Kinta Properties targets RM90mil sales from Sri Klebang project


  • Business
  • Thursday, 06 Oct 2005

KINTA Properties Group is targeting total sales value of RM90mil from the latest phase of its Bandar Baru Sri Klebang project. 

The fourth quarter of this year will see the launch of 350 luxury bungalows, link bungalows and terraced houses under phase 2 of the billion-ringgit fully-integrated township. 

Chief executive officer Dr Tan Chin Yong is confident that the latest offerings will get very encouraging response.  

“Prior to the launch, more than 50% of our 61 luxury bungalows had already been booked,” he said, referring to “The Grand Retreats” with price tags ranging from RM368,800 to RM555,800. 

“Built on 8,000-sq ft land with 2,914 to 5,033 sq ft built-up area, there is hardly any others to match the size with its price,” he added. 

Also to be launched at the 4-acre “One-Stop Show Village” on the site of the township on Oct 16 are two-storey link bungalows priced from RM288,800, two-storey superlink homes (from RM208,800), two-storey super-sized homes (from RM185,800) and two-storey terraced homes (from RM149,900). 

The luxury and link bungalows will be a gated community.  

To date, developer AMZ Corp Sdn Bhd has successfully sold 832 of its 838 homes built since development of the township started in January 2002, achieving total sales revenue of RM166mil. 

Its 118 shop lots were sold out within a month of the launch.  

Sitting on a former rubber estate land of 650 acres, Bandar Baru Sri Klebang is one of the fastest growing fully-integrated townships in Ipoh’s northern development corridor. 

“We expect the entire township to come up in the next 8 to 10 years, by which time it will have a population of 50,000 in 10,000 homes,” Tan said. 

The township, Tan said, would have a public driving range and community clubhouse encompassing 13 acres. 

“We have donated 13 acres to SJK (C) and SMK Poi Lam which are applying to the Education Ministry to move to the site,” he said. 

Work on the clubhouse, for use by residents and their guests on a pay-per-use basis, will commence next year for completion in 2007.  

On the RM40mil Golf Vista Resort Homes condominium project in the Meru Valley Resort in Jelapang, Tan said developer Meru Vista Sdn Bhd had received vacant possession early last month, and was presently handing over keys to buyers.  

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