KUALA LUMPUR (Jan 17): MCT Bhd is eyeing a higher sales target of RM848 million for 2023 and aims to return to the black this year with more product launches.
In the press statement issued on Tuesday (Jan 17), MCT announced that the group has successfully launched four projects in 2022. “Though 2022 was a challenging year, we managed to launch four projects with a GDV (gross development value) of RM784 million. We managed to secure sales with a GDV of RM540 million, while delivering 1,364 units of properties to our purchasers,” said MCT CEO Teh Heng Chong.
Teh is confident that the positive momentum last year will continue in 2023, as the group has planned three launches with a total GDV of RM954 million across the Klang Valley.
“We are targeting to achieve RM848 million worth of sales for 2023, a 57% increase from what we achieved in 2022. In addition, we are looking to get back into the black in 2023, underpinned by our robust unbilled sales of RM720 million as at Dec 31, 2022 and contributions from our pipeline property launches,” Teh said.
The first launch of 2023 was Casa Embun — the first high-rise residential project in Cybersouth, which is an integrated township development launched by MCT in 2015.
Sitting on a 11.2-acre parcel right next to Cybersouth’s clubhouse, Casa Embun offers two blocks of high-rise serviced apartments totalling 987 units and 16 units of commercial units. The development carries a GDV of RM406 million, and unit selling prices start from RM286,800.
The serviced apartments come with three unit layouts ranging from 550 sq ft to 1,541 sq ft, all supported by family-friendly facilities such as a multipurpose pavilion for family gatherings with BBQ facilities and outdoor dining, a themed playground, a 25-metre swimming pool and children’s wading pool, a gymnasium overlooking the pool, sports facilities such as a futsal and badminton court, a 0.9km jogging path and EV charging facilities at the carpark.
Phase 1 of Casa Embun was opened for sale last weekend (Jan 14). Some 40% of the 482 serviced apartments units in the first phase have been taken-up and all 16 units of the commercial units are sold. Phase 2 is expected to be launched in 4Q2023.
According to the statement, the serviced apartments are oriented in a north-south direction to ensure the units are well-ventilated and remain cool throughout the year. It also comprises limited garden units, which are designed to bring the outdoors indoors and give owners direct access to their carpark, very much like a landed property, while enjoying the facilities and safety afforded by apartment living. Other equally unique features include hackable walls between the kitchen and yard, to take into account the ever-changing needs of growing families, it added.
“Casa Embun was built in accordance with MCT’s overall vision for Cybersouth, which was designed to be a township that will endure and bring value for future generations. We have expanded on innovations that were incorporated in the various phases of our developments in the Cybersouth township, and Casa Embun is primed to be the latest gem,” Teh said.
Since its launch in 2015, more than 1,700 residential units at Cybersouth have been sold. The township, which currently has a population of approximately 5,000 residents, saw the completion of the township’s central park in 2019 and its first commercial hub, Park Place I, in 2022.