Your Key To Garden Lifestyle
Kenwingston makes its first foray into garden lifestyle development
Kenwingston Square Garden is a 6.85-acre ultra-modern mixed development comprising of a business centre, retail boulevard and residences within a finely integrated landscape. Based on an impressive design theme, the business and retail centre fronts the entire development, leading to the centerpiece of twin residential towers which houses a mixture of SoHo.
Located amidst the well-established and booming neighborhood of Cyberjaya Flagship Zone (CFZ), Kenwingston Square Garden offers accessibility through connecting highways and an upcoming MRT station in the vicinity, as well as visibility for both homes and businesses with top-notch facilities. It features state-of-the-art infrastructure and architecture, magnificent landscaping for commercial and residential platforms, comprehensive amenities and various educational institutions.
Described as a ‘garden city living in the sky’ with architectural inspirations from contemporary work-life ideals, Kenwingston Square Garden SoHo offers breathtaking panoramic views of Cyberjaya’s urban scape. The residential towers, comprising of two 35-storey blocks housing 912 SoHo units, encircle the sports and recreational outdoor facilities on the 7th floor, above six levels of car parks with ample 1,661 car parking bays for residents as well as visitors. Indoor facilities are available as well, including business lounges, reading rooms, nursery, prayer rooms and so on.
The SoHos come in four sizes, and range in built-ups from 450 sq ft to 815 sq ft. The largest SoHo of 815 sq ft has 3 rooms and 2 bathrooms suitable for running a business or working from home. Kenwingston group managing director Dato’ Lovis Lam says the units, with a starting price of RM296,000 or RM550 psf, are targeted at young couples and investors, as well as buyers that can move in when the project is completed as the units are fully furnished,” he adds. There will be a five-tier security system — card access at the guardhouse, lobby, lift, inside lift car, floor lobby and individual units. Kenwingston Residences will boast a miniature golf course on its facility floor at Level 7 — the first of its kind in a residential block. Other facilities include a sky jogging track at Level 7, as well as sky view decks at Level 32 for each residential tower and 3 indoor badminton courts cum multipurpose hall which can put in 40 tables function.
Kenwingston Sdn Bhd was established in 2010 and started with smaller project constructions, with its first contract valued at 5.7 million. From then on, they grew their business within the next few years, from 5.7 million to 3.1 billion. They are currently undertaking eight projects, namely at Season Garden, KL Traders Square, CONEXION IOI RESORT CITY, Almyra, Bandar Puteri Bangi, IOI at Bangi, Parkhill at Bukit Jalil, The Henge at Kepong and Societe at Sri Hartamas. At the same time, they are also working on PPA1M, a Government project at Precinct 6, Putrajaya.
As a main contractor and developer, Kenwingston Sdn Bhd have five divisions that make up their group’s revenue. The major contributor to their company’s profit is their construction division, followed by their development division. Three projects are currently ongoing under their development division – one at Pulau Indah, where 27 units of terrace houses were fully sold, and another at Salak Tinggi with 30 units of terrace houses also fully sold, and lastly their Kenwingston Square Garden, a mixed development with a GDV of 475 million. Their third division is the machinery division where they have invested almost 50 million for tower cranes, lorries and so forth. As for their fourth division, it pertains to the hospitality industry with their new budget hotel called Kenwingston Hotel. They are expecting to open their second hotel in Gombak and a third one in Cyberjaya in 2019. Their last division is the investment division, comprising of their security and property.
Relevance and Efficiency
Kenwingston positions itself apart from other developers by being not only a developer but also the main contractor. It also receives support from other divisions for picking up momentum, following the demand for quality housing developments in Malaysia that are also affordable. The group’s machinery division takes great care to ensure the developments are built according to its market needs. While the company mainly focuses on development, it is teamwork and prudent management that are also notable contributing factors to their success. In total, there are seven directors upon which Dato’ Lovis Lam is the principal, being an engineer himself within the civil engineering and construction sector for 17 years. A Bachelor of Science (Civil Engineering) graduate from Universiti Teknologi Malaysia, he was previously a project director at construction and property development company Prinsiptek Corp Bhd. Other key personnel at Kenwingston include executive director Eddie Lim Kim Eng and directors Edward Lim Wei Chuan, Ryan Tang Seng Wai, Jimmy Chia Hue Chian, Lew Kok Sin and Yeoh Boon Lim. Each project will be under the management of an appointed director to make work progress more efficient.
Trying Times Ahead
The present economic uncertainty also translates into challenges for Kenwingston. Banks are stricter with loans being issued, making it harder for purchasers to get a loan. Needless to say, they have managed to overcome these challenges with prudent management. “Having a good cash flow, solid finance and strong team,” Dato’ Lovis Lam says, are high on the management’s list of duties.
Passion and Dedication
From an outside viewpoint, the role of the principal might seem to be a position of glamour and allure. Dato’ Lovis Lam thinks further that he needs to “ensure Kenwingston is constantly fully aware of the market needs, by conducting market surveys on ground to understand the customer needs.” With good knowledge and strong awareness of customer needs, the developer will then be able to offer the right product at the right price.
Dato’ Lovis Lam says his company is well prepared, as they are the only main contractor in Malaysia with eight projects in development that are ahead of schedule. He further explains, “We are ahead for more than one month for each project as we aim to provide excellent quality of service for customers who have purchased their homes with us.” He also stated that besides providing good workmanship, Kenwingston also aims to introduce Kenwingston Square Garden into Cyberjaya as a lifestyle development at an affordable price.
The Booming Factor
In choosing the location for developing projects, Kenwingston considers populated areas, as well as its return on investment. With infrastructure and upcoming amenities such as MRT connectivity, private hospitals and private colleges, Cyberjaya is a conducive place for development.
Kenwingston Square Garden is set to be completed in 2019 and meanwhile Dato’ Lovis Lam says the group is looking to launch a five-star hotel suite development on a 10-acre parcel in Port Dickson. The development will be located next to Corus Paradise Resort, and they will offer a 15-year sell-and-lease-back option to the buyers and bring in an established hotel operator. The project, which is in the design stage, is scheduled to be launched by the third quarter of 2017.
Dato’ Lovis Lam has a list of achievements lined up for the next five years. He aims at being the most profitable company in terms of construction, maintaining their track record of delivering their projects within its scheduled time, and diversifying the business to allow for equal contributions from each division. Currently the group’s main revenue comes from the construction and development segment, therefore the five-year plan is to balance the revenue contribution ratio so that the other divisions will contribute more equally.
“Currently, we have a land bank of 20 acres and are looking to acquire more land, not only in the Klang Valley but also in other parts of the country. We are also open to joint ventures,” says Dato’ Lovis Lam. He also wants to emphasize on the importance for investors to look for the right location when it comes to buying property for an investment. The surrounding amenities such as private hospitals and private colleges will play a vital role in ensuring the investors will get back a positive return on their property investments. In fact, Kenwingston chose Cyberjaya to develop Kenwingston Square Gardens as they see a high potential return from the location and are daring enough to use the name Kenwingston in the naming of this project because they are confident in the design, quality, maintenance and second value of Kenwingston Square Gardens for years to come.
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