KUALA LUMPUR: Chin Hin Group Property Bhd has acquired two contiguous parcels of leasehold land in Taman Puncak Jalil, Daerah Petaling, Selangor, for RM91 million, strengthening the group’s development pipeline in one of Greater Kuala Lumpur’s most active landed housing corridors.
The acquisition was executed by Chin Hin Property (KL) Sdn Bhd, a wholly owned subsidiary of BKG Development Sdn Bhd, through a sale and purchase agreement (SPA) with Trident Treasure Sdn Bhd (TTSB).
The lands measure a combined 104,714.99 sqm (around 1,127,142 sq ft).
Chin Hin Group Property plans to develop the parcel into a landed residential development comprising 380 units of 3-storey terrace homes (20’×70’), replacing the previously approved scheme of semi-detached units and apartments under the earlier master plan.
The switch to terrace units is expected to deliver stronger sales absorption, reduce construction complexity, and offer a more commercially attractive product mix that complements the nearby developments, positioning the project as a premium yet accessible landed offering for discerning upgraders seeking quality living within an established affluent corridor.
Based on internal feasibility studies, the project carries an estimated gross development value (GDV) of RM560 million and gross development cost (GDC) of RM448 million, yielding an anticipated gross profit of approximately RM112 million.
Subject to authority approvals, planning permission is anticipated to commence in May 2026, with the project targeted for launch in Q4 of 2026 and completion by the end of 2029.
The acquisition will be funded through a combination of internally generated funds and bank borrowings, with the final composition to be determined based on gearing and cash-flow planning.
Commenting on the acquisition, Chin Hin Group Property CEO of property development division Chang Tze Yoong said landed housing in Greater Kuala Lumpur continues to demonstrate resilient demand, especially among young families and upgraders seeking practical layouts and long-term liveability.
“This acquisition fits our strategy of focusing on high-demand residential products while expanding our footprint in growth corridors.
“With a GDV of RM560 million, the Puncak Jalil project will be an important contributor to our development pipeline over the next few years,” he said in a statement.
Chin Hin Group Property views the acquisition as a strategic addition to its landbank within Greater KL alongside its ongoing developments such as Quaver Residence, Ayanna Resort Residences, Avantro Residences, Solarvest Suites, Crown Penang, Andalan, Aricia, Dawn KLCC, and Botanica Hills.
The group remains focused on strengthening its core property development business and delivering sustainable long-term growth through disciplined capital deployment and market-driven product planning.
