This is the second time that HCK has had to step in after the adjoining Remix 2 project also ran into trouble. Due to delays in the project, the landowner – Dergahayu Sdn Bhd – got into a legal tussle with True Renaissance and took over the Remix 1 project in 2019 while HCK was tasked to revive Remix 2. The latter undertaking has been a success as the newly named Edumetro project is on track to have three of its four towers to be completed by the first quarter of 2023. The Edumetro project has been repositioned as an ‘education city’ with a GDV of RM850 milllion. Its profile was also significantly boosted with news that SEGi will open a campus to anchor the edumetro site. 

Meanwhile, the rescue plan by the other ‘White Knight’ for Remix 1 failed to materialise, paving the way for HCK to enter the frame once more as the rescuer. The move will involve HCK pumping in an estimated RM900 million to revive Remix 1, which has only seen a 30% completion rate under the original developer. Bridging financing, internal funds and sales proceeds will be used to finance this abandoned and HCK will be entitled to complete the unsold towers and keep the proceeds in return for rescuing the developer.

Under this rescue package, purchasers agreed to waive their rights to Liquidated Ascertained Damages (LAD) as well as to developer interest bearing scheme (DIBS). Purchasers, however, will not have to incur any additional payments to the original purchase price despite the increase in construction costs. They had purchased their units between RM450 and RM550 per sq ft while current market valuation places it between RM850 and RM950 per sq ft. 

The Remix 1 project has already been delayed for five years and HCK estimates the completion of the  development to take up to seven years, while the units bought earlier from True Renaissance will first be completed within three to five years. The entire development will comprise of residential, commercial and retail components.

The post HCK Roped In To Revive Stalled Remix 1 Project appeared first on HCK Capital Group.

HCK Capital Group has recently kicked off their ‘Revenge Shopping Campaign’, where buyers are ready to splurge on luxury items to make up for their “lack of luxury” during the pandemic period. 

 The campaign’s launch on 18^th December, exactly a week leading up to Christmas, saw three lucky winners of an iPad Mini, an iWatch and a Smart TV. 

 These winners have signed an SPA agreement and have settled the balance payment to qualify for the lucky draw. Additional prizes include Shopee vouchers up to RM1,800.  

This campaign will be running up until 28^th February 2022. 

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With HOC, buyers enjoy stamp duty exemptions which are given for residential properties. They’ll also enjoy a minimum of 10% discount from the stated property price. 

Being a government initiative under the Real Estate and Housing Developers’ Association Malaysia (REHDA), the HOC is designed to support homebuyers in purchasing property, and to encourage the sales of unsold properties in Malaysia’s housing market. 

The participating projects in this campaign include: Stanford, Yale, Cornell, Imperial and Princeton under the edusentral HOC, and Northwood, Covington and Foster under the edusphere HOC.

Upon signing up for this campaign, you will receive stamp duty exemption on both your loan and on your Memorandum of Transfer (MoT). 

The HOC has had a successful run since its inception – so grab your chance to be a home owner before the year ends, and save more when purchasing your home today.

The post Final Call for Home Ownership with HCK appeared first on HCK Capital Group.

Cyberjaya has until now only had one McDonald’s outlet within its borders. Given the constant growth of the city and its population of youth, this world-renowned franchise would increase its attraction and purpose.

Edusphere is a 24-acre mixed-use development that is anchored by the University of Cyberjaya (UoC), and residential blocks alongside a commercial centre.

Also coming up soon in this area would be a KFC drive-thru restaurant. The addition of these two major F&B brands would surely add to the success of the development as a whole.
 

The post McDonald’s Outlet Opens in Edusphere appeared first on HCK Capital Group.

HCK Capital Group will be a part of the StarProperty Fair 2021 Award Showcase after bagging two awards earlier in June this year.

This award showcase will run from 10am until 10pm across a 3-day span from 15^th to 17^th October, 2021.

They will set up their booth unit S5 in the Blue Concourse in Sunway Pyramid. Being one of the nine booths in the concourse, the booth is in a strategic location, allowing for easy viewing and access.

Potential buyers who are interested to learn more about these award-winning developments: edumetro @ Subang Jaya and edusphere @ Cyberjaya, can head over to the booth with their enquiries.

The Group had received an Honours rank for The Business Estate Award for their edumetro development, and a Merit rank for The Proximity Award for their edusphere development.

The post Award Showcase at the StarProperty Fair 2021 appeared first on HCK Capital Group.

