KUALA LUMPUR (April 21): With four decades of experience, Sabah-based contractor and property developer KTI Landmark Bhd is ready to embark on a new chapter by listing on the ACE Market of Bursa Securities.

Its founder, group managing director and CEO Gordon Loke and executive director Wilson Loke are all set to take the business to new heights through internal reinvestment and business diversification, while retaining the company’s mission to provide quality, affordable properties for more people.

The father and son duo do not equate affordable with low quality, as proven by the developer’s completed products. While KTI Landmark’s highest scoring products on the Industrialised Building System (IBS) came in 94% and 77% for the Quality Assessment System for Building Construction, they are mostly sold at 20% to 25% below average market price.

“There are a few reasons for that — we have our own construction team and IBS casting yards; our team is good at being efficient; and we plan and develop a new project as if it was our own house. We always think from the customer’s perspective,” says Gordon.

In the same issue, we covered the upcoming third phase launch of the 78-acre Laman Citra, located at Pekan Nanas, Johor in June. The new phase will comprise 332 houses with built-ups of 2,062 to 2,269 sq ft and selling at RM678,300 onwards.

We also have the first phase of IJM Land’s Ridge View @ Puchong, which has achieved a take-up rate of 65% since its launch on March 1. It features 35 units of two-storey linked villas with built-ups from 2,123 sq ft and selling from RM1.28 million.

The Klang Valley residential property market saw more completions, but slower transaction activities on a quarter-on-quarter basis in 4Q2023. However, Savills Malaysia director of research and consultancy Fong Kean Hwa expects that the market to gain momentum in 2024 upon further completions.

In this issue, we also carry a story on a four-bedder at Parvis being sold for a S$1.9 million (RM6.7 million) profit from our Singapore counterpart.

Read all this in the April 22 issue of The Edge Malaysia weekly.

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