This article first appeared in City & Country, The Edge Malaysia Weekly on November 21, 2022 - November 27, 2022
MKH Bhd unveiled its Precinct 3 products — 2-storey terraced houses — in its integrated township development Kajang 2 last September. The township spans 530 acres and has an estimated gross development value (GDV) of RM5.7 billion.
Precinct 3 has a GDV of RM593 million, sits on 80.35 acres of freehold land and will have 276 homes once it is completed in 2024. The houses are 20ft by 70ft and 20ft by 80ft with 4-bedrooms/3-bathrooms and built-ups ranging from 1,625 to 1,805 sq ft.
The houses will be developed in three phases. Phase 1 and 2 are called Akina because they are adjacent to each other. Phase 3 is called Annya because it is on a separate tract, but close to the other two.
Phase 1 Akina’s 276 units were fully taken up several weeks after the soft launch while Phase 2 Akina with 171 units is open for registration with an indicative selling price of RM540 psf. Phase 3 Annya, also with 171 units, will be launched in mid-2023. The homes have individual titles, which is what the market in that area wants, says MKH Bhd deputy property director Datuk Kenneth Chen. “The target market is people looking for a low-density haven for families, upgraders to a landed house and those looking for serenity within a development yet with easy access to Greater Kuala Lumpur.”
The name Akina in Japanese means “Flower of Spring” and the precinct continues the Japanese-inspired themes and elements adopted in Kajang 2’s Precinct 1 and Precinct 2.
Chen points out that the unique features of the project are not so much the houses as the outdoors. “The unique selling point of this project is [it allows for] harmonious living amid nature, yet in close proximity to Bandar Teknologi Kajang, Kajang town and the future Kajang 2 commercial hub.”
There will be a central green space called Akina Park, designed to promote and encourage a healthy and fun lifestyle. The park will feature outdoor facilities such as a 550m jogging and cycling track, an inner jogging and walking path, a basketball court, a mini-football field, an island gym and a playground.
As the maintenance of the common facilities will be handled by the local authorities at a later date, all the plants and greenery are selected according to the guidelines set by the local authorities, says Chen.
He adds that once the residents’ association has been formed, then the service charge for security can be determined. The guardhouse will then be built by the developer.
While the market in general has been battered by various challenges, Chen is optimistic that the homes that MKH is offering will do well. “While some property developments have faced a slowdown, especially serviced apartments, landed houses have remained in strong demand.
“This is one of the last landed house developments around that area and in Kajang 2. In the future, the rest will be mid-to high-rise projects. It will not be easy to find landed properties in the area.”
There are numerous amenities available within a 15km radius of Kajang 2, such as educational institutions, public transport, medical centres and supermarkets.
Nearby educational institutions include Rafflesia International and Private Schools Kajang 2, SJK(C) Bandar Kajang 2, German Malaysia Institute, Nottingham University and Tenaga Nasional University.
Public transport includes KTM Kajang 2 Station, KTM-MRT Kajang Station, MRT Kajang Stadium Station, MRT Sungai Jernih Station and Kajang Bus Terminal.
Medical centres include Kajang Hospital, Kajang Plaza Medical Centre, KPJ Kajang Specialist Hospital and Serdang Hospital.
Retail and grocery stores include IOI City Mall, Econsave, MYDIN Hypermarket, Billion Shopping Centre, Eco-Shop, Plaza Metro Kajang and Metro Point Complex.
Access to Kajang 2 is via the Lekas and SILK highways, which Chen says are the nearest ones to the township, along with the PLUS highway, the Cheras-Kajang Highway and the Persiaran Bangi flyover.
Regarding the market outlook, Chen says, “The market is still soft. We have to be very careful with the product, the launch and the location. Purchasers are also sensitive to the price. If the price is a bit higher than the surroundings, it gets difficult to sell.”
As for future plans, Chen says MKH will be focusing its attention on Kajang 2, as there is potential to develop commercial and retail properties in the area. He hopes medical and educational facilities will also be part of the township, but these are still under consideration.
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