An artist’s impression of Avantro Residences @ Bandar Kinrara (Photo by Chin Hin Group Property)
This article first appeared in City & Country, The Edge Malaysia Weekly on November 6, 2023 – November 12, 2023
Chin Hin Group Property Bhd is looking to launch its latest project, the RM517 million Avantro Residences @ Bandar Kinrara, by mid-month. According to group managing director Chiau Haw Choon, the 3.43-acre freehold mixed-use development will have 842 serviced apartments in two blocks, sitting on a retail and parking podium.
The retail component will have 21 lots, with sizes ranging from 848 to 4,946 sq ft. Some 400 parking bays at the basement level are available for these retail lots.
Chiau says that out of the 842 serviced apartment units, 208 are 1+1 bedroom Servis Apartment Mampu Milik with built-ups of 550 sq ft. The wing is linked to Tower B, which has 295 open market units. Tower A has 339 open market units.
The open market units range from 872 to 1,206 sq ft, with one of the layouts being dual-key-ready units. The units come in three layouts: 2+1 bedrooms and 2 bathrooms; 3 bedrooms and 2 bathrooms; and 4 bedrooms and 2 bathrooms.
All bedrooms are designed to fit a queen-sized bed. The units also come with shoe cabinet space and a yard. Owners have the flexibility to renovate to enclose the kitchen. The units are priced from RM621,000, or over RM700 psf.
“The design focuses on cross ventilation and natural lighting. The units will be partially fitted with full inverter air conditioning, top and bottom kitchen cabinets from Signature as well as hoods and hobs. They are also smart home-enabled and given an Alexa (virtual assistant technology) each,” he says.
Each unit will come with two parking lots and there will be speed ramps for fast parking access.
Chiau: We are creating an environment that encourages social interaction and community building (Photo by Sam Fong/The Edge)
The development has several features, Chiau says, with the main one being the retail component that is scattered over four floors to create a conducive environment for a lifestyle gastronomy experience. The developer will keep the retail lots in order to control the tenant mix.
“With 20,000 sq ft allocated for a gourmet grocer, a rooftop bar and an al fresco dining area, we are creating an environment that encourages social interaction and community building,” he says.
Another feature of the development are the facilities, including a pet-friendly area where beloved furbabies and so on can roam freely, as well as the child-centric ones such as the swimming pool with water play features and the children’s jungle gym. Other facilities include a parcourse, infinity pool, parcel room, children’s playground, jogging track, Jacuzzi, gymnasium, barbecue area and electric vehicle charging area.
The indicative maintenance fee, including the sinking fund, is 35 sen psf.
The project is scheduled to be completed in 2Q2028.
Each unit will have a bay window and a balcony. Purchasers can choose to have the balcony attached to the living room and put the bay window in the master bedroom, or vice versa.
Chiau says that since the development’s soft launch in September, the company has received more than 200 bookings for Block A.
“We want to have a differentiation. The location is surrounded by commercial shoplots so we don’t want to do another typical serviced apartment … That’s why we took some risks and [designed the retail lots over four floors]. Also, instead of a playroom, we are differentiating ourselves with a jungle gym,” he says.
“Avantro Residences’ distinctive and iconic façade will make it stand out and add a new kind of beauty to the neighbourhood. We have a high level of confidence in selling out Avantro Residences, firmly grounded on the unique features and selling points that set this development apart [from others].”
Avantro Residences @ Bandar Kinrara is also a transit-oriented development, with the Kinrara BK5 LRT station just 180m away. Located within the mature township of Bandar Kinrara, it is also near commercial centres with shops offering various services and conveniences.
It is also connected to various highways, such as Lebuhraya Bukit Jalil, Maju Expressway, Kuala Lumpur-Seremban Highway, Lebuhraya Shah Alam, Lebuhraya Damansara-Puchong and New Pantai Expressway.
Chin Hin has two projects in the pipeline: a serviced apartment project in Penang called Crown Penang; and a terraced home project in Serendah, Selangor.
The RM457 million Crown Penang is a low-density project that is jointly developed with Ivory Properties Group Bhd. Comprising 588 units in a 41-storey tower, this development will feature smart home technologies. It is targeted to be completed in 2027.
The terraced house project, meanwhile, spans 56.53 acres. With a gross development value (GDV) of RM340 million, this project will offer 2-storey and 3-storey terraced homes. It will be launched by 3Q2024.
The group’s subsidiary Fiamma Holdings Bhd has acquired three parcels: one in Sungai Besi (2.615 acres), with a GDV of RM475 million; and two — 1.41 acres and 1.88 acres — in KLCC with a GDV of RM768 million and RM684 million respectively.
“In the next 12 months, we anticipate a positive outlook for the property market, especially for well-designed properties that meet the specific needs of discerning customers. For instance, we have observed that 50% of our customers are below 35 years old,” Chiau explains.