IPOH-BASED Kinta Properties Group is upbeat over its projects in Perak and expects to net RM50mil sales from its Bandar Baru Sri Klebang alone this year.
Director Dr Tan Chin Yong said the 650-acre Bandar Baru Sri Klebang, with some 6,000 residential and commercial units upon completion, had been selling very well since its launch in 2000.
We'll be launching 24ft x 80ft super-link terraced houses priced from RM185,000 in this township next month, he told StarBiz.
He said the price of a double-storey bungalow with 2,500 sq ft built-up area was priced from only RM250,000 initially. The current double-storey bungalow with 3,000 sq ft built-up area and 8,000 sq ft land is priced from RM350,000.
He said despite the higher price, it was still below that of similar bungalows in Ipoh town.
Its high-end Meru Valley Resort with a 27-hole golf course has also been well received. About 200 units of condominiums priced between RM150,000 and RM200,000, launched two years ago in the resort, were 60% to 70% sold.
A row of link houses facing a lake in the resort was sold out within three weeks of launch last year, he said, adding that semi-detached houses would be launched on the other side of the lake. The bungalows here are priced from RM800,000 to RM1.5mil.
Meanwhile, its subsidiary Kinta Properties Sdn Bhd is involved in the development of a new project called Halaman Meru Impian in the 1,080-acre Bandar Meru Raya.
Halaman Meru Impian, consisting of 222 units of 20ft x 70ft double-storey terraced homes, is part of Bandar Meru Raya - a project undertaken by Perak Development Corp.
Bandar Baru Meru has been tagged as Ipoh's Cybercity and is modelled after Putrajaya. A new bus terminal, a motorcycle factory, water theme park and key government offices are expected to be built in the vicinity over the next few years.
There is much potential in the Meru Raya address in view of the area's rapid growth and the many government and private projects around this area.
The location is also very accessible as it is just off the North-South Expressway, said Tan, adding that the township also boasts of a scenic environment, as it is adjacent to the magnificient Kledang Saiong mountain range.
Tan felt the time was right to launch Halaman Meru Impian as the locals were getting more confident of the area.
He said the project would attract the 30 to 50 age groups, newly married couples and those wanting to upgrade to a new terraced house. It is located off the Jelapang toll plaza.
Phase 1, consisting of 104 units priced from RM133,800 to RM173,110, would be launched on Sept 5.
During soft launch from Aug 1 to Sept 5, early bird buyers would be entitled to a RM3,000 cash rebate on the first 10% down payment and free legal fees.
Tan said the 20ft x 70ft two-storey freehold terraced houses would have a 1,640 sq ft built-up area for the intermediate units and 1,900 sq ft for corner units. It will have four bedrooms and three bathrooms. The units had been priced below Ipoh's average to enable buyers to enjoy capital appreciation.
The group has a proven record in the Kinta Valley. Its projects include First Garden, Taman Perpaduan Jaya and Club condominium in Ipoh town.