Steady take-up rate for project


  • Metro News
  • Friday, 13 Sep 2019

(From left) MRCB Land chief operating officers Derek Teh and Chin Chew Fun, Cheah, Jasmine, Jamaludin and Shamrat at the event in Shah Alam.

FOLLOWING its launch in May, MRCB Land’s Alstonia Hilltop Homes has seen encouraging response from buyers for properties within its low-density development project.

Described as “an oasis of both nature and urban offerings”, the 1.66ha freehold development is designed according to the natural contours of the area in Bukit Rahman Putra, Selangor.

Alstonia consists of two types of property – the three-storey, 24ft x 75ft superlink Garden Villas (31 units) and the 24-storey residential Garden Heights (214 units ranging from 1,000sq ft to 1,400sq ft).

MRCB Land chief executive officer Raymond Cheah said, “Alstonia’s take-up rate at 30% with a sales value of RM70mil within four months of launch indicates that it is on a positive track. We have set a sales target of RM100mil by year end for the development.”

Of the take-up rate, 70% was from the sales of the Garden Villas.

MRCB Land chief operating officer Chin Chew Fan explained that the positive results were due to the project’s value proposition to buyers.

“Alstonia is a strategically located, gated-and-guarded development accessible to multiple major highways,” he said.

“There are also MRT feeder buses to transport commuters to the nearby Sungai Buloh MRT station, which is approximately 10 minutes away. This service provides absolute convenience to residents.”

In conjunction with the Home Ownership Campaign, the developer is offering attractive sales packages for Alstonia until the end of December.

The project has a gross development value of approximately RM250mil and is expected to be completed in the third quarter of 2023.

Alongside the updates on Alstonia, the event also saw Yayasan MRCB receiving RM50,000 from Malaysia’s largest coin bank donation drive, initiated in July.

The foundation matched each ringgit collected from the public via the donation drive, which was organised in conjunction with MRCB Land’s Carnival Fun-Tasia appreciation event for customers.

There was also a 3.6m-high money box in the shape of an elephant which got into the Malaysia Book of Records as the country’s largest animal coin bank.

Yayasan MRCB was represented by its chairman Datin Jasmine Abdullah Heng and trustees Datuk Shamrat Sen Gupta and Jamaludin Zakaria.

Jasmine said, “We are truly grateful to those who have contributed to the coin bank donation drive, which will be used to help underprivileged children and unfortunate families from the B40 group, through Yayasan MRCB activities.

“As foundation trustees, we will do whatever we can to provide the opportunity to those in need, to achieve their full potential and improve their livelihood in the long term.”

She added that the funds would be used for the foundation’s empowerment programme for youths with learning disabilities. So far, Yayasan MRCB has helped boost the employability of 10 youths and is planning to adopt another 10 with the funds.

The foundation is organising a fundraising charity concert featuring Universal Music recording artiste Yannick Bovy on Oct 5 at Istana Budaya, Kuala Lumpur.

Shamrat said net proceeds from the concert would be channelled to implement activities for the needy and urban poor.


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MRCB Land , Alstonia Hilltop Homes

   

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