Being surrounded by mature and affluent neighbourhoods such as Damansara Perdana, Mutiara Damansara, TTDI, Sri Hartamas and Mont Kiara among others, the tower certainly has a location advantage.

The 5^th to 23^rd floors are all up for lease with the SPA price range beginning at RM8,880,000 and capping off at RM10,840,000. The 24^th to 37^th floors will be up for sale from the SPA price range of RM10,050,000 to RM11,010,000.

Levels 38 to 42 will be occupied by the HCK Group.

The leasing package for whole floor tenancy of the office tower includes:
1. A 3-month pre-tenancy period
2. A 2-month renovation incentive
3. An 8-month impetus period
4. The completion period, which is a 3-year tenancy commitment

With a stellar corporate address of integrated conveniences, the much-awaited launch of the HCK Tower is surely one not to be missed.

Do contact Sharon at +60 12-361 3828 for an exclusive presentation on the tower. 

The post HCK Tower Soon to be Revealed appeared first on HCK Capital Group.

With the campaign’s primary aim to encourage everyone to get vaccinated, they’re able to boost sales of their ongoing and upcoming projects at the same time. The participating projects in this campaign are: edusentral @ Setia Alam, edusphere @ Cyberjaya, and edumetro @ Subang Jaya.

The promised weekly rewards worth up to RM5,000 drew a great crowd for the first week of the LIVE event. Viewers were quick to respond by keying in the trending hashtag #hckweekcination and sharing the event page with hopes of snagging a prize.

The four steps of the Weekcination campaign are:
1. Place a booking on any HCK property.
2. Show proof of your vaccination (1 or 2 doses)
3. Execute SPA and loan documents (within 42 days)
4. Stand a chance to win Touch n’ Go reload pins worth RM500, RM1,500 and RM3,000.

The winners of this week’s event were Khairul Anwar, Bee Sze Huai and Lim Ye Ting.

The spinning of the wheel for the lucky draw also saw ten winners of McDonald’s vouchers worth RM200 in total.

The event wrapped up with a hearty congratulations from Datuk Clifford Hii. Upon the success of the first session, the Group Managing Director gave a friendly reminder to everyone to tune in for next week’s session, to stay safe and get vaccinated.

The post HCK Weekcination Campaign Rolls Out with Success appeared first on HCK Capital Group.

The much-awaited e-launching of edumetro’s Lakeview Suites is set to take place on July 24^th.

It will be paired with a bidding event hosted by Property Insight. This is to give participants the opportunity to obtain a unit sponsored by HCK Capital Group, at the price they are currently offering.

Lakeview Suites, the latest project of edumetro, are lifestyle units which come along with SMART features. These features include a main controller for your door lock, smart lighting, and an internal CCTV. It has easy accessibility and an abundance of nearby amenities, being located in Subang Jaya.

During this e-launch, there will be an exciting bidding event hosted by Datuk KK Chua of Property Insight. Malaysian entertainer and 8tv host, Xiaoyu, will be the emcee of this event together with her co-host, Kelvin Ooi of Focus Time’s ‘Can Eat or Not?’ food channel.

To join this e-launching event, visit Property Insight Malaysia’s Facebook page @ https://www.facebook.com/propertyinsight.com.my at 2pm on July 24^th.

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The company received an Honours rank for The Business Estate Award for their edumetro @ Subang Jaya development. They also gained a Merit  rank under The Proximity Award for their edusphere @ Cyberjaya development.  

The StarProperty Awards, having first started in 2016, aim at celebrating Malaysia’s most inspiring property developments by paying tribute to nation builders who go beyond the ordinary. With technology, lifestyle, sustainability and wellbeing being the new focus this year, HCK seems to have hit the right spots with their recent developments. 

The Group’s edumetro @ Subang Jaya was surely deemed worthy of receiving the Honours rank for The Business Estate Award, which is based on how developments form interlocking relationships between location advantage and seamless connectivity among commercial elements. 

edumetro’s strategic location within the heart of Subang Jaya, an already established city, offers great investment value and returns to its buyers. The diverse mix of components offers unique lifestyle options to a multitude of generations and layers of community. The synergy between edumetro’s education and commercial components offers both sustainable growth and demand. 

Likewise, the Group’s edusphere @ Cyberjaya development received the well-deserved merit rank for The Proximity Award for creating a perfectly integrated development exemplifying the “Stay, Shop & Study” concept at the Smartest Address in Malaysia’s Smart City. 

It is truly a significant accomplishment for the Group to emerge in the front lines of these prestigious awards. 

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