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The launch of 490 terrace houses in Maple @ Hillpark Shah Alam North arks the joint venture company's maiden project in the country
Kuala Lumpur, Malaysia - 30 March 2016, - PanaHome MKH Malaysia Sdn Bhd (PanaHome MKH Malaysia), a consolidated subsidiary of PanaHome Corporation (PanaHome), will provide both construction (building framework) and Living Design Package (built-in interior furnishing and layout planning) for the Maple @ Hillpark Shah Alam North, a housing complex consisting of 490 units of two-storey terrace houses spanning a total area of 161,510m2. This marks the company's foray into the housing business in Malaysia. Construction of Maple @ Hillpark Shah Alam North began early this month and is scheduled for completion by May 2018. Other projects in the pipeline include two upcoming high rise housing projects - SAVILLE @ D'LAKE PUCHONG and TEMARA KL.
In Malaysia, property purchase decisions typically involve two steps - a buyer first purchases the house from the developer with minimal interior finishing, and then separately engages an interior designer to customise the lighting as well as built-in furniture for areas such as the kitchen, and walk-in closet in the bedroom, according to their preference and budget. The provision of PanaHome MKH Malaysia's construction and Living Design Package serves as a one-stop solution for potential buyers, offering a building framework with compatible interior furnishing.
The company will enhance the value of living spaces by combining the three important elements of a house - building construction, interior furnishing and layout planning, as well as suite of home appliances. Interested parties can view these technologies and solutions in the showroom located at Kuala Lumpur from 31 March onwards.
PanaHome MKH Malaysia is ready to roll out solutions to housing-related challenges faced by people in the country and differentiates itself from local contractors by taking advantage of the Panasonic Group's comprehensive business strengths and engineering expertise.
The development project, undertaken by MKH in the Shah Alam district of Selangor State, began construction in 2014. A total of 2,000 housing units are scheduled to be built. PanaHome MKH Malaysia will construct approximately 490 terrace houses in the Maple precinct under this project using W-PC method designed for the Asian market. The construction for Maple @ Hillpark Shah Alam North began early this month and is slated to be completed by May 2018.
|Location||Shah Alam, Selangor State, Malaysia|
|Development scal||161,510 Square meters|
|Type of house||2-story terrace house|
|Number of units being constructed||490 units|
|Area per unit||144 Square meters|
|Start of construction||March 1, 2016|
|Start of sale||Mid April, 2016|
|Developer||Hillpark Resources Sdn. Bhd. (subsidiary of MKH Berhad)|
|Building construction and interior furnishing
(utilising Living Design Package)
|PanaHome MKH Malaysia Sdn. Bhd.|
PanaHome MKH Malaysia's Living Design Package has been already adopted for a large-scale condominium project in Puchong. Condominium units under this project will start its sales on mid April 2016. The Living Design Package can be viewed at the showroom in Kuala Lumpur that is set to open on 31 March.
|Facilities||34 floors (for residence), 2 floors (for commercial facilities)|
|Number of units being constructed||305 units (residence), 30 shops|
|Area per unit||Residential house 63 square meters, 83 square meters, 102 square meters, Shop167 square meters|
|Start of sale||Mid April, 2016 (tentative)|
|Developer||Achieve Acres Sdn. Bhd. (subsidiary of MKH Berhad)|
|Interior furnishing (through Living Design Package)||PanaHome MKH Malaysia Sdn. Bhd|
Established in 1963, PanaHome Corporation traces its roots back to the passionate vision of Konosuke Matsushita, founder of Panasonic Corporation, who believed in building quality houses to better people's lives. As the housing subsidiary of the Panasonic Group, PanaHome recorded consolidated net sales of 325.6 billion yen for the year ended 31 March 2015.
PanaHome has built a total of about 470,000 residences in Japan over the past 50 years. It has expanded its business overseas, to Taiwan in 2010, and Malaysia in 2012. In April 2015, it established PanaHome Asia Pacific Pte. Ltd. to strengthen its foothold in the housing industry across the Southeast Asia and Oceania region. The company aims to generate 15 billion yen in sales from the Malaysian market by FY2018 (year ending March 2019).
For more information on PanaHome, please visit the company's website at http://www.panahome.jp/english/.
Connect with Panasonic Homes & Living on LinkedIn at https://www.linkedin.com/company/panasonichousing.
MKH Berhad (formerly known as Metro Kajang Holdings Bhd), is an established property developer in Kajang - Semenyih with an uninterrupted profit track record since its inception 35 years ago. Since 1979, MKH has earned a distinguished reputation in improving quality of lives by building good quality homes and integrated townships, while 2008 marked the Groups' foray in to oil palm plantation. Successfully listed on Bursa Malaysia in October 1995, MKH has completed more than 35,000 units of properties in Kajang and Greater Kuala Lumpur with a total value exceeding RM11.6 billion.
The Group has garnered a string of awards including the "Best Company for Investor Relations 2014", "Best Companies to Work for in Asia 2014", "The Green Tech Award", "The Edge Malaysia Affordable Urban Housing Excellence Award 2014 & 2015," "The Edge Top Property Developers Award 2015", and "Asia Pacific Property Award" for its seven property developments, apart from recognition of Management leaders for their role in transforming the Kajang township and contributing to Malaysia's property industry. MKH acquired up to 90 years concession for its 15,900 hectares of plantation land in East Kalimantan, Indonesia. Its CPO mill has been upgraded to fully operating at 90 metric tonne per hour.
*1 Pre-fabricated house: a type of house which is partially or fully manufactured in advance at the factory, and then, assembled at the development site where the house is to be built.
*2 "Kajiraku" is a trademark of PanaHome.
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