DNR: MKH to gain from MRT project

Mass appeal: Chen posing with a model of the company’s property development project in Kajang

MKH Bhd (formerly Metro Kajang Holdings Bhd) will derive considerable leverage from the mass rapid transit (MRT) line which runs close to its property developments and the two MRT stations that will be coming up in Kajang.

MKH is expected to gain from the MRT project given their strategic landbank of 500 acres to 600 acres in Kajang and Semenyih, excluding the 550 acres turnkey project in Puncak Alam, Selangor.

The company is planning to launch properties with an estimated gross development value of more than RM5bil over the next seven years in Kajang and Semenyih, including its Puncak Alam RM135mil turnkey project from Puncak Alam Resources Sdn Bhd. They are targeting to launch their Puncak Alam’s mixed development which will include affordable housing by year-end or early next year. The group managing director Datuk Eddy Chen Lok Loi said that the year 2017 will be significant as our Puncak Alam project will be completed and the MRT line in Kajang will be up and running thus enhancing the value of our residential and commercial developments.     

Despite competition heating up with the entrance of new and bigger players in Kajang and Semenyih like SP Setia Bhd, Mah Sing Group Bhd and Sunway Group, Chen said MKH’s cutting edge would be its land cost, which was considerably lower than its competitors and its reputation on a home turf.