KUALA LUMPUR (Oct 25): One-stop plastic solution provider and property developer HIL Industries Bhd is targeting to launch property developments with a gross development value (GDV) of RM275.7 million by the first quarter of next year (1Q2023).

Among projects it will be launching are 154 units of stratified double-storey terrace houses in Sungai Buloh and 141 units of stratified bungalows in Amverton Cove, Carey Island.

Meanwhile, the group is eyeing RM43 million sales from its Garden Homes at Amverton Links project in Klang. The latest offering in Amverton Links — which will be developed based on “build first, then sell” concept — received positive response from the public during the soft launch recently, amid improved sentiment in the property market.

Construction work for the Garden Homes townhouses project is on track for completion, with 50% of the works completed, HIL Industries managing director Datuk Milton Ng said in a statement on Tuesday (Oct 25).

“We are confident that the project will receive a good take-up rate from homebuyers, similar to our past projects in Amverton Link,” he added.

Occupying a 5.1-acre freehold parcel in Amverton Links, the gated-and guarded Garden Homes will comprise 100 units of townhouses. Selling prices start from RM470,000 and the units are expected to be completed in the fourth quarter of 2025.

Shares of HIL Industries closed six sen or 6.7% higher at 96 sen on Tuesday, valuing the group at RM320.68 million. It is currently trading at a historical price-to-earnings ratio of 9.52 times, while offering a dividend yield of 2.08%.