HCK Capital Group, which has launched two property projects in Ara Damansara, Selangor in early 2013 has successfully sold out all the units in its first project with gross development value (GDV) of RM300 million.
A relatively new comer in the property development market, HCK Capital Group managed to perform well, despite the imposition of stricter financing rules by the authorities.
“We have studied the needs of property investors and offered them holistic property investment packages such as steady and secured yield for their properties,” said Mr. Yee Tuck Sing, Executive Director (Property Division) of HCK Capital Group.
“These two projects are our first foray into the property market and we are pleased with the result thus far,” Yee added.
HCK Capital Group has been successful in gaining significant number of projects in the short span of 18 months. It has secured land banks and projects with a total GDV of approximately RM6.0 billion to date.
Yee reiterated that, “Riding on the success in Ara Damansara, we plan to launch at least 2 more projects in 2014 which include commercial units and residential units in Damansara and USJ1 . "
The Group has also successfully forged a business collaboration with a foreign player recently to develop its land bank of 24.7 acres in Cyberjaya in a mixed of institutional, commercial and residential units.
Progress of both Jazz and G Residences has been in accordance to schedule.
Executive Director of HCK Property, Mr. Yee Tuck Sing informed that the Group plan to launch at least 2 more projects in 2014.