16/04/2026

PROPERTY THURSDAY | APR 16, 2026

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Chin Hin acquires site in Kota D’sara

Armani opens 383-key golf-front residence in Cameron Highlands CAMERON HIGHLANDS: Armani Group has opened Oakwood Cameron Highlands managed by The Ascott Ltd (Ascott), a 383 key golf-front serviced residence in Tanah Rata, marking a significant addition to the group’s hospitality and lifestyle portfolio in Cameron Highlands. deluxe rooms, studios and two-bedroom family suites of up to 90 sqm. Selected residences feature fully equipped kitchens, washing machines and dryers, integrated workspaces and generous living areas – supporting extended stays, multi generational travel and golf-driven weekend demand. Supporting amenities comprise a gymnasium, 24-hour reception, on-site laundrette, complimentary WiFi and housekeeping services.

for RM449m development

Oakwood Cameron Highlands general manager Simon Yu said, “The scale of the development and its hilltop golf-front positioning introduce a differentiated product within Cameron Highlands. The residential configuration allows us to cater to families, golfers and corporate groups seeking both space and perspective.” With the addition of Oakwood Cameron Highlands, Armani Group strengthens its footprint in the highlands hospitality segment, while Ascott continues to expand its serviced residence portfolio in Malaysia.

Strategically positioned on an elevated hilltop directly overlooking the Sultan Ahmad Shah Golf Club, the development offers panoramic views of the surrounding fairways and highland landscape. Its vantage point location differentiates it within the Cameron Highlands hospitality market, combining scenic elevation with direct golf course frontage. The 383-key inventory comprises a mix of

Designed around the narrative “Whispers of the Highlands,” the development adopts a contemporary English-inspired interior concept that reflects the agricultural character and cool climate of Cameron Highlands. F&B facilities include Oakbistro, the all-day dining restaurant, and Oaklounge, a lounge space overlooking the golf course.

KUALA LUMPUR: Chin Hin Group Property Bhd (CHGP) recently reported a strategic expansion of its development portfolio with the acquisition of a prime industrial property in Kota Damansara, Selangor, for RM66 million. The transaction marks the group’s first major foray into the industrial and commercial development segment, diversifying its predominantly residential development portfolio. The acquisition is being executed through CHGP’s indirect wholly owned subsidiary Boon Koon Capital Sdn Bhd. The subject property, comprising a three-storey office cum factory building on 16,222 sqm of leasehold land, is being acquired from Signature Cabinet Sdn Bhd, a wholly owned subsidiary of Signature International Bhd. CHGP group CEO Chang Tze Yoong ( pix ) said: “This RM66 million acquisition represents a selective and strategic expansion into the industrial commercial segment for CHGP. By securing this prime site in Kota Damansara, the group is acquiring a mature asset supported by an independent market valuation, with clear redevelopment potential into an integrated industrial-commercial hub with an estimated GDV of approximately RM449 million. While our core focus remains firmly on residential development, diversifying into high demand industrial spaces allows us to broaden our earnings base and capture shifting market demands. Crucially, we are executing this while maintaining prudent financial management and a disciplined capital structure.” CHGP plans to completely redevelop the Taman Sains Selangor 1 site into an integrated industrial commercial hub designed to cater to logistics operators, light industrial users, and commercial businesses. The location offers immediate connectivity to the LDP, NKVE, and SPRINT highways, placing it at the centre of the Klang Valley’s established industrial corridors. Preliminary feasibility studies project the targeted redevelopment to carry an estimated GDV of RM449.4 million against a Gross Development Cost of RM361.6 million. This implies an estimated development margin of approximately 19%. CHGP will fund the acquisition through a combination of internally generated funds and bank borrowings. Post-acquisition, the group’s pro forma net gearing is expected to move from 0.67x to approximately 0.81x. In a statement, the group said that this remains well within manageable levels, ensuring the group retains the financial flexibility to execute both its existing residential projects and this new industrial pipeline.

Summera Grove latest addition to Setia Tropika o Non-Bumi units of double-storey terrace homes in Johor Bahru sold out within hours of launch Summera Grove offers 203 double-storey terrace homes sized from 20’ x 60’ to 20’ x 75’, with built-ups from 1,706 sq ft to 1,894 sq ft.

SHAH ALAM: SP Setia Bhd recently unveiled Summera Grove, a 15.28-acre collection of double-storey terrace homes, the newest addition to the mature freehold 740-acre Setia Tropika township in Johor Bahru. Summera Grove’s 130 non-Bumi units — with a combined GDV of RM123.3 million — were fully taken up within a few hours of its launch on March 14, with buyers queueing as early as three days prior to secure their units. With a total GDV of approximately RM181.43 million, Summera Grove comprises 203 units of double-storey terrace homes sized from 20’ x 60’ to 20’ x 75’, with built-ups from 1,706 sq ft to 1,894 sq ft and prices ranging from RM719,355 to RM1.43 million. Summera Grove sits in Precinct 13 of Setia Tropika, a fully gated and guarded modern township with a central business district (CBD) that features a wide selection of retail and F&B options, as well as major banks and a dedicated Tropika

to township evolution rather than short term development. She said, “The development incorporates Setia e GreenLiving features such as smart home locks, solar panels, EV charging conduits, strong Industrialised Building Systems adoption and Box 366, our proprietary contactless delivery solution. These elements reflect Setia’s proven capability to anticipate changing homeowner needs and to implement sustainable, future ready solutions at scale.” Linked to the North-South Expressway via the Kempas Interchange, Summera Grove is situated just 3.5km from the Kempas Baru ETS station, 12km from Johor Bahru city centre, and 18km from Senai International Airport.

Convention Hall. Setia chief operating officer Datuk Yuslina Mohd Yunus said, “Setia Tropika demonstrates Setia’s proven expertise in masterplanning integrated townships with established infrastructure. The strong response at Summera Grove’s launch, where the 130 non-Bumi units were fully taken up within hours, underscores the sustained demand for well-planned, well connected neighbourhoods in a mature township.” As the latest residential offering within Setia Tropika, she added, Summera Grove is designed to provide a calm, low density living environment while remaining seamlessly connected to established amenities and a thriving CBD — demonstrating Setia’s disciplined approach

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