Kenwingston Announces Next Project Kenwingston Platz on Jalan Gombak

Kenwingston Platz Property is celebrating its one year anniversary and reveals some of its big wins and challenges it faced getting this far. More information on the business can be found at https://kenwingstonplatzgombak.com

Kuala Lumpur, Malaysia - March 11, 2020 /PressCable/ —

On Nov 2, Kenwingston is going to preview its next project — the RM467 million Kenwingston Platz on Jalan Gombak — which Lam believes will sell out within a short period. “Platz” is the German word for place.

The 2.65-acre development boasts 849 apartments in three towers as well as six 2-storey shoplots. The shoplots are catered for its business associates.

Tower A will have eight units per floor while the other towers will have seven units per floor. The units come in six layouts, with sizes ranging from 650 to 1,010 sq ft. There are also dual-key units. These units will be priced from RM550 to just below RM600 psf.

Lam says a fully furnished option, which includes furniture, lighting, curtains and electrical appliances, is available. The project is targeted at owner-occupiers and investors.

“I am equally confident that this project will be fully sold based on the four key elements. Also, it is the first project in that area to introduce a two-floor facility space, which is Level 10 and a rooftop that offers a 360° view,” he adds.

“We can afford to sell our units at an affordable price because of our construction background … Our construction division undertakes all of our developments, so issues like quality, cost, completion date and safety are all taken care of inhouse. There will be a lot of factors that are beyond our control if we engage a third party for our construction work.”

The facilities at Kenwingston Platz include a jogging trail, swimming pool, Jacuzzi, infinity pool, wading pool, half basketball court, squash court and a lawn.

Lam says there is a “three-tier pricing”, wherethe 1,010 sq ft units are priced below RM600,000; 808 sq ft units will be below RM500,000; while the price of the 650 sq ft unit will be below RM400,000. He believes a development will receive a good response when the developer offers a product that the market needs in a good location.

Also, Kenwingston focuses on the practicality of the units. For example, instead of putting the air-conditioner compressors in the balcony where the hot air will increase the temperature, the developer places them on the façade.

“The product and pricing are firmed up after market research on our side, the professional data firm and the agency. We take these three reports, make comparisons and decide which of the products are suitable,” he says.

“The major challenge is government policy … We hope the loan approval process can be improved and the OPR (overnight policy rate) can be reduced.”

With its projects scattered all in the Klang Valley, Kenwingston hopes to explore more opportunities outside the region — as long as they fulfil the four key elements.

https://www.theedgemarkets.com/article/kenwingston-focuses-four-key-elements

Contact Info:
Name: Joseph
Email: Send Email
Organization: Kenwingston Platz
Address: 68 Jalan Taman Ibu Kota, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur 53300, Malaysia
Phone: +60-16-673-2514
Website: https://kenwingstonplatzgombak.com

Source: PressCable

Release ID: 88949409