MCT sees upward growth momentum in 2021 propelled by 7 new project launches

By ANIS FARHANAH MALEK
anisfarhanah@dagangnews.com

KUALA LUMPUR 6 Jan. - Property developer, MCT Berhad (MCT) anticipates a stronger performance in 2021 and is gearing up to launch seven new developments, comprising residential units and commercial projects, with a combined Gross Development Value (GDV) of RM2.2 billion.

Commenting on MCT’s growth prospects for 2021, its Chief Executive Officer, Teh Heng Chong, said, the property market is expected to continue its path towards recovery with the global economy gaining steady progress following the recent COVID-19 vaccine roll-out. 

“Coupled with the low interest rate environment and reintroduction of the Home Ownership Campaign, which presents good buying opportunities, more homebuyers will once again be searching for their dream home,” said him in a statement.

MCT is targeting to launch seven new developments, including Aetas Damansara, a high-end residential project in Tropicana Golf & Country Resort, Damansara, Alira in Metropark, Subang, and Sanderling Lakefront Residences in Cyberjaya. 

The other projects include a boutique commercial centre at Lakefront Cyberjaya, the maiden phase of Cybersouth Town Centre in Dengkil, as well as new residential developments located in USJ Subang and one in Cybersouth.

“Recognising the prevailing uncertainties in the environment, we have quickly pivoted to broaden our product offerings to support future growth and build business resiliency. 

“Over the past few years, we have been growing our presence in the southern region of Klang Valley, focusing on residential developments in Cyberjaya and our first township development in Cybersouth. 

“Moving forward, we aim to expand our development footprint, targeting prime areas within the Klang Valley, in order to reach out to various market segments. We are also actively pursuing joint venture and land acquisition opportunities to fuel future growth,” Heng Chong explained.

The Group has listed Aetas Damansara, which will be officially launched in January 2021, as its ‘beacon’ project in setting the pace for growth this year.

With a GDV of RM564 million, Aetas Damansara is MCT’s maiden luxury residential project, jointly curated with Ayala Land, Inc. 

The development sits on a 1.76 acre piece of prime land which offers scenic views of the fairways of Tropicana Golf and Country Resort.

It also provides a wide selection of spacious and luxurious layouts, from three-bedroom to four bedroom units which are attractively priced at a starting point of RM1.97 million.

Reviewing the group’s performance in 2020, Heng Chong elaborated that the group has achieved a record high of over 3,053 completed units handed over to homeowners of Selangorku PR1MA Lakefront Homes, Lakefront Residence (Phase Two) in Lakefront Cyberjaya as well as Casa Bluebell and Casawood landed residential developments in Cybersouth township.

MCT has an undeveloped land bank of 289.5 acres with a total future GDV of approximately RM11.4 billion. - DagangNews.com