Building A Close Knit Community At Agile Mont Kiara
Property Insight met up with Wilson Ren, chief executive officer of Agile Real Estate (M) Sdn Bhd, about their first signature development outside of their home country
Agile literally means speed and this word augurs well with Agile Property Holdings limited, formerly a furniture manufacturer. The company is now headquartered in Guangzhou International Finance Centre in China, a core business district of Zhujiang New Town. Agile has successfully transformed into an award winning property developer and among the notable awards won by the company in China is the ‘Outstanding Chinese Property Developer Award’ by Economic Digest Magazine, the ‘Best Investor Relations Company (China) and Best Investor Relations Website/Promotion’ by Asian Excellence Recognition Awards, the Forbes Top 2000 Global Enterprises List, China’s ‘Real Estate 20 years of Business Excellence’ by Southern Weekend and mind you, the list goes on.
With over 90 projects being developed at various stages in China, it is now venturing outside of its home country to further explore and develop its first signature development in Malaysia through its fully-owned subsidiary, Agile Malaysia Real Estate Development (M) Sdn Bhd.
Agile started investing in property development in Zhongshan, China in 1992, it is now dubbed as the leading integrated property developer in China where the company’s business diversified into commercial property investment, hotel development and operations, property management services and its core business of building integrated residential community development and operations.
Agile’s development can been seen in cities and districts across Guangzhou, Zhongshan, Foshan, Heyuan, Huizhou, Shanghai, Nanjing, Changzhou, Yangzhou, Wuxi, Zhenjiang, Hangzhou, Ningbo, Chuzhou, Chengdu, Xi’an, Chongqing, Zhengzhou, Hainan, Yunnan, Shenyang and Tianjin and constructing homes with a concept of ‘from heart, beyond living’ that is a dynamic modern living approach, for hundreds of thousands of families in China.
Agile as a company that is committed to the pursuit of a global approach focusing on quality and excellence in all of its products. This starts from master planning and design to ancillary facilities and they take pride in every single detail to ensure that it meets the needs of all its residents.
THE OASIS OF MONT KIARA
Home buyers and property investors in Malaysia will now be able to experience premium and luxurious living with Agile Mont Kiara, a 70:30 joint venture with PJ Development Holdings Berhad, a listed company on the Main Board of Bursa Malaysia (Malaysian Stock Exchange). This will be Agile’s first signature development outside of China in a sought after premium location dubbed the French colony of Malaysia.
AN EXCITING LOCATION
Agile Mont Kiara is also located strategically close to Publika, an upscale creative retail mall in the area, offering high-end clothing boutiques, novelty stores and F&B outlets. Besides Publika, residents can also spend their weekends shopping at Hartamas Shopping Centre or 1 Mont Kiara, that boasts a 6,000 square feet piazza at the entrance with its natural light through a special ETFE roofing. Residents can also savour Korean food or visit the popular weekly flea market at Plaza Mont Kiara. The Agile Mont Kiara is also close to renowned international schools such as Mont Kiara International School, Garden International School, Park City International School as well as a French International School.
Home owners will have no problem travelling to different parts of greater Kuala Lumpur because of the easily accessible highways that lead to Agile Mont Kiara such as the Penchala Link, North – South Expressway, Jalan Duta –Sungai Buloh Expressway, the Damansara – Puchong Expressway or the LDP and the SPRINT highway. It takes about 10 minutes to drive to the central business district of Kuala Lumpur and it is close to mature neighbourhoods such as Damansara Heights, Bangsar, and Petaling Jaya.
Spread across 10 acres of prime land, Agile Mont Kiara contains 813 partially furnished condominium units comprising of a total of four 44-storey blocks, two 18-storey blocks and five 8-storey blocks with a total GDV of RM1.4 billion, these units range from a 1,162 sq.ft. to 5,037 sq.ft.
“Despite having 11 towers of mix low, medium and high rise towers, it is considered the lowest density in the vicinity,” said Agile Real Estate (M) Sdn Bhd chief executive officer Wilson Ren.
Home owners are given a wide variety of options as these partially furnished units that come with either 2+1 bedroom, 3 bedroom, 3+1 bedroom or 2 dual key units. The partially furnished elements include air-conditioning, water heaters, kitchen cabinets, built-in wardrobes, video intercom systems and centralised water heating. Security at the development will be state-of-the-art as the development implements a 24 hour surveillance system. The development is said to be completed in September 2018.
“We want to build a community not just homes, a safe environment where residents can walk around and get to know their neighbours,” mentioned Ren, which is also one of the many key differentiation points of this development. This is because other premier developments might not be able to provide the right atmosphere in achieving a ‘caring-community living’ experience.”
Surrounding the residential towers and located at the centre of the development is a six-acre environmental deck which is a large recreational space for residents to relax and unwind. There will also be a sky deck as well as five units of retail space.
Agile Mont Kiara is dubbed as the oasis of Mont Kiara because the moment you take a step into any of it’s units, you will discover an elegant design that is practical yet aesthetically pleasing. Large glass windows not only provide home owners with a breath taking panoramic view of Mont Kiara and the skyline of Kuala Lumpur, it also allows plenty of natural sunlight and excellent cross ventilation especially for larger units that have double balconies, establishing that this development was well thought out and planned for a tropical climate country like Malaysia.
The developer incorporates quality materials into each unit. To begin with, the doors leading to the main entrance door is made up of approved fire-rated timber panels, while quality timber doors will be used for the bedroom, bathroom, and study. Aluminium framed sliding glass doors will be installed for the balcony and it’s terrace areas.
The ceilings of these units are going to be plaster boards with emulsion paint while bathrooms, balcony/s, terrace areas and the yard will be floor tiled.
PROPERTY MARKET SENTIMENT
Responding to the question on the weakening of the local currency, Ren has this to say, “It is now even more attractive for investors to own properties in Malaysia as it is cheaper and it is a known fact that owning healthy assets is a good hedge against inflation.”
Ren opines that perhaps the most pressing issue surrounding the current local property market is affordability, especially for the larger units but he doesn’t agree that Mont Kiara is experiencing a market oversupply. As a matter of fact, Ren believes that there will be perpetual demand for this type of development more so because it is in a good location.
Malaysia was the first country the company chose to expand abroad as it boasted a steady demand for residential properties and a stable and growing economy. “Malaysia has a good infrastructure and the government has implemented a lot of initiatives and plans for Kuala Lumpur and the greater Kuala Lumpur area. This in itself will attract a lot of interest from foreign investors. The take up rate when Agile Mont Kiara was launched was good even though Malaysians are being very careful and selective about their purchases now,” shared Ren.
Although Agile invests in developments within Kuala Lumpur, it is also on the lookout for big parcels of land in greater Kuala Lumpur to develop townships. Agile joint ventured with Tropicana Corporation Berhad to develop a 3.7-acre land parcel at the heart of the golden triangle, with a GDV of RM2.5 billion, this will be an integrated development incorporating three towers of high-end serviced residences located in Bukit Bintang, Kuala Lumpur that Agile hopes to launch by September of next year.
Visit their official website at www.agilemalaysia.com.my or call +603-2630 8880 to find out more about one of these elegant and luxurious units.
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