PROPERTY developer Bukit Hitam Development Sdn Bhd (BHDSB), a member of TAHPS Group Berhad, is remastering its future development plans for the last 202.3ha of a land bank in Bukit Puchong.
According to BHDSB, Bukit Puchong was once a rubber estate and tin-mining town, and was developed into a growing integrated township in the early 1990s.
Today, the Bukit Puchong township sprawls across 522ha of freehold land comprising a well-balanced mix of residential, commercial and industrial components, with a population of 25,000.
“Realising the millennial generation as emerging potential property buyers, we are taking the initiative to focus on this target group for our upcoming plan.
“In addition, we will take into consideration the current residents who have been residing in Bukit Puchong from 10 to 20 years, by adding on more value to the township,” said Bukit Hitam Development Sdn Bhd general manager Wong Chiew Meng, adding that the township’s population was expected to increase to 60,000 in five years.
Out of the 202.3ha of available land bank, 121.4ha will make way for residential components while 80.9ha will be allocated for commercial properties.
The remastered plan will be rolled out in six to eight month’s time, with Andira Link Villa being the first to launch in 2017.
To be built across a 3.4ha-land, the project features a gated and guarded community within Andira Park, consisting of 140 exclusive units of villa with built-up areas ranging from 1,688sq ft to 2,886sq ft.
“With a gross development value of RM100mil, the project is set to be a low density residential area, ideal for those looking for exclusive living or upgrading from a high-rise property,” he said, adding that a well-planned landscape would be surrounding the development.
The next project to follow is a 36-storey serviced apartment on a 0.8ha land, comprising 347 units with dual-key features.
Targeted to launch in 2018, the project will be strategically located next to Bukit Puchong Tesco Hypermarket.
“Bukit Puchong is moving towards being a self-sufficient township.
“More amenities and infrastructure will be developed in phases 10 years down the road, based on the market sentiment,” said Wong.
He added that connectivity to the township would also be improved to avoid traffic congestion.
Other upcoming amenities within the vicinity include a 4ha Central Park, sports complex, new retail concept for the commercial areas, banks, schools and universities.
“As a developer, we are dedicated to offer products that are easy to own in terms of affordability without compromising space and quality.
“The management is positioning the products in a more affordable price bracket with practical concepts and designs.
“Instead of focusing on just profit-making, we aim to add long-term value to the entire township for both new purchasers and existing customers,” said Wong.
The company is benchmarking the township against some of the successful local and international development.
According to Wong, 40% of the customers are repeat buyers, which proves the high level of customer satisfaction, not only in terms of quality and credibility, but also capital appreciation.
“Capital appreciation for Park Villa townhouses launched in 2008 at RM218,000 is now valued at RM650,000, with about 200% appreciation,” he explained.
Current projects within Bukit Puchong includes Foreston, a luxury development that consists of 20 semi-detached houses, 20 link bungalows and six bungalows, all completed and the units are in the midst of handover to homeowners.
Epic Suites, a two-block 21-storey serviced apartment project, is at 80% construction stage and set to handover by first quarter of 2017, which is ahead of the initial completion schedule.
Potential homeowners and investors can also look out for Epic Suites’ final phase, which features 24 limited units of premium serviced apartments ranging from 1,800sq ft to 2,400sq ft, set to launch within the next two months.
Phase three of BP Newtown commercial area, also the final phase, will be launched in June this year.
“The 54 units, with built-up areas of 5,256sq ft for intermediate and 12,631sq ft for corner lots, would be the last phase of shopoffices within the Bandar Puchong township,” Wong said.
“We want to develop an ideal neighbourhood that caters to all. We put a lot of thought into one project rather than creating mass products.
“Each year, at least one project is rolled out to ensure the company’s presence in the market,” concluded Wong.
News Source: The Star