gated community, had also been planned.