Aset Karyamas says take-up rate of The Henge remains robust
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KUALA LUMPUR (April 4): Property developer Aset Kayamas Sdn Bhd is optimistic that the take-up rate of the second phase of its The Henge residential development here in Kepong will remain robust despite the meltdown of the domestic property market.
"Since the project was opened for pre-registration in mid-March, we have received more than 1,100 applications thus far," Aset Kayamas managing director Tan Sri Chai Kin Kong told a press conference today.
"We are confident to sell all the units within one week after the launches," he said, underpinned by the competitive pricing the group is offering and the overwhelming response from house buyers towards the first phase of the project.
The group has completely sold out the 736 units in the first phase within the first two days of its launch.
The Henge is 2.8km away from the Kepong KTM station and a stone's throw away from the proposed MRT2 station — Metro Prima Station (850m away).
It is also connected via the Middle Ring Road 2 (MRR2), Jalan Kuching, Jalan Ipoh and Lebuhraya Damansara-Puchong Expressway (LDP).
Chai said the second phase of The Henge is a 41-storey condominium with a total of 736 units. Each has a built-up area of 1,100 sq ft with the prices of units from RM530,000 or approximately RM430 per sq ft.
The second phase will be officially launched on this coming weekend (April 9 and 10) at its sales gallery, says Chai.
In conjunction with the second phase launches, Chai said the group has also spend a total of RM10 million to build a new sales gallery.
Today, Chai also announced that the group has secured a total of RM629 million worth of financial facilities from Malayan Banking Bhd (Maybank), which demonstrated the bank's confidence towards its residential project.
Chai said the loans comprised RM229 million bridging loans and end financing of RM400 million.
Sinerjuta Sdn Bhd, an associate company of Aset Karyamas, represented by Chai had inked the financing agreement with Maybank head of community financial services Datuk Hamirullah Boorhan for the financing facility.
Aset Kayamas was established in 2013. Its maiden project was a high-rise, high-density project named Parkhill Residence in Bukit Jalil, launched in the second half of 2014.

Today new at The Edge Dailly Press

Now we now this Aset Kayamas is belong to Tan Sri Chai, also majority shareholder of Sanbumi Bhd listed at Bursa Malaysia & came from Sabah

So far I study his news, his son Eddie Chai very close to Datuk Raymond Chan (Ex boss of Harvest Court & 1 Borneo), Datuk Kenneth Vun (Ex boss of Ftec Resources Bhd) & son of PM

This post has been edited by DisneyHome: Apr 5 2016, 05:43 PM