Bukit Kiara Properties Sdn Bhd is planning to expand its brand of niche residential properties out of Mont'Kiara to other parts of Klang Valley.
The boutique developer is at an advanced stage of planning for two new projects in Jalan Tun Razak and Persiaran Madge in the Malaysian capital. One of the projects is set for launch in the third quarter of 2011, while the other is slated for launch next year.
The Persiaran Madge project will feature 19 residences on a five-storey block with a built-up area of 3,500 sq ft to 6,500 sq ft, priced from RM3.8 million or around RM3,500 psf.
Meanwhile, the Jalan Tun Razak project will comprise 160 fully-furnished service suites in a 20-storey block. The units will range from 750 sq ft to 3,000 sq ft, with prices starting from RM1.2 million or RM1,500 psf.
Aside from high-rise projects, Bukit Kiara Properties will also be seeking land of 50 to 100 acres to develop landed residences in gated communities, said Group Managing Director N.K. Tong.
“We may consider setting up joint ventures with landowners for such developments,” said Mr. Tong in an interview with StarBizWeek.
Since its foundation in 2000, the developer has completed two projects in Mont'Kiara – Aman Kiara and Hijauan Kiara.
Aman Kiara was the first project in Malaysia to feature condovillas and strata-titled bungalows. Completed in July 2004, it was handed over to buyers nine months ahead of schedule.
Hijauan Kiara, the company’s second project, was completed in 2008. It was the first condo project in Mont'Kiara to use a private lift lobby concept.
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