PRESS RELEASE: BOUSTEAD PROPERTIES’ BALAU HOMES PHASES 1A1 AND 1A2 IN NEW SMART TOWNSHIP MUTIARA HILLS SUCCESSFULLY HIT 90% & 80% TAKE-UP RATES
PETALING JAYA, 25 February, 2022 – Award-winning master developer Boustead Properties Berhad’s (Boustead Properties) Balau Homes in its smart township development Mutiara Hills in Semenyih became a hit with 90% take-up rate for its Phase 1A1 and 80% for Phase 1A2. Phase 1A1 was launched during the second quarter of last year, while Phase 1A2 was soft-launched in January 2022.
Balau Homes comprising a total of 230 units of landed residential property is located in the Northern Precinct of Mutiara Hills. Phase 1A1 comprises 74 double-storey linked units and is targeted for completion in 2023, while the 66 units in Phase 1A2 are targeted for completion in 2024. With six phases in total, Balau Homes has a gross development value of RM220 million.
Boustead Properties Berhad Chief Operating Officer Eason Phan elaborated: “Mutiara Hills is the ultimate goal in smart township master planning and is perhaps one of Boustead Properties’ most comprehensive undertakings thus far in bringing to life our vision to reimagine township planning and real estate development.
“It is an evolving liveable masterpiece creatively crafted through inspiration from respecting nature, promoting mobility, and nurturing community engagement. An extensive group of diverse stakeholders, ranging from local and international practitioners and governmental agencies to homeowners have been involved in this meaningful project.
“We are building sustainable spaces as homes by contributing to the larger context that promotes the continued growth of every component of an integrated liveable township. We see Semenyih developing over time in a similar way as Mutiara Damansara and Mutiara Rini, evolving from neighbourhoods to become thriving, sustainable suburban cities. We are also utilising the most relevant features and technologies to cultivate an ecosystem that allows us to create value for all our stakeholders. These eco-friendly aspects are standard features in Balau Homes.
“At prices starting from RM469,650, the built-up area of Balau Homes Phase 1A1 ranges from 1,512 sq. ft to 2,158 sq., this ‘once-in-a-lifetime’ entry level pricing provides first-time home buyers with options in selecting homes to suit a wide range of needs and preferences. Qualified purchasers can also opt for attractive financing support from major financial institutions,” he said.
Located closer to the scenic man-made lake in the township, Phase 1A2’s double-storey linked houses see a starting price of RM481,275. The latest phase in Balau Homes features the same spacious, minimalist modern design and layout options as the earlier Phase 1A1 that homebuyers loved.
According to Eason, Balau Homes’ price point hits the sweet spot given the spaciousness and affordability of the homes. “We have focused our efforts on designing homes that are attainable and we take pride in delivering value and quality to discerning homeowners who know what to expect when it comes to a Boustead Properties home,” he added.
Set against the scenic backdrop of Titiwangsa Range and Broga Hill, Mutiara Hills is approximately 40 minutes away from both the Kuala Lumpur City Centre (KLCC) and Kuala Lumpur International Airport (KLIA). It is a stone’s throw away from the mature town centre of EcoHills and is adjacent to the prestigious University of Nottingham, UK (Malaysia Campus) and other educational institutions like Tenby International School and Kolej Tuanku Jaafar.
Mutiara Hills will also be a testament to how Boustead Properties implements ESG (environment, social and governance) principles in creating a sustainable real estate development. The township received its provisional GreenRE certification in 2021 and will continue to explore and harness various sources of renewable energy to achieve a near zero carbon development, with smart mobility, efficient water management system and other environment-friendly features to promote liveability.
There will be significant emphasis on positive social impact elements such as public spaces, offices, educational and medical support facilities to enable communities to thrive, while the company upholds good governance practices. Additionally, Boustead Properties will ensure its township meets the 17 elements of United Nations Sustainable Development Goals (UNSDG).
The township is easily accessible via LEKAS, Cheras-Kajang Highway, and Sungai Besi Expressway which provides direct free flow traffic expressways to thriving towns like Kajang, Bangi, Putrajaya, Cyberjaya, Seri Kembangan, Bukit Jalil, and Puchong.
Boustead Properties recently introduced a revitalised corporate identity that will see the developer moving forward with a new vision, ‘Creating Smart Spaces Now’ and tagline ‘Spaces, Inspired.’ The ongoing reinvention journey is expected to cushion the impact of the pandemic through innovation and technology, to improve performance and fulfil the ever-evolving needs of the real estate industry.
— End —
Property News Malaysia? Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER). Alternatively, Follow me on Telegram here.
Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles. Else, follow me on Twitter here.
Next suggested article: Property Investment Risks. Certainly there are risks