MELBOURNE: Adelene Teh, a second-generation Malaysian property developer, is quickly making her mark in the competitive property development market here.
Teh, 27, co-founder of Beulah International, strides proudly in the footsteps of her father, Datuk Teh Kean Ming, chief executive officer/managing director of IJM Corp Bhd, who has been in the construction and property development industry for over 35 years.
Teh, a graduate from the University of Melbourne with a Master’s degree in architecture, was born and raised in Malaysia.
“I fondly remember my father taking me for walk-throughs on project sites and explaining the details. I am proud of what he was doing,” he told Bernama.
She attributed much of her own interest in property sector to her father, whose dedication and passion have influenced her career path.
Teh has collaborated with internationally-renowned global architects, Woods Bagot and multi-award winning landscape architect, Jack Merlo, to offer sophisticated first-class lifestyle in her new project, Gardenhill.
The A$76.5mil 11-storey, 136-unit apartment project offers luxury living in Doncaster, a prestigious eastern suburb here.
The prices range from A$360,000 to A$405,000 for one-bedroom units while two-bedroom units range from A$490,000 to A$745,000.
The estimated yields are between 4% and 6%.
In a recently-published article in The Age newspaper, Andrew Leoncelli, managing director of CBRE Residential Projects, said the location, perched high above Doncaster Hill and just 15km to Melbourne CBD, is a huge draw.
“Being high on the hill means amazing city and park views, while being directly adjacent to such a good shopping centre, with a host of luxury brands makes it an excellent prospect in real estate terms,” Leoncelli said.
Together with her partner, Jiaheng Chan, co-founder of Beulah International, they are the driving force behind the success of Gardenhill.
Malaysians will have the opportunity to attend and select the units at the KL Westin preview this weekend before the public Melbourne launch.
With already 30% of the units sold and scores of registrations before the public launch, Gardenhill is set to be a resounding success.
Like her family heritage, Teh’s property development skills have been well honed. — Bernama
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