HCK Capital Group is poised to unveil nine integrated projects with a gross development value (GDV) of RM8 billion over the next three years, according to its Group Executive Director Clifford Hii.
These consist of residential and commercial developments in Mount Kiara North at Kuala Lumpur and Matang in Kuching, as well as in Cyberjaya, Semenyih, Setia Alam and Sungai Buloh. There will also be industrial projects in Muara Tebas, Kuching.
“These projects are expected to boost HCK Capital’s reputation and ambition to become a bigger player in the real estate industry,” Clifford said in an interview with Bernama.
Meanwhile, the CEO of the group’s property division, Foong Peng Yew, revealed that the construction of its 4.8ha H Educity@Setia Alam project is on track. The RM1.3 billion development would comprise 1,783 units of serviced suites and apartments, 44 shoplots and an Australian-based co-educational school.
The Peninsula School will offer a ‘Victorian Certificate of Education’, a university entrance qualification recognised by tertiary institutions across the globe.
H Educity’s education component and its commercial component, V-Sentral Hub, will be launched in Q4 2016, with completion targeted by end-2017. “The residential units will be ready shortly after, starting with suites to cater largely to boarding students and their parents,” he said.
“We want to push the envelope of integrated development with its ‘stay, shop and study’ concept. The institutional aspect of an ‘Educity’ remains a key driver of the township.”
Foong is also confident that the project will attract a good number of buyers due to its proximity to present and upcoming projects, like the light rail transit project, National Institute of Health and Setia City.
Meanwhile, HCK Capital has earmarked several locations for future projects with an education component, including Cyberjaya, Semenyih, Tebrau at Johor and Ipoh.
“Our immediate focus will be in Cyberjaya followed by Tebrau and Semenyih,” he said, adding that it had teamed up with the University College of Medical Science for these developments.
At present, the firm has a total landbank of more than 80.94 hectares.
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
