Its general manager Sip Mun Yee said, although still in the initial stages, the group is exploring ideas of creating either a shopping centre, F&B outlet or an IT hub for the project. “Along Jalan Kim Chuan, there are already many existing shoplots and we feel we need to come up with something unique and different in order to sell,” he told PropertyPlus.
Although there is plenty of commercial supply in the area, Sip believes there is strong residential support and catchment in the surrounding developments such as Pandamaran and Bandar Bukit Tinggi.
“Our project is going to be small, niche and specialised to cater to a specific market as we do not want to compete with other commercial developments in the area,” he said.
Instead of completely selling the whole project, the developer also plans to hold some units back for leasing. “As this is a themed development, we would need to maintain some stake in it and be selective with our buyers,” Sip said, adding that the project is targeted for launching by the end of next year with prices starting below RM200 psf.
The company was incorporated in 1995 by the same group of people behind Mahumas Sdn Bhd, a property development company with projects in Rawang.
Kombinasi Bijak’s maiden project in Klang is the 7.15-acre Bukit Kuda Heights, comprising nine units of 2 ½-storey terraces, eight units of 3-storey semi-detached houses, 32 units of 3-storey bungalows and 10 units of 3-storey shop offices. All have been sold except for five bungalow units. The leasehold development was recently completed and has a gross development value (GDV) of RM36 million.
Another project is 20 units of 2-storey shoplots in Batu Lima, Jalan Kapar. The units are expected to be ready by next year with a GDV of about RM80 million and are already sold out.
An artist's impression of Kombinasi Bijak's D'anjung Teluk Pulai development
The company’s latest project is D’Anjung Teluk Pulai, which offers terraced homes with a touch of luxury to first-time homebuyers and families looking to upgrade.
The 19.22-acre leasehold development comprises 66 units of 2-storey and 94 units of 2 ½-storey terraces that are priced between RM215,000 and RM463,000 each.
Its sales manager Maria Lim said although the units in the development are priced as such, there would be no compromise in the design and living space of the homes. “There are three contemporary designs to choose from with built-ups ranging from 1,732 sq ft to 2,650 sq ft,” she said.
She added that despite the similarity in prices with other terraced developments in Klang, the developer would be offering value-added finishes to the units in the project. “For a classier look, each unit comes with upgraded 16in by 16in floor tiles for the living, dining and bedrooms, while the bathrooms have ceiling-high wall tiles. In addition, the car porch has concrete imprints and is column-free for ease of parking,” she revealed.
Launched in October last year, more than 90% of the 2-storey terraced units have been sold. The developer recently launched 23 units of 2 ½-storey terraces, with six units taken up to date. The remaining 71 units are targeted for launching by the fourth quarter of next year.
Lim said the units are popular among young couples and growing families because of their affordability and the need for additional space. “We expect the value of the properties in D’Anjung Teluk Pulai to appreciate by about 20% upon completion,” she said. The asking price for terraced units in Bukit Kuda Heights, which were sold at a developer’s price of RM300,000, is now about RM360,000 to RM380,000.
The development is accessible via major highways including the NKVE, Kesas and Federal Highway. A KTM station is also within walking distance. The project is expected to be complete in December 2008 with a gross development value (GDV) of RM50 million.
Lim said the Klang property market is currently on the rise with many developments coming up and buyers becoming more discerning in their choice of properties.
“Unlike the bigger developers, our projects are strategically located within the town centre, which gives us a huge advantage as location is often a deciding factor for property buyers,” she said.
By theSun (by Yap Yew Jin)
